Stocks (^DJI, ^GSPC, ^IXIC) are selling off at the midday mark, with the financial sector (XLF) leading the way down and only telecom (IYZ) still in the green. Alan Valdes, director of floor operations at Silverbear, joins us live from the New York Stock Exchange.
To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Rick Newman and Seana Smith.
Investors punish United after video of man dragged out of plane
United Airlines is suffering financial fallout over the viral video of a man being dragged off the plane. The stock is down over 4% today, wiping out nearly $1 billion of United’s market value.
The effect of CEOs on Trump’s policies and thinking
Let’s turn now to President Trump’s meeting today with more CEOs (about 20 of them). This time, it’s to talk about infrastructure and tax reform. What effect have CEOs had on Trump’s thinking and the policies he’s pursuing or not pursuing?
Farmers storing grain in airports, parking lots, empty fields
You’ve heard of the oil glut. But there’s also a glut in grains that’s forcing farmers around the world to make difficult decisions. After three years of high surplus, farmers are storing excess grains in unlikely places: airport tarmacs, fields and parking lots.