Dow plunges 800 points amid recession fears

Dow plunges 800 points amid recession fears


WITH PERSPECTIVE FOR US. DIERDRE: 800 POINTS DOWN, WE CLOSED AS YOU JUST SAID, AT SESSION LOWS. A WIPE-OUT DAY. NO OTHER WAY TO SAY IT. IF YOU LOOK AT THE DOW JONES INDUSTRIAL AVERAGE. THE FINANCIALS FELL HARD, GOLDMAN SACHS, JPMORGAN ACTION. WE HAVE BEEN TALKING ABOUT THE INVERTED YIELD CURVE. IT’S SHOWING BRASS TACKS TAKE AWAY. INVESTORS ARE MORE OPTIMISTIC ON THE NEAR TERM THAN THE LONG TERM. THAT DROVE A LOT OF THE SELLING AND ACTIVITY WE SAW IN THE BOND MARKET INCLUDING BUYING SO MUCH INTO THE 30 YEARS THAT WE SAW THE YIELDS AT NEVER BEFORE. IT SHOWED UP IN FINANCIALS, AS WE JUST COVERED ON THE DOW. IF YOU TAKE A LOOK AT THE OTHER SECTORS, MACY’S AS WELL. YOU HAVE BEEN COVERING THIS FROM AN EARNINGS ANGLE. THIS YEAR WILL BE A DISAPPOINTMENT TO INVESTORS. I HEARD MELISSA SAY SHE IS ON PACE. IF YOU LOOK AT SOME OF THE OTHER SECTORS WE HAVE BEEN FOLLOWING. TECH HAS HELD UP THIS MARKET FOR TWO YEARS. YOU HAD OIL DOWN MORE THAN 3%. THAT DATA COMING FROM CHINA AND THE EUROZONE MAKING INVESTORS QUESTION HOW STABLE ASIA AND

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About the Author: Oren Garnes

100 Comments

  1. This is so lame. It's a standard 10% correction (which is really 9.7% in most cases). September will be a run up again, level off and you get your October downturn. Standard head and shoulder pattern on the charts.
    LAME

  2. Trump must be glad about this. It seems like his policies are designed to get him beat in 2020,. Doesn't want the job and never did.

  3. Breaking News: As financial markets tumbled
    again Wednesday over concerns about a trade war with China and unrest in Hong
    Kong, White Nationalist President took to Twitter to request a one-on-one
    meeting with Chinese President Xi Jinping (Strong Leader). The tweet appeared
    to be the latest effort by the White Nationalist to get a hold of jittery
    markets in which investors are concerned about the administration's
    relationship with China and an ongoing trade dispute that shows little sign of
    ending. “The tweets make the U.S. White Nationalist leader look rattled.” “It’s
    clear the most positive thing the white nationalist president can do is suggest
    he’s ready to wind down the trade wars.” It is a sad day, The Great Leader
    blinked first. It appears he is crawling on his knees to the Chinese communists
    for a lifeline.

  4. Could the Tariffs be a front to bring economic collapse so the Chinese and Russian governments can benefit from the gold prices being driven up in an economic collapse? Hasn't China and Russia been amassing Gold Bullion for the past 10 years since the U.S. is no longer on the gold standard? Could this be a front for all that? To bring down Western macro economics while aiding China And Russian rise in global economic power backed by gold? Aren't Gold price going up now? Last I looked 1.5K per ounce from 1.2 k months ago. That's pretty fast. Isn't the yield on the treasury notes at current pointing to a major U.S. recession? Did the Dow Jones Loose 800+ points today? Looks like it's all happening now?

  5. Thanks Trump!! "Great economy this is!" 😂😂🤣🤣🤣 The buck stops with him, But somehow, it wasn't his fault??? 🤔
    The king of finger pointing and making excuses. 🤪🤣🤣🤣🤣

  6. I find it funny how TRUMP said China will pay for all the tariffs.. But he is delaying the tariffs cause of the holiday shopping .. Well to all those trumpsters who are still in denial. Trump is a dumbass cuz That's him saying prices do go up and the consumers end up paying for it…

    Trump has played chicken before and lost, filling bankruptcy on numerous occasion.. Unfortunately hes playing with something bigger he doesn't seem to understand. What a loser🤦‍♂️

  7. They shouldn't of let all them foreign governments buy in. Them folks have the power to get together and plan crashes. What did they expect for them to be polite. We're in for a Venezuela nightmare.

  8. The Trump house of cards is about to collapse! The US government is running $1 trillion deficits just to stimulate an economic growth of 2.1%. $1 trillion of artificially created excess demand that wouldn't otherwise exist! With US debt already over 100% GDP, imagine what will happen when the recession comes. The US is going to become Venezuela with iPhones; a banana republic without bananas! 🤣🤣

  9. I can’t wait to see with the little boy in the White House has to say about this, he will probably blame Hillary LOL.

  10. Trump promised to eliminate debt in 4 years; he increased it. He promised to win the easy trade war in China; he didn’t. He promised Mexico would pay for the wall; It won’t. His tax cuts were going to trickle down and spur the economy; they didn’t. What a great president.

  11. Well it would seem besides voter fraud we are going to get a lot of bad news,, possibly created by an enemy before 2020…I guess The President is going to have to roll up his sleeves again..

  12. We’re always heading for a recession the question is when. Chinese trade war has really sped the process. I wonder how the Trumpbros will put the blame on Libs lol

  13. Good ole Republican economics. Crash the economy get kicked out of office then blame the Democrats. Stupid voters forget stupid Republicans cause the recession and get reelected then enact the same b.s. policy's that caused the recession. As long as their buddy's get rich they don't care.

  14. EVERYTHING WE KNOW:?

    His guard was told ot leave and stand down no guards.

    He was put off suicide watch 1 hour before.

    He had the book a secret book because he worked for the MASSOD of ISREAL to get all the dirt on politicians and kings were were into kindo puedo.

    CLinton on trip to puedo island 29 times

    Jeb Bezos of amaozn 1 time

    many many more

    and yes it was the Talmud Babylonians who control media who has the most ot lose. hint.

  15. Ya… Someone tell trump delusional supporters that this idiot was a terrible business man. That aside….. A recession was warned already a while ago by the same mane who warned us before Obama. Well ontop of screwing with the middle and lower class on taxes ect….. Screw the banks a d the market too. Why not… Screws with everything els.

  16. Soros, Rothchilds and the disgusting elites at it again…STOP TRUSTING BANKS WITH YOUR MONEY, THEY CONSTANTLY PROVE THEY CANNOT BE TRUSTED WITH YOUR MONEY.

  17. Hey Trumptards in the beginning you were enjoying Obama’s successful Presidency! This is now the guy gone bankrupt 6 times doing !
    enjoy 😉🍄

  18. A lot of this is caused by algorithms which sell whenever market drops a bit.
    The rest is caused by morons playing with investments based on silly news.

  19. Wow it took less than three years under trump to collapse: economic, trade and foreign relations. I wonder what the conman will have to say abut this. AND THEN HIS STUPID SUPPORTERS WILL BUY IT!

  20. Don the Con is doing a great job. Great job , we do not need to trade with China 🇨🇳. Don’t worry 😉 Trump is going to make the USA 🇺🇸 great again.

  21. who cares dont let anyone else control your money. when you loose money it doesn't just disappear into thin air it goes into someones pocket all carefully orchestrated by the crimminaly greedy

  22. Moves those jobs back to America and other countries. The hell with China. The USA created what is today China's economy and the USA can undo China's economy. That's what China gets for trying to take over Asia.

  23. The economy is great but these people are simply trying to crash the economy so Donald Trump won’t get reelected. We don’t believe the market value was really correct

  24. If you want to know if a recession is coming don't look at interest don't even listen to the fed monitor bank credit creation for consumption (cpi index) and bank credit creation for productive purposes

  25. Atte Iván Alejandro Cortés Aceves
    La posición geográfica de México pieza clave para la Victoria Rusa y China. … . . .. . . . . . .. . . … . .. . .. .
    Atte Iván Alejandro Cortés Aceves

  26. When you vote for someone who's companies have declared bankruptcy multiple times… you think you'd get the hint…. 'Merica…

  27. I'm going to say they didn't have enough information who said they had good informationdid y'all take any grammar or anything or have speak English questionable

  28. Another one bites the dust, and another one, and another one… You still got it Baby…Trump – you can trash a country/business with the best.

  29. The longer chump remains in office the worst things are going to get….he's not a leader…..negotiator nor businessman….he's a wannabe and will be booted from the WH willingly or by vote….either way….it's over y'all…..go get your guns & Bibles👋👋👋😂😂😂😂😂🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

  30. Next they'll say he "meant to do that." Just the way they pumped him up over his epic business losses in the 90s. Trump is a fraud.

  31. And you keep hosting people that lie and say there is no recession . We are already feeling the recession everywhere you go business are slow. Tell people the truth you screwed up and few rich are stealing the money.

  32. No reason for panic. More than 300.000 new jobs were added in july. And you will see a new economic upswing when the new trade agreement between US, Mexico and Canada gets into force and again when a free trade agreement between the US and the UK is in place. And the US can develop its Asian markets further in spite of the ongoing conflict between Japan and South Korea.

    Also, internally in the US, there are a lot of possibilities to make the economy bloom even further. Once you start to bring down crime in inner cities and increase investments in renewal of schools, libraries, sport and cultural facilities, housing, infrastructure there will be a huge number of new job opportunities which will make the economical boom spread even further into all parts of US society.

    The Dems have had all the chances in the world to make the big cities work, but they have failed. If they try to obstruct Trump further, they will loose the black and the latino votes even more than already expected. Black people will not be the hostages and slaves of the white Democratic elite anymore.

    The Dow will go up again during the next years unless politicians succeed in sabotaging the economy for their personal gains. There is no need to talk about any recession. The good thing is, at the plans by Bernie & Co. to steal the money and use them on benefits for illegal migrants and criminals just went out the window.

  33. Wall street is working with chinese government to bring down stock market to force trump to quit. Trump must catch those traitors.

  34. Here are some rules of thumb for recession. Recession usually occurs when businesses cease to expand, the GDP diminishes for two consecutive quarters, the rate of unemployment rises, and housing prices decline. Now, GDP of the second quarter of 2019 declined a little bit, but the businesses are thriving, the unemployment rate is still quite low and the housing prices are still higher than a year ago. There's no reason to be panic when the US economy is doing well.

  35. Thanks to Benedict Donald wrecking Obama's economy with his bogus trade war. Now he's begging China on Twitter to meet with him…what a farce.

  36. What do you people expect? You raise everything so high, No one else can live but you🙃😤😔. Make the world a better place for all, not just the rich! I hope it keep dropping, you all need a good wake up call😔😝🙃. Poor people are the ones who make the world go round, keep pushing us out with all your antics and watch😂🤣…there is a GOD! He put us ALL here to live together😉!

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