Listen: United States, Rick Applegate, Federal Reserve discussed on The KDKA Radio Morning News with Larry Richert and John Shumway
"Here's John chamois. Federal investigators have now inserted themselves into the priest sex abuse allegations in Pennsylvania across the state subpoenas have been issued one person has died in a shooting in Vander grip. We will have the latest on that. And looking ahead to tonight's drawing for them mega millions all coming up with Paul Rasmussen in eight minutes. Talk on NewsRadio ten Katie ups and downs ups and downs. And yesterday was a down check in with Rick Applegate. Good morning morning, fellas. Once again, a major US stock indexes posted sharp declines at the closing bell. And once again, it could have been a lot worse. The Dow Jones industrial average was all three hundred twenty seven points. One point three percent when the trading day ended but had been down as much as four hundred seventy points at its session lows. The day's volatility was attributed to the Federal Reserve's hawkish monetary policy. As discerned from the minutes of the Fed's September meeting that were released on Wednesday. The feds persistence to raise interest rates worries Wall Street for the increase borrowing costs that will follow and the alternative to stocks that higher bond. Yields will offer investors. There was also the cell often. China's Shanghai index that contributed to our stock markets drop Chinese stocks reached a four year low with a two point nine percent loss in the Shanghai composite. US Chinese trade tensions show, no signs of easing. And that has globe. Economy's anxious of emerging market troubles spreading to the more developed markets. There is a rally in Chinese stocks happening today, and while solid earnings growth reports released yesterday were overlooked. They could provide for some bounce back at the morning bell. As we see in stock futures. The SNP opens one point four percent lower after yesterday's losses. The NASDAQ shed one hundred fifty seven points down two point one percent. And that's where we'll begin the financial day, fellas. All right. Have a great weekend. Rick. You gotta get the lottery. Tickets a star is born already. Did you got yours? Good. Yeah. We're good. I got the winter's night call you because we want you to."