Where they had white a busy day. Gerri willis on the floor of the new york stock exchange. Same there. Phil flynn watching action in gold in chicago on the floor. Gerri, on the floor, take us through the crazy day. Reporter we started down, continued on. You can see by this chart, worst day for stocks since august 23rd. All subpoena 500 stocks traded lower. A decade low for manufacturing. Im not hearing from traders a huge amount of surprise about this. In fact it was surprising in the opposite direction we kept hitting new highs. They were more surprised by the fact that we hit nearly 900 points yesterday and today for the dow. Looking for earnings next couple weeks. That could be negative. Could be a replay of last years third quarter. Well see eps down about 2 yearoveryear. Major averages today, dow down 1. 85 . The s p down similarly, 1. 78. Nasdaq even more so. Look al that. Meanwhile talk about oil, this is an important thing. You see on the screen right there down seven consecut
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michael, thank you so much for being with us. i wanted to start with the affirmative action ruling. you actually wrote an opinion piece for cnn.com titled the conservative project to kill affirmative action was decades in the making. i m just wondering what the potential implications of this ruling were. how do you see this playing out in the future as precedent? well, i think a lot of people, of course, are wondering about that right now. i think the first reaction is going to be that everybody is going to probably take the court at its word. the court said a university admissions office, private or public, may not use race as a basis for its decision. nonetheless, the court said that universities could solicit essays from students about disadvantages or experiences they ve had. those essays could well make
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