" Major economic warning signs as markets plummet"

Christine Romans is here now live for us, and Christine, walk our viewers through what's happening. Tom, new lows for the year today and substantial losses. Let's look at the Dow from its high before the war with Iran began, now down more than 10 percent. That's called a correction. Why? Growing concern among international experts. The damage to the world's energy infrastructure has been grossly underestimated and will take years to rebuild. U.S. crude oil surged to $101 a barrel today, as there's no telling when that critical strait of Hormuz will be open again. And mortgage rates now up to 6.64 percent, on the sense the Fed will have to raise rates to fight inflation. And, Tom, this caught our attention. With stocks down so much, Campbell's, known for affordable soup, was up a dollar a share today. But some might call a trade anticipating tough times ahead as people switch to cheaper choices. You were right about those warning signs. All right, Christine, we thank you for that. We thank you for watching. And remember, stay updated on breaking news and top stories on the NBC News app or watch live on our YouTube channel.