scott cohn up with a special report. let's meet today's starting lineup. pete, jon, weiss, murphy here with us today and we do begin with the fresh concerns over china's economy and its impact on our markets here at home. you may have noticed the commodities have been getting crushed this week. oil is at a one-month low. iron over has been slammed. copper has been in free-fall. soybeans selling off. from stock markets around the globe are taking notice so, too, is our panel. pete, how concerned should we be because i don't feel there's any concern about what's going on in china. >> you are seeing some concern, scott, reflected by the volatility, the way the volatility index itself has been volatile. we've been 14, 16, bouncing back and forth across those levels. i think very importantly you do want to watch what's happening with copper. when you see copper just late in week last week trading closer to 320. now we're dipping underneath $3. the $3 level is a mindset area that we want to keep an eye on. we're just barely underneath that at 297. >> copper is at four-year lows.