Our Senior National correspondent Anthony Mason is following all of this. Anthony . Reporter scott, it was a painful day to check your 401 k . The dow is down more than 900 points since monday, thats more than five percent. The catalyst for the selloff once again was china. The Chinese Market shut down after less than half an hour this morning after plunging 7 . It was the second shutdown this week. Investors are worried the chinese economy is slowing. Gdp growth, which hit 12 five years ago, is now below 7 . If chinas in trouble, that could mean trouble for the rest of the world. And with this chaos in the shanghai markets, there are worries the chinese dont have handle on their own economy right now, scott. Pelley and anthony, the chinese are also the second Largest Consumer of crude oil in the world. And youve been looking into the impact of that. Reporter yeah. Crude, scott, hit a 12year low today. 33 a barrel. The price has fallen by nearly half just since may, when it was if you
Single day. Reporter the source of the leak is a hole in a 62yearold pipe. Southern california gas chief operating officer brett lane. I personally apologize to the residents. This is something that, you know, the nuisance that they face, the different issues that they have faced, we do apologize for that. Again, our focus right now is to try to eliminate that nuisance or the issues that they face by stopping the leak as fast as we can. Reporter to stop the leak, the Utility Company needs to drill down 8,000 feet. Theyre using a relief well to intersect the leaking pipe and plug it up. The gas Company Estimates the process will take until april. Christine soderlunds home is less than two miles from the gas leak. She moved after her children started to get sick with unexplained headaches, nausea and nosebleeds. I am worrying about the gas every day. Im worrying about my familys health. Reporter there are 115 wells in the hills that you see behind me, including the one that is leaking, a
If you were a hippie in the 60s, you need to know. Its the dawning of the age of aquarius. Yeah, and Something Else thats cool. What . Osteoporosis is preventable. All osteos preventable . Right on if you dig your bones, protect them. All cbs cares today, we saw new evidence that the barbarity of syrias civil war has not lessened, even after five years. A town is being starved by the dictators forces. Men, women and children are dying in slow motion as one resident put it. Heres elizabeth palmer. Reporter months of deprivation have pushed the smallest and the poorest to the very brink. A mother feeds her child with what looks like broth, but its actually water, flavored with jam. In an online appeal, a man explains, we have no food, no water and no power, and then he bursts into tears. Please, world, he says, we are dying. Activists say the most wretched are making soup with grass, and some have died of starvation. And all this just 30 miles from the capital, damascus, in fertile hill
This is the cbs evening news with scott pelley. Pelley retirement accounts are taking a big hit. Today for the third time the dow suffered a tripledigit loss, 392 points, this time, or 2. 3 . Investors are worried that the chinese economy, second largest in the world, is slowing more than the Chinese Government is letting on and that the governments haphazard attempts to intervene in its markets and devalue its currency are giving the impression that it doesnt know how to manage the trouble. Our Senior National correspondent Anthony Mason is following all of this. Anthony . Report scott, it was a painful day to check your 401 k . The dow is down more than 900 points since monday, thats 500 . The catalyst once again was china. The Chinese Market shut down after less than half an hour this morning after plunging 7 . It was the second shutdown this week. Investors are worried the chinese economy is slowing. Gdp growth, which hit 12 five years ago, is now below 7 . If chinas in trouble, th
Years. Welcome to your world this morning im stephanie sy. Im del walters and in two hours tucson, arizona will by tribute to a mass shooting that happened five years ago when it was over six dead and 13 injured. Among the critically wounded was Gabrielle Giffords and president obama had proposals for gun violence and mike says the president insisted its possible to find Common Ground on an issue as decisive on guns. Followup to the executive actions and town hall on guns in this time there were no tears but there were some tough questions. This time it wasnt just supporters in the crowd but also opponents of president obamas actions on guns. I have been unspeakably victimized once already and refuse to let it happen again to myself or my kids. Reporter kimberly is a rape victim and she told mr. Obama his policies were making her and her family less safe. Nothing we are proposing that prevents you or makes it harder for you to purchase a firearm. Reporter the widow of chris kyle whose