The Peter Ships Show.

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When they rang the opening bell on Friday, a lot of people on Wall Street were hoping

that the Dow Jones was going to break a three week losing streak.

But it didn't turn out that way because when they rang the closing bell, the Dow had

plunged 981 points more than wiping out all of the gains from the first four days

of the week.

In fact, in the closing minute, the Dow hit its intraday low of down 1,019 points.

Now the catalyst for the sell-off and it really began yesterday.

It was a two day decline.

And it followed comments made by Fed Chair Powell that he made during a roundtable discussion

at the IMF.

He was at this table with four other prominent women in central banking, including ECB President

Christine Lagarde.

Now most of the other people on the panel seem to be the most concerned about climate change.

But Powell kept his comments focused on the economy, on inflation.

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