‘Worst trading day’: Expert says the Fed likely isn’t going to do emergency rate cuts

Watch CNN coverage of the stocks closing deep in the red for a second day in a row.

00:00 CNN’s Jake Tapper talk about ‘the worst trading day’ as US markets close
6:37 Richard Quest makes prediction on potential Fed rate cuts in September
9:12 CNN’s Richard Quest and Washington Post reporter Catherine Rampell discuss the trends
13:10 CNN talks to economist Mark Zandy about his top three tips on what to do amid economic turmoil
14:10 CNN's Rahel Soloman explains why stocks are plunging and what you should do with your portfolio
15:21 ‘Fear not panic’: CNN’s Julia Chatterly explains reactions to the market turn
#cnn #news

[gingerkilkus]

Biggest lesson i learnt in 2024 in the trading market is that nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.

[Sanchyfab]

I’ve been glued to the news, trying to figure out what’s next.

[Higuannn]

In the last 3 days, when stock prices plunged Retail investors sold $1 Billion. Institutional investors bought +$14 Billion. This is Market manipulation at its finest.

[CharlesWilson-piew]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

[tmer]

I dont even know where the stock market is headed to right now. my portfolio of around 200k is not increasing more than 5% and people are predicting a crash .

[Riggsnic_co]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

[Alejandracamacho]

Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

[jameswood]

The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.

[RusuSilva]

So what are really the best strategies to make our portfolio recession proof. my wife is already panicking, so many questions! will the rate cut next month lead to inflation? I'm very worried about my $1million stock portfolio losing value. It lost 20 % today alone

[SusanSBradley]

I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

[ufuksenol]

Start early with diversified investments in Bitcoin, stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security

[BushNinja]

Haha did she just say that inflation isn’t effecting our wallets 😂 is she clueless

[ccccarriemchardy]

Corporations need to stop gouging the working class to make breaking profits.

[grigorigahan]

Let's be clear, this is companies freaking out because they can't borrow money at a reasonable interest rate. When you can't pay your rent or put gas in your car they'll tell you "Should have learned to manage your checkbook, live within your means, learned some financial responsibility." When it's a company that can't manage its pocketbook, it's the 'government's fault.' Pound sand.. It's a free-market right? If corporations need to borrow money to stay afloat, maybe it's time they learn some financial responsibility, learn to live within their means. Maybe that C-suite could do with some thinning out, same with their board of directors.

[derekhauser]

Companies need to stop price gouging consumers, and then people will start spending their money again when they feel more comfortable and have more expendable income.

[rowyourboat]

you can't panic if you don't have money. most people aren't in the stock market.

[Mim-sc]

This is under Kamla Harris's watch

[DNNY-JAMES]

Cutting rates is just going to raise inflation again in the future.

[stephenrowe]

Maybe the American people should focus on the huge Corporation conglomerates that are Monopolising markets like beef, and livestock, the fresh produce industry, the oil & fuel industries which 100% hits the households of the American people.
Big Corporations are generating fully the highest relative profits, and highest profit margins in recent history.
Any possible negative effect on those Corporations and this is what happens. They cut and run.
The Stock Market is not the same as the Economy.
The Market is just settling down to a steady pace. In coming days and weeks it will level out.
What ever Trump says, Do Not Listen to him. Trump is a Liar.

[Sshohlov]

Save this clip. To either show to people later how much everyone over reacts to correction. Or how much these talking heads were wrong. Either way its fun to watch later in hindsight.