Wider Middle East war. Fox on top of triple storms, that are coming down. First to the Stock Slide on wall street. All three major averages ending way down again today. No one seems safe. The global sell off extending to asia, to europe as markets around the world Begin Trading on what consumers have long been feeling. A lot are tapped out and investors are now shouting out. How long does this Go On . Is this sell off long overdue or just over done . Welcoming everybody. On a crazy day. We have seen backtobacktoback days the last winning day, last wednesday, and that was about 6,000 Dow Point ago. What has happened . Lets go to susan lee. In the great to quote the greatest investor, oracle of home that, Warren Buffett who says in the times he advises investors to be greedy when preople are fearful selling off half of his apple stake, cashing up to 277 Billion dollars, that tells you there has been a recent market peak. Now if you look overall, and reframe, you are up on the year, the n
And im Rachel Blevins in washington coming up. China as ever, grand group is falling behind on promises more than 70000. Investors will take a look at why the chinese government has yet to step in to say, one of the worlds most indebted company. Then we take you to the numbers from the worlds largest economy. As the United States retail sector got a booth in august, the fight negative forecast will analyze the number and how the nation is bearing them in the spread of the delta. Very lot to get to let go and we leave the program with something you may not have heard too much about in the media. There are major economic tremors in china right now surrounding the Housing And Property market. This is an issue that consists of 2 stories, the macro and micro. So heres the macro in august of 2021. Chinas national home sales have fallen in value tumbling 19. 7 Percent Year over year. The largest drops in april of 2020. At the onset of the Pandemic Growth in home prices and real Estate Investm
There are major economic tremors in china right now surrounding the Housing And Property market. This is an issue that consists of 2 stories, the macro and micro. So heres the macro in august of 2021. Chinas national home sales have fallen in value tumbling 19. 7 Percent Year over year. The largest drops in april of 2020. At the onset of the Pandemic Growth in home prices and real Estate Investment has flowed while construction starts. Bell 3. 2 percent in january through august compared to the year earlier. And while the overall Housing Market is taking a beating the micro story here is that one of the very large property giant, a company by the name of china ever grand group, ever again is one of the worlds most indebted company. Theyve seen it shares tumble more than 75 percent this year. A low with concerns that its failure could draw the entire market down with it. The 52 Stock Lippo select index is mostly made up of real estate comes, is based in mainland china. It is dropped 23
Boom, but the one business show you cant afford to mit Branch Bore and im rachel blevins in washington coming up. China as ever, grand group is falling behind on promises more than 70000. Investors will take a look at why the chinese government has yet to step in to say, one of the worlds most indebted company. Then we take you to the numbers from the worlds largest economy. As the United States retail sector got a booth in august, the fight negative forecast will analyze the number and how the nation is bearing amid the spread of the delta. Very lot to get to lets go and we leave the program with something you may not have heard too much about in the media. There are major economic tremors in china right now surrounding the Housing And Property market. This is an issue that consists of 2 stories, the macro and micro. So heres the macro in august of 2021. Chinas national home sales have fallen in value tumbling 19. 7 Percent Euro for a year. The largest drops and april of 2020. At the
Edition of fast money coming your way, all about the fed effect how taper talks and Possibility Rate hikes impact everything from your grocery bills to buying a house we break it all down starting at 6 00 p. M. Eastern. And we start this hour with all of those fed headlines that sent markets soaring. The S P and Nasdaq Closing at new records, jumping more than 200 points as Jerome Powell seemed to tamp down any expectations for raetz hikes lets get to Steve Leishman in Jackson Hole this year. Fed Chair Jay Powell said out right he expects the fed would start tapering later this year if the economy continues to improve. But he left himself flexibility but not offering a Specif Month or at the beginning of the taper. He said inflation, it iS Past the test to start tapering and employment on the way to a passing grade. The outlook for the Labor Market has brightened considerably in months after faltering last winter, job gains have increased over the course of the year and now average 832