Well, tha a big question a big meeting on capitol hill tomorrow may give us some answers perhaps the fist big test of the new year will come from iran. Deadly empty government protest there, least 20 people reported dead calling those protesters, quote, enemies of iran. Big day, of course, as we kick off a new year 218 is here and Varney Company is about to begin. Well, have you noticed unless you live in very southern, florida or out on west side in california it is freezing outside frigid temperatures continue to grip wide swaft of the country from pink and purples youre in deep purple youre in deep cold. Heres that weather map where windchills bundle up we mean that is obvious isnt it and snowstorm by the way, is brewing we are told off the atlantic coast. And if it it pushes east it could be a major storm up and down i95 corridor, oh boy looking forward to that. Or more for us on that, potential storm about three minuteses from now. Lets take a quick look at the stock future for yo
Although the big story is about this rout. We have the number Commodity Index near a 13 year low. 13 this year. If we look at individual commodities, and little bit of discrepancy. Rent crude brent crude trading below 50 a barrel. Gold recruits some of its losses from earlier. Investors very bearish. Goldman sachs saying it made below 1000 per ounce. Copper heading into a bear market. Lets take a look at our commodity currency. Climbing from a six year low. After the rba held rates at a record low. Back to you. Mark jonathan lets get to the asian market rout. Thanks john. A very good morning. A look at the shanghai composite. That is what we are doing today. Three clock p. M. In hancock and how kong. The. 7 . That is a 4. 5 swing. For any other market, that would be the best day in years. For shanghai, we know how wild things have been. That is the best day in three weeks. 3756. This is despite this new rule in play. Making it harder for you to profit from short positions. Another thin
Donation of 1 million. The details on his report at least initial 6 billiondollar request. Harvey wrecking havoc on the energy sector. Gas prices surging long lines forming at the pump. Major impact ahead on the busy travel weekend coming up. Futures are showing gains across the boards, dow, s p 500 and the nasdaq there, the dow and s p up in august, that was the fifth straight month of gains and the nasdaq up two months in a row. The nasdaq closed at alltime high yesterday. Investors, of course, eyeing the august jobs report due two and a half hours from now. Economists are expecting 180,000 jobs were added last month, tun employment rate Holding Steady at 4. 3 . We will bring you special coverage of the job report beginning 8 00 a. M. Eastern time. In the meantime, in europe lets check stocks there, england, france and germany we have gains across the board firing on all cylinders around the globe. In asia overnight markets were mixed with nikkei and shanghai heading higher. At home
Say they were hit by the firms thirdack as on the expectation of more. We will be in beijing and china. In tokyo to see why japans biggest banks are forecasting a fourth straight dip in profits. Washingtonwill be in as the of work continues over President Trumps dealings with russia and james comey. This is daybreak asia. I am betty liu. Betty liu in new york, where it is just after 7 00 p. M. Yvonne it happens to everyone. It is just after 7 00 a. M. In hong kong. I am shery ahn on tuesday. I have got to say, it is a live it is a live day. Nothing, to be honest, as as whatg happened in the u. S. The s p 500 is close enough 2400. Betty maybe because there was also a lack of Economic News or any really comments in the fed that investors went back to focusing on some old standbys, which, for instance, oil prices. Oil prices routed. And Energy Shares zooming higher. We also saw it on the nasdaq as well as the dow, closing up. It sets us up very nicely for gains in asia. Shery let us see h
Apple also now putting the correction territory in its rearview mirror. Plus the Company Announced it has approved its 1 millionth iphone app today since the phones 08 launch. 1 million apps. S p pretty stunning, big jump here, erased all of last weeks losses, lifting back up to 200 day moving average. Bullish investors are looking for it to close above that level today, if it does so, we will see what happens tomorrow, but certainly would be a good sign for the bulls. And so beyond optimism about a budget deal, what else was out there . The market got a push from a pair of housing numbers, to its highest level in more g than six years. You can see confidence in some of the homebuilder stocks here. Housing names rallying on the news. Plus existing home sales beat estimates. Weve got crude oil rallying but not on good news. Look at todays sharp jump. Its a manifestation of tension between israel and hamas and the rocket battles over the gaza strip intensifies. The uncertainty no doubt s