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The fate of the long-struggling Market East commercial corridor is shaping up to be a defining issue of Parker's tenure.

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Giles: Thank you. So what are the options available to retail investors that want to get into private assets today?

The Dow Jones Industrial Average ( ^DJI) sank about 1.6%, or close to 700 points, while the S&P 500 ( ^GSPC) also fell 1.5%.