nicolas brady, former u.s. treasury second, he says china got it wrong. they need to widen the ban, and these halts are triggered too easily in a volatile market like china. as muches a third of hedge fund may now face mandatory liquidation. they are swinging between gains and losses in the chinese markets. still a bit of panic out there. back to you. >> china's market chaos has been felt around the world. wall street took a pummeling thursday. the s&p 500 has now has its worst start of a year. remy, could things finally be looking up whoer? >> it looks like that. i am hesitant to say that we are looking up. but after the past few days of downs. if you look at future futures, they are saying things are looking up. they are taking a sharp leg higher in the past hour. the dow jones minute eye futures are up by nearly 1%. the s&p and nasdaq also up by 1%. they had been higher, up yards of 200 point for the dow, but you can see they are up by 150 point right now. earlier, the pboc did set that reference rate. no more weakening. investors like stability, but p

the man responsible for the trading halt, not responsible for the system, nicolas brady, who is former u.s. treasury secretary. he says china just got it wrong. they need to widen the band. these are triggered too easily in a volatile market like china. a third of the hedge funds may things. mandatory what happens today? bill says expect more panic. >> based on the e.t.f. in the united states, china is expected to be down 5% or 6%. it determines on whether they let markets clear. they haven't. to the extent it goes down more than 5% or %, who knows? >> you heard it from bill gross himself. that warning echoing billionaire george soros, who warns a larger crisis is brewing. china open at the bottom of the hour. >> well, the impact of china's market chaos is being felt globally. he s&p 500 has now had the worst ever start to the new year. tell us about this. >> good evening from new york. the markets are closed, investors, a lot of them are licking their wounds after today. it was very ugly and red. the s&p and nasdaq are now at three-month lows. checking the equities, they are falling 2

to see nicolas baer, brady, and dom uhl quality minutes, especially when woody got in foul trouble. hawkeye travel to number seven maryland on thursday -- uni women at drake -- the panthers and the bulldogs tied for first in the mvc standings -- weekly -- the uni guard pops the trey early -- panthers led 20, 19 after the firsrs -- weekly again from outside -- 6 of 9 from three point land -- 25 points -- sharnae lamar adding a little something herself -- pops the j -- lamar chipped in 10 points -- panthers got it done late -- uni now all alone in first in the missouri valley after a 79, 73 win -- hawkeye wreretlers going after a 19th straight big ten dual win -- on the road at number 11 nebraska -- at 125 -- thomas gilman takes down tim lambert -- gilman remained perfect after an 11, 4 decision -- same goes for brandon sorenson -- undefeated at 149 -- sneaks by 5th ranked jake sueflohn 6 to 5 -- all 3 undefeated hawkeyes stayed that way -- nathan burak gets the decision at 197 -- hawks win 7 of ten matches -- they get nebraska tonday 21, 11 -- who's the rebel now? no way. yes way! sa

he scored 13 of his game high 22 in the second halfand the bench came up big as well -- brady ellingson, nicolas baer, and dom uhl combined for 19 points pointsas iowa beats ppurdue 83 to 71 -- pat moroney was at carver and explains how the second half surgue propelled the hawks to 7 and oh in the big 10 for the first time in 46 years. they say basketball is a game certainly the case today at carver-hawkeye arena - when iowa turned a two-point halftime deficit into a 15-point lead... with a 23 to half... you hit two or three threes in a row... it's easy to go on a run... we have shooters everywhere on this team... you never know who's gonna get hot... everybody shooting well... anybody can go off any second... that's been really helping us.... but winning - isn't all about scoring - today it was the defense that feuled iowa's game-changing run... i think we locked in defensively... i think in the first half we missed some assignments... we really didn't have the great energy that we usually do... we picked up the intensity on defense and really got into them... that contributed a lot to our offe

he scored 13 of his game high 22 in the second halfand the bench came up big as well -- brady ellingson, nicolas baererand dom uhl combined for 19 points as iowa beats purdue 83 to 71 -- pat moroney was at carver and explains how the second half surgue propelled the hawks to and oh in the big 10 f f the first time in 46 years. they say basketball is a game of runs... and that was certainly the case today at carver-hawkeye arena - -hen iowa turned a two-point halftime deficit into a 15-point lead... with a 23 to 6 run to start the second half... you hit two or three threes in a row... it's easy to go on a run... we have shooters everywhere on this team... you never know who's gonna get hot... everybody shooting well... anybody can go off any second... that's been really but winning - isn't all about scoring - today it was the defense that feuled iowa's game-changing run... i think we locked in defensively... i think in the first half we missed some assignments... we really dn't have the great energy th we usually do... we picked up the intensity on defense and really got into them... that contrib