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By the way, she should not have been out of the loop. to be on the sunday shows. to be on the sunday shows of all things. we all know this. people get briefed. these are your talking points for your sunday shows. this is what we want you to say. so she was clearly saying what she thought was administration policy, and was not confused and it seems to me the administration was confused because maybe the president was confused about what he wanted to do. what do you think? i think it s a lot of bumbling, and then kudlow came off as a real jerk in saying that. to his credit, he apologized rather quickly, because he sounds ridiculous in that. and i think look, there s so many perm utations. the president may have been out of the loop, the timing may have been wrong. there s lots of possibilities where they didn t have their act together on this. and the backdrop is always suspicious, because you wonder ....
Looks to be the dow down around 390. the nasdaq down around 146. as you mentioned the dow and nasdaq both briefly touching correction territory throughout the day and it s volatile trade. we started the day off with a steep drop. bounced back a bit during the day. then it touched session lows again. concerns here really over china and the chinese economy suffering and the government continuing to devalue their currency there, the yuan. when we hit lows of the day it was on a reuters report the yuan would drop further, potential 10% to 15% drop. that s something to continue watching. back over to you. wikate rogers from cnbc. josh is with us as well. josh, why are we hearing this phrase, increasingly, and there s been various perm utations of this throughout history when china sneezes, wall street could catch a cold? for a couple of reasons. china is the u.s. third largest ....