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00:00:00
another wave of start selling smashing into U. S. shores Thursday I'm glad we didn't win New York misspelling pressure is so intense that wallstreet is having its worst Borges started the new year Albert the Dow and the nasdaq now down ten percent on the all time high that last year investors in the U. S. and around the world rattled by China's decision to once again weaken the value of its currency and hope stock market trading for the second time this week those moves reigniting concerns Beijing have no idea how to stop the world's second biggest economy weakening and pulling the global economy down with it tech companies with exposure to turn up well among the biggest loser apple's largest customer for smartphones there you get it right now , iPhone alright flying off store shelves pushing the doctor close way below one hundred dollars for the first time since October two thousand fourteen other losers Facebook plunged five percent even though it messenger service grew to more than eight hundred million roughly user another sore spot for the market oil prices sliding two twelve year low even the White House had to take notice of the fear that spreading from China to the U. S. the Obama administration issuing a rare market statement that it has prostitutes are not one orderly transition to a market based exchange rate but patience is required , patience however is running short on Wall Street as launches it bigger every day