sparking fears of devault and contagion that comes with it. some are call this lehman moment the bankruptcy that sparked the financial crisis, the white house isn't worried. >> let me first note this is a company based in china whose activities are overwhelmingly centered in china. that being said, we always are monitoring global markets, obviously from the department of treasury primarily. >> but the timing of the pullback is icing on the cake for investors already dancing by the exits. washington this month will have to deal with the debt ceiling debate. a massive infrastructure spending bill and a federal reserve that could determine on wednesday when it is time to take the punch bowl away. look, the fred's accommodative policies helped the economy get through the pandemic, sparked inflation, higher prices impacting every american business and consumer. earnings this week from nike, costco, k.b. home, garden restaurants, they tell us how bad it really is morgan stanley sees the potential for a 20%