looking like another down day when the markets open. more pain ahead, it looks like. the dow set to fall again, maybe 300 points if you can judge from futures here this morning. that s one day after plunging more than 800 points. it s third worst point decline ever. all three lost at least 8%. it spread around the world. european and asian stocks are lower. it started with tech. those three alone lost nearly $120 billion in market value. october has been rough for stocks. investors are worried about the u.s.-china trade war, higher interest rates, increased borrowing costs, mortgage rates are above 5%. the rates are rising because the u.s. economy is so strong. the president use it is stock market as his personal scorecard. what is he saying about this? he s blaming the fed for the
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china needs us more than we need them. maria: a lot more coming up from senator lindsay graham, later on in the program but first, the stock market reacting to the potential of a trade war even as china calls for cooperation in preventing one. the dow jones industrial average dropped 724 points on thursday marking the fifth largest point decline in history. house intelligence committee chairman devon nunes joins me now from the world ag expo in california congressman nunes is also a member of the house ways and means committee along with the chairman of the intel committee so a lot to talked to with you. mr. chairman good to see you sir thanks so much for joining us. thank you, maria great to be on. maria: and there you are coming from the world ag expo with plenty of farmers who no doubt have to be questioning now being forced to pay more to actually get their goods into china, give us your reaction to the aluminum and steel tariffs and this move this past week on china. well, chi
a responsibility that we take very seriously. we recognize that it is not just business as usual and we are going to work really hard to bring everybody together to make the world a better place starting with our own community. crowds disbursing as the night went on. police made no arrests. let s get a check on cnn money. stocks selling off around the globe. asian markets plunged 3% to 4% after the dow dropped 700 points yesterday. the fifth biggest point decline in history. we are expecting another triple digit decline today. depending on how things hold out. a recent survey of fund managers says the risk is a trade war. inflation had been number one for over a year. now trade war is a big worry. citigroup is taking a stand on
let s get a check on cnn money. stocks are selling off around the world. asian markets plunged 3% to 4% for the one day move. the dow dropped 700 points yesterday. the biggest point decline in history. percentage wise is not near the top. futures down this morning. a recent survey of fund managers says the risk is trade war. inflation was the risk for the last year, but now a trade war. it comes after a 24-hour tit-for-tat after china warned of tariffs after the u.s. slapping tariffs on steel and aluminum. long lines for opening arguments in the case of u.s. against at&t. the anti-trust trial of the decade. at&t and time warner merger would lead to higher prices.