And we begin with one of the wildest days on wall street in years. The Dow Jones Industrial average plummeted nearly 1100 points minutes after the opening bell sounded this morning. Stocks managed to recover some of take losses, but at closing bell the dow was still down 500 points. Financial markets have lost trillions in value over the last few days. The euro first index lost more than 521 billion. The Australian Security Exchange lost 60 billion of value. And it is estated that s p 500 companies lost about 685 billion in value today. Mary snow spent the day on the Trading Floor on wall street. Mary, how do you explain what happened today . Thats the one question everyone was trying to explain, and theres no one simple answer, but there was one overriding theme, and that was fear and uncertainty. And to get a sense of just the wild ride you were just talking about, take a look at this oneday chart on the dow. It was the singlebiggest point drop in the market ever. The market did reco
Im a nervous type all the time. I have my own business so im always nervous. Reporter enough to frighten investors and vanguards chief economist, joe davis. If im nervous. Unnerving for me. Reporter but not unusual who says davis who offers this advice for investors taking their money off the table. Key is to not panic. That is hardest thing to do but perhaps most prudent and long term investing success is to do nothing. Reporter but do nothing prescription is hard to swallow here three rules from experts to help you get through it. Market swings are normal, avoid a knee jerk reaction, market changes and if you invest through a payroll deductions, keep doing so, this is an opportunity to buy low. I am nervous, not undually so because the marketings up and the marketings down and right now, it is down. Reporter so what should you do . Perhaps, nothing. Were seeing ugly side of the past few days but we have seen the Positive Side of the past three years. If one is going to have a higher
Look up and down wood haven boulevard its a traffic nightmare. We will take you first to show you where the closure is in place. It is on the northbound side retaining here with the intersection of 63rd drive. This has been in place for the duration and were expecting at least this closure to last through the rush hours. These delays take you back towards saint jones avenue. You can see the traffic going in the other direction. Thats changed in the last hour. They did have the southbound side of wood haven boulevard completely shut down by dry harbor road. They have reopened that. Look at the volume because everyone is stopping to take a look. You have some stops because of the traffic lights. It takes you back towards queens boulevard. Its been a steady stream of bumper to bumper traffic. Getting around this takes you to the west or east as viable alternates. Shannon stone, channel 7, Eyewitness News. Thank you. Now to our were breaking news, advice from most investment bankers, dont
Ancient temp until syria. We introduce you to these men determined to save these treasures. Will he run in Vice President bidens potential bid to the white house takes a big turn, thanks so some surprising words from the white house. Plus new orleans now. He lead the fight in the days after katrina. Now tens years later, general russell turns to a city forever changed since that storm. We begin with the aftermath of one of the most volatile trading days on wall street in years. Chinas shanghai composite lost more than 8 . That sent shock waves through Financial Markets ash around the world. The dow dropped sharply, and lost nearly 1100 points in minutes. It wasnt enough to stop the dow from losing 588 points for the day. Mary snow is here with more. That size drop was seen as a good thing, since it could have been far worse. There was a sense that this wasnt a flashback to the financial crisis of 2008, because now the u. S. Economy is showing signs of growth, but that didnt stop a gutw
Evacuees seek shelter where they can. Crisis averted. After threats, artillery fire, north and south korea pull back from the brink. Easing tensions on the boarder. The americans that stop the massacre. Good evening, im antonio mora. This is al jazeera america. We begin with volatility. Asian markets are open for trading, opening down significantly. Tom have rebounded, the volatility is high, chinas slowing economy sparked a sell off in europe, asia and the u. S. Global vestors are watching to see if it will continue to make waves in the conference on tuesday. Looks like another rollercoaster in asia today. Yes, i think the asia specific markets is reeling from whats happened on monday. Of course, monday evening, where you are, but its Tuesday Morning here, and the market is open within the last two hours. They have to say on everything that its the chinese market, a globalizer is fluctuating. Tes its down 510 . What we are seeing is japan, tai yarn, south korea. They have a turn aroun