Transcript for US stocks rise marginally after worst day of 2019
Today all lies are on the markets and recession fears that may have sparked the worst day of the year on Wall Street on Wednesday. That 800 point drop fueled by concerns of a looming recession alongside what's known as an inverted yield curve with the ten year treasury interest rate is lower than the two year. That's historically signaled an economic downturn last happening in 2007. But happening again Wednesday and while it's not a guarantee of a recession. Investors say the bond market is rarely wrong. I think the bond markets making a very clear statement right now which is trade wars are horrible for the global economy. The president placing the blame for the market's drop on the Fed tweeting raise too much into fast now too slow to cut though most economists have disagreed with that assessment. President trump also insisting his ongoing trade dispute with China is not the problem. This week he backed off of threats to implement tariffs on millions of dollars worth of some popular Chinese goods. Already some industries like agriculture taking a hit as China is now holding off on buying their crops lot of farmers are gonna have to come up an alternative sources of income. Looming over all of this is the 20/20 campaign historically only one president has won reelection when there's a recession in the final two years of their term. Cover alt ABC news Washington.
This transcript has been automatically generated and may not be 100% accurate.