REPORT. HERES LESTER HOLT.

HERES LESTER HOLT. >> GOOD DAY FROM NEW YORK WERE

>> GOOD DAY FROM NEW YORK WERE

COME TONGUE AIR WITH BREAKING NEWS FROM WALL STREET.REAKING

NEWS FROM WALL STREET. THE DOW SUFFERING A BIG FALL

THE DOW SUFFERING A BIG FALL TODAY.

TODAY.

LETS LOOK AT THE FINAL.

LETS LOOK AT THE FINAL.

OVER 1100 POINTS. 4.5% DOWN.POINTS.

4.5% DOWN. KEEP IN MIND ITS OFF A HIGHER

KEEP IN MIND ITS OFF A HIGHER MARKET IN GENERAL.

MARKET IN GENERAL. STOCKS CONTINUING THEIR SLIDE

STOCKS CONTINUING THEIR SLIDE

FROM FRIDAY.

FROM FRIDAY.

FOR MORE LETS GO TO C BE INS

FOR MORE LETS GO TO C BE INS

TYLER MATHISON.

TYLER MATHISON.

WHATS GOING ON? >> THIS WAS A DAY LIKE NONE

>> THIS WAS A DAY LIKE NONE OTHER ON WALL STREET IN TERMS OF

OTHER ON WALL STREET IN TERMS OF

THE DOW. AT ONE POINT BETWEEN 2:50 P.M.

AT ONE POINT BETWEEN 2:50 P.M. AND 3:10:00 P.M. THE DOW LOST

AND 3:10:00 P.M. THE DOW LOST

ABOUT 1,000 POINTS GOING FROM A LOSS OF 600 POINTS TO 1600ROM A

LOSS OF 600 POINTS TO 1600 POINTS.

POINTS.

AT THAT LOW POINT IT WAS OFF MORE THAN 6%.OINT IT WAS OFF

MORE THAN 6%. AS YOU SEE IT HAS COME BACK A

AS YOU SEE IT HAS COME BACK A

LITTLE BIT AND NOW IS DOWN ABOUT 4.6%.E BIT AND NOW IS DOWN ABOUT

4.6%.

THE DOW, LESTER, IS NEGATIVE FOR

THE DOW, LESTER, IS NEGATIVE FOR

THE YEAR AFTER A SPECTACULAR

THE YEAR AFTER A SPECTACULAR

JANUARY.

JANUARY.

THE S&P 500 IS BRIEFLY WAS

THE S&P 500 IS BRIEFLY WAS

NEGATIVE FOR THE YEAR. BUT DONT FORGET THIS, FOLKS.

BUT DONT FORGET THIS, FOLKS. SINCE LAST YEAR THE DOW IS STILL

SINCE LAST YEAR THE DOW IS STILL UP IN OVER THE PAST 12 MOSBY

UP IN OVER THE PAST 12 MOSBY 22%.

22%.

THE NASDAQ BY 24%. AND THE S&P BY ABOUT 18% THAN

AND THE S&P BY ABOUT 18% THAN WITH THESE LOSSES.

WITH THESE LOSSES. THIS WAS KIND OF OLD SCHOOL

THIS WAS KIND OF OLD SCHOOL VOLT,VOLT

VOLT,VOLT VOLATILITY TRIGGERED BY

VOLATILITY TRIGGERED BY MACHINES, ARTIFICIAL

MACHINES, ARTIFICIAL

INTELLIGENCE SIGNALS THAT YOU AND I, LESTER, COULDNT DISCERN

AND I, LESTER, COULDNT DISCERN ON OUR OWN.

ON OUR OWN. WELL SEE WHAT HAPPENS.

WELL SEE WHAT HAPPENS. BUT THIS WAS FOLLOWING THE

BUT THIS WAS FOLLOWING THE PATH -- MANY SELLOFFS THAT BEGAN

PATH -- MANY SELLOFFS THAT BEGAN ON FRIDAY AND CONTINUED AND

ON FRIDAY AND CONTINUED AND VIOLENTLY ON MONDAY.

VIOLENTLY ON MONDAY. >> WHAT WEVE SEEN SOMETIMES IN

>> WHAT WEVE SEEN SOMETIMES IN THE PAST THESE THINGS GO AROUND

THE PAST THESE THINGS GO AROUND THE WORLD.

THE WORLD. OVERSEAS MARKETS OPEN LATER

OVERSEAS MARKETS OPEN LATER TONIGHT.

TONIGHT.

COULD THIS SWING BACK AND BRING

COULD THIS SWING BACK AND BRING

ABOUT ANOTHER DAY.

ABOUT ANOTHER DAY.

>> IT COULD.

>> IT COULD.

OR IT COULD GO THE OTHER WAY. YOU EXPECT THAT WHEN ASIANAY.

YOU EXPECT THAT WHEN ASIAN MARKETS OPEN IN ABOUT FOUR HOURS

MARKETS OPEN IN ABOUT FOUR HOURS TIME THAT THEY WOULD REACT AND

TIME THAT THEY WOULD REACT AND REPRICE BASICALLY SELL OFF

REPRICE BASICALLY SELL OFF THEMSELVES.

THEMSELVES.

MAYBE THEY THEN GET SOME BUYERS WHO COME IN AND GET THEIRBUYERS

WHO COME IN AND GET THEIR FOOTING.

FOOTING.

THEN IT WILL AS YOU SAY GO AROUND THE WORLD MOVING FROM

AROUND THE WORLD MOVING FROM ASIA THROUGH THE MIDDLE EAST AND

ASIA THROUGH THE MIDDLE EAST AND THEN INTO EUROPE.

THEN INTO EUROPE. I WOULD EXPECT TO SEE THOSE

I WOULD EXPECT TO SEE THOSE MARKETS SELL OFF AT LEAST EARLY

MARKETS SELL OFF AT LEAST EARLY IN THE DAY ON TUESDAY, AND THEN

IN THE DAY ON TUESDAY, AND THEN MAYBE, MAYBE SOME BUYERS COME

MAYBE, MAYBE SOME BUYERS COME IN.

IN.

>> TYLER MATHISON FROM CNBC. THANK YOU.ATHISON FROM CNBC.

THANK YOU. I WANT TO GO TO OUR CHIEF WHITE

I WANT TO GO TO OUR CHIEF WHITE HOUSE CORRESPONDENT HALLIE

HOUSE CORRESPONDENT HALLIE JACKSON ON THE NORTH LAWN.

JACKSON ON THE NORTH LAWN. A WEEK AGO THE PRESIDENT WAS

A WEEK AGO THE PRESIDENT WAS TAKING CREDIT FOR THIS STRONG

TAKING CREDIT FOR THIS STRONG MARKET.

MARKET.

ANY REACTION FROM THE WHITE

ANY REACTION FROM THE WHITE

HOUSE TO WHAT WE SAW HERE?

HOUSE TO WHAT WE SAW HERE?

>> Reporter: THERE.

>> Reporter: THERE.

THEY SAY LISTEN WE TUNED STOCK MARKET WILL FLUCTUATE IN THECK

MARKET WILL FLUCTUATE IN THE SHORT TERM BUT THEY BELIEVE IN

SHORT TERM BUT THEY BELIEVE IN THEIR WORDS THAT THE

THEIR WORDS THAT THE FUNDAMENTALS OF THE ECONOMY ARE

FUNDAMENTALS OF THE ECONOMY ARE STRONG.

STRONG.

YOURE RIGHT JUST A WEEK AGO THE PRESIDENT WAS DOWN PENNSYLVANIA

PRESIDENT WAS DOWN PENNSYLVANIA AVENUE, TOUTING THE STATE OF THE

AVENUE, TOUTING THE STATE OF THE ECONOMY IN THE STATE OF THE

ECONOMY IN THE STATE OF THE

UNION SPEECH.

UNION SPEECH.

ITS ONE OF HIS FAVORITE AND

ITS ONE OF HIS FAVORITE AND

MOST FAVORITE TALKING POINTS BUT SET UP AN INTERESTING SPLITS BUT

SET UP AN INTERESTING SPLIT SCREEN.

SCREEN.

ON ONE HAND THE PRESIDENT IS IN

ON ONE HAND THE PRESIDENT IS IN

CINCINNATI TALKING UP HIS TAX LAW AND TALKING ABOUT WHAT IT

LAW AND TALKING ABOUT WHAT IT HAS DONE FOR THE ECONOMY.

HAS DONE FOR THE ECONOMY. AT THE SAME TIME THE DOW

AT THE SAME TIME THE DOW PLUNGING ALMOST MINUTE FOR

PLUNGING ALMOST MINUTE FOR MINUTE AS THE PRESIDENT WAS

MINUTE AS THE PRESIDENT WAS SPEAKING.

SPEAKING.

NOT THE OPTICS THAT THE WHITE HOUSE WANTS TO SEE. THE WHITE

HOUSE WANTS TO SEE. THIS IS A PRESIDENT WHO JUST A

THIS IS A PRESIDENT WHO JUST A COUPLE OF WEEKS AGO POSSIBLY

COUPLE OF WEEKS AGO POSSIBLY HITTING 30,000.

HITTING 30,000. IN THE PAST PRESIDENTS HAVE

IN THE PAST PRESIDENTS HAVE TRIED TO SHY AWAY FROM TAKING

TRIED TO SHY AWAY FROM TAKING TOO MUCH CREDIT FOR STOCK MARKET

TOO MUCH CREDIT FOR STOCK MARKET GAINS BECAUSE ON THE FLIP SIDE

GAINS BECAUSE ON THE FLIP SIDE THERES THE POSSIBILITY YOU OWN

THERES THE POSSIBILITY YOU OWN THE LOSS TOO.

THE LOSS TOO. THAT SEEMS TO BE THE LESSON THE

THAT SEEMS TO BE THE LESSON THE PRESIDENT IS LEARNING TODAY.

PRESIDENT IS LEARNING TODAY. HES DUE BACK HERE AT THE WHITE

HES DUE BACK HERE AT THE WHITE HOUSE A LITTLE LATER ON THIS

HOUSE A LITTLE LATER ON THIS AFTERNOON.

AFTERNOON.

WELL SEE IF HE ANSWERS ANY QUESTIONS FROM REPORTERS ON

QUESTIONS FROM REPORTERS ON THIS.

THIS.

>> THANKS VERY MUCH.

>> THANKS VERY MUCH.

LET ME GO BACK TO TYLER.

LET ME GO BACK TO TYLER.

WERE TALKING ABOUT THE DOW.

WERE TALKING ABOUT THE DOW.

TRANSPARENT OTHER MARKETS

TRANSPARENT OTHER MARKETS

REFLECTING THE SAME FALL?

REFLECTING THE SAME FALL?

>> ABSOLUTELY THE SAME BUT NOT QUITE AS MUCH AS THE DOWUT NOT

QUITE AS MUCH AS THE DOW INDUSTRIALS WERE OFF 4.6%.

INDUSTRIALS WERE OFF 4.6%. THOSE NUMBERS WILL SETTLE UP.

THOSE NUMBERS WILL SETTLE UP. THAT MAY NOT BE THE FINAL COUNT.

THAT MAY NOT BE THE FINAL COUNT. S&P 500 WHICH IS A BROADER INDEX

S&P 500 WHICH IS A BROADER INDEX THAN THE DOW OFF 4.1% AND THE

THAN THE DOW OFF 4.1% AND THE NASDAQ WHERE A LOT OF TECH

NASDAQ WHERE A LOT OF TECH STOCKS LIVE THOSE WERE DOWN AS

STOCKS LIVE THOSE WERE DOWN AS YOU SEE THERE 273 POINTS, ABOUT

YOU SEE THERE 273 POINTS, ABOUT 3.8%.

3.8%.

>> TYLER MATHISON, THANK YOU

>> TYLER MATHISON, THANK YOU

VERY MUCH.

VERY MUCH.

WELL HAVE A COMPLETE WRAP UP ON

WELL HAVE A COMPLETE WRAP UP ON

ALL THIS TONIGHT ON "NBC NIGHTLY

ALL THIS TONIGHT ON "NBC NIGHTLY

NEWS." FOR NOW IM LESTER HOLT.