Down 7 5 News Today

Live from london. bring us up to speed here. >> you can say that again, a rough start to the new year looking at the five first days of trade recapping the shanghai composite off by almost 10%. the dax, german index down by almost 9%, nasdaq off by almost 8%, the ftse, italian down 7.5% and the list goes on. just talking the first five days of trade. lot of people are confused what is taking place out of china and what it is the peoples bank of china are trying to guide us toward. they let the y...