caltex one of the major oil prices down lower. the bloomberg commodity index tracks all this. how is looking? juliette: this takes into fromnt the loss or gain holding futures contracts as well as the performance of the commodities. when you look at the gates there reflects the price in changes it was down to its lowest level since 2009. we can say that commodity selloff is coming through everywhere. it has -- even gold is being sort -- sold off. -- bailing feeling out of commodities, not just the equities. angie: joining us now from singapore, the chief asia economies.t mizuho with this route is reflecting his investor concern about global growth, right? when you look at the fundamentals around the globe, the u.s., china. do you see that it is warranted? is mostly the it concern about the chinese economic slowdown. i think all this demand from china in the past three years, we have seen a clear slow down now from everything in the front car to commodities. they are worried about the chinese slowdown and in addition, the policymakers' ability to arrest the slow down and to be

they called it caltex.was the pre-opec era, when seven private oil companies, the seven sisters, controlled most of the world's crude reserves and productions. in 1984, with the industry's big players starting to consolidate, socal bought gulf oil in what was the largest takeover ever. the new company took its name from the old socal brand -- chevron. before long, megamergers were the norm. bp snapped up amaco and arco. exxon acquired mobil. chevron purchased texaco in 2001 and unocal in 2005. now it is one of the world's most profitable companies, with earnings of almost $20 billion year and a market cap of $200 billion. there is a lot that chevron shares with the other major producers beyond profits and a standard oil ancestry. it is frequently the target of protests over climate change, environmental damage, and human rights violations in developing countries. [chanting] >> chevron. >> guilty. >> chevron. >> guilty. erik: there is even an international anti-chevron day. plus, chevron ranks up there among