It looks like the White House’s decision to drop out of a Saudi economic conference is causing a drop on Wall Street.
The Dow dropped 400 points after it was announced that Treasury Secretary Steve Mnuchin would be skipping the conference hosted by Saudi Arabian Crown Prince Mohammad Bin Salman.
Experts say tensions between the U.S. and Saudi Arabia over missing journalist Jamal Khosheggi are only part of the reason for the drop, along with concerns about China and Italy.
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