the nikkei average plunged nearly 4% closing at 17,806. that was the second steepest fall this year. the steepest was the day before. analysts say investors remain cautious as chinese stocks continue to fall and stronger yen weighed on export-related issues. chinese investors were also in a selling mood. the shanghai composite ended below the key 3,000 mark for the first time in eight months. the shanghai composite tumbled 7%, ending at 2,964. chinese authorities bought up shares in an attempt to bring some stability. hong kong finally recovered from seven days of losses. the hang seng was up 0.7% after a choppy session. some investors went hunting for bargains after the index hit its 1 1/2-year low. most other markets in the region rebounded. indonesia gained 1.5%, recovering from a nearly two-year low. the cospi snapped its six-day losing streak. sydney gained 2.7%, led by banking shares. and i'll have more business news later in the program. >>> officials from north and south korea have reached agreement to end a standoff that saw firin

the nikkei in japan down more than 4%.cross the board in bear market territory. tranter we saw plunged last week. this morning the s&p looking down 32 points. 1.5% pay down the big picture. 334-point c. all down arrows looking at oil and gold. oil down 4%, below $39 we are also taking a look at gold which is then the safe haven right now pulling back as well almost five bucks at 1154. lauren: here is how the dollar is trading. the euro and the yen but safe havens. as for the yield on the 10 year treasury still holding 2.03% at the moment. nicole: we want to get you caught up. $5 trillion in global stock market value has been erased since china devalued its currency. we will talk to a strategist about why devaluation has caused near panic in global stocks. oil prices also a major during the selloff. oil from it below the $40 a barrel mark. good at the gas pump but not so good at the big oil stocks. we check on crude oil to the downside about 332 points right now. a huge selloff last week continues. you are watching "fbn:am,

the nikkei up 1.8%. was lifted after the yen weakened pass the greenback and over in south korea the cost pc and turn green again in seven tenths of 1% at the index heavyweight gaining more than 3%. back to you, nicole. nicole: this is the first time in a long time we have asia, europe and u.s. grain. lauren: don't jinx it by nicole is right. a tough couple of weeks the nation is a tough couple of weeks on wall street as well. it began monday when the dow fell 588 points. one trader tallied surgery he would not be surprised if the fcc opened a formal inquiry into the trading as another flash crash. take a listen. >> the footprint on money was held at the small positions going by. not as then, 10,000 shares by to meet the little guy who had the stock absolutely got crashed and they shouldn't have monday morning. to me it was a travesty. lauren: travesty and when serious investor taking advantage of the selloff on monday about 100,000 shares of face the. >> i'm looking at facebook. we are waiting to jump i

nikkei average went into a nosedive going below 20,000. now to the tokyo stock exchange. >> thank you very much. definitely after the plunge we saw global indexes, especially china's indexes, investor here taking very few chances. we saw selling across the board. let's have a look at exact closing levels for nikkei and tom isaac. nikkei closing 19,435 down, tom isaac 1,573 down just over 3%. nikkei hitting its lowest intraday level today since july 9th at china's economic slowdown weighing heavily consentment. one analyst said china may be bearing down on federal reserve in u.s. over raising rates at the same time also keeping a close eye on plunging stocks globally because of concerns over china's slowing growth. with the stocks falling we also saw the dollar retreating as well to its lowest level against the yen since mid july. that, of course, weighed heavily on a lot of key exporters coming up there. nintendo, toyota, chipmaker tokyo electron among some big names. interestingly shares in the energy sector which had been pummeled pretty

they look at the nikkei, the other two without barros.an 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 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 ot

in japan the nikkei bounced back from a 4% loss yesterday. lauren: stocks in europe yesterday also opening sharply lower. the ftse down 78-point, the cac down 64, dax down 145. nicole: oil prices little changed overnight but still hovering at a six-year low. 3938. i like to talk about with transocean today. lauren: i want to talk about gold. gold down about $1137. nicole: looking like the euro in the u.k. from weaker again. the u.s. dollar. lauren: treasury prices starting flag now at 2.08%. good morning, everybody. i am lauren simonetti joined by nicole petallides. you are watching "fbn:am," your first look at the latest breaking news and what you can expect for your day ahead. nicole: investors may be reaching further and acid pills again today. stock index futures pointed to a solid game this morning when trading resumes at 9:00 a.m. here in the states. stocks reached the early games sharply to the downside. tuesday's selloff that the s&p 500 and correction territory, joining the taliban nasdaq as well. what can we expect? a great cast for

if you take a look across the order as well what you are seeing on the nikkei tune -- nikkei to toy five is a reflection of what we are seeing in broader markets across the reason. the kospi down and over in australia, as commodities get walt so to do the minors. miners. extending the global rout. in 2.for more an angie: the sides say they will and them -- resume north said it regretted the winning of two zillow so -- two soldiers. given three days to form a union -- government. they have until wednesday night to present a workable administration or graceful head to an early election. november 20 is seen as the most likely date. featuring 200 mile an hour winds. several bullet train services have a canceled. left 20 people dead in several missing. in on thek asia-pacific. it has the below that 18,000 ofk and headed down three the momentum is downward. there does not seem to be a stop in asia at this moment on this global route. 3% down. cost be extending losses as to the commodity producer. equities down more than 1%. -- youining it is predicted the pboc will come in with a cut this week

and we saw the nikkei average surge for a third day. here are the closing levels as we head into the weekend. the nikkei ended up more than 3%. the topix gained nearly 3.3%. the nikkei ended back above the 19,000 mark, though it hasn't been enough to recoup the steep losses from the meltdown earlier this week. is it was down 1.5% on the week. let's look at what moved the market on friday. energy firms were lifted by the jump in crude oil prices overnight. inpex rose almost 5.6% and idemitsu jumped nearly 6%. both companies got hammered earlier in the week when oil was at a 6 1/2-year low. trading house mitsubishi corporation surged 6.2% after announcing it's requiring a 20% stake in food giant olam international. it's hoping to boost its global market share. share prices in tokyo ended higher after this roller coaster week. not a bad way to end the week. giang ngyuen reporting from the tokyo stock exchange. >>> shanghai stocks were up two days in a row snapping a five-session plunge. investors there are banking on further government sup

the shanghai nikkei down more than 1%.kong is the big loser there appeared stocks trading lower in midday trading with the cac and friends down 2.6% right now. heavy selling translated to losses. you're at home u.s. stock index futures shaping up for a selloff of theo and losses of a full percentage of the major averages, the feature averages than than a look at commodities. oil and gold to the upside this morning as we look at the currency markets in the next trading in the u.s. dollar you've got the euro currency by the way right now trading higher against the u.s. dollar. the head of the environmental protection agency apologizing now for the masses spilled onto mine waste in colorado. you've been seeing images coming out of there. unbelievable. epa workers unleashed this bill as they inspect to an abandoned mine that. the 3 million gallons of mine waste turned a river into a polluted stream. >> it pains me to know went to know when to say this is happening, but we are working tirelessly to respond and we've committed t

chicago pointing to a higher open for the nikkei to 25. 225.ading -- nikkei china's economy could be growing more slowly than official data suggests. explaining why the yuan has the outed, the pboc has come and declined to offer a definitive view on how it sees the currency trading. >> some very interesting comments. in both yuan will move directions following last week's devaluation. even if the central bank needs -- he didne it could indicate where we are seeing the yuan at the moment is going to be consistent with economic dust with economic fund mental's. -- insisted with economic fundamentals. bloomberg has done a survey of economists, who say that it's not consistent. it is more likely the economy grew at 6.3% in the first half and will grow at 6.6 per -- 6.6% on the year. there is of course an inconsistency, and that is going -- you can see why we have both the central bank and the interveninghe pboc in the stock market. i guess you can say this inconsistency -- we have seen a cumulus measure moving into the market. angie: malaysia has given investors a wild ride. 's 1998, you

the nikkei last closed in the green.t looks like we are going to start off in the red zone today with futures pointing to a lower open. dollar-yen right now is at 124.3. more on our top story now. data over the weekend showing china's economic slowdown may be deepening. exports tumbled as producers saw their steepest decline in years. we have our chief asia economics correspondent joining us right now. what does this tell us about the state of china's economy. >> a pretty soft reading on china's economy over the weekend. i think the dip in exports will catch policymakers' attention. negateser, it kind of the story we had about how china's economy was stabilizing in the first half. angie: a soft start to say the least. is the strong yuan becoming a problem here? >> that will increasingly be a political issue in china. on chinating a brake exports to the eu and japan when they need everything they can get. you would imagine the policymakers will be tentative to weaken the currency. they could trigger capital outflow. it is

the nikkei lost 1,500 points in just two trading sessions and it's very unusual to see such volatility here in tokyo. to give you a recap what happened in new york, wall street had the worst day in four years. the dow ended down 3.5% on monday. but as you mentioned, we saw panic selling at the open when the dow slumped 1,000 points but about half an hour later, we saw what people call panic buying. so what's going on here, i talked to many market watchers and they say this is crazy or a melt down and one analyst said a pull back was expected but not as big as what we're seeing in a past couple of days. china stocks wiped out gains for the year plummeting 8.5% and if you don't see stability on the chinese market today we could see an ugly market in asia. this could be a good thing as chinese markets were over valued. >> wild swings in equity markets. let's switch to currencies and again, pretty wild swings there, as well. >> exactly. we're seeing what we call unwinding of carry trades. the currencies like the eros and yen are spiking and people are extremely bullish on the dollar. they

the hang seng in the nikkei down more than 1% and the kospi down 1%.europe, stocks look like this. the ftse down by 1%. ditto for the cac and the biggest loser seems to be the dax in germany at the moment. u.s. stock futures for the downside as well. s&p is up seven, nasdaq giving up 15 points. will show your commodities and oil supply company now. oil futures $42.40 per barrel. sandra: before you head out the door, let's look at your wednesday forecast with fox meteorologist maria molina. reporter: good morning, sandra and hello, everyone. tracking a cold front that produce several reported tornadoes and funnel clouds across parts of the midwest. looking at additional storms from the great lakes all the way down to parts of texas, lurch of damaging winds and possibly isolated tornadoes today yet again. we do have one temperature is coming human conditions across the east coast and then to the gold coast. highs making it to the 80s in triple digits for some of you across texas. behind the system, 61 degrees for high temperature in minneapolis and 75 at

the nikkei 225 rose by 3.2%, finishing at 18,376. the nikkei ended positively for the first time in seven trading sessions, recovering to the important 18,000 level once again. the more than 3% rise is the biggest one-day jump since last october. the broader topix index rouse about 3.2%. one of the best performing sectors was insurance. this indicates investors are now turning their attention to domestic headlines when picking stocks. it's one of the signs the market is regaining composure. as the yen came off its highs in the currency market, car makers rebounded on hopes of better profit margins. having said that, though, there are signs that investors aren't fully convince that the turmoil in china is over. companies known to be dependent on chinese markets such as construction machinery makers extended losses. komatsu lost nearly 2% and hitachi ended down about 0.3%. so the market seems to be normalized. aika nanao reporting from the tokyo stock exchange. >> thanks for that. >>> we're bringing you a two-part series this week on h

now the nikkei closing at 20,033, down 0.94%, and the broader topix, 1623, down 1.5%. now with the price of crude oil falling to near six and a half year lows, it real wasn't surprising to see major oil and gas shares here tumbling. the sector really has been hardest hit so far this week on continuing concerns over slowing growth in china. let's have a look at some of the shares here. jx holdings and cosmo oil, oil and gas field developer inpex declining and even after the u.s. federal reserve released minutes of its july meeting, it remains under certain when the central bank is going to raise rates so the dollar weakened a touch against the yen and, of course, that weighed on a lot of exporters here. nikkon and bridgestone among some of the big names. on the positive side softbank group which shot higher after its vice chair decided to buy a $480 million stake in the japanese telecoms and internet group making him the second biggest shareholder following the founder and chairman. so after recording its biggest one-day drop in six weeks, on wednesday the nikkei fell a

nikkei was getting ready to go in the fifth great and family has been here with him all take. >> theyre breathing for him. >> he is a loving, caring little boy. we don't want this situation to be, one child to know that we love him and that he was a very loving child, and that whoever did this, we want justice for him because, this should never have happened. >> reporter: while the family searches for answers, police continue their investigation, and he is now listed in critical but stable condition, at ai du pont children's hospital. in wilmington, delaware i'm diana rocco for cbs-3 "eyewitness news". >>> the teenage daughter of the rosie o'donnell has been found safe in our area chelsea o'donnell was found around 7:00 last tonight in barnegat township ocean county. on the web site rosie o'donnell tweeted quote thank you for all of your help and light. spokeswoman for o'donnell said chelsea ran away from home and last seen by her family on august 11th. o'donnell says chelsea stopped taking medication for an undisclosed mental illness. >>> that e-mail claiming did you not pay your e-z

japan's nikkei right behind, falling about 3%. in europe stocks now looking what could be another weak session. we're talk the worst week of the year potentially. footsie, the dax and the cac all down by less than half of 1%. right here in the u.s., are we seeing some relief potentially? green arrow for s&p 500. it is up almost two points. the dow jones still below 17,000. falling below the level first time since october. down 10 points at moment. show you key commodities. oil, 41.06. gold handing in highest close. down a bit today about 2.60. here is how the u.s. dollar is trading against key currencies. you see mixed action. green arrows for euro, pound, mexican peso, et cetera. yield on 10-year treasury right now, 2.07%. nicole. >> indeed. that is where everybody is moving their money right out of equities, safety into treasurys. tensions in the korean peninsula adding volume at this time to the global markets. the day after two koreas exchange artillery fire. we told you about this yesterday morning. north korean leader kim jo

nikkei futures point to a higher open. at 124.78.yen here is su keenan from new york. s&p and nasdaq recovering from a couple days of downturn. we had strong earnings from tech companies. profitfter boosting outlook. we had more earnings after the bell. a lot of foremost, attention here because this is the first time the recent ipo reported earnings. it's all shares tumble -- it saw shares tumble on emerging concerns. the fitness trackers are doing well against what is becoming crowded field for competitors. these are wearable devices that track your heart rate. over 4.4arter of a -- million. earnings, $.21 a share versus the eight sent expectation. the measure of profitability narrowed somewhat to 47% as opposed to 51% of the prior quarter and that put pressure on the stock price which closed at 51.5 and feel near 44 in after-hours. , a couple media companies reporting. it's profit beat analyst estimates on subscriber fees. they reported second-quarter profit that beat estimates. this is on subscription fees increase. that beats the $.72 per share average estimate. re

the only decline for the nikkei to 25 -- 225. elsewhere, sydney is up. gains on monday.ackdrop, the chinese stocks, the index. there we go. chinahave a market in down a by 5%. caring back support, the fear for chinese investors with chinese regulators will be doing exactly that. the biggest two-day decline are since 2007 or the market route taking place there. stepping back from the brink. they have done it again. p pyongyang saying it is agree of a city state of war. it will halt propaganda across the border. east asia government. is with me. you were there last week. there the day they exchanged fire and people, all of my relatives were calling me. full and nonts are one was paying attention. not the man in the street. they are very used to these kind of episodes. they happen from time to time. they do seem to find a way to pull back. not really have heard much at all from kim jong-un. does it tell us anything about the situation in pyongyang? andrew: it kind of does. he is young and untested and constant change under his regime. fearful generals are so as they might o

for the month of august, the nikkei index was down 8.2% t. rally over the past three days could not make up for the deep dives we saw recently. here are some of the movers and shakers today. semi conductor shares will lower, especially in carolina. they under performed with as will of 4.51% forred avantist. oki electric iustry was down 6.19%. on the other hand fujitsu went up more than 2.36%. in all, markets are downbeat on profit taking. many investors are bracing for china's official data due out tuesda tuesday. >> thanks. >>> now, many in the markets in the asia pacific region had heavy losses in august following a tumble in chinese stocks. the shanghai composite said 0.82%. a probe wade on sentiment. if august, the index tumbled 12.5%, falling for a third straight month. taiwan landed in the positive. the taiex gained 1.94%. semi conductors boosted the gain. markets in the asia pacific region gave a bit of a mixed picture. ho kong gained nearly 3% but plunged 12% and posted the sharpest monthly drop in years. here's a look at the other st

they have been up in the trading days. >> and the nikkei in japan is up. there's a lot of volatility. >> there's a great disappoint: i don't know exactly what is happening with the chinese economy. >> thank you. fire-dehli in washington state are making small gains as they battle a dozen major wildfires, but the dry air and lightening forecast. they may have more fires so deal with, covers more than 400 square miles, a sabrina register reports state officials are asking for more help. >> an historic first request in washington for volunteers to fight fires burning across the state. robert rusk returned to its home town, compelled to help. connected to the community and the people here. i feel responsibility to go what i can. >> an astonishing 5,000 people from near and far emailed. marching through the doors, asking what they could do. >> it was a hummable experience to go through, and see all the people offering up they aring they could. they can come on up. it was great. >> 50 volunteers have been helping fire crews since sunday. many of them farmers, sp

there is the nikkei. down 481 points. loss of 3.7, 4%. thank you. that's the nikkei. at the moment. the hang seng opens shortly. what is interesting though, is australia. t australia is not down as much. what you are seeing is in tokyo, is knee-jerk reaction from new york. let's wait and see for the next few hours, shanghai into europe. this might be where the cycle breaks. >> is everyone watching this, we are looking at this. is that what everyone tuned into the markets watching the nikkei. >> going to be more interested when shanghai kicks in. that will be the driving force. and they're going to want to see what the chinese are saying about all of this. >> richard quest. stick around. thank you very much. we will follow this as well. markets opening in asia. keep you posted. turn to the latest, the other political news. a hot news question is -- in politics tonight -- is it time to start talking about joe-mentum. will joe biden run for the white house? joining me senior washington correspondent, mr. joe johns, good evening to you. all eyes on the vice president, joe biden, will he

the nikkei closed down 0.4%. the topix briefly touched 1,700 for the first time this year but then turned lower, closing at 1,687. if it wasn't for the move in china's stocks, probably would have closed at the highest level of the year. profit taking were seen in food makers and tourism related stocks. for example, meiji holdings down 4.5%. isetan down 3.75%. meanwhile, japanese firms with extensive ties to china showed reaction. daikin showed a loss. industrial robot maker fanuc lost 0.35%. on the slip side, steel makers road, like jfe, in hopes of a new stimulus in china, which is a major steel importer. komatsu up 1.85%. if we didn't see that knee-jerk profit taking, we might have seen a multimonth or multiyear high. let's see how things cool down tomorrow. back to you. >>> now, trading in china was volatile after the yuan devaluation. the shanghai composite closed almost flat at 3,927. export-related shares were up, but importers and major airline companies were sold as a weaker yuan means lower profits for t

also, the nikkei fell on to a six-month low on china. >> and as giafg said, shanghai stocks nodived and fell to the steepest fall since 2007. chinese authorities eased some trading restrictions over the weekend. but they failed to shop share prices from falling. the new rules allow them to invest if domestic stocks. looking at asia pacific. hong kong's hajj sing fell 4%. zplmpblths. >>> here's a look at some of the other wheres stories we are following. tokyo oil futures plunged to their lowest level in more than six years on concerns of coin's slowdown. market sources say the drop is due to speculation that higher u.s. oil production will create an oversupply. one of japan's department store operators will open a website where luxury items. they are holding hands with high end brands, including clothing and fashion accessories. officials say the site will offer a wider choice of brand than its competitors. consumer prices in singapore are falling for the ninth straight month, off 0.4% to a year earlier. that's the biggest category of items if singapore's consumer price index. now, let'

after the 3% rally yesterday, the nikkei is opening up 2%, 18,741.nd the broader topix is up 2.3% right now. to recap, the nikkei plummeted more than 2,000 points friday through tuesday. so considering the 500 points of gains yesterday, markets are resuming their bull run again. quickly on indices in the asia pacific, kospi is up about half a percent. australia is up about .7 of a percent. all eyes on chinese markets which open in about an hour. ramin, it was a historic day in new york. wall street posted its biggest one-day gain in almost four years. gains accelerated in the last minutes of trading, quite a different picture of what we saw yesterday. short-term traders led, the dow closed up nearly 4%. the tech heavy nasdaq jumped 4.25%. of course comments from the fed official william dudley about the september rate hike looking less compelling encouraged market players to return to risky assets from safe havens. ramin? >> those comments seem to have moved markets. speaking of safe havens, what is happening to some of the currencies? specifically d

japan's nikkei with the spiking of two tenths of a percent.g at shares trading lower right now. ftse in london has a percent. that market futures searching for some direction. in and out of positive territory. big government job reports tomorrow. features at 17 points. the commodities market, big focus in oil if it dips below $55 a barrel off half a percent. the site continues and currency markets of the euro down against the greenback was in nick's trading in global currencies and the yield on the tenure right now 2.26%. everybody talking about apple. apple shareholders hearing reports now about the new streaming service that our music to their ears. good news for apple? >> this is good news. we introduce this to you until june is launching june 30th. one month after launching 11 million people already like the sound of apple music. the tech giant has real than half the number of spotted via customers. the current champion for the three month free trial. period the service costs 999 a month for access to 30 million songs, tons of playlists. l

but check out nikkei futures.n wallmixed closed street, it will open lower according to futures in chicago. at 121.25.stronger no trading in malaysia or the philippine. banks are the latest to show a lack of confidence in economic recovery. fresh off rate cuts from the central bank, many lenders offering less for deposit. we have stephen engle taking a closer look. stephen: what we are seeing is lending rate cuts, deposit rate cut. the bank will offer a higher rate for deposit than the benchmark rate. what you are seeing is banks offering less of a premium. the reasoning is why would they pay more for deposits if they are not lending? that is an indication of the economy is slowing. let's bring up a couple of examples. 2.85% a year on to your deposit. 2.35.ark is before last week, they were offering a 65-point premium. cutting premium on three-year deposit to five basis points above the benchmark rate. if you cannot lend the money, why would you bother to gather deposits, let alone pay a lot for it? that is kind o

jep's nikkei posted its biggest drop in almost two years.xchanges in shanghai, hong kong, australia and south korea also tumbled. and that's why people are nervous here. investors are bracing for another wild ride after friday's free fall on wall street. the dow jones fell on friday, 531 points, the largest sell-off in years. u.s. stocks posted their worst week in four years. nbc 10 spoke with financial adviser robert wilson about what all of this means for your money. >>> look, the market went down over 500 points. that's about 3%. but this is nothing like, let's say, a blackmon in 1987 which was a 22% drop. everybody should take a breath, realize it's not the end of the world but do think about calling your adviser just to say and take a gut check, what's our next plan here? the only thing that could protect you in times of uncertainty, let's face it, in the market, every day is uncertain. the only thing that could protect you is your discipline. >> a lot of you are watching this. nbc 10 will watch it for you. we're watching the overseas m

. >>> tokyo's nikkei index fell to a six-month low.investors began selling off shares as soon as the market started trading today. now, the plungeç started yesterday over concerns about the chinese economy and that trend spread to the europe and the u.s. where the dow lost hundreds of points yesterday. we watched it tumble all day. nbc 10's tracy davidson is live in our digital operations center this morning monitoring the markets. tracy, with the asian markets starting down again, should we expect another rough day for the new york stock exchange? >> it sure looks that way. most economists and stock analysts are calling this downward slide a correction, saying things had been overvalued. investors around the world are we haven't seen for a while. shanghai plunged more than 7% in a third straight day of kleins, in japan, the nikkei rebounded but closed down 3.9%. here at home, wall street, again, could be headed for another rough day. the dow plummeted 588 points yesterday to close at 15871. it could have been worse. yesterday, at one

the nikkei has lost ground.er in the day, interesting to see where these markets finished. but certainly, there is much more, i guess, rationale, rational thinking going on in these markets around the region at the moment after yesterday. so it's not the end of the world. it's not china's sort of guaranteed hard landing which people seem to be concerned about yesterday. it seems to be that cooler heads are prevailing. >> and in some ways, i guess in beijing, is there now a realization that after dropping $2.5 billion trying to prop up stock prices none of that really works and at the end of the day it only affects a small percentage of the population. >> i think that's a fair comment, difficult to know what's going on at that level in the minds of policymakers. but certainly, having thrown in many ways, the kitchen sink at the market earlier in the summer, after it came off its peak around june the 12th and really, really did tank. china announced a whole series of measures, and it looked like a panic reaction.

chicago nikkei futures pointing to a lower open. at 123.47.ote trading in manila to mark the assassination of an former senator. has rattledies rout wall street, the s&p 500 has fallen the most in 18 months. let's go over to su keenan in new york for details. su: it is a big test for the bulls. $5 billion in value erased. we had the nasdaq down almost 3%. all of this on growing concerns of economic growth globally faltering. there are concerns about a rate hike in the u.s. didn't look like it is getting pushback from september. there is growing unease about china weighing on the market like a 1-2 punch for investors. >> there is a very awkward transition. if you have teenagers, we are going through that transition now. from a controlled economy to a much more open and slower economy. they are really grappling with the transition. is talking clarida about the u.s. -- chinese economy. there is a view that the world has changed very much since the fed's last meeting in july. the meeting minutes were released on wednesday. september rate hike appe

a bit of a selloff yesterday in japan you the nikkei -- japan. nikkei 225 -- futures in chicago morning to a lower opening following the selloff on wall street that we saw. the dollar yen holding. to our top stories. the volatility in chinese markets never really went away. yesterday's selloff really .howed that uncertainty the shanghai composite fell more on concern sent government support may come to an end. all of the action was in the late afternoon. >> absolutely. let's have a look at the internet chat. that occurred in the afternoon session. that was the lunch break. it is similar to what we were seeing back in july. why -- you could see profit takers living in. reasons.ple of other they are concerned the government may start to intervene in the market. this is basically the linchpin of the government's efforts. concerned thats the government isn't going to pick up. we had hong kong at its lowest levels in nine months. if they look at the three-month from, market has rebounded those july lows. up.ave seen that pick there is volatility comin

the nikkei in japan with a strong close. the market over 1%. the gain of 197-point. europe followed a minor triple digit gains. you see the ftse cac and dax all hosting solid gains. the dax of 3%. first of the futures at home where we see triple digit gains on the dow and green across the board. the game 193. before you get too excited about possibly a second day of rally, joining us now is the man who believes the bubble is about to burst in the market. by selling off or an economist terry dead. pour cold water on us this morning. >> grande is bullish for the 80s and 90s because we saw the baby boom spending more money. since 2008 in a downward spending declined just like we saw from 1969 to make 1982. when generations are not spending money, we get extended downturn for the market and we have had kiwi until late last year to offset this. now it is wearing off. i think this is the beginning of a broader crash. sandra: what does it crash look like? how long will last? >> when they give you the simplest pattern. every bubble we've seen peak 2000, 2007 and has taken us

that is the story for the nikkei 225. the other big story is the shanghai composite. another big plunge today. a .5% yesterday. we are closing up shop right now at 7.5%. everything goal sector is down big. 7%-10%. the shenzhen, if you put those teed of ibo together -- two together. let me put this local media report which came out this morning. in china. -- it mayties regular be a sign of maturity. one sign of that is that following the plunge on monday, the regulator did order regular markets to work overtime. that is a story we are looking at here as regulators. jonathan: another bad day for chinese equities and the shanghai composite falling once again for the fourth consecutive session. the question for many investors is when will the government come to the rescue if ever? nick.bring in expectations are high for policymakers to step in, will they? as david mention what you are seeing is people trying to read the tea bags -- tea leaves. you're trying to prove the negative so the market keeps falling so that is an assumption that the government hadn't intervened. wh

nikkei futures pointing to a lower open. at 124.71. u.s.tocks fell for a fourth time in five session, dragged down by biotech and media. su keenan is watching the action in new york. su: very big declines in the session. the thursday session was all about the drop in media. this is the fourth decline in five sessions. we are getting to the tail end of earnings seasons. earnings are driving sentiment. it looks like panic buying and selling. some of the action in these companies, dropping 9% or 10%. that type of action does not give you a warm and fuzzy feeling as an investor. let's look at media, where some of the big declines came in. disney in a second day of declines. a 9% drop for the biggest in six years. 21st century fox, down 7% on top of wednesday's 10% drop. viacom down 13%. cbs, erased a gain of 5% drop. it fell on second-quarter profits lower than forecast. that is really the story for the sector. it is starting to dawn on the investors they are not getting returns on ad revenues they originally got, which had a lot to do with you

nikkei down 4%. a lower open. still fractional dollar yen now.tinuinggthening, to be a swiss franc, dollar, yen and euro safety haven. japan was the only market outside of china to plunge yesterday. stocks seesawed from gains and losses. we have shery ahn taking a look on what to expect. are we ready? guest: are investors ready? that is the big question. topics saw a rally of 2% before plunging and closing down more than 3%. lowestkei dropped to the low since february. now you have checked the futures conflict. 17 740 the open. the close yesterday, volatility is expected to be very strong today. index jumpingck 32% yesterday. 2011.s the highest since that is when the nuclear disaster happened in japan. this is not going to change unless we see some big action from china. interest rate cards, triple cups. moree expecting to see a volatility playing out today. a rollerthe yen have coaster. guest: definitely. it has strengthened last week. it strengthened again monday. the biggest advance in five years. at one point it surged to a seven-month high i

and that's all from the nikkei. back to you. >> makiko, thank you so much. >>> we have a flash here. we're just learning that the indian government has introduced the goods and services tax bill to the upper house of parliament. the big question now will be, will the upper house of parliament pass this gst bill, which of course, is something that the finance minister of india has been working on ever since coming to power in 2014. of course, there's been a lot of speculation if this gst tax would come together. it seems as one of the ways india's trying to liberalize their tax system, and here you go, introducing the gst bill to the upper house of parliament. the big question is, will it be passed? we're looking at the s&p sensex slightly lower in today's trade. >>> moving on, the sendai power plant operated by kyushu electric power located in southern japan was reactivated today for the first time in two years. it was the first to go back online under a set of new, more stringent regulations put in place following

the nikkei 225 close the month lower. -- close to the month lower. closed the month lower.ikkei futures pointing to a lower open. flight.ar/yen a safety -- play. let's talk debt. it can work wonders in good times and in the bad times it can wreak havoc when there is a lot of it. and that is what southeast asia might be facing. david is here to explain. how do you grow when you're not growing and pay back the money? the problem.s when times are good it works wonders because it magnifies returns. but what is happening now, and we are talking about credit quality in southeast asia incorporates. the amount of debt that has been built up since 1998, the asian financial crisis, has actually gone up sixfold. we are closer to 400 billion u.s. dollars if you looked at the 100 biggest southeast asian countries. and it is up 32%. if you look at them as a group. we know that these guys are bigger and the businesses are expanded compared to back then. i thinkyou look at foreign currency debt, and that is really the important gauge to look at because it strips away all of the noise, alth

the nikkei gained half a day% in a weaker yen to the broader market. but kospi finished just above the breakeven line further against the greenback spirit back to you. sandra: thank you. we are halfway through earnings season with more names such a report today. nicole: in addition to the side being raising the rates in september, we have a lot of earning to watch. time warner to improve results a year ago. investors listening for any hints about hbo, how it doing, broad and the only service launched in april. the domestic ox office in focus. they did better than warner bros. films in the same quarter. that is good year-over-year news. the nba postseason not good news here but 10% gains on to broadcasting unit. investors want to know more about how that affects the advertising for the quarter. also hearing from the travel giant expected to earn $12 a share which should be weaker year-over-year but revenue is expected to rise to more than $2 billion. priceline has been every quarter and those expectations. tesla motors will rollout after the bell today.

japan's nikkei indexes are up. they are hoping to rebound today. they are hoping to rebound after the dow lost 205 points yesterday. the boudow has lost 2,000 pointn the last week. >>> late indy car driver justin wilson just saved six lives by donating his organs. his brother unveiling the news #gift of life. justin wilson saved six lives today. he just keeps setting the bar higher. >> wilson died after being hit in the head by debris afteron a pennsylvania racetrack. he is the first indy car death since 2011. >>> the newest edition to the pittsburgh steeler signed a one-year contract for a backup. he is known for his quick legs on the field. he is 35 years old. the head coach saying even at his age he has unique mobility. vic played with the new york jets last year. he is back. >>> parts of the country could see showers and thunderstorms later today. >> maria molina is tracking it all plus a tropical storm. >> good morning heather and ainsley. we are buzz sgree in the tropics. i want to start out across the nation. we have extreme weather across p

nikkei had cost me down as well. ftse down by 26 points from a dax up by five. in the u.s.n 34-point or the broader market down by four. checking for key commodities this morning. we'll continue to follow the old up arrow. dagen: investors look over second-quarter resorts from wal-mart today. a few things to watch. sales and traffic to report the fourth straight quarter of higher sales and third straight quarter of higher shopper traffic after a long period of decline for both. mobile results say about the overall economy? investigators focus on the health of the core consumer lower income in america is at the stronger dollar expected to weigh on profits. wal-mart continues to invest in higher wages for store employees as well as the e-commerce business. the company expected to lower its full-year guidance slightly. lauren: let's do some weather before you head out the door this morning. a look at the tuesday forecast with fox meteorologist maria molina. good morning. reporter: that's right. warnings in effect across areas of the tri-state area. of course as you had to work

nikkei down 15% in a few days despite it's recovery today. here's a statistic.he all country world index, that would be about 2,500 companies from 24 developed markets and 23 emerging markets. that's the same price it was almost 3 years ago. equities as an asset class are spinning their tires or worse so does the volatility, does all this discussion of more easing and more health, extra he from the teacher, the teacher being the central bank is this a healthy student or a student that has a big problem. >> let's bring this back to the u.s. market. is there a strong correlation or high correlation between the chinese stock market and u.s. stock market. >> sure it's almost everyone in or everyone out. we have a lot of correlation worldwide. there's liquidation. distribution. people selling with abandon. that's not typical of a healthy environment. >> okay. well, we could potentially be in for another interesting day on wall street. futures right now indicating a higher open. let's see what happens. carter thanks for getting up early with us. >> thank you. >> still

nikkei down one 10th of 1%. sediments or by the weak u.s. economic data.korea the cost be rebounded by solid 1% lead by airline companies after the government announcing diverse outbreak. back to you, dig in. dagen: tracie cheng in beijing. bring them up by the two parts of the country a look at your tuesday forecast with fox made maria molina. reporter: good morning, dagen and everybody at home. one of those across central florida. this story has been the showers and storms continued day after day and flooding occurring across central florida and the frontal boundary will linger throughout the day today and will be the focus for more showers and storms as we head into later this afternoon and this evening or otherwise across parts of the eastern u.s. including new england and including new england in the intake including new england and into a eastern u.s. including new england in the intake you are looking at severe weather in parts of the plane temperature rise across the nation and the southeast and southern plane temperatures there into the 90s in tri

that's all from the nikkei. back to you. >> thank you very much for that. let's have a quick look in on asian markets in today's trade. it's a soft day lead lower by chinese markets in particular which finished the day down a little over 6%. there's rumors that we'll see further easing but the market really reacting not to the fact that we might see easing but the fact that we will, in fact, need it. let's also see the other main markets. hong kong included down 1.4. japan down 0.3% and all of the major indices across asia are in the red today. >> look, i mean, everyone is trying to find a reason for that sell off when we see a 6 or 7% decline. you name it. is there always one specific reason? i would steer clear of that because we still know there's a lot of margin debt being unwound. this could have easily triggered the move today. it doesn't have to have anything to do with further liquidity. that's just my take but it's such a technical driven market. >> i agree and so absurd has been the performance of the a share market in 2015 that a sudden 6% sell o

this is actually not the right chart, this shows the nikkei down 4%. the shanghai composite when you look at -- ok, never mind the chart, the shining high index in 2015 got really hot compared to how it was for the previous five years. how much should the gyrations of this index concern anyone? >> great question. the answer to that is that while the market was clearly overvalued, the volatility in china's market is not going to have as direct impact on its economy as say the volatility of a market in a very advanced economy. this is primarily because the size of china's equity markets is relatively small in comparison to the country's overall economic activity. second is that the chinese government has to a certain extent walled off china's equity markets from its economy, so chaos that you might see in china's markets is not necessarily going to have that direct impact on its economy. >> there is real concern about the chinese economy having to do with manufacturing data that came out recently. we saw the chinese government a few hours ago announcing

japan's nikkei is dropping another amount as well. slowing economy, the wall street journal says that chinese is pumping money into the markets to ease drops there. week saw major lasts that followed 530 point drop. u.s. markets haven't tropped that far that quickly in four years. we're going to have much more on this story, coming up a little later in our broadcasts. we go to france where three american men are going to be recognized for acts of bravery, french president francois hollande will present them a medal of bravery, this man they subdeed wasubdued had hundreds s of ammunition. >> when most of us would run away, spencer, anthony and alex ran in. is. >> it was either do something or die. >> reporter: airman first class spencer stone and alex scarlatos, are being recognized as heroes. along with two others. >> we hit the ground, alec came up and grabbed the gun out of his hand while i put him in a choke hold. it seemed like he just kept pulling more weapons left and right. pulled out a handgun. alec took that. took out a box c

some of these measures that we look at, you look at the nikkei and we hung saying. hang seng. hung sayin we started the day at about $1.18. that of course is on the lunch break. onures -- a horrible session monday. 2%.we are north of look at about 1900. a few things i want to mention here. we are down 4.5%. still very much under pressure. still talking roughly 80% to 85% still in the red. the central bank called into action this morning to offset those impacts. money markets raced. they did show a bit of strain. -- i will show you the seven day. we go. we even had a one-month high. tryingviously reflecting to offset that. before i go here, deposit rate. marketshore yuan hitting 22% this morning. i will leave it there for now. the resource sector has been hit hard with the bloomberg commodities index hitting its lowest close since 1999. let's get over to paul allen in sydney. some areas are actually faring better than expected? paul: that's right. if monday was all about the black clouds and tuesday six to be very much about the silver lining. if we take a look at the big austr

the s&p asx 200 and the tokyo nikkei all positive.flat as well. it's up .19% but just now losing that. but it's been a flat day. >>> on tuesday in the u.s., the dow jones surged more than 400 points only to pull back, ending with a loss of about 200 points. >> now major financial markets in europe just opened moments ago. isa soares will join us live with a look at that momentarily. >> but let's start with anna coren who is watching asian markets in hong kong. what a difference a day makes when you look at the numbers it appears that china's intervention has made the difference. >> it depends who you speak to, rosemary and how this is interpreted considering the moves that the bank made to cut the reserve requirement ratio which is the money that the bank has to set aside these are not the significant gains that, perhaps, chinese authorities were hoping for. over the past two days, the shanghai composite dropped 15%. so, really, perhaps they would have been hoping for much more than what we are seeing and right now as the shanghai com