Our top story this morning is wall street. Really got off on the wrong foot this year. Were keeping a close eye on the markets overseas at this hour. Its the worst start for the dow since 1896. The worst ever for the brother s p 500. So you can blame the hit to your 401 k on china. Abcs Marci Gonzales has details. Wall street stocks took a nosedive plunging 392 points, officially putting the market into correction territory. This is a weird start to 2016. Reporter it was the worst day for the dow in three months as troubles in chinas economy sent jitters across the pacific. Chinas stock market slipped about 7 thursday after its currency fell to its lowest level against the dollar since march, 2011. Trading in china was automaticallll halted setting off another slump in asian and european stocks. That will probably translate the u. S. Markets. Reporter oilrices plunged along with stock prices hitting their lowest level in 12 years. People are just not buying commodities. That suggests t
There is no winner in last nights 500,000 Powerball Powerball set up for saturday night. Good morning from the studio 57 newsroom at cbs news headquarters in new york. Good to be with you. Im annemarie green. Later today the latest in the el nino triggered storms are expected to hit the california coast. The storm system doused california this week bringing torrential rain. Floodwaterses and mud slides swamped roadways and trapped drivers from San Francisco to l. A. Danielle nottingham is in uhall, california. Good morning. Reporter good morning. Community were evacuated. We are northwest of los angeles. A fire burned here over the summer and it left the area barren. The perfect conditions for mudslides and as you can see behind me, crews are working right now to shore up that hillside to stop more debris, water, and mud from flowing through this neighborhood. Parts of Southern California already soaked by days of rain are bracing for more wet weather this morning, fueled by el nino. H
Drawing and that sets up a powerball set up for saturday night. Good morning from the studio 57 newsroom at cbs news headquarters in new york. Good to be with you. Im annemarie green. Later today the latest in the el nino triggered storms are expected to hit the california coast. The storm system doused california this week bringing torrential rain. Floodwaterses and mud slides swamped roadways and trapped drivers from San Francisco to l. A. Danielle nottingham is in uhall, california. Good morning. Reporter good morning. Ten mobile homes in this community were evacuated. We are northwest of los angeles. A fire burned here over the summer and it left the area barren. The perfect conditions for mudslides and as you can see right now to shore up that hillside to stop more debris, water, and mud from flowing through this neighborhood. Parts of Southern California already soaked by days of rain are bracing for more wet weather this morning, fueled by el nino. Heavy rain and strong winds we
It hasnt been a very pretty picture for her or for bill because im the only one willing to talk about his problems. And are you worried that your past could hurt your wifes campaign . I dont have a response. If he wins the republican nomination, well have plenty of time to talk about it. You know, it really is a distinct possibility actually. Just yesterday, Time Magazine put trump on their cover with the headline how trump won. Well, in the meantime, trump is also throwing punches at his closest competitor in the gop race. Were talking about ted cruz. Hes again raising the question of whether the canadian born senator is eligible to hold the Nations Highest Office and now trump is finding an unexpected ally on capitol hill. Abcs tom llamas is on the campaign trail in iowa. Reporter as senator ted cruz drove through iowa today, donald trump tweeted him a helpful message ted, free legal advice, how to preempt democrats on citizen issue. You will win. The senators answer. Thanks, but no
And are you worried that your past could hurt your wifes campaign . I dont have a response. If he wins the republican nomination, well have plenty of time to talk about it. You know, it really is a distinct possibility actually. Just yesterday, Time Magazine put trump on their cover with the headline how trump won. Well, in the meantime, trump is also throwing punches at his closest competitor in the gop race. Were talking about ted cruz. Hes again raising the question of whether the canadian born senator is eligible to hold the Nations Highest Office and now trump is finding an unexpected ally on capitol hill. Abcs tom llamas is on the campaign trail in iowa. Reporter as senator ted cruz drove through iowa today, donald trump tweeted him a helpful message ted, free legal advice, how to preempt democrats on citizen issue. Go to court. You will win. The senators answer. Thanks, but no thanks. Im not going to be taking legal advice any time soon from donald trump. Reporter trump relentle