Investors dumped stocks and the dow closed down 588 points or more than 3. 5 . For days of tripledigit drops add up to a loss of more than 9 . Thats wiping out market gains back to february of last year. And it could have been worse. Anthony mason now on todays wild ride. Reporter over a cliff, the dow plunged more than 800 points in the first two minutes, more than 1,000 points within five minutes. By midday it had rallied back and erased all by 100 points of that loss, but the selloff resumed in the afternoon. It was a breathtaking ride even for veteran traders like ben willis of princeton securities. I have never seen the dow down 1,000 points. That was an extraordinary thing to see happen. Reporter what exactly happened, Peter Tuchman of quatro securities tried to describe it. Is it the end of the world . No. Is it correction territory . Perhaps. Definitely. Thats what it felt like. Reporter the catalyst was another plunge in chinese markets, down 8. 5 this morning, the shanghai in
Welcome to power lunch, everybody, and it is a far, far, far cry from where we were 30 years ago on this day. The dow is pulling back today after smashing through 23,000 with a big gain yesterday. But remember 20 years ago, down 23 . Today down about 23 points, Something Like that. Apple and Goldman Sachs leading the dow a little bit lower more on those stocks coming up adobe shares today soaring after reporting strong earnings. Better than expected guidance. Analysts also liking liking the companys Artificial Intelligence platform. Thank you as tiler said, the markets lower across the board but not close to what we saw 30 years ago today when the Dow Jones Industrial average fell. A look back on black monday. And i guess, bob, to put it in context, a 508point drop, which today seems like not much. The equivalent drop today would be 5,200 points. Simply staggering. Thats right. The dow dropped 508 points, brian, 22. 6 , the biggest oneday decline in the history of the stock market. On
From dow 20,000. The dow industrials have 91 points, thats a session highs than an hour ago, touched 19,700 for the first time ever. Were at 19,706 and climbing. Russell is slightly negative, the s p is jumping, too. Can the stock market flex muscle and dow flex real muscle to break 20,000 . Were in the middle of all the action, were going to break it down for you tickbytick, have you got to stay with me right here. To the budget showdown that is happening this hour, the Senate Democrats right now and the republicans for a nail tooth and nail battle behind closed doors over the Government Spending bill. We are less than nine hours until a very significant midnight deadline and the stakes could not be higher. It could maybe affect the markets today on monday. We have a fox business exclusive with the man in the senate whos been in the chambers all day. All day long, republican senator from mississippi roger wicker with me in a firsthand recap of the battle inside the senate going on rig
Officially named as his pick for secretary of state. Controversial because some say that tillerson has a waytoocozy relationship with the arab nations who produce oil. Can tillerson strike the right diplomatic balance with the saudis, iran, israel and all of those other nations . A fox business exclusive with the man who might know, the former u. S. Ambassador to saudi arabia, robert jordan. Plus, were on trump tower watch. Take a look at this, the most powerful man in the world meeting with the richest man in the world today, moth cofound microsoft cofounder bill gates taking the golden elevators to the top. President elect is expected, by the way, in this hour to depart for wisconsin for the continuation of his thank you tour. His rally will begin sometime this evening, but he will leave any moment from now so, of course, we have the fox business caravan cam at the ready. Plus, a poor diagnosis for qwest. That stock is on the move and not in a good way. Is it Mission Impossible to sa
Access pipeline are refusing to leave even though right now the 3 00 p. M. Final deadline to vacate has passed. That video you saw is fire. There is a fire currently going on, and were waiting to find you the whats going on there . What officials are going to do, and why negotiations broke down hours ago. William la jeunesse live on the scene to tell us whos burning the protest camps. The Trump Administration dealing with deeper questions in the wake of yesterdays decision to vastly expand the president s crackdown on the illegal immigration. Deporting criminals, he said, is the priority, but what about the socalled dreamers . It all comes as secretary of state Rex Tillerson is headed at this moment for his first meeting with the president of mexico. Trump immigration adviser and kansas secretary of state chris kobac wrote many of the toughest immigration laws in the country. Hell be here live to tell us if the president has it right as he appears to be leaning toward letting dreamers