Another big asian selloff. China losing 8. 5 in overnight trade and the hang seng in hong kong also dropping 3 . Japan a more muted drop but i think you get the picture. Europe falling as well. Germany and france bearing the brunt of the selling and the drop continues through the usa. We are off the lows of the day but as you can see the dow is moving to the downside by 133 points right now. The nasdaq is off by 46 points. The s p down by 11. The russell 2000 is down by nearly 1 folks, or 11 points. My old colleague now joins us with more on why china dropped so far, so fast. Reporter volatility returning with a vengeance to the Mainland China stock markets. Equities plunging more than 8 . The biggest oneday drop in more than eight years on signs beijing might be backing away from supporting the markets. Concerns over Economic Health soured sentiment further. Data show chinas industrial firms dropped 3 from a year earlier reversing a. 6 rise in may. Index heavyweights including china u
With dom chu and the steel horse he rides. Dom . Good, bad and the ugly. I feel like watching fistful of dollars and hang them high and also looking at dog in the photo as well but lets talk about the good, the bad and the ugly right now because in todays trade weve seen a little bit of all of that stuff playing out. On the good side of things, weve got transportation stocks. Havent been doing great as of late, but they are moving higher and as of just a few minutes ago 19 out of 20 members of the dow transport index all in the green, perhaps a good sign for those of you looking for positive signs and on the bad side of things, Consumer Staples, bad on a relative basis because they are still positive on the year, they have been and some. Stocks have been making record highs, some of the Consumer Product names so Consumer Staples, bad in todays trade. The worst performing sector so far in the s p 500 and on the ugly side of things weve been talking about it for quite some time, about th
Our Political Panel tells us if her highpowered standin can stop trump and the cringeful colin powell emails that just came out. The dow fumbled a significant gain, wed be lower if it werent for the sweet sales and rocking review of the iphone. The dow is down 11 points, lets start the countdown. Breaking news here, the market pendulum is swing all over the place at this hour. From the sea of red, 24 hours ago, that the very moment to a field of green and kind of a wild time for investors. Where will stocks land today . With less than an hour for the closing bell, the dow is struggling to hold onto gains, the s p and the nasdaq are in the green barely. The s p up 1 1 2 points. As i said the dow down 10, the nasdaq better by 25. We have to blame oil for all of this. The crude benchmark is tumbling for the second day in a row. Right now down 3 in the aftermarketed session. What happened . As we always get on wednesdays, a huge build not in crude but distillates, that is diesel, heating o
Alzheimers disease. Call your attention to one stock. Those would be the shares of biojin right now up 7 . Up 30 in the past three months at alltime highs now after releasing very encouraging data on an experimental alzheimers drug. Telling us about it at this time yesterday and shes now back with more detail. Hi, meg. Hi tyler. Incredibly High Expectations for this drug leading into today and analysts say biogin met and exceeded them. Shocking investors saying the medicine appeared to slow the cognitive declines associated with alzheimers and today how well the drug appeared to work both on memory loss and clearing of the am lloydoidloyd plaqued that build up in the brain. Next step, find balance between safety and efficacy. Results of early. Doctors are encouraged and important to note the drug was tested in patients at very early stages of alzheimers disease who might benefit if it reach ares the market. Next the Company Moves the drug quickly into a phase three study jumping over t
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