 Meanwhile, the Dow diving nearly 800 points at the worst part of the session in part to those trade woes before began cutting those losses So what do these wild swings actually mean for your money? Want to bring in market watchers Gary Calpham and Melissa Armo were also joined by FBNs Charlie Gasparino Charlie, let me start with you Obviously it was interesting because this headline the news started last night that came out of it You know it happened Sunday for some reason we just found out about it yesterday It hit the futures market really hard and we started under tremendous amount of pressure What do you make of it though? Will this impact the trading negotiations? Hey, you mean the rest of the CFO from the Chinese company. Yeah Listen, the market thinks it will and I could tell you traders all day today were telling me They think it's it's bad for the market as you know the market backed up or came back I should point out on the Fed basically going slow with with with normalizing interest rates So there's a lot of countervailing Things here for an investor and I'll tell you I mean you could you bounce us off a Gary who has skin in the game I think this is the perfect time to be in cash and for this reason Charles If you really think about it, we might or might not have a trade war We may or may not Have economic slowdown if the Fed is thinking of not raising rates or having an economic slowdown Which is generally not great for stocks and corporate earnings I mean damn if there's ever a time to be cautious It seems like right now and Melissa To that point when this article came out the headline of the article by the way Restrain the inflation reduces urgency for quarterly rate increase pattern This was music to wall streets airs. Someone stepped in a group with somebody's Stuck then it started buying this market Well, I mean it's there's two ways to look at it here You can look at it and say well we everyone's panicking Everything's selling off or this could be a good buying opportunity because prices obviously are lower and a lot of companies that are very strong Still apple amazon, you know, I've all the tech names out there But I will say right now we could still continue to drop I am bullish in the market and I think we hold the uptrend But we don't know where we go from here There's too much news too much reaction and I will say even though the news broke Last night about this arrest if you look at the time of the dates the big sell-off happened on Tuesday And so december 1st was saturday So you got to kind of wonder if some people knew that that had happened before the news broke to the to the national media Gary it's unlikely most of our viewers are going to go into all cash They got 401ks and even those who don't you know probably want to hold on to some of these names You're one who watches and listens to the actual minute-to-minute action today We hit a load a lot of people said we had to hit technicians and we bounced off of it We closed where we wanted to close we got that big job support tomorrow hash it all out for us Well, I'm not crazy doing the minute by minute But charlie's right on one very important thing Last week the fed Tried talking easy market went up and then dropped 1500 points. So guess what the fed did today? They re-announced it to hopefully put a backstop on the market for me the most important thing that happened today was We hit a low rallied up. We hit the low again rallied up. We just hit it again and reversed So probably for now another low in place where in december will rally up But I got news for you There's 1200 new yearly lows at this point in time Financials have been wrecked so many areas the markets are in trouble and the markets are seeing something Fundamentally not having to do with the fed. So I think december may be okay I worry about january, but I think today was the best down 80. I've seen in the the market in history Or up 790 depending on your point of view I was going to say that I don't think the market had advanced word Or there was some alleged, you know, kind of this is an insider trading But that traders knew about the the arrest earlier. I mean, I think monday's sell-off was you know on tariff man I mean markets hate tariffs. Yeah, tuesday. I'm sorry, right, right? I mean they hate tariffs I mean, you know, it's just it's just the market is on edge when it comes to trade and trump They don't think that he has a coherent plan I mean, he may in the back of his mind, but he's not Listen, there may there is a method to donald trump's madness. We all know that but the markets don't see it right now So they're gonna trade off on this stuff and I will say this, you know Okay, december might be a better month going forward and all that But again, if the fed is is is signaling that it's gonna it's it's gonna normalize slower Which is essentially what that welshry journal article said that means it's worried about the economy Which generally isn't good for corporate earnings although although they were on automatic pilot And I think that scared people they're gonna go data dependence of the data strong They hike the data's not they won't and I think that's music to wall sounds like sounds like sounds like Janet yelling doesn't it guys you gotta leave it there Hey new reports former attorney general a general under h.w. Bush could be president trump's next pick