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Inflation keep investors on edge. welcome. i m sandra smith in for neil cavuto, this is your world. a down tour in china s housing market sparking worries over there as inflation is a huge concern here. democrats continue to push for massive new spending plans. the dow diving on the news today. down nearly 1,000 points midday. coming back on the final minutes of trading. finishing off down 614 points. we ve got fox team coverage with fox business s lauren simonetti and what is driving the selling. chad pergram on the spending that has inflation fears spiking. we begin with lauren. lauren, what was it about today? the impetus to sell, not the reason, came from china, sandra. they have a major property developer called ever grand and they have debt due that they can t pay. some call it china s lehman brothers bankruptcy. ....
Central bank is an independent institution and it did what it had to do. because the turkish lira lost so much against the dollar the measures had to be taken but also and i think with this increase in interest rates inflation will go down again but i don t know for how long. the central bank won t be able to say that either but the fact that it raised the key interest rate by more than six percent shows that it s prepared to defend itself against price increases and it shows that it won t let everyone influence their decisions you know everyone reacted promptly on friday again accuse the monetary authorities of having no idea everyone fears that the interest rate hike will slow economic growth a development that according to experts is quite probable. this saturday is the anniversary of the lehman brothers bankruptcy. it s been ten years ....
Key interest rate by more than six percent shows that it s prepared to defend itself against price increases and it shows that it won t let everyone influence their decisions bute everyone reacted promptly on friday he again accuse the monetary authorities of having no idea everyone fears that the interest rate hike will slow economic growth a development that according to experts is quite probable. this saturday is the anniversary of the lehman brothers bankruptcy. it s been ten years since the u.s. investment bank collapsed under its own debt burden. one of the almost twenty five thousand employees worldwide who had to pack their bags at the time was luis m. sanchez. to figure out. where is this going to end. it looks like. the end of the world financially and the ....
Side to going after some of these ceos that are now no longer in those positions anymore? i think with the passage of time that raises a lot of questions but certainly there are challenges in the department of justice has said repeatedly they re going to follow the evidence and the evidence in their view was just not there to charge the senior executives but when you look at the private litigation, class action litigation, and even the bankruptcy examiner s report in the lehman brothers bankruptcy, you do see quite a bit of evidence of senior people, at least becoming involved and we don t know at this point what the department of justice has uncovered in terms of interviews or documents, but i think it leaves a lot of people really wondering whether the regulators are being aggressive enough and whether our markets are being honest enough because the successful workings of the financial markets are very important for companies to thrive and to hire people and it affects everybody. j ....
They invested in president obama with a lot of hope. the change in size not the change they want. megyn: what is it me, the hope and the change? that was his campaign title. the hope and the change. let s see what plays out. megyn: seemed rather it was the hope of the change. we would have as many as people as possible to watch and start a conversation. megyn: you are getting brushback. because they say there is a two-minute two minute trailer. in this film, you show events in a way that is not accurate and not for president obama. in particular, the example i read was chief justice john roberts and then you showed the lehman brothers bankruptcy which predated it. we wanted to go back and show that the lehman brothers bankruptcy is what started the financial crisis. then have people talk about that. people look at timothy geithner and president obama as one of the same. ....