In today's video, Bill Baruch, president of BlueLineFutures.com, breaks down the action across macro markets as we see the euro below parity against the dollar, weak China activity, and stocks sliding ahead of Jay Powell's speech at Jackson Hole starting on Friday.

After a sharp sell-off in crude oil earlier this morning, Saudi Arabia came out entertaining the possibility of an output cut.

Learn more about Bill Baruch at Blue Line Futures.