the dow, nasdaq, the s&p fell more than 10% in record time. it is just as bad overseas. global markets lost 5 trillion bucks so far and keep going down. european and asian stocks fell 3 to 4% again today. markets are in the red, could move into the green at any moment, but this is serious business. i want to bring in cnbc s dom chu. from a markets perspective, what is the logic? 16 days ago we were killing it. six days we were at record highs for the s&p 500. 16 days for the dow. this is a market right now where traders have maybe not necessarily been surprised by the down side move but it was a combination of down side move in as fast a period as we ve seen. by the way, the six days it has taken for the s&p 500 to fall by at least 10% means that this is the fastest span in history for the s&p 500 that we have lost 10%. it only took six trading days. that s what caught traders off guard. there s a notion stocks were elevated. for perspective, we are within 12, 13% of record
surrounding dr. ronny jackson s allegations to head the va. the nomination is putting the spotlight on the nominee and the vetting question. hearings the question, why didn t the white house know more about jackson s record ahead of time. i have a great team to help to break it down. first, i want to understand where things stand. this is supposed to be the day that ronny jackson headed to capitol hill. instead, in damage control mode, jackson was abusive to his staff, improperly handed out prescription drugs and was even drunk on the job. i have to say again, these are allegations. the latest word from the white house is that jackson is not planning to withdraw his nominations. in fact, doubling down, face-to-face with the president last night during which the two agreed that jackson would fight the allegations. the white house backed him up with this statement, quote, dr. jackson s record as a white house physician is impeccable. he has improved unit morale, received glowin