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helping the president celebrate his inflation reduction act the same day we learned inflation wasn't reducing, it was soaring. and later than that same day the dow can was careening more than 1200 points. now, some call it bordering on tone deaf. but on the lower left here, no more so than when it concerns the border. never mind more than 2 million migrants that have been pouring in there, from the administration nothing to see here. >> we have a process in place to manage migrants at the border. >> frankly, a dereliction of duty when you are an elected leader to play those kinds of ...

To sum up the global economic climate after a very painful week of trading. the dow plunged more than 530 points on friday. that's the worse loss this year. european exchanges also saw steep drops. markets in the uk, germany and france were each down about 3%. last hour natalie allen spoke with the global market strategist about the impact that china's economy is having on the rest of the world. >> you look at kmcommodity pric are, a few years, they are significantly lower and that's affecting the weakness in chinese demand. but it's also an oversupply issue. . a huge amount of investment into...

That's reflecting the weakness but it's also an oversupply issue. . the last decade had a huge amount of investment into these markets. . that's what's pushing the price down. we can't look at the state of the global economy and think things are falling apart, but you have to deal with the fact that major growth has slowed and has implications for investors. >> let's talk about what investors are affected in different regions of the world. are some countries more vulnerable to china's situation and devaluation? >> absolutely, the devaluation they did was a very small one in the grand scheme of...