Page 25 - Matt Eagan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

All right, take a look at the market here. a lot of focus on market this morning. the dow rebounding in the first hour of trading after a significant decline yesterday. the biggest daily decline in nine months. resurgence of covid has sent st stocks tumbling yesterday and investors are worried what that means for the economic recovery, this is a big chunk of the market drop yesterday. now going back in the other direction. matt eagan joins now live. is there a sense on folks that you speak to that the market overshot this a bit yesterday. >> reporter: the mood on wall street is definitely a lo...

Like that, but it may not be as strong as people had hoped. >> on the flip side there is concern about rising inflation and therefore interest rates but if bond prices are going up and yields are going down and that is a lower interest rate future, does it not. >> that is right. there is a bit of a disconnect even because even though it is on the rise we voont sen it play out in the treasury market and to your point though, to whatever except that the delta variant actually slows down the recovery, that would ease those inflation concerns. >> there you go. always good to have explain it. matt ...

White house about rising consumer prices. the president did stress that they are vigilant while they take this -- they are taking this seriously. he said he met with the chairman of the federal reserve and said listen, the fed is independent, and he said the fed should do whatever it takes to keep this economic recovery going. >> matt, thank you very much for your reporting. as always. a quick programming note. president biden will join don lemon for an exclusive cnn presidential town hall. that's live wednesday night at 8:00 eastern right here on cnn. there is uncertainty and confusion af...

It only takes a few seconds, and it won't affect your credit score. finally! a totally different way to finance your ride. only from carvana. the new way to buy a car. minutes ago president widen tried to calm fears on the economy. it doesn't look like wall street is listening. the dow is down more than 834 points, and you can see it's ticking lower. an ugly day as investors worry about the impact of rising covid-19 cases. matt eagan is tracking the developments in fact what's happening here? >> this is all about the delta variant. the worry and i want to stress

To take time on the senate floor even after an agreement is reached so i don't think wednesday is a magic day that we can't go beyond. i think senator schumer recognized if we don't have deadlines, we're not going to get things done. >> understood. senator ben carden, good to have you on the program. >> thanks, jim. well be sure to watch president biden joining don lemon for an exclusive cnn presidential town hall, airs live on wednesday at 8:00 p.m. eastern only on cnn. we have breaking news to the dow jones industrial average, watching down sharpry there morning close to 800 points. matt...