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Nicole, what is fueling the selloff . We were down almost 700 points. Biggest selloff for stocks weve seen for stocks since 2016. Traders are taking this one in stride. Tough to stomach a 2 1 2 selloff on washington. That being said, the dow is weighed down by many energy names, exxon, chevron, that missed on their profits. All 30 dow stocks going into the closing bell are down. Energy taking a break. Were still up 37 since the election. Traders are okay with a little bit of a pullback. Apple is an interesting one. It is now in correction territory, closing at 160. 37. That means 10 off its recent highs. So the january 18 close of 179. 26. Were more than 10 beneath that. Netflix is in pullback territory. Not quite correction territory. What is happening . Great jobs report, 200,000 added. 4. 1 number. This is all great, with wage growth and treasury yields on the rise, 2. 842 as the bond. Equities are selling it off and were seeing inverse relationship all week long. So this is the wor ....
Schools. This is the very first event shell be doing. Shell be doing a series of programs and interviews as she travels across the country to introduce her book across the public, so we are really honored to be the first, and also honored to be the venue where Community Conversation will be taking place tonight. After all, a Critical Role of libraries engage in issues important oh to that community. But not only our city, cities across the country. There will be many questions, there are many questions but i would bet there will be some answers e emerging from tonights discussion as well. I want to thank two people in particular to organize the program. I would like them to stand up. The first is our president of the north Public Library, timothy chris, please, stand. [applause] the other a newer member. Please st ....
Jumping. Wait until you see whats happening on the ground in iowa. Meanwhile, though we begin with the markets and those 1 gains or thereabouts. Lets get the trading action. Bob is live at the new york stock exchange, Bertha Coombs following the movers at nasdaq. Bob, you go first. Another big story on the floor today is avon. Whats going on with that one . We just had a wild morning here. This post was filled with almost 100 traders. They have halted three times on whats called a volatility halt. That is for unusual trading action. Apparently there was an erroneous and false report that they may have had a takeover offer. Now, were trying to sort all of this out. Again, it appears that it was erroneous and false but the important thing is that three times the stock was halted. The company did not make a clear statement down here so absent that, it couldnt be halted because the company had a statement to make. It could only be halt ....
There is an epa gasoline mandate that is bad news because it divert crops from Food Production to ethanol and it could raise food prices too. That is bad news for drivers because higher ethanol means lower gas mileage. And aaa says too much ethanol could cause engine damage thats not covered underarranty. And thats good news for me. So thats the ad that is causing a big batle between two industry giants, aaa and the American Petroleum institute, api. It centers around a fuel additive we told you about on money. E 15. Both groupsaid it can damage cars if you use it. They created the commercial. Aaa isacktracking bigtime. They want the adulled. As they find it out what should you put in your car . With me is a president and ceo, jack girard. Jack, are you surprised by the moverom aaa . That is interesting, only people weve heard is small aaa group out in south dakota heavi ....
People tearing down to historic statues and dragging them away. At least 20 states and dc have had a statue removed, torn down or vandalized by protesters. The president slamming the desecration and pushing local leaders to take control. They are tearing down statues , desecrating monuments, and purging dissenters, that is not the behavior of a peaceful political movement, it is the behavior of totalitarians and tyrants. If you give power to people tha demolish monuments and attack churches, and sees to be streets , and set fire to buildings, then nothing as sacred and no one is safe. But new York DemocraticGovernor Andrew Cuomo with a different take. Can you overdo it . Of course you can. In new york, i dont think wev overdone it. I think its a healthy expression of people saying lets get some priorities here and lets remember the sins and the mistakes that this nat ....