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NYSE trader: A China market crash doesn't worry me as much as a trade war

Alan Valdes of Silverbear Capital joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.

Here's the performance of the Dow Jones Industrial Average components (plus GE) as of 1:00 pm ET:

GE General Electric Co 3.17%

CVX Chevron Corporation 1.84%

XOM Exxon Mobil 1.63%

DIS Disney (Walt) Co 1.15%

WMT Wal-Mart Stores 1.10%

DWDP DowDuPont Inc 0.94%

BA Boeing Co 0.91%

CAT Caterpillar Inc 0.80%

GS Goldman Sachs Grp 0.58%

UTX United Technologies 0.51%

CSCO Cisco Systems 0.52%

AAPL Apple Inc 0.49%

VZ Verizon Communications 0.43%

WBA Walgreen Boots Alliance Inc 0.36%

UNH UnitedHealth Grp Inc 0.25%

MMM 3M Co 0.15%

V Visa Inc 0.09%

JNJ Johnson & Johnson 0.09%

AXP American Express Co 0.08%

HD Home Depot Inc 0.08%

PG Procter & Gamble Cc 0.05%

KO Coca-Cola Co 0.01%

TRV The Travelers Companies Inc -0.02%

PFE Pfizer Inc -0.11%

IBM Intl Business Machines Corp -0.23%

MSFT Microsoft Corp -0.23%

JPM JPMorgan Chase & Co -0.34%

MRK Merck & Co -0.52%

INTC Intel Corp -0.79%

NKE Nike Inc Cl B -0.98%

MCD McDonald's Corp -1.54%