Stocks Slide To Session Lows After Chatter Over "Urgent Matter" With "Destabilizing Russian Military Capability"

Update (1245 ET): 

Sources have informed Haley Britzky, a Pentagon correspondent for CNN, that Russian capability is "highly concerning and destabilizing." 

Remember, it's an election year. Time for the federal government to amplify fear.

Here's what some X users are saying:

And what might that capability be, hypersonic weapons? 

*   *   * 

The chair of the House Intelligence Committee has been warning this week that time is running out for Ukraine in its fight against Russia as Ukraine aid remains up in the air. 

On Wednesday morning, House Intel Committee Chair Mike Turner released this statement: 

"Today, the House Permanent Select Committee on Intelligence has made available to all Members of Congress information concerning a serious national security threat.

Turner's statement continued: 

"I am requesting that President Biden declassify all information relating to this threat so that Congress, the Administration, and our allies can openly discuss the actions necessary to respond to this threat."

More on what this "national security threat" could be about. 

Jake Sullivan, the national security adviser, told reporters that he had already scheduled a classified meeting with congressional leadership before a top House Republican requested that President Joe Biden "declassify all information" that relates to "serious national security threat," according to ABC News. 

"I am confident that President Biden, in the decisions that he is taking, is going to ensure the security of the American people," Sullivan said.

Meanwhile, the president suffers from memory issues... 

And this statement by Turner could've been the catalyst that spooked stocks earlier.

Notice the selling programs that were triggered. 

Meanwhile... 

*Developing