KYW CBS Morning News June 22, 2024
Shaping up to be another bruising day. U. S. Stock futures hit a sixmonth low this morning. Wall street had its worst performance in 18 months thursday driven in part by a dramatic drop in the chinese stockmarket. A report founds chinas factory activity fell at its fastest pace in more than six years. After the devaluation of the chinese currency, there is worry that the slowdown in chinese economy could cause a slowdown. Thursday all indicators were down. The dow lost 358 points, the s p fell 43 points. The nasdaq dropped 141 points. Asian markets tumbled fall follow wall streets selloff. The...