Commodity Prices Tank

Friday, May 06, 2011

A trader signals an offer in the corn options pit at the CME Group March 15, 2011 in Chicago, Illinois. U.S. stock and commodity prices tumbled following a sharp drop in Japan’'s stock market. (Scott Olson/Getty Images/Getty)

Commodity prices tanked on Thursday, as oil fell 8.6 percent and silver dropped 8 percent. This comes after disappointing economic reports showing that consumers are spending less due to rising food and energy prices, and business are hiring at a slower pace. We talk with The New York Times Wall Street and finance reporter Louise Story about the volatility of the commodities market.

Guests:

Louise Story

Produced by:

Arwa Gunja

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