industrial average was up 6%. a typical year on average is that the market is up 8% or 10% for the entire year. reporter: investors have been making money, and those that are overly concerned about monday s drop should consider that on black monday in 1987, the dow jones lost 22 1/2% of its value. in october, it shed 18% of its value. we have a buying opportunity and stocks are on sale. reporter: mcbride said that it does not mean that certain companies are not a safe investment. last quarter, the fourth 1:45 thousand 17, apples revenues were $88 billion. this is a company that is making almost $1 billion everyday. it is incredible. reporter: the volunteer to the volatility volatility also affects people s retirement plans, but there is no need to be overly concerned. if you panic and sell when the market drops, and sit on the sideline until there is a big recovery, and any people did this back in 2008 and 2009. they waited a couple of years to get back in, and
we ll tell you the most important change to look for on your paycheck to see the trump tax changes and take home pay. and the eagles have landed. philadelphia gearing up for the biggest celebration that city has seen since maybe colonial times. early today starts right now. good tuesday morning. i m frances rivera. and i m phillip mena. the markets are in for a rough start this morning after a record breaking plunge on monday. the dow jones closing below the 25,000 mark after losing nearly 1200 points, the largest single day drop in history. the massive decline continues the slump that began last week amid worries of higher interest rates. despite the massive loss the president says the president s focus on the country s long term economic health. tracie potts joins us now with more. good morning. reporter: good morning. the president says this is a blip on the radar of a strong economy. speaking in ohio last night, he talked about jobs and manufacturing. we v
street is not over yet. now at 11:00, the dow suffered its biggest point drop in history. it looks like the rough ride on wall street is not over yet. i m elizabeth cook. i m ken bastida. let s take a look at the asian markets. they are taking a beating right now. japan is down almost 5% in tuesday morning trading. hong kong down about 4.5%. the dow finished the day down more than 1,100 points. that is a loss of 4.6%. that is the largest in seven years. mark sayre on what s driving the selloff. mark? reporter: it looks like another brutal day tomorrow. stock features are pointing to a selloff of perhaps 500 more points at the opening bell. it may have been the single biggest point drop in stock market history. and there is still not enough to trip automatic circuit breakers to slow or stop trading. san jose staid economics professor say san jose state economics professor says the trading has dropped. we have a lot of computers that are doing the trading. it is not a
tuesday morning trading. hong kong down about 4.5%. the dow finished the day down more than 1,100 points. that is a loss of 4.6%. that is the largest in seven years. mark sayre on what s driving the selloff. mark? reporter: it looks like another brutal day tomorrow. stock features are pointing to a selloff of perhaps 500 more points at the opening bell. it may have been the single biggest point drop in stock market history. and there is still not enough to trip automatic circuit breakers to slow or stop trading. san jose staid economics professor say san jose state economics professor says the trading has dropped. we have a lot of computers that are doing the trading. it is not actual humans who dot majority of the trading now. reporter: it is highly sophisticated and automated computer algorithms making buying and selling decisions. so when the slide begins, it could be quickly magnified. the ride started on friday with a series of selloffs, but continue today as tra
overall today as it was yesterday. let s get you to the weather center and we are looking at that cloud cover that did sweep in overnight. had a lot of sunshine yesterday during the day though. that was pleasant. even though there was a cold wind and as we take a look at temperatures this morning, yeah, we re cold. 27 degrees in philadelphia, 25 in trenton, 23 degrees in allentown, 26 in wilmington and 23 in millville. but overall the winds are not as strong today and so our wind chills not as bad. it s being like 22 degrees in philadelphia, 23 i allentown, obviously you will want to bundle up. as we go through the day the temperatures are a little bit milder. 30 degrees by 8 o clock. 33 by 10 o clock. i think we re going to stop at around 40 for a high. this model has 41 and you can see how the sunshine does start to come back the later we go into the day. winds today will probably not quite match the 10 to 20 from yesterday so wind chills we re expecting to only make it fee