-- useudi arabia use its oil as its weapon of choice against iran? we begin with the markets.

-- useudi arabia use its oil as its weapon of choice against iran? we begin with the markets. so much more the trend of let's turn a new leaf over. drop, at00 with an 8% one point all three major indexes were down. we saw a bit of a turnaround and saw a reversal. we are still down, no doubt about it. all 30 members of the dow industrials were lower. now we have ended with three gainers on the day. walmart, apple, and caterpillar all managing. joe: all three have something in common, they have been obliterated last year. a real global selloff. it started with china losing nearly 7% last night. they hit their circuit breakers and then decided to pull the plug on the day. we are just going to stop trading. they stop did around 1:30 in the afternoon local time and ended trading lots of concern about the economy, also the expiration of a shortselling ban that was implemented last summer when there was the earlier bottom market volatility. that is possibly going to be polled later this week. that reverberated. oft i looked at in terms what health stocks reclaimed in some of those lo