to help us answer this, i want to bring in barry ritholtz. mike mcdonough who has worked and focused a lot .n china michael, you say absolutely, we have been overreacting. mike: nothing has really changed from a month ago to today in china. things may look a little better if you look at the underlying. betty: how? mike: china has a lot of problems. if you look at the effect the stimulus they have done has had on the economy looks like there has been a bottoming. if you look at some of the manufacturing indices that are out there, things look a little better on the fundamental side. the equity performance in china and economic fundamentals have been divorced for a long time. betty: it is retail traders in the chinese market. mike: there was a university study in china that showed that of the new investors that have entered the chinese equity market in the past year, to thursday not have a high school degree. you basically have people who have not finished high school holding the world's financial markets captive. barry: i don't think you need

joining me is barry ritholtz, chief investment officer at .ritholtz wealth managemen zach karabell is the head of global strategy at envestnet. and scarlet fu is co-anchor of bloomberg markets on bloomberg news. i am pleased to have all of them here tonight observe this on the day on wall street. what is going on? >> this is a narrative that's been in place a couple of weeks. began with concern china's economic model which has been shifting in the past year will build to maybe a consumer economy in china, but means they're consuming a lot less oil and raw materials. those prices are cascading. the financial system was geared toward energy and commodity prices at a certain price, and that then set in motion this kind of cascade effect around the world that all the assumptions that people have going into the year were then going to be incorrect and that we were potentially on the verge of a significant financial meltdown. that's the narrative in play now and it's affecting stocks in the united states, it's affecting stocks in china and europe. >> rose: do a significant number of people

we talk to ba barry ritholtz, zh karabell and scarlet fu. >> sometimes people get lost in the day-to-dayht of the big picture. this has been a post crisis recovery. this time it's different. post-credit crisis recoveries tend to be weak and subject to a lot of fits and starts and, on top of that, we have a market that's recovered over 250% in the past seven years. so the easy money has been made. the huge move off the lows have been made, and now we're entering a phase where things a

andd: shannon pettypiece barry ritholtz. thank you for being with us. bank begins its two day meeting on "bloomberg go." ♪ david: the fed's next move, when policymakers start meeting today, i much of an effect will market volatility have on them? chinese stocks plunge as investors worried that capital of lows will increase. and behind closed doors as greece struggles to survive a mountain of debt. from yanis for focus -- yanis varoufakis. ♪ welcome to "bloomberg go." i'm david weston. stephanie: i'm stephanie ruhle. -- asited as i'm he excited as i am to hear from excited tots -- i'm hear from brendan greeley. -- stephanie: many times he rides motorcycles. you know doesn't write a motorcycle but does play a fiddle, vonnie quinn. vonnie: less icon in iowa, bernie sanders took part in a town hall for the democratic presidential candidates. he said he is confident voters will back his plan for single-payer medical coverage. bernie sanders: it is time in my view, for us to have adverse to take on the insurance companies, and provide health care to all peopl