This is Al Jazeera America live from new york city. Im randall pinkston. Investors seem to be catching their breath this hour. Reversing earlier huge losses on u. S. Stock exchanges. The dow right now is down 177 points. A big change from the open where the dow fell more than a thousand points. It was in response in part to the sell off in china. Oil prices plummeting, too, theyre now at a sixyear low. Ali velshi joins us to try to put son context and perspective on this whole thing. Down more than a thousand points. Now down 150normally we would not be talking about a dow that is down 1 . There have been a string of down days, that would make us want to talk about this, but when the market opened it opened in such velocity. Now as you said it was in response to what happened overnight in shanghai and asian markets. In america the dow closed down more than 500 points. I could tell that it was closing with such velocity and heading down that it was only the closing bell that would stop
This is al jazeera america. Ali velshi will join me in a memo. Catching their breath, the dow down 242 points, thats still a significant number. Uhhuh. The dow fell a thousand points at opening. This in response to a selloff in china. Shanghais Exchange Closed down over 8 over fears that the economy is slowing, seems to be the case, no doubt about that, oil prices are plummeting too. They are at a six year low. Ali is here. When you saw this, what did you think . You and i talked on friday after the markets closed. Down tick with high velocity. More selling. The only thing stopping the market from going lower was the clock. We knew asian markets would open lower, we didnt know the rate it would down tick. Erasing all of its gains for the year, its been down a lot lately, it was a hot market. As the sun moves fast, europe took another big hit and it reopened. What you saw was a finishing off like that this morning. Ive never seen a selloff, a thousand points but what is this about . Its
CSPAN U June 22, 2024 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.