america, top global multi-nationals, comes from china. and that s the reason. now, i can throw into that pot of misery other factors, like the fall in oil price. under $40 a barrel. emerging markets. indonesia, brazil russia india. all worried about growth. but the net net of all of this is that the concern has finally led to a market crack. and as i pointed out, 16 hundred points in the last few days alone. that s almost 10% of the dow jones industrials average, if you will. yes, and that 10%, it become aztecs a s a technical correction from the may high. is it bear territory? not until 20%. even then even if we hit a technical bear at 20%, you re really asking is the market is the global economy fundamentally sound? at the moment the conclusion s.e.a.l. seems to be seems to be
he is now home after undergoing medical tests at a hospital. eurozone finance ministers are set to resume talks on the greek crisis. yesterday, they met for nine hours, but couldn t reach an agreement. concerns about greece s proposed economic reforms and athens commitment to change have plagued the talks. for the latest on what s expected in the coming hours, let s turn to nina. reporter: we ve had this tweet that s been emitted the last half hour or sore from the president of the european council saying i have cancelled today s #euco. the euro suxt is set to start at 16 hundred and last until we
more than a decade. the economy has added jobs. that s the most important thing, for 17 straight months. more than two million jobs in the last year alone. so there are real signs the economy is improving, but gas prices have been soaring. the cost of living rising. the most in more than ten months. some americans may be feeling left out of this economy. diane swonk, diane, as gas prices have increased, the president s approval rating has decreased. i m not one to make direct correlations, but there s been really nothing else that might have caused this. there s a clear breakdown based on where americans fall in the economy. your thoughts let me show you a poll first. a cbs/new york times poll shows among those making more than $100,000 a year, the president s approval rating has replamained relatively flat. meanwhile the approval rating for those making 30 to 50,000 a year dropped by 16 points. diane, is this a clear illustration that we ve got two americas on two very dif