Never forget. That is the day that the bank unexpectedly put the franc against the euro at 1. 20, the euro slumped to a low of 85, that is a drop of 29 before closing down. 19 , the biggest drop ever, the lowest close ever. It prompted a selloff in companies. The policy shift was unexpected and it would hurt exports. This is not the only central bank that caused a massive ripple across markets. We will look at china, and the yuan devaluation, the biggest oneday drop since the january 1990 five. It also prompted a widespread selloff and emergingmarket assets. This is the emerging market index, and the two weeks that followed the yuan devaluation, a weak demand from china and the start of regional currency wars. We will finish with the biggest corporate scandal of 2015, volkswagen. On september 18, they admitted to cheating on u. S. Diesel emissions tests, on monday, september 1, stocks plummeted by 19 . This was through october 2, losing value. When the lawsuits pending, investors are s
Never forget. That is the day that the bank unexpectedly put the franc against the euro at 1. 20, the euro slumped to a low of 85, that is a drop of 29 before closing down. 19 , the biggest drop ever, the lowest close ever. It prompted a selloff in companies. The policy shift was unexpected and it would hurt exports. This is not the only central bank that caused a massive ripple across markets. We will look at china, and the devaluation, the biggest oneday drop since the january 1990 five. And also prompted a widespread selloff and emergingmarket assets. This is the emerging market index, and the two weeks that followed the yuan devaluation, a weak demand from china and the start of regional currency wars. We will finish with the biggest corporate scandal of 2015, volkswagen. They admitted to cheating on u. S. Diesel emissions tests, on monday, september 1, stocks, stocks plummeted by 19 . This was through october 2, losing value. When the lawsuits pending, investors are still awaiting
That was the day the Swiss National bank unexpectedly scrapped its threeyear policy of putting the franc against the euro at 1. 20. The euro slumped from 1. 20 to a low of 85, that is a drop of 29 before closing down 19 , the biggest drop ever, and the lowest close ever. The move prompted a selloff in companies on concerns this unexpected policy shift would hurt exports. This wasnt the only central bank to cause massive ripples across global markets. Lets look at china. The yuan devaluation on august 11. It triggered the yuans biggest oneday drop since january, 1994. It also prompted a widespread selloff in emergingmarket assets. This is the msci emerging markets index. In the two weeks that followed the yuan devaluation, this gauge sunk by 13 on concerns that the move signaled weaker and demand from china and the start of regional currency wars. Lets finish with the biggest corporate scandal of 2015, volkswagen. On september 18, it admitted to cheating on u. S. Diesel emissions tests.
That is the day that the bank unexpectedly put the franc against the euro at 1. 20, the euro slumped to a low of 85, that is a drop of 29 before closing down. 19 , the biggest drop ever, the lowest close ever. It prompted a selloff in companies. The policy shift was unexpected and it would hurt exports. This is not the only central bank that caused a massive ripple across markets. We will look at china, and the yuan devaluation, the biggest oneday drop since the january 1990 five. It also prompted a widespread selloff and emergingmarket assets. This is the emerging market index, and the two weeks that followed the yuan devaluation, a weak demand from china and the start of regional currency wars. We will finish with the biggest corporate scandal of 2015, volkswagen. On september 18, they admitted to cheating on u. S. Diesel emissions tests, on monday, september 21, shares plummeted by 19 . This was through october 2, losing value. With the lawsuits pending, investors are still awaiting
Slowest in three years. You add it all up data that is subdued. Initiale u. S. , we get jobless claims. We got center low nonfarm payroll number last friday. At 9 45. Index coming up. We should mention in spain, catalonians are taking a page out of scotlands paper, a prefaceibly we will address that with ian bremmer. Was 9 11. S ago today that is when the terrorists struck the World Trade Center and the pentagon. We will have coverage. The day, particularly for those in new york city who witnessed the silence which is still challenging. Heres a shot from downtown. Worldwide, a recent visit new york city, boy, have they done a job. It is spectacular. This is really the first year i would say where it has all come together. It is open and everyone can actually go there as opposed to being a construction site. There is less of a sense of payment, you dont panic, you dont belong here. Slowly trying to get back to some sort of normal place. The president visiting this morning. Lets do a dat