Points overnight in asia, the nikkei hitting 26year highs during the trading session. Market ended up by over a half percentage point to 23,849 in europe this morning green arrows there the dax up is up by 0. 2 in france, the cac is up the ftse up over 0. 1 . Yesterday the yield on the treasury closing at 2. 48 . This morning the tenyear is yielding all the way up, almost 2. 496 stocks to watch today. Samsung is forecasting a 64 rise in Fourth Quarter profits on continued demand for memory chips but that guidance is below analyst estimates. The strong yuan and yearend bonuses hit results. Samsung will report detailed earnings at the end of the month. Shares of altice are higher after the Company Announced plans to spin off u. S. Operations the Telecom Provider will pay a 1. 5 billion Cash Dividend prior to separation and launch a 2 billion buyback of u. S. Shares after the spinoff. British American Tobacco says the new u. S. Tax rules will boost earnings by 6 in 2018 the changes will a
Exchange on cnbc. Im wilfred frost. A quick check on futures pointing lower once again. We were down in the high 200 points, just above that now in terms of declines, down 302, crossing that 300 mark the s p down 25 points nasdaq down 68 crazy day yesterday. We crossed the flat line many times throughout the session well have more analysis on that in a moment. First breaking news, steve wynn is out following allegations of Sexual Misconduct. Contessa brewer is live in carson city and has been covering this story for us what is the latest this is really sending a tremor through the gaming industry in nevada a pivotal inflew he weew influel leader is resigning. He said in the last couple of weeks i have found myself in an avalanche of negative publicity, i have reached the conclusion i cannot continue to be effective in my current role the fact he is resigning from his role as chairman of the board of a company he founded shocked those who are close to him. I spoke to a source who said t
Welcome, as tyler set, stocks bouncing back from the work week in two years, the dow up, the action in the bond market yields on the benchmark tenyear coming back to fouryear highs, justened 3 . Perhaps thats spooking investors in consumerrelated stocks, some retailers are sees losses, it is, though, a full steam ahead. That stock is higher after raising the different. No whopper here. Burger kings parent bead the street courtney, welcome. The do you soaring, the s p 500 back above its average. Bob, what is going on here today . Actually its time for the point moves, look at the sectors here, the old growth sectors we used to talk about, reits are down, thats not surprising, but lets look at the markets. Breadth is good. 5 to 20 advancing to declining stocks, the volume, believe it or not, just average weve had enormous volume in the week and a half, volatility has been dropping today, a bits unusual. With the peak gains today, the three major averages have recovered nearly half of the
Yesterdays record drop played out. This is a time lapse video of what happened with the dow down 200, down 300, down 400 as you got closer to the end of the day, down 1600 points almost at one point by the end of the session, 1,175 point decline. Decline of 4. 6 . This is the biggest point drop in history add it up, the dow traveled 5100 points yesterday down 4. 6 does not rank in the top 12 or 15 declines weve ever seen the biggest decline was october of 1987, a 22 decline this was enough to get peoples attention. The dow and s p lost more than a third of their 2017 gains just during the last two sessions if you were wondering what else was going on behind the scenes, volatility this was the big story volatility is back yesterday we were talking at this time about volatility being up at 17 that was a big deal. By the end of the session it was above 35 for a gain of 115 . This morning you see volatility up once again, another 14 this morning, 4262. Mike santoli, this is something that
Andy cohen joins us for a candid interview that could have hollywood and wall street talking. A wild day on the markets. Stocks surging 200 points before reversing lower triple digit and turning around and ending at a record high. At the center of the moves today, the dollar. Its crazy look at it its more of an interpreted chart but thats the dollar going lower and lower. The action today coming after conflicting signals from the Trump Administration the us what did clarify saying they believe in a free floating currency, which traders took as a bullish signed traders had only one question today. How low can it go. Is it about to go from tail wind to head wind for stock pete was that you in the video i to not do that. My knees. Okay. I think it has more to do with the velocity. The velocity of the moves though i think is what really matters what is really interesting is the volumes that weve seen so far this year. I was talking about that last week a little bit, too but it continues th