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Thats why you have the reaction from the british prime minister yesterday, from the mayor, from the senior police officer in london saying, wait a minute, this is a concern. >> go ahead. >> the broader issue, though, people in the middle east or around the world dont make the distinction between a person whos trying to be a candidate for a party and the broader notion of what american political society is thinking. they arent necessarily able to say this man is being condemned by everybody else....

Chinese stock market, the chinese economy, to oil prices in the united states. and now some beginnings to see some concerns about corporate earnings, as well. im joined by poppy harlow who covers business for cnn and anchors on the weekends. what were seeing right now, just an awful day, eddie. >> its a blood bath. wall street is also a dance between fear and greed, john. right now were seeing a lot of fear. you mentioned china and oil, you mentioned corporate earnings a little soft and everyone...

You know, we are about time -- its about time that we have a correction. weve had a very but the time -- you want to make considered decisions. if youre an individual investor, you dont want to be jumping in there in day trading. you want to make considered decisions about your own portfolio, whether you want to hang on for a sustained period of time. these are all decisions to be made calmly. >> i think a really important thing to remember here, 50% of americans have no exposure to the stock ma...

So you have those two things going on. plus, lots of question marks about what the fed will do if the face of this new market reality which is a lot more volatility than just a couple of months ago, poppy. >> the fed has a dual mandate. inflation around 2% and unemployment. its hard to believe that the fed is not going to consider a huge selloff day by day by day here, rather considering whether hike rates in september, wait until december, when do we do that? >> thats right. the fed official ca...

Market as much of it is as the reverse psychology. >> weve been seeing the selloff of the chinese markets. >> because the chinese market is relatively small and to the chinese economy its relatively unimportant and they have been suspending shares, doing everything to us in the western market. however, there are about 12,000 trading days since the last correction. >> 10%? >> 10%. youre overdue a correction but markets dont just collapse on an average friday in august for no apparent reason. >> a...

I want to welcome back our viewers here in the united states and around the world as we are 20 minutes from the close of trading on wall street and its been an absolute blood bath. the dow is down 463 points and the selloff accelerating into the close. we have full team coverage. lets go first to cristi cristina alesci live from the new york stock exchange. what is going on? >> weve officially hit the point that we can call this a correction. well have to see where we close. technically to call ...