The Chinese stock market stumbled on the first trading day of 2016, and it had a domino effect on global markets.
Trading was halted on the Chinese exchange after losses triggered a new, "circuit breaker." This triggered sharp declines in European and US markets. The Dow, S&P 500 and NASDAQ all ended the day down.
What do China’s market woes mean for everyday Americans?
Take Two put that question to Carl Riccadonna, chief US economist for Bloomberg.