And that bell marks the end of regulation credit court.

We're in the closing bell at the New York Stock Exchange, Webtoon, doing the honors at the

NASDAQ as New York Comic-Con gets going this week.

A different kind of October surprise.

A big sell-off in stocks today after President Trump said he was considering a massive increase

in tariffs on Chinese products, all three major averages closing just about at the lows

for the day.

First move more than 1%

in the S&P 533 sessions. First 3% loss for the NASDAQ since April. And the Dow's lower for the

fifth straight day. It's worst day since the middle of May. Stocks with China exposure, the biggest

drags on the index, Amazon, Nike, Apple, and Nvidia, tech, the worst performing sector, chips a big culprit.

Big losses for synopsis, super micro, terodyne, those are among the worst performers.

Retail also getting hurt.

There were already some worries about the consumer.

Now throw tariffs on top of it, and big losses for names like Best Buy, Five Below, and Estee Lauder.

We got much more on retail coming up in overtime and the areas people are looking to for safety.

The metals worked. Gold still above 4,000. Crypto, not as much. Bitcoin down 4%. Ether down 8% today.

Well, that's the scorecard on Wall Street. Welcome to closing bell over time. I'm Morgan Brennan, along with John Fort. Throughout the next hour, we are going to be breaking down today's sell-off from every angle. We're going to be looking ahead to what all of this means for the life of this rally. But let's start with the news of the day. The president threatening massive tariffs on China.

Amen Jabbers is at the White House with the details. Amen.

Hey there, Morgan. Well, look, I mean, even though we just opened the show with our big red bear 3D graphic,

I mean, I want to give you sort of the bullish analysis of this as we're now five hours since the president tweeted.

He posted this social media post

...