iowa countdown. with a week to go, gop candidates barnstorm iowa. there is a new day in america. without chaos. i m running for your issues. pretend we re one point down. and battle for democracy. facing political head winds, president biden hits the campaign trail with an allout focus on donald trump. democracy is on the ballot. as trump tried to flip the script. joe biden is a threat to democracy. will the strategy work. mike pence will join me from tel aviv, israel. and then congressman james clyburn. plus health scare. lloyd austin facing criticism for waiting days to tell the president and the public he s in the intensive care unit. how serious was his illness and why was it kept secret? hello, i m jake tapper in washington where the state of our union is once again just shaking our heads. we re eight days from the iowa caucus, one day past the january 6 attack on the capitol and donald trump is dominating the political conversation in the only way he
iowa countdown. with a week to go, gop candidates barn storm iowa. there will be a new day in america without chaos. i m running for your issues. one point down. is this race more fluid than it seems? and battle for democracy. facing political head winds, president biden hits the campaign trail with an all out focus on donald trump. democracy is on the ballot. as trump tries to flip the script. will biden s strategy work. three years after the january 6 attack, mike pence will join me from tel aviv, israel. and then south carolina democratic congressman jim clyburn. plus health scare, defense secretary lloyd austin facing criticism for waiting days to tell the public he is in the intensive care unit. how serious was it and why was it kept secret. i m jake tapper in washington where the state of our union is once again just shaking our heads. eight days from the iowa caucuses, one day past the third anniversary of the january 6 attack on the capitol. and donald tru
the dow plummeted again, ending the week down 4% so far in december after solid gains in the previous two months. investors are now fretting about the possibility of a recession just one week ahead of the holidays. cnn s matt egan has more. good morning, boris and amara. recession fears are back on wall street in a big way. the u.s. markets finished lower on monday ending an ugly week for stocks. this sell-off really got started almost exactly at 2:00 p.m. eastern on wednesday. that s when the federal reserve announced its interest rate decision. the fed statement and projections raise fears of more fed rate hikes ahead and remember, the more the fed does, the greater the risk they do too much and they cause a recession. jerome powell s press conference further reinforced these same concerns, but this is not just
ending the week down 4% so far in december after solid gains in the previous two months. investors are fretting about the possibility of a recession just one week ahead of the holidays. cnn s matt egan has more. reporter: good morning, boris and amara. recession fears are back on wall street in a big way. u.s. markets finished lower on friday, ending an ugly week for stocks. this selloff really got started almost exactly at 2:00 p.m. eastern on wednesday. that s when the federal reserve announced its interest rate decision. the fed statement and projections raised fears of more fed rate hikes ahead. and remember the more the fed does the greater the risk they do too much and they cause a recession. jerome powell s press conference only reinforced the concerns. this is not just about the fed. thursday s weaker than expected results on restale sales showed
recession fears are rising once again. and that means that stocks are falling. take a look. more than 460 points off today, and this comes right after the dow posting its worst selloff in three months just yesterday. cnn s matt egan is here. so the tumble on wall street continues. what s it mean? where are we going? well, victor and bianna, recession fears are clearly taking back control of this market for now at least. if you look at the dow, the s&p, and the nasdaq, they re all down by more than 1% today. all on track to close at roughly one-month lows. now this selloff really got started around 2:00 p.m. eastern on wednesday. that s when the three of us were on air breaking the federal reserve news. now the fed statement made clear that there s more rate hikes to come, and that s a concern because the more the fed does