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Detailed text transcripts for TV channel - FOXNEWS - 20190307:04:17:15
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high anxiety on wall street, the dow off to its worst january since 2008 in the middle of the financial crisis. stocks tumbled yet again today as we fear the closing bell. we re joined by cnn global economic analyst, but i want to start with cnn s alison kosik live at the new york stock exchange. alison, how bad was it today? it was pretty bad today, jake. i ve been watching the dow dip in and out of correction territory. that s where you see the dow off a recent 10% high. as the numbers settle i actually see them settling in correction territory. we ll have to see where the numbers settle, but overall it was an ugly day. but the selling was calm. i know strange to hear especially when you hear what a trader told me earlier today, that he sees the market close to capitulati capitulation, which is a fancy wall street term for extreme selling, where anybody who s thinking about selling just sells. now, the trader tells me that we re not there yet, but the selling could get a lot worse.
for president. right. what does that mean i can stop the strategist from spending that money. you can as the candidate. the donor if the treasurer of the super pac is, let s say, your accountant. yes, of course. then you basically control how that money is spent. so instead of saying we ve got to go up on the air in iowa and the treasurer of the super pac is my accountant. now, this is why you re seeing the super pacs that are numbered by private equity funds, like keep the promise 1, 2 and 3 because they re each designated by a certain donor or family or couple of donors that basically control how the money is spent. this is an evolution away from the first super pacs. of course. which raised a ton of money but were controlled by strategists and ad guys. after 2012 when people got their to use a wall street term that i love, their faces ripped off. that s right. by the donor class because it was a massive redistribution of wealth from basically slightly p
then you basically control how that money is spent. so instead of saying we ve got to go up on the air in iowa and the treasurer of the super pac is my accountant. now, this is why you re seeing the super pacs that are numbered by private equity funds, like keep the promise 1, 2 and 3 because they re each designated by a certain donor or family or couple of donors that basically control how the money is spent. this is an evolution away from the first super pacs. of course. which raised a ton of money but were controlled by strategists and ad guys. after 2012 when people got their to use a wall street term that i love, their faces ripped off. that s right. by the donor class because it was a massive redistribution of wealth from basically slightly politically naive rich individuals into shark consultants, right? it was amazing. and in fact this is one reason why the koch network is so popular on the right. it is a political organization run by donors for donors. it
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