Flattened how they are preparing for this monster hurricane. The president set to hold a News Conference this hour with the amir of kuwait, a day after the president shocked republican dealers. And new reports are out about a possible trump schumer deal. Plus the News Conference live. All of that is on tap. The dow is the biggest loser, and disney is one of bob iger warned about apple is taking a hypothetical wall street journal set reporting that the new iphone is plagued by production glitches we will more on this developing story ahead. Now to the biggest atlantaic hurricane ever that is irma shes battering the crib ban, leave a terrible path of destruction on the islands already hit, now taking aismt at florida here one of the we have wmaq meteorologist kalee dione this is whats moving toward turks and caicos and south florida in the coming dayses this has weakened just a tad in the last update at 175 Miles Per Hour update for those of you in south florida, you have been added to t
This is the cbs evening news with scott pelley. Pelley good evening. We saw something today we havent seen since the dependents of the great recession. The price of oil fell below 50 a barrel. It ended the day at 50. 04, the lowest close since spring of 2009. Have a look at this. Just since june of last year, the price of oil has dropped by more than half. No one knows when the slide will end. On wall street, the dow fell more than 300 points. The s p nearly 38. In beth cases a loss of nearly 2 . Elaine quijano is looking into why investors are worried. Reporter today marked the worst drop in the dow and s p since october. Analysts and traders say there was no one particular reason, but the continued freefall in oil prices played a major role. Bill stone is chief investment strategist for pnc wealth management. Why are the markets tanking . Oil did breech a kind of psychological barrier going below 50 a barrel. When you see oil fall that much, historically that has been associated with
Can do. Stay warm. Layers, otbos. Millions battle a bitter blast. All the way up the east coast. Many people seeing temperatures 35 degrees below average. Meanwhile, in maine, torrential rains triggered a mudslide. New york overnight, a manhunt is under way after two Police Officers were shot while responding to an armed robbery. These officers will recover. The United States ski team is reeling from the death of two up and coming stars killed in an avalanche in austria. The markets across the board stocks plunge ashe t u. S. Crude oil price tumbled. A couple more like this next time im on your show ill be voting for myself. Divers try to find the airasia wreckage. Facing bad weather. They found parts of the plane that may contain the black boxes. An off Duty Police Officer shooting himself in the stomach is expected to be okay. After dropping the first set, Serena Williams got a double shot. She wins the next two steps. Fancy that. And all that mattered Chris Christie takes heat for b
Pelley good evening. We saw something today we havent seen since the dependents of the great recession. The price of oil fell below 50 a barrel. It ended the day at 50. 04, the lowest close since spring of 2009. Have a look at this. Just since june of last year, the price of oil has dropped by more than half. No one knows when the slide will end. On wall street, the dow fell more than 300 points. The s p nearly 38. In beth cases a loss of nearly 2 . Elaine quijano is looking into why investors are worried. Reporter today marked the worst drop in the dow and s p since october. Analysts and traders say there was no one particular reason, but the continued freefall in oil prices played a major role. Bill stone is chief investment strategist for pnc wealth management. Why are the markets tanking . Oil did breech a kind of psychological barrier going below 50 a barrel. When you see oil fall that much, historically that has been associated with a significant economic downturn. The difference
Layers, boots. Millions battle a bitter blast. All the way up the east coast. Many people seeing temperatures 35 degrees below average. Meanwhile, in maine, torrential rains triggered a mudslide. New york overnight, a manhunt is under way after two Police Officers were shot while responding to an armed robbery. These officers will recover. The United States ski team is reeling from the death of two up and coming stars killed in an avalanche in austria. The markets across the board stocks plunge as the u. S. Crude oil price tumbled. A couple more like this next time im on your show ill be voting for myself. Divers try to find the airasia wreckage. Facing bad weather. They found parts of the plane that may contain the black boxes. An off Duty Police Officer shooting himself in the stomach is expected to be okay. After dropping the first set, Serena Williams got a double shot. She wins the next two steps. Fancy that. And all that mattered Chris Christie takes heat for being a Dallas Cowbo