NPR

Stock Market Slide Cause For 'Serious Concern,' Not Panic, Former Treasury Secretary Says

Monday saw the worst point drop in the history of the Dow Jones industrial average — 1,175 points.
A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Feb. 6, 2018. Shares tumbled in Asia on Tuesday after a wild day for U.S. markets that resulted in the biggest drop in the Dow Jones industrial average in six and a half years. (Ahn Young-joon/AP)

Former Treasury Secretary Larry Summers says he’s concerned about the stock market slide in recent days, but that it doesn’t have much to do with the recent tax cuts, and that things could easily swing back up soon.

Summers (), president emeritus of Harvard University, joins ‘s Jeremy Hobson from Hong

You're reading a preview, sign up to read more.

More from NPR

NPR3 min readPolitics
WATCH LIVE: Impeachment Hearings With Marie Yovanovitch, Ex-Ambassador To Ukraine
Yovanovitch was recalled from her post after a campaign to push her out led by President Trump's personal lawyer Rudy Giuliani. She is now appearing for the second day of open hearings in the inquiry.
NPR2 min read
Sugar, Spice & Rosé On Ice: 30 Introspective Songs For Autumn
A chilled-out roséwave playlist for morning walks and midday reflections during the sweetness of autumn.
NPR4 min read
NFL Suspends Myles Garrett 'Indefinitely' For Hitting QB With His Own Helmet
Garrett is suspended "indefinitely" but for at least the rest of 2019 season, after he ripped off Pittsburgh Steelers quarterback Mason Rudolph's helmet and whacked him in the head.