the dow jones off more than 400 points.et's get straight over to julie hyman with a look at the latest. julie: we are seeing the dow jones off more than 400. apple was higher but earlier dropped as much as 13%. then we saw a recovery as we saw analyst saying it would be a good buy after we saw tim cook writing a letter saying demand is strong. ist turned higher and now trading lower again, mirroring the project tree of the market overall. thee a huge weight on the 500. we saw a similar trajectory with facebook. now it's down by more than 3%. general electric with some dramatic movement when it fell by 21%. it hasn't recovered much and is still down by more than 3%. stocks have been taking it on the chin, and this is the worst-performing group year to date. we've been trying to distinguish between these highfliers that have been brought low recently, but the low performers have gotten worse. chevron,il, schlumberger are some of the worst today. investors asking what the selloffs mean for them. when they think they would see

and last but not least, four names on dow jones industrial average out of the dow 30 that are now positiveo the week. after that selloff that would be apple and nike and a exxon so you have some names going into the green. ben willis is seeing some institutional buying. steven said he is worried about short covering and watching 1926 on the s&p 500 as the level. >> for those of you driving and listening at 1939 right now. dow jones industrial is now 600 points nicole thank you very much. listen, she also just talked about a situation where we have major, major move on monday with the dow jones industrial names they're worth ten names minimum that were in bare market territory, and now, yeah nicole. >> to hear the shout 630 points to theup side. >> quick one. you blink and you missed it may see this accelerate because we're less than a minute away from 345 p.m. eastern. remember when i told you 15 minutes left in the close. and that's when you're going to start to see some real action. here we go so we're looking at a real gain of 613 point. biggest day in seven years. nicole told you but f

points, down 700 points, and as soon as the session started in just less than five minutes, the dow jones industrial reflected all of fear following 1, 089 points, that's the biggest one day drop ever, beating the drop in may of 2010. the dow even briefly falling below 16,000 but then the bulls come roaring back. what do we see now? we've got the dow jones trillion still down by 662 points, accelerating losses because at one point we were down only about 120 points with the rest of 2,000, and getting down three and three-quarters percent, the s&p down four and a third percent with this final hour of trade, all these traders around me are saying watch what happens. see if any headlines come through. we'll see whether the bulls or the bears are going to win this fight. it's the markets, it's your money, we know in this final hour of trade anything can happen. who's going to win this one? the bulls or the bears? let's start the countdown. no commercial breaks. we're going straight through to 4:00 p.m. eastern. don't move. ♪ ♪ >> live from the floor of the new york stock exchange where one tr

you had massive drops at the beginning of the day in the dow jones industrial average was down about 0% more at the open. nows&p you can see here looks like friday, better than friday. the dow looks a lot better than friday this morning and especially better than what we saw a writer the open. drop of 1083 points at the open. pimm: right. orders placed prior to the opening, we saw what happened without orders, taking their ues on what happened, dax, from is the april 10, that is when it hits -- hit its high for the year. it is now down 22%. we talk about a correction in the u.s. the dow jones industrial average is down 10%. 20% is what we would term a rare market. they were chosen by everyone arbitrarily. i want to take a look at specific movers in the market today. apple is up 1.5% after the stock opened this morning at $92 per share. wanted to bring up general motors down for and one fourth percent, there is of course the theory general motors is linked to the production of motor vehicles and china. they just announced two or millioneks ago at $500 -- a $5 billion investment overall

stocks fell back once again and by the close the dow jones industrial average fell 588 points to 15,871. the nasdaq shed nearly 4%. the s&p 500 now in correction territory along with the dow and the nasdaq slid 77. but even that doesn't tell the whole story. the dow traveled more than 4900 points in today's session. the index suffered its biggest ever and lost $700 billion in market cap. so what are money managers telling investors like you? our guests tonight still believe the market is in good shape. he sees the selloff as an opportunity for investors. he's neil hennesse, good to have you, welcome. >> thank you, sue. >> what makes you think the market is still in good shape given the volatility we've seen today? >> sue, we've seen volatility all year long. the dow jones excluding today on the close has traveled over 18,000 points on the ups and downs. so volatility is nothing new. but i think what people are losing the idea of what is happening out there is the economy is still growing at 2%. we've been through this before when you go back to october of '87 we lost 25% of the market v

the dow jones industrial up officially 150 points.s a little bit of a touchy subject because we had been up 381 points the high of this session. today, though, is on track to be the 5th most active trading day of the year, currently and we're looking for this right now. volume running 22% above the one-month average. so there are traders involved. again, this is pretty incredible for a quiet late august day. usually things calm down. people take the last two weeks leading up to of course labor day. not happening now. we've got conviction, we've got trading, we've got action right here on the floor o of the new york stock exchange. so what's the most active sector of the day? the oil stocks. everything from the integrated toll oil services companies, this is pretty darn incredible. oil above the 42-dollar a barrel level, up more than 10% of the close, 10 and a quarter percent, the sector itself is having its biggest gain in four years. and if you think oil prices only affect prices at the pump, think again. look at the stocks that you

we are now up 62 points for the dow jones industrials. folks, we have been up 441 at the high of the session. the s&p has been up 18, we are now up 5. the russell 2000 is about to turn negative, up just a half a point at the moment. and again gold, now, is still losing steam, it's down $13, but it had been down $14. ten-year yields stuck at 2.13%. let us wring in ward mccarthy, worked at the richmond federal reserve, now chief economist at jeffrey's and jim owner wise is our man who has a lot of money in china. he's got the opportunities fund, 80% of his assets are in china. jim, i will begin with you. what are you hearing about what's going on? i don't know if you heard the report that the traders are hearing some chatter there may be a little political instability in china right now? you've got a bead on what's going on. what are you hearing? >> yeah. but i don't have good confirmation on that one. i think we've got to wait and see how that materializes. when i was in china this summer, it was one of the first times i asked people on th

added to the prestigious dow jones industrial average march march 19th. since then, it can put the value even though it not immune to curse in the says company shares in the month leading up to their edition but underperform in the months that followed that. reasons for the recent sell off disappointing iphone sales last quarter and a lackluster response to the apple watch. either way, the recent selling is wiped out when hundreds of dollars for apple to put that in active for you. and also embraced more than $2 billion. how much people are worth when they attacked to apple. sandra: went from roughly $15 of value to 12 and three quarters. sandra: nobody likes him he didn't give exact figures on the watch and face performing than the iphone out of the gate on the initial sales. let's get you caught up in global market action this morning. stocks in asia and high news out this morning was enough to boost the shanghai which fell 1.6% but it did help the rest of a show which finished mostly to the upside. green arrow things you see the ftse, cac and dax and f

the dow jones is down about 650 points right now. almost 4%. that's better than where it started because immediately we watched it after the opening bell rang and it dropped about a thousand points, even worse over in

today the dow jones industrial average plummeted 1,000 points early in the trade session. that is largest drop ever. now the dow recovered some of that lost ground. this chart shows the dow friday and today. it finished monday down 588 points, or 3.6%. fm everyonof course everyone waw if the worst is over, the truth is no one knows. regardless what happens in the next weeks and months. tonight i'm going to tell you why this week's market selloff is different than 2008. the most obvious difference, the source of the difference was home grown. the insane housing market had collapsed and taking the u.s. economy down with it. the poisonous securities that the banking industry had allowed, introducinged credit swaps into our vocabulary. s&p 38% decline in 2008 wiped out nest eggs. it was a harbinger of domestic economy that produced unemployment of 10% in october of 2009. the united states today is a very, very different situation. unemployment is now down by almost half from that peak, 5.3%. the u.s. housing market and overall economy are in solid shape. in july builders starte

dow jones industrial average plummeted 358 points to 16,990, breaking below 17,000. nasdaq tumbled 141 points and the s&p 500 shed 43. we'll see what tomorrow brings. >> what a day it was. >> yes. that does it for "nightly business report." i'm sue herera. thanks for joining us. >> and thanks for me as well. i'm tyler mathisen. have a great evening, everyone. we'll see you back here tomorrow. >> announcer: a kqed television production. ♪ >>> it's like sort of old fishermen's wharf. like family discount. >> a little like jean-gignon >> the calories -- >> it's like an investment. >> oatmeal with a touch of wet

. >> reporter: the dow jones plummeted again at the opening bell, dropping more than 1,000 points in the first few minute of trading. >> for me, it felt like the crash of 87. >> the sell off continued last week's tumble on wall street, the dow plunged 530 points friday, its worse session in four years. and the markets worse week since 2011. >> fears of china's economic slow-down are shaking investors, stocks fell across asia monday morning, which china's main index tumbling 8.5%. it biggest one day lost in eight years. >> this is a re-pricing of the global stock market.

>>mark: another big drop from the dow jones industrial average investor spying china be by one of the currency to percent yesterday it was dawn of a 2 1/4

we are seeing is the dow jones that is down more than 100 point. e orbe the worst worst month we have had for the dow since 2010, and the worst month for the s&p since 2011 if the numbers persist. .7 5%. off 100 points on the dow jones industrial average. i want to quickly pull of oil and talk about it. we will continue to talk about it a lot. a fascinating story. big enough moves to justify more than one of us pointing it out. opec saying they will collude with other producers in order to put a floor on prices. as a result $3.50 per game barrel. showed up asly chart to show your over the past three days we have seen the biggest gain in 15 years because my math was fairly poor. i forgot 1990 was one decade back -- even further decade back. i have to chart up on my terminal. there you go. mistake i made was by singing if you have a bloomberg terminal at home, try this function. you won't be able to because it is only terminal -- internal only. you can always e-mail me or call me up and ask if you have the commodity you want to check on. 26% gain in t

. >> if you think about it, the dow jones industrial stocks lost $338 billion in market cap just last week alone roughly the equivalent of losing exxonmobil. will you let's take you through the volatile week. first of all, on monday, it wasn't a big loss of a day. we did know here, though, that china had devalued its currency. it's the first time it's happened in quite some time and provided a setup for what we saw later on in the week. you can see the central bank sets the yuan per the dollar. it hasn't done that kind of a move here in years to devalue the currency. again, the markets didn't really have a shake until maybe we saw what happened here on tuesday. here in the home front, dueling economic reports and earnings coming out. walmart versus home depot on the housing side of things. walmart took a hit. home depot held up pretty well. this is playing into things right now especially in the retail front, the health of the american consumer key there. that makes up two-thirds of the economy. then interesting things happened. first of all, on wednesday, the fed minutes. remember, t

dow jones was up 441 points. the rally was wiped out, by a stunning sell off in that last hour of trading. the dow jones actually saw its biggest one day reversal since 2008. what today will bring? who knows. nicole and erika. >> yeah, jill, we're always hearing about the outcome of the day but what is behind these crazy swings? what makes that sort of thing happen? >> reporter: well, investors are really concerned about china's economy and whether a slow down there will spread to other market. remember china is one of the biggest trading partners to the united states. chinese consumers are a huge market for american companies, like apple, and the other things to remember economist says the market hasn't had a correction in about four years so they are overdue. nicole and erika, i have been down here at the stock exchange for a year and a half? for most of this time the the markets has gone up, up, up and whole time i had investors saying we are due for a correction. so this rally that we saw with the markets but

dow jones seeing its biggest point drop during a trading day in history. then biggest pint gain and another drop. vol la tell it will part of a global wave of selling triggered boy china's economic slow down. almost out of the gate this morning the dow jones industrial was down more than 1,000 points. index recovered most of that loss and fell again to close with biggest loss in four years down 588 points. every major index on wall street finishing the day in the red. >> don't panic. this has been a process that's been long in coming. we've known for quite sometime that the market was right for a pull back of some order. >> s&p 500 fell and the nasdaq ended the day down 179 points at 4526. >>> it's steamy out there now. that is all about to change. pop up storms heading into our area may not ab bad thing except for had you ward eskin but fox 29's meteorologist scott williams joins us live from outside our studios. scott you know i love the heat but things are going to cool down this week. >> we are watching a frontal boundary will bring up a couple of pop

the dow jones down just under 4%. the nasdaq is down just under 4%. that seems to be the number that wall street is down. 4%.n we will bring you more on that through the course of the evening. the french president francois hollande has been talking about those economic concerns. saying that hes believes the global economy is strong enough to withstand the china shock. talksal purpose of the with angela merkel is the crisis of -- was the migrant talks. >> europe experiences its worse refugee crisis since world war ii. it france and germany are standing side-by-side. angela merkel and francois hollande met to offer a unified response. >> it is currently not implemented. france, both call on all member states to realize this. especially when it comes to registering migrants, respecting minimum standards of accommodation, and minimum standards of health care. 800,000ny expects the to sign applications this year. they want welcome centers in greece to be set up as quickly as possible. delays cannot be tolerated according to angela merkel. eu members then c

dow jones industrial average plummeted 358 points to 16,990, breaking below 17,000. nasdaq tumbled 141 points and the s&p 500 shed 43. we'll see what tomorrow brings. >> what a day it was. >> yes. that does it for "nightly business report." i'm sue herera. thanks for joining us. >> and thanks for me as well. i'm tyler mathisen. have a great evening, everyone. we'll see you back here tomorrow. >> this program is made possible by: for those who venture off the beaten path, tucson is proud to be a little out there, a natural oasis that inspires the free spirit in us all. more information can be found at visittuscon.org. the coalition for sonoran desert protection is an alliance of conservation groups in arizona working to restore this environment for both people and wildlife.

that would be panic selling. >> absolutely. >> we are down now on the dow jones by 530 points. 500. one we are watching on the dow is ibm. 3.4% loss. that is one of the big pressures on the dow. don't go anywhere. s tom. i'm raph. my name is anne. i'm one of the real live attorneys you can talk to through legalzoom. don't let unanswered legal questions hold you up, because we're here, we're here, and we've got your back. legalzoom. legal help is here. diis critical for brain health?n brain food, hmmm. ensure has b vitamins that help support brain health - now that's smart nutrition. ensure's complete balanced nutrition has 26 vitamins and minerals and 9 grams of protein. ensure. take life in. daddy! lets play! sorry kids. feeling dead on your feet? i've been on my feet all day. dr. scholl's massaging gel insoles have a unique gel wave design for outrageous comfort that helps you feel more energized. dr. scholl's. feel the energy! behold, these are two can you spot the difference? the wind farm on the right was created using digital models and real world location-based specs tha

the dow jones industrial plummeted and opened back monday by the chinese markets falling more than 8%. the dow ended up losing 500 points that day. then just tuesday the final hour showed an outrageous selloff in a 200-point drop, the cumulative two-day loss, 800 points. totally different story on wednesday and thursday. a last hour rally driving the dow up 690 points and then thursday followed by a final hour rally and a 300-point close to the upside. a near 2,000 point rally, that, folks, is the biggest two-day rally for the dow in history. you can put that one in the books. that brings us to today. presidents charting out in beautiful jacksonville, wyoming at the so-called summer camp for bankers. discussing a rate hike come september, which could have happened rattle the markets, it could -- if it doesn't happen rattle the markets. will we see that september rate hike dead in the water because of china's economy? its plummeting stock markets, this week's volatilities. we asked minneapolis fed one-on-one, he is against the september rate hike. against an october, against a december

the dow jones finished the day down 531 points, more than a 3% drop.ous traders say concerns over china's slowing economy are driving fears in the market. let's get more. our business correspondent richard quest is standing by in new york. richard, this is bad. what's going on? >> what's going on is a fundamental fear that there is something nasty out there in the wider economy. the reason today and yesterday was china. the fear that china's growth is nowhere near the 7% that the government officially says. the fear that the bubble still has to burst, that the chinese stock market has further to fall. all of these things mashed up into a market that is also uneasy about when the feds are going to raise rates and one crucial factor, the price of oil. oil fell for a moment below $40 a barrel. everybody agrees there's a glut of oil on the world market. if you put this together, you end up with investors saying it's time for a correction. a long, overdue correction. it's been more than 1,000 days since we've seen something like this. >> and the markets hav

. >> they, john, the dow jones industrial average, the best measure of the u.s.nd global economy almost wiped out yesterday's losses until worries over china simply overtook investors once more. >> what a different a day makes. the biggest point drop that was ever seen with red across the big board, a sea of green could be seen most of tuesday until the final hour of trading when things fell apart. at the bell the dow jones down 200 points, most of that loss coming in the final 20 minutes. the reason for the positive vibe for most of the day, a move by the chinese government overnight. lower interest rates. a way of boosting china's slowing economy. >> the chinese reckon their economy will grow 7% this year, but few economists believe that. it may be as low as 3% and 4%. still, why did the dow jones industrial average bounce back at all for most of tuesday when there is still so much uncertainty in the global economy? it's time for a reality check where most americans focus their attention on homes, investments and jobs. things are pretty good and in the economy

dow jones to drop 1000 points in 2010. banks are accused of conspiring to manipulate foreign exchange rates. to pay $150ank is million of the total sum. recalling cars from -- volkswagen is recalling cars from the united states. several models are affected. the company wants to fix a problem that could prevent airbags from deploying. the german carmaker is currently reviewing if the issue exists in markets outside the united states. has roped in an nba superstar. adidas has been attempting to regain its foothold in the u.s. market, and the announcement is seen as a blow to nike. if you like sitting on long flights, emirates may soon have something for you. they will begin operating the world. flight in the from february, they will begin offering daily nonstop flights lasting 17 hours and 35 minutes, half an hour longer than the current longest offered by qantas, which goes from dallas to sydney in just under 17 hours. we will bring you the latest on the greek bailout which has been approved. host: think you very muchbsxñxñ

. >> developing news from wall street, it has been a risky road for invest arors where the dow jones industrial average dropping a thousand points after the opening bell. it has recovered and the lost ground the dow is off 344 points. business reporter jane king looks into the cause. >> it has been a dramatic day for the united states stock market with the dow down 1,3089 points, the biggest one day drop we have seen in the dow jones industrial average in history. if we closed hull points or more down it is the biggest loss of a day and all related to china is why we have seen the market impacting united states-based companies such as apple, that do a lot of business if china. we have seen apple now below $100 a share. it is probably in your 401(k) even if you do not own it outright it is a major holding of every major mutual fund losing a quarter of the value on april on slowing sales of everything but the iphone. the technical stock, especially, were hit hard because so many do business in china and depend on china for growth. it certainly felt like panic at the open today but it is

. >>> always are a wall street today after the dow jones industrials fell more than 500 points on friday. the stocks began falling last week with when mine announced it was devaluing its currency. nancy is live in london for us this morning. is wall street bracing for another down day? >> i'm sorry so say but it looks like that is the case, betty. u.s. futures are pointing to a lower open in the neighborhood 2% to 3% across the major indices and it was brutal last week across markets. the s&p 500 wipe off about 1.1 trillion dollar cap for the entire week and dow jones industrials wiped off 338 billion so a lot of loss across the board and indiscriminate selling across the sector and blue chip names in the dow are in bear market territory with apple down off 21% from recent highs. walmart is down just about 27% from its high in january. so some real concerns here for investors but we have been talking to analysts all morning and the messages do not panic. a lot of fear being generated around china. but we still have some uncertainty in that region and a lot of people are waiting for the c

the biggest intraday drop in the dow jones industrial average ever. then we came back and it looked like we were going to be steady through the day. but there is still a lot of worries about global growth. the european markets sold off and there's indications that there will be some pressure in selling in asia as well tonight. so it isn't over yet. the volatility is still there but i think it is good we finished off of the lows of the trading session. the traders out there, the institutions, the big banks, are trying to figure out whether or not we are actually forming a bottom in this market and whether they should step in and buy. >> anybody watching this sell-off friday might think this is a problem for the big boys. now we have seen what happened today. going forward, for those who have money in the market, their retirement, their 401(k), nest egg, how concerned should they be about what's going to happen over the next week? >> i think the next couple weeks are going to be volatile. it's that time of year. i think you should check with your invest

the dow jones down more than 1,000 points at the start of monday morning trading. giving a snapshot at a given moment, and the in the tell you all the need to know. the dow bounced back. before finally closing down and closing down 588 points after 3.8 off. the reason for the anxiety and confusion. first the health of china's economy. 40% of profits of the u.s. corporations come through china, and the economy there is slowing. no one knows by how much. beijing says the economy is growing by 70%. some reckon is could be lower. it could be 3-4%. couple of prospects in europe and uncertainty as to whether the federal research is about to raise confidence. now under $40 for the first time since february 2009. that is good for drivers, but terrible for countries and companies to get the oil out of the ground. all this helps to produce wild rides for stocks. it's not a good time to check a 401k. wait to see what happens on tuesday for that. antonio. the signs are that there'll be more pressure on share prices here. looking at what happens in asia, the main index are focu

dow jones industrial to open down 700 points this morning.0-point selloff on friday and 200 plus point selloff a day before. oil taking a hit again falling to a new 6.5 year low. phil flynn standing by right now with the indication how much lawyer can oil go in what is the connection string oil and stock. >> right now oil is coming into the major support area around $38 a barrel. that area tried to hold it in the last financial crisis when it fell they really made the fed move towards quantitative easing. that's an important area. we see demand destruction right before our very eyes. the selloff in global stock markets of freezer and also slow down demand. obviously, china is ground zero when it comes to the economic slowdown. china was ground zero for global commodity growth. put those two together and we have the worst possible outcome and now we see a lot of pressure in prices but it is not just oil. it is across the commodity spectrum. i saw a headline from across the soybeans had a six-year low. farmers look to export grains in china and

>> let's not get crazy, lowest high for the s&p 500 and dow jones industrial average. it was also lowest volume. i made calls. there was big short squeeze. there was some institutional participation. a lot of guys did not participate. there was not conviction you might hope for. >> when you say institutional, just to clarify, the large, fidelities of the world, large trades, guy again tick institutions making huge moves? >> not to name any names but yes. >> what happens tomorrow? do you get a sense we'll see follow-through from a big bullish move today? >> i think move was bullish enough we might be in different range than last night. i don't know if we'll test level such as that. anytime soon. i'm not convince everything is gummy bears and rose. >> that is good warning sign. because we've seen such unbelievable moves over the past couple days. i don't need to remind you guys, we fell 1089 points at one time for the dow jones industrials. you said to me that you had never seen anything like that in your 28, 30 years down there. >> no, i have never seen anything like th

however, if we put up the numbers of what the markets really trading at, you can see the dow jones industrialp -- back off the highs here. but when the board grows the dow was up 331 points. now, right now we're up about 196. so what the traders are doing as their they're going to other inputs of data and information. we don't really know why this is happening, but we have to make sure that we get these numbers to the public correctly and, again, this is a thompson issues. but one trader did just walk by me and say, liz, there's what we're hearing to be a global issue of internet pipes between broker dealers, big clients, that's all he would say, that's all he would say but just something to keep an eye on right here. trish: we've got 69 minutes until the close of trading and seeing an interesting phenomenon yet again, the market trading up despite being down, and up 331 solar is this another case of people getting nervous as we head into the close. i'll be right back in two you're late for work. you grab your 10-gallon jug of coffee, and back out of the garage. right into your wife's car. wi

the dow jones adding about 2.4%. u.s. futures likely to rise up to the dow jones yesterday, phenomenal. we actually saw it off more than 1000 points, the biggest move in history. bigger than the flash crash and the dog days of the financial crisis. u.s. futures pointing higher. i want to show you what happened on the stoxx 600. every single industry group was lower. minors off more than 9%. the real pain being inflicted. we saw every industry group falling. we saw the dax into their market territory. 20% off previous highs in germany. now we are starting to see a turnaround. the irony is the fact that the euro was seen as the haven more so than the swiss franc, the pound, the dollar, and the yen. today comingnow down slightly, coming off previous highs. people now recalibrating. where are the fundamentals? already, i am here in j.p. morgan analyst saying this is a buying opportunity. the fundamentals do not really a line -- them -- align. raymond james saying look at local, growth-driven european stocks. of course, the re

the dow jones closed down 588 points but this is after it fell more than a thousand points after the opening bell. marlie hall is on wallee strt with what it all means and what we can expect in the days ahead. >> trading on wall street monday was nothing less than a roller coaster. and like most scary rides the biggest drop was the first one. just 3 minutes after the opening bell, the dow jones industrial average lost more than 1,000 points. a hid hid -- a midday rally erased 90% of what was lost but it didn't last. the dow ended the day almost 600 points. tuckman tried to keep it in perspective. >> is this the end of the world? no. is this a crash? no. is it quite a sell-off? is it correction territory? perhaps. >> reporter: the sell-off started overseas as huge losses in china knocked more than 4% off of european markets. investors are concerned about china's crumbling economy but traders here at the new york stock exchange say today's losses can be a unique opportunity. >> from a trader, this is what we live for. >> reporter: markets around the globe react today the slowdown of ch

the dow jones tumbled 328 points, in what was the worst day of trading in u.s. equity markets. our economic correspondent joins us now to explain why a lot of factors triggered this off. >> there were a lot of factor at play. the two main culprits, one is concerns over global growth, specifically china, an engine of growth since the great recession. china's economy has been slowing down. the fear is it's slowing down more than people talk. what triggered the concerns last week, we had a surprised evaluation of the chinese currency. it hit the market like a bombshell. the fear is that it would trigger a round of competitive devaluations, this is what we are saying. >> following stumps in the equity marks, and there's fear that there could be worldwide containingon. >> basically what we are seeing is we have seen a lot of turmoil, and that is a concern. the concern is how it will impact prices. kazakhstan is the latest market to free currency to market forces. it dropped by a quarter. it's a huge devaluation. there has been south african as well. this is a concern. the u.s. dolla

five minutes after the opening bell over dow jones industrial average fell 100,000 points monday but why? blames i am. the heat index fell 8.5% monday, the biggest drop since february of 2007. >> keep your head at time like this because these stocks move around all over the place. >> reporter: fear of a global economic slowdown, is the world's second-largest economy. what does that mean for you? depends on your age. fox business. >> reporter: if your in your 40s knows what, set this out, you shouldn't even be watching the stock market would your in your 30s you are lucky as opposed to when it was higher. if you are in your 50s you will ride this out. >> 60 or older you should speak with a financial planner. >> reporter: it is time to have a discussion because you are approaching retirement age you don't want to have the majority of your retirement portfolio in stocks. it is that simple. >> reporter: a drop in crude oil, it is faster which means a further drop in the s&p 500. home to many energy company stocks but the current situation isn't all bad news for consumers. >> the price of

at the bell, dow jones down 200 points, most coming in the final 20 minutes. the reason for the positive vibe, a move by the chinese government overnight, low interest rates. a way of boosting economy. >> there are problems in the stock market, reflecting problems that may be deeper than we are aware of. >> the chinese reckon the economy will grow at 7%. few believe them, it could be as low as 3-4% the cut lead to a wave of buying spreading through europe. why did the industrial average bounce back when there is so much uncertainty in the local economy. it's time for a reality check in three areas most americans focus their attention on - homes, investment and jobs. overall things are good, and in the global economy, the u.s. is in healthy shake. after the last few days, it's best not to speak of it until it dies down. as for houseing, the post 2008 financial recovery is patch yip. the sector is on its feet. home owners in florida, arizona and california remain under water. >> the housing markets is looking good. consumer confidence came out. we are getting ne

you got this. >> 35mens to closing bell we are down 433 points on the dow jones industrial average. know, yesterday the dow fell 335 points, today's drop is steepest in today drops. dow has seen in four years since september 22nd of 2011, on that day, the dow dropped 528 points. okay adam shapiro is breaking down averages and tell us what is the most. energy is weak today, on fallen oil prices. technology is also another incredibly weak sector. >> all of us are taking hits today even if you don't own individual stocks. because they own some of these stock. let's look at the big losers on the dow as of right now. apple is down, it is biggest leading the dow down that as far as the set losses it is down .57%. microsoft down 6.6%. nike is down as well 4.5 a. goldman sachs trading down today an chevron is trading down today. we were talking earlier about exxonmobil with a 52-week low below 42 a barrel. there is one stock that despite it all a seem to be doing okay. i want to make sure they're still trading in positive territory, and yes they are. hewlett-packard is still in positive ter

the dow jones industrial average and the other in this is -- dow jones down 2.3%. energy shares are under particular strain and oil prices at fresh six-year lows. greece is seen as contributing to the downturn. the fresh election could undermine the new bailout. about in also concerns particular a slowdown in china. a gauge of chinese manufacturing in july put a gloomier picture of the world's second economy. this reading suggested that the chinese manufacturing is contracting. it is adding to or is that china will undershooting its targeted growth rate of 7% this year. for more on what is happening in the markets, i spoke to a market analyst at ig in london and he explained the reasons. >> you are looking at europe, you focus a lot on what is happening in greece but with the u.s. markets in particular, the focus is on china to another poor manufacturing reading coming out of china today and that goes hand-in-hand with the export markets. we saw a massive deterioration terms of exports from china, now we are seeing this massive deterioration in terms of the manufac

the dow jones ended today down 588- points. good evening, i'm pam moore. among the concerns after todays market plunge in the u.s. investors possibly getting skittish. which could mean trouble for local start-up companies. kron 4's kate cagle reports. >> : "the problem with running a start up is that you never have enough cash." >> reporter: steven hoffman - or captain hoff - knows a lot about running a start up. his incubator - founders space - helps start up companies all around the world. and today's giant market swing.has him a bit spooked. >> : "i lived through the dot com bubble burst and the financial collapse of 2008 and if it happens again. it won't be fun. i won't be excited about it. " but hoffman says today's young start up workers have a short memory. an opportunitynot a worry. >> : "i'm an optimist. i think the stock market will always go back up. and when it does, i wont' have regret." >> : "there's a lot of starts ups who get funded when we have good tiems, who shouldn't hoffman warns it may be time for some companies to trim the fat.and lo

the dow jones is falling down well below 17,000. the nasdaq is off about 0.73%.ut whatard to figure the exact catalyst is, but some disappointing numbers out of china overnight. matt: i think it is a pretty clear catalyst. is slowing economy and that is weighing on the price of oil. oil is headed for the longest run of weekly declines in almost three decades. let's look at what is making news on the bloomberg terminal at this hour. president obama is trying to keep wavering democrats on his side. urged a new york congressman to back the plan, but the letter is directed to all members of the party. it looks like it is no more mr. nice guy for jeb bush. jeb bush fired back at donald trump yesterday. >> i'm a proven conservative with a record. he isn't. he has proposed the largest tax increase in mankind's history. i have been consistently pro-life. recently, he was still partial-birth abortion. i have never met anybody who thought that was a good idea. olivia: a little more fiery, perhaps. he pointed out the trumpet been a democrat longer than he had been a republi

after yesterday's 600-point rally in the dow jones industrial average, stock index futures pointing to another strong start for wall street today. futures point to a higher open of 229 points. lauren: look at that, nicole. chinese stocks breaking a brutal five-day losing streak with a 5.3% gain. other asian markets also surged. nicole: all green today. lauren and i represent the major volatility. opening up at opening up at things over 2%. lauren: crude oil surging above $40 a barrel on hopes that a better economy means stronger demand for crude. oil supply delay fell last week. nicole: gold prices holding steady overnight. right now at 1124, unchanged. lauren: the dollar rising and currently you can see how the euro and a yen safe havens are doing versus the u.s. dollar. >> the 10 year bond was below 2% price so we are keeping an eye on that for you as well. good morning, everybody. welcome to "fbn:am" come your first look at what is living in today's markets, latest breaking news, what to expect that they had. lauren: asian markets following the wall street rally. china shanghai snap

the dow jones industrials are up, and the nasdaq and s&p 500, they are higher, as well.back. ♪ ♪ live from new york city, this is "bloomberg market day." i am mark crumpton. rb is a company that provides tools for authors to design and print and distribute their books with more flexibility and lower cost than traditional publishing, and the ceo describes how the company has progressed from small to big. eileen: blurb is a self-publishing platform that allows anyone with five dollars and access to a browser to be published. i am a photographer and worked for kodak for many years, so i asked to have a photograph taken, and i thought i could spend the rest of my life custom printing, or i could make a book. can that be? the more i looked at the publishing industry model coming from the technology and web and of it, i've got this is crazy. c's forers are like v. everys, and we met in coffeehouse, and we thought how can we build a tool that is free that allows people to lay out their book and design their books through printing, through shipping, through distribution, and we

the dow jones industrial average is up 2.5% as well. 16,052.gaining more than 4624.t remember, the first six days saw 2000 points erase from the dow jones industrial average. so, these moves are not at all making up for the declines we have seen, but may signal, and i highlight the word "may" signal an inflection point. now let's get some beer and wild wings. buffalo wild wings is in the midst of a massive expansion, opening up 90 to 100 new restaurants including restaurants in mexico, the philippines, and dubai, but with that comes debt. explained theh money side of the wings business to erik schatzker. for the first time, we have gone to these markets, but the cash flow is strong and the debt will be paid off quickly. erik: this is a question private equity answers all the time, what is the optimal capital structure for a company like yours? sally: that is what we are looking at. because we generate significant cannts of cash -- if we invest in ourselves and continue to add restaurants, bump of our remodel schedule, and acquire where we can,

just after the opening el about, the -- the opening bell, the dow jones plunged. after it went down more than a thou points, it bounced back up to the 700 mark. we've seen it fluctuate up and down all day. but now it's definitely in negative territory, around 647 points. adam shapiro has a look at what's ahead for the markets today. >> reporter: a rocky start to the week for stocks around the world. all eyesin' u.s. markets after last week's heavy selling. the dow jones industrial average fell more than 1,000 points in the first 15 minutes of trading on monday. on friday, the s&p 500 and nasdaq suffered losses and they fell at the start of trading on monday as well. >> this could end later today. this could end tomorrow. you have to keep your head at a time like this. as you know, these stocks, they move around all over the place. >> , blame china. it's economic troubles are causing problems. the main index fell 8.5% 0 on monday. it's the biggest drop since february of 2007. >> they provide half of the global economic growth. that's what they've been doing for yea

the dow jones is down about 650 points right now. almost 4%. that's better than where it started because immediately we watched it after the opening bell rang and it dropped about a thousand points, even worse over in europe, those markets are still open right now. for them most exchanges down 5, 6, in paris down 7% this morning. this started, of course, in asia. concerns continue over the chinese stock market. the financial markets there, the value of the currency is china and the effect that's going to have on the global markets this morning. analysts still trying to figure out exactly what will happen. we talk about circuit breakers that kick in that prevent the stock market from completely crashing. but it is kind of a dismal picture. they are talking about interest rates. that could have an effect on interest rates as well. we'll be watching this all morning long. good morning. i'm pam cook. brian and i are here for gasia and dave. >> yes. they are off today. >>> let's get your day started. steve is here which is a good thing. >> thank you