Stocks after the worst day for the averages in two years . Does it make sense to bail on the market when the dow just plunged 1032 points, s p 500 plummeted 3. 35 , and nasdaq nose dived 3. 17 is that the right thing to do or should we treat in melt down like a buyable pull back honestly, it depends on five factors. So lets check them down one, do you have enough cash to buy or do you need to borrow to make that happen if you dont have a decent amount of cash on the sidelines, you shouldnt do any buying. Do some selling in a moment of strength history suggests we could bounce tomorrow take advantage of that lift, do some selling promises are not going away. Look at your bank account, do you need that money in the near term, say the next 12 to 18 months, if you dont think youll need it and you havent bought anything yet, then i think it makes plenty of sense to start putting that cash to work but only if the market gets hit again. Do not buy a rally please. Get a rally, you missed it it
Top story here in the uk an raf helicopter is helping to protect a town in derbyshire in danger of flooding. Now on bbc news, Asia Business report. Jumps new tariffs hit markets. Shares, oil and the dollar slide as the us president announces fresh levies on china trumps tariffs. Admission to bangkok. How the uk is hoping to line up post brexit trade deals in asia. Good morning and welcome to this friday edition of Asia Business report, live from singapore, with me, mariko 0i. Lets start with the trade war. As you have been hearing on newsday, the us president has announced fresh 10 ta riffs president has announced fresh 10 tariffs on another 300 billion of chinese products from the start of next month. It is the latest move in the escalating conflict between the worlds two august economies and comes worlds two august economies and co m es after worlds two august economies and comes after a new round of talks this week showed no signs of a significant breakthrough. The announcement is h
Womans year long struggle with the justice system. And a show of force from englands bowlers, as they dominate australia on the first day of the ashes at edgbaston. And coming up on bbc news a bogey free round for englands charley hull on the first day of the british open. Shes in the clubhouse and in contention at her home course of woburn. Good evening, and welcome to the bbc news at six. More than 6,000 people have been told to leave their homes in the derbyshire town of Whaley Bridge after heavy rain caused part of a nearby dam to collapse. Police have been telling residents to gather some belongings and head to a local school, amid fears that the wall could collapse, with water from the toddbrook reservoir engulfing the town. The Environment Agency has warned that there is a danger to life. Flood warnings remain in place tonight across several parts of Northern England following another day of heavy rain in some areas. Judith moritz is in chapel en le frith, where those evacuated
Fulton Financial Markets after trade taking their pets and their talks of beijing. Medication with them. Well bring you all the latest from our correspondents at the scene. Also tonight. The bank of england has cut its forecasts for growth in the uk for the next two years. Its also predicting a one in three chance of the uk economy shrinking at the start of next year. Those projections are based on the assumption britain leaves the eu with a deal. But the new Prime Minister Boris Johnson has promised to deliver brexit by october 31 whether he gets a deal or not. Heres the banks governor mark carney on that prospect. In the event of no deal, it is probable that the inflation will rise in the growth will slow. For example, our agents surveys of businesses say that most Companies Report that they are largely ready for no deal. However, just a fifth describe themselves as fully ready while three quarters of respondents say they were as ready as they can be. Before mark carney spoke the gov