Extraordinary upside moves we saw this year but now the action is just as extraordinary on the downside as what we saw moving higher since we turned the calendar. This is when we start to dust off the old adages down is quicker typically than the up markets weve had all a rise, we dont have to remind you of that, but the we have to pay the piper and the dow is down by the way, you cant compare the percentage terms down 802 on the dow. Biggest point decline prior to this was 776 during the financial crisis now, back then it was 7 , 8 drop today were talking 3 its rare to see that kind of move well show you everything going on with the spiking volatility. Its unsettling because it happens all at once. Well bring mike santoli in in a little bit we were talking about how the market has changed in 2018 compared to what we saw the last couple of years. Where most days the move higher would be a small one we were hitting base hits or doubles or something now weve been hitting home runs both u
Better than 5 . Europe this morning declines across the board. Things are off of the lowest bft 100 hitting the lowest level in a year earlier down almost 2 right now. The cac down 1. 8 in the dax in germany down 120 as well. Collective futures because this is where we see a little bit of a bounce. The dow was down 200. Dow industrials 1057 points. S p and nasdaq is positive. And the nasdaq up right now with 31 points up one half of 1 . We been on the market turmoil yesterday. We couldnt be more proud of the fact. The market is increased by thousands of points since election day of 2016. But todays selloff represents the oven flow of our stock markets. We recognize that. The most important numbers to focus on are the fundamentals. Maria the latest as the white house is resident travis focused on fundamentals which remain exceptionally strong. Turmoil comes as investors are eyeing fundamentals. Fourthquarter earnings before the bell this morning. Well bring you those numbers are the sto
One of the big ripple effects is utilities. Take a look at this chart behind me were seeing the death cross thats what some technicians call it when the shorter term 50day moving average of a stock or etf falls below longer term trend, the 200day average were seeing it with the excel, the spdr sector utility, xlu this does not portend bad things but something to Pay Attention to its not the only that were keeping an eye on. Were seeing some action play out in some parts of the market. Namely in the real estate stocks the vanguard reit index is sinking down to multiyear lows. As we take a look at whats happening with this, its already in correction territory, off about 10 plus the highs we saw a couple years ago well take a look at another part thats perhaps a brighter spot while all these guys are making these multiyear lows, one thats not is the consumer staple sector. This is actually just a stones throw away from alltime highs would you believe it or not, more than half of the index
In a few minutes President Trump is expected to make a jobs announcement well bring you nose commethose north korea fired back with tough talk to the u. S. Eamon javers has details. Reporter we got the white houses First Response to the north crkorean comments. First the comments, what he said about the United States in the wake of the flybyes by american bombers over north near north korea over the weekend he said since the u. S. Declared war on our country, we will have every right to take countermeasures including the right to shoot down u. S. Strategic bombers even when theyre not yet inside the airspace border of our country. White House Press Secretary Sarah Huckabee sanders in the brea briefing a few moments ago said the United States has not declared war on north korea and to suggest it has is absurd and also had this to stay. Take a listen. Its never appropriate for a country to shoot down another countrys aircraft we its over International Waters our goal is still the same, w
Announcer this is nightly Business Report with Tyler Mathisen and sue herer surprise decline. Shipments of apples flagship product, the iphone, fell, rambling up pressure that its next model be a blockbuster. We will work incredibly hard to reearn not your business necessarily, but your trust. Uniteds ceo apologizes again for that infamous incident last month when a doctor was dragged from his flight. In lawmakers made clear that either he fixes the mess or they will. Deep cuts. Kansas slashed taxes to revive the economy. But what happened next . Those stories and more tonight on nightly Business Report for tuesday, may 2. Good evening, everyone, and welcome. The numbers are enormous. But perhaps not enormous enough. Apple, the worlds most valuable publicly traded company sold more than 50 million iphones in the most recent quarter. That was a decline, though, from a year ago. That could be a sign that consumers are actually just waiting to spend their money on the next 10th Anniversar