NationStates

Oh, and btw, the DOW is down 500 points today, for a total of about 1,000 points since the stock market opened yesterday.

* Indexes down: Dow 2.12%, S&P 2.08%, Nasdaq 1.92%

* Sept. U.S. private payrolls grow slower than expected

* Ford falls as quarterly auto sales drop

* Activision Blizzard down on Bernstein rating cut

* Lennar up on better-than-expected profit (Updates to early afternoon)

By Medha Singh and Arjun Panchadar

Oct 2 (Reuters) - Wall Street's main indexes were on course for their sharpest drop in nearly six weeks on Wednesday as a clutch of recent data, including a report on private sector hiring, suggested that trade tensions were taking a toll on the U.S. economy.

All the 11 major S&P sectors were in the red, with technology shares taking the biggest hit after tumbling 2.4%. Sectors, including industrial, materials, energy and financials, also shed more than 2%.

The ADP National Employment Report showed private payrolls growth in August was not as strong as previously estimated, and said "businesses have turned more cautious in their hiring," with small enterprises becoming "especially hesitant."

The report comes a day after U.S. factory activity contracted to its lowest level in more than a decade, triggering sharp falls in U.S. stocks indexes.

The recent set of weak data has shaken investor faith in the strength of the domestic economy, which had shown relative resilience in the face of slowing global growth and was a key reason for a rally in the benchmark index this year.

https://finance.yahoo.com/news/us-stocks-wall-street-drops-175708605.html

So, Trump is going to give 2 billion to autism research.
I wonder if he will take that away from vaccinations, since he believes the two are related...

The Alma Mater wrote:So, Trump is going to give 2 billion to autism research.
I wonder if he will take that away from vaccinations, since he believes the two are related...

How much do you wanna bet he'll give that grant under specific understanding that the scientists getting it are to "discover" a relation between autism and vaccines?

Gravlen wrote:

Oh, and btw, the DOW is down 500 points today, for a total of about 1,000 points since the stock market opened yesterday.

* Indexes down: Dow 2.12%, S&P 2.08%, Nasdaq 1.92%

* Sept. U.S. private payrolls grow slower than expected

* Ford falls as quarterly auto sales drop

* Activision Blizzard down on Bernstein rating cut

* Lennar up on better-than-expected profit (Updates to early afternoon)

By Medha Singh and Arjun Panchadar

Oct 2 (Reuters) - Wall Street's main indexes were on course for their sharpest drop in nearly six weeks on Wednesday as a clutch of recent data, including a report on private sector hiring, suggested that trade tensions were taking a toll on the U.S. economy.

All the 11 major S&P sectors were in the red, with technology shares taking the biggest hit after tumbling 2.4%. Sectors, including industrial, materials, energy and financials, also shed more than 2%.

The ADP National Employment Report showed private payrolls growth in August was not as strong as previously estimated, and said "businesses have turned more cautious in their hiring," with small enterprises becoming "especially hesitant."

The report comes a day after U.S. factory activity contracted to its lowest level in more than a decade, triggering sharp falls in U.S. stocks indexes.

The recent set of weak data has shaken investor faith in the strength of the domestic economy, which had shown relative resilience in the face of slowing global growth and was a key reason for a rally in the benchmark index this year.

https://finance.yahoo.com/news/us-stocks-wall-street-drops-175708605.html

The slowdown is coming, which means people will pay attention more and scrutinize the administration. Not great timing for Trump.

Gravlen wrote:Oh, and btw, the DOW is down 500 points today, for a total of about 1,000 points since the stock market opened yesterday.

* Indexes down: Dow 2.12%, S&P 2.08%, Nasdaq 1.92%

* Sept. U.S. private payrolls grow slower than expected

* Ford falls as quarterly auto sales drop

* Activision Blizzard down on Bernstein rating cut

* Lennar up on better-than-expected profit (Updates to early afternoon)

By Medha Singh and Arjun Panchadar

Oct 2 (Reuters) - Wall Street's main indexes were on course for their sharpest drop in nearly six weeks on Wednesday as a clutch of recent data, including a report on private sector hiring, suggested that trade tensions were taking a toll on the U.S. economy.

All the 11 major S&P sectors were in the red, with technology shares taking the biggest hit after tumbling 2.4%. Sectors, including industrial, materials, energy and financials, also shed more than 2%.

The ADP National Employment Report showed private payrolls growth in August was not as strong as previously estimated, and said "businesses have turned more cautious in their hiring," with small enterprises becoming "especially hesitant."

The report comes a day after U.S. factory activity contracted to its lowest level in more than a decade, triggering sharp falls in U.S. stocks indexes.

The recent set of weak data has shaken investor faith in the strength of the domestic economy, which had shown relative resilience in the face of slowing global growth and was a key reason for a rally in the benchmark index this year.

https://finance.yahoo.com/news/us-stocks-wall-street-drops-175708605.html

The markets are all run by robots now, which causes these sudden jerks whenever the they all hit the same trigger. I've stopped reacting to single day or one or two day sudden movements in the stock market (well, in so much as my 'no money to invest anyway' ass reacts to the markets at all). When it's a trend over the course of a week or two, then...

Cannot think of a name wrote:

Gravlen wrote:Oh, and btw, the DOW is down 500 points today, for a total of about 1,000 points since the stock market opened yesterday.

* Indexes down: Dow 2.12%, S&P 2.08%, Nasdaq 1.92%

* Sept. U.S. private payrolls grow slower than expected

* Ford falls as quarterly auto sales drop

* Activision Blizzard down on Bernstein rating cut

* Lennar up on better-than-expected profit (Updates to early afternoon)

By Medha Singh and Arjun Panchadar

Oct 2 (Reuters) - Wall Street's main indexes were on course for their sharpest drop in nearly six weeks on Wednesday as a clutch of recent data, including a report on private sector hiring, suggested that trade tensions were taking a toll on the U.S. economy.

All the 11 major S&P sectors were in the red, with technology shares taking the biggest hit after tumbling 2.4%. Sectors, including industrial, materials, energy and financials, also shed more than 2%.

The ADP National Employment Report showed private payrolls growth in August was not as strong as previously estimated, and said "businesses have turned more cautious in their hiring," with small enterprises becoming "especially hesitant."

The report comes a day after U.S. factory activity contracted to its lowest level in more than a decade, triggering sharp falls in U.S. stocks indexes.

The recent set of weak data has shaken investor faith in the strength of the domestic economy, which had shown relative resilience in the face of slowing global growth and was a key reason for a rally in the benchmark index this year.

https://finance.yahoo.com/news/us-stocks-wall-street-drops-175708605.html

The markets are all run by robots now, which causes these sudden jerks whenever the they all hit the same trigger. I've stopped reacting to single day or one or two day sudden movements in the stock market (well, in so much as my 'no money to invest anyway' ass reacts to the markets at all). When it's a trend over the course of a week or two, then...

I thought they stripped out most of the automatics after 2008?

Nea Byzantia wrote:

Vassenor wrote:
The voter suppression that the GOP admitted to.

Mother Jones, really? Is that the best you got?

Writing articles off based entirely on the publication. Everybody drink.

Vassenor wrote:

Nea Byzantia wrote:Mother Jones, really? Is that the best you got?

Writing articles off based entirely on the publication. Everybody drink.

You do it all the time with right wing sources lol

Vassenor wrote:

Nea Byzantia wrote:Mother Jones, really? Is that the best you got?

Writing articles off based entirely on the publication. Everybody drink.

You do realize you do that all the time?

Fartsniffage wrote:

Cannot think of a name wrote:The markets are all run by robots now, which causes these sudden jerks whenever the they all hit the same trigger. I've stopped reacting to single day or one or two day sudden movements in the stock market (well, in so much as my 'no money to invest anyway' ass reacts to the markets at all). When it's a trend over the course of a week or two, then...

I thought they stripped out most of the automatics after 2008?

Couldn't find anything on that and when I googled automated stock trading it was a bunch of services and articles on how and if to use one. Which isn't to say definitively no, but I hadn't heard of it and at least some form of automated trading still exists.

Vassenor wrote:

Nea Byzantia wrote:Mother Jones, really? Is that the best you got?

Writing articles off based entirely on the publication. Everybody drink.

Vassenor wrote:

Fenriis wrote:http://www.breitbart.com/london/2015/10 ... migration/

Oh, Breitbart said it. Guess it must be true.

Hmmm.....

North German Realm wrote:

The Alma Mater wrote:So, Trump is going to give 2 billion to autism research.
I wonder if he will take that away from vaccinations, since he believes the two are related...

How much do you wanna bet he'll give that grant under specific understanding that the scientists getting it are to "discover" a relation between autism and vaccines?

Andrew Wakefield Did Nothing Wrong

Galloism wrote:

Vassenor wrote:
Writing articles off based entirely on the publication. Everybody drink.

Vassenor wrote:Oh, Breitbart said it. Guess it must be true.

Hmmm.....

Mother Jones has a history of outright lies?

Gormwood wrote:

Galloism wrote:

Hmmm.....

Mother Jones has a history of outright lies?

They are prone to exaggeration. If only there was a primary source you could look at to judge the truth for yourself.
https://www.iheart.com/podcast/477-wisn ... d=29180917

Gormwood wrote:

Galloism wrote:

Hmmm.....

Mother Jones has a history of outright lies?

Uh, sometimes. They've also majorly misrepresented things. They notably conflate red pillers with the men's rights movement, and argue r/TheRedPill is a men's rights forum, even though r/MensRights and r/TheRedPill hate each other. They're not as bad as Breitbart in a lot of ways, but that's not really relevant is it?

Vassenor dismisses sources based on publication all the time. In fact, I daresay most people do to some extent (how seriously would you take something from Infowars, for example - #Nottherealkiller, #Findthegayfrogs), but Vassenor criticizes someone for doing the same.

Galloism wrote:

Gormwood wrote:Mother Jones has a history of outright lies?

Uh, sometimes. Or at least, they've majorly misrepresented things. They're not as bad as Breitbart, but that's not really relevant is it?

Vassenor dismisses sources based on publication all the time. In fact, I daresay most people do to some extent (how seriously would you take something from Infowars, for example - #Nottherealkiller, #Findthegayfrogs), but Vassenor criticizes someone for doing the same.

It is a valid point. I have a tendency to read from the NYT, Reuters, Economist, BBC, Washington Post, CNN, AP, WSJ, and Business Insider but these sources are, to say the least, are very reliable in some form though that's stretching with the likes of CNN.

Edit: the other important thing I'll mention is how these news sources cite their work. With the respective names I've listed above, they draw from reliable sources for the most part. MotherJones, the article I just read, cited sources I've never even heard of before. It's questionable at best.

Vassenor wrote:

Nea Byzantia wrote:Mother Jones, really? Is that the best you got?

Writing articles off based entirely on the publication. Everybody drink.

You’re the pinnacle of hypocrisy

Aureumterra wrote:

Vassenor wrote:
Writing articles off based entirely on the publication. Everybody drink.

You’re the pinnacle of hypocrisy

Oh here we go.

So, a couple of highlights I see:

1. The Whistleblower contacted the Intelligence Committee to ask for guidance on how to report the complaint. Trump, of course, has decided to make the accusation, without evidence, that Schiff "help write the complaint" despite the fact they didn't see the complaint in advance and ironically, Trump was citing the NYT to backup his ridiculous assertion, which is ironic given he dubs them fake news. He calls the Ukraine Issue the greatest hoax yet.

2. Justice Department tells White House to preserve all presidential records, including notes of Trump-foreign leader calls. This is no surprise as that's important to do so it seems to it's a clear cut warning to "don't destroy or conceal this stuff".

Zurkerx wrote:

Gravlen wrote:

Oh, and btw, the DOW is down 500 points today, for a total of about 1,000 points since the stock market opened yesterday.

* Indexes down: Dow 2.12%, S&P 2.08%, Nasdaq 1.92%

* Sept. U.S. private payrolls grow slower than expected

* Ford falls as quarterly auto sales drop

* Activision Blizzard down on Bernstein rating cut

* Lennar up on better-than-expected profit (Updates to early afternoon)

By Medha Singh and Arjun Panchadar

Oct 2 (Reuters) - Wall Street's main indexes were on course for their sharpest drop in nearly six weeks on Wednesday as a clutch of recent data, including a report on private sector hiring, suggested that trade tensions were taking a toll on the U.S. economy.

All the 11 major S&P sectors were in the red, with technology shares taking the biggest hit after tumbling 2.4%. Sectors, including industrial, materials, energy and financials, also shed more than 2%.

The ADP National Employment Report showed private payrolls growth in August was not as strong as previously estimated, and said "businesses have turned more cautious in their hiring," with small enterprises becoming "especially hesitant."

The report comes a day after U.S. factory activity contracted to its lowest level in more than a decade, triggering sharp falls in U.S. stocks indexes.

The recent set of weak data has shaken investor faith in the strength of the domestic economy, which had shown relative resilience in the face of slowing global growth and was a key reason for a rally in the benchmark index this year.

https://finance.yahoo.com/news/us-stocks-wall-street-drops-175708605.html

The slowdown is coming, which means people will pay attention more and scrutinize the administration. Not great timing for Trump.

Next press conference:
"Fake slowdown, people. It's another deep state hoax. These networks are controlled by the Illiminati. They just put numbers up on the screen in red ink to destroy confidence and hurt my reelection chances. You'll see I'm right. It's fake economic news. We'll see."

Washington Resistance Army wrote:

Vassenor wrote:
Writing articles off based entirely on the publication. Everybody drink.

You do it all the time with right wing sources lol

The Emerald Legion wrote:

Vassenor wrote:
Writing articles off based entirely on the publication. Everybody drink.

You do realize you do that all the time?

Aureumterra wrote:

Vassenor wrote:
Writing articles off based entirely on the publication. Everybody drink.

You’re the pinnacle of hypocrisy

Really cool how you all jump at Vass here, but didn't see fit to enlighten Nea Byzantia about the additional sources provided just a few posts after the one he quoted or about the link in the Mother Jones article to a recording of the radio show in question.

Ifreann wrote:

Washington Resistance Army wrote:
You do it all the time with right wing sources lol

The Emerald Legion wrote:
You do realize you do that all the time?

Aureumterra wrote:You’re the pinnacle of hypocrisy

Really cool how you all jump at Vass here, but didn't see fit to enlighten Nea Byzantia about the additional sources provided just a few posts after the one he quoted or about the link in the Mother Jones article to a recording of the radio show in question.

Vass is the easier target.

Ifreann wrote:

Washington Resistance Army wrote:
You do it all the time with right wing sources lol

The Emerald Legion wrote:
You do realize you do that all the time?

Aureumterra wrote:You’re the pinnacle of hypocrisy

Really cool how you all jump at Vass here, but didn't see fit to enlighten Nea Byzantia about the additional sources provided just a few posts after the one he quoted or about the link in the Mother Jones article to a recording of the radio show in question.

You expect people to listen to sources that contradict their narratives that can't be written off out of hand with accusations of bias?

Vassenor wrote:

Ifreann wrote:

Really cool how you all jump at Vass here, but didn't see fit to enlighten Nea Byzantia about the additional sources provided just a few posts after the one he quoted or about the link in the Mother Jones article to a recording of the radio show in question.

You expect people to listen to sources that contradict their narratives that can't be written off out of hand with accusations of bias?

Hope springs eternal.

Moral Absolutism Inc wrote:

Zurkerx wrote:
The slowdown is coming, which means people will pay attention more and scrutinize the administration. Not great timing for Trump.

Next press conference:
"Fake slowdown, people. It's another deep state hoax. These networks are controlled by the Illiminati. They just put numbers up on the screen in red ink to destroy confidence and hurt my reelection chances. You'll see I'm right. It's fake economic news. We'll see."

And a black Sharpie line graph going upward.