Fear Trade News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Oil jumps with ‘fear trade’ after Hamas attack, big banks set to kick off third-quarter earnings season, and other news to start the day.

Peloton got an upgrade from BMO. JPMorgan also upgraded this airline stock.

But now, look, it's cut those losses in half. i think this is encouraging. you've had 500 points of loss for the dow this week alone. that's horrible. that's retched. another 150 points right now. but it was much worse. >> it's not good but it could be much worse. as you look at the dow 30, some bright spots. >> some are turning higher. i think this is showing you it's not just indiscriminate selling across the boards. that's what we saw 12 hours ago around the world. a fear trade, john. buying gold, buying bonds, selling stocks, risk-off, they call, it the market pros call, it because they're...

Peace. they like to see profits growing and economic growth. in the beginning of the year all of those things are thrown into question. north korea the most recent example. so dow jones down sharply. and the s&p 500. the stocks in your portfolio likely resemble those. and these are milestone kind of numbers to start a new year. you also have slowing china growth. the catalyst at the beginning of the year a couple of days ago and rising interest rates in the u.s. so these three kind of fear factors driving the markets. scaredy cat investing as i call it, buying gold, the dollars up. a fear trad...

Night and that capitulated into what we're seeing so far this morning. european markets will close at 11:30. asian markets are already closed. sometimes we can see things level off after that point when we're not being fueled from someone else overseas. right now, a fear trade happening now. >> it was 2008 when we had the previous largest drop in one day. that was 777 points. we're now down almost 1,000. courtney, stay with me. i want to also bring in gordon chang, forbes magazine. gordon, talk to me about the china effect, because last week they announced a correction, right, and a devaluatio...