Stocks snap winning streak | Something scary a year from now? | The passing of a legend

Paul Volcker, the Federal Reserve chairman credited with ending runaway inflation, has died at age 92.

VIEW IN BROWSER | SUBSCRIBE MON, DEC 09, 2019 EVENING BRIEF AS OF MON, DEC 09, 2019 • 04:03 ET DJIA 27909.60 -0.38% -105.46 S&P 500 3135.97 -0.32% -9.94 NASDAQ 8621.83 -0.40% -34.70   Most Active DOW NAME LAST CHG %CHG AAPL 266.92 -3.79 -1.40% CSCO 43.90 +0.06 +0.14% MSFT 151.36 -0.39 -0.26% S&P 500 NAME LAST CHG %CHG M 15.48 +0.33 +2.18% AAPL 266.92 -3.79 -1.40% FCX 12.10 +0.46 +3.95% NASDAQ NAME LAST CHG %CHG AAPL 266.92 -3.79 -1.40% AMD 38.93 -0.70 -1.77% CMCSA 43.89 -0.35 -0.79% EDITOR'S NOTE Sometimes, the medicine can be deadlier than the disease, but sometimes the doctor prescribes it anyway.   Paul Volcker, former Federal Reserve chairman under Presidents Jimmy Carter and Ronald Reagan, treated runaway inflation with interest rates that topped 20%. Critics said he was killing the economy, but in time he destroyed a metastasizing threat we've never had to endure again. He died a legend on Sunday at the age of 92.   "Volcker believed not just in the power of markets, but in the corresponding power of the government's duty to make sure that those markets work for everyone," said former President Barack Obama, who relied on Volcker for guidance in the aftermath of the 2008 financial crisis.   Killing inflation almost killed the housing market. CNBC's Patti Domm writes about a time when "people thought they'd never buy a home again." Former Fed Chairman Alan Greenspan on Monday called Volcker "the most effective chairman in the history of the Federal Reserve."   Stocks were down slightly on a day that offered little in the way of market-moving financial or economic news.   All eyes on are progress of the U.S.-China trade deal. CNBC's Jim Cramer says investors aren't prepared for the possibility that President Donald Trump walks away from an agreement after China announced plans to remove foreign hardware and software from all state offices.   Trump, said Cramer, feels "prodded by the Chinese, humiliated."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow falls for the first time in four days, Apple shares slip Paul Volcker, the Carter-Reagan Fed chairman who beat inflation, dies at age 92 When Volcker ruled the Fed, 'people thought they'd never buy a home again' Investors are terrified of something a year from now and they're placing bets to hedge themselves We still don't know what caused the Wall Street cash crunch earlier this year Amazon blames Trump for losing $10 billion JEDI cloud contract to Microsoft Morgan Stanley is cutting jobs due to uncertain global environment, sources say Silicon Valley's new focus on profits could make millennial lifestyles more expensive Google under investigation for 'Thanksgiving Four' firings, discouraging unions Morgan Stanley says overpriced growth stocks are the market's 'greatest risk'     TOP VIDEO Watch CNBC's full interview with Coca-Cola CEO James Quincey   CNBC PRO Apple will lose market share in China during the transition to 5G, analyst says   SPECIAL REPORTS Here's why Tesla is a 'faith stock,' according to trader Don't count out a 2020 rate hike: Wells Fargo's Michael Schumacher   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS