El-Erian: Important to draw lessons from Nasdaq

Friday, 23 Aug 2013 | 8:41 AM ET

Mohamed El-Erian, CEO and co-CIO, PIMCO, says it's important to draw lessons from yesterday's Nasdaq debacle. He also addresses the "wedge," and whether the underlying economy is strong enough to withstand its removal. He also addresses the current situation in Egypt and the Middle East.