A wild ride on wall street. The dow plunges again leaving many anxious about what will come tomorrow. Corporate america to main street usag evening, im ukee washington. Im jessica dean. Eyewitness News Reporter david spunt is live in the cbs3 sat center with more on what caused the wild ride and what if anything you should be doing. David . Reporter jessica people are calling eight wild ride. Shanghai composite in china opened down sixpoint 4 within the last hour and a half. Analysts they say there is a direct correlation between china and the United States. I spoke to a local economist who says the best thing to do if youre part of the stock market sit back, relax and wait till things go up. The dow jones plumetted again minutes after the opening bell. Dropping more than 1,000 points. Ive never seen the dow down a thousand points in one move. Reporter nervous traders watch the dow fall then rise then fall again causing high anxiety and mixed signals from those on the trading floor. Yo
Shanghai composite in china opened down sixpoint 4 within the last hour and a half. Analysts they say there is a direct correlation between china and the United States. I spoke to a local economist who says the best thing to do if youre part of the stock market sit back, relax and wait till things go up. The dow jones plumetted again minutes after the opening bell. Dropping more than 1,000 points. Ive never seen the dow down a thousand points in one move. Reporter nervous traders watch the dow fall then rise then fall again causing high anxiety and mixed signals from those on the trading floor. You know its the end of the world, no. Is this a crash, no. China economic slow down continues to spark fear on wall street. According to philadelphia based economist jill naroff a stock market expert. In a day like this you really begin to wonder, you know, what is driving thing. Is it just, you know, Computer Program uncertainty or near. Mondays up and downs came after friday fall of 530 poin
Election original documents. Capabilities they reveal and the secrets they contain make clear the very real issues in balancing the Public Interest with National Security. Worked inside the secret safe though say this power is vital for National Security and is used only for National Security. Will what the state needs, Law Enforcement needs is the possibility of accessing the communications of the terrorist s, the criminals, the kidnappers, the proliferators, the pedophiles. Those communications are all mixed up with everyone elses communications. Around the emails globe. You have powerful capability to find a small amount you are looking for. It does not mean you state is reading everyones email, would thatt nor conceivably be feasible. People might fear they could be reading my emails . I would put the proposition the other way round. Would you really support a world in which it was not possible for the police and intelligence agencies to find communications of the terrorist and the
Josh, or is there a timing element here because you wonder what is going on, why stocks are getting hit at this point . Its interesting. I was talking to traders today and some of them said listen, if you were concerned about this shutdown, if you were worried about the shutdown, if it had gone on longer than you anticipated, then why not trim some of those gains and some of these high flying stocks moved to the sideline until you see resolution or clarity about what will happen next inside the beltway. Josh, obviously, washington is the trump card but earnings are very poet tant, as well. Sure, alcoa informally kicking off the earning season. If youre a bull then youre wagering you will see, tyler, some resolution in d. C. And also, youll get a positive earning season, that you will get better than expected data points for traders, investors and analysts to look over and provide hopefully the next positive catalyst for the stock market, guys . Josh lipton reporting from Silicon Valley
For two months. We would then be going through this same thing in the middle of Christmas Shopping season, which i dont think many businesses would be interested in. We saw what happened in 2011 and then we would have to go through it again six months from now and six months after that and one something that i know the American People are tired of and i have to assume the vast majority of businesses are tired of is this constant governing. The leadership bipartisan is meeting with president obama tonight. Well see whether they can make any progress, but it looks like both sides digging in for awhile, at least a couple weeks until we get to the debt ceiling deadline. So jeff, we shouldnt hold our breathe something will come from the meeting tonight . Where is this going . How will it end . The ad machine statiadminist sufficient volume and intensity that he will put on the floor a clean extension of government funding, and then begin the negotiation process. The challenge is, of course,