before rebounding to finish up almost 5%, recouping half of the losses from monday s 2,000 point selloff. jim, remember when we couldn t get a 1% move la last 12 sessions, s&p moved 3.5. the market feels broken to me not a lot of liquidity many things happening at night you ll see the interest rates go down at night. then suddenly the s&p is having a nightly session. we have to play by that tune i get it there s i want to say there s not panic. people want to get out if there were people, you would see endless downing endless down you could say buyers will come in i was listening to jim paulson before, he sees a lot that he would like i don t. you don t no. i like utilities i like the drug companies, i like the highest growth tech, teledoc. the rest sell to you people are buying royal caribbean right here as if it s like a buying opportunity. a lot of people using the term buying opportunity, b.o., for things no. no, to b.o. as you might expect, people are foc
is there more pain to come or a real bottom anywhere in sight? trade tensions still in focus as the chinese central bank does something it has not done in more than ten years. we ll tell you what that is on this thursday, augustth as worldwide exchange begins right now. good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. i m brian sullivan you are watching worldwide exchange. thanks for joining us. these crazy, volatile markets have shown no signs of slowing down yesterday at this hour we were calm then stocks began to sink when trading began. the dow continued to fall, at one point off 550 points but then the buyers, they came in in the afternoon. the dow ended the day dow 22 points, posting one of its greatest point turnarounds of all time what will happen today let s look here is how your money and investments look futures are mildly higher. dow futures up 21 points but this time yesterday futures were basicall
is not often the way we end. on thursday and friday you weren t here thursday and friday no. it continued. the bill murray bottom, which we were up 300 points on that friday, suddenly up 1200 points. we made back about two-thirds of the losses. if we were to close down over 200 today, the dow would fall under 25,000 so we re back to 25,200 again. the art cashin has the from a month ago where people were like, oh, my god it needs to be kept in perspective. 291 on the ten-year. you ll look at that later. that 2.6 or 3.0. what did he say he said that s the question 3.0 is more likely. in asia, some markets are still out now. they have been closed because of the lunar new year the nikkei down by 1%. the hang seng down by 0.78%. in europe, many of the markets are mixed. the dax is flat. cac is up 0.2% the ftse down by a quarter percentage point if you get to treasury yields, the ten-year is what we ve been watching just below 2.91. home depot just out with quarte
good wednesday morning i am carl king with jon fortt. dow is up 128. tech sector leads the s & p. for more on tech, bring in victor anthony and elly wheeler, partner. welcome to you both. welcome to tech resilience in the face of the selloff, even though we can parse, fang, talk about underperformance within that right i mean, there are certain names that are underperforming facebook and alphabet. ironically, those are two names with multiple support but they have secular growth drivers. from all of them, market share gains across the board, e-commerce and advertising but in the case of netflix, subscriber growth that continues to be strong i am buying alphabet, a buy on facebook and amazon. hold on netflix for now. but i am optimistic bought all these names. facebook and alphabet, we re talking later this hour about regulatory threats do you think that s effecting them, those two in particular? i think for alphabet, eu overhang has been an issue for several years