Tanker bids reopened;US stocks slump

(02:02) Report

Jul. 9 - The Pentagon reopened bidding on an aerial refueling tanker; stocks continue recent slide.

The Pentagon will hold a new competition for the $35 billion dollar aerial refueling tanker contract.

Meanwhile the markets extended their downward spiral, pushing the S&P into bear market territory.

Bobbi Rebell reports.

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