across asia. hong kong getting close to a 5% fall. that is a very big fall for hong kong. japan down 3%. australia down 2%. greece is playing into this as well. but very much at the moment it s the concerns about what is going on in china and when will this all end? at the moment though there doesn t seem to be any clear indication that is it going to end. consider this is just three weeks old, this stock market rout they have already lost 30%, more than $3 trillion wiped out and no end, really in sight at the moment. the big question of course is this going to spill over into the broader chinese economy? this is the second biggest economy in the world. what is the impact going to be there? i m joined by fred newman. good to have you on the show. first of all, what is the damage going to be for the broader
these folks weren t rioting like we have seen the past several days. they were there to clean up. now the problem is that the violence, looting and arson has spread to sever other british cities besides london. also a nationwide manhunt for two brothers and their older sister accused much opening fire on a florida police officer, then robbing a georgia bank. you re seeing the three siblings there and authorities do consider them armed and extremely dangerous. all right. wall street did a bit of a u-turn yesterday and thank goodness it did. we don t know exactly what it s going to do today. but we are waiting to see. that is coming up for us in about 29 minutes from now. the dow closed up 429 points yesterday. however, that was a reversal of fortunes from monday s loss of 634 points. christine romans in new york for us. alison kosik at the new york stock exchange for us. christine, 29 minutes away. what is going to happen? reporter: futures are lower and alison can tell
wide, the ability is one of the cornerstones in our democracy. the ability to move from one segment of the economy from working class to upper middle class. mobility is the key. mobility. you have another one. we ll go to break on dana mill banks. the perilous president. it s not fair to blame obama for yesterday s stock market rout. almost certainly the markets ignored him. that s the problem. the most powerful man in the world seems strangely powerless and irresolute. he delivered a statement on the economy beneath the portrait of abraham lincoln but that s as close as he came as force leadership. he lookled grim and swallowed hard frequent lip as he mixed fatalism with markets will rise and fall, with vague patriotic exhortations this is the united states of america. there will always be economic factors that we can t control, obama said, maybe but it would be nice if the president gave it a try? mike? we end this hour the way we begin the hour woneri erinwondee