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Broke their money back. they haven't been here. now it's going to get interesting. there is a bid. >> neil: thank you very much. we're following fast develops. waiting for a statement from air force one. a spokesperson said they're always worried about these developments. at the corner of wall and broad, this is card a very good market. nicole pettalides at the new york stock exchange with more. >> what is interesting now, not only what we saw this afternoon at 3:11 p.m. when we were down 1,600 points, the biggest point drop in history today is what we made. what the traders are watching right...

What is this. >> miss it today. >> shepard: a good day to sleep in. >> nichole petlize is live at the stock exchange. how did enhandle this? >> you're right. biggest point drop in history. takes your breath away. i sit here every day for my entire life. i watched it. when it crosses that 1,000 point mark and got down to 1,600 points, that's a big move. so i walk around the floor and say what is going on? what do you think is happen something last week nearly a 1,100 point drop. the traders think a couple things. one trader said, nicole, it's not three days of selling. how about we've been up f...

And harder to deny the impact of this tax plan. it has been very positive. you see companies across the board, 200 plus companies have given out bonuses to employees. when you go from paying almost 40% of your income in taxes to 21%, that's a big deal and why we're seeing a good back drop in terms of the fundamentals of the economy now. >> sandra: it's working. one area it's played out is the stock market it was going up but not last week. a different stock market last week. over a 1,000 point drop in the week for the dow. friday was a little scary for some. they saw the 665-point loss just in...

One-day point drop ever but not the single biggest percentage drop in the markets. what about all of this? let's bring the panel. guy benson, political editor at townhall.com. mo elleithee, executive director of the georgetown institute of politics and kimberly stressful, member of the editorial board of "the wall street journal." kimberly, your thoughts on this as you look at the big picture of the economy and what happens on a market date likeness that obviously jars a lot of people in the markets. >> i think the important thing to remember is that the economy has not materially changed from...

Perspective, we had a 700 point drop when the first financial bailout bill went down in 2008. but the market was at such a lower level, so this is a smaller percentage wise drop but it is a jolting drop for market participant and i think everyone is looking at this as, won, the end of some of the irrational exuberance the market had been showing and secondly and concern about where the economy is headed, inflation, the potential for overheating. >> so that is really where the conversation have to go. because we could talk about markets for a long time and we're now 1100 points lower, almost 4....