Like lemmings to the sea; investors pulled another $19 billion from stock funds over the past week, seeking safety in government bond funds, which have enjoyed the longest run of inflows in four years. (Reuters)
It is the Fed's desire to see inflation move higher. The government's August producer price index saw a change of zero, with the core rate, excluding food and energy components, increased 0.3%. (Fox Business News)
It is sneaking up on us again and could led to more market volatility; the Federal debt ceiling. Treasury Secretary Jack Lew says the government can stay funded by extraordinary measures through late October. (CNBC)
General Electric agreed to sell GE Capital's transportation finance unit to BMO Financial for an undisclosed price. GE said the latest deal brings its total for 2015 sales to $85 billion as it sheds its financial businesses. (CNBC)
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The S&P 500 is down 4 and the NASDAQ is down 9. The MSCI International Index is down 0.79%.
Oil is down $1.15 at $44.75 a barrel. Saudi Arabia has rejected a summit on prices which could lead to more supply as non-OPEC supply is likely to see its biggest drop in more than two decades in 2016. (Reuters)