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Almost two on the sidelines. we missed out 90%, the thought they are going to stop that market from falling. i don't believe that yet. these markets will come back. mark twain used to say, is it going to stop raining? mark twain says it always does. stocks will not stay down. the problem is you can lose a lot on paper while you are waiting for that bottom. >> greta: thank you. donald trump says we have one hell of a problem. dow down more than 634, nasdaq down 175, s&p 500, now nervous should we be? didn't the whole world has jitters especially in the united states. dow going down 634 points j...

Far. looking at the futures for the dow, the dow which closed down 5.5% in the 634 points yesterday, the dow is down again at start of trading, at the morning, .6 of 1% lower. it was down triple digits at one point. improving from the lower levels. >> so much of what's happening on wall street in the united states is tied to what's going on in europe. someone put it to me this way, that the countries are like our banks in 2008. in need of bailouts. is there even a european mechanism that could pull off something like that to bail out entire countries at a time? >> yeah. i mean that is the ques...

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For a third straight day. latest details moments away. "fox & friends" up early on this tuesday starts now. >> hey, this is boone pickens. you're watching "fox & friends." great show. watch it every morning. >> thank you very much for that endorsement and good morning, folks. we are up 5:00 a.m. eastern here in new york city. good morning to you, eric. >> good morning, steve dooszy. i got to tell you last night, i was here until 11:00 watching the markets. it's something very scary going on. around 10:00, the markets were down 100 points. it looks like there was no bottom at sight. we went 350...

Reassuring the nation, starts to pack his survival kit after yesterday's selloff. the late-night reaction to the economic mess a bit later in the show. but first, let's get to the news live at 5:30 a.m. in new york city. from asia to europe to here in the united states, standard and poor's historic downgrade of the nation's credit rating is having a ripple effect on the world's financial markets. although that's only a part of this story. the front page of the "wall street journal" reads, downgrade ignite a global selloff. stocks resume free fall on fear over economic and credit woes. when t...