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Johnson: China Woes Not Threatening U.S. Fundamentals--Yet

China may be the proximate cause of the recent stock market carnage, but Morningstar's Bob Johnson doesn't see signs yet that the country's slowdown is having an impact on the fundamentals of the U.S. economy.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser.

We're seeing further carnage in equity markets today. I'm here with Bob Johnson, our director of economic analysis, to look at some of the data that could be underlying the weakness.