Where the group leaders were texting prominent right wing figures about security around the january 6 rallies. seems pretty significant. interesting to see what exactly were people in trump s orbit saying back. obviously we re seeing some of the one way communications but the question is what does the back and forth look like. thank you for staying on top of this. and let s get a check on cnn business. looking at markets around the world, you can see asian shares all lower. shanghai popped about 1%. you have europe opening higher, and stock index futures also popping a bit. maximum market stress as one analyst warned, a year of stock market gains wiped out shaken by the war in ukraine and rapidly rising interest rates. big losses again monday, nearly 2% off the dow, s&p 500 dipping below 4,000. and it was a true tech wreck.
Cnn s chief business correspondent christine romans with us now. ro romans, just a lot on the table. you know, john, i can t remember a more difficult complicated set of factor at play at at once with no road map. deutsche bank puts it this way, we live in the most chaotic hard to predict macro economic times in decades. ubs signals market signals are high. a bunch of reasons, one of them, a pandemic broke global supply chains. fixing it hasn t been easy. the cool inflation of feds raising interest rates fast. after years of ultra low interest rates that is a shock for investors and borrowers. a year, a year of stock market gains have been wiped out. the broad s&p 500 already down 16%. it s a wreck for tech stocks. the nasdaq, john, the nasdaq has lost a quarter of its value.
Stock market recording record highs dozens of times, leading to record-high retirement account balances, creating so-called 401(k) millionaires. if the strategists at jpmorgan are right, there are favorable prospects in the new year. quote, our view is that 2022 will be the year of a full global recovery and end of the global pandemic and a return to normal conditions we had prior to the covid-19 outbreak. predicting more stock market gains for the benchmark s&p 500. and for those receiving social security, expect 5.9% more in your checks thanks to the government s annual cost of living adjustment. inflation, of course, the wild card in the new year. higher prices eat into wage gains and strain household budgets, especially for low-income earners. in new york, i m christine romans. thank you. college football s national championship game is set.
Normal conditions we had prior to the covid-19 outbreak. predicting more stock market gains for the benchmark s&p 500. and for those receiving social security, expect 5.9% more in your checks thanks to the government s annual cost of living judgment. inflation, of course, the wild card in the new year. higher prices eat into wage gains and strain household budgets, especially for low-income earners. in new york, i m christine romans. now, anyone who s braved hockey on the frozen lakes of canada, alaska, or minnesota, i d be one of them, knows the teeth-chattering feeling of bitterly cold weather. like at the national hockey league s annual winter classic, which believe me, earned its name. oh, i m loving that clothing. good going. temperatures plunged to minus 10 degrees fahrenheit or minus 23 degrees celsius. the coldest outdoor game in league history. you can see there, the players had to bundle up, as well, with
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