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Market. Shoots to the top of the French Market after they raise profit goals but spirits are low after the drinks maker warns of a tough climate due to softness in china. Case dismissed. A judge drops a lawsuit against barclays and major u. S. Stock exchanges clearing them of accusations of rigging markets for fast traders. Welcome to the show. Yes here on thursday stocks are sharply higher here in europe after a down day yesterday. The stoxx europe 600 off session highs but were up almost 2. 5 . This after stocks move sharply in the u. S. The dow Getting Better than 600 points. This after fed president in new york bill dudley says a september rate hike is looking less compelling. The fed set up a major policy move in the direction of hiking rates in september but given the weak Economic Data compiled with the weakness in ....
Weeks ago. Its not a market for the faint hearted even for some of the greats. Bill ackman and bill gross suffering amid market swings. And case dismissed. Theyre clearing them of accusations of rigging markets for fast traders. Welcome to the second hour of Worldwide Exchange. After five days of triple digit delines the dow surging 619 points. The s p 500 up about 72 at 1940. The big out performer in terms of percentage terms was the nasdaq. Still well above 5,000 but gaining 4 with tech and bio tech being the stand outs. Here in europe reminding investors how much the reset in the Global Growth picture can impact equity trade. Weve seen a lot of volatility over the past couple of days. Do you see a trend there . I think i do. Xetra dax back above 1,000 and still in correctioner the moy t. About 14 from its recent highs. Of course out of these four european markets german ....
Major averaging and europe has been open for awhile and well take a look there as well. Always like to know how spain and italy are doing. There it is. Very nice come back frooechb four hours ago very nice come back. Its lead right to ou fur r fut and this is a pattern that people refuse to understand. Ten year note yield crude oil also of course in the Market Action look at that yield. Vacation for a couple of weeks i guess. It was nice. You look great. Well rested. Thank you theres wti, 47. 5. Break that 50 mark. You do. Findings for gasoline is certainly in focus today given the tragedy in houston thats where were going to start. The devastation of Hurricane Harvey, 9 trillion gallons of water jumped on southern texas more on the economic and humanitarian toll. Plus uber gets a ceo meg whitman, well have some background there on exactly what went on. Yeah. Well you unders ....
In several feet of water. But we begin this morning with a look at todays eye opener, your world in 90 seconds. If you are venturing out on the roads for any reason, you are going to run into high water. That is a certainty at this point. Catastrophic flooding devastates texas. It is hard to describe the extent of the danger. Pretty terrifying watching that water come up, come in. So many needed to be rescued emergency crews could not keep up. Volunteers joining First Responders helping to pull neighbors and total strangers to safety. Im not even thinking about myself. Im here to help and want to d my part. The National WeatherService Calls the flooding unprecedented and beyond anything experienced before. This is a landmark of texas. Texas has never seen an vent like this. Trump has convened an all cabinets meeting ....
Another 1 in europe, the impact of the euro, now it is 1. 20 yeah. Most of it happened friday i cant say it was that much of a move, felt like the cap stone of a huge move it was almost a parody earlier this year. Now at a buck 20 theres the euro, 1. 193 it was 1. 17 and change, just under 1. 18, then went up to 1. 20, led by a pound at some point, and all based on comments from jackson hole. Doesnt say things are awful, i guess the implication, take it another 10 higher. She didnt say things were great. People know all right. Well get to texas in a minute first, an important corporate story to tell you about after a bizarre ceo search, wasnt it . Finally chosen, uber has, expedia Ceo Dara Khosrowshahi to be the next chief executive, he has been with expedia since 2005, credited with expanding the global presence. He immigrated to the United States from iran in the late ....