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Twoweek start to a year ever. The dow lost more than 390 points today all the major indices fell more than 2 . Analysts blame the selloff on another big drop in oil prices. Crude oil closed below 30 a barrel for the first time in 2003. John terret joins us. John this is the latest big drop in oil and big drop in stocks. A spree for commodities traders, today u. S. Stocks sold off across the board on friday. The reason wall street is worried that too many Commodity Companies will go belly up now that oil is in the bargain basement. A sea of red driven by an ocean of black. Investors are scared the low price will damage the Global Economic recovery. Terrible start to the day terrible start to the year, the selling is universal but today the stocks that did so well last year got hit more than the usual stock. The problem is theres a glut of oil thats why its so cheap, deva ....
U. S. Stocks down nearly 391 points today. The first two weeks of 2016 have been devastating for wall street. It is tied to the plunging price of oil. The world hasnt seen such cheap oil in more than a decade. Thats putting all kind of pressure on countries and economies that rely on petroleum production. John explains the downside. Who would have believed we would talk about this story in u. S. Stole off because wall street is worried too many Commodity Companies will go bellyup now that oil is in the bargain basement. At the new york stock exchange, a sea of red driven by an ocean of black. Cr crude oil so cheap and plentiful investors are scared the low price will damage the Global Economic recovery. A terrible start to the day, terrible start to the year. The selling is universal. Today, the stocks that have done so well last year were up a lot more than the average ....
Another series of tornados tearing through the south, killing 12 people. This is video that shows the power of those storms hitting the area. This is a massive twister that touched down near tupelo, mississippi. Erika pitzi reports. I just remember hearing my dad yell, please god just save my family. And he did. He did. Reporter the deep south took a big hit from the slow moving tomorrow system that has already assaulted several states. A powerful tornado claimed lives in lime stone, county, alabama where the twister ripped apart homes. 12,000 people lost power. Outside of birmingham, lightning lit up the sky just before another tornado touched down and took out this small town church. In mississippi multiple funnel clouds like this one formed. A county hospital got hit, with cars in the parking lots toed around like toys. We heard the train coming, we got our employees and what patients we had in the clinic in the safest place we would get. We honestly felt gods hand of protection aro ....
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