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Any precipitous policy, at least not at the present time. How much more shock can this market take before theres longterm effects on the economy . What do you think . Look, the market the markets had a shortrun correction, and i guess its 10 or 11 or something. Weve been through this many, many times before. And i dont think even though its frontpage story and nobody likes to see their asset values go down, i just dont think at this point its going to have much of an impact. I will qualify that, depends how long this lasts, how deep it goes, but i could cite a number of historical experiences. The one i remember the most, i was a cub scout way back when, and i remember the 1987 market crash and i remember president reagan going out and saying the economic v economy is fundamentally sound, and it actually grew by 3 or 4 in the next couple years after this crash. President trump said it in this room two nights ago, we just think the economy is sound, and therefore i just dont think this ....
Against james alex fields to firstdegree murder. Driving man accused of into a crowd of counterprotesters in charlottesville, virginia, during that white nationalists rally. Global news 24 hours a day. You are watching bloomberg. Emily i emily chang and this is Bloomberg Technology. Federal investigators confirm at least one criminal probe into uber. Will talk about what it means for the worlds most valuable startup. Plus, the worlds most the Worlds LargestFutures Exchange will begin allowing bets on the worlds biggest cryptocurrency. Plus, another first for spacex. Elon musks other Company Since a recycled mock rocket and recycled payload blasting into space. Why going green could be the future of space travel. But first to our lead. Uber is under at least ....
Move welcome, everybody the major average is down right now. The dow falling for the first time in four sessions, wall street socalled fear index, otherwise known as the vix, at the highest level in two months. Apple with a major drag, with fears of plunging iphone x demand the cap has dropped 45 million in a week. The action is really in the bond bond market where yields are soaring. Michelle, welcome back thank you. Michelle carusocabrera. Bob pisani is on the floor of the new york stock exchange. Bob, is it Rising Interest Rates starting to hurt stocks . Yes, for the moment and fears of Interest Rate hikes. Puff reits, on either side of and telecom and Home Building stocks, theyre all getting knocked rather noticeably there. Also interestinvestigate sensitive. Like thanks, figure, not doing too much already, but ....