Power Breakfast: UK Political Turmoil Roils Global Markets, Japanese Yen Plunges to 32-Year Low Against US Dollar

On Friday, Dow Jones fell 400 points to close at the day's low. The S&P 500 lost 2.5% and the Nasdaq dropped 3%. The 10-year bond yield jumped over 4%. Recession worries dominate the market. The market was affected by the political turmoil in the UK. Japanese yen touched a 32-year low against the US Dollar.