He did not provide specific details about those changes. on sunday china reported more than 4,200 new covid-19 cases. the majority were in the hard hit city of shanghai which has been coping with a crippling lockdown which officials are now tightening even further. for more on that i m joined by cnn s steven jang. authorities plan to tighten those restrictions even more. what does that mean and what more are you learning about more mass testing that s now expected in beijing where you are? reporter: rosemary, things in shanghai took a rather ominous turn after the country s supreme court leader president xi jinping made clear last week he was not only sticking to a strict covid policy and in his words to
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It is hard to stay what the president will tweet about on any given day. as we look at the markets one more time, it s probably safe to say he won t be tweet building wall street today. he never tweets about down days on the market. the market has recovered a little bit, down 2% now. it was down 2.5% when i started the show almost an hour ago. cnbc s bill griffeth joins me now. hello, my old friend. good to see you. i m telling you what happened on the market today, ali? i love this i think you re helping us all understand, to what do we attribute of a 2% loss, a market that just fluctuates, concerns about a trade war, and the tech stocks that have sort of been taking a beating now the third week in a row? which is about the same story because when you think about it, now that china is talking about retaliating with tariffs of its own, that will affect the technology industry because it will affect the imports we bring over here. those electronic devices and components that are m
Msnbc.com/revolution. we re tracking the markets. watching how the dow is reacting to the president s attacks on amazon and fears of a trade war with china. right now we re where we were. and news anchors across dozens of local news stations are reading the same script about fake news to millions of viewers. nbc news has obtained a internal memo and the response is next. you tell your insurance company they made a mistake. the check they sent isn t enough to replace your totaled new car. the guy says they didn t make the mistake. you made the mistake. i beg your pardon? he says, you should have chosen full-car replacement. excuse me? let me be frank, he says: you picked the wrong insurance plan. no. i picked the wrong insurance company.
Here. the agricultural products and the technology products that will be most affected by these tariffs that china would go after will affect the california economy because they are huge in agriculture as we know and that s where silicon valley is placed as well. so, that s where the biggest hits are, and technology as you know, ali, is what has been leading this market higher the last few years. and if technology is getting hit, the rest of the market is going with it here. bill, i have less than a minute. talk to me about the fact there is some validity, a lot of validity to the president s concerns about china not being a good neighbor on trade. when you think about it, they have subsidized a lot of their companies that are importing/exporting over here. they re able to dump steel, they re able to dump other products. look at the washing machines they were dumping over here as well. so, yes, there is some validity to all of that. wall street is not convinced that a trade war in