The Baidu Trade Into Earnings Tonight

Lets go over the one huge macro issue that Baidu is staring in the face right now; the elephant in the room so to speak.  It's whats going on in the Chinese markets right now.  The worst sell-off today in over 8 years is what has hammered Baidu today going into its June quarter earnings this afternoon after the close of trading.  ( i am long BIDU, GOOGL, options)