dick fuld's sun valley estate was expected to sell for a record $50 million. the auction was suddenly postponed. that story and much more ahead. pimm: let's turn our attention to welker. -- prices falling to $40.81. atnt crude in europe trading $46. how low will oil prices go? the former president of shell oil. he suggested the industry may be suffering from its own success and what comes next is anyone's guess. because itd to tell depends upon what global demand shapes of the be over the coming months. the industry is feeling the experience of its own success. based on forecasts back in the 2010-2011 timeframe, the industry invested billions and billions of dollars to meet global demand based upon globalion of growth. the global growth in demand not materialized because economies were not strong enough. in which wetuation are overproducing and no one wants to cut back because they want the cash that comes from the sale of oil to pay their loans or pay shareholders. to decrease production, which is only complicating the problem further. we've seen a minor take

betty: dick fuld is putting his estate in sun valley up for auction. 71 property includes acres.he compound includes three residential structures, the main house was service quarters, separate guesthouse with 11 bedrooms and 10 bathrooms. auctions expects the estate to bring in $50 million. in the mood for love. the ceo of the drug company making the first ever pill designed to lift a woman's libido. ♪ betty: women who lost that loving feeling will have a pink pill come october. the fda approved the medication to treat sexual dysfunction in women. pimm: this is the first fda approved treatment for sexual desire in women and comes after months of lobbying over the drug's effectiveness and side effects. sprout pharmaceuticals is the is bringing the pill to market. -- company bringing the pill to market. >> we will go out with a program. withll go forward physicians and health care providers and pharmacies and take them through education about addy. they will become certified. getting this right for women is important to us. it has benefits and risks, we want to educate the marketpl

matt: dick fuld's estate is on the auction block, set to cellrate record place -- sell for a record pricehealth insurance eventually pay people to kick the habit? insight from an e-cigarette executive. matt: good morning. pimm: we are 90 minutes into the trading day. let's take a look at how stocks are performing at selloff today across the board. s&p 500 down by 1%. .he dow falling 200 points nasdaq dec

okay, so you had lunch with dick fuld. >> yeah, his office reached out to me.guy because i've been a fixed income investor for a long time. first time i met him today. he's a fascinating guy. because everybody thinks he's gone into the shadows. he's got a whole bunch of deals in play right now based on his talents at what he knows including in the securities area. and i think -- i'll let him bring it up when he wants to. but he is very active right now. and i think some of these deals are going to come forward in the light and you're going to be intrigued at what he's brought forward. >> i'm not doubting anybody's intrigued. i just think you have to consider the low points of his career as well as the high points, don't you? >> what's interesting about dick is for a long time lehman was the hammer for fixed income globally. not here in new york. not in boston. everywhere. do you think he knows a few things? >> are we going to see an o'leary-fuld partnership here? >> look, i like him. i'm on the record. i met him for the first time. i like him a lot. he's a very