The Asian stock rout continued overnight, with the Japanese Nikkei dropping 4.8%, its seventh decline in eight sessions to the lowest close since October 2014. The 10-year Treasury yield hit a low of 1.53% yesterday. That is an August 2012 low. (Reuters/CNBC)
Big bank AIG, reported a fourth-quarter loss of $1.3 billion versus a profit of $1.4 billion last year. The AIG board approved raising their dividend by 14% to 32 cents a share and increasing the stock buyback by $5 billion. (Market Watch)
AT&T will conduct 5G field trials by the end of the year. 5G promises speeds 10-100 times faster than today's average 4G LTE connections. (USA Today)
Join us this weekend for Financial Focus Radio when we will give you a tour of the bad investments being pushed in this market down turn.
The S&P 500 is up 15 and the NASDAQ is up 36. The MSCI international index is up 0.14%.
Oil is up $1.25 at $27.4 6 a barrel. Oil prices have tumbled over 70% since mid-2014 as producers pump 1-2 million barrels of crude every day in excess of demand. Global demand is at all-time highs. (CNBC)
Gold is down $8 at $1240 a Troy ounce. Gold has gained 5.5% this week, the biggest such gain since October 2011. (Fox Business News)