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Podcasts Take Two
Chinese stocks tumble, rattling global markets
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Jan 4, 2016
Listen • 3:38
Chinese stocks tumble, rattling global markets
What do China’s market woes mean for everyday Americans?
A Chinese investor uses a magnifying glass to look at his mobile phone screen as he monitors stock prices at a brokerage house in Beijing, China, Thursday, July 9, 2015. Asian stock markets continued to react on Thursday as the Chinese government took measures aimed at stabilizing the market. (AP Photo/Ng Han Guan)
A Chinese investor uses a magnifying glass to look at his mobile phone screen as he monitors stock prices at a brokerage house in Beijing, China, Thursday, July 9, 2015. Asian stock markets continued to react on Thursday as the Chinese government took measures aimed at stabilizing the market. (AP Photo/Ng Han Guan)
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Ng Han Guan/AP
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What do China’s market woes mean for everyday Americans?

The Chinese stock market stumbled on the first trading day of 2016, and it had a domino effect on global markets.

Trading was halted on the Chinese exchange after losses triggered a new, "circuit breaker." This triggered sharp declines in European and US markets. The Dow, S&P 500 and NASDAQ all ended the day down.

What do China’s market woes mean for everyday Americans?

Take Two put that question to Carl Riccadonna, chief US economist for Bloomberg.

Press the blue play button to hear more.