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Why do the markets keep falling? >> reporter: it's all about oil, jake. plunging oil prices taking a toll on investors today yet again. oil falling almost 4%, settling below 58 a barrel. the international energy agency saying global demand for oil is going to fall next year as supply is growing. what's rattling wall street is the question of what's really behind this drop in oil prices? the concern is because economies in europe and asia are slowing down. and you look at the plunge in oil over the past six months. it's happened really fast making investors very nervous. if you drive, you love ...

3.99. in the stores it's 5.99. 6.99. chicken is 1.89 a pound, in new york, it's got be 4.99 a pound. so it's 50% at least. >> and a couple hundred thousand people or your web site, and you're in almost every state. >> we're in the lower 48. we have a 375,000 customers right-hand side the country, and we're -- around the country and we're growing quickly. >> tell me more about this. it's july 4th. is that's part of your american dream? did you start out thinking i'll be a business owner and beef is the way to go? a drive-through meat market. >> this is the answer, yes. no, i actually four years...

Can it hold on after a impact of spending cuts that kicked in on friday. i'm sure teddy will have more on that. ben bernanke is saying the sequester triggered cuts. they could have cut at least half a point from the gdp for 2013. some are even saying it was the fed in the first place who helped push the dow to a record. interest rates still at record lows thanks to the fed's bond-buying program. that helped stimulate borrowing and job creating, and neil, today, the yield on this ten-year u.s. treasury note, while the dow hit an all-time high-was at 1.89%, and, neil, as i wrap this up, five sto...

We talked about your psychologist talked about it. mitt romney really does have a challenge connecting to people but his issues are right. i disagree with chris on that. his issues should be about the economy. unemployment is higher. a gallon of gas is $4 a gallon. it was $1.89 when he took office. there is a $16 trillion debt of what he added $4.5 trillion. these are huge issues fundamental to the future of our country and mitt romney needs to address those passionately. i've seen him do it. if he does it he can win this race in november. >> good to have you on the program. thank you very muc...

First year, stephen. >> what did you say? >> after six round of tax increases. we raised taxes in '82, '83, '84 and '86. >> did reagan cut taxes or raise them? >> he cut them in one year and then raised them in six years. >> the rates came down from 78% to 28%. that's a pretty big reduction in rates. the point i'm making, norm. i think you would agree with this. i do want more tax revenues to come in. we're not going to reduce this deficit just by fiscal triage and just cutting all these programs. we need to also have a lot more revenues and the way to do that is to increase the economic growt...