Name: Stock Market Plunges As Coronavirus Fears Grip Wall Street | Hallie Jackson | MSNBC
Uploaded: 2020-03-03T08:50:54.000Z
Duration: 2 min 49 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

WE MIGHT NOT KNOW FOR MONTHS. WE’LL TALK ABOUT THAT MORE ON

WE’LL TALK ABOUT THAT MORE ON THE SHOW.

Gerund

THE SHOW. THANK YOU BOTH FOR BEING ON AND

THANK YOU BOTH FOR BEING ON AND BEING WITH US.

WE APPRECIATE IT. BACK TO SOMETHING WE WERE

BACK TO SOMETHING WE WERE TALKING ABOUT AT THE TOP OF THE

THE DOW WAS DOWN 400 POINTS. IT’S NOW DOWN 900 POINTS.

IT’S NOW DOWN 900 POINTS. THAT’S JUST OVER THE COURSE OF

THAT’S JUST OVER THE COURSE OF 34 MINUTES SINCE WE’VE BEEN ON

34 MINUTES SINCE WE’VE BEEN ON THE AIR.

A DROP OF 3%. WE’RE IN CORRECTION TERRITORY,

WE’RE IN CORRECTION TERRITORY, ALL CONNECTED TO CORONAVIRUS.

ALL CONNECTED TO CORONAVIRUS. BACK TO DOMINIC CHU.

BACK TO DOMINIC CHU. A SPECIFIC REASON WHY MARKETS

A SPECIFIC REASON WHY MARKETS ARE REACTING THIS WAY.

ARE REACTING THIS WAY. WE’RE SEEING THIS ACROSS DOW,

WE’RE SEEING THIS ACROSS DOW, S&P, ALL THE MARKETS REACTING

THIS WAY. >> IT’S A MAJOR MARKET CHARGE.

>> IT’S A MAJOR MARKET CHARGE. WE WERE TALKING ABOUT ON YOUR

WE WERE TALKING ABOUT ON YOUR SHOW, WE ARE NOW -- THIS IS

SHOW, WE ARE NOW -- THIS IS PRECIPITOUS BUT NOT FAR AWAY

PRECIPITOUS BUT NOT FAR AWAY FROM RECORD HIGHS.

FROM RECORD HIGHS. IT WAS PA WEEK OR TWO AGO

IT WAS PA WEEK OR TWO AGO DEPENDING WHICH MAJOR INDEX YOU

DEPENDING WHICH MAJOR INDEX YOU WANT TO LOOK AT, DOW, S&P,

WANT TO LOOK AT, DOW, S&P, NASDAQ, WE WERE AT RECORD HIGHS.

NASDAQ, WE WERE AT RECORD HIGHS. HOW QUICKLY THIS HAPPENED.

HOW QUICKLY THIS HAPPENED. FOR THE BETTER PART OF A YEAR,

FOR THE BETTER PART OF A YEAR, THE MARKET SEEMED TO DO NOTHING

THE MARKET SEEMED TO DO NOTHING BUT GO UP INCREMENTALLY, THE

BUT GO UP INCREMENTALLY, THE MOST BORING TRADE EVER.

MOST BORING TRADE EVER. IN THE LAST TWO WEEKS PEOPLE

IN THE LAST TWO WEEKS PEOPLE WAKE UP, OH, MY GOODNESS, IT’S

WAKE UP, OH, MY GOODNESS, IT’S DOWN 200, 300, 400, 500 A FEW

DOWN 200, 300, 400, 500 A FEW DAYS IN A ROW.

DAYS IN A ROW. >> PEOPLE LIKE ME, I’M NOT A

>> PEOPLE LIKE ME, I’M NOT A FINANCIAL PERSON, INVESTOR-TYPE

FINANCIAL PERSON, INVESTOR-TYPE PERSON, I’M SOMEBODY WITH A

PERSON, I’M SOMEBODY WITH A 401(K) KIND OF THING.

401(K) KIND OF THING. AT WHAT POINT DO PEOPLE AT HOME

AT WHAT POINT DO PEOPLE AT HOME START THINKING, HEY, MAYBE I

START THINKING, HEY, MAYBE I SHOULD BE GETTING WORRIED, MAYBE

SHOULD BE GETTING WORRIED, MAYBE I SHOULDN’T BE.

I SHOULDN’T BE. ARE WE STILL PRETTY FAR AWAY

ARE WE STILL PRETTY FAR AWAY FROM THAT POINT HERE?

FROM THAT POINT HERE? >> AGAIN, THIS IS NOT THAT IT’S

>> AGAIN, THIS IS NOT THAT IT’S A PANIC SITUATION.

A PANIC SITUATION. WHAT I’VE DONE, SO SAY MANY

WHAT I’VE DONE, SO SAY MANY FINANCIAL ADVISERS OUT THERE, IT

FINANCIAL ADVISERS OUT THERE, IT HIGHLIGHTS THE FACT PEOPLE

HIGHLIGHTS THE FACT PEOPLE SHOULD HAVE AND DO HAVE

SHOULD HAVE AND DO HAVE DIFFERENT RISK TOLERANCES.

DIFFERENT RISK TOLERANCES. THOSE AWAY FROM RETIREMENT OR

THOSE AWAY FROM RETIREMENT OR FUNDING THEIR CHILD’S EDUCATION

FUNDING THEIR CHILD’S EDUCATION IN COLLEGE ARE PROBABLY GOING TO

IN COLLEGE ARE PROBABLY GOING TO WANT TO LOOK AT THE MARKET

WANT TO LOOK AT THE MARKET DIFFERENT TACLOBAN YOU OR I WHO

DIFFERENT TACLOBAN YOU OR I WHO HAVE DECADES IN THEIR CAREER

HAVE DECADES IN THEIR CAREER UNTIL WE HAVE TO WORRY ABOUT

UNTIL WE HAVE TO WORRY ABOUT RETIREMENT OR THINGS LIKE THIS.

RETIREMENT OR THINGS LIKE THIS. I WILL SAY THIS.

I WILL SAY THIS. ANECDOTALLY FROM MY POINT, I’M

ANECDOTALLY FROM MY POINT, I’M YEARS AWAY FROM RETIREMENT AND

YEARS AWAY FROM RETIREMENT AND STILL HAVE A YOUNG DAUGHTER WHO

STILL HAVE A YOUNG DAUGHTER WHO IS GOING TO BE PAYING FOR

IS GOING TO BE PAYING FOR COLLEGE IN THE NEXT 15 TO 17

THESE ARE TIME HORIZONS I DON’T MIND SEEING THIS VOLATILITY.

MIND SEEING THIS VOLATILITY. FOR THOSE OUT THERE VIEWERS WHO

FOR THOSE OUT THERE VIEWERS WHO HAVE MONEY EARMARKED FOR A HOUSE

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Stock Market Plunges As Coronavirus Fears Grip Wall Street | Hallie Jackson | MSNBC

specific

situation

panic

career