everywhere you look today, bad news. the numbers are ugly. the dow down 480, below 11,000. nasdaq down 138. s&p down by 59. more money going into the safe havens, gold at a record high $1,822 an ounce and more money with u.s. treasuries with yields at record low sending people to refinancing. getting to what s causing the market to drop, there are things in europe and the u.s. starting with europe, they got the ball rolling this morning. there are several countries in the eurozone that now want greece to put up collateral for their second bailout. if greece defaults, then you will see all sorts of european banks with heavy exposure to greek debt have big-time problems and many u.s. banks have a lot of exposure to those european banks. everything is tied together. the u.s. economy got a report today that u.s. jobless claims spiked back above 400,000. we got a report that existing home sales fell by 3.5% in july. the housing market is depressed. then a key manufacturing report
a shot from the room around 10:45 this morning. the chp had no recourse except then to shut down the freeway in front of the hotel room. we have a surveillance camera picture of the suspect taken at the market on sunday. police say this is the same man in the hotel room with the girlfriend now but they don t know the identity of the man. they said think didn t have an identification is what they are saying. 40 residents of the hotel were evacuated and police did send emergency calls to businesses in the neighborhood to let them know what was going on. there are at least 75 police officers maybe more. it s a huge police standoff and according to san rafael police spokeswoman margo rohrabacher. about 75 officers here now, there are s.w.a.t. teams throughout marin and also sonoma county and our hostage negotiators are speaking with him since the beginning of the incident. there is dialogue back and forth which is good. these events sometimes can take a long time and we want a