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tv   Wolf  CNN  January 20, 2016 10:00am-11:01am PST

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-- captions by vitac -- hello. i'm wolf blitzer and it is noon in tulsa, oklahoma and 1:00 p.m. in washington and # 1:00 p.m. in islamabad, pakistan. wherever you are watching around the world, thank you very much for joining us. this is cnn breaking news. up first, the breaking news, the price of oil is dropping, and so is the stock market. the dow jones plunge iing more n 400 points, and in early trading, it is down about 456 points. let's bring in the cnn business correspondent richard quest who is the host of "quest means business" and he is at davos where the world leaders are gathering, and richard, this is the worst start on record for the new year's start with the
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stock market. how worried are the investors? >> they are going to be increasingly worried, wolf. on the one hand, they want to tell you that they are in for it the long haul, and the fundamentals of the global economy is sound, but the truth of the matter is when you see a 7% drop in the oil of, and now under $28 a barrel, and you do not see any reason for that to stop, coupled with a market which seemingly has decided to go completely on a frolic of its own, and last week the dow jones down 300, and then 400, and then a bounce back on monday, and then all of the sudden, today, i think that once you start to going over # 500 points, you start to see losses of more than 3% at any given time. it is going to give people pause for thought, and they realize, one, japan's nikkei index is in bear territory, a bear market. and two, the oil prices are low, and the pressure is down.
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three, china's growth is okay, and moderate and not good, but it is likely to get worse, and four, investors are saying, that we need safety, security, and the market is not there. >> good news for the consumers the price of oil, gasoline is way, way down, and the bad news is that the markets are really going down at the same time. and richard, we will get back to, you and richard quest is join g ing us from davos, switzerland. >> and under the heavy fog, gunmen stormed a university in pakistan and killing 19 people, and injuring many others at bacha khan university. it happened in a ceremony catching so many off guard. a spokesman said that the attackers threw grenades and then opened fire. a battle brokeout between the gunmen and the security forces. by the time it was done, the four gunmen were dead.
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nick paton walsh is tracking the developments from beirut. do we know specifically who is responsible? >> we know who has claimed it and who said it is not them, and that is actually the both same group, pakistani taliban. and officially, they said it is not us, and they called the attacks against the innocent people nonsha reeia, ariah, and the law. and then this comes about 25 miles from the place where 130 schoolchildren lost their lives there, and he claimed that he did do it, and claimed that the pakistani government sparked the response because of the support of people in the region. so they are trying to deny it to not lose sympathy with thoses
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assisting the taliban and pakistani group. we are hearing are from the pakistani military that at a press conference that on the body of the four bodies they had afghanistan sim cards, and so they may have been in contact with the people there. and they were saying that security forces were al lert when they stormed in. and they say that there could have been more students there than normal, and there may have been a tip-off that said that when the attack happened, they were contained in two buildings on one side of the huge university campus, but still, the educational institutions, and innocent targeted by the the pakistani taliban. and it is wreaking havoc across from afghanistan.
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thank you, nick paton walsh. and now, turning to iraq in a death toll that is staggering as the country is battling isis, a new u.n. are report released says this, nearly 19,000 civilians have been killed in a 20-month period in raubliraq, r more than 36,000 injure and 3.2 million iraqis displaced. for more in the involvement of the u.s. in the fight gaiagains isis in iraq, we are joined by colonel in operation resolve. you in the thick of it, colonel, and what is your assessment of the fight in iraq? >> well, it is a brutal and evil enemy that we are fighting. it is well known. we have seen progress, and the iraqi security forces have taken back 40% of the land that isis once held. that is progress. we have seen the news about ramadi and sinjar and baji.
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and so it is beginning to get better and the power of the air strikes have been significant. >> there is one report that a christian monastery in iraq, 1400 years old, and the longest monastery in iraq has been leveled by isis completely destroyed. is that true? >> well, we can't confirm it yet. we are looking into it to try to determine using some of the ofhead surveillance assets, but if true, it would yet again verify how genuinely savage this group really is. >> because there have been reports that eisis is specifically going after iraqi christians, and thousands have been killed, and hundreds of thousands have been forced to flee. there is legitimate fear, and you are there in baghdad, and that is the long history of christians living peacefully and productively in iraq is coming to an end. how worry should we be about the christian community in iraq?
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>> wolf, isil doesn't care if you are christian, muslim or r turkkomen or anything, because this is a brutal group that is going after anybody who does not line up specifically with them. we have seen the specific targeting towards christians and every other group. they are a pro to state that wants to seize everything. >> and there are about 20,000 troops there on the ground, and is that enough? >> the troops here on the ground are here to train, and vise and assist the iraqi security forces. the iraqi army had trouble a year ago where we saw them collapse, but they are getting better. we have seen the success in several cities, and so they are are getting better, and we are going stick with them. >> any chance that mosul, the second largest city in iraq with nearly 2 million people under
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isis control, and any chance that it is going to be liberated any time soon? >> well, it is going to be a while, wolf. we will be honest with you, and we have to generate the combat power, and sim ulate the combat positions, and only then move in and liberate, so it is going to take a long time, and we have not established the time line yet, but we know that it is doing to take a while. >> colonel warren, good luck offthere, and thank you for joining us. >> thank you very much. >> colonel steve warren is a spokesperson for operation inherent resolve. that is in iraq, and now, let's go to speak with the senator from the foreign services committee, and let's get reactions to what you hear from colonel steve warren, and give us the assessment of what he is providing? >> well, it is good news that we
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are making progress, but the hearing today, it talks about the importance of the territory for the establishment and the ongoing fact of the caliphate. as long as the caliphate holds the territory, they are j generating revenue, and generating additional recruits, and more adherence to the barbaric ideology. so the fact of the matter is that we have to defeat them, and that mean s s to deny all of th territories, and the caliphate is defeated and no longer exists. >> and you are hearing today, and it is an important hearing because it is titled "inside of the mind of isis, and understanding the goals and ideology to better protect the homeland." what is the most important conclusion that you heard? >> well, you know, it is very interesting, and again i have hit on it in terms of the importance of the territory, and the fact that the caliphate exists. it sets in motion shariah law, and for those who edadhere to t that ideology, they have a duty to support the caliphate whether by traveling to syria and iraq to join in the fight or to kill
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in place. that is why it is so important. and another thing, there are 1.6 billion muslims in the world. a very small fraction, and say 1% is still 16 million potentially adherence to the ideology. and nobody can tell you what it is, but it is a small percentage that is a really big problem. the other thing that we learned is that because the other part of the hearing is that what attracts people? is there is a typical background of somebody who is attracted to the ideology, and there is none. the diversity of the people who have joined this fight makes it very difficult for us to identify those, and prevent it. so that why you will get back to the main goal initially with isis, they have to be defeated and we have to actually accomplish the president's stated goal of feating isis. >> and coming up on the floor in a hour or two is the vote on the floor to allow syrians to come
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into the united states. >> i am going to say yes, because they have to hold the d administration to the fire, and they have the authority to let in are refugees from wherever, and we have the responsibility to make sure they don't short circuit the process, and so it is kind of like under sarbanes-oxley, we require the ceos to certify that the statements are accurate, and why not have the director of the fbi and homeland director certify that we have not taken any shortcuts in the vetting process, and so that the people we let in don't pose a risk to the country and to the homeland. >> and no refugees are allowed to come in from syria if the vote were to pass, and unless the director of the fbi and the secretary of the homeland security certify that there is thorou thoroughly been vetted, is that right? >> yeah. that is a reasonable proposal quite honestly. and wolf, you cited earlier statistics in the hearing that
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we talked about the state department's start report. started in 2012 to 2014, the number of terrorist attacks worldwide have gone from 6,700 to almost 17,000, and the number of people have gone from 1111,000 to 44,000, and a four-fold increase of people kill killed in terrorist attacks in a two-year time period. the threat of islamic terror is real and growing. >> do you have the 60 votes needed to pass the legislation? >> i hope so. at least to proceed to the considered debate. what is wrong with that? i hope that the democrats in the senate will provide us that vote so we can at least discuss it on the floor of the senate, and offer it up for amendments. >> senator ron johnson is the senator in charge of the homeland security committee. and we will follow that vote if it takes place. thank you for joining us. >> thank you. and sarah palin is back on the campaign trail after endorsing donald trump last night. she is now joining him on stage in oklahoma.
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this hour, you are looking at the live pictures from the event, and we will go there live. and john kasich is focusing the entire presidential campaign on the first primary in the united states, new hampshire, that is coming up in a few week, and he is is doing well in the latest polls, but can he catch up with donald trump? we will speak to john kasich live next. en't moving in the right direction, it can be a burden. but what if you could wake up to lower blood sugar? imagine loving your numbers. discover once-daily invokana®. with over 6 million prescriptions and counting, it's the #1 prescribed sglt2 inhibitor that works to lower a1c. invokana® is used along with diet and exercise to significantly lower blood sugar in adults with type 2 diabetes. it's a once-daily pill that works around the clock. here's how: invokana® reduces the amount of sugar allowed back in to the body through the kidneys
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to the u.s. presidential race right now, and a day after giving donald trump his biggest endorsement to date, the former vice presidential nominee sarah palin is helping him to rally sup potters out there on the campaign trail. here's a live look at oral roberts university in tulsa, oklahoma, where donald trump and sarah palin will take the stage. after this passionate and salty speech sometimes last night by palin. listen. >> only one candidate's record of success proves that he is the
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master of the deal, and he is beholden to nobody but we the people, and he is perfectly positioned to the let you make america great again. are you ready for that, iowa? >> more pussyfooting around, our troops deserve the best, and you deserve the best. he is from the private sector, not a politician. can i get a hallelujah. >> hallelujah. and there is more good news for donald trump today, and brand-new monmouth university poll that shows that trump is way ahead of the gop competitors with 36% support, and that is slight sli down from december, but it is still way, way ahead of everybody else. and cnn white house correspondent jim acosta is joining you from tulsa, and i take it that trump and palin will once again come out together and speak, and what is the feeling out there, jim? >> oh, that is right, wolf.
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this is another one of the vintage donald trump rallies. we are inside of the auditorium here on the campus of oral roberts university and it is packed. the music is loud, and the crowd is fired up here, and what donald trump has been doing all week, wolf, he is is checking some major boxes on the path to this iowa caucus coming up in less than two weeks. he was wooing the christian conservatives at liberty university, and he was out with sarah palin yesterday, and now the two of them out here on the campaign rally, and in a couple of minutes here at the basketball arena here in oral university, and another school founded by christian conservative, and it is important that even though the campaign put out a statement that she would appear, and the governor was a no-show at the morning event in iowament we have not gotten an explanation for, that and we do understand that from talking to the senior
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campaign official that the former alaskan government will be out with donald trump, and we should expect donald trump to give the same stump speech that he gives everywhere, and introduce sarah palin later on in the event, and maybe they will change it up, and come out together and do it differently than what we saw yesterday, but while sarah palin was not with donald trump earlier this morning, the billionaire tycoon was tearing into the archrival in the iowa caucus, and ted cruz once again, questioning whether or not the texas senator is eligible to be president, and here is what donald trump had to say. >> now i understand that he was sued recently over the last couple of days, and in fact, i understand that there are two lawsuits out there, and there are going to be more. the democrats are going to sue if they run again, and they will not do it now, but at the right time, and as sure as you are standing here, and sorry we could not give you a seat, because there is too many people, but just like you are sta standing here, the democrats are going to sue. so how can you be running with a
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cloud over your head? >> so the question is what is the palin effect as you talked about earlier in the show, and donald trump is ahead in the monmouth university poll, but i think that the really critical thing to look at in the coming days is what kind of effect sarah palin has on the places in iowa and new hampshire, and does she have the same star power that she had a back in 2008, and certainly somebody who is capable of firing up the conservative base of the republican party, and we are about to see it in tulsa in a few moments. >> and a huge crowd with krchl, and i expect that if they go out together, they will have cheers that are even louder. and donald trump and sarah palin, and thank you very much. and let's bring in the strategist donna brazile, and s.e. cupp. and ralph read, a well known n
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conservative evangelical leader and he said that her endorsement is as gold as the faucets in trump tower. and they can turn the fight over the evangelical vote over for the soul of the republican party, and how big of a deal is this? >> well, it is a big deal for ted cruz, because he wanted to get her endorsement for that reason to win the fight with evangelicals, but her influence of republicans at large has diminished significantly. and 538, and they did some number crunching and expect the loss to be 55 percentage points, so i am not sure that she open up a magic box to moderate republican voters that trump is also hoping to get. i think that she's right where trump is, and gives him access to the very voters that he has
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been really turning on over the past few months. >> and among the evan gel cal voters and the home school ers, and that is a big help for him in iowa. >> yes, sarah palin is a big deal among evangelicals in iowa among home schoolers in iowa and among the moms. and she still does have some influence, but nationally, i don't think that you will see a lot of the sarah palin after iowa. >> and what does it say for the democraticer pspective, donna sh. >> this is operation saving grace. donald trump who said on monday that he said two corinthians and not a ii corinthians even the catholics understand. and to see this chaos in that land, sarah palin will help with the home schoolers and the evangelicals, and donald trump would more importantly like to see the women come to him, and especially the conservative women, and this is a saving grace move for him, and oral roberts and liberty university, and come on, look at the venue.
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>> and donna, i want you to get the reaction no the wmur/cnn poll that released the democrats' choice nominee is bernie sanders 60%, and hillary clinton 33%. martin o'malley, 1%. he is almost twice as much support there. this is horrible news for her in new hampshire. >> for a neighboring senator, i am not surprised at the numbers that strong, but what surprises me is how fickle these polls are. and you will see some polls, the rp polls are closer, but the clinton campaign has to put focus on iowa and they have operations across the country, a i know that because i have seen it, but they have to focus on winning iowa, and if they do that, they can continue to fight this very vigorous campaign. i have to tell you that i am neutral, and bernie has energy, and hillary has support, but she has unused assets sitting on the sideline, and whether it is the support of the planned
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parenthood or labor unions and others and it is time for her to turn on the spigot and not hold it. >> and in vermont, bernie sanders' home state, and even in iowa, he is doing well, and not necessarily ahead of her. >> an inconveniently for clinton he is doing well in a lot of places and not just next to vermont. i think that bernie is going to win iowa andh new hampshire, bu after that, the map is going to be diverse. he does well with the white progressi progressives and the the millennials, but after that, he is going to have a tough time which is why you are seeing him starting to explore, you know, south of the mason dixon line, because he know that after iowa and new hampshire if he can pull those two off, he has a uphill battle. >> he has enough fuel in the tank to keep going beyond march 1st, because you have liberal states like massachusetts and minnesota and colorado and enough fuel to burn through the last of march. >> and we have to wrap it up, but one wild card is the investigation of the e-mail that
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is being investigated by the state department, and the fbi and now the not only secret, and top secret, and top secret, and also, special access program information may have been on that server, and that is representing potentially a real problem for her. >> and her campaign has said that they have looked at them and retroactively called them classified and we have to get more information and not just the headlines and look deeper. >> that is what the fbi and the justice department do, but it is a cloud that could disrupt the entire democratic campaign. thank you very much on that, guys. important note to the viewers and we want you to know about a big event monday night in iowa only seen here in iowa, and exactly one week from the iowa caucuses, and bernie sanders, and hillary clinton and martin o'malley will go face to face
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with the voters in the democratic presidential town hall from des moines. chris cuomo is going to moderate. it is the final pitch before the first votes are cast, and unique opportunity for iowans to ask questions. it is next monday night 9:00 p.m. eastern live only here on cn cnn. up next, christiane amanpour sat down with the foreign iranian minister and talk about sanctions with saudi arabia. >> and a check on the stock market as it is tumbling down 480 points. much more coming up. we came up with a plan to help reduce my risk of progression. and everywhere i look... i'm reminded to stick to my plan. including preservision areds 2. my doctor said preservision areds 2 has the exact nutrient formula that the national eye institute recommends
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>> the freed washington poes "w
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reporter jason rezaian said he is fine. he waved to reporters in landstuhl, germany n the first appearance since being released from the iranian prison n. a stateme statement, he said that he needed private time for himself and the family and adding, quote, for now, i want to catch up with what is going on in the world and watch a warriors game or two and see the "star wars" movie. yesterday, i spoke with the saudi foreign minister who said that he was blunt about the country's concerns about the iranian government. >> this is a country that has no inhibitions about engaging or supporting terrorism, death and destruction, and this is a country that has provided troops and recruited troops in a sectarian war in syria that has allowed bashar al assad to murder millions of his people, and render many displaced and if you put it together, that is where the problem is and the lack of confidence is. >> and our chief international
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correspondent christiane amanpour sat down in davos with iran's minister javad zarif, and were the points of the iranian foreign minister very different from the saudi foreign minister? >> yes, take that issue first, because it on the minds of everybody here, the global leaders and the regional leaders who are very concerned about the feud in the very important region. so i put precisely those comments by the saudi arabian foreign minister to the saudi foreign minister and asked what can be done about this and this is what he said. >> we do not have a fight to pick with saudi arabia, and unfortunately the fact is that the instability in our region is caused by a panic in saudi arabia that believes that there is disequilibrium in the region
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after the arab spring, and we believe they can be players who can complement each other in the region, and we dot no expect or interested even in pushing saudi arabia out of the region, because saudi arabia is an important player in the region. >> and so obviously very conciliatory, and also again on the public stage condemned what those dozens of iranians had done by storming the saudi embassy in teheran and condemned it and said we got a quick hold on it. and he also did somewhat sidely say and remind everybody that 15 of the 19 9/11 hijackers were from saudi arabia and not iran. and so he also addressed specifically the fact that the u.s. very quickly put new
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sanctions on certain places because of iran's ballistic missile test, and he said that iran did nothing illegal, and he called the u.s. addicted to coercion. >> we believe that there is no basis in law or base in reality, and it was not necessary. it is a nuisance that the united states and saudi arabia decided to do this. i call it a sort of addiction, and addiction that some in the united states have to sanctions and oppression. and just like people who smoke, they know that they don't work, but the ed a daddiction, and it just keep it from call it quits. so it is best if the united states would once and for all determine for itself that sanctions don't work. that with iran, e negotiations, talking, respect, always works. >> and wolf, he said here that the global message that he wants to say is that diplomacy works, and that is the big message that
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he brought here to davos, and specifically about the u.s. negotiations regarding the prisoner exchange and the last-minute hiccup regarding jason rezaian's mother and wife and some in iran said that they could not travel, and we knew that it was a mistake, and the call are the secretary kerry reminded me that some people said that they cannot leave and i asked if that is part of the agreement, and secretary kerry said, yes, so i ordered the people to put the wife and the mother on the plane and that ended the mini hiccup, and the crisis that somewhat delayed the departure of the americans from teheran. w wolf. >> and excellent work. and i am proud, christiane, that cnn is the only news network in the world to have exclusive interview s wis with the aunian the saudi foreign ministers. thank you for joining us from davos. and this is a programming note that you can catch the full
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interview with zarif right after this hour. and 11:00 p.m. on the west coast, christiane amanpour with her interview with javad zarif. and we will talk live about a republican candidate about the presidential campaign, and the it is the of the race, and he is doing better in the polls in new hampshire, and we will get his reaction. standby. when you use splenda no calorie sweetener. think sugar, use splenda mike? janet? cough if you can hear me. don't even think about it. i took mucinex dm for my phlegmy cough. yeah...but what about mike? he has that dry scratchy thing going on. guess what? it works on his cough too. cough! guess what? it works on his cough too. what? stop! don't pull me! spoiler alert! she doesn't make it! only mucinex dm relieves both wet and dry coughs for 12 hours with two medicines in one pill.
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economics 101 with oil. too much supply, and not enough demand. so the economies in the countries that use big oil and gas, consumers i'm talking about like china, and those economies are slowing down, so there is less demand nor the product, oil. and over the past couple of years, you have been seeing the oil drilling picking up, especially in this kcountry, an adds to the supply, and the supply and demand is a big reason why the oil prices are dropping and the stocks are following in lock step. >> alison, we will stay with touch with you at the new york stock exchange. thank you. in the race to the white house the ohio governor john kasich has a lot are riding in new hampshire, and the future of his campaign depends on a strong showing in the primary, and governor kasich is joining us live from concord, new hampshire. thank you for join g ing us. i want to talk politics in a moment, but let me get your take on the news happening right now, and lots of news. first of all, the prisoner swap that the u.s. negotiated with
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iran. was that a good deal for the u.s.? >> well, you know, wolf, it is nothing to do with for the families, of course, that is really fantastic, because the loved ones are back, and you know as well as everybody, that it was trumped up charges gai against the "washington post" reporter who i am glad to hear in your report is doing well. and they had a pastor and what was he doing over there preaching some christian thought, and they put him in jail. i am glad they are out, but you know, to do somersaults over this is inappropriate. these people never should have been there and my understanding is that there is still one being held, and look, it is what it is, and i am glad for the families, but there is no reason to have some big celebration about we have had some great diplomatic breakthrough, because they are releasing people that they should haven't been holding in the first place. >> and let me get your reaction to the supreme court decision to make a ruling on president obama's executive actions on
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immigration. as you know, the orders would allow millions of undocumented immigrant parents among others, and parents of u.s. citizens to apply for work authorization, and if the supreme court rules in favor, would you be in favor of that, what the president proposes? >> well, wolf, i mean, two things. one, i'm not sure that the court is ruling on the baysition of the subject matter, but i believe that the court is ruling on the matter that we don't want to have presidents making laws with regard to the congress. so what he has said, i can't get anywhere with congress, so i will make the law myself. and we have a president and not a king. the use of executive authority should be limited. i have executive authority as governor of ohio and i try to consult the legislative leaders before i use it, and this approach by him underscores he has not had good orders by
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congress, and i have said it that it is inappropriate, and he should work out something with the members of congress. >> and what is your reaction to the sarah palin endorsement for donald trump? >> well, good for sarah. she is back in the news again. god bless her. >> you worked with her at fox news. you like her obviously? >> well, i always liked sarah palin. she speaks her mind, and that is good for donald, but here in new hampshire, they are a lot more interest ed ined in the mayor o small town here than they are somebody who comes from the outside. it is a very interesting situation here sh, wolf, in new hampshire. you know, it is all about town halls, and all about people taking your temperature. we finished one with a, you know, really good turnout, and it is noon, and people show up. they ask you questions, andly tell you the interesting thing, contrary to the report tas many of us hear, the people are not angry. they know that we have problems, and i acknowledge that, but you know, they want to be hopeful, and those people leave my town hall meetings, and asking people
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what they think, they say, i am hopeful again, because the problems in the country are not that difficult to solve. the thing that is hard to solve is the overpartisanship, and the fact that people are not putting the country first or acting adds representatives to america rather than to the party or the strident ideology, and we talk through all of the issues. we have a lot of fun, and joke and kid, and we are serious, and it is great. i have done more than anybody who is running for president this time, and it is working out great. we have a ground game here in new hampshire that former senator gordon humphrey says it is the best that he has seen in 40 year, and we have risen to second place, and we are having a ball. wish you were out here, wolf. >> yes, an dana bash has done a piece about you and your twin daughters ark and if you not seen the piece, go to cnn and watch it or we will air it later
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as well. and so new hampshire is critical for you, and if you don't win in new hampshire, you are not going to be beat donald trump. in the monmouth university poll, he was at 32%, and we will be releasing another republican poll later in the rm is, but if you don't come out second or third, is it over for you? >> well, first of all the arg poll has me which is a sample of 600 which is a good sample has me within seven points of donald trump, and that is a blink of an eye in this state. and you know, we have so many people undecided, and there are people who will be undecided right up to the election day. we will do well, wolf, but people said that i would not get in and raise the money, and i'd never make new hampshire or make the debates, and we are doing fine, and count on our ability to move forward and now they are beginning to ask me about the rest of the country, and so the narrative is changing from is
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kasich going to make it to what is he going to do res of the country, a nd nd we are going f the town hall heavy, and not a lot of big speeches with big crowds, but the situation of where people can take the measure of who i am. and by the way, so i can give you a compliment, wolf, i thought that you did a great job monitoring and running the last debate. >> thank you very much. it is my pleasure out in las vegas moderating the debate. john kasich is the governor of ohio, and most people know that no republican has ever been elected the pt resident of the united states without carrying ohio. thank you very much. >> thank you, wolf. see you soon. we will take a quick break and be right back. boys have been really good today. send. let's get mark his own cell phone. nice. send. brad could use a new bike. send. [siri:] message. you decide.
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there are a lot of players in the game, a lot of sellers and not really seeing the buyers step in just yet, wolf. >> it's not just today or yesterday, the past phi days or weeks, alison. we knew the dow was well above
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18,000, now into 15,556. what has caused this collapse, i don't know if that's the technical term, but the downward trend? >> i would definitely say that the collapse in oil prices is a big reason you're seeing these huge daily sell-offs we've been seeing since the start of 2016, which by the way is only about three weeks in. so part of the reason is oil. oil sinking below levels we haven't seen in more than a decade, especially for today's selling. the sell-off in oil has just spark for today's massive selling in stocks. if you think about it, the dow jones industrial average, the s and p 500 are made up of energy companies. it's hard for the indices to rally when you see energy companies fall. whu see oil prices fall, you see the shares these energy companies fall. just to give you an idea, energy companies make up a good chunk of the s&p 500. it is the broader index.
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so once again every time you see oil sink, you see the indices sink as well. here's the thing. nobody knows how far crude oil the price of crude oil is going to fall, where the damage will end. and that really is the problem. uncertainty, it's kind of the sworn enemy of wall street. for now you're seeing stocks moving in lockstep with oil. when oil plunges you'll see stocks plunge. which bit way is not the historical pattern but that is the new pattern that we seem to be in. so i would say just buckle up and watch the market and if you have a 401 kr, i would say hold off looking at it for a little while, wolf. >> good advice. though aloft of us who do have investments in. dow jones industrial remember what was only about seven, eight years ago certainly when president obama took office after the great recession, the dow jones was down below 7,000. now it's worked its way up over these years to 17,000 or 18,000, 15,000 not too bad compared to 7,000 only a few years ago. we'll leave it on that note,
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alison. we'll stay in close touch with you. thanks very much. that's it for me. the news continues next right after a quick break.
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all right, you're watching cnn. thanks for being with me. i'm brooke baldwin. to politics we go. donald trump and sarah palin. she did not appear at an event this morning in nor walk, iowa, but she's expected 0 to take the stage with him moments from now in oklahoma, oral roberts university, to be precise. she endorsed him of course at a rally in iowa last night. >> he is from the private sector, not a politician. ki g can i get a hallelujah? where in the private sector you actually have to balance budgets in order to prioritize to k