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Global stocks tumbled, with markets in Asia losing all of their year-to-date gains, as China declared it's "not afraid" of an escalating trade war with the United States following President Trump's decision to target $50 billion in China-made goods.
Despite lobbying hard for changes, the pharmaceutical industry is going to cover more costs regarding Medicare Part D in the $1.3 trillion budget that needs to pass by Friday.
Stocks fall sharply on Thursday after Donald Trump announced a trade action against China that could be worth $60 billion.
Real Money stock picks from Tim Collins, Skip Raschke, Jim Collins and Bret Jensen.