FIRST AIRED: October 11, 2018

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COMING UP:Share Opener Variant 3

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Transcript

00:00:00
>> Wall Street is getting little relief Thursday, opening lower a day after the U.S. experienced the biggest stock sell off in months. The sharp drop triggered a surge of selling around the world. European stocks hit their lowest in more than 18 months, and in Asia, China's main index plunged more than 5%, while Japan's Nikkei tumbled too.
00:00:24
Reuters Breakingviews columnist, Pete Sweeney.>> This has building for a long time. There's been a lot of money printing. There's been a lot of central banks pushing liquidity in the system, and it's caused this unprecedented historical rally, generally, in asset prices. Now, that's all getting thrown into doubt.
00:00:41
The future of the global trading system is in doubt. The relationship between the two world's largest economies is in question, and it's very tense. And I think, personal opinion, investors were kind of looking for a reason to sell, and now they seem to have found it.>> President Trump pointed the finger at the Federal Reserve on Wednesday, grumbling about it raising interest rates.
00:01:01
>> I think the Fed has gone crazy.>> Taking a cue from the previous day, Wall Street saw a second day of selling Thursday, with companies like Pfizer and McDonald's leading the pack.