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Definitely the sharpest selloff since the Market Correction in august of last year. A lot of it has to do with the steep selloff in china over night and we had tensions ratcheting up in saudi arabia. We have had a little bit of a recovery. Off the lows of the session. A look at my bloomberg terminal. We have volume increasing over the past several months. Financial volume up considerably. Volume up about 58 and not necessarily a good sign if you see a lot of volume on a down day. Big cap tech following today. Google and facebook were falling last year. Amazon and netflix were the two top perfo...

Take one. Arthur my name is Arthur Laffer. I am an economist. I live in nashville, tennessee. And we are here in washington, d. C. At the w hotel. Arthur i was in the omb. I was the chief economist at the omb then. And id found my friends up there in the omb really boring. So, i always came down and hung out with the oao people. Bill bradley was in that group, and Christine Todd whitman, and jim leach they were interns, as i recall. Arthur yeah, interns. It was just a fun group of people. Don art laffer, dick cheney, and i would have dinner from time to time, or lunch from time to time, or jus...

Take one. Y name is Arthur Laffer of thehe chief economist omb. I am an economist. I live in nashville, tennessee. And we are here in washington, d. C. At the w hotel. Arthur i was in the omb. I was the chief economist at the omb then. And id found my friends up there in the omb really boring. So, i always came down and hung out with the oao people. Bill bradley was in that group, and Christine Todd whitman, and jim leach they were interns, as i recall. Arthur yeah, interns. It was just a fun group of people. Don art laffer, dick cheney, and i would have dinner from time to time, or lunch from...

Gap between chinas onshore and offshore currency has widened to a record after they cut again rates for a seventh straight day. The offshore saying thats going to a fiveyear low. That is the weakest level since april 2011. Lets take look at the markets. Closed for the lunch break, here is how they were trading in the morning session. The hang seng down close to 1 . Afternoon they say this is the picture in singapore, tokyo, red. Ubai all seeing some north korea confirming this nuclear test. Emily im emily chang and this is bloomberg west. Coming up, we will look at the big news coming out of t...

I found my friends in the omb really boring so, i always came down and hung out with the oao people. Bill bradley was in that group, and Christine Todd whitman, and jim leach they were interns, as i recall. Arthur yeah, interns. It was just a fun group of people. Don art laffer, dick cheney, and i would have dinner from time to time, or lunch from time to time, or just have meetings in the white house from time to time. Dick in 1974, we came to the Hotel Washington to the two continents restaurant. Thats where we sat down and talked about tax policy. And art drew the laffer curve. Arthur i inv...