but now, look, it s cut those losses in half. i think this is encouraging. you ve had 500 points of loss for the dow this week alone. that s horrible. that s retched. another 150 points right now. but it was much worse. it s not good but it could be much worse. as you look at the dow 30, some bright spots. some are turning higher. i think this is showing you it s not just indiscriminate selling across the boards. that s what we saw 12 hours ago around the world. a fear trade, john. buying gold, buying bonds, selling stocks, risk-off, they call, it the market pros call, it because they re so concerned about china s market mayhem. also concerned about china s economy. slow in growth there. what that s going to mean for the u.s. you look within the u.s., you still have some pretty decent fundamentals. you got car sales at record high last year, probably a record high this year. a jobs report tomorrow that could show wage growth and could show decent job growth. signs today that mayb
and flooding. oo no one hit the big power ball jackpot. saturday s prize now souring to an estimated $675 million. that is the largest jackpot ever. don t throw away your tickets there s a $2 million ticket and 12 tickets worth $1 million. 2, 11, 47, 62 and 63. and the power ball is 17. so we can still buy one today. i forgot to buy one last night. a fox business alert right now. market mayhem futures plummeting after the stock market crashes. lauren simonetti for the sister network fox business. investors are bracing for another tough day on wall street as do you futue dow futures tu. more turmoil in china.
i agree with ben, the trader, that there s going to be a lot of volatility ahead. but the chinese are working hard at this. they have a lot of tools. i think they re pretty good managers. they make mistakes but they manage their economy pretty well. i think at the end of the day they ll land the plane roughly on the tarmac. we will suffer a correction but i don t think it s going to be more serious than that. richard quest not so confident about that soft landing. i venture to suggest that mark is more of a diplomat in terms of describing the machine of the chinese stock market. the way they ve tried to mismanage the market mayhem is compounded. okay. richard, you re right. how they ve handled their stock market, up and down, leaves a lot to be desired. but just take a step back and
the consequences and actually getting there. and we re now into the end game. i mean, monday the markets will open. now, only a fool would sit here and ever predict market mayhem, mystery and misfortune. but the closer you get to a serious deadline, the more you will start to see a reaction. it will start small. it might be in the foreign exchange. it might be in the bond market. but it will snowball as investors have to take account of the new changed reality. oh, it s so frustrating, richard. richard, stay right there, don t go anywhere because we may need you. i want to bring in maryland democratic congressman john delaney. he has a unique perspective on the budget standoff. he s the only house member to have served as a ceo of a publicly traded company, so this gives you some unique perspective here. he s actually had to make a budget and make a payroll at a financial services company no less. congressman, good to see you.
he said he would eliminate three federal departments. when he tried to list them he couldn t remember the third agency. he wanted to mention the energy department, a fact that he brought out after the debate. the market mayhem that started on wall street is rolling around the world. all the major asian markets are sharply lower this morning. some losing over 4% of their value. all the blame being heaped on the unsettled political and financial situations in italy and greece. it could make for another rough day on wall street, where the dow lost nearly 400 points yesterday. the search is on once again this morning in eastern turkey following another strong earthquake there. the magnitude 5.7 quake is being blamed for at least seven deaths with dozens of people now reported missing. 25 buildings in one city were toppled. but only three buildings were actually occupied. the others were empty following last month s major earthquake. and western alaska s recovering from one of the str