Start to september. Stocks were pummeled to the tune of about 3 today as a new month did little to quell concerns about china and the Federal Reserve. You know that story. Lets take a look at the damage. The dow industrials fell 469 points to 16,058. Nasdaq shed 140 and the s p 500 gave back 58. Its the worst start to a september in 13 years. Bob pisani has more on todays selloff. We fell 2 in the open and we stayed down. You can blame it on chinas pour manufacturing numbers if you want, but the number was this line with consensus. The whole market was down roughly 3 . This line with conse. The whole market was down roughly 3 . Want, but the number line with consensus. The whole market was down roughly 3 . Industrials down 2 to 3 . Commodity names all have international exposure. But telecom and utilities . They were all down 2 or 3 as well. They dont sell to china. And how about the regional banks . Theyre all down 3 or are more as well. Sun trust doesnt have business in china. There
Yesterday. Oil Services Provider cut in half today down more than 50 . And the implications of why this stock is tanking may be much bigger than just this company. Right . Thats for sure bill. You can read about the man camps that they have built. The big activist investors, the fact they have wanted to be a reit and didnt happen. Perhaps a tax inversion candidate. That didnt happen. Touches on themes of 2014. Most notably, the drop in oil. Coming up another twist in the sony hacking saga. Now, serious doubt among many in the industry that it was, in fact, north korea behind the attack. Some say its a laid off sony employee. Why was the fbi so fast to point the finger at north korea . Who has it, right . I love it. This could make a good movie right here. Would you share your car . Not once in a while but every day. Our Andrew Ross Sorkin thinks this is the future for america. Andrew will be here to explain in a few minutes. Im not big on it. Are you . On the idea of car sharing, bill
Of colors and the sun is coming up. The temperatures have been dropping with thirties and their filled in vallejo and santa rosa is off to 37 degrees. Local in the upper 40s census got at 54 degrees and 42 down in san jose. We are anticipating slightly warmer conditions looking ahead we armaghs trying a series of storms heading in our direction. It is a significant amount of land as we headed to the weekend. It also your seven there, before cab will for now will see how traffic during george 19 great were looking at extremely light traffic on all of the bay area freeways as we hoped we would see. At the bay bridge toll plaza you can see just how like it is even though the meeting last activated later than usual high and are still on and possible that we could see them turned off to traffic continues like this. However there is a problem in the north bank and is up in santa rosa 101 the file where a person was shot and killed on the roadway possibly by more than one vehicle because the
Was going to be out of the office and any questions had to emailed to him. We have not heard back after sending that email. Newe waiting for any information as authorities could perhaps elaborate on this connection, to find out where the search for Hannah Graham. A lot of details, a lot of infoation still being released. The latest tonight at 5 00. Until then, live in jeff goldsburg, abc 7 news. You may recall the forensic evidence in the Morgan Harrington also had a possible connection to a rape case in the fairfax. Jennifer has been investigating that connection. The live us now from desk. Leon, this particular case youre talking about goes back years ago. Having met and interviewed Morgan Harringtons parents through the years, your heart them. Reaks for but at the same time, theres a sense of relief. But youre almost afraid to say, okay, this is it, finally we have answers for that family. Can you imagine not knowing what to your daughter, not knowing who was responsible . It might
Lets go to Energy Trader phil flynn at cme. He is also a fox business contributor. Phil this is significant right . It is very significant. What it is sending a message to bearish traders that oil prices can go down and they can go up. People have to realize, we significant change in the fundamentals when prices crash. Billions of dollars of Capital Spending cuts, rig count cuts. And now, u. S. Production falling. And that is one of the reasons were really seeing this market turn around. Melissa a lot has to do with libya as well . I think libya is definitely the factor propelling us higher but there are other factors behind it as well. That data we saw out of europe earlier this morning about how strong their economy is if you remember, melissa when oil prices were crashing one of the reasons was that european oil demand was nonexistent. That is really going to bounce back in a big way. That takes away one of the big bearish arguments weve seen. On top of that we do have an increase w