Before, minutes later, cutting the losses in half. In the end it closed 1175 points lower. A drop of 4. 6 . This marked the second day of steep losses. There was a sweeping selloff on friday over fears that the Federal Reserve will accelerate Interest Rates. We are joined by Morgan Stanley Financial Advisor jordan steady. We have been on this upward trajectory for a long time now. What the heck happened today . Its like going to santa cruz and going up the big dipper. We have been at the top all of 2017 and we hit a downturn today. 1100 points, 1,200 points. It sounds like a lot. In 1987, blackmon we were down 508 points and that was a 22 drop. That would be significant. Today, 2. 5 on friday, its not even a 10 correction. What is driving the sell off . It extended from what we saw on friday . It has to do with the federal open Market Committee meeting meeting Janet Yellens last meeting. There is going to be three to four increases in the interest rate. Thats the amount of money that b
Steve bannon, controversial adviser to president is leaving the white house. Bannon has been on shaky grounds. Or weeks heres what President Trump said about bennett on tuesday during a News Conference at trump tower. President trump i like him, hes a good man. Hes not a racist, i can tell you that. He actually gets a very unfair press in that regard. Hes a good person. A good person but he is out. That craigjoins us gordon joins us from our washington bureau. Theres a lot of speculation of steve anna being on thin ice. That steve bannon being on thin ice. Thinve bannon a being ice. A couple of interviews he gave, want to the states, where he essentially said some angst that are in line with Donald Trumps agenda and some things that werent. He said essentially a war with gary cohn, steve mnuchin, this is generally not the thing you say when you have a job at the white house and you openly air this dirty laundry. Like a protest highlights bennetts position. Abandon is said to be clear t
Steve bannon, controversial adviser to president is leaving the white house. Bannon has been on shaky grounds. Or weeks heres what President Trump said about bennett on tuesday during a News Conference at trump tower. President trump i like him, hes a good man. Hes not a racist, i can tell you that. He actually gets a very unfair press in that regard. Hes a good person. A good person but he is out. That craigjoins us gordon joins us from our washington bureau. Theres a lot of speculation of steve anna being on thin ice. That steve bannon being on thin ice. Thinve bannon a being ice. A couple of interviews he gave, want to the states, where he essentially said some angst that are in line with Donald Trumps agenda and some things that werent. He said essentially a war with gary cohn, steve mnuchin, this is generally not the thing you say when you have a job at the white house and you openly air this dirty laundry. Like a protest highlights bennetts position. Abandon is said to be clear t
Steve bannon, controversial adviser to president is leaving the white house. Bannon has been on shaky grounds. Or weeks heres what President Trump said about bennett on tuesday during a News Conference at trump tower. President trump i like him, hes a good man. Hes not a racist, i can tell you that. He actually gets a very unfair press in that regard. Hes a good person. A good person but he is out. That craigjoins us gordon joins us from our washington bureau. Theres a lot of speculation of steve anna being on thin ice. That steve bannon being on thin ice. Thinve bannon a being ice. A couple of interviews he gave, want to the states, where he essentially said some angst that are in line with Donald Trumps agenda and some things that werent. He said essentially a war with gary cohn, steve mnuchin, this is generally not the thing you say when you have a job at the white house and you openly air this dirty laundry. Like a protest highlights bennetts position. Abandon is said to be clear t