Stocks melt down as oil outlook crumbles
On Friday, oil broke $40/barrel for the first time since 2009. The oil price decline gained momentum earlier this week after the Energy Information Administration reported a larger than expected build in crude inventories last week. Ameera David weighs in. Ameera also sits down with Marin Katusa – chairman of Katusa Research and author of "The Colder War: How the Global Energy Trade Slipped from America's Grasp” – to talk about oil.
After the break, Bianca Facchinei takes a look at the growing migrant crisis in Europe. Ameera and Erin Ade then discuss how Mexico and Canada are dealing with struggling oil prices. And in The Big Deal, Ameera and Edward Harrison talk markets, where stocks suffered huge losses.
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