Oil Resumes Weakness, China Stocks Plummet on Slower Growth

Oil traders are back from the Christmas holiday and sending prices back down again. The worry is China, which reported slower growth than expected, that sent the major indexes in China to their worst day in a month. Meanwhile, Disney's (DIS) 'Star Wars: The Force Awakens' has become the fastest movie ever to reach $1 billion in box office sales. It reached the mark Sunday, 12 days after release. That beats the previous record held by 'Jurassic World'. 'Star Wars' has yet to be released in China. Federal Express (FDX) missed some Christmas deadlines for delivering packages. The Wall Street Journal says is it playing catch up finishing deliveries held up by the weather. The economic data calendar is light today with the Dallas Federal Reserve releasing manufacturing data. President Obama is vacationing in Hawaii and Congress is in recess. The U.S. Treasury is auctioning $26 billion in 2 year notes.