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
Protesters are saying deposit policies are making it impossible for them to grow their crops. Its all moving rather rapidly. Weve learned in the last 15 minutes or so, massive elongated talks have come up with some kind of a deal between north and south korea. 50 submarines had put to sea, far more than any other time in recent memory and the demonstrations as you saw in our opening pictures in south korea protesting against the north have continued. The north was blamed for injuring two south korean soldiers, the south for its part, turning up propaganda loudspeakers, on the border. Harry fawcett is our man joining us live from seoul. It looks like some deal has been struck. Reporter it does indeed. Were hearing in just a couple minutes time were going to hear a press conference from the man who led the delegation, there are leaks appearing on the news agency which say there will be an agreement announced, some of the details, we cant verify until we hear from the man hisms himself ha
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
The slide puts renewed pressure on gulf markets where the losses of benchmark indexes across the region. Fixing up financials. We delve into the world of distressed assets with j. C. Flowers. Thats in half an hours time. If youre just joining us in the u. S. Good morning to you. Take a look at futures. We could be in for a rough ride on wall street. The dow indicating a 300 point move. Nasdaq significant nagle a 441 point move. This as the dow lost about 520 points on friday. That was the biggest one day decline in four years. Just take a look at how u. S. Markets closed. The dow, the nasdaq, russell 2000 are now in correction territory. Whats really interesting about the moves that we saw on friday is its not just the dow that is under pressure but its really across the board. The s p 500 well below 2000. A key psychological level that traders watch. Its the fundamental and technical story that analysts are voicing concern over. And the nasdaq. This has been the index that investors h
Reporter the friends were relying on their training traind their instincts. It started with two words, lets go. I tried to chute him terror on a train, Airman Spencer Stone walking oust the hospital eve overcoming a gunman on a parisbound train who could have taken his life and possibly others. A good ten meeters to get to the guy weapon didnt know his gun one working. Spencer just ran anyway. The gunman cut spencer. Alek skarlatos, recently back from afghanistan, also sprang into action. I showed up and grabbed the gun from him, and we basically started beating him in the head until he went unconscious. Passengers help tie up the 26yearold moroccoan gunman. Spencer and alek were on vacation with anthony sadler. In the aftermath we saw that a mans throat had been slit, and he was bleeding profusely, and spencer, who has some paramedic training, just clogged up his neck Job Authority says the gunman had an assault rifle, knife and close to a dozen additional cartridges, spencer and alek