The finance section markets. We have to talk about the , markets because we all started off the week with a crazy stock market. Joel it has been a wild week. Backdrop here, it really starts last friday with the jobs report. And so the markets come back on monday and there happens to be a new fed chair. That backdrop is a really interesting thing that ends with this major selloff on monday. And then on tuesday, it goes the other way. I think everybody has been a little whipsawed by that. A bigger conversation here, nine years into this epic bull market. A lot of Retail Investors have only ever seen green and this is their first time seeing red. Carol a lot of millennials, right . Joel the youngs. It is so easy to trade now. Andit is so easy to trade now. If you think about what it was like even nine years ago to where it is at now, you can do this on the smartphone with a touch of a button, right, and that is a free thing that is a , free transaction. That builds in really bad behavior.
Welcome to countdown, im caroline hyde. A happy friday if you are along the markets. The route continues, this selloff in the United States we sell stocks down or than 2 . The s p 500, more than half a trillion profits the worst in 18 months for the s p 500. The dow jones and nasdaq also falling. I want to check in on the world equity markets right now. I have on the terminal the allcountry world index, and over the last month, the slump extending. We are currently on track for the worst week in global stocks in nine months. We are up more than 3 on the week, more than 4 on the month. This is significant. We are seeing more than 2 trillion wiped off the equity market. Hong kong, taiwan, indonesia all on the cusp of bear markets. This is an excess of 20 of the low of the previous peak. Down more than 10 yesterday, not one single stock rose on the german scale. A phenomenal move, lets kick it out to asia. Juliet is standing by in hong kong. It is a volatile day out there. Juliet it certa
I am francine lacqua. Manus it is. I am manus cranny. First, the global standoff. Shares plunged the most since 2000 seven. Francine that european stocks are down in the red. Commodity prices sinking to a 16 year low. Rest ine will have the a moment. Lets get at the very latest in europe. Caroline, take it away. Caroline disaster is what one chief officers calling it. We are seeing a major selloff. Shanghai composite, check that out. Down 8. 5 . The worst since 2007 despite moves by the Chinese Government to stem the bloodshed. They are trying to support with pensions. The rumors are reserve ratio cut to the banks that did not materialize. Down goes asia and the affect on your. We are in correction territory. And the effect on europe. We are a bear market. If we close at this level, we will between 2 of our previous high. Not one single stock is rising. Concerned about Global Growth and infrastructure. Bmw, feeling the pain. Credit squeeze saying that the auto market will feel much of
Thats coming up in eight minutes, heading over to mike now, two delays moving through san mateo. Thats right. Heading over there from the east bay or from the peninsula, east bay folks will take the san mateo bridge. Look, this developed over the last few minutes. I told you about a big. Just about the high rise. In the flat section, still reportedly blocking the slow end. You see all the slowing now. A bridge crew hopefully will get this cleared shortly, but i havent seen them on scene just yet. Well show you how this plays out. Thats in the middle of the map. The south bay and east bay move very well. Traffic, but misty conditions around the bay bridge. The san mateo bridge is jammed. Take the dumbarton bridge if you can as annerinate. The other jam into san mateo coming out of burlingame. Southbound 101, a second crash and tow trucks are still not on scene. Two lanes are open but three are blocked. All new this morning, in the right place at the right time. Chp officers and firefigh
Thats coming up in eight minutes, heading over to mike now, two delays moving through san mateo. Thats right. Heading over there from the east bay or from the peninsula, east bay folks will take the san mateo bridge. Look, this developed over the last few minutes. I told you about a big. Just about the high rise. In the flat section, still reportedly blocking the slow end. You see all the slowing now. A bridge crew hopefully will get this cleared shortly, but i havent seen them on scene just yet. Well show you how this plays out. Thats in the middle of the map. The south bay and east bay move very well. Traffic, but misty conditions around the bay bridge. The san mateo bridge is jammed. Take the dumbarton bridge if you can as annerinate. The other jam into san mateo coming out of burlingame. Southbound 101, a second crash and tow trucks are still not on scene. Two lanes are open but three are blocked. All new this morning, in the right place at the right time. Chp officers and firefigh