Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. Im Brian Sullivan thanks for joining us. Youre coming off a 767point drop for the dow yesterday that was the biggest drp of the yea year at one point the markets were down nearly 1,000 points we came back a bit futures are slightly higher. At one point down 950. The currency manipulator tag that trump threw on china last night could rattle the markets again. China making a move this morning to firm up its falling dollar setting a peg to keep it from dropping more. Which has futures bouncing back a bit. We are up right now 73 points. S p and nasdaq, i get it, cold comfort. We lost 760, were up 66 still we are in the green, at least at this hour were not seeing a sell followthrough in the markets. Heres what were coming off of yesterday. Every dow stock fell the average decline of a dow stock, 2. 7 . 12 of the dow 30 fell more than 3 the dow is now 6 off its july highs. The thing drivin
Not participating. He reports suggesting iphone sales in china have been disappointing, even so every sector today out of the smp is higher, its been a broadbased rally, even as Interest Rates have crept modestly higher. There is your sector heat map, a look at whats going on inside the market. It does take us to our talk of the tape, rally on, or rally soon over. Lets ask hightower stephanie lee, shes here with me in Beverly Hills, also a cnbc contributor, how about that question . Do we rally on, or is this rally seemed to fade . I think we rally on. Seasonally youre in a strong position, theres that, secondly i think the people are coming to grips with inflation has come down, made a lot of progress. Weve got cpi last week, we are a far cry from where we were a year ago, we are almost 12 inflation in ppi and 9 in cpi, and today we got the empire state number, prices paid, that came down. Inflation is still strong, still high, however, were making progress. I think rates have stabili
The green, and tech continues to rebound. Nvidia, back above 800. We will show you some of these mega cap names. Meta, microsoft, alphabet, green, as well. They report their earnings over the next couple of days, that will be big. Tesla reporting tonight it, too, is struggling mightily this year. And the russell 2000, yes, it is up nice again, too. Yields have stabilized. And by the way, on that note, coming up, we will ask former fed chair Richard Clara to when the fed will cut rates, if at all this year. This does take us how to best move in this market. Lets ask our chief investment strategist with charles schwab. Good to see you back again. We had this nice move over the last couple of days. Do you believe in it . How you feeling about this market . The market got a little bit oversold especially in areas that had taken a drubbing and Technology Sector dropped to only 10 of stocks trading above a two day moving average. I do think that enticed some buyers, not to mention the earnin
Protests against the eric gardener decision. Good morning to you. Welcome to Al Jazeera America thank you for joining us here. Coming to you live from new york city. Im Morgan Radford. More than a Million People are in search as a powerful typhoon tears through the philippines. If brought howling winds, toppling trees, and power lines, and cutting off communication. Its the same region where thousands were killed by haiyan ears ago. Reporter this is edison napping next to the radio his familys connection to the outside world and news of typhoon hagupit. Edison and his mother are here with 1,000 other people, huddled in the hallways of this government building. Mostly women and children came from villages by the provincial capital. Three families from my coastal village came from the shelter. We evacuate for every typhoon, because the house may be blown away. Two days before making landfall thousands were directed to shelters like this. With a typhoon like this, the governor says its ab