this is the first time china has had to stop trading. what is going on there? chinese stocks slammed overnight. their first trading day of the year slammed because of a factory output number. a manufacturing number in china weaker than people thought, showing for ten months in a row, factory activity in china has been shrinking that. spread around the world quickly. shanghai, the stocks were halted at 7% down. tokyo fell. then they spread to europe, frankfurt down 4%. paris down and london, as well. selling, dumping of stocks around the globe. buying safe havens, like gold and bonds. there is a second factor here. china is the big driver, just like last year. china was a driver all year. china, the driver to start this new year. there is a second factor. saudi arabia and iran, deepening, dangerous tensions between the two countries. boiling into this sort of global unrest, global tensions, and that s keeping stock market investors having them heading for the exits here. it s intere
points in the first half hour. this all in reaction to a global selloff. alison kosik is at the new york stock exchange this morning. they dipped, they went back up and now back down. what s happening? we are seeing the losses accelerate, deb. the dow down 402 points at the moment. this is mostly a reaction to china. overnight china got news showing its manufacturing is contracting. and that set off a blood bath in the markets there. their markets tumbling at least 7%. falling so fast and falling so much that at one point, they stopped trading, continued it, and then ended trading for the day. so, that those worries are spilling over to other world markets, to europe, here in the u.s. as you see the red on the screen. the biggest worry here is that china s problems will become our problems. china is one of our biggest trading partners. also a lot of companies here are household names like walmart,
apple and others, yum brands, which actually owns pizza hut and taco bell. the worry is those companies with their exposure to china, china s issues will reflect on how earnings are for companies here in the u.s. and that s why you re seeing valuations in stocks here changing, going down, actually, because of worries about china s slowing economy, deb. keeping an eye on that, alison kosik, thank you. and switching back to politics, bill clinton s not staying away from the campaign trail. he s making his first solo appearance this cycle, appearing in new hampshire later today. bill clinton, of course, no stranger to the granite state. a second-place finish in the state s primary back in 1992 gave clinton a major boost, labeling himself the comeback kid. hillary is not just taking hits from trump. the democratic front-runner pushing back at a heckler who interrupted one of her campaign events, taking shots at her husband s sex scandals. watch.
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china had a manufacturing number weaker than expected. showing factory output slowing for the tenth month in a row. it sparked concerns about the strength of china as a consumer and producer and what it ll mean for the rest of the world. that spread quickly to europe, so you have selling in stocks and buying of things like gold and bonds. those are fearful trades. there is fear reigning in the markets beginning this year. we re seeing the dow down 102 points now. you re tallying up the early trades. this is probably not all the dow components open. you re seeing a triple digit decline. something else is happening here. you ve been reading the headlines, telling the story about what s happening with saudi arabia and iran. it adds to the global tensions. that is something that unnerves investors, causes people to seek safety in gold and bonds and out of stocks. you re seeing a robust opening to trading around the world, and it s robust selling around the