Page 14 - Matt Eagan News Today

Wall street. the monthly jobs report just hours away. matt has all the latest for us next. they left a ton of stuff up here. welp, enjoy your house. nope. no thank you. geico could help you save on homeowners and renters insurance. imagine a world where nothing gets in the way of doing great work. where an american icon uses the latest hr tools to stay true to the family recipe. where a music studio spends less time on hr and payroll, and more time crafting that perfect sound. where the nations ...

The dow is down more than 300 points earlier in the day and balances lost more than 700 points since tuesday. the sell-off began after the institute of supply management reported a slow down in the u.s. service sector. lets bring in matt eagan lead writer for cnn business. many people saw the lead in manufacturing and many people thought it was isolated. american manufacturing the smaller part of the economy and then this. >> happy friday, guys. we made it through another pretty crazy week. >> a...

To do -- or not -- business with the u.s. >> a lot of the investors and economists are concerned about the tariffs and this is not a response to a trade issue -- >> immigration. >> it is homeland security. so the concern now is that if tariffs could be put on because of a immigration issue, they could be put on and used as a weapon for anything. and so that creates a little bit of destabilizing factor there. >> close us out. >> tariffs are the presidents diplomatic weapon of choice. >> about to ...

Mexico needs to do but the president said this today. >> coming up by the millions, mexico can stop it. they have to stop it. otherwise we just wont be able to do business. it is a very simple thing. and i think they will stop it. i think they want to do something and make a deal. and they sent their top people to try and do it. well see what happens today. we should know something. >> matt eagan is a cnn business senior writer and richard quest is cnn business editor at large and host of his ow...

Matt, what are you seeing? >> reporter: well, the dow is on track for its worst day of the biden era. we havent seen losses like this since late october. and remember that was long before the successful rollout of vaccines and the reopening of the economy. as you could see, the dow down about 750 points, 2.2%, the other major markets down 1%. and 1.5%. now this is being driven by covid concerns, particularly the delta variant that you were just talking about. the worry is that this variant, whic...