Up th andeis going vix is going up. At 2. 13. Res are lower crude is 92 which is low. In spite of the headlines coming out of russia and iraq and syria, oil is down because we are not growing to the extent we were. The supply issues in the u. S. , we have plenty of it. Lets go to the russell 2000 index. This is a 10 year chart. You can see would get annualized gains of about 4. 8 which is better than the s p 500 but here is that correction. People warned that that might be the canary in the coal mine for big caps. Start in weve got small caps down four percent and you look at in hart can we bring i want to show you on the 10 year chart, this is the scary thing we are seeing. In the long term that is not scary. That says we can go further down. Our twitter question of the day is the u. S. Stock market on the verge of a correction . You can tweet us. We dont want to be alarmists. It has been three years since we have had a correction of more than 10 . Some people say we are a long way of
As for earnings central, mcdonalds results will be in the spotlight. 8 00 well expect those numbers. It will be a busy week on the economic front. A number of key numbers. The september jobs report. Thats right, on tuesday we get that jobs report we were supposed to get a couple of weeks ago on a friday. Also, well get last months Consumer Price index and then september cpi on wednesday. Our economic newsmaker of the morning on squawk box, Charlie Evans will be joining steve leaseman in a cnbc exclusive. Joe. Thanks. Back to our top corporate story of the morning. Jpmorgan coming up with a settlement. This is mandatory reading. Im going to talk about it later. Well let you do your report and then well talk about what it means. And then we can go for it . Then we can go for it. After weeks of tense negotiations with the government, jpmorgan appears to be very close to a resolution to the tune of about 13 billion, which is a bit more than expected originally. In a phone call friday night
She makes her first appearance since she got her new post. And the french president is set to talk trade and iran with barack obama as the two get down to business. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A warm welcome. Miss yellen is on the agenda. In the spotlight. Its not officially called that, any more. Not the old hump. Other things on the show cat walk cash. That would be you . That would be me. We find out what the top trends are in new York Fashion Week. Glencore ex strat what has posted higher output. We got chinese copper prices down in twomonth lows. Well have a discussion on that. And were talking about this yesterday, nestle cuts back its stake in lori el. Well get all the details from paris. But first, barclays shares are lower after earnings came down to 5. 2 billion pounds in the Fourth Quarter. The bank says its still increased its bonus pool last year. At the same time, the bank says it will cut another 12,000 j
Seen with Global Markets overnight. Asian markets suffering huge losses in mondays session. Take a look at shanghais benchmark index down 8. 5 on the day. European stocks plunging as well. Its shaping up to be an ugly day on wall street. We have Live Team Coverage cnn chief Business Correspondent Christine Romans here with me in new york. In hong kong we have Andrew Stevens. We begin with christina live on the floor of the new york exchange. What you hearing . There are two things that drive the market fear and greed. Fear took over. Investors watched indexes around the world plugged with specific focus on china, there are lots of concerns. As you said, 8. 5 drop. The biggest since 2007. That is a huge hit again, sparking concerns that i think for the average person this morning theyre starting to wonder what does this mean for the u. S. Economy . What does this say about the u. S. Economy . And what were talking about there is really fundamentals and the u. S. Theyre pretty strong. We
Its 3 00 a. M. On the u. S. East coast, and good to have you with us. A massive protest in hong kong and the United States is getting the blame for it. A day after hundreds of thousands of demonstrators took to the streets, as you see there, Chinese State media say the u. S. Orchestrated it all because of the trade dispute. But trade is not the reason why so many people came together. Demonstrators came out in force protesting a bill that they fear gives the Chinese Government too much power in hong kong. The legislation would allow criminal suspects, and that could be defined broadly, criminal suspects to be sent to Mainland China from hong kong. The protests were mostly peaceful but some clashes did break out during that time. Authorities say at least three Police Officers were hurt and several arrests were made there. The citys chief executive, though, is promising to push ahead with that bill, but a prodemocracy lawmaker, in fact several of them, say it is time to get rid of it. Li