That was an extraordinary thing to happen. Reporter the dow down 8. 5 on monday. At the opening of the asian market, they saw some improvement, but china failed to gain tax. The u. S. , europe, and china are the three economies that matter the most around the world. Reporter the dow finished down 558 points, the worst singleday loss in a year. Onethird one of my retirement is dependent on the stock market. Reporter for those wondering what to do . How about nothing . How about sitting tight and sticking to your game plan . When you decide to take a knee jerk decision, you usually regret it. I would hate to see people look back and say gosh, why did i get out again . I had 10 or 20 or 30 years to go before i needed the money. Reporter the major index closing down 7. 6 , and we will see how the markets on wall street will do later this morning. Janelle burrell, cbs 2 news. Another day of holding on tight. Traffic and weather on the 2s, john, good morning to you. Buy fear and sell enthusi
And National Correspondent peter alexander. What can you tell us . Reporter good morning. Aides within the white house have said the Vice President earned the right to take all the time he needs to consider a 2016 run. Overnight one senior democratic source tells cnn president obama gave biden his blessing at the weekly lunch yesterday to go for it if he wants to. A spokesperson for biden says sources are just speculating anything about. This morning the buzz about a possible biden bid is building. The latest leak that the Vice President will reportedly huddle privately with top democratic donors at his residence after labor day, adding with the drum beat that began with his not so secret weekend lunch with elizabeth warren. Who would the president back his Vice President or former secretary of state . Josh ernest said the president respects and admires clinton but heaped praise on biden. There is probably no one in american Politics Today who has a better understanding of whats requir
We had a dramatic drop in the humidity overnight. 64 now in morristown. Down to 54 at sussex and monticello. There goes the front offshore along with the showers and thunderstorms well offshore. Dew points, measuring the amount of moisture in the atmosphere have fallen between the pleasant and invigorating category. There you go. Here is the day planner. 69 at 8 00 in the morning. Sunshine from start to finish. 84 by 4 00 in the afternoon. Somebody pleasant and invigorating, we send it to Debbie Duhaime with a look at the commute. Thank you. Good morning to you and everybody. We will tell you about a problem in the bronx. Northbound deegan right at the cross bronx an accident blocking a lane. So, delays go back by the stadium. Watch out for a broken water main on east 80th, closed between first and second with a broken water main p. George Washington Bridge lower Level Construction. Lincoln and holland construction as well. Outside, the Staten Island expressway eastbound slowing down b
Temperatures around 69 at 8 00 in the morning. 80 by noon. 83 by 4 00. We send it to Debbie Duhaime with a look at the commute. Good morning, jeff. Hudson river crossings, inbound lincoln tunnel, starting to build up but five minutes in. George is okay. No problems at the holland. Upper east river crossings off to a nice start this morning. Lets see what is happening, 80th closed east 80th between first and second with the broken water main. We will keep an eye on that stretch as well. Staten island eastbound at victory boulevard, ongoing construction. Route 59 is closed in both directions at brookside avenue and airmont in rockland county. Accident with a downed pole and wires. Lets go to a webcam. The thruway is okay down to the tappan zee. Alternate side parking rules are in effect. Back to you, michelle, ken. Debbie, thank you. The latest on a developing story in new jersey. The search is on for a killer. A cab driver was shot dead overnight in rahway. Now a better picture of what
Police said just before 11 00 last night a taxi cab slammed in front of a parked car. Gunfire may have been involved, and this is a very quiet, residential block, and at this point its not clear what the motive may have been, but the Prosecutors Office right now investigating the case saying they will bin vest gaiting more today. Janelle burrell, cbs 2 news. The search for a missing fishing boat is expected to resume this morning. Yesterday helicopters and dive teams with the coast guard spent hours searching for the 40foot fishing boat. The captain of another boat reported seeing the vessel sinking, and rescuers found a life ring and a cooler and floating oil in the area. No one has been reported missing, and they dont know if anyone was on board at the time. John . Reporter thank you, mary. Hi, everybody. Refreshing weather out the door, and a great day in store for you with humidity and nice numbers. If this is the beginning of your staycation this is a day to enjoy. Winds are calm