It is just past 9 00 a. M. In australia. Betty its after 5 00 p. M. In new york. Im betty liu. We have breaking news right now. Exchange,ptocurrency japans Financial Stability agency, fsa, will be issuing an improvement order to coin check on monday. This is according to the nikkei. This follows that fascinating story that arrested on friday evening wear coin check, essentially came out and said they were packed. A group of hackers took 500 million in Digital Currency out of the cryptocurrency exchange. Really, a story that highlights how risky it is to be in the cryptocurrency market. Risk in a litany of risks if you are a crypto there. It unveils how much in terms of the propulsion of cryptocurrency around the world are being stolen by hackers. This is one of the biggest heist in history. 500 million worth of digital tokens per you can argue whether that is real or not, given the rise and fall of bitcoin. Still, another risk to think about. Exactlyour money, not safe and cryptocurren
At 4,994, close to 5,000 obviously. At 1,249 is where you find the russell. Bob pisani is at the New York Stock Exchange. Janet yellen is giving her prepared speech in cleveland. Have we seen any kind of reaction in the stock or bond markets . It didnt have to be because the whole world gapped up at the open. I would say modest reaction but no big surprises in her commentary. Important thing is what happened overnight. Were 51 almost advancing to declining stocks. Its been that way almost the whole morning. Tech materials, consumer staples, financials, all the riskon group here everything is up 1 because the whole world went up 1 . The s p 500, we gapped up 20 points at the open. Thats really rare folks. Thats 1 right at the open. That was on greece. We surged overnight when the details on the greece talks came out and they were offering concessions, at least from the greek side. It even happened more strongly in germany. We had a 2 gap up in germany. You can see the Straight Line ther
The s p 500 is down half of 1 . A 125 point drop. 5059, the market is pricing in the events in china overnight. Olivia same story all year, the market moving sideways. Some of the top stories we are watching at this hour crossing the bloomberg terminal, another big takeover in the health care industry. Hassraeli drug manufacturer agreed to purchase allergan and its generic drug company. Teva with jew its hostile offer for another drug withdrew its hostile offer for another drug maker. Financial, 2. 2 billion in cash, they are the parent of Standard Poors owned by new mountain capital, members of management. Matt orders for durable goods came in higher than expected last night. The first time in three months there had been a rise in orders. The Paris Air Show was during that time. 13 corporations are investing at least 140 billion to reduce their carbon footprints. Including apple, goldman sachs, and berkshire hathaway. They have pledged to cut in missions and water use and will agree t
A round of banks upgrade price target on facebook despite the social network spooking investors with its big spending plans. All right. Good morning, everyone. It is 10 00 a. M. Here in london 5 00 a. M. On the east coast. The s p 500 seen off by 4 points the dow jones seen off by roughly 10 and the nasdaq lower by 8. 6 points. Were higher for the second straight session closed out the highs of the day, the dow and the s p up by 0. 7 each. We were pretty much unfazed by the fed. Once again held by the rebounded in oil, Energy Stocks doing very, very well. I want to show you whats again on with European Equity markets. We are modestly higher no huge gains. Weve had so many earnings out this morning. By and large, they were better than expected. Jpmorgan saying the proportion of Companies Beating earnings estimates is the highest since they started compiling that data since 2009. Go figure. The xetra dax higher by 0. 2 the ftse 100 also up by 0. 3 . That means were good at revising lower
Nearly 3,000 coming just in the first 90 minutes. The blue chip index closing down more than 500 points for the second straight day and over the last three sessions the dow and s p are down nearly 9 and the nasdaq is off almost 10 yesterday alone 685 billion is lost among market cap in s p 500 companies. Thats 100 billion more than apples market cap. If they dont tell you enough about the volatility check out the vix. Moving above 50 intraday for the first time. Check out the front pages of some major newspapers around the world today. Youre looking at sort of a full list of whats going on in virtually everybody touches on the market above the fold. Like the bear there on the New York Post . Wild. And the guys a lot of times the photographer is waiting and he may have a scratch here on his eyebrow and looks like hes stressed. I think they pose for them now. They see the photographer coming and theyre like that and just do that look. They want to be in the paper. Come on. Have you notic