Melissa happy monday to you. I am melissa francis. Lori i am lori rothman. China concerned. Katie stock and two windows on why is looking for a pullback before the s p. Melissa we are heading live to the trading pits of the cme. Lori the government failing to strike a deal to avoid sequestration. What they be able to come to a budget agreement before arch 27 . Melissa what is the fair share when it comes to taxes . Lori time for an update on the stock market. Global concerns weighing on the market today. Sandra that is right. There is a lot of concern about growth in china. The dow is down about 38 points. The nasdaq down about nine. The s p 500 down about three. China is the Largest Consumer of oil in the world. That is weighing on commodity prices, as well as the dow. United technology is also down a couple percent. Definitely the fact that the Service Sector in china grew at a very slow rate, that is what has these markets down today. Back to you. Melissa oil prices dropping. Phil f
Were grabbing our stuff and the explosion hit. And it hit you like a shock wave. Up in flames, a massive gas explosion rocks kansas city. Investigators are looking into whether a gas leak may have triggered the fire. More than a dozen people were injured and even cadaver dogs were brought in to make sure no one was buried underneath. A search for the people is going on right now and will for some time. Oscar pistorius is back in south africa court this morning for a second day of his bail hearing. His girlfriend model Reeva Steenkamp was shot to death. Jesse jackson jr. Will plead guilty for misusing Campaign Funds. This is nod an abstraction. People will lose their jobs. Hundreds of people are stranded on a highway in north los angeles. As Pope Benedict prepares to step down the buzz is blowing that an american could be next in line. Apple is the latest victim of Cyber Attacks with the same malware that hit twitter and facebook. All that you want a cat fight . Oh we have a cat fight.
. Welcome to cbs this morning. Norah odonnell is on assignment. At bea ma is awarning people will lose their jobs and services will be slashed with budget cuts. We are nine days away from the deep automatic spending cuts. Bill plante is at the white house. Bill, good morning. Reporter good morning and good morning out west. Well, republican congressional leaders say that if the cuts happen theyll be the president s fault even though some of their members want the cuts. The president says that he doesnt want the cuts either. In the next few hours hell be talking to local tv reporters to as one official here put it continue to turn up the pressure on republicans to compromise. This is not an abstraction. People will lose their jobs. Reporter with just over a week until the cuts take effect the president s placing the blame for the sequester squarely at the doorstep of republicans in congress. Last thing our families can afford right now is pain imposed unnecessarily by partisan recklessn
Years both bush brothers out of the the daytona 500. Kyle injured and his brother kurt suspended indefinitely. His exgirlfriend speaking out. He popped out of bed and smashed my head into the wall three times. A fox friends cable exclusive as were live from daytona this hour. Fox and friends begins right now. Welcome in on this snowy sunday morning. Yes. Its pretty. Poor people in boston are trying to dig out. One week from march and were glad to see you this morning. Thats meet logical spring, you tell me. I didnt know that. We need to get to the fox news alert. A brand new threat to america by a deadly terror group. Al shabaab releasing a video calling for an attack on the mall of america near minneapolis. Al shabaab is the same group that claimed responsibility for the deadly terror attack at the mall in kenya in 2013 killing more than 60 people. It depicts an image of the mega mall with the gps coordinates. The man tells the followers to use the west gate shooting as inspiration. T
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