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MSNBCW MSNBC Live With Kate Snow January 20, 2016

Budgets, they have to invest less in new products and lay off thousands of workers and has all sorts of knockon consequences. In 2015, when we saw the price of energy come down there are about 100,000 layoffs in the Energy Sector. In fact, the only sector in the economy that actually saw job losses because we have all been talking about how happy to have 5 unemployment. Guess what. In the energy patch theyre laying people off. Oil is a big factor. Another big factor watching and nervous about is overseas, the selloff were seeing in chinese equities still pretty wildly valued and worried wondering if thats a reflection of the chinese economy slowing down. Thats bad news for Big American Companies that export into china. We also the csmi global benchmark. Its down 20 or more from the most recent peak and theres a global selloff in equities and u. S. Investors biting thei ....

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