Coronavirus Crash? Stock Market & Oil Market Crash on the Same Day
On today's episode of Loud & Clear, Brian Becker and John Kiriakou are joined by Dean Baker, the co-director of the Center for Economic Policy and Research.
Chaos reigned on Wall Street today as trading was halted just 12 minutes into the session with the Dow Jones Industrial Averages down over 2,000 points. Meanwhile, an oil pricing war between Russia and Saudi Arabia couldn’t have come at a worse time for producers as prices took their biggest fall since the outbreak of the 1991 Gulf War. The price of West Texas Crude fell below $30 for the first time in 29 years.