Good morning welcome, im Courtney Reagan in for Brian Sullivan what a day it is shaping up to be again today, but looking different than what we saw on monday well kick off this morning with a tuesday turnaround dow futures are pointing higher indicated higher by more than 900 points 920 points at this moment. The s p 500 indicated higher by more than 104 points and the nasdaq up by 323 points. We have a lot of hours left until the opening bell sounds but this is come after the worst day for stocks with the dow falling more than 2,000 points in a single day. The selloff triggering the first halt to u. S. Trading in 20 years. As it stands right now, all the major averages are in correction the dow transports and the russell are in bear market territory down more than 20 from recent 52 week highs. Same thing goes for energy financials, industrials, materials and tech all those sectors also in that same boat bonds are hovering off the low, ten year is back above energy pouncing back after
Tour of the dreamliner 787, a passenger jet built in america by americans, his take no prisoners management style jumped out as he revealed something that no doubt has two Aerospace Giants in a vicious competitive battle for the governments business. Were getting henry revel on the horn of a jet stealth slugfest. The president s surprise News Conference yesterday filled with headlines. Most notably for the markets. Blake burman at the white house whether the markets will run out of patience waiting on the tax plan. On wall street, nothing patient about the nasdaq. It is on pace for a record close again as the markets head into a Holiday Weekend with gains for the week. Lets start the countdown. Were less than an hour to the closing bell this friday. Liz breaking news, japans softbank which owns sprint is saying its prepared to give up control of the Wireless Company to force a merger with tmobile. Reuters is reporting that sprint is willing to do this to retain Minority Stake in the me
The 100 billion beer deal has been brewing for months is closer now to being a done deal, sabmillers board will recommend that Shareholders Approve a take overby anheuserbusch inbev, boosted initial offer to the postbrexit drop in the british pound. Facebook could you up to an extra billion dollars, a transfer of assets to ireland in 2010 and new york fed is asking the Philippine Central Bank to help recover 81 million stolen by hackers back in february. That 81 million belonged to the bank of bangladesh. Roeuters reports the money was mostly laundered through the casino industry. All right. Tyler, im brian sullivan. Check on your friday, the s p 500 despite that disappointing gdp print briefly hitting yet another new intraday high, it has since pulled back. The magic number to watch for a closing high 2175. In the meantime the nasdaq is trading at a 52week high itself up by big gains in google, amazon, and much more on those names ahead. We are also all over this oil slide. Crude oil
Cat. Its gone from being an animal thats adorable mans best friend to an animal that does whatever the heck it wants. Not just a house cat. Sometimes the darn thing is a tiger with a thorn in its paw. Like today when the dow punched 187 points s p tumbled 8. 5 and at one point the market was town almost twice that. I say you have to get used to this genius change here because its profound. You can train dogs. For the today show, matt by the way, im voting for wrangler. You cant herd cats. You can punish dogs and they will obey. Cats, as i have learned from happy, hire, iverson, dinah, buddy, bessey flow and don julio a little variation in the name never hurts cats could care less. Yes, i did have all those cats. In the end, you can make your peace with both and im urning you to do so tonight, even if you might get scratched or bitten in the process. First, what happened . Where did the dogs go . Who let them out . Okay. I think we got a little complacent at the end of 2014 but we got u
2015 as it was this year . We have all that and more tonight on nightly Business Report for monday, december 29th. Good evening, everyone. Im susie gharib. Im Bill Griffeth in for tyler mathisen. The price of oil fell to a fresh multiyear low today on expectations that a global glut of crude oil may keep growing into the new year. Now, it didnt start out that way. Oil today actually began the session higher on concerns that unrest in libya could put a cramp on global supplies but by the close of trade, futures had dipped to a new fiveyear low on a swell in supplies. Light sweet crude closed at 53. 61 a barrel and the benchmark brent crude in dlon was down 1. 57 closing at a 5 1 2 year low of 57. 88 a barrel. Jackie deangelis has more on todays wild swings in the price of crude and what could affect Oil Prices Moving forward. Reporter another volatile day for crude prices. We saw a bit of a pop in prices this morning after traders were concerned about reports of clashes in libya around