Stock market shocked by fears of economic downturn

The latest jobs report and slowed consumer spending are among the factors contributing to fears of a recession. CBS News business analyst Jill Schlesinger breaks down what to know as global markets react.

#news #money #world

[okaydamian]

I’m convinced that investing as little as 50k-150k in the right company before it goes big is more important than buying the dip, however picking the right company lies the difficult task. My question is, what are the best opportunities to accrue profits now, amid market crash?

[gomerpyle]

WTF, another one saying the economy is strong. Does this lady buy groceries or gas.

[MaryValiulis-fi]

People with tons of money manipulating the market to make money. GREED

[carramrod]

$10 gallon milk. $9 gallon gas. It’s all right around the corner

[scwps]

It's already slow, next is a recession.

[vickycameron]

Markets!! gamblers without any morals or thinking about the future of our country and only worrying about immediate profits!!! After the Fed finger the interest rates no wonder people can't have jobs.

[lovethehotmess]

Wow that's a lot of BS coming out of your mouth.

[Step-go]

US is leveraged 35Trillion, u think it won’t crash😂😂😂😂🤡

[dianadiane]

Of couse we are not buying starbucks like we used to. It is way too expensive a Pumpkin Spice Latte. Cheaper is if I do it at home adding syrup. Not paying 8 bucks for a PSL anymore.

[Fellowtellurian]

Starbucks is undergoing a boycott. We are just spending our money elsewhere. Lol.

[Ktgsvtrdg]

Aka rich people decide how much to gouge the working class.

[knightsoftheround]

Womp womp. Greedy CEOs wanted to increase profits, so they raised prices on their goods and services. Now we have inflation because it’s their fault. Wall Street better get their boot straps ready 😂

[Joshcodes]

Don’t act! We need time to offload these assets to your 401k so only you lose money.

[scottcarey]

Heck i remember in 2008, the news was telling everybody people were committing suicide because they lost everything during that Recession & in 2008 we didnt have all this Inflation so it's more prevalent and you can feel the affects more in 2024.

[davidmccarthy]

In other news, people find out, again, that the markets go both up and down.

[NNShephard]

Kamala needs to come on and show us her favorite Venn diagrams 😂

[jmjfanss]

trump warned us and we didn't listen.

[ladyreddandonly]

now a bug on bybit with exchange rate! Auto exchnage to x10 price on Btc > Eth pair 😂 😂
i posted a video

[gwheat]

Good thing Brandon wants to be known for saving the economy...

[bobbimichelle]

Average people knew this was coming a long time ago. We have been feeling the ripples before the rich "crooks" did.