In global news, business, and sport. And as per usual, you can be part of the conversation. Today were asking what do you make of the White Knuckle ride on Financial Markets . Is this a correction or panic . What are you doing with your money . Comments to bbcthebriefing. So, lets get started. Fasten your seatbelts, the turbulent ride for the worlds Financial Markets is far from over and now traders here in europe are gearing up for a stressful day. In the us, the dowjones index closed, 4. 6 lower. During the trading day on wall street, it saw its biggest decline in history, extending sharp losses at the end of last week, when strong wage growth raised the prospect of accelerated Interest Rate rises. The malaise has already spread to asia. The nikkei is down over 5 and the hang seng is down over 4. 5 . The dow lost over 1,100 points and a quarter of the trump rally has now been wiped out. Ill have an expert view with me in the studio in a moment, but first this report from katie silver
Back. Many of our viewers are with you and are saying you are the voice of calm in the midst of this 24 hour manic selling session. This is a bloombergs latest line, as it were. It is hockey what is going on in asia. The stock plunge is deepening, it says. It is very kind of florid, almost emotional language. Bloomberg talks about emotional seller. For those of us with market experience, the panic time was about ten years ago, when the whole Financial System was genuinely in danger of melting down, because the banks, in particular, was so highly levet. Now we are seeing a particular, was so highly levet. Now we are seeing a pause, particular, was so highly levet. Now we are seeing a pause, it is a porsing market because they have gone really well for nine years pausing. Markets are very emotional, they are not rational sets of people trading with each other. I think it isa trading with each other. I think it is a pause, not a crash, not a correction, not a panic. Many are saying that p
People in a massive corruption case. Brent i am brent goff. It is good to have you with us. Donald trump has lashed out at the appointment of a powerful special counsel to investigate his administration. He took to twitter again today, making unsubstantiated claims of both Hillary Clinton and barack obama overseeing illegal acts that warranted special investigation. He said he was the victim of the single greatest political witchhunt in american history. The outburst comes as the Justice Department named Robert Mueller as its special counsel to probe russian influence in the 2016 president ial election. For the perspective, we also have the power to look at other issues arising from the white houses handling of this and many other crises. Reporter this is the man who will be the investigation into the Trump Administrations alleged ties with russia. Hard, uncompromising, Robert Mueller will have many powers to follow the investigation leads. Congressional leaders from both parties welco
There are spots to the spotsh north and west that could seelde a foot by this time tomorrowto morning. R snowr snowt majo accumulation for parts of ourf r area. This is going to be really key here. Lets get to it. Snow arrives tonight. Mover like 8~or 9 oclock tonight. As far as your commute you a should be fine if youres lde fe coming home at isixf or 7 oclock. 7 ocl watching the rainsnow line line very carefully. Are ill be honest with you here, he we have medium confidence inm ce this forecast because we justcat dont know until later this evening when it actually it acly arrives exactly where that rainsnow line will set up butuu parts of the area the snow t snw totals will be held down by mixing with sleet or possibly pb rain. Highest accumulations northt ac and test. Cu well look at a snow map mp expected accumulations heree coming up. Coming up the whole thing should be outult of here by mid morninge by mid tomorrow. Youll get a chance if you got to hit the ro aads c hanctomorrow
There are spots to the spotsh north and west that could seelde a foot by this time tomorrowto morning. R snowr snowt majo accumulation for parts of ourf r area. This is going to be really key here. Lets get to it. Snow arrives tonight. Mover like 8~or 9 oclock tonight. As far as your commute you a should be fine if youres lde fe coming home at isixf or 7 oclock. 7 ocl watching the rainsnow line line very carefully. Are ill be honest with you here, he we have medium confidence inm ce this forecast because we justcat dont know until later this evening when it actually it acly arrives exactly where that rainsnow line will set up butuu parts of the area the snow t snw totals will be held down by mixing with sleet or possibly pb rain. Highest accumulations northt ac and test. Cu well look at a snow map mp expected accumulations heree coming up. Coming up the whole thing should be outult of here by mid morninge by mid tomorrow. Youll get a chance if you got to hit the ro aads c hanctomorrow