KSTP TV - INTERVIEW: Stocks Sink on First Trading Day of 2016 on China, Mideast Worries, Grant Meyer, January 4, 2016
KSTP’s Leah McLean interviews FPA of MN's Grant Meyer. It was a gloomy start to the new year on Wall Street as stocks sank as part of a global sell-off.
Investors worried about new signs of a slowdown in China and a flare-up in tensions between Saudi Arabia and Iran. That sent the price of oil on another wild ride.
The Dow Jones industrial average clawed back the worst of an early decline but still ended with its worst loss in two weeks.