CNN is on live right now with breaking news coverage of the stock market crash

[Politics_Guy25]

Just FYI.

Asian markets in freefall.

[Critters2]

1. I think I'll start worrying now. nt

[nadinbrzezinski]

2. My hair has been on fire for a while

so will see how this goes

[lligrd]

4. Heck, I Expected It, Warned Others, Don't Have Anything Invested And

it is still upsetting to watch.

[tavalon]

42. Of course, if they tank, they will call in their chips

We can't pay.

[pnwmom]

63. You're right to be upset. The effects of this aren't limited to people who

are in the stock market.

A major recession means major job losses. Every working family should be worried.

[MichaelHarris]

79. man o man

my stocks are falling so fast I was thinking of naming my portfolio The George Bush Express.

[bluestateguy]

3. What? What about BIll Ayers?

n t

[Old and In the Way]

5. Surreal.....

this is like a self-fufilling prophecy. You just know that the US markets will react negatively to this news. When the hemorrhaging stops, it's going to be a loooong time before there's a recovery.

[krkaufman]

6. CNN International anchor is *not* making me feel any better

[nadinbrzezinski]

8. Hope they don't get a bank run going

by the way, I fear tomorrow I will have to talk to my congress critters about BANK HOLIDAYS

[thewiseguy]

10. We are fucked

India is down 7.5%
China is down 7%

I suspect trading might be halted in some of those markets,

[Critters2]

12. Trading has been halted in Jakarta, per CNN crawl nt

[thewiseguy]

17. Yes I actually broke that story on DU 3 hours ago

I noticed it as it happened. :-(

[countryjake]

46. Jakarta was down 10.38% before they called a halt to trading...

Nikkei average fell 9.5% in Japan and Toyota is now officially on the skids.

Didn't notice your earlier topic, but thanks for alerting us on it, anyway.

While American politicians shoot the shit with one another, Asia falls.

[krkaufman]

61. "Toyota is now officially on the skids" ???

Toyota, specifically, is on the skids? Why are they being hurt more than others? (Because they're the biggest automaker, or some other aspect?)

[countryjake]

71. Their stock was being dumped, massively, according to CNN...

I can't find anything yet on what they were reporting cause it was only an hour ago that I heard it and now CNN is covering the debate again. But they said something about Toyota having slumping sales in foreign markets (meaning here, probably) and an expected drop of about 40% in Toyota's yearly profits. Bad prices at Nippon Steel was also mentioned, in relation to auto manufacturing. Actually, they made it sound like that was why the Nikkei was falling so sharply.

(edited to add)

Here's a CNN video that speaks briefly about Toyota:
http://edition.cnn.com/video/#/video/world/2008/10/08/lok.lah.nikkei.markets.cnn

And here's a piece from CNBC on it:
http://www.cnbc.com/id/27075096/site/14081545

Japan led the dive, with the Nikkei 225 plunging 9.4 percent to its biggest one-day drop since the 1987 stock market crash. Several factors fuelled the selloff -- mounting fears of a global recession, expectations of a slide in profits at Toyota Motor and a firmer yen. Japanese steelmakers such as Nippon Steel slumped 11 percent amid concerns a global downturn will stifle steel demand. Exporters were dealt a further blow by a firmer yen, with Elpida Memory sinking 12 percent.

That pessimism was reflected in the way investors dumped shares of Toyota Motor. The world's biggest automaker plunged 11 percent, after the Nikkei business daily reported that the automaker was likely to post a 40 percent slide in annual profit, missing its profit estimates on weak sales in the U.S. and slower growth in China.

[krkaufman]

73. Yeah, it's tough to pony-up cash for a Prius when the economy ....

.... is looking this bad.

[countryjake]

74. I just updated my post with what news I could find on Toyota...

check the CNBC link...it says basically the same thing that CNN was reporting.

[krkaufman]

84. Thanks for the heads-up and info. n/t

[snot]

7. any link to where i can watch online?

[Mind_your_head]

13. Do you REALLY want to watch the *car wreck*?

I know how it is......you don't want to watch, but you can't turn away!

[lligrd]

24. Here is One

http://finance.yahoo.com

[snot]

38. thanks!

[tavalon]

45. That's the one I've been watching daily since last Wednesday.

The Asian markets had been relatively okay until tonight. Not that I expected it to stay so.

[lligrd]

49. They Have Fallen For Nearly A Week Now. nt

[tavalon]

54. Yeah, but not this dramatically

Well, the Asian markets anyway. The European markets have been taking a hard beating for a week now.

[lligrd]

57. NIKKEI's Been Going Down Almost Steadily For The Last

5 days.

[Oregone]

9. NIKKEI close to losing 10% in a day

9,203.32 -952.58

This is going to be a bad day

[MercutioATC]

11. Oh, this ain't good...Bloomberg has Dow futures down 181 as of 2:30am EST

Anybody wanna bet on a 9200 close?

[snot]

14. ok, spent 7 min. searching, haven't found any online version. Do i have to turn on my tv?

[nadinbrzezinski]

15. Yes, CNN has broken to CNN International

[SoCalDem]

44. I wish I could choose CNN-I ...ALL THE TIME

US CNN sucks:)

[livelongandprosper]

81. Yeah they are good. I watched them all the time. n/t

[Critters2]

18. Try cnnmoney.com or cnbc nt

[TahitiNut]

26. CNBC is infomercials

:puke:

[Critters2]

41. I meant the website.

http://www.cnbc.com/

[Mojorabbit]

30. try here

http://www.in.com/active18/watchnow/watchvideo.php?id=1626373
This one is better
http://www.channelsurfing.net/watch-cnn.html

[LaPera]

16. It's going to get much worse & now the US won't sell any more gold to it's citizens

for the rest of the year, probably at least until the little monkey who helped cause it all is out of office in January. The big corporate boys don't want us peasants to have any more gold...they want it for themselves, the elite.

[tridim]

19. Shouldn't someone be organizing a world economic summit right now?

[Horse with no Name]

21. Surely you don't expect bush to do it?

After all, it IS Texas/OU weekend coming up.

[nadinbrzezinski]

23. They were talking NEXT week G-8

wanna bet this week?

[anigbrowl]

58. Already in the works, Oct 10-13, IMF meeting of central bankers

Frankly, it's probably better if they meet up first before the politicians get in on the act.

[RUMMYisFROSTED]

86. Central bankers getting together always gives me the warm and fuzzies.

[thewiseguy]

20. Hang Seng just opened after the break. They are down 7%

[TahitiNut]

32. Hang Seng Down 1,152.47 (6.86%) 15,651.at 29 2:41AM ET

:shrug:

[doublethink]

22. Dow Futures down 148 at the moment ....

geesh ..... don't wake me in the morning when the market opens.

http://www.bloomberg.com/markets/stocks/futures.html

note: but then again the Dow has been predicted to get down to between 7700 and 8000 when this hits bottom. And I hope that is bottom. Peace.

[Mojambo]

25. Kinda feels like the "It" day is approaching... n/t

[tridim]

27. On a lighter note, the crazy brit reporter is quite entertaining to listen to.

He's a real goofball.

[nadinbrzezinski]

28. I had the pleasure of listening to him during the run up to war

he is not fun after a week, trust me on this...

[lligrd]

29. Yep, "I Don't Mean To Laugh"

but I am still getting paid.

[doublethink]

31. Monty Python comes to mind. n.t.

[TahitiNut]

37. He's certainly a candidate for the Ministry of Silly Walks.

:rofl:

[doublethink]

39. Yep .....

http://www.youtube.com/watch?v=IqhlQfXUk7w

[SoCalDem]

43. He's a "quirky" guy, but I've always liked Richard Qwest

CNN's Quest (Allegedly) Gets the Meth Out
http://www.tmz.com/2008/04/18/cnns-quest-allegedly-gets-the-meth-out/5
Posted Apr 18th 2008 5:53PM by TMZ Staff

CNN's Richard Quest arrested todayCNN International's business travel specialist, Richard Quest, was arrested early this morning and booked on a misdemeanor charge of drug possession after police found him wandering around Central Park at the Kevin Spacey ungodly hour of 3:40am - way past the park's curfew.

UPDATE: According to some kinky reports, Quest also had a rope around his neck that was tied to his genitals -- and a sex toy in his shoe. How Dita Von Teese of him!

Police were escorting Quest out of the park when he voluntarily told them, "I have meth in my pocket." He was then searched and indeed, was holding a small amount of methamphetamine in a Ziploc bag.

CNN had no immediate comment.

UPDATE: Quest was arraigned this afternoon in Manhattan's Criminal Court. Judge Anthony Ferrara told the reporter that if he attends counseling and therapy for the next six months that his case will be dismissed, but warned that if he failed to do so, he would be back in court and on his way to jail.

[Hannah Bell]

52. "business travel specialist" lol.

[JI7]

33. when did Richard Quest get back ?

i remember he kind of went away after the arrest in the park. or was that just from CNN an America. he is still doing international ?

[thewiseguy]

34. India is now down more than 8 percent

[TahitiNut]

35. Gotta just LOVE that laissez faire financial system!

We're not even talking about the "economy" per se (even though it'll become the same). It's the parasitology of the financial systems.

[doublethink]

36. Okay now Dow Futures down 211 ......

wow I may not get to sleep tonight .... just wow.

http://www.bloomberg.com/markets/stocks/futures.html

[tavalon]

48. Sleep

Your sleeplessness will not keep this at bay. Tomorrow, buy a large sack of rice and a couple of bags of beans.

[doublethink]

50. Best advice tonight ..... okay .....

;)

[tavalon]

53. I'd like to say I was being pithy

but I wasn't. I have a fifty lb. sack of rice and a number of large bags of beans. Just in case. I'm staying up tonight but I'm a nightshifter, so I'll be happy (wrong word) to watch over the crash for you.

[progressoid]

40. Asia - Pacific Stocks down 9.3%

[KeepItReal]

47. I vote they don't go back to regular CNN. EVER. I'd actually watch CNN International

CNNi shows this company can do news right - they just choose not to, here in the 'States.

[anigbrowl]

59. I know, it's so much nicer than a Lou Dobss or Larry King show, despite the bad news

I miss the UK tv channels :-/

[krkaufman]

62. Yeah, I wish they'd replace CNN Headline News w/ CNN International.

But then I'm sure they'd kill the CNNi programming.

[magdalena]

76. I wish.

All I had in Thailand was BBC Asia and CNNi, I miss them both so much.

[tavalon]

51. European stocks aren't looking too spiffy either

I thought these things always happened on Monday or Thursday. I don't actually know why I thought that, but I did.

[lligrd]

55. I Thought It Was Tuesday But Looks Like We Have Almost

all of them covered now.

[Tigress DEM]

56. All the rich people taking their money and bailing out.

IF a DEM is going to be elected US PRES and we can't BUY our way in, we're just going to take our money and run.

[LiberalHeart]

60. Very scary. What's Plan B for retirees?

[nadinbrzezinski]

64. Those are the people I worry about right now

[lligrd]

65. Vote For Obama And Hope He Has FDR Smarts nt

[LSdemocrat]

66. And bust your butt for the downticket progressive foot soldiers he'll need for real change

[Virginia Dare]

83. Obama will not insulate himself, he'll call in the cavalry...

he's not going to let this country sink into the abyss.

[JHB]

90. What's Plan B for retirees? The Army.

Join it or face it.


"The 3rd Infantry Division’s 1st Brigade Combat Team has spent 35 of the last 60 months in Iraq patrolling in full battle rattle, helping restore essential services and escorting supply convoys.

Now they’re training for the same mission — with a twist — at home.
*********
The 1st BCT’s soldiers also will learn how to use “the first ever nonlethal package that the Army has fielded,” 1st BCT commander Col. Roger Cloutier said, referring to crowd and traffic control equipment and nonlethal weapons designed to subdue unruly or dangerous individuals without killing them."
http://www.armytimes.com/news/2008/09/army_homeland_090708w/

[Parker CA]

67. DOW futures are down 305 right now. Bumpy morning coming up. n/t

[doublethink]

68. Wow ...... Dow Futures now down 347 !!!

OMG ..... tomorrow will be .... :nuke: on wall street. Goodnight y'all .... geesh .....

http://www.bloomberg.com/markets/stocks/futures.html

[Bluebear]

69. "Thank God it passed!"

:crazy:

[Liberal_in_LA]

70. lol

[Horse with no Name]

78. You know BB

I have been scarce around here lately. I was let known in no uncertain terms that many here didn't want "my kind".
However, I dived in a couple of threads and apparently they were flooded by the armchair analysts who supported this "bailout"...and even saw someone called a "republican" because they opposed the "bailout".
It was actually refreshing to dip into the "TGIP" by "OMC" to see that I wasn't alone in thinking that piece of shit they passed was not beneficial to "we the people".
:thumbsup: for the reference.

[countryjake]

80. Even worse...

wait til you're hit with "utopian religion of the loony left". The condescension and accusations have me re-thinking lots of sympathetic stumping I'd been doing for what seems like months now..electoral politics shows its true colors when faced with major threats to the hand that feeds it. A lesson I learned long ago.

[OPERATIONMINDCRIME]

87. It Was A Necessary Move That Had To Be Done. Still Is.

Every time someone else points to immediate day's drops as evidence the bailout was unnecessary, it makes them look monumentally ignorant to those who know better.

And just remember that with each mockery you make, you are issuing the same mockery to Barbara Boxer, John Kerry, Hillary Clinton, Obama, Dodd, Biden and many other fine Democratic Senators who I can assure you breathed a sigh of relief of "Thank God it passed" afterwards.

[JCMach1]

72. Asian markets down 6-9% more this morning + Europe is now open to the same tune

6-10% across the board.

[magdalena]

77. Europe up to around 3-5% now, but still not looking good.

England also implementing 85b bank bailout I just heard on CNBC. We are trend-setters. Bailouts are the new black.

[Lucian]

75. Yep, the bailout is really working.

:eyes:

[Stuart G]

82. The world isn't going to hell....Eurpean markets not in free fall...nt

[ensho]

85. we should have stopped the 2000 coup d'etat

nt

[goforit]

88. BADA bing!!!!

[lovuian]

89. If Gore would have been President

think about what today would be like

[bdamomma]

91. no should of's can help us now.

but we can hold those who did this to this country accountable.