Closing below 1400 for the First Time Since june. Markets around the world are holding their cheollective brea as the allies and the u. S. Weigh options against syria. And such at a tack on syria could send crude surging to 150 barre barrel. And jpmorgan is going to settle lawsuits settled from subprime mortgages. The nasdaq and the s p coming off of the worst levels. And the fears of u. S. May attacking syria in the next few days, stocks are posting the biggest drop in eight weeks on the syria concerns. There is some line of thinking, jim, because today is a big event on the National Mall anniversary of the i have a dream speech, that the president may not act today and he is overseas and so a window of thursday and friday where if they are going to dit, they will do it. I read the speech again and i have to go listen to it. I do, too. And we listened to it tomorrow. Yes. It is on youtube and even though it is online, it is not part of the public domain. True . Yes, we can only play s
Fears about weakness in chinas economy sending investors around the world out of Commodity Prices and out of oil and into the safety of government bonds. I want to bring in Andrew Stevens in hong kong. Andrew, the selloff continues unabated in asia. Reporter good morning, christine. Unabated in china. Shanghai down more than it was yesterday. 7. 6 versus 7. 5 yesterday. These are massive falls in anyones language. This is panic selling in china. They are mainly small investors and want to get out of the market. A lot of them borrowed money to do it. Now they want to get out. Their concern is no sign of visible Government Support trying to ease the pain. A lot of angry and disgruntled investors in china. It is important to note here, christine, the shanghai meltdown should be seen in isolation. The market does tend to operate in its own world. It doesnt reflect what is happening in the real economy. Market went up into a huge territory while the market was going down. The other good new
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