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About five years. so what happened? a number of things, but the most important overnight is that china came out and did something to try to stabilize their market. whether or not it works is a completely different story, but nevertheless they cut interest rates for the fifth time this year, not that the first four cuts did much, but nevertheless, we re seeing a lot of chinese stocks at the top of the nasdaq list, names like badu. also the u.s. sector, all the big names, it was losing for five days and now it seems like we ve got the best day since december. you ve got big names like apple leading there. that s huge, jose, because a lot of the names like netflix, amazon, apple, twitter, microsoft, google, i could keep going on, they had a pretty rough start up to today. ....
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They just do it. at sears optical, we re committed to bringing them eyewear that works as hard as they do. right now, buy one pair and get another free. quality eyewear for doers. sears optical it s 31 after the hour. let s take a look at breaking news from wall street. numbers still up. 263 points, the dow and s&p 500 up 35 and the nasdaq is up about 112 points. all in all, so far a pretty good start to the day. oh, how different things were just yesterday and friday and thursday, but cnbc s mandy drury is here with the market rundown. mandy, good morning. let s go to tuesday, shall we, jose? as you can see, we have a nice rebound here on the s&p for ....
Gone too long without a meaningful correction. that s wall street lingo for a 10% decline from the highs. other analysts believe stocks need to be corrected and are too expensive for a slow-growing economy. this is all sparked by fears about china s economy and for the second day in a row, stocks there were pummeled. let s bring in new york times correspondent and msnbc contributor josh barrow. also, chief international economist and managing director at mesereau financial. josh, let s start with you. while we have about 30-something minutes before the opening bell, what are we expecting and what is the possibility of a strong start about? even when the markets close, market futures close all over the world. you can look at how the dow is doing. what we re seeing is it s way up. the s&p 500, there nasdaq, are up. and we have seen markets all over the world. they re down in china, but almost everywhere else, they re up. the french stock market is up ....
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