Getting hit the hardest, financials. The explanation there is the tenyear yield drops to lows. The low we are watching now is 217. Thats the low point of the year. We last hit it in april. There is clearly a flight to safety and out of some of the groups that have been winning the most, technology. Apple is one of the worst performers in the dow. In the dow. I am interested in how badly semi conductors are doing. Amd down some 8 . They didnt get more details on Gross Margins out of a company meeting. Invidia down 4. 3. Applied materials down 3 plus. These are significant moves in those stocks. I dont know if there is something bigger than the negative we have going on. Amd is up 209 in a year. A lot of people may look at their gains and said, im good. Ive got to go. I think the question people are going to have to ask is does the noise become so serious it ultimately impacts earnings and the economy, which is what this market has been moving on and what has propelled it to record highs
Attack on a university there detonated bombs as Security Forces stormed the campus. And items recovered from a 19th century turkish ship that went down in japanese waters have completed their long journey home to istanbul. Chinese authorities have indicted former politeboro member zhou yongkang. Hes the first former member of the countrys top leadership to be charged with corruption. Chinas staterun Xinhua News Agency prosecutors indicted zhou on friday or bribery, abuse of power and intentional disclosure of state secrets. They claim zhou committed grave crimes. He exerted huge influence as the Ranking Member of the Politburo Standing Committee until november 2012. He was a leader of the socalled oil industry faction and known to have close ties with former president jiang zemin. The indictment is part of president xi jinpings ongoing anticorruption campaign. The Party Leadership has pledged to go after what it calls both tigers and flies. Meaning that it intends to prosecute corrupt
Im francine lacqua. Were just getting some breaking news. This is the i. F. O. Just breaking in line with expectations. The expectations for the future are a little bit higher. Germany is strong. They are certainly outdoing french. You look at the p. M. I. Numbers. Not difficult. You got some 47s from france and mid 50s from germany. Another piece of fairly strong data, pretty much in line with expect aations. A little bit of weakness maybe at the fringes but nevertheless germany still showing signs of strength. We have a guest hose for you this hour, jim oneill. A columnist for bloomberg view. Very Quick Reaction on this i. F. O. Number. Going strong. Actually the latest i. P. Numbers were not so great in germany. The surveys are strong. The Current Assessment is it is not the first time Current Assessment disappoints. It has gone on for a long time. Kind of boring. Lets move on. Our markets editor, manus cranny has more on how prepared the markets are for a possible december taper. P
To the end of the trading day and the trading week, it was down 3 last night, the futures were down when they looked at the collapse of plan b from john boehner it has improved dramatically but you cant put too much lipstick on this, a bad day on the markets and the s p down more than the dow. And nasdaq the big loser down almost 1 , russell 2,000 not too bad, down 1 2 . Liz you might be ready to hop on planes, trains and automobiles the travel stocks not moving quickly, theyre underperforming on one of the busiest travel days of the season. Expedia closing lower after announcing plans to buy 61 of german Hotel Bookings sites and lets look at price line, trip adviser, orbits in the red, down 12 . Dave gold was hit bad for the whole week down 2 , it was up not quite 1 but 11 gain on gold ending at 1,657 for a troy ounce. Liz gold closing 2. 2 , worst quarter in 2008 and Energy Stocks falling as oil drops 1. 6 , a settlement below 89 a barrel. And the huge giants like exxon mobile, chevr
Key to ending the crisis. If we had a vaccine, that would be helpf fulhelpful. When can americans expect a breakthrough. Plus, devastating tape. Two georgia men arrested for murder months after a deadly shooting. Why did justice take so long . Atlanta mayor is here. Im jake tapper where state of our nation is confused. The grim mettics come as states across the country are beginning the loosen their restrictions and President Trump is urging americans to start resuming normal life but the administration cannot get control of this pandemic within the white house. Late saturday we learned three top members of the White House Coronavirus task force, dr dr. Redfield, dr. Hann and dr. Fauci will go into some form of kwar quarantine theres two confirmed cases among white house staff members. While we wish them a speedy recovery, its worth pointing out the white house benefits from surveillance testing and Contact Tracing. Working hard to contain the spread at 1600 pennsylvania avenue avenue