adviser. the harshest selloff since september. erasing all post election gains. money flowed into gold and bonds. that means people were afraid or wall street s fear gauge spiked 42% from the lowest levels in a decade. until now, high on the promise of tax cuts and deregulation, but this news of the comey memo did not just signal uncertainty about the economic agenda, but the future of the presidency. former chief ben bernancke said the concern over stability in the white house is reasonable. adding markets are blase about political risk until the last moment. a changing mood could mean more losses. stocks hit records two days ago. all three indices are up for the year. the selloff, dave, was before the news of today which is a special counsel. fascinating to see how wall
i asked if there is a trump effect. every time the trump administration does something like this, it hurts the moderate candidate. you see the debates in iran where the hard line candidate said hassan rouhani negotiated with the u.s. he said things would get better. so far, things haven t. hard liners want to get tougher on the u.s. right now the election is too close to call. outcome will be very interesting. dave. great reporting for us. fred pleitgen live in tehran. let s get a check on cnn money stream. drama sending global markets lower. futures are flat after the selloff on wall street. look at london and paris and tokyo. months of calm and steady gains. president trump s latest drama over the comey memo is rattling the markets. dow plummeted 373 points. the harshest selloff since before the election. all three indices dropped ending
what is going on? it doesn t look like the fears are quelled. the calm broken on wall street. reports of a comey memo cracked what has been an optimism in markets about the trump presidency. the dow down 373 points. the harshest selloff since september. dollar erasing all of the post election gains. money flowed into gold and bonds. wall street s fear gauge spiked 42% from the lowest level in decades. until now, markets ignored washington headlines high on the tax cuts and deregulation. that changed yesterday. i think we re at a point where it seems like his presidency is starting to crackle and become vulnerable. i think wall street is feeling that for the first time. not the agenda the presidency. that was the difference. futures are down again. corporate profits are strong. the dow down.