At the close, it was down 390, putting the index below 16,000. Senior National Security correspondent Senior National correspondent, i should say, Anthony Mason is joining us now. Anthony, whats going on . Reporter all three major indexes, scott, are now in correction territory. Thats down 11 or more from their recent highs, as worries about Global Growth have spread, stocks around the world have lost 5. 7 trillion in value just this year. Oil prices are worrying wall street. Crude, which fell to 29 a barrel, a 12year low, is down more than 70 over the past 18 months. Theres just too much oil. The world is using 95 Million Barrels a day but suppliers are pumping nearly 97 million, and in fsanctions on iran are lifted, more oil will floot floodon to the market. Thats good news for gas prices. A gallon of unleaded has dropped to 1. 92, almost half what it and theres no floor in sight for oil prices yes, or for this market. Even strong jobs numbers last week couldnt but put the brakes on
Correspondent, i should say, Anthony Mason is joining us now. Anthony, whats going on . Reporter all three major indexes, scott, are now in correction territory. Thats down 11 or more from their recent highs, as worries about Global Growth have spread, stocks around the world have lost 5. 7 trillion in value just this year. Oil prices are worrying wall street. Crude, which fell to 29 a barrel, a 12year low, is down more than 70 over the past 18 months. Theres just too much oil. The world is using 95 Million Barrels a day but suppliers are pumping nearly 97 million, and in fsanctions on iran are lifted, more oil will floot floodon to the market. Thats good news for gas prices. A gallon of unleaded has dropped to 1. 92, almost half what it was 18 months ago. And theres no floor in sight for oil prices yes, or for this market. Even strong jobs numbers last week couldnt but put the brakes sure what will. Pelley this is all reminiscent of 2008 when the markets crashd and froze up. Any chanc
Worst start to a new year ever. One market expert put it bluntly today investors are scared to death. As Oil Prices Fell to levels not seen in more than a decade, investors dumped stock, and at one point, the dow was off more than 500 points. At the close, it was down 390, putting the index below 16,000. Senior National Security correspondent Senior National correspondent, i should say, Anthony Mason is joining us now. Anthony, whats going on . Reporter all three major indexes, scott, are now in correction territory. Thats down 11 or more from their recent highs, as worries about Global Growth have spread, stocks around the world have this year. Street. Crude, which fell to 29 a barrel, a 12year low, is down months. The world is using 95 Million Barrels a day but suppliers are pumping nearly 97 million, and in fsanctions on iran are lifted, more oil will floot floodon to the market. Thats good news for gas prices. A gallon of unleaded has dropped to 1. 92, almost half what it was 18 mo
P [ no audio ] p morning. Pforecast details coming up. Pmark. P mark jeff, thanks. Pso these conditions they put peverybody on edge. Pits tough to stay warm. P yes. Plocal fire and ems crews have palso been busy in this cold. Pdenise zarrella is live in pcleveland with the cold weather pemergencies. Pdenise. P Denise P Denise were here at pcleveland headquarters where pthey have some calls. Pit appears it got cold so fast pit definitely caught some people poff guard. Pdieja woods push her son to the plibrary. Pthe temperature at the corner of peuclid reads 7 degrees pfahrenheit. P we bundled up. Pwe put on all layers. Pwe put on a lot of layers. P denise its so cold that pthey took a ride. Pspokesperson says there have pbeen a few calls. P people have been out in this ptype of weather for a longer eriod of time than they should phave been and they had periods pof distress with hands being pvery, very frozen, semi frozen, pand people having their feet pfeeling like their feet is being p
Tapers off tomorrow morning. More details coming up about what that means for us tomorrow night through thursday and a warmup for a couple dayst over the next week. Fox 8 the official School Closing station with closings and delays onair, online. Fox 8 news is the only new show that h starts at 4 00 a. M. 19 found video of a wild struggle on rta bus. While the bus driver and while bystanders did not do as ed gallek is here with some revealing pictures of. Struggle continued for 10 minutes, it was 10 minutes a man address attacking a bus driver for when i cannot for not do not and rta bus driver finds himself under attack and before long, alone, the passengers were gone, and the bystanderson just watching. Last month, at east least 116 th and union, police say Derrick Henderson try to get on with expired prayer card. The driver is attacked and passengers are moving to the back, the driver isov hoping for help in some and some passengers were shouting that the others were complained abou