Into wells fargo ceo over his companys fraudulent accounts. What was his defense and what happens now . Melissa back to the markets. The dow ending the day down nearly 200 points. Goldman sachs, merck, nike among the biggest drags. We have you covered from all angles. Trader Scott Shellady standing by at cme. Lori rothman on the floor of the new york stock exchange. Lori, the dow at one point was down 247 points today. What is driving the selloff . Reporter sell you, melissa, the market crashed at 1 45 eastern when a report came out saying hedge funds that use Deutsche Bank as a clearinghouse for Derivatives Trading business were bailing out of concerns weve been following for a couple days, weeks now, that deutch pang was having Deutsche Bank was having a crash crunch. That the 14 billion fine imposed by u. S. During the mortgage crisis was not being able to be covered. That is started things. The deep fear of contagion rattled all and thats when the selling started taking off. We cam
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