down triple digits, all part of this global gut check. cristina alesci is joining me. we are closer to correction territory than we were when he spoke to you an hour ago. i heard big noises on the floor when we got that big drop. so clearly nervousness on this end but all around the world, as you mentioned, this is really a global story. the fact that emerging markets have take answer big hit. the uk is in official correction territory already. so we ve seen this kind of play out and the three main drivers here are lots of question marks around the second biggest economy in the world and its ability to grow and that s china. we got really negative data out of them last night. and then you have pressure on oil prices because there isn t enough demand in the face of a global supply glut. so you have those two things going on. plus, lots of question marks about what the fed will do if the face of this new market reality which is a lot more volatility than just a couple of mont
get there. there are three main things driving it. slowing global growth and china adding to fears overnight and, of course, if you have slower economic growth, there s less demand for oil so demand is down for oil at the same time that supply is up. continued pressure on oil is making investors nervous. and then the third is really the fed. what does the fed do in this environment and investors were confused about that to begin with. and on all of this uncertainty and fluctuation in the market and a lot of people were asking the question, what does the fed do in this environment? we had a fed official come out earlier and say, listen, we re not going to react to the market but it s kind of hard to believe that they aren t at least this isn t going to be playing out in the back of their minds as they decide whether or not to actually increase interest rates, you know, next month and possibly into the fall or even winter, poppy. we ll see if this officially becomes the cor
the big room, which was on the left side, and i throw tables and chairs that he should get out of here. and he injured a guy, [ inaudible ] guy bleeding here and his hand fell over. i ran into the other room because i tried to save my life. i saw him running down this way. so i ran out and two ladies came along with me. they hysterical. what time? i don t know the time now. they still hysterical right now. cnn s polo sandoval is live for us in monsey, new york. you re outside of the home where this attack happened. get us up-to-date. how is the community reacting and what is the responses from local leaders? reporter: with a lot of questions, victory. the main question is why? why did this happen? we should make very clear that, at this point, investigators have not officially determined or got as far to classify this as certain investigators are looking into that as a possibility, but, at this point, authorities, again, still in the early stages of this investigation. wh
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