Markets Close After Worst Open Since March 2020

The Lead with Jake Tapper

CNN

News

3.5 • 1.7K Ratings

🗓️ 6 August 2024

⏱️ 81 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Dow opened more than a thousand points lower after Friday’s unexpected jump in unemployment. The market is fueling fears of a recession while some economists say some investors are overreacting and that the economy is fine. Plus, Kamala Harris’ search for a running mate is now in its final hours. We take a look at the final contenders. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:22.1	4 slash Spotify reward until 17th of September 2024.
0:25.8	18 plus, T's and C's apply.
0:27.4	Exchange fees and fair usage limits apply.
0:32.3	This is CNN breaking news.
0:35.0	And welcome to the lead.
0:36.0	I'm Jake Tapper.
0:36.7	It's a busy news day with multiple breaking stories.
0:39.8	We're just moments away from the closing bell
0:42.2	on Wall Street after this morning saw the highest
0:44.4	level of market volatility since the beginning of COVID more than four years ago, March 2020.
0:50.8	The Dow opened more than a thousand points lower in reaction to Fridays, unexpected ugly
0:55.9	jump in the unemployment rates in the United States.
0:58.2	This is raising fears of a recession, though some analysts underline that they think the economies find and investors are overreacting.
1:05.2	Either way, at all looms large over the 2024 election at this pivotal moment when Vice President
1:11.4	Kamala Harris is expected to announce her running mate.
1:15.7	Imminently, Harris spent the weekend interviewing three final contenders, Pennsylvania
	...

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