Live Breaking News & Updates on Calpers Anne Simpson

A lifetime contract. We are half an hour into the trading session. It has been quite a big cello around the world. Matt miller has the latest. Matt im looking at oil prices, especially. Crude, not only nymex crude, started dropping precipitously around 7 00 this morning. Brent is also down. West texas intermediary, you can see the big drop that we had to 36. 85. We bounced up a little. Brent came down earlier and drop to below 40 a barrel. Both of these products, commodities, are down till those that we have not seen since february of 2009. Brent had a bounce it is now at 40. 39. I graphed a spread. Even see it is getting tighter and tighter. The less of a difference and they are correlating more. Betty stocks are moving in tandem with the slide were seeing in oil. Matt stocks have come down for the third day in a row. Looking at the major averages. We have recovered a little. We are off 1 of the Dow Jones Industrial average ....

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