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That's why you have the reaction from the british prime minister yesterday, from the mayor, from the senior police officer in london saying, wait a minute, this is a concern. >> go ahead. >> the broader issue, though, people in the middle east or around the world don't make the distinction between a person who's trying to be a candidate for a party and the broader notion of what american political society is thinking. they aren't necessarily able to say this man is being condemned by everybody else. he's dominating the narrative as incorrection as he is. still, that flavor permeates much of th...

Chinese stock market, the chinese economy, to oil prices in the united states. and now some beginnings to see some concerns about corporate earnings, as well. i'm joined by poppy harlow who covers business for cnn and anchors on the weekends. what we're seeing right now, just an awful day, eddie. >> it's a blood bath. wall street is also a dance between fear and greed, john. right now we're seeing a lot of fear. you mentioned china and oil, you mentioned corporate earnings a little soft and everyone is heading for the exits. it's a friday. >> you've got really low volume of trading, which mean...

You know, we are about time -- it's about time that we have a correction. we've had a very but the time -- you want to make considered decisions. if you're an individual investor, you don't want to be jumping in there in day trading. you want to make considered decisions about your own portfolio, whether you want to hang on for a sustained period of time. these are all decisions to be made calmly. >> i think a really important thing to remember here, 50% of americans have no exposure to the stock market, none, not even there a 401(k). when you're looking at candidates, how do they talk to peop...

So you have those two things going on. plus, lots of question marks about what the fed will do if the face of this new market reality which is a lot more volatility than just a couple of months ago, poppy. >> the fed has a dual mandate. inflation around 2% and unemployment. it's hard to believe that the fed is not going to consider a huge selloff day by day by day here, rather considering whether hike rates in september, wait until december, when do we do that? >> that's right. the fed official came out earlier today in an attempt to calm everybody down and said, look, we don't pay attention t...

Market as much of it is as the reverse psychology. >> we've been seeing the selloff of the chinese markets. >> because the chinese market is relatively small and to the chinese economy it's relatively unimportant and they have been suspending shares, doing everything to us in the western market. however, there are about 12,000 trading days since the last correction. >> 10%? >> 10%. you're overdue a correction but markets don't just collapse on an average friday in august for no apparent reason. >> also important to note here, for the first time since 2009, oil falling below $40 a barrel. some ...