hans humes, thank you so much as well. loop" is next.ve you the latest details from the downed flight. ♪ >> good morning. we're live from bloomberg world headquarters. you are "in the loop." i am betty liu. the latest on the down malaysia airlines jet and is really sending ground forces -- is really sending ground forces into the gaza strip. we will hear from hillary clinton on both issues. congressman mike turner of ohio, senior member of the house arms services committee. first, here's a look at the top headlines. russia and ukraine pointing the finger at each other over the malaysian air disaster. ukraine says it intercepted phone calls from pro-russian militants discussing the missile strike that knocked down the airplane yesterday. crossedy troops have into gaza, the first major operation in five years. israel owned palestinian positions for 10 days but were unable to stop the rocket attacks from hamas militants. another u.s. health-care company will shift its residents overseas for lower taxes. agreeing to buy the british company s

hans humes says the emerging markets are so large this really isn't putting that much of a black mark on stocks overall. , this wasf the u.s. the s&p 500 yesterday. you can he we ended down 1.2%, the biggest drop since april. it was a down day for u.s. stocks, pretty steep drop. it doesn't sound like a lot, but the stock market index has not really moved that much and about 60 trading days. relatively speaking, it was quite large. futures bouncing back a little bit this morning, up by two points when it comes to the s&p. that has been fluctuating. it is not clear whether that will open higher. earnings are resolving as well. i want to point out the vix. with the selloff yesterday, we saw a spike to 14.54. that is the biggest one-day jump in a year and a quarter since april 2013. certainly, a large group. when you look at how it is that historically overall, this is a telling chart from goldman sachs. it is fairly all quiet on the equity front when it comes to the vix overall. you has a big spikes in 2008 and right around when the u.s. credit rating was downgraded. yesterday's move doe