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The Lead with Jake Tapper

Dow closes down 1,200+ points

The Lead with Jake Tapper

CNN

News

3.51.7K Ratings

🗓️ 13 September 2022

⏱️ 82 minutes

🧾️ Download transcript

Summary

Stocks tumble as the Dow drops more than 1,000 points prompting fears the Federal Reserve will raise interest rates more aggressively. Plus, a Twitter whistleblower warns of security threats within the social network. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

The Dow, down today, more than 1,000 points what's going on, the lead starts right now.

0:09.4

Stocks tumble.

0:11.0

As Americans lose money in their investments, should you really just ignore today's

0:14.5

drop or something more serious going on?

0:16.8

Plus, Russians on the run only CNN makes it inside a city that Putin's Army controlled

0:21.8

just days ago.

0:22.8

See what they left behind.

0:24.8

After Ukrainians pushed them out, plus, a Twitter whistleblower added again warning of

0:29.4

security threats within the social media network and that Twitter employed a Chinese government

0:35.6

spy.

0:43.0

Welcome to the lead on Jake Tapper.

0:44.3

We start with breaking news in the money lead one of the worst days of the year for investors.

0:49.5

Stocks taking a remarkable tumble, the Dow closing down more than 1,200 points on the

0:55.7

heels of today's inflation report.

0:58.4

You hear the bell there, the closing bell, fears of a recession in the air.

1:02.4

Let's get right to seeing a business correspondent, Rahal Solomon in New York, Rahal.

1:06.0

How bad and how serious is this damage?

1:09.3

Pretty serious and it was bad and only got worse throughout the day as losses accelerated.

1:14.3

To put this in perspective, Jake, this was the worst day for the Dow, since June of 2020.

1:19.6

So this was a historically bad day.

1:22.2

As investors die just at this morning's inflation report, I want to take you to the Dow closing

1:26.4

lower by about 4% of the S&P 4.3% in the Nasak, about 5.2% let's call it.

...

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