4.3 • 1.2K Ratings
🗓️ 5 August 2019
⏱️ 44 minutes
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0:00.0 | Fear gripping Wall Street today as trade tension slammed stocks. |
0:05.0 | The Dow, plunging more than 750 points for one of its worst days of the year. |
0:11.0 | Today's brutal sell-offoff leaving investors on edge. So what should you be doing |
0:16.4 | with your money following a day like today? We have the smartest minds and business here |
0:21.8 | to break it all down. A special addition of |
0:25.3 | fast money starts right now. |
0:28.0 | For life in the NASDAQ market site I'm Melissa Melissa Lear, traders on the desk, Tim Seymour, |
0:33.8 | Brian Kelly, Karen Pryderman, and Guy Dami a Monday market meltdown as Wall Street hands in its |
0:38.7 | worst day of the year the selling. It was widespread. All 11 sectors finishing today deep in the red |
0:43.8 | led lower by technology the cause China that nation effectively weaponizing |
0:48.4 | its currency sending the Yuan lower turning the trade war into what many |
0:51.9 | are considering right now a full-blown |
0:53.7 | currency war we've got full-team coverage of this dramatic turn of events |
0:57.1 | with kick things off with Bob Bissani live on the floor of the New York Stock |
1:00.6 | Exchange hey Bob and Melissa we had a tough day here. |
1:04.0 | I want to give you a sense of what happened last time, China devalued its currency. |
1:09.1 | This was about five years ago in August 2015. |
1:12.0 | The last time China devalued its currency was in August 2015. The last time China devalued its currency was in |
1:14.2 | August 2015 that happened on three consecutive days of devaluations that was |
1:18.8 | beginning on August 11th. The market was very different then back then. It was a different picture for the overall markets. |
1:25.0 | China's currency was appreciating back then and that's a big difference than now. |
1:29.0 | The stock market in China was just roaring. It was up about 40%, the Shanghai composite in the first half of the year |
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