Sell-Off Sparked By Evergrande // Lessons in Risk Management // Janet Yellen's Op-Ed - 9/20 (Hour 1)

(1:23) - Markets are selling off in a big way today, with Chinese real-estate company Evergrande accelerating the dip due to the company's stock plummeting. This is causing the Chinese real estate market as a whole to fall with it, and in turn the ripple effects are reaching European and U.S. stocks.(13:11) - The guys discuss how the Evergrande situation relates to a prior Asian financial crisis in the late 90's, and how both scenarios are examples of what happens when there's little to no risk management.(28:35) - Pfizer has announced that it's COVID-19 vaccine saw a strong response in children ages 5-11 when administered in a smaller doses. Pfizer is seeking FDA approval for the vaccine to be used on children.(35:29) - Treasury Secretary Janet Yellen wrote an op-ed in The Wall Street Journal in an attempt to get congress to raise the debt ceiling yet again, which has already been raised nearly 100 times in the last 60 years.