This is CBS I on the world with John Bachelor.

Here's John Bachelor.

After Labor Day in the markets, I welcome Elizabeth Peak, columnist to the Hill,

Comist at Fox News, much on Fox Business.

We have a headline from the Wall Street Journal that requires explication.

Stocks tumble, yes, oil prices decline.

What? Oil prices declining means cheaper at the pump.

Every penny of reduction I've been taught

is a tax break for the American people.

Good for the American people.

But, Liz, a very good evening to you.

Buller Bear, Buller Bear, we go back and forth.

We have the Federal Reserve, the old Fed put,

coming to Bear this month with a promise cut.

But all prices are declining.

Why does that lead to a sell-off if there is any relationship whatsoever?

Good evening to you.

Good evening, John. It sounds puzzling to be sure, because you're quite right.

Lower oil prices means lower gasoline prices which

certainly is more money in people's pockets but it also is a byproduct of an

incredible weak economy in China and I think I was thinking this

morning that this is one of the greatest stories about the world economy

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