CNN Newsroom

 

Your money, your jobs, our focus this hour! Is the bloodletting출혈 letting up약해지다 on Wall Street? And that jaw dropping AIG loss. What could 62 billion bucks buy you? Where is the work and who is hiring? Your Uncle Sam will tell you how to get in touch! And sports attack! 6 people killed, 8 wounded in a Pakistan ambush! It is Tuesday March 3^rd, hi everybody, I am Heidi Collins, you are in the CNN newsroom.

 

NBC Special Edition from Wall Street

 

Getting worse, worse and worse

 

Good morning, slipped sliding away! The Dow falls to its lowest level in nearly 12 years,

below the 7000 mark. The financial outlook예측 so bleak처절한! There are new fears we could go from recession경기후퇴 불경기 to deflation.

 

This morning, we are live at the New York Stock Exchange with the very latest! From NBC news, this is a special edition of TODAY with MATT LAUER, live on the floor of the New York Stock Exchange and Maridith Vierira, Live from Studio 1A.

 

And welcome to TODAY on this Tuesday morning, inside Studio 1A. I’m Maridith Viera, MATT LAUER on the floor of the NEW YORK STOCK EXCHANGE! Matt, good morning! On the floor, the Exchange this morning, the DOW will open at 6763. Let me say that again. 6763! It hasn’t been that low since April 25^th of 1997.

 

It’s scary, scary stuff, especially when you consider that only 17 months ago, we were talking

about an all-time high최고기록, above 14,000. Let me just give you couple of other statics 통계 that are gonna make your head spin어지럽게하다.  It took only 14 trading session for the Dow to fall from 8000 to less than 7000. And a third of people polled recently say they feel this market will go below 6000 in a not too distant future.

 

The Dow closing below 7000 for the first time in over a decade, losing more than half its value since its all time high in October 2007. Investors continued to watch the losses pile up. The S&P 500, one of the broadest measures of stocks sinking to levels not seen since 1996. So how did we get here? In the past 12 years, the market has fluctuated 일진일퇴하다 in response to the dotcom boom. The 911 attacks, the War in Iraq, the housing bubble, and most recently the domino affect caused by banks, bailouts and unemployment.

 

Now investors are bracing for 대비하다 new job numbers on Friday… expected to show that the economy loss more than 600,000 jobs in February alone, pushing the total number of unemployed to nearly 5 million. Without a job, Americans can’t shop, buy cars or perhaps even pay their mortgage, making the health of the US economy even more dire긴박한. This was the worst open to a March ever. The next closest was 1931

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