Detailed text transcripts for TV channel - CNN - 20190813:08:48:00
The dow dropped 391 points monday afternoon while the s&p 500 and the nasdaq lost a little over 1% each. the mood not much better around the world calling an escalation between the u.s. and china precarious. morgan stanley warns in a note to its clients that the next round of tariffs has the potential to cut into muscle. president trump said he would put a 10% tariff on another $300 billion of chinese goods. that is expected to go into effect on september 1st. that wave of tariffs would hit iphones, auto parts, tvs and harm consumer demand. despite the president's demands that china pays for t...