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U.s./china trade war caused a huge selloff on monday. looks like we're trying to take it back. the dow closed down 767 points. the worst day of the year. the s&p 500 closed 3% lower. the nasdaq, wow, down 3.5%, the biggest decline since october. trade tension hitting tech stocks hard. apple down 5%. chip stocks have a big presence in china, all of those suffered. some important perspective here, we like to take the long view. joining us is will ripley. the president famously said, trade war is easy to win. this does not look easy. i don't see the off ramp here. >> i think there are a lot of pe...

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>> neil: been covering market follow-up today. fox business. we are calling her back tomorrow. she's back with us. the new york stock exchange, they are a little anxious now going into tomorrow. >> they are. after that sell-off today on the dow, 767 points as a result of china's punch back to the united states, devaluing its currency. traders are telling me they are bracing for more volatility. it's expected throughout the month of august. particularly quiet, neil as you know. as a matter of fact, the markets are pricing in 100% chance of a right to cut. they think the fed is going to be the b...

Dr. scholl's. born to move. we really pride ourselves on making it easy for you >> tech: at safelite autoglass, to get your windshield fixed. with safelite, you can see exactly when we'll be there. saving you time for what you love most. >> kids: whoa! >> kids vo: ♪ safelite repair, safelite replace ♪ ♪ >> martha: a down day for the dow. 900 points, closing down 767 points. the worst day of the year in the u.s. market, much of it fueled by fears of a tariff war with china and what president trump is calling historic currency manipulation. here now, fox business correspondent susan lee wh...

>> shannon: the u.s. treasury department has officially designated china as a currency manipulator. china devalued to its lowest point in more than a decade. that sent stocks tumbling making it the worst day in 2019 for the market. almost a thousand points before finishing up 767, the s&p 500 fell 87 and nasdaq lost 278. let's get some analysis now. >> china is labeled as a currency manipulator and that comes from the u.s. treasury, they haven't done that and a quarter of a century, 25 years. 1994 and under this process the two countries have a year to negotiate a shared solution before the u....