was going to be 20 points. 20%. imagine that. anybody think about the great recession that we had that this would dwar that. today citi bank said if trump is elected the market will go down 3 or 4%. that is nothing. it would be okay from the market perspective. we have normalized. the election has normalized donald trump in terms of his policies that people were reacted to. that is extraordinary we are on this market slide at a time when donald trump and nine days in by the way. longest coincide that that has coincided with donald trump s rise in the polls. i think it is about not only what we normalize in the perceptions that drive markets but also really taking into account the impact of policies and what are the impact of, you know, 11 million deportation, temporary muslim ban if nato is degrade. what are the real-world implications? or do you believe that donald trump isn t serious about
live on a very sunny day there in beijing. monday s market slide in china could have been a whole lot worth. circuit breakers stopped trading in times of extreme volatility. richard quest explains how it all works. it was the first major test of these circuit breakers. and nobody could have really forecast exactly how they were going to be so tested to destruction. the reasons why they were activated, first of all, you had a jolt of bad manufacturing data. there was the 10th month of shrinking factory activity. that s the fundamental reason that starts the whole process off. the chinese economy is not performing well. then the authorities decided to remove one of the safeguards. they lifted the ban on share sales by large investors. so now you have fundamentals and you have technicals. what happens, the sellers move
labor relations board stop boeing opening up their plant in the southeast for thousands of people were ready to go to work, and we hear about, well, all these companies are now moving to mexico and stuff. 15 years ago, neil, all the major manufacturers overseas built plants in tennessee, south carolina, kentucky, all these areas. why? because under mr. clinton, and mr. bush, they didn t have the regulations they have under obama. you think i got to ask you this, craig itch mentioned china at the outset. we were criticizing china because obviously the government there is trying to stall this market slide or stop it, outlaw short-selling, demand brokerages and banks buy stock or else, and a lot of people in this country criticized that. i thought to myself, knowing you and your views on the fed and government intervention, we have effectively propped up our own markets the same way, and now i m beginning to think that the chickens are cooking home to roost, these kennards don t work
texas. it is amazing to hear some of the prices. consumers, john, reaping the rewards of the oil prices via the gas pump. john, thank you. with the fall of the dow comes an avalanche of political finger pointing. the republican candidates blaming plunging markets from the federal reserve annud wall street elites. listen to donald trump sounding a warning we heard from him before. i have been telling everybody for a long time china s taking our jobs and taking our money. be careful. they will bring us down. you have to know what you re doing. we have nobody that has a clue. former hp ceo carly fiorina blames the market slide on the federal reserve for the easy money policies. new jersey governor chris christie insists it is the obama
finger pointing. the republican presidential candidates blaming plunging markets from the spending policies. listen to donald trump sounding a warning we heard from him before. i have been telling everybody for a long time china is taking our jobs and taking our money. be careful. they will bring us down. you have to know what you are doing. we have nobody who has a clue. carly fiorina blames the market slide on the federal reserve for the easy money policies. and new jersey governor chris christie says it is the government blame for borrowing and spending too much. and scott walker wants a stronger message. to cancel the state visit he is providing for the head of