Global markets are getting crushed

It's a sea of red on Thursday, with stock and bond markets around the world taking big losses amid mounting investor uncertainty.
US stocks saw weakness across the board after the release of economic data that was weaker than expected. Private payrolls rose less than expected while job creation in May was revised downward. In addition, initial jobless claims unexpectedly jumped, adding to an increasingly murky US economic picture.
The S&P 500 dropped 0.5% at 11:05 a.m. Eastern, whi