Markets in Asia, Europe down after Dow plunges more than 500 points Thursday

This morning, markets across Asia and Europe are continuing the downward slide started by the Dow yesterday, which plunged more than 500 points Thursday.

Though many say that fear is propelling the market slump, others are worried the correction is an indication that the U.S. may be headed for a doube-dip recession. With jobs numbers scheduled to be released at 8:30am ET, how will the markets affect your money?

Matt McCall, Founder and President of Penn Financial Group, LLC discusses world markets and your money on American Morning today.