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>> reporter: gunshots heard in the background. officers calling for backup. all of it playing out on live tv. >> a tense situation. >> reporter: the city's elite strike force moving in with an armored vehicle. residents reporting hearing more than 100 gunshots. the air thick with the smell of gunpowder. >> i heard so many gunshots that i got scared. >> gio, we're just learning why the officers were responding at that home? >> reporter: that's right. we're learning they were trying to serve a narcotics warrant at that home. police often tell us that serving a warrant is one of the most dangerous operations for officers. now we're seeing that play out in philadelphia. david? >> gio, thank you. the other major story, the steep drop on wall street. closing down more than 800 points, and the warning, the key indicator that happened today that has foreshadowed recessions before. an inverted yield curve, when the yield on a ten-year treasury

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