it s kind of helter-skelter. some of them worked out okay. some of them have not. i think the difference here is that, you know, we are talking about two of the biggest economies in the world, the u.s. and china right here, fighting this thing out. and no one knows how it s going to go. when you think about the stock market, the s&p 500 is down 2% from its all time highs. it s important to consider, china s composite is down 20% from its highs. that is a bear market. when you think about who might blink first, the chinese are looking at the wealth created from the stock market. that s a really important thing. our investors don t seem to be particularly worried. but this thing s sort of happened and, you know, the market expression, risk happens fast, if you think back to august 2015, the stock market went down 10% in a straight line. what happened? chinese did a surprise devaluation of their currency. we re coming off a period now for the chinese currency that s the weakest against th
some developing news from wall street to bring you. stocks down after a surprise devaluation by china. the world s second largest economy. take a look, the dow currently at this number, a little over 100 points, so again the dow down a little over 100 points. you see that slowly going up to 103. we are watching that throughout the afternoon here. also developing, word that kraft is cutting 2500 jobs, including 700 employees at its national headquarters in illinois. the fda is issuing a warning now after kim kardashian posted a selfie on instagram promoting the morning sickness drug diclegis. the drug maker paid kardashian for that post and now the fda says the post failed to communicate the drug s potential risks. the post has since been deleted but a revised instagram post could be ahead for kim s 42.4 million followers. the influence of the kardashians.
peninsula. if you ve checked your 401(k) today you probably realized that your stocks have taken a major hit as fears of china s slowing economy tumbled yesterday. the dow jones closed down more than 530 points. the markets began falling last week after choin announced a surprise devaluation of its currency called the yuan. oil fell below $40 a barrel since the 2008 financial crisis. new details in the hillary clinton e-mail controversy. could a second server be involved? this as an increasing number of fellow democrats urged hadder to offer a better explanation for the mess. right now she insists only the media cares. is there any indication this issue will not go away? nobody talks to me about it