Crude rolling over yet again. The outlook stable, but nonetheless, crude may be reflecting some demand fears. You the days market moving news from around the world. Joining us from hong kong is caringly is caringly is karen leigh. The city is cleaning up from the get another weekend of violent seventh ead of the ahead of the 70th anniversary of communist rule in china. chinese president xi jinping spoke just a little bit ago. He said relations between hong kong and the mainland would improve, and this comes even as prodemocracy protesters plan to offer a number of rallies tomorrow that coincide with the celebrations beijing will be rolling out for the anniversary celebrations. They will be attended by tens of thousands of people, so it is really going to be a juxtaposition between what is happening in the Chinese Capital and what is happening here in hong kong. Alix thank you very much. Unbelievable video from over the weekend. Now we want to head to europe. Credit suisses board is bac
Stocks getting slammed the dow falling more than 400 points locking in its worst twoday selloff since brexit the dow hovering around 26,000 these 1 selloffs are a rare occurrence since the last one on september 5, its up a whopping 2 20 . Just in case you got selloff amnesia. Merriamwebster define passeloff as a usually sudden sharp decline in Security Prices accompanied by increased volume of trading. This this be your best chance to buy the dip . Doesnt this feel good . This is something that a lot of people have been asking for. Youve heard the stats, we havent done this since brexit bottom line is the base i think remains very much intact in terms of the Global Economy, in terms of earnings that have been largely extraordinary. An upgrade cycle that would have existed even without a tax deal. Were going to get 12 , 13 ep growth on the s p. Now weve upgraded three or four bucks when well probably upgrade 15 bucks based upon taxes. But do you have to jump in and buy tomorrow i dont t
But it could come at a little bit of a price. We start off with the markets here. We had an interesting move, negative yields around the world, the tenyear german bond yield going below zero for the first time ever. Tim . Yes, i get it within the european union. We talked about this, other places to trade if brexit happens. The periphery was selling off in yields. If you think about what happened in the u. S. Bond market today, we got very close to the february 11 cloes on the tenyear. And then traded back. Interday it was ugly. Same thing with the s p. Ultimately settled at the important 2075, 2076 level. Ultimately i think markets right now are digesting the fed. Even if the fed is out of the picture for tomorrow. Yes, they are. Theyre going to make a statement. I think this is something thats going to inject more volatility. This is the fed and not about brexit next week. I think its the entire mosaic. I think when you talk about equity volume here in the u. S. , people talking abou
From 770 to 1,000. They see e strong trajectory from the retail to cloud. They say that amazon is so profitable, it is harder and harder for the company to find way t ways to spend all of the money. Separately, amazon announcing a youtube competitor called video direct, dennis, which has some irony in it, because just when the analyst says that they have run out of things to invest in, and here is a brandnew thing to invest in. I have known that jeff bezos for over 20 ways will find a way be it drones or videos. You cannot deny amazon as of late. The store riff to success is about the aws, the amazon cloud services, and if you are looking at the growth from that business, and the last quarter, they drew about 15 of the revenues and had about the same amount of profit as the rest of the quote, unquote amazon. Here is my predick is shun for you, at some point the performance is so great they have to spin it off as a separate company. That is interesting, and people would disagree with me
Situation very closely. He will have to make the final decision on what to do next. But he did admit the french authorities did know ta these attacks, attacks like this were a possibility. Well continue to update you as things progress. All right, hadley, thank you very much. We will continue to follow in this morning. Obviously, this is a rapidly developing situation. Michelle Caruso Cabrera is back at cnbc headquarters and following these developments as well. A little more we can add to hadleys reporting is we believe they are holed up in some kind of print works. Thats what reuters is reporting that large building that we see there, its not quite clear what that is. It is a small town of only 8,000 people, but its an industrial down. One of the wires interviewed a plumber who lives several doors away from apparently where the situation is unfolding. He said this morning, he did not go to work because he heard gunfire and then the municipality has posted on their website that everyo