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Detailed text transcripts for TV channel - MSNBC - 20110315:16:32:00

Points. that was after tokyo s nikkei stock exchange posted a more than 10% drop, the biggest one-day drop since 2008. japan is one of the biggest producer and sellers of goods worldwide. automakers, consumer electronics giants all suffered production losses because of the quake. we have our team from cnbc on what could be a growing economic crisis. melissa francis is at cnbc world headquarters and phil lebow in chicago. give me a sense of the mashlgts and how what s happening in japan is rippling around the world. we saw it right away overnight. you saw the nikkei drop. they have stabilized and come back a little bit as we saw futures in japan recover a little bit. mainly it s selling across the board. a liquidation everywhere you look. gold has been down, oil, silver, everything you see. it s been a tough day in the ....

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