Watch CNBC Anchor’s On-Air Reaction After Dow Drops Whopping 1,000 Points After Opening Bell: ‘Uh, Scary’

As the Dow Jones industrial average plummeted during the opening minutes of trading Monday, financial news reporters struggled to make sense of what was happening.

CNBC anchor David Faber stammered through Monday morning's report, saying that he needed to "make some phone calls."

Image source: YouTube

"These are enormous moves, and, of course, when you see these kinds of moves, people, it becomes self-fulfilling and then everybody is just like, ‘Alright, I mean, even though I see real value there, I’m not going to take a shot,’" Faber said as he narrated what was happening. "Verizon’s backed off a bit now. It’s down now only 9.8 percent, but some of these moves are dramatic and enormous and, uh, scary."

Later on, when CNBC's Jim Cramer drew comparisons between Monday's situation and a market dive in 1987, Faber responded with, "I’m going to make a couple of phone calls. I think I should do that."

U.S. stocks plummeted as part of a ripple effect from a massive drop in Chinese stocks that was felt across the world. The Dow initially dropped 1,000 points after opening, one of the steepest drops in recent years, before partially rebounding.

Watch the tense CNBC segment below:

(H/T: Mediaite)