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I do want to go to some of the video because i was up on that hill earlier this evening and if it werent for the cell signal, wed be going live up there right now. You can see those flames and just how close they were to some of the homes earlier this afternoon, at one point between 30 to 50 feet from those homes on woodley place, but they have since dissipated at this point and even gone in the other direction a bit and the good news this evening is the fact the wind is not nearly as strong as it was earlier this afternoon in this area. Most of the people have been evacuated from here. I mean it was a mandatory evacuation. I did talk with a couple people who chose not to leave despite that mandatory evacuation. They advised us get out now and i said we will be ready to go if we think were in jeopardy and they were insistent and we said, you know, bear with us. We want to stay as long as we can. Its really sad. Its so sad. We love oakmont. Weve been here for almost 20 years. We really ....
The adp employment report in july ahead of the jobs numbers on friday and at 8 30, the treasury refund announcement. They are refunding the treasury. They are going to be trying to limiting the effect of the fed reducing its Balance Sheet. Also what 8 30 this morning eastern time, alix steel will interview Goldman SachsCeo Lloyd Blankfein. Lesters speaks at a business conference, and John Williams speaks in las vegas on Monetary Policy. Late yesterday we got news of Apple Earnings for its Third Quarter and the tech giant Beat Estimates on earn ....
Close of trade. Julie hyman is standing by. The story this afternoon all about oil as we see it returns we bear market. Julie we have been talking about oil falling below 40 a barrel at some point today. This is on the outlook for the to not be abating at a fast enough pace to justify the price of oil. We are seeing a pullback to just over 40 a barrel at the moment. We saw a big increase in net shorts in terms of oil. We saw a big surge, the biggest on record on a weekly basis. Look at oil since its highs in june. You see this bear market we have entered. A pullback of 22 as we were talking about half an hour ago. Now trading below the 200day average. As it has worsened over the day, we have seen stocks worsen as well. The nasdaq the lone gain of the three major averages. Energy is a big part of the story today. That is the biggest drag on the s p 500. You can see some of the big percentage declines we are seeing. Many accelerating over the course of the day. They are all slumping in t ....
The u. S. Trading day. Julie hyman has been tracking the moves. S p on track for the biggest loss in a month. Backtoback declines in more than a month. Down for seven straight sessions. It has still been a pretty tight trading range for stocks the past couple of weeks even with todays decline. We had been moving incrementally higher. One of the things putting pressure on stocks today is oil. Energy stocks had been holding up their games but now we are seeing below 40 a barrel. We will get the weekly Inventory Data from an Industry Group after the close today. From the government the official data tomorrow morning. 500of the groups in the s p are now lower with the decline in the oil price. Technology shares also putting pressure on stocks today. Apple was downgraded. Samsung is introducing a new phone today about a month before apple is expected to introduce its next phone. W ....
A different Industry Groups to market the ones that are notable are health care and technology. , 3. 3 nergy is something were really driving the s p down. Oliver the market has been so tightly traded that we have this longterm range where we have been bound and now you have the shortterm range but oil was the story today because this is 2 markets, stocks and oil, that for a while they have been moving independently of one another. Stocks are touching new highs and oil in the bear market has been falling the past couple months. When you see the s p struggle to stay in the green, it starts to call into question a little bit stressposttraumatic from a Market Participants were oil drags the market down so fast. That is very interesting. More specifically when you were looking at the sectors, oil is the big loser there. Interesting to see that tech was flat. It vacillated t ....