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Good morning. Getting right to the top story you can see right now, the dow jones is implied higher by 225 points, nasdaq still showing relative weakness given the technology selloff weve seen. This is coming after that massive selloff from the major averages yesterday the dow closing down more than 800 points slightly off the lows. In this situation, they are all coming off their worst trading day since june 11. Since monday, all are on track from weekly performances since june one sector snaps the heat. Snapping the win streak when it lost nearly 14 apple saw its worst day since the 20th losing that market cap, the largest loss of the biggest oneday record they lost more market cap just yesterday than the individual market caps of 470 of the s p 500 companies. That is how much money was lost by apple microsoft, alphabet, tesla saw market caps sink by 10s of hundreds of dollars. You can see tesla lost millions. Microsoft lost 115 billion. August unemployment report is due out. Expecti ....
Brent below 42 for the First Time Since 2009. We begin with shares of chipotle falling hard. The company issuing disappointing guidance on another e. Coli outbreak. And a 14 billion acquisition, huge premium for Keurig Green Mountain. Its going private. And ges deal with electrolux is off. First up, Keurig Green Mountain has agreed to be taken private. The Investor Group led by j. A. B. Holding. Coke, which owns about 17 of keurig says it is fully supportive of the deal. Keurig will operate independently as part of j. A. B. s coffee platform. What else do we know about this. The main one they own is jacobs they did a deal with mondolese back in 14. It was completed in july, actually, of this year. 44 of that company is owned by mondolese. The rest is ....
Move, like everything gets put on sale because oil goes down for the day, yes, today was one of those days where individual companies matter but the dow up, nasdaq up, sure didnt turn out that way, though. In the Early Morning hours we saw china literally gave up the ghost, plummeting 6 , and finishing at 2,749. That is well below the 3,000 line in the sand, as the Chinese Government tries to maintain. Maybe the communists decide the whole effort is futile and they dont want to spend anymore money propping up stocks, or maybe the sellers at last overwhelm the buyers. Including the prc. But either way, starting ugly. Meanwhile, oil after being 2 yesterday, falling back down to 30, was flirting with 29, insanity. Plus, with the Federal Reserve meeting on the horizon tomorrow, felt like it was another horrible session o ....
Companies matter but the dow up, nasdaq up, sure didnt turn out that way, though. In the Early Morning hours we saw china literally gave up the ghost, plummeting 6 , and finishing at 2,749. That is well below the 3,000 line in the sand, as the Chinese Government tries to maintain. Maybe the communists decide the whole effort is futile and they dont want to spend anymore money propping up stocks, or maybe the sellers at last overwhelm the buyers. Including the prc. But either way, starting ugly. Meanwhile, oil after being 2 yesterday, falling back down to 30, was flirting with 29, insanity. Plus, with the Federal Reserve meeting on the horizon tomorrow, felt like it was another horrible session on its way. Yeah, 4 00 a. M. , etched in stone wed be down at least threequarters of a percent and have their hearts set on a ....
Maybe the communists decide the whole effort is futile and they dont want to spend anymore money propping up stocks, or maybe the sellers at last overwhelm the buyers. Including the prc. But either way, starting ugly. Meanwhile, oil after being 2 yesterday, falling back down to 30, was flirting with 29, insanity. Plus, with the Federal Reserve meeting on the horizon tomorrow, felt like it was another horrible session on its way. Yeah, 4 00 a. M. , etched in stone wed be down at least threequarters of a percent and the futures traders seemed to have their hearts set on appealing all the gains from late last week. I wanted to go back, but thats not how you play in the playoffs. Next thing you know, oil climbs back to 39. 21. Nobody thought that was in the cards, why . I could say ive given up trying to find logical explanations for the oil move. Forgive me, though, for going expiration for budgets are coming so fast supply and dema ....