Global commodities crush. And tracking the big storm. Hurricane Joaquin Phoenix may miss the east coast. Were not out of the roads yet. Stocks wiping out the big losses there this morning. The dow was down as much as 258 points earlier. Now its up by 44. The s p by 5. Lets get more. Whats behind the turnaround, bob . Initially, the trades cant decide if bad news is good news again. I want to show you what happened. Take a look at the s p 500. We dropped more than 20 points on the future. We gapped down at the open for the s p 500. I think europeans look to the u. S. For growth help, they initially thought that this might be good news. It wasnt. They, too, also sold. But then, things turned around. If you put up the s p intraday, we had a series of strong rallies about 10 15 or so. Every ten or 15 mine out minu, spikes. You cant see the volume here. The dollar is notably weaker. Thats a big help to global multinationals. E emerson, dover. Inger solrand. Were seeing the Building Products
Here are some of the stories were following right now. Emily held on 1 million bail. The man accused of shooting a Boston Police officer last week faced a judge today. Grant headley was arrested friday shortly after the erika also in court, the man charged with murder in the death of 2yearold bella bond. Michael mccarthy will stay behind bars, held without bail. To figure out what caused an Early Morning fire in gloucester. One man was killed in the blaze. The man suspected of shooting a Boston Police officer in the leg will stay behind bars for now. Erika the judge set a high bail at his arraignment this morning. Newscenter 5 s Todd Kazakiewich is live outside the courthouse in dorchester with the details. Todd . Todd this case began with the defendant allegedly selling 20 in crack cocaine last tuesday, the case ended with the defendant grant headley allegedly shooting a Boston Police officer last friday. For 1. 5 million cash. Several dozen Boston Police watch the arraignment of 27ye
The labor market. I heard comments such as wishywashy, you know, maybe she moved back to the center, it wasnt nearly as dovish as it could have been. They dont knoech. Theyre saying it wasnt hawkish either. Weve seen those before. Instant reaction just ahead from pimcos bill gross. Were going to find out what the man they call the bond king makes of todays comments from the top two central bankers in the world. Cant wait for that. And just when you thought your privacy couldnt be violated any more, comes word that if you have gmail on your smartphone, there is a weakness that allows malicious apps to obtain your personal information only more than 90 of the time you heard that right, more than 90 of the time. Were going to talk to a Cyber Security pro to find out what, if anything, you can do to protect yourself. Right now, were watching markets. With an hour to go after hearing from both janet yellen and mario draghi, the Dow Jones Industrial average is off 27 points. Its hovering aro
Hour. Anything kand often does happen in the last hour of trades. Stay with us. Well bring you all the details as they play out. It will been exciting close. Joining us ken mahoney, joe hider, Steven Parker of jpmorgan and lynn siindsey bell and our own rick santelli. Weve seen a growth bid this week. I have been talking about it all day. Consumer discretionary, tech materials. Is this finally the year for growth . Its been dzefensive for a while now . I think its a great sign for the market. Last year was a tentative rally. We saw things like utilities and staples leading. As yields were coming down investors were looking for other sources of income. What weve seen over the last couple week those cyclical name, the tech names, Consumer Discretionary names are starting to catch that bid and thats a positive sign. Is this normal for this stage of a recovery . Were in year six. Had isntthis isnt a normal recovery. A lot of what has been driving this is the yield. A lot has been focused o
Elimination of a single word. Patience. Will the fed lose its patience . Will it stay in the statement . Will it be gone for good . What will it mean . Will it mean another taper tantrum in the markets. Also high on the agenda this morning, everything else. Look at the tenyear note theres the yield at 2. 05. Gold down just a little bit. West texas up just a little bit. And the euro lower. It just takes 1. 06 now to buy a euro. Mandys out. And as i mentioned, sarah joins us from the nyse. As you mentioned, all ten s p sectors are actually red today. Materials, consumer staples, and energy getting hit among the hardest. Bob pisani down here ahead of the fed release tomorrow. Lets talk about those Energy Stocks that made a turnaround. Its very hard to put together two up days. I want to show you the s p 500, where were coming off of the bottoms, but not by too much. Were still in the red. And as sarah mentioned, its energy that you want to watch. Now, this happened yesterday and its happe