FIRST AIRED: May 23, 2017

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Transcript

00:00:00
there was oe for the record books a uheard of eleve hudred poit pluge at the begiig of the tradig day for the Dow a valiat attempt to wi back all those losses failed i the ed markig oe of the most volatile days i history with major idustry sufferig the biggest oe day deep dow i four years I'm Reuters reporter cogregatios i New York there are a umber of reasos forget for the markets fuk ad they are all tied together Chia is the world's secod biggest ecoomy ad o oe seems to kow just how weak their ecoomy is ad o oe seems to kow what the ext egie of ecoomic growth is goig to be ad without a catalyst for ecoomic growth the the thikig is stock prices are too high you'll start harassig ad te percet drop or correctio i four years util ow Reuters ecoomics ad market editor Da Ber , ad I expect us to make a correctio we ca see more dowside will we get all the way to twety percet mark a ew bear market for the first time sice the crisis , ot closure ad there's oe more reaso to better the losig faith i the world cetral baks Chia has ot bee able to stop the massive bleedig i its stock market which every attempt sparkig more sellig while that's goig to reserve seems hell bet o raisig rates at the global ecoomy limps alog , there's a growig fear ad that this global stock market route chose twety kilometer crisis , cetral bak wo't have what it takes to save the day like they did terms of fiacial crisis