This is the cbs evening news with scott pelley. Pelley good evening. We saw something today we havent seen since the dependents of the great recession. The price of oil fell below 50 a barrel. It ended the day at 50. 04, the lowest close since spring of 2009. Have a look at this. Just since june of last year, the price of oil has dropped by more than half. No one knows when the slide will end. On wall street, the dow fell more than 300 points. The s p nearly 38. In beth cases a loss of nearly 2 . Elaine quijano is looking into why investors are worried. Reporter today marked the worst drop in the dow and s p since october. Analysts and traders say there was no one particular reason, but the continued freefall in oil prices played a major role. Bill stone is chief investment strategist for pnc wealth management. Why are the markets tanking . Oil did breech a kind of psychological barrier going below 50 a barrel. When you see oil fall that much, historically that has been associated with
Pelley good evening. We saw something today we havent seen since the dependents of the great recession. The price of oil fell below 50 a barrel. It ended the day at 50. 04, the lowest close since spring of 2009. Have a look at this. Just since june of last year, the price of oil has dropped by more than half. No one knows when the slide will end. On wall street, the dow fell more than 300 points. The s p nearly 38. In beth cases a loss of nearly 2 . Elaine quijano is looking into why investors are worried. Reporter today marked the worst drop in the dow and s p since october. Analysts and traders say there was no one particular reason, but the continued freefall in oil prices played a major role. Bill stone is chief investment strategist for pnc wealth management. Why are the markets tanking . Oil did breech a kind of psychological barrier going below 50 a barrel. When you see oil fall that much, historically that has been associated with a significant economic downturn. The difference
This hasnt changed much in the last hundred years both out here and in here. Designing something custom made. Right. For these three kids. Yeah. One room school houses. Yes, we still have them. And valuable lessons we can all learn about education for what happens ip these small classrooms. Later on sunday morning. The war to end all wars did not live up to that promise. Marcia teichner will take us back to the trenches to mark the an verse of the start of world war one. We would have not much stronger than a lawnmower. Believe it or not during world war one it would have been terrifying the definition of modern warfare. Between 1914 and 1918, 8. 5 million soldiers died a century ago today, the war that redefined war had just begun. Later this sunday morning, we look back. Osgood as the star of the pop pew par Steve Buscemis career is hot, but hot is something he knows how to handle. Tracy smith will have our sunday morning profile. You are going down youre not taking me with you. Befo
This hasnt changed much in the last hundred years both out here and in here. Designing something custom made. Right. For these three kids. Yeah. One room school houses. Yes, we still have them. And valuable lessons we can all learn about education for what happens ip these small classrooms. Later on sunday morning. The war to end all wars did not live up to that promise. Marcia teichner will take us back to the trenches to mark the an verse of the start of world war one. We would have not much stronger than a lawnmower. Believe it or not during world war one it would have been terrifying the definition of modern warfare. Between 1914 and 1918, 8. 5 million soldiers died a century ago today, the war that redefined war had just begun. Later this sunday morning, we look back. Osgood as the star of the pop pew par Steve Buscemis career is hot, but hot is something he knows how to handle. Tracy smith will have our sunday morning profile. You are going down youre not taking me with you. Befo
This hasnt changed much in the last hundredrs both out here and in here. Designing something custom made. Right. For these three kids. Yeah. One room school houses. Yes, we still have them. And valuable lessons we can all learn about education for what happens ip these small classrooms. Later on sunday morning. The war to end all wars did not live up to that promise. Marcia teichner will take us back to the trenches to mark the an verse of the start of world war one. We would have not much stronger than a lawnmower. Believe it or not during world war one it would have been terrifying the definition of modern warfare. Between 1914 and 1918, 8. 5 million soldiers died a century ago today, the war that redefined war had just begun. Later this sunday morning, we look back. Osgood as the star of the pop pew par Steve Buscemis career is hot, but hot is something he knows how to handle. Tracy smith will have our sunday morning profile. You are going down youre not taking me with you. Before h