The selling was intense. Home sales rise again in July but so do prices. And with a possible rate hike on the horizon, is the housing market at a turning point? The selling today was serious.
The tweet from President Trump sent shock waves through the market. The president suggesting tariffs of 20 percent on aluminum and 50 percent on steel, just for Turkey, calling relations not good.
The company buying steel and aluminum from Turkey are now caught in the middle of the mayhem. Frank Bergren runs Metal Partners International which processes and distributes rebar. We first spoke with him in July as he faced rising bills from tariffs on European partners.
I would buy all my steel from domestic mills if I had the option.
Today, Bergren has cargo from Turkey on its way to Houston. He says his Turkish supplier is in an array of panic at the moment. Neither side sure what that steel will cost when it gets there or what this escalation means for future business.
As we mentioned, the drama in Turkey rattled investors here in the U. Adding to those jitters, inflation. Consumer prices rose slightly last month, but the month core reading rose nearly 2. Stocks did come off their low, but it was still a Friday solidly in the red.
The Dow was down points when the bell rang at 25, For the week, the Nasdaq was the only positive index. Financial affairs swirling around Turkey shook up global markets today after the Turkish lira plummeted 20 percent to a record low against the U.
Bond yields also tumbled to session lows as investors poured money into treasuries in a flight to safety play, and gold prices got a bit, but ended lower on the week.
The big question on the trading floor is what international risks mean for Fed policy. Industrial stocks took a hit on that news. CAT are often seen as classic proxies for trade war concerns. He is chief market strategist at F — B. Good to see you again, Art.
Great to see you.Nightly Business Report (–) Coming Soon. Rate This. Episode dated 20 August 30min | News | Episode aired 20 August Previous All Episodes () Next Add a Plot» Stars: Susie Gharib, Tyler Mathisen. Rob Riggle Is the Vin Diesel of Personal Watercraft. Rob Riggle discusses how he.
tv Nightly Business Report PBS August 20, pmpm PDT pm this is "nightly business report" with tyler mathisen and sue herera. >> stock market meltdown. the selling was intense.
the dow and s&p suffer their worst day of the year.
how concerned should you be . Nightly Business Report (–) Rate This. Episode dated 20 August 30min | News | Episode aired 20 August Previous All Episodes () Next Add a Plot 20 August (USA) See more» Company Credits.
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Aug 20, · Tonight on Nightly Business Report, how concerned should you be about today’s steep selloff in stocks? And, from water main breaks to aging dams, the next part in our series ‘The Big Fix. Gharib left NBR on December 31, ; she was replaced on January 5, by Sue Herera, previously Mathisen's co-anchor on CNBC's Power Lunch.
On March 9, , Mathisen left the program, and was replaced three days later by original Power Lunch anchor Presented by: Sue Herera, Bill Griffeth.
“Nightly Business Report produced by CNBC” (NBR) is an award-winning and highly-respected nightly business news program that airs on public television.