not a great day for the dow. the president then said he wasn't worried about the fall in the dow which was a couple hundred points. nothing like this. down 834 at the moment. we got an analyst who specifically said over at bmo, the wait is over for those wondering how beijing would respond to president trump's recent tariff announcement. now we know, depreciating the yuan, that currency. you can see the big drop-off here. more than 1% drop-off certainly overnight and i'm just wondering what you think of how coordinated it appears the chinese kind of stopped, must have gotten together all weekend and decided this was the way they were going to go and it only opens up a new trade war front, does it not? >> it does. but i think they are going to shoot themselves in the foot. if i was a chinese billionaire, i would be looking to get the heck out of the country. get my money out of the country. it's going to go out of there like crazy. the chinese i think are acting emotionally to donald trump. i think this is an over

the dow down 584. the markets at this point are looking to close the week in the negative and that would snap a three-week losing streak. again, all negative for the week right now, as you can see. the s&p 500 down 31. the nasdaq down 120 points. again, we are all over the markets and a lot can change, big-time change in the next 59 minutes. the market's extending losses right now. again, session lows hit just moments ago as charles payne was showing you. we are also watching the two-year and the ten-year. we have been watching this a lot, the yields inverted. this is the third day in a row we have seen the yield invert. has yet to close down. remember when you see that, that has traders concerned, especially the bond market. the bond market is telling you they're worried about the possibility of a recession. we know what that means, folks. we have also got the oil contracts we're watching right now. there's the two and ten-year spread. 2.13%, lower for the week. the china tariff retaliation announceme

the dow down about

every dow stock fell the average decline of a dow stock, 2.7%. 12 of the dow 30 fell more than 3% the dow is now 6% off its july highs. the thing driving selling yesterday was that big drop in china's currency below that key 7-1 level to the u.s. dollar china responding overnight their central bank setting the currency mid point at a stronger level than many expected we are seeing -- this is key -- the yuan back above 7-1. right now at 7.03. en liunlike our u.s. dollar, chn tries to control how much their currency swerves the next few days will be key. if china can press the biggest banks to support the currency, the markets here could stabilize. if china doesn't t could signal a broader poll sicy shift by the chinese government the costs to borrow should come down global investors are rushing into u.s. government bonds, which despite what everybody thought have become one of the best performing asset classes of the year ten-year note at 1.76% the upshot, if you don't trade bonds or currencies, mortgage rates, they are coming down and they should keep coming down if that number contin

the dow, a big beneficiary. it's jumping 266 points. the dow, very firm here. the s&p up 56. the nasdaq, nice, up 130. that shows it's a broad-based rally. look at the russell. the russell is the host of this party. the small caps and midcaps are bullish all the way through, up a full 2.25%. the best and the brightest are here on what happens next. andy bremner is the fixed income yoda and he's about to tell you straight out if the recession fear talk is overdone or on target. professor joel tractman is the globe's foremost trade law expert. he explains the trump flip-flop on whether trade deal negotiations are easy or hard. >>> plus why the latest tariffs about to be hit on chinese goods are different. buying a wounded bear and ge's steel cage death match with the madoff whistleblower. less than an hour to the closing bell on this friday. let's start "the claman countdown." liz: we have this breaking news coming in. the securities and exchange commission has just fined cantor fitzgerald and bmo capital markets over alleged improper handling of adrs. those are american deposi

every dow, every dow stock, all 30 of the dow stocks, are up.ingle one of them is in the green. ashley: the ten-year yield shot back to 1.68. we are having this opposite effect. stuart: the ten-year yield goes up -- ashley: bond prices go down. stuart: look at that. we are up 400 points for the dow industrials. we've got to get back to this china news because that's what's moving the market. susan: basically we have more products on this exclusion list. apparently the tariffs will be delayed on video game consoles, certain toys, computer monitors and certain items of footwear and clothing. also, that's on top of the computers that we just talked about and cell phones. think about the big companies that are being affected here, toys will be going into walmart. talk about video game consoles, that's xbox, microsoft, right? and the cell phones is apple. think about who is leading the dow at this point. stuart: can i just make a judgment here? it would seem to me that those items excluded from tariffs are the kind of items that we would be buying in

dow is up 66 points.p next, fans of indoor cycling chain flywheel crying in their sweat-drenched towels. the shocking news of some closures across the country. >>> and live with the trump trade adviser peter navarro. his reaction to the "wall street journal" headline, the navarro recession part 2. that when "the claman countdown" returns. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) their medicare options... before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! well, you've come to the right place. it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why... medicare part b doesn't pay for everything. only about 80% of your medical costs. th

if you took a dow, a line of the dow from the minute he started the trade war which began about january right after he passed this tax cut, right, the market had priced in all the positive from the tax cuts and deregulation before that, which was good, if you look at it from january 2018 to now, the dow jones has essentially flatlined or is lower. you should take a look from january 1 or 2 to now, '18, the dow has flatlined. that shows you the impact of trade. markets are pricing in the potential that trade will slow down the economy. liz: okay. >> trade war, i should say. liz: people are not seeing this fall as an intermediate buy signal. 3:33 p.m. eastern. we are going to reset this at the moment. we have 27 minutes before that closing bell rings. it has been a very ugly day from the start. germany's economy contracted in the second quarter. that freaked out the overnight traders. then we had china's industrial numbers come in at a 17-year low. our markets took off to the downside. the bears came out of their caves. the bulls retreated. we are down 763 points for the dow. the nasdaq i

dow is up 244 points.s, the very latest on dale earnhardt jr. a and his family after their fiery plane crash. and if you blinked you missed this one as as die-hard olive garden fans jumped at the chance of a lifetime. you've been talking about this all week. ♪ r trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. who used expedia to book the vacation rental which led to the discovery that sometimes a little down time can lift you right up. expedia. everything you need to go. cheryl: markets as of this morning when we open, we've got futures pointing higher. at this point we're down 2.4% in general for the major indices. that's going to change, we think, based on the numbers we're seeing. s&p is up 27 and a quarter, nasdaq up 93 and a quarter. european markets are really jumping. euro is under pressure. we might get more stimulus from the european central bank. lauren: i don't want t to jinks it. the market ha

the dow down 773 points at the lows of the day, and we will tell you how much more pain may be ahead not just today but in the weeks and months ahead at the center of the drama, of course, today the currency clash. president trump accusing china of currency manipulation as china lets the yuan fall we have got the details of the punch and counterpunch plus, the consumer crush the names the trade war could hit hardest, as well as which ones could actually benefit from escalating tension "power lunch" starts right now >> lows of the day on the dow right now, 781 points. the next two hours will be big trade headlines sinking stocks today. kayla tausche covering all of the trade angles for us, as she has for months now but let's begin with bob pisani at the new york stock exchange hey, bob >> and tyler, today's declines are very broad based everything, except maybe gold and utilities. let's take a look, down 1.5% to 3.5% technology stocks down, bank stocks down. consumer discretionary down, energy, industrials, all down about the same however, even consumer staples are not faring that wel

>> the dow down about 500 points at this hour 470. off the lows go join tyler and melissa for "power lunch" which begins right now. >> e see you in a moment "power lunch" starts now with a major market sell off. check out the carnage on wall street as the trade war takes a nasty turn china began today retaliating with new tariffs then president trump ramping up the rhetoric, ordering u.s. companies to leave china and it's the stock market paying the price is dow is down by 500 point. 1.8% s&p 500 down almost two full percentage points and the nasdaq down 2 p.5%. >> spoofed by a major es canlation in the trade war between the united states and china. eamon javers has the latest. seema looking at the stocks getting hit. hi, eamon. >> yeah, as of this moment, the feel iing in the building is th they are still tracking and expecting some kind of response from the president to the chinese tariff escalation of this morning which happen nd the premarket hours. now aides are telling me they don't know what the president is going to do here th

the dow is off 19. liz, i tell you, my goal was to have us in the green when i handed it over to you. liz: no. this is what i want you to do. mark the time right now. we are exactly, see, he follows my rules, i like that, we're at the top of the hour, 59 minutes and change before the closing bell rings, and markets are launching a comeback of sorts. we've got multiple market buy signals flashing as we head into the final hour of trade. the nasdaq and s&p, as you see on the screen, have just turned positive in the last few minutes. this comes on a day filled with drama that saw bond yields crumble and the price of oil tumble earlier. crude right now still down about 4% but it had been down more than 5%. this as the after-market trying to stage a comeback but as the markets overall attempt a total about-face, the dow is still off to its worst five-day start to a month of august since 2011. still down about 3.25%. we are only a few days into this month. no signs of a truce in the trump trade war with china

we are watching the dow jones industrials. losses are intensifying a little as we head toward the close, now down 43 points but giving up all gains that we saw earlier today. meantime, tesla shares rising for a third straight day after the ev giant won tax exemptions for 16 variants of its car models sold in china, including the model s, x and 3. elon musk's electric empire also following through with expected price hikes in the key growth market officially raising prices in china today ahead of the coming tariffs. shares trading higher for the week, actually. >>> here on the u.s. mainland, no industry feeling the heat of the trade wars more than our nation's farmers. but coming up, we've got a shocking look at one part of the ag industry that says demand-killing tariffs could permanently leave its business und underwater. that's next on "the claman countdown." at fidelity, we believe your money should always be working harder. that's why, your cash automatically goes into a money market fund when you open a new account. just

down goes the dow.800 points yesterday, down another 27 points in the first ten minutes of business here on this thursday morning. down 31 now. 24 points lower for the nasdaq. most of the big tech companies are down. >>> capital one, okay, the stock is actually up a buck this morning. the data breach was much worse than previously thought. tell me more. ashley: they think about at least 30 more companies from this individual who, you know, has been arrested last month by the fbi after they believe over 100 million capital one credit applications were taken. there's no indication any of this data was used or sold, but now they believe as they have gone through this individual, her name is stephanie -- i believe they went through more of her computers, they found at least the information from 30 plus companies. they don't name the companies. but certainly the hack and breach was perhaps a lot larger than even they thought it was. stuart: back to the big board, please. we were down about 30. now we are dow

dow's up 262 here."squawk on the street" in a moment farmers are delaying purchases >>> markets seeing some relief one technician warns of more trouble hiding under the surface. find out more at tradingnation.cnbc.com more "squawk on the street" coming up. >>> welcome back now let's get to rick santelli and the cme group in chicago for the santelli exchange. >> well, thank you this week the story has been 30-year bonds. as they sit, they are down 20 basis points on the week they were down over 25 historical all-time forever even, low yields and this contract was introduced exactly 42 years ago today happy 42nd birthday, 30-year bond futures richard doc sanders wrote the spec for the contracts congratulations. >> thank you. >> that isn't even the story today. the story today is you wrote another contract that's being launched today tell us about it. >> it's a substitute for libor, rick, and it's a hat for you, a mirror boar futures are being launched today it's a libor replacement $200 trillion of assets

but it's not. >> not anymore. >> not today. >> not in the dow. >> not in the dow anymore. >> which is, too. >>> by the way, we've gotten the latest numbers from pappestry, the company formerly known as coach, it reported profits of 61 cents a share. >> that matched estimates. revenue fell below the street's forecast tapestry said coach was strong and kate spade did not meet expectation and that stock is down 5%. and it's an extremely busy day for economic data. at 8:30 eastern, we will be getting jobless claims, retail sales and productivity and industrial production. business inventories and home builder sentiment will all be out. >>> coming up, a lot more coming up we will talk about bank stocks, getting slammed, so the big question, of course, should investors be running for the hills? or are these buying opportunities? we will ask the top financial analyst right after the break. take a look again it a rue now at futures at this hour. boy, it's already been whipsawed around for us. the dow looks like it will open, 50 points lower. it's a lot better than we were literally a half an

dow is up 225, nasdaq, 88.inting out china's currency manipulation to the federal reserve, will it force jay powell's hand to cut interest rates more than previously expected? we'll give you the odds. a new study shows weed is growing, we have the nation's hottest spots for marijuana use. keep it here on "fbn: a.m.." ♪ relax, relax,. ♪ take it easy. ♪ in crossing harsh terrain or breaking new ground? this is the time to get an exceptional offer on the mercedes of your midsummer dreams at the mercedes-benz summer event, going on now. lease the gla 250 suv for just $329 a month at the mercedes-benz summer event. mercedes-benz. the best or nothing. termites, we're on the move.24/7. roger. hey rick, all good? oh yeah, we're good. we're good. termites never stop trying to get in, we never stop working to keep them out. terminix. defenders of home. cheryl: the federal reserve is planning a new system that would allow payments to be made to banks around the clock, 24/7. the system should be available in 2023 or 2024.

dow down 600 the vix close to 22. the ndx down 2.6%. director of floor operations at ubs is here. you're watching not just the august lows but that average as well at 2790 and change, right >> the 200-day moving average. the first level i would look at is the august lows, as you mentioned, which would be 25,440 in the dow and 2822 in the s&p you get a feeling they want to try for it we've got a lot on our plate not just the inverted yield curve. dan niles itemized things from italy to wherever he left out kashmir, the fact that india and pakistan, two people with nuclear weapons are nose to nose, that can't be dismissed. so i think you want to watch for a market that will remain under some stress here, and it looks like they're almost too tempted to test those levels that we just discussed >> are the bears who are -- the shorts trying to hammer, are they getting too much credit because of weak breadth liquidity, depth this week in august >> well, i think they are getting too much credit in the fact that as i think you are pointing to, t

drug stocks in the dow are holding up better than the average. also contributing there is am ren, which is actually up. it's not so much you can find safety in the smaller and mid size biotechs. the etf which is more influenced by the small and mid biotech names is more than the ibb >>> the energy sector having the worst day of the year, dropping to all-time lows, seema mody has more. >> oil has been stage agonize rue bound over the past week, but today it got caught in the broader sell-off wti settles at 56, it's weak economic data from germany and china overnight coupled with the eia data commodity experts wait to see if the saudis will cut production to boost prices especially if they want the valuation to stay at $2 trillion nearly all the stocks are in bear market territory. but it's worth noting the big oil giants like chevron are faring better than their fears in fact chevron, hess are higher for the year. >> oil's been in a bear market the best market of the the last decade it's the one spot where we see corporate credit weakness as well

market closed at the lows of the day yesterday, we had an 800 point loss on the dow futures, on the dowear. check on the global market action. in europe we have markets lower across the board. again, off their lows. and in asia overnight, we had mixed action, gains except for the nikkei, a loss of 1% there. news of the china retaliation coming after markets closed. breaking news this morning, it's been a wild ride for the markets. we now have the futures in positive territory. we had good news out of walmart, period, and walmart really riding to the rescue of what's happening in futures trading. joining us now, what to make of it is all, wells fargo investment institute president darryl cronk and portfolio manager of fixed income advisors, bryce do the ty. darryl to you first. i've explained it, this is hard core numbers versus a threat from china. walmart, despite the trade fight, because of the health of the u.s. consumer, is still able to put up solid numbers, give us a solid forecast for the rest of the year. is this indicative of what's going on in the broad economy and does it mak

the dow gaining downward momentum. the dow off 106 points.orts after antitrust probe which is a streaming service which is controlled by social media giant tencent. gerri willis on the fox on the floor, on the floor of the new york stock exchange with the details. take it away, gerri. reporter: that's right, ash. this is a fascinating story. tencent shares are down more than 10%. why? antitrust regulators are probing the company's deal with top record labels like sony, warner, universal, giving exclusive rights to lots of their music. as a matter of fact, tencent has had a 31% surge in revenues as a result. and, remember, sony and universal own a stake in tencent. they a public offering last fall. tencent is in talks to buy a 10% stake in universal. a lot of crossties. regulators in china are taking a look what exactly does this mean? meanwhile i want to talk about anthony levandoski, former google alphabet employee, charged with 33 counts of trade theft, stealing info from google to bring it to uber. each change, each charge that is, carries

dow is up 239 points. i know the last hour will be another crazy one. >> it so interesting, stuart showed a nice move and then you kind of got the news. [laughter] that's what everybody has to just plant it right here on fox business. don't change the channel. breaking news, a trump tweet is still sinking the market. look at the set up version of what happened. the president to valley to impose tariffs on the $300 million of chinese import that had up until now and escaped his tariff raft. the tweet coming just over an hour and half ago and taking multiple asset classes from stocks to treasury to soybean prices on a violent ride. now at any moment, the president is expected to depart for raleigh tonight in cincinnati ohio. he estimates planing to do investors and he might just do so. he usually stopped to talk to the press on his way to marine one. we have several cameras stationed at the white house for the president's comments if and when they happen. i want to tell you leading up to the tree, stocks hav

that sent the dow down 300 points the dow taking another hit on thursday when president trump said aew round of tariffs will kick in on september 1st and that stole another 280 points from the dow the next day, china retaliated kind of. they had strong words, no hard action, but those words shaved another 100 points off the index. then came monday oh, monday china's currency swooned, stocks sold off in a big way. the dow down 767 points, one of the ten biggest point losses ever for that index. then yesterday, trump calling china a currency manipulator and china did manipulate its currency, but it manipulated by trying to lock it in higher than the market wanted to price it. that helped stocks we regained about half of what we lost on monday. wow, wild few five days of trading, but that's all in the past the question now is where do we go from here joining us now is david mazza head of product at direction it's been a crazy few days, i'm sure your clients have been taking advantage of it what are they betting on, buying and dumping in all this volatility >> this has been a crazy week

the dow is down 750 points.ow can the united states fight back against china now that it chose to devalue its currency? many of you heard the fed has the wherewithal to do it, what can they do to keep or mitt fate what china has done with respect to the trade war. thanks for joining us. i find it interesting, we go back a week ago to the press conference with jay powell. i personally thought he was taking a shot at donald trump. i thought he talked up trade so much. >> yeah. charles: compared to all the other fomc gatherings, all the other q&a sessions where he said the trade situation was worrisome but diminimus to the impact economy. >> right. charles: he made it seem like much bigger of a deal. it emboldened china to certain degree and. >>ed president trump. >> he calling out to the fed. president is doing exactly what you're talking about. look at situation you put me in. with the economy is strong. you want to pick a fight from position of strength. that is where the country is. president trump is trying to

the dow was down 580 we are down 544.e are -- let's tell you what's driving the action the president lashing out at china and fed chair powell after china promises a set of tariffs. jay powell declining to signal more easy monetary policy. the yield curve inverting yet again. how will business respond? how will it impact the economy more importantly, what does it mean for the market and investors? and then a news making interview you cannot miss. federal reserve vice chairman richard clarida from jackson hole we are covering the angles with the team of reporters as always. elan, first to you on the china fears which appear to be trumping the fed speak today. >> nice, sara. we are waiting to see if president trump will make a statement on those latest trade tensions with china and the new $75 billion in retaliatory tariffs that were announced this morning. we know there was a meeting at the white house earlier today with mnuchin, kudlow, navarro and lighthizer and president trump did tweet that he would issue a response th

absolutely. >>> thank you very much. >>> dow just slightly lower. well on the floor the lows of the session those global yields are still super low and falling. how should investors navigate that volatility? let's bring in christopher smart. on christopher, welcome. what do you say to clients right now? >> it's a confusing time when you start the the day and this seems to be triggered by an announcement in thailand or new zealand, there's definitely confusion. the messaging from the fed has not been terribly clear. investors are trying to come to terms with the new situation with china, which is clearly headed for a worse place than a better place, and we're grappling with the earnings season, and it's been a mixed bag. figuring out the direction is a difficult moment right now. >> the main question hanging over all of this seems to be the u.s. gets lower yields do we benefit from that? tom lee was making points about how that should help equities, and increase m & a activity, and have positive effects if you happen to be a mortgage borrower right n

we want to take you through dow losers, pfizer, nike, dow chemical, we talked a lot about nike, big exposureentage of revenue coming from there. those tariffs not helping nike. look at dow leaders for the week. some were limited overlosses. extremely defensive. merck, proctor & gamble, j&j. liz? liz: thank you very much, deirdre, in case you missed it, the cleave economist at luskin, widely followed, made somewhat after stunning statement how many rate cuts we should expect. he actually cut to the chase. here is what he said. >> i think we're going back down to zero on the funds rate. i think the fed will have to get more aggressive than that with its balance sheet and other forms of non-conventional easings. liz: normally that would be terrible news for big financial names but market maven brian yacktman says, you know what? don't worry about that at the moment. now it is time to look at some of those bank names. go ahead, brian, which ones are you looking at? >> we're looking at three biggest deposit franchises, jpmorgan chase, bank of america and of course wells fargo. we think all three

dow futures are down 350 points. all this as major averages are coming off the worst week of the year nasdaq and s&p are down on an equal percentage basis as well as we see chaos reign in stocks, buyers are flocking to bitcoin as volatility as gone up, we're seeing buyers from around the world come into the digital currency bitcoin is up 750 points right now, nearly a 7-point move to 11,730 as our bonds get bought, we're seeing bonds around the world get bought, and yields continue to fall. 14.5 trillion, with a "t," of sovereign debt around the world now has a negative yield nothing stands out as much as that the german bund, you may not care about german government bonds, maybe it is boring at 5:16 in the morning, but you care because that signals the demand for risk and risk appetite has collapsed around the world. people are literally willing to get no return. in fact, the negative return on their money just to have a place to park it the yield on the german bond, one of the most widely traded government debts in

the dow up 233 points. the s&p up nearly 1%. the nasdaq having a strong day, the tech companies up more than 1%. one company that is struggling, though, with the trump trade war is delta children. the ceo of the world's leading crib manufacturer is here exclusively to tell us, well, why he's not sleeping like a baby right now. >>> and the president coming home with a deal on the french digital attacktax. we will get the story from the ceo of information technology industry council. less than an hour to the closing bell. i'm ashley webster in for liz claman. let's start the "countdown." ashley: pitney bowes is rapidly reversing course. it's trading 50% higher in premarket. the shipping services company said it struck a deal to sell its software business for $700 million. pitney bowes said it would use the proceeds from the sale to pay down near-term debt maturities. but it also cut its 2019 adjusted earnings forecast thanks to lost business from the sale as well as the trade war impact. that stock now down 7% after being up 15% i

now, the biggest losers on the dow, there are 30 stocks in the dow.are the biggest losers? i will show them to you. apple, intel, visa, nike, goldman. huge names, huge losses all across the board. how about the biggest losers on the sap 500. obviously there are 500 stocks in that index? those are the losers. i'm not sure i know what they all do but those are the big losers. how about your nasdaq losers? probably it is going to be the technology companies. yes it is. discovery, kla-tencor, mylan labs, dish network, taking it on the chin big time. let's change the subject. ashley: please. stuart: please. the u.s. travel association says the u.s. will continue to lose foreign travelers through the year 2022 because of the strong dollar, trade tensions and overseas competition. roger dow is with us, u.s. travel association president and ceo. roger, so there are fewer foreigners. i am by the way an american citizen, despite the voice. fewer foreigners coming to america. can we put numbers on this? >> well, yes, stuart, first of all we're thrilled to have y

the dow having its worst day since january.he s&p having its worst day since december and the nasdaq is the worse performing today 769 were the lows at the top of the hour the two-year yield hitting it lowest level since 2017. the ten-year keeps sinking 1.729% that session low is also a three-year low look at the dollar, a little softer today amid all this news with china letting its currency weaken against the u.s. dollar index at the bottom of the screen china's trade index, which we track here at cnbc quite closely, of course, falling. no surprise. nearly 4%. that's where a lot of damage is centered today it's not all red shares of northrop grumman and jacobs are winners today contessa brewer is looking at the casinos, and phil, boeing in particular, but big pain for casinos. >> we're looking at the casinos that have exposures in mccoy let me show you what wynn is doing, down 7% on the day. las vegas sands is off as well mgm, which relies less heavily on the revenues from macao are down, and then, if we look at these casinos

the dow had been down about 280 points and then briefly went sitive, butnded down 90 to 26,287.he nasdaq droed 80 and the s&p 500 was off 19. today's action seemed only fitting onhisild week. [ bell ringing ]. >> a lot of red on the board. >> the dow jones industrial average is down 926 points. >> investors worrying about the u.s./chinarade juarez catting. >> the d jonesndustrial average closes the day down 763 ints. >> wor day of the year for fox. >> a healthy bounceback a day, up about a percent on the s&p. >> there was buying today, back over the 26,000 level and the dow ended 313 points, right near session highs. >> we have regains a little l than half of the losses of yesterday. >> another big sell-off here on >>wall street. hy have things gotten so weird in august? well, two things happened. number one, the federal reserve happened. number two, more tariffs. >> the market pain is a lot less than it was in the first hour or so of trading. >> right now we are only down 212. >> dow jones industrial average closing just fractionally negative. this is the biggest comeback. >> s

dow jones industrials up 236 points.se, what blake just talked about, it's very hard to smile at anything, let alone laugh, but tomorrow, we drop my newest edition of my podcast, everyone talks to liz. i've got the inspiring story of the woman behind the unbelievably popular caroline's comedy club here in new york city. what a story. she was the one credited with discovering jay leno, jerry seinfeld, ellen degeneres. the list goes on. download it. >>> up next, the apple card quietly hitting the presses as the tech giant enters the cutting edge of high finance. but will people start whipping out that card? that and more coming up in today's fox business brief. "the claman countdown" is coming right back. welcome to the place where people go to learn about their medicare options... before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! well, you've come to the right place. it's also a great time to learn about an aarp medicare supplement insurance plan, insured by u

about 400 points on the dow. that's how much the dow moved in just about 15 minutes right after the open i was on the air when it happened in the few minutes i was on the air, that's almost how much it moved. the usual trade related sectors all up 2 to 3%, semiconductors, retail industrials, and you see gold dropped that's predictable stocks again moved in lock step with bond yields this has been happening regularly. yields hit the highs for the day about 10:30 eastern time that was the high for stocks as well, at least so far. the issue, of course, is that a truce is not an agreement as everyone keeps pointing out. wall street is well aware that we are one tweet from going backwards. many believe a deal will not emerge prior to the 2020 elections. with all the turmoil in the world, not just hong kong but italy, brexit, argentina as well as the potential damage to the consumer into christmas when the president acknowledged, a second truce on trade, which is exactly what this is, was not a difficult call to make a

talk about one of the of the dow this year.disney. >> and down 2.4% today is also outperforming. yeah it's obviously not where the real damage was done today >> what are you going to watch tomorrow >> i think everybody becomes a little best a tactician when it comes to these things sow want to see if there's going to be any kind of a purge. first of all, we're all watching the currency fixing tonight to see if this is going to be an ongoing theme or if it was a one and done a little bit of a salvo by the chinese authorities >> call me crazy but i'm going to watch twitter tonight and tomorrow >> and that's part of the story too. >> for the president >> sure. down 6% in six days in the s&p 500. if all this market needed was a shakeout we got it >> that does it for us on "the closing bell." >> "fast money" begins right now. >>> fearing gripping wall street today as trade tensions slam stocks the dow plunging more than 750 points for one of its worst days of the year. today's brutal sell-off leaving investors on edge. so what shoul

right now the dow jones industrials is up 83 points. when it briefly touched that inversion curve this morning, you can see the market took a dip, right after 10:00 a.m. eastern, right there. so really, today is barely a blip on the radar compared to last week's dramatic action. are the markets not predicting a recession at this time? are they now discounting this yield curve inversion phenomenon, not worried thanks to strong economic dataints? let's get to our floor show traders.sarge guilfoyle, give m sense at the moment of why suddenly the market doesn't seem to be really hyperbolic when it comes to yield curve inversions. >> actually, the market has been very quiet a week. there's been a lot of hand sitting. it's not because of vacations. that's a bunch of malarkey. it's because of jay powell's speech tomorrow. everyone has been putting on less risk. i'm at higher cash because i don't know after today's two speakers which way he will go. if he sounds hawkish they will take a pound of flesh out of this market. if he sounds hawkish an

the dow was up a couple points.tweets, we were down 100, now down 200, now down 380. at one point we were down 400. to some degree, there's algorithmic trading here. the computers read every statement from key officials. where president trump tweets, the computers read it and if there are certain words involved, certain words mean buy, certain words mean sell, and when the president came out with that tweet this morning it was overwhelmingly sell it. it happened within a matter of seconds. we are still down, still going down some more. we will be down 400 any second. down 399. ashley: flight to safety. gold now up $28 at $1536. stuart: what's the yield on the ten-year? ashley: still not inverted, coming in at 1.57. the two-year at 1.55. david: what you can't see from the number alone is the dramatic spike after the trump tweets on china. that's what spiked the gold market. nothing else. stuart: absolutely. again, we have to repeat this, money is flowing to safety. gold, yes, up $27 an ounce. ashley: $27, $28. stuart

. >>> the dow plunges nearly 800 points. the major indexes haveheir worst day of the year, and there's a global selloff after china's currency falls to its lowest level in a decade sparking fears of an intensifying long term trade war. d >>> so whas it all mean and how does it impact you, your money and your investments? we'll do our best to explain on a special edition of "nightly business report" f monday august 5th. >>> and we do bid you a good evening, everybod welcome. not exactly the way you want to start a week, is it? by the timeur alarm clocks went off this morning, stocks were already falling around the world after china's currency fell to its lowest levelgainst th dollar in more than a decade. most european markets were down 2%. hong kong was dow 3% and then it was time for wall street to get to work, and it wasn't pretty. when you have names like apple down 5%, boeing down 2.5% you know you're going to be in for a rough time, andxa that'sly what happened today. here are the final numbers with the dow down 767 poi

dow is up 267.ur next guest says now is the meo buy this dip the chief global equity at city sess going to join us next >>> volatility returns john chu has more on that. >> so we've been talking about what's happening with the dow and how many points it's lost and gained throughout the week here for those who subscribe more to the s&p 500, they think it's more indicative of the markets let's show you about what happens this week in points for the s&p 500. now, monday we were here down about 35 points and a time of that drive right there was banks cutting some gdp estimates among other things then on tuesday, we saw a nice move higher by about 43 points on this side here after we got tariffs delayed up until, you know, december 15th for some of those. but then, on wednesday, we fell another 86 points on the s&p 500 after the yield curve inverted short-term rates going above long-term rates and the fears of recession that come along with it just yesterday, we kind of managed to give back around 7 poin

289 points the dow up 300 points. at one point as the bond market stabilizes still though on a track, the dow that is for its third week in the red, nasdaq up a buck and three quarters >> all right, thanks we are looking to close out a wild week on wall street with 100 point swings in every direction. the dow still down about 3% on the week the big culprit, yields. check out the ten year fall tog aing to a three year low. for more on what's been driving the action, let's go to dom chu at the new york stock exchange >> so kelly, we have a bit of a reversal over the past of the last couple of days and what's leading the charge with the dow, the s&p 500 and nasdaq, right now, the dow is underperforming there. the s&p 500 is up about 43 points stays here at session highs for now and the tech heavier north america dak if you will, getting more because there's a return by some traders to risk an sippeape the best performers, you mentioned the yield kcurve. as rates start to stabilize and it goes up even more positive, the f

>>> folks, dow is up 288. that's about where we started the show but one thing we have seen, not just for the last two weeks but all year long, the last hour of trading is dynamite one way or the other. liz, i got a feeling it's going to be another one. liz: that's why i have the battle gear on. got to be able to see all the tick by tick moves. thanks, charles. >>> breaking news, an all-out currency war between the u.s. and china is actually pulling back from the brink. that threat seems to be subsiding as investors rush back into equities that had been trashed earlier in the week. heading into the final hour of trade, the bulls look unshakeable as the dow holds on to gains of, as charles mentioned, about 288 points. all day long, investors have been moving out of safe havens like bonds and gold after china's central bank stabilized its currency rate just above that key seven yuan per dollar level, and chinese exports showed a surprise. we will tell you more about that in a second. but the fear of the trade wa

reminder, we ended the day down 1.5% on the dow, but we're out of time. that does it for "closing bell." >> "fast money" begins right now. >>> live from the nasdaq marketsite overlooking new york city's times square, this is tms tms. i'm melissa lee. tim seymour, brian kelly, and dan nathan coming up you'll hear from one long-term bull who says he is now the most bearish he has been in a very long time. also ahead a pulse check on the consumer, the three events coming down the pike that will tell us if the u.s. consumer is alive and well plus a call on bitcoin one wall street firm says the crypto currency is about to break out. the magic number they are putting on b

we're down more than 700 points, dow off 2.7%.rp downturn on the right side of your screen. something happened the last few minutes that is causing investors -- by the way, the thing that happened could be it's the end of friday in summer and people don't know what donald trump will do when gets to g7. we also don't have word from the white house of what his retaliation will be on china, adding more tariffs to u.s. goods. that's what we are watching now, dow off 700 points. we will continue to await a comment from the white house. we know the trade negotiators were at the white house this afternoon to form late some sort of response and the president said, he tweeted that we would have it but we don't have it yet. so we will watch out for it. 708 now the dow dropping. >>> brazil could face repercussions for the fires burning over the rain forest. they're talking about blocking a trade deal between the european union and several southern american countries, including brazil. they're facing increasing international pressure to conta

the dow ending up 292 points.out 529 earlier in the session but we'll still take it. i'm melissa francis. connell: 300 or so. i'm connell mcshane. we'll take that. this is "after the bell." with the s&p 500 and tech-heavy ending in positive territory. nasdaq up almost 2% as it snaps a two-day down streak. president trump

dow futures after yesterday's swing, we've got green numbers, dow up 77, s&p up 11, nasdaq up 42 andbetween the u.s. and china, a little bit of a recovery on some good china data coming out of their economy. the nikkei, the shanghai, kospi all green. in europe, a lot going on in europe today. do you have green across the board. let's bring in ranko barrett. there's a lot going on. first, let's start with liz trust and her l colleagues in the u.s. trying to make this sell to the trump administration that any type of brexit deal would be good for the u.s., u.k. trade relations. also, you've got the fact that boris johnson is still pushing for what could be a pretty hard exit out of the eu for you. what's the market reaction this morning? >> i think liz's trip to the states is a nice distraction from brexit, basically. will a u.s. and u.k. trade deal be good for both countries? absolutely. look, it isn't ratified yet. the rat phi cas ratification ofl with the u.k. would be many months in the future. what we're looking at for sterling is just the brexit, wil we leave with a deal on octob

we're recovering a little bit, 139 down on the dow. 137. point .5% down on the dow. recovering a bit from a down day on the markets. >>> meanwhile the european union is nearing a decision on facebook privacy cases. lauren, how big can fines be for facebook and other social media companies? lauren: in billions with a "b." compare it to the 5 billion-dollar ftc fine for facebook. that was one instance, one fine. we're learning that the ireland data protection commission is leading the investigation. they have 11 cases against facebook open. we'll see draft decisions by nextmont. this is all coming soon. because there are so many of them we could see these fines be big but individually, probably not as big as the ftc fine and here is why. unlike the ftc, the european watchdogs have the ability to change the behavior of facebook. that would be a severe negative for the company. maybe good for us as users but a negative for the company. and that's why this is so significant. david: given europes propensity for regulation, maybe this is not so surprising but california is

dow down 438 here. we're back to 2879 on the s&p.ng to be a long day, so rest up let's get some more market n'gowaerhibrk.ea dot ay. >>> obviously, negative. s&p down 1.6%. utilities the only sector in the green this morning, and just barely dow's down 400 stock trading with jim after a break. >>> we can go. everyone was going crazy stock price at 34. back to where it was did things change? the inverted yield curve, is it going to crush them? is it a company with too much debt no, but could be finance this is an example of what i don don't like about this market but i like the opportunity she is doing a fantastic job buy it. >> around here >> by half, and then tomorrow when nvidia is supposed to not do a great number, they will have good things to say. and that's amd's sweetspot they did just benefit from what happened yesterday it's all much better than a week ago. >> later in the day, we started to parse more about what is going to be delayed and what won't. it depends on what kind of chip, what application your device is in, right

the dow is dipping into negative territory briefly just a few moments ago. now bumping around the flat line meanwhile, europe set to close in just a few minutes. we'll get a live report on today's action overseas, next. >>> welcome back stocks erasing their early gains with the dow turning negative moments ago, following a dramatic sell-off after increased trade tensions between the china and the u.s. our next guest says the numbers on that trade war is in and the u.s. is losing joining us now from aspen is ceo and chairman of pag, asia's largest private equity firm. good morning >> good morning. >> the trump administration, the president himself has said that trade wars are easy to win, continuing to assert that the u.s. is winning. you say not so why? >> i think you just need to look at the numbers trade wars started on july 6th last year. and on the anniversary, i took stock of what happened and during this 12 months, the u.s. to china fell 31 billion, which is about 21% chinese exports to the united states rose about 1%, about $4 billion. and in the late

dow futures unchanged, nasdaq futures down 5 points.nomy coming up this morning, retail sales. we'll get them in a few hours. plus, earnings from walmart, is the consumer still strong amid the trade war with china? and it's not even september. we're already into pumpkin spice. you won't believe the next product to jump on that bandwagon. keep it here on "fbn: a.m.." ♪ i want to run but she made me crawl. ♪ oh, the sweetest thing 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) >>> we were on a break! we were on a break. >> i just wish we could be like on a break. [ laughter ] lauren: this contest could give you big bucks but no breaks allowed. one lucky person will be paid $1,000 to binge watch friends. you need to watch 60 episodes, live tweet throughout the entire 25-hour marathon. this comes from frontier communications, it's to celebrate th