The Presidential Daily Brief

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  1. Wall Street

    Market Plummets Over Oil Drop, China Crisis  

    The Dow Jones plunged 531 points yesterday — its biggest drop since 2011 — punctuating a week in which it fell 10.1 percent. The immediate blame was pinned on oil, which hit a 6-year low of $40 per barrel. But global markets have also been feeling the heat from China’s recent free-fall and the Fed’s possible interest rate hike. The S&P 500 fell across all 10 sectors, especially tech and energy, leaving many to wonder whether this is a pause in the six-year bull market, or the shape of things to come.

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