Former President Bill Clinton at the Bloomberg Global Business Forum Wednesday:

"I want you to look to the future, but I believe underneath all these debates that are going on today lingers one simple question. We all know we live in an interdependent world... it's been good to us and a lot of people we know. ... It's not whether we are able to roll back the biggest threats of climate change, or able to help education and humanity, its the way we are able to think about these things. ... The most important thing is whether you believe social strength, economic reform and political reform flow from division or multiplication..."

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Stocks close down more than 3%

Photo: Alexi Rosenfeld via Getty Images

Stocks took a hit on Wednesday, with the S&P 500, Dow Jones Industrials Average and Nasdaq dropping more than 3% across the board.

Why it matters: The volatility is a break from the stock market grinding higher in the face of spiking coronavirus cases, a stalling economy and gridlocked negotiations over an additional stimulus package.

Zeta, now a Category 2 Hurricane, closes in on Louisiana coast

The probable path of Zeta, per the National Hurricane Center. Photo: NHC/NOAA

Zeta strengthened on Wednesday afternoon, on track to make landfall along the southeastern coast of Louisiana by the afternoon as a "significant" Category 2 hurricane, per the National Hurricane Center.

The state of play: Zeta is producing 100-mph maximum sustained winds and stronger gusts. The storm is gaining strength as it heads northeastward at 20 mph. Louisiana Gov. John Bel Edwards (D) requested a pre-landfall Emergency Declaration in a letter to President Trump on Tuesday.