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MoneyWatch: Markets tumbles to kick off the new week

Name: MoneyWatch: Markets tumbles to kick off the new week
Uploaded: 2022-05-09T16:00:38-0400
Duration: 5 min 13 s
Description: The markets tumbled to kick off the new week, with the Dow Jones dropping roughly 650 points on Monday. Rod von Lipsey, the managing director at UBS Private Wealth Management, joins CBS News to discuss the impact the Federal Reserve's interest rate hikes are having on the markets.

The markets tumbled to kick off the new week, with the Dow Jones dropping roughly 650 points on Monday. Rod von Lipsey, the managing director at UBS Private Wealth Management, joins CBS News to discuss the impact the Federal Reserve's interest rate hikes are having on the markets.