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Between the u. S. A china will hurt a Global Economy thats already slowing and stocks lower around the world as money moves out of riskier assets and into safer ones. The benchmark yield on the tenyear treasury hit a 20month lownd stocks fell though they finished off their lows of the sessio and the Dow Jones Industrial session fell 321 points, but it had been down more than 400 points and the nasdaq dpped 60 and the s p 500 was down 19. Seema modi has more on todaysi sellg from the new york stock exchange. Stocks tumbling on an economic slowdown and the dow,p 0 and nasdaq all on pace to post their first monthly losses of the year. Trade, key concern here on wall street. It appears as if the deal between the u. S. And china i nowhere close to being reached. The worry is that growth will slow worldwe, that the investors looking for safety in treasurys and as bond yields ....
Cut. Also ahead, a rough morning for Health Insurers. Medicare investment rates come in short of expectations. Ge shares have been up sharply. The company now completing its final split by spinning off its Power Generation business. Ge aerospace ceo and larry culp and ge fernova scott stray sikh joining us a little later. We mentioned the tenyear going back close to 4. 4. This started with the ism data yesterday. Its constant. You look at it, just drips and drabs. The market is reacting in a curious way. Yesterday the nasdaq finished up. I thought that was incorrect. These are the stocks that should be getting hit, david. I do think this is a very important moment in the market because we had for dot ten about ra rates. Well, we did yesterday. A mistake for the nasdaq to be up . What does that even mean . I mean if rates go up, you want to sell the high multiples you also ....
Bearish strategist has finally capitulated. It is nvidias week. Four analysts upping their targets ahead of results on wednesday. And apple reportedly edly slash iphone prices to count huawei. A historic week for stocks, jim. We got to 40k, we hosted 11 on the vix, but just barely, but we did. People are stalki talking ab stock market. For the long time, they talked about my tomatoes. And then say, wow, what is that about . People who have not been in. People who are thinking, is it too late . I try to present a constructive view. But its gotten in peoples minds, carl, and also numbers from gallop last week who said 62 of the people are back. Someone in their house owns stocks. Thats up from 52. Which was interesting. 52 was the low, which is just when the dow got back to where it was before 2007. So, you had 2007, people got back to even and they left. And now genz, gen x back. Millennials back. Boomers i think just blown out and dont rely. And its quite encouraging, because if we can ....
Twice, weve had flash crashes, including one that occurred this very day last year, 2015. Whats a flash crash . Its when the market drops quickly, almost in the blink of an eye, resulting in a dramatic down turn of about 1,000 dow points. Its not the definition of an afternoon plummet six years, hence the fool me once, fool me twice rule. Thats why i want to set up some crru when the next one comes. Notice i didnt say if. I said when. Because if you implement good rules, were dealing with machines. We know machines break. Its what happens. Lets go over the very basics of what cause a crash. Something that was thought to trigger truly horrendous here it produces a tremendous amount of fear and paralysis, at post 9 00, im trying to figure out what was going on. We in the cross hairs of multiple stocks bidding machine guns, in a free fire zone, where we didnt know if we should duck under the table or run for our lives. Why was it so jarring . Even though we fully expected a decline going ....