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Of the world. And with this chaos in the shanghai markets, there are worries the chinese dont have a handle on their own economy right now, scott. And anthonynythe chinese are also the second Largest Consumer of crude oil in the world. And youve been looking into the impact of that. Reporter yeah. Crude, scott, hit a 12year low today. 33 a barrel. The price has fallen by nearly half just since may, when it was 60. If you drive to work, its like a huge tax break, but its pretty painful if you work in the oil industry in houston. Theres just too much supply now. And if china continu to slow, there will be less demand and gas prices could stay low for a while, scott. Anthony mason, thank you very much, anthony. The folks at dow jones told us today that the plunge this week in the 30 blue chip stocks alone represents a market value loss of nearly 260 billion. Well, ted cruz is watching his stock rise, in iowa. The republicananrontru ....
Our Senior National correspondent Anthony Mason is following all of this. Anthony . Reporter scott, it was a painful day to check your 401 k . The dow is down more than 900 points since monday, thats more than five percent. The catalyst for the selloff once again was china. The Chinese Market shut down after less than half an hour this morning after plunging 7 . It was the second shutdown this week. Investors are worried the chinese economy is slowing. Gdp growth, which hit 12 five years ago, is now below 7 . If chinas in trouble, that could mean trouble for the rest of the world. And with this chaos in the shanghai markets, there are worries the chinese dont have handle on their own economy right now, scott. Pelley and anthony, the chinese are also the second Largest ....
This is the cbs evening news with scott pelley. Pelley retirement accounts are taking a big hit. Today for the third time the dow suffered a tripledigit loss, 392 points, this time, or 2. 3 . Investors are worried that the chinese economy, second largest in the world, is slowing more than the Chinese Government is letting on and that the governments haphazard attempts to intervene in its markets and devalue its currency are giving the impression that it doesnt know how to manage the trouble. Our Senior National correspondent Anthony Mason is following all of this. Anthony . Report scott, it was a painful day to check your 401 k . The dow is down more than 900 points since monday, thats 500 . The catalyst once again was china. The Chinese Market shut down after l ....
From maine to maui, thousands of High School Students across the country are getting in on the action by volunteering in their communities. Chris young action teams of High School Students are joining volunteers of america and Major League Baseball players to help train and inspire the next generation of volunteers. Carlos pea its easy to start an action team at your school so you, too, can get in on the action. If you were a hippie in the 60s, you need to know. Its the dawning of the age of aquarius. Yeah, and Something Else thats cool. What . Osteoporosis is preventable. All osteos preventable . Right on if you dig your bones, protect them. All cbs cares today, we saw new evidence civil war has not lessened, even after five years. A town is bein ....
Will be right back. On the president ial campaign trail, it was standing room only in burlington, vermont for Donald Trumps latest campaign rally. He continues to hammer rival ted cruz for being born in canada. He said he should go before a qualified to be president. Major garrett was with the Cruz Campaign in iowa. Reporter ted cruz has argued nine cases before the united state supreme court, graduated with honors from Harvard Law School and was once a collegiate debate champion. None of that has prepared him for thbirther debate now raging with donald trump. Or for trumps unsolicited legal advice. I dont like the issue. I dont like bringing it up. Reporter against all evidence, donald trump claims an aversion to birtherism. Im doing this for the good of ted because i like him and he likes me. Reporter but for cruz, b ....