Morning Bid: Stocks crater again, no 'ifs' or 'puts'

The White House does not seem concerned enough about crashing global stock prices to reverse its massive trade tariffs, and the Federal Reserve appears in no hurry to deliver rapid interest rate cuts.

So the market sell off deepens and threatens to turn into a crash.

I'll discuss all the market mayhem and then explore some competing history lessons on trade and explain why they may be bad news for U.S. tech firms.

U.S. tech firms and banks in the crosshairs of retaliation from China , Europe , Canada , Canada and others.

Trump justifying his tariff hike with history lesson on how overseas trading partners have "looted, pillaged and raped" America .

Trade economist Ricardo Hausmann questions the administration's sole focus on goods trade, adding that tariff retaliation may be beside the point.

Europe 's economic ties to the rest of the world go far beyond goods.

Hong Kong's benchmark Hang Seng stock index plunged 13% on Monday , recording it biggest one-day drop since the traumatic emerging markets crisis of 1997 .

Monday 's drop unfolded despite a unit of China 's sovereign fund, Central Huijin Investment , bought China -listed stocks to defend market stability.

Meanwhile, the HangSeng Tech Index plummeted 17% , marking its worst single-day performance since records began.