Ago. S p down by 151. And the nasdaq would open down by about 435 points this is limit down, they cant trade lower than this. Declines at 5 across the board. If this holds at the open, heres what you can expect in terms of the nyse Circuit Breakers that kick in. If the s p 500 dropped by 7 during the course of normal trading, trading halts for 15 minutes to have a cooloff period if it falls by 13 , it halts for another 15 minute period if it falls by 20 trading halts for the remainder of the day since these were implemented many years ago, weve never seen the levels tested. If youre watching the treasury market this morning, the ten year, almost impossible to believe watching how quickly things have fallen the ten year is yielding 0. 487 . Its been less than a week since it fell below a 1 yield and we have seen it collapse. Thats a bounce from earlier. So much of this has been keying off to whats taking place to crude prices over the weekend. Well explain what happened but you dont see
By and by down by the sleigh well wander, sweethearts you and i wait til the sunshines, nelly, by and by terrific. Merry christmas, everybody and one of the traditions is to bring children and grandchildren down on the floor. Theres a number of them here today. Tell me your name. Shannon youre the daughter of a retired member, right . Yes. His name . Michael spidaro do you know why the New York Stock Exchange is important . It makes new companies and businesses thats the right answer thanks mike, one of the big traders for gts does all of the Retail Stocks your work through the year, keeping the markets moving and keeping liquidity in the market. Thank you, bob. Merry christmas. Art cashin, 55 years, started almost this day, 1964. Thats correct. In the same book as John D Rockefeller and jpmorgan they were just a touch older than i am. Lets hope youll outlive them all by a long way thanks very much Merry Christmas. Thank you all for coming down for a great tradition that goes back 150
Surprise profit and Record Services revenue, but says weakness in pc and ipad could continue to drag down sales. And amazon shares rallying after reporting blowout profits beating on sales and the company issuing optimistic guidance as well interesting internals in the jobs report this morning 187,000. Unemployment, 3. 5 average Hourly Earnings, a touch hot, but the workweek shrank, mike, so total weekly pay, below expectations i think it all nets out to consistent with a slowing but still tight labor market and a relatively soft landing for the economy. You did have those downward revisions, so decelerating but also lower Unemployment Rate implies just not a huge supply of idle workers to draw from here the main market kind of bank shot on this is what does it mean for treasury yields thats been the story all week you have had longer term yields really going higher, not much because of repricing what the fed is going to do, but just in general, a lot of dynamics pushing in that direct
Of a percentage point. The hang seng was up by 0. 4 shanghai composite was up 0. 4 in europe in some early trading that were seeing, we are looking at a mixed picture slight declines in germany and in france. The ftse is up by a quarter percentage point gains in italy and in spain as well finally crude oil prices, which were up by 50 cents yesterday, they have given back some of those gains. We are talk about crude oil below 58 a barrel a couple stories were watching, bombardier said it is confident u. S. International trade commission will reach the right conclusion in its dispute with boeing. The Commerce Department announced yesterday it will impose duties of 300 on the companys cseries jets after boeing had been complaining they had been unfairly subsidized by the canadian government. The penalty will only take effect if the itc rules in boeings favor bombardier said it is common practice for a plane manufacturer to offer discounts to launch customers. Bombardiers ceo will join us
The president and his team set to dine with the two top dems tonight. Power lun power lunch starts right now welcome, everybody, to power lunch. Im melissa lee. Stocks are trading in a very narrow range the s p did hit another intraday high the best performing sectors, tech and materials, the biggest drags. Check out some movers. Up 6 . Leading the s p 500. The Company Buying new York Health Insurer fidelis care for 2. 7 billion take a look at dolby labs. Apple tv will support dolby vision here is what else is happening. Democratic senator, mark warner, asking the federal trade commission to investigate equifax Data Security practices and Customer Security response following the recent attack. Target getting ready for the crucial season hiring about 100,000 seasonal workers. That is a big jump from last year viacoms mtv seeing its first summer ratings growth in six years. Brian . Charlie, thank you. We begin with apple and its big event 24 hours ago in cupertino. Apple announcing three