Welcome back. watching wall street where it could be one of the worst days of year for the dow. right now it s down over 200 points but off the day s lows much join me gnaw is tyler matheson. the dow was at five-year highs. what s going on today? it s a big sell off, unlike last week when it aaffected technology stocks, today it s the core industrial companies basically because some of the earnings have come up a little bit short. i m talking about companies like united technologies, a diversified manufacturer, 3m, dupont and others. that s why you see the dow down about 1.75%. all of those three stocks i just mentioned are constituents of the dow industrials. one way or another, either because their earnings weren t what forecasters expected and the sales weren t as high as the
There were with shutdowns and pipeline shutdowns in the midwest. those incidents actually drove the prices up a little bit and they were trying to come down when isaac hit. so when isaac hit, that drove the price up maybe ten cents more to now the national average of $3.80. so that s what constitutes for the highest gas prices we ve seen this labor day weekend. but, according to analysts, even though 28% of the u.s. oil production comes out of the gulf, that s going to come down because these companies are now starting to open up. they re going to start production up again. so we ll see those gas prices definitely come down. okay. what is fueling a boom in the back-to-school time shopping? and do you think this is a sign of things that will hold and be good for the retailers during the holiday season? well, i ll tell you, it s one thing, those parents all summer long, kind of cutting back and not spending a lot in the summer months. so, while sales weren t so robust during the summ
toulouse. israeli officials say all four bodies will be flown to israel for burial. a gunman shot and killed three french soldiers of north african descent in two separate attacks and the shootings are connected, they say. opposition sources are saying that 14 people have been killed this tuesday following clashes in the syrian capital on monday. rebels attacked a neighborhood home to some of the regime s inner circle after 34 were killed nationwide. those are the headlines. i m monita rajpal. world business today starts right now. good morning, i m nina dos santos from london. and hello from hong kong. i m andrew stevens. welcome to world business today. top stories, china jacks up the price of fuel. how will that go down with those on the road? the internet makes up a bigger chunk of the global economy. which is getting the biggest boost. pitching in when the chips are down. how villagers in spain are pulling together to provide for themselves. straight to t
to be the first cherished moments together. a newlywed s holiday was turned into horror off of coast of the seychelles island. i m zain vergee, world business today starts now. good morning from cnn london, i m nina dos santos. and a very good afternoon from the cnn hong kong, i m andrew stevens. you re watching world business today, the top stories this thursday, august 18. foster s knocks back a second big bid from sabmiller. is there any more growth to be squeezed from the aussie beer market. against a backdrop of slowing growth and crippling debt, u.s. vice president joe biden visits the biggest creditor. and you can call it anti-branding. why abercrombie and fitch is willing to pay one tv star not to wear its clothes. we re one hour into the trading day here in europe. let s have a look at how the markets are faring. this is the picture across the board. some of the markets down well in excess of 1.5%. the dax on its way to being down 2% lower on the back