Yields our top story is the u. S. Stock market officially falling into correction territory in yesterdays session. The dow was down by 1033 points. Thats a huge drop weve seen one earlier this week as a result were on pace for the worst week since 2008. The nasdaq was off by 275 points since the slide began back on january 26th, nearly 2 2. 5 trillion in market value has been wiped out from the s p 500. When you look at Global Markets they lost 5 5. 2 trillion over te last two weeks well, you add that up and you look at the u. S. Equity futures, the good news is that things are stabilizing a bit and even turning around after that big decline. Thats not what we saw earlier in the week. Right now it looks like the dow is indicated up by 270 points. If we were to open here, the s p would open up by 33. The selloff we saw yesterday continued in asia. The nikkei was down by 2. 3 . The hang seng was down by more than 3 . The shanghai was down by 4 . European equities in some of the early tra
Carolina will vote against the next round of Hurricane Relief funds unless Congress Cuts spending to offset costs. It is unclear how many more members will agree but it could complicate the path for relief. Democrats immediately rejected the demand. The Islamic State has last one of its has lost one of its last stronghold in iraq. The fight against the terrorist group is now focused on a stretch of border with syria. Because honestly is desperately trying to hang on. Vladimir putin met with saudi arabias king salman. This is the first time that saudi leader has visited russia. Theyre working on an agreement to curb oil production. Global news 24 hours a day. Powered by more than 2,700 journalists and analysts in more than 120 countries. Crumpton, this is bloomberg. Julia live from bloomberg World Headquarters in new york, im julia chatterly. Scarlet i am scarlet fu. Joe and i am joe weisenthal. Is whatd you miss . The house adopting the budget resolution for 2018, but the unity may not
Napa County Airport on green island road. Firefighters say the property had about 200 vehicles and was engulfed in flames, producing a large plume of black smoke seen across much of the bay area. Gusty winds helped spread the fire across a total of 20 acres destroying cars, boats, and the Property Owners home. A woman who lives next door said the fire moved at frightening speed. Speed. Ive been sick with the flu, so i was laying down, and then my neighbor texted me and said theres a fire. I got up and ran outside, and sure enough it was huge and i could see it traveling really fast and i panicked and got my keys and dogs and got in the car and left. Firefighters say smoky conditions will lesson around midnight, and that air Quality Control officials have been contacted to see what monitoring may be needed. The cause of the fire is being investigated. And breaking news right now. Another fire has broken out just a short distance from the fire we just mentioned. Authorities say this fire
Weve seen since the election. The nasdaq is indicated up by 8. 5 points. Well talk to the nasdaqs ceo later this morning. Look at what happened overnight in asia. The nikkei was up by 1. 1 . Markets in china also closed higher with the hang seng up by a half percentage point. In europe this morning, in the early trading thats taking place, you can see things are relatively flat. Across the board. The ftse, the cac, and the dax all sitting within points of where they closed yet. Its been a big couple of days for markets there. Pepsico just out with earnings. The number is a core earnings of 94 cents a share. That Beat Estimates by two cents. Revenue also coming in a little above expectations. Talking about what happened with this quarter, she said they achieved solid Revenue Growth in the First Quarter, underpinned by global volume growth. Despite what she calls a challenging food and Beverage Industry thats been trading conditions in north america and continued volatility in developing
Own firsthand experience even something as basic as emergency radios working can still be a problem in a terror attack. I can tell you as a former commander of the s. W. A. T. Team and we would do operations in and around the hilly areas of the city which are most of the city, you have problems. Its tough to communicate. That is the achilles heel for any kind of operations. But not all challenges are technical. Theres also the issue of how to control the soft targets like a crowd leaving a big events. When youre in a situation where youre dealing with a large group of people, its more difficult. Reporter beefing up security after manchester events . We do threat assessments an outline events. Reporter there are challenges. For example, shortly after donald trump became president , San Francisco police opted out of the Fbi Joint Terrorism Task force. There were some concerns from various members in the community on our policies and our participation. Reporter what was the concern . Firs