In the meantime lets get you caught up where we stand. Yesterday the markets had a rebound. The dow was up by over to 230. Volatility is back at least for a few days. Dow is down by almost triple digits decline of 96 points below fair value. Nasdaq down by 24 and s p down by over 30. Overnight in asia the nikkei stabilizeed a bit after the big losses it posted the day before catching up with what we had seen on friday. Right now you see nikkei closed up by 56 points. Shanghai composite was flat. In the early trade in the european be markets youll also see that the dax is higher up by by. 4 . Were also watching oil prices today. The International Energy Agency Cutting its forecast for global oil demand, the iea is citie ii wobbling asian demand and its taking prices down. Wti down by 2. 5 . Decline of over 1 to 45. 17. Some other headlines. Goldman sachs now cutting the odds of fed rate hike next week to 25 from 40 porjsly. The firms call came after fed governor brainard caused against
Down about 32 points. Nasdaq down as well as about 16. 5 points off. The s p would open down about six points. Lets take a look at whats happening in the european markets after this explosion. Youre also seeing red arrows across the board. Pretty much in sync. A quick check of the oil boards before we get to steve sedgwick, whos following the story for us. Wti crude at 41. 53. Steve is in london right now. Were going to go to steve on this story. Steve . Yeah, thanks very much indeed, andrew. Weve got a map here of the brussels city center. The first attacks we saw after 8 00 local time, 7 00 london time this morning, and there were multiple concerns it was a wide attack. We heard it was up to four explosions in the departure hull of the airport. About an hour later, we heard the rail infrastructure, the metro was being targeted. Down at a station called maelbeek. Thats very important, because thats the station that looks after the eu institutions. You have a whole host of eu buildings
Very excited to be on stage with general bleedlove. I need to do a blanket apology. I just got out of den tangherlini surgery this morning sorks if you see me drooling on this side of the face, thats why. We were talking youd like to begin. Id like for you to do that with a broad brush through of the coming nato summit thats next summer. The last one was last year and i remember covering that, covering president obama and then secretary of defense chuck hagel. The big news was all about the coalition against isis. Thats not going to be the case, i imagine, next year. Why dont you start off with your thoughts about what the key outcomes of next years summit should be and id love to hear me tell you what you think they will be. Thank you, first of all, and thank you for having me. Its good to speak to this crowd. As i looked at the diversity of those in attendance, i expect a lively question and answer period. Thats all very good. I think that in talking about warsaw, you start at wales.
Months . Next couple months . Not couple months, in the coming months. I mean, the krem lin have continued to provide military support. I think this is a longterm proposition, not a shortterm proposition. So ash carter has, in some ways, become the secretary of reassurance. Everywhere he goes he seems as if hes reassuring allies that americas military will be behind that. And definitely in the case of our Eastern European allies. Almost all of the reassurance steps that we have taken so far militarily seem to be temporary. We have seen rotational deployment. We have seen more exercises. We have had had supplement l funding. What needs to be permanent . What is the new normal . So i like the second part of your question better than the first. I wont use the permanent word. What the new normal is i think well see these assurance measures for quite some time. Its more than the united states. Its about our nato allies being a part of assurance. I was tasked as the military leader to develo