Meeting but it does seem hike this really is. He should have said really twice. Or at least three times maybe. This is it. Really really. This is like whackamole. Markets that go down they find a way and its a lot of times not what youre focussing on. Did you think once again well be 8 down . They have a plunge Protection Team like us but its not working at this point. Down 40 the market is over there in three weeks or four weeks. Still up 10 on the year. And 70 in the last 12 months. Its like the wild west. We shouldnt extrapolate everything over here from whats happening over there. But 180 points here or 8 there, maybe thats commensurate. Well wall street journal today, stocks plunged scarier than greece and thats written by the head of emerging markets and global macro at global stanley investment management. They make the point which is hotly debated in the market to what extent does the market crash in china have a Ripple Effect on the chinese economy and that has a Ripple Effect
Woodruff those are some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions and. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff wall street battled bad news all day and ended with sizeable losses. A computer glitch that stopped trading for hours. The Dow Jones Industrial average lost more than 260 points to close back near 17,500. The nasdaq fell nearly 90 points and the s p 500 fell 35. Ifill microsoft announced today its cutting another 7,800 jobs, or about 6 of its global work force. The cuts affect the companys struggling phone business.
Looking out for storms later on today. Dave murphy and matt pelman filling in for karen. Cloud covering in from the west. Well probably see some early sunshine and then a frontal boundary is going to be streaking right threw toward us and during the afternoon in particular there is a chance of some of this shower activity to move in and in the warm and humid air mass today it could trigger a drenching downpour producing shower or thunderstorm at some point. Best chance of that is later this afternoon but like yesterday we could have little bits and pieces of this popping up during the morning. 78 degrees in philadelphia right now, 76 in wilmington, 76 trenton, 71 in allentown and mid 70s down on the boardwalks. It is very humid out there again. Dewpoints up around 70 degrees or higher and that is what we call oppressive humidity so like the last couple of days you got to take it easy out there. 76 by 6 oclock, 81 by 8 oclock, warm and humid partly cloudy to start out with a little bit
Woodruff those are some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions and. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff wall street battled bad news all day and ended with sizeable losses. A computer glitch that stopped trading for hours. The Dow Jones Industrial average lost more than 260 points to close back near 17,500. The nasdaq fell nearly 90 points and the s p 500 fell 35. Ifill microsoft announced today its cutting another 7,800 jobs, or about 6 of its global work force. The cuts affect the companys struggling phone business.
Degree guarantee. The director of the office of Personnel Management is stepping down. Earlier today Katherine Archuleta told the president that she is leaving and her resignation comes the day after her agency disclosed that hackers stole the personal information of more than 21 million people. Members of congress in both parties demanded archuleta resign and beth cobert, opms second in charge, will serve as interim director. Many of those people affected by the Security Breach live and work right here around the nations capital. Peggy fox has been out talking to people today and joins us live on capital hill and, peg, i know people arent happy. Reporter oh, yes, they are worried, but they arent just blaming the opm director who just resigned. Theyre pointing to general leadership in the federal government and also when they call animosity from congress toward federal workers. I think its a mess. You know, my information was stolen and its distressing that its not as secure as it shou