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Equities did end off their lows. Lets get right to the closing numbers on this, the first trading day of the new year. The dow industrials dropped 276 points to 17,147. It had been off as much as 467 points earlier in the day. The nasdaq declined 104 points. Thats 2 . And the s p 500 lost 31. The trigger, china and more evidence of slowing growth in the worlds second largest economy. A new report out of that country showed the Manufacturing Sector contracted at the end of 2015. The shanghai stock market plunged almost 7 and then Circuit Breakers kicked in and trading was halted. From asia the selling spread around the world to europe first and then here to wall street. But china wasnt the only cause for the drop today. Bob pisani has more on todays rout from the New York Stock Exchange. Reporter ugg. Wha ....
Equities did end off their lows. Lets get right to the closing numbers on this, the first trading day of the new year. The dow industrials dropped 276 points to 17,147. It had been off as much as 467 points earlier in the day. The nasdaq declined 104 points. Thats 2 . And the s p 500 lost 31. The trigger, china and more evidence of slowing growth in the worlds second largest economy. A new report out of that country showed the Manufacturing Sector contracted at the end of 2015. The shanghai stock market plunged almost 7 and then Circuit Breakers kicked in and trading was halted. From asia the selling spread around the world to europe first and then here to wall street. But china wasnt the only cause for the drop today. Bob pisani has more on todays rout from the New York Stock Exchange. Reporter ugg. Wha ....
Equities did end off their lows. Lets get right to the closing numbers on this, the first trading day of the new year. The dow industrials dropped 276 points to 17,147. It had been off as much as 467 points earlier in the day. The nasdaq declined 104 points. Thats 2 . And the s p 500 lost 31. The trigger, china and more evidence of slowing growth in the worlds second largest economy. A new report out of that country showed the Manufacturing Sector contracted at the end of 2015. The shanghai stock market plunged almost 7 and then Circuit Breakers kicked in and trading was halted. From asia the selling spread around the world to europe first and then here to wall street. But china wasnt the only cause for the drop today. Bob pisani has more on todays rout from the New York Stock Exchange. Reporter ugg. Wha ....
Just why was that malaysia air flight flying over such a dangerous area and what has been the policy of all airlines that fly internationally with so many hotspots across the globe . We have phil lebeau standing by. Hes been looking into that. And for anyone who travels, you may be surprised about where airlines have been willing to go, at least until yesterdays tragedy. Then back in corporate america, two developing stories. Time warner trading above rupert Murdo Murdochs 85 offer, which was rejected. So, what does that say about what wall street thinks is going to happen next . Somebody thinks were going to get a deal. Yep, for sure. But at a higher price. Also, fedex higher today, despite being indicted by the u. S. Government, accused of being a drug mule for illegal pharmacies, saying fedex is knowingly shipping drugs to dealers and addicts. Well look at the governments case. All right, lets get you caught up on the markets. W ....
Except for that stock. Look at apple. A close above 114. 29 would make it a 800 stock on a presplit basis from the time it went back and we are there now at 115 and change. While snow and cold is here across much of the country, maybe the santa claus rally is also here, as well. Well be following all of that in this final hour of trading today. Keeping an eye on gold here. Coming up, Vladimir Putin now hoarding gold . New report says he is. Why . Well speak with will rind shortly in a first on cnbc interview. You wont want to miss this. Do we need the look at the video of him without shirts on . No. Viewer request. And as obamacarols out for year number two, the spotlight is not on the website but how the law was passed and whether or not the people intentionally deceived. The glib comments coming from one of the laws advisers continues to gather steam. We will have the latest on all of that coming up in a little bit here. Yes. Le ....