Seen with Global Markets overnight. Asian markets suffering huge losses in mondays session. Take a look at shanghais benchmark index down 8. 5 on the day. European stocks plunging as well. Its shaping up to be an ugly day on wall street. We have Live Team Coverage cnn chief Business Correspondent Christine Romans here with me in new york. In hong kong we have Andrew Stevens. We begin with christina live on the floor of the new york exchange. What you hearing . There are two things that drive the market fear and greed. Fear took over. Investors watched indexes around the world plugged with specific focus on china, there are lots of concerns. As you said, 8. 5 drop. The biggest since 2007. That is a huge hit again, sparking concerns that i think for the average person this morning theyre starting to wonder what does this mean for the u. S. Economy . What does this say about the u. S. Economy . And what were talking about there is really fundamentals and the u. S. Theyre pretty strong. We
Following the arrest of seven activists. Were also learning more details about why president trumps longtime assistant is suddenly out of her job. Welcome to our viewers here in the u. S. And around the world, coming to you live from atlanta. Im natalie allen. Im George Howell from cnn world headquarters. Newsroom starts right now. People in florida are preparing for the worst as a monster storm heads their way. In a 24hour period, Hurricane Dorian went from a category 1 to an extremely dangerous category 4 with maximum sustained winds of 140 miles an hour or 220 kilometers. Its still not known exactly where that storm will make landfall. But right now its projected to hit near melbourne, florida. Thats on tuesday. And then go up the coastline. Here is a look at the storm from a Hurricane Hunter aircraft. A hurricane warning is already in effect for the northwestern bahamas. The Prime Minister there has issued evacuation orders for some locations ahead of the storm. Meantime, evacuatio
Cnn newsroom starts right now. The g7 summit is how we start at 5 00 a. M. Eastern time. The u. S. President set to touch down in france at this hour to attend the summit. As he arrives, well bring you that. Its a chance for the wealthiest nations to tackle probably in probl global problems. President trump didnt want to go, considering it a waste of time. Last years event in canada has not been forgotten. The host this year, the french president Emmanuel Macron has played down expectations for this summit. He scrapped things that traditionally concludes each summit saying it was pointless. Mr. Trump left behind the stockmarket reeling the worst in washington and beijing. It came after he said hed hike tariffs on chinese imports after china made a similar move on American Goods and wall street responded the dow jones dropped more than 600 point, but the president brushed it off. He claimed he was only doing what previous president s should have done all along. China has been hurting ou
We start this day with a Massive Development in the fight against americas Opioid Crisis. Yeah. Late sunday night oxycontin maker Purdue Pharma filed for bankruptcy protection in new york. The company is facing more than 2,000 lawsuits that allege it helped fuel americas deadly Opioid Epidemic thats claimed nearly 400,000 lives in the past decade. In a statement Purdue Pharma says the settlement is estimated to provide more than 10 billion of value to address the crisis. But the companys legal battles are far from over. Reuters points out that two dozen states remain opposed or uncommitted to the proposed settlement. Lawsuits claim the company and the controlling Sackler Family misled doctors and patients about potential addiction and overdose risks. Purdue and the Sackler Family have denied the allegations, and you can say with cnn for developments on this issue in the hours ahead. The other big story were following around the world this weekends attacks on the Saudi Oil Industry send
It is 4 00 a. M. Here on the u. S. East coast and this hour the state of florida is bracing for a monster storm. Take a look here at Hurricane Dorian. There it is, very well defined eye, that storm a category 4 with maximum sustained winds of 140 miles or 220 kilometers per hour. It is still unclear exactly where the storm will make landfall. Right now it is projected to hit melbourne, florida on tuesday and then go up the coastline, but that could change and it is a large slow storm. So we shouldnt concentrate on just one point. Here is a look at the storm from the International Space station. Before florida, dorian will hit many parts of the bahamas. Hurricane warnings are already in effect for the northwestern about a ham ma bahamas. The Prime Minister has issued evacuation orders for some locations and they are preparing for heavy rain and a lot of flooding. The Deputy Director of the bahamas director of meteorology talked about conditions earlier. Listen. The good news for us is t