Dow drops nearly 800 points -- a loss of more than 3%

There's been confusion on Wall Street about the prospects for a trade deal between the US and China.
1:31 | 12/04/18

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Transcript for Dow drops nearly 800 points -- a loss of more than 3%
nation honors former president George H.W. Bush at 10:00 A.M., right here. And the stock market's dramatic plunge, dropping nearly 800 points. A loss of more than 3% today. Investors with concerns about the trade wars with China. Let's get right to Rebecca Jarvis, live. What's behind the drop? Reporter: David, there's confusion on Wall Street tonight coming out of that g-20 summit. Just 48 hours ago. And president trump's meeting with China's president XI. The white house sounded optimistic about a deal on tariffs with China. But in a series of tweets today, the president saying he's a tariff man. And his team of advisers is working to see if that deal is actually possible. Chinese tariffs have been looming large over the markets over the last three months. Stocks dropping 7% over fears over the impact and cost they will have on American businesses and American consumers. Tomorrow, the markets will be closed, but you can bet you will see a lot more volatility ahead on this front. We'll be watching it for sure. Rebecca, thank you. We'll turn to the alarming

This transcript has been automatically generated and may not be 100% accurate.

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