Oil Prices Continue to Slide, Dragging Stocks With Them

Oil prices resume their months long slide as crude oil fell below $35. The pressure on oil prices is dragging stocks along with it. Meanwhile, Jim Chanos has a warning for OPEC members-pump oil now because it may not be worth much in 15 years. Chanos says he is long term bearish on oil because of the rise in solar and the advent of the electric car. Goldman Sachs (GS) is sticking with its prediction that crude oil will have to fall to $20 before U.S. production will be forced to slow down. Amazon (AMZN) is reportedly in talks to lease 20 cargo planes to build its own overnight air operations. The Seattle Times says the goal is to avoid shipment delays that have happened with FedEx (FDX) and UPS (UPS). Apple (AAPL) has reached an agreement with 15 banks to bring Apple pay to China. Richmond Federal Reserve Chief Jeffrey Lacker speaks today. It's also quadruple witching day, which can lead to more volatile markets.