'Whoa, look at that!' CNN expert staggered as he watches stocks plunge in real-time
The financial markets are reacting poorly to President Donald Trump's weekend imposition of stiff trade tariffs against Canada, Mexico and China — and a CNN expert was left dumbfounded as he watched it unfold live.
The Dow Jones, NASDAQ, and S&P 500 all opened down on Monday, and continued to plummet following Trump's sweeping tariffs that most experts agree have started a trade war with at least two firm U.S. allies.
"This makes perfect sense!" CNN's Richard Quest said of the dismal markets. "If you think of the sheer vast swathes, hundreds of billions of dollars worth of goods being on both sides that are going to be hit, this makes perfect sense because, what is a stock price? The stock price is a barometer of a company's current and future earnings. They will go down." ...