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The length of the sell-off matters as much as the extent of the sell-off: Mohamed El-Erian

Mohamed El-Erian, Allianz chief economic advisor, joins 'Closing Bell' to discuss what the spike in coronavirus cases in Europe and United States means for markets and the economic recovery. There's a 50/50 chance of Europe going into a recession, says El-Erian. The reason it isn't higher is because of Germany and its manufacturing sector. But Italy, France, the U.K. and Spain are going to see a double-dip recession, and that's bad news.
06:36
Wed, Oct 28 20203:44 PM EDT

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