Fear Trade News Today

Oil jumps with ‘fear trade’ after Hamas attack, big banks set to kick off third-quarter earnings season, and other news to start the day.

Peloton got an upgrade from BMO. JPMorgan also upgraded this airline stock.

But now, look, its cut those losses in half. i think this is encouraging. youve had 500 points of loss for the dow this week alone. thats horrible. thats retched. another 150 points right now. but it was much worse. >> its not good but it could be much worse. as you look at the dow 30, some bright spots. >> some are turning higher. i think this is showing you its not just indiscriminate selling across the boards. thats what we saw 12 hours ago around the world. a fear trade, john. buying gold, b...

Peace. they like to see profits growing and economic growth. in the beginning of the year all of those things are thrown into question. north korea the most recent example. so dow jones down sharply. and the s&p 500. the stocks in your portfolio likely resemble those. and these are milestone kind of numbers to start a new year. you also have slowing china growth. the catalyst at the beginning of the year a couple of days ago and rising interest rates in the u.s. so these three kind of fear facto...

Night and that capitulated into what were seeing so far this morning. european markets will close at 11:30. asian markets are already closed. sometimes we can see things level off after that point when were not being fueled from someone else overseas. right now, a fear trade happening now. >> it was 2008 when we had the previous largest drop in one day. that was 777 points. were now down almost 1,000. courtney, stay with me. i want to also bring in gordon chang, forbes magazine. gordon, talk to ...

in spending that weve already cut from the budget, our plan makes additional spending cuts that need to happen if were to solve this problem. we reform agriculture subsidies. subsidies that a lot of times pay large farms for crops that they dont grow. we make modest adjustments to federal retirement programs. we reduce by tens of billions of dollars the tax money that goes to fannie mae and freddie mac. we also ask the largest financial firms, companies saved by tax dollars during fina...

During the volatile trading session during the afternoon so that dropped basically 700 points in 15 minutes. we went from down 200 to down 900. they said it wasnt because of a glitch in the system. whether program trades or a backlog as art cashin talked about, whatever the reason they are saying it is not a mistake in the system. i just wanted to give that according to reuters to people at home. >> okay. what about the procter & gamble sell-off? how much does that have to do -- i mean, thats a ...

Oil, gold, everybody become worth less, why? >> the fear trade, the risk-on trade, people have a tendency to panic when they dont know whats going on. you dont know how to discount the impact of a possible nuclear meltdown in japan. its too random for anybody to figure out. we advise people, have a plan, execute it, the time to worry about where the exit roads not when the wings are falling off the plane but in advance. if youre reacting to this, youre making a bad decision. >> ralph, what is th...