And that weighed on stocks. But it wasnt the only thing. The organization for Economic Cooperation and development lowered its Global Growth forecast. So while things may be looking up for the u. S. Economy, especially after last fridays jobs report, it comes at a time of weakening Economic Growth around the world. By the close today the Dow Jones Industrial average dropped 179 points to 17,730. Nasdaq fell 51. And the s p 500 lost 20. As for the bond market, yields rose as prices fell. The tenyear u. S. Note is now up more than a third of a percentage point in yield in less than a month. Bob pisani shows us how the market is responding to this new reality. Reporter stocks experienced their weakest day in over a month. Much of the decline was due to continuing fallout from the strong jobs report and the increasing likelihood that the fed will raise rates in december. Interest ratesensitive groups like reits and emerging markets and Home Builders were all down about 2 . This rate hike t
And that weighed on stocks. But it wasnt the only thing. The organization for Economic Cooperation and development lowered its Global Growth forecast. So while things may be looking up for the u. S. Economy, especially after last fridays jobs report, it comes at a time of weakening Economic Growth around the world. By the close today the Dow Jones Industrial average dropped 179 points to 17,730. Nasdaq fell 51. And the s p 500 lost 20. As for the bond market, yields rose as prices fell. The tenyear u. S. Note is now up more than a third of a percentage point in yield in less than a month. Bob pisani shows us how the market is responding to this new reality. Reporter stocks experienced their weakest day in over a month. Much of the decline was due to continuing fallout from the strong jobs report and the increasing likelihood that the fed will raise rates in december. Interest ratesensitive groups like reits and emerging markets and Home Builders were all down about 2 . This rate hike t
Included in apac. The president announced new plans to extend visas for tourists. But when the president hosted the leaders of 11 pacific countries later in the day, he didnt invite his chinese counterpart. Because president obama was lobbying hard for a Transpacific Partnership which would create the largest trading block in the world. It would remove trade barriers between these countries that have borders on the pacific. But china has been left out of these talks. Indeed its aggressively pursuing trade deals of its own. It signed a trade back with south korea and a second big gas deal with russia. China is asserting its political and military muscle too, reopening disputes with allies of the u. S. Including japan. But china is reviving a 2,000 year old idea. In history the silk road long connected china with markets in the middle east, and then out to europe. It was a true global artery for commerce. It fuelled an exchange of ideas and technologyings between the east and the west. T
Personal care . Im ali velshi, and this is real money. Muse World Leaders and Business Executives are gathering this week for the Asia Pacific Economic cooperation summit in beijing. Dont switch off just yet, this is actually interesting. Lots of countries that have some part of their country attracted to the pacific osha is included in apac. The president announced new plans to extend visas for tourists. But when the president hosted the leaders of 11 pacific countries later in the day, he didnt invite his chinese counterpart. Because president obama was lobbying hard for a Transpacific Partnership which would create the largest trading block in the world. It would remove trade barriers between these countries that have borders on the pacific. But china has been left out of these talks. Indeed its aggressively pursuing trade deals of its own. It signed a trade back with south korea and a second big gas deal with russia. China is asserting its political and military muscle too, reopeni
World leaders and Business Executives are gathering this week for the Asia Pacific Economic cooperation summit in beijing. Dont switch off just yet, this is actually interesting. Lots of countries that have some part of their country attracted to the pacific osha is included in apac. The president announced new plans to extend visas for tourists. But when the president hosted the leaders of 11 pacific countries later in the day, he didnt invite his chinese counterpart. Because president obama was lobbying hard for a Transpacific Partnership which would create the largest trading block in the world. It would remove trade barriers between these countries that have borders on the pacific. But china has been left out of these talks. Indeed its aggressively pursuing trade deals of its own. It signed a trade back with south korea and a second big gas deal with russia. China is asserting its political and military muscle too, reopening disputes with allies of the u. S. Including japan. But ch