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  • LIVE FROM STUDIO 46, THIS

  • IS CBS 2 NEWS AT NOON.

  • GOOD AFTERNOON, U.S.

  • MARKETS OPEN WITH A HUGE PLUNGE

  • TODAY, THE DOW FELL MORE THAN

  • 1,000POINTS.

  • REBOUNDED A BIT RIGHT NOW,

  • A LOOK AT THE BOARD SHOWS IT IS

  • STILL DOWN OVER 200 POINTS THIS

  • IS A STORY WE'RE DEVELOPING

  • CLOSELY THIS SOON.

  • JILL WAGNER JOINS US ON WHAT

  • ITMEANS FOR INVESTORS GOOD

  • AFTERNOON.

  • Reporter: GOOD AFTERNOON, A

  • ROUGH START TO THE TRADING DAY

  • AS YOU SAID THE DOW IS DOWN 211

  • POINTS A BIG IMPROVEMENT FROM

  • WHERE THE STOCKS STARTED,

  • SAYING THIS SELL OFF IS ALL

  • ABOUT CHINA THE DOW JONES

  • PLUMMETED DROPPING 1,000 POINTS

  • AT THE FIRST FEW MINUTES OF

  • TRADING.

  • FOR ME IT FELT LIKE THE

  • CRASH OF 87.

  • THE SELL OFF CONTINUES, DOWN

  • DOW PLUNGED 530 POINTS FRIDAY,

  • WORST SESSION IN FOUR YEARS AND

  • THE MARKET'S WORST WEEK SINCE

  • 2011.

  • FEARS OF CHINA'S ECONOMIC SLOW

  • DOWN ARE SHAKING INVESTORS,

  • WITH CHINA'S MAIN INDEX

  • TUMBLING 8.5%.

  • THIS IS A REPRICING OF THE

  • GLOBAL STOCK MARKETS.

  • ADDING IS THE PLUNGING PRICE

  • OF OIL, FELL $40 A BARREL SINCE

  • THE FIRST TIME SINCE 2009.

  • WALL STREET IS NOW IN WHAT'S

  • CALLED A CORRECTION, A FALL OF

  • 10% OR MORE FROM ITS HIGH.

  • CORRECTIONS ARE NATURAL IN A

  • BOWL MARKET, MOST ANALYSTS SAY

  • THIS ONE WAS LONG OVER DUE.

  • LONG-TERM I'M STILL, I

  • BELIEVE IN THE UNITED STATES OF

  • AMERICA FIRST AND FOREMOST AS

  • AN INVESTING OPPORTUNITY.

  • THE LAST CORRECTION CAME

  • FOUR YEARS AGO.

  • AND ANALYSTS SAY IT IS LESS

  • LIKELY THE FEDERAL RESERVE WILL

  • RAISE INTEREST RATES NEXT

  • MONTH, MOST ECONOMISTS STILL

  • THINK A RATE HIKE COULD HAPPEN

  • AT THE END OF THE YEAR.

  • COULD YOU GIVE US AN IDEA

  • IF THERE IS ANY FEELING WHEN WE

  • COULD SEE A BOTTOM IN THIS?

  • WELL YOU KNOW IT REALLY

  • DEPENDS ANALYSTS TELL ME WHAT

  • HAPPENS IN CHINA SO IF THE

  • MARKETS THERE FALL AGAIN OVER

  • NIGHT AS WE SAW THIS MORNING,

  • TOMORROW COULD BE REPEAT OF

  • TODAY BUT IF CHINESE REGULATORS

  • TAKE STEPS TO STABILIZE THE

  • MARKETS AND IT WORKS, WE COULD

  • SEE THE MARKETS HERE START TO

  • REBOUND.

  • JILL I WANT TO ASK YOU FOR

  • THE AVERAGE INVESTOR OUT THERE

  • AND WONDERING WHAT'S GOING ON

  • WITH MY 401K LOSING VALUE, ANY

  • ADVICE?

  • A LITTLE SCARY, ANALYSTS

  • TELL ME DON'T PANIC MANY SAY WE

  • WERE OVER DUE FOR A CORRECTION

LIVE FROM STUDIO 46, THIS

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B1 US dow correction good afternoon china afternoon jill

Stock Market Plunge

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    Peter Yang posted on 2015/08/27
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