U.S. crude oil fell below $28 dollars a barrel today. Oil prices have dropped more than 20 percent this year, and it's only January.
Stocks around the world also fell. The Dow and Nasdaq both dropped more than 2 percent in the morning, and the Stoxx Europe also fell around 2 percent.
Here & Now's Robin Young looks at what's happening with CNN's Maggie Lake.
This segment aired on January 20, 2016.