Page 21 - Point Drop News Today

>> i cant continue to support short-term spending bills. its reckless for the planning of every federal agency and people who depend on it. ive been on student counsels that plan farther than three to four weeks out and its time the government start doing that too. >> we appreciate you being here. thank you. >> my pleasure. >> want to focus on another major story were watching all day today, that is the markets. the big board now. they are in the green. approaching 100 points. the stock up after...

Stocks, newer companies, that also hit a high. january 26th was the big day in the markets. 7,505 was the number. since then, its lost 538 points or 7% as of the close last night. 23% gain over the year. 2% loss. in the end, you ended up with a 2% loss over the last -- since the beginning of the year. thats what you have to keep in context. i want to bring in stephanie again to the discussion. stephanie, the reason this is important is for people to remember when you see, as we did yesterday aft...

Well, we have been keeping a close eye on the dow this morning. it seems to be bouncing back after an ugly 355-point drop this morning. and todays wild ride is coming after a brutal friday, when the market suffered its steepest point drop since the 2008 financial crisis. the white house is weighing in on this, this morning, saying were always concerned when the market loses any value, but were also confident in the economys fundamentals. christine romans here to explain. what is happening, chris...

Hard to push blame for a drop like what were seeing today on to other people. >> shepard: which is the reason given by previous presidents, previous administrations for keeping their noses out of it. >> exactly right. what is interesting, every time the market has gone down the past several years, people looked at it as a buying opportunity. i can jump in now. this is the first time in quite a while that weve seen no one buying on the dip. that dip is a fall. you know, again, you have the warren...

The short term. >> yeah, to maria bartiromos point, you want to wash it out. were going to do it, get it out of the system completely and then you could see another fresh leg higher in the markets. people will say, amazon is a good deal at this price. whatever stock youre interested in. we need to get to that point. what is that point? the market will decide. >> we have now experienced together, if youve been with us and thank you for that valued viewer for 22 years of mine, yes were down 1,597 ...

Broke their money back. they havent been here. now its going to get interesting. there is a bid. >> neil: thank you very much. were following fast develops. waiting for a statement from air force one. a spokesperson said theyre always worried about these developments. at the corner of wall and broad, this is card a very good market. nicole pettalides at the new york stock exchange with more. >> what is interesting now, not only what we saw this afternoon at 3:11 p.m. when we were down 1,600 poin...

What is this. >> miss it today. >> shepard: a good day to sleep in. >> nichole petlize is live at the stock exchange. how did enhandle this? >> youre right. biggest point drop in history. takes your breath away. i sit here every day for my entire life. i watched it. when it crosses that 1,000 point mark and got down to 1,600 points, thats a big move. so i walk around the floor and say what is going on? what do you think is happen something last week nearly a 1,100 point drop. the traders think a...

And harder to deny the impact of this tax plan. it has been very positive. you see companies across the board, 200 plus companies have given out bonuses to employees. when you go from paying almost 40% of your income in taxes to 21%, thats a big deal and why were seeing a good back drop in terms of the fundamentals of the economy now. >> sandra: its working. one area its played out is the stock market it was going up but not last week. a different stock market last week. over a 1,000 point drop ...

One-day point drop ever but not the single biggest percentage drop in the markets. what about all of this? lets bring the panel. guy benson, political editor at townhall.com. mo elleithee, executive director of the georgetown institute of politics and kimberly stressful, member of the editorial board of "the wall street journal." kimberly, your thoughts on this as you look at the big picture of the economy and what happens on a market date likeness that obviously jars a lot of people in the mark...

Perspective, we had a 700 point drop when the first financial bailout bill went down in 2008. but the market was at such a lower level, so this is a smaller percentage wise drop but it is a jolting drop for market participant and i think everyone is looking at this as, won, the end of some of the irrational exuberance the market had been showing and secondly and concern about where the economy is headed, inflation, the potential for overheating. >> so that is really where the conversation have t...