tv FBN AM FOX Business August 25, 2015 5:00am-6:01am EDT
5:00 am
sandra: breaking news this morning. despite another big drop in chinese stocks, u.s. stock market futures suggest u.s. stocks may have been sharply higher. the dow down 3.5% yesterday. the s&p 500 fell into corrections territory that dow futures this morning have been up more than 500 points. right now 472 points as they look at the dow futures, and the s&p in the ninth death call up more than 3% each. lauren, look at that, nicole. let's look at china. another huge slide in shanghai. the index losing almost 8%.
5:01 am
other markets in asia also lower. japan nikkei down 4%. but only major asian stock markets for the year. stocks in europe now expect 2% after yesterday's big fight sandra: oil prices bouncing that is still near the six-year low. 3895. let's look at gold. gold prices under pressure overnight at 1148. lauren: folks just not buying gold. let's look at the yield on the ten-year treasury moving a bit higher after yesterday's slight to quality sent bonds lower. the yield for the tenure, weekend it but it's about 2%. we will have complete market coverage and analysis coming up. nicole: good morning. i am nicole petallides joined by
5:02 am
lauren simonetti. a brighter day for "fbn:am." your first look at today's markets, latest breaking news in what to expect that they had. lauren: another big down day. the shanghai composite another 7.6% overnight. this comes on the heels of monday's 8.5% fudge and the chinese market down for days in a row. this is the worst since made in 96. china's central bank could inject cash into the financial system to the tune of $23 billion to counter intensifying outflows for weakening economy and falling stock market. nicole: u.s. stock markets point to a higher open after a rocky ride for investors in yesterday's session. is now the time to jump in and do some buying? we batted a top that great,
5:03 am
managing or, chief investment strategist joining us by phone. thank you for waking up early. what do you think when you see what's going on? >> what may be more important than what happened in china is what happened in north korea overnight where tensions have eased. basically i'm reported last thursday afternoon north korea fired a 14.5-millimeter aircraft at south korea. the propaganda returned by the folks. lauren: we had that patriot act about the tensions on the border between the two koreas. a really mass after everything else happened in the state. lauren: you know does happen that intensified the saddling. they just weren't clear. folks are now looking at china
5:04 am
with the massive slowdown. they hiked rates if they hide. vitamin c is is the bigger picture? >> the bigger picture is the markets are totally oversold right here. we talked about this in the first week of july that the markets were going into contraction phase and our models like they targeted the mid-to late august for the contraction phase 10. you've got the s&p standard deviations from 1987 on october 19 after the crash. this is the 18th time you saw yesterday where you got three consecutive closes down more than 2% and every time that's happened since 2001 u.k. to rebound one, to permit three, five days. nicole: i love every single one of those that.
5:05 am
there's no one geekier than me. just for the regular folks, do you have some sort of target, whether it's end of the year or three years, which way are we heading? >> i think we're in a secular old market. secular market last 10 to 15 years. we are six and a half years into this. bull markets tend to compound that 16% a year. compound forward from where we are right now, you talk about a secular market that goes 5000 by 2023 or 2024. nicole: that's for the s&p 500. thanks for a glance on a better day for chief investment strategist. thank you. >> event. transfer breaking news from toll brothers. the homebuilders reported net profit of 36 cents short of the estimate for 49 cents per share.
5:06 am
revenue $1.03 billion. we will get more housing related data, not the the 9:00 a.m. hour. i reported home prices at 10:00 eastern new home sales for july. those are key because if i may have to see if the u.s. economy is holding up to see if the fed can raise rates here. nicole: i was reading something at the same time you are speaking of the markets. yesterday we dropped 1089 points. we've never dropped 1089 points. go ahead and give a little pat on the shoulder. he made it through. let's get you caught up in the global market this morning and see how we are faring out. shanghai continues to the downside. the markets would be down again to use a mix average is kang sang and coffee are higher.
5:07 am
let's look at the next four to get you caught up in europe. 2% gains for the ftse, cac and dax as well. train for a better day for u.s. stock market futures. the dow 456-point. s&p higher by 56. 132. we are looking at a 3% gain almost across the board there. nicole: yesterday we had phil flynn on a river looking at oil. 3905. the traders were betting on 38, 35. it's bouncing back a little break here for you. lauren: i went to 37 up one point. nicole: gold down half of 1%. lauren: let's see how the dollar is trading with the teacher is used. a little bit of weakness for the euro bear. we did see 117 yesterday in the yield on the treasury right now
5:08 am
having trouble. nicole get it for you soon. sandra: president obama meeting with jack lew another senior economic advisers at the white house. white house. they reportedly discussed the recent market volatility. josh earnest and yesterday turmoil is the result of intertwining of the world economy. >> what we've seen in the broader global economy that the world is more interconnect than there is no doubt that economies around the world have a greater ability to influence other economies. nicole: aides say the president has not made any call to leaders in china. he is slated to meet with the chinese president in washington next month. so that will be key. lauren: republican presidential presidential candidates weighing in on future market selloff we saw the past couple days.
5:09 am
front runner donald trump strongly bringing china. >> we are tying ourselves so closely to beijing and in particular to china that this is trouble for our country and model may now have they taken our jobs had taken her case and manufacturing, but now they are pulling us down with them. i said we can't allow this to have mainly have to do a big uncut and pretty soon before it's too late. lauren: former hewlett-packard ceo carly fiorina criticized the federal reserve. >> i've been expecting a correction because the underlying fundamentals are not that strong. the fed reserve backing off in zero interest rates. china's economy is slowing. there is no doubt china has some real issues in front of it. lauren: wisconsin governor scott walker claiming that some blood red because china's manipulation of its economy.
5:10 am
former arkansas governor mike huckabee saying the obama administration's economic policies have caused the problem. nicole: atlanta federal reserve dennis lockhart saying he expects the fed to raise interest rates sometime this year. just two weeks ago he told reporters that he was very disposed to a rate hike in september late yesterday. lockhart says the terrapin oil prices caused the foundation outlook and it must be confident inflation is heading towards it 2% goal before raising those rates. this is really interesting. peter fisher said that the fad has a dilemma on its hands. >> product invidious flow in the u.s. in the developed economies. that puts the fad in an awkward spot. if we believe those numbers, the fed should be worried about inflation. the economy doesn't seem quite strong enough to reflect that. we are caught between.
5:11 am
nicole: the fed's next meeting is on september 16th. dennis lockhart is a voting member and said this is how he is leaving, getting those rates a period some people think normalize, just get something up. lauren: at is talking to the hedge fund guy he said he panics a tremendous value, something we saw yesterday. u.s. stock index futures rebounded at the opening bell after stocks tumbled in a wild day of trading yesterday. what is on the federal reserve's mind? what is their take on volatility in rolodex but plans for a possible rate hike next month. gary, good morning. >> good morning. what a difference a day makes. lauren: i was shocked when i saw barclays was pushing up their expectations for a lift off to march of 2016.
5:12 am
>> don't be shocked. they have not raised interest rates in 10 years. there is no way with all this world wide volatility that all of a sudden they will raise rates now. they know raising rates could really start to effect markets. what you see partially here is the fact that the markets know interest rates are interest rates are steady at zero for much a lot longer time. nicole: don't you think it's a slap in the face and they basically threatened to raise rates and then they don't come through? what point does the fad loses credibility? they can skip september, but not december it there? >> as far as somebody who manages a good amount of money to play the game is pretty much gone in a month basis to btus that they are going to raise rates in the nato. at this point in time i stopped listening and i just watched
5:13 am
market because the boy who cried wolf at this point in time. lauren: gear you are talking about levels yesterday you were trying to find or call the stock market. do you think we found by now that we see a big move to the upside in futures markets? >> i don't think so. i wish we could say yes. it's important to get to vote for everything. the dodgers dropped 3000 points. 2000 points were in four days. by rule, you would get some vicious and violent balances that kind of sort of make people feel better, one can get them back in typically they will be tested a little bit. here's the good news. at lowe's but that was down 15%, nasdaq 18%. that's up 30 large number in a shorter period of time. i'm hoping i'm not saying it is, that is the low. i'm pretty sure the second it
5:14 am
the second it the second it is a well this'll be a a little bit more price and time towards the downside. with regard to the 26 another story but after this big move that appeared today maybe a couple more days of the season retesting them we will reevaluate from their. lauren: buckle their seatbelts everybody. gary, we will get back with you later in the show. nicole: let's move onto oil. oil traded higher. we have phil flynn, senior market analyst at price futures groups and a fox business contributor joins us live yesterday. you said the options traders were looking down to 35. what are they looking up this morning? >> thirty-eight dollars is still a key member despite the turmoil in global market we've raised a very important level and that can be your line in the sand for the next 24 hours. if the u.s. stock market can maintain the rally that we have this morning, oil prices will
5:15 am
look extremely sold. you have to keep in mind that oil prices have fallen in love more dramatically with the stock market. perhaps he can get a little bounce of the charge higher. lauren: talking about other commodities, copper, iron ore, et cetera, do you see anyone coming in here and buying some of these commodities because they been downgraded so much? even gold. we didn't see buyers, not market the past couple days. >> we have it. i think we slipped away from diversion in gold to now a situation where we are worried about deflation. but the earnings cut in half, that is incredible in a short period of time. i definitely think they definitely think there will be some doubts that the commodities complex. unless the chinese situation yef
5:16 am
talk now about the separation from the chinese stock market. we have to watch the demand numbers very carefully because if we do see any uptick in demand because the market is leaning so far to the other way, we could see some sharp snap acts just like you saw in the stock market this morning. nicole: we don't need much by snap backward drops or spikes. can we just take a breath of couple days, phil flynn. give us a little glimpse. we will be speaking with phil flynn later in the hour. we'll also have more in the oil and find out why people really care. a lot of us who trade get it, but people want to know other things such as gasoline and by u.s. investors care about that. lauren: gop presidential candidates weigh in on the markets turmoil. carly fiorina said she saw this coming.
5:17 am
>> i've been expecting a correction for some time now because the underlying fundamentals of the u.s. economy are not that strong. lauren: will tell you why does she have to say about the markets and the economy. meanwhile, a big drop in china's stock rises overnight rates even more pain to investors there. despite the drop from the u.s. features on the rebound big time. we'll show you how the futures are shaping up. the s&p and nasdaq each higher by around 3%. you are watching "fbn:am," your first look at morning markets and breaking news this tuesday morning, the day after. ♪ behold, these are two wind turbines.
5:18 am
can you spot the difference? the wind farm on the right was created using digital models and real world location-based specs that taught it how to follow the wind. so while the ones on the left are waiting, the ones on the right are pulling power out of thin air. pretty impressive, huh? now, two things that are exactly the same have have never been more different. ge software. get connected. get insights. get optimized. [announcer:] what if one protect you from cancer? what if one push up could prevent heart disease?
5:19 am
[man grunts] one wishful thinking, right? but there is one step you can take to help prevent another serious disease- pneumococcal pneumonia. one dose of the prevnar 13® vaccine can help protect you ... from pneumococcal pneumonia, an illness that can cause coughing, chest pain, difficulty breathing, and may even put you in the hospital. prevnar 13 ® is used in adults 50 and older to help prevent infections from 13 strains of the bacteria that cause pneumococcal pneumonia. you should not receive prevnar 13 ® if you've had a severe allergic reaction to the vaccine or its ingredients if you have a weakened immune system, you may have a lower response to the vaccine. common side effects were pain, redness, or swelling at the injection site. limited arm movement, fatigue, head ache muscle or joint pain, less appetite, chills, or rash. even if you've already been vaccinated with another pneumonia vaccine, prevnar 13® may help provide additional protection. get this one done. ask your healthcare professional about prevnar 13® today.
5:20 am
5:21 am
dow futures have been up all morning, 500 points overnight and right now head of the opening bell of 428 points. s&p up 63, nasdaq jumping 163 points. lauren: let's look at what's going on in the asian markets. shanghai composite down 7.3%. thanks i had coffee with paris, nikkei to the downside switching over to europe all of paris today. you can see the ftse primacy and dax have more than 2% each all after the big drop there. lauren: oil prices bounced back a bit overnight. you can see right now they are still near the six-year lows. gold prices under pressure. right now $1148 down about $5. nicole: yesterday we saw the dollar going lower and oil going lower. you don't always see that mix.
5:22 am
you have the euro weaker against the u.s. dollar and index that for the rest of those there. a 10 year yield, 2.05%. yesterday it was down 1.99, 1.97. lauren: good morning everybody. i am lauren simonetti joined by nicole petallides. we want to welcome you "fbn:am" come your first look at today's markets, the latest breaking news and what you can expect your day ahead. nicole: another down day for chinese stocks for the shanghai composite fell another seven points 6% and this comes on the heels of the 8.5% selloff. in the financial system to the tune of $23 billion to counter capital outflows and also falling stock market. training for joining us now for
5:23 am
reaction over the past two days is kris days is crispy chimp, market analyst at ig group in london. so this balance we see, does it have legs? >> of course it's always difficult to say, but we have a lot in u.s. markets in london as well. certainly being very popular. it could easily be a big selloff and we came back for the rest of the year. lauren: those bargain hunters came in with the dow was down 1100 points. mutual funds and hedge funds come in and buy stocks. are you buying anything? lauren: >> loosing quite a bit of buying. i think we are just waiting for the selloff. we could be seen up right now.
5:24 am
trade for regular folks sit on the sidelines, but what about the big guys, the smart money, institutions, or grand trading, margin calls. but things get your attention going forward? >> old men cutting over the short-term but longer-term people can so see a reason to be in this market. even china as having attention that it can can still improve the situation. there are reasons still to be as dark despite the generation they have been quite present the last few days. lauren: thank you for joining us. appreciate your time this morning. nicole: gyration, volatility. yesterday up for 45% after 118% the week before. a look at the asian markets. one area going down as the shanghai composite index down 7.6% down for the third straight
5:25 am
day. they look at the nikkei, the other two without barros. european stocks that ftse, cac and dax joining more than 2% hovered around these levels. they are right there. lauren: after five straight days of losses in the u.s., this is how u.s. stock market futures this morning. at the aeros across the board of 477 points more than 3% for the s&p at 3.5% for the nasdaq this morning. you've got commodities for us. nicole: the dow up 500 points. expect a busy day. commodities 3925 comic in a 2.6%. twenty cents at 1147 a tryout. let's look at the currency quickly. we did see the euro is dropping against the u.s. dollar. lauren: at one to point out for
5:26 am
the euro 117 erased half of the dollar. the dollar gets weaker. that could be good for multinational companies. let's look at the 10 year treasury yield rate now. 2.05%. republican presidential candidate also when a man on the stock market just losing that we've seen in recent weeks. he was on the o'reilly last night in a strongly blamed china. >> they devalued their currency to take our jobs and lots of other countries. they've done a big number in europe. this is the greatest theft. with the money they've taken out we've rebuilt china but now it's gotten to a point they devalued currency to take more from us.
5:27 am
lauren: former hewlett-packard ceo's of three criticizing the federal reserve. >> i think the stock market has hit record highs over and over again because the federal reserve has ensured through its easy money policy that the stock market is the only place you can earn a return. lauren: wisconsin governor scott walker ran in the stock market on what he calls china's manipulation of its economy. mike huckabee saying the above administrations economic policies have caused the problem. nicole: dennis lockhart now saying he expects the feds to raise interest rates sometime this year. just two weeks ago he told reporters that he was very disposed to a rate hike in september. late yesterday, lockhart says the drop in oil prices caused the inflation outlook. the fed has said it must be confident inflation is headed towards its 2% goal before
5:28 am
raising those rates. peter fisher blackrock investment institute says the fed has a dilemma on its hands. lauren: productivity is low in the u.s. have developed economies. that puts it in a very spot. it doesn't seem quite strong enough and so we are caught in between. maria: he makes the point. how healthy is the u.s. economy and mass of the federal market committee and official members have to decide. the next meeting between september 16th. lauren: shares of chinese internet alibaba followed although it ipo price. twitter also below its ipo price. not a good sign for new stock offerings. we will take a closer look coming out. another drop in chinese stocks. traders setting up for a
5:29 am
5:33 am
numbers in wholesale numbers at 10:00 a.m., right now looking pretty good if you are a bowl. the dow jones industrial futures up. s&p up 63. let's look at some of these commodities. oil 3940, 3% right now. a look at gold which was slightly from the down side this morning. lauren: we've got currencies to show you.
5:34 am
the u.s. dollar against an key currencies. you can see the euro giving back recent gains. both of those safe havens. 2.05%. yesterday 1.997 was the close for the yield. nicole: everyone had to run. they didn't know where to put their money. one of the stocks we are watching today is alibaba group or the chinese e-commerce giant fell below its ipo price for the first time yesterday. it closed down 3.5%. $65.80 per share. disappointing along with this sharp selloff due to fears of an economic slowdown in china could temperament is yes and for initial public offerings going forward. yesterday's genomics research firm pulled the plug on its offerings scheduled for this week. i'm not surprised that alibaba is closing down below the price.
5:35 am
36% to the downside and a lot of chinese related companies, especially because of what happened with the yuan in addition to everything here. lauren: fox also fell below their recent ipo prices. starbucks is paying attention to the recent market slide. i am giggling because "time" magazine says ceo howard schultz is asking his workers to be especially sensitive to starbucks customers a cousin of the stress they might be feeling over the recent volatile trading we've been seeing. schultz's, starbucks 190,000 workers to do everything they can to exceed customer expectations. get that coffee right. i like that. just be nice to me. we've had a tough few days on walls repaired coming up in the gop presidential candidates weigh in on the market turmoil. he says in china. >> retires also closer to asia and in particular to china this
5:36 am
will be trouble for our country. nicole: more from donald trump's market commentary. another steep drop in stock prices at the report live from beijing and despite the drop in china, iran and u.s. stock index futures pointed to a higher open this morning. taking u.s. stock futures to see the dow was up 500 points.
5:40 am
lauren: breaking news this morning despite a big drop in chinese stocks, u.s. stock market futures suggest the u.s. start marketable opened sharply higher. the dow down 3.5% yesterday. the s&p 500 fell into correction territory joining the other indices. dow futures have been up 500 points this morning. right now 473 to the upside if the dow and nasdaq looking as good as well. lauren: in china and other huge site in shanghai. the index losing a percent. other markets in asia to the downside. the japanese nikkei down about 4%. you see green arrows in hong kong and south korea. bouncing back almost 2%. a little more in some cases if you look at the cac and the german dax with a huge drop in
5:41 am
gold. nicole: bring it on. check out commodities. oil prices 3944. a big move and still near the six-year lows. a look at gold prices under pressure. the last couple weeks out of favor here down one third of 1%. transfer the currency board dollar is moving higher after yesterday's bruising selloff where it did lose a lot in the euro and japanese yen recovering this morning. deals moving up yesterday after yesterday's late quality sent bond yields below 2%, but now above 2.05%. we will have more coming up. nicole: good tuesday morning. i am nicole petallides joined by trent pics. we welcome you to "fbn:am," your first look at the latest breaking news about what to expect for the very busy day
5:42 am
ahead. lauren: asian markets finished the day mixed with the shanghai composite with another daycare. for details recoded tracey chang hua's lab in beijing. she is a reporter for chinese state television. reporter: asian markets show a mixed picture. the index down about 7.6% to break the psychologically important 3000 level by the liquidity injection of 151.ts re earlier by about seven tenths of 1% and snapped a percent and snapping seven-day losing streak on expectations that liquidity's are coming back. in tokyo, japanese stocks had trading volume and volatility through the roof. the nikkei down 4% as 4% as the six-month hike against the u.s. dollar. and south korea but kospi recovered a nine tenths of 1%. lauren: thank you so much.
5:43 am
nicole: u.s. stock market futures point to a rebound at the opening bell. this may be your glimpse of hope after stocks stumble after a wild day of trading yesterday. where does the market go from here? president of cult on capital management, gary told him, we are so thankful he's been with us during this volatile market ride. we are seeing from our prayers this morning. you were using the phrase yesterday bear market. what do you think? >> i think it tucked away in advance of what you see in the last few days. we've dropped 16% to 18% from the high. you have a big bounce now. and it's a more cars onto the deck before i think that a real lois and. keep in mind we went from a 52 week high, 52 week low. that is pretty much unprecedented except for 1987.
5:44 am
we can see another 500 points from here. once we run into the massive resisting, that is very neat to see see the market prove itself. this is nauseating. the rallies before the market and that is why value sells so well these days. nicole: it is nauseating, absolutely. has anything in those three weeks change for the fundamentals? how much of the stock selloff in the rally this morning is a market reverses an economic story? >> i woken up this morning see articles for people say don't worry, the economy is fine. i am a big believer that the market is the greatest telegraph of the economy. i think the economy is in a little bit of trouble. we are only growing 2% anyhow. a couple quarters that were
5:45 am
negative. economies around the world are not very good shape. i think you've just got to continue to be careful here. saw the rallies. if you get them in time them right, you buy the big drops and closer rice, hold your nose and pray. lauren: holger knows. good strategy. i like it. gary, you said by the drops. i guess people want to put money to work your table of about 100. it was 92 of one point. do your sectors areas that were better in the current environment? >> actually i do. the one area that we showed me the best string was the housing related areas are things like home depot and some of the housing names because interest rates have just plunged over the last few weeks. they are very much interest rate
5:46 am
sensitive. that would be an area i am looking at. i'm not dying after a quick thousand point drop. i will wait to let this thing settled down. i don't want to be a hero because we don't want to wake up tomorrow and have another 400-point gap in the downside. nicole: gary kaltbaum, have a nice fresh orange juice. thank you for joining us. lauren: presidential candidates weigh in name. friend brenner donald trump on the o'reilly last night and he strongly brained china. >> we try ourselves so tightly to misha that this is going to be trouble for our country. not only have they taken our jobs and manufacturing, but now they are pulling us down with them. we can't do this. we can allow this to happen and we have to do in uncoupling before it's too late.
5:47 am
transfer your straight $590 billion. in an interview with "the intelligence report," carly fiorina criticizing the federal reserve. >> i've been expecting a correction for some time because the underlying fundamentals are not that strong or 2% growth is pretty lackluster. now we have the federal reserve dropping back china's economy is slowing. they have real dishes in front of it. lauren: scout walker played in the tumble in what he calls manipulation of the economy. the visit from the chinese deserve. they caused the problem. traders get ready for another volatile in wall street. the salad isn't done yet.
5:48 am
>> it probably gets worse before it gets better from here. i don't think it turns into a bear market unless we go into a recession here which can be avoided this time. we are probably not quite at the bottom. nicole: dow futures up about 500 right now. 491 is about where the kidnap right now. a perez, 3% gains. right now crude oil pumping and you can see prices have been back overnight. we will go to chicago and talk to our own social and period you are watching "fbn:am," your first look at morning market in breaking news. you total your brand new car. nobody's hurt,but there will still be pain.
5:49 am
it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement, we'll replace the full value of your car. see car insurance in a whole new light. liberty mutual insurance.
5:51 am
5:52 am
yesterday's 8.5% plunge the cake plunge the cake this time that japan nikkei also lost about 4%. hong kong and south korea in the grade. lauren: take a look at this. the ftse up 164.2 and three quarters%. first rise in 11 sessions. the cac in paris at three and one quarter's 8%. nicole: here is u.s. stock index futures looking like this all a perez. rub your rice, they are green. this is after i visited the big plunge we saw yesterday. lauren: let's flip it to the oil market. crude oil in the u.s. $39.78. a 4% rise over yesterday's close. nicole: all that glitter, not cold. here is how the u.s. dollar is trading against key current peace. you can see a recovering a bit
5:53 am
versus the euro. let's take a look at a different story as we see money going into equities. a little out of the bond of field right now 2.@equities. a little out of the bond of field right now 2.05%. it was below the 2% mark. lauren: let's go back to oil because it is trading sharply higher. still under $40 a barrel. phil flynn, senior market analyst at price futures group at fox business contributor joining us live on the phone with the latest. >> good morning. it looks like a lot of these markets are calming down here. a big sigh of relief and even a rebound in oil will find maybe the worst is over. i think the $40 a barrel area could be assigned to have leveled off. we could maybe get some confidence. lauren: everybody keeps asking me such a basic question.
5:54 am
everybody says sergey gray for the u.s. you are the real oil professional. >> i always say low prices are good if they fall for the right reason. crashing prices are bad because it signals the global economy. usually the best economic times are taught over the last 20 years is when oil prices are rising because of this reflect in global demand. in that case, rising prices were a good thing. when you see prices fall because people put money in the pockets are not making investment in 2008. what we have been. as we were seeing icann over the last couple days it doesn't matter how low oil prices go. it's not a good deal. lauren: if you are filling up this morning, gas prices fall 2% overnight, 2 cents overnight.
5:55 am
5:58 am
nicole: here's a look at the global market. shanghai composite down 7.6%. you can see that down. nikkei lower, hang seng gaining. as the ftse, cac and dax gaining momentum about 3%. here's our u.s. stock index futures up about 486-point. after what we saw yesterday the dow dropped to its lowest point of 1089. a little grade might be welcomed. now it is time for sanders smith and for maria bartiromo i mornings with her rehab.
5:59 am
sandra: great show. good to see you. good morning everyone. u.s. stocks looking to put an end. investors on edge the last two days. i am sandra smith. maria bartiromo has the morning off. tuesday, august 25th. with me, fox news dagen mcdowell and kevin kelley. here's a look at the futures this morning. first up, here it is, triple digit gains on the dow futures. right now 491-point. if these numbers stand at the end of the day, that will be the question for a couple hours on the opening bell. is this after all three of the major averages closed and correction territory yesterday. they call it a black monday. a roller coaster ride in the big were yesterday moments after the opening bell at the dow was down more than 1000 points. its biggest one-day point loss in history. the climb back briefly to a loss of less than 200 points.
6:00 am
the ring at the closing bell and the damage is done. a loss of 588 points. a loss of nearly 4%. asian markets following the lead with more selling in china where a body of the world's finger-pointing has been directed to shanghai composite down more than 7.5%. an ugly picture of the market in japan. the nikkei down more than 700 points. of that report from beijing straight ahead. a much better picture over in europe this morning. looking at the ftse in london at 3%. cac in france and germany up to 3%. a look at commodities markets where you have seen a lot of crude below the $40 a barrel market. relief of the game of 4%. coppery big indication of the global economy. bou
133 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on