Points, or 2. 8 . In the the past two weeks, the dow has fallen more than 1800 points, recovered more than half of it, and then today, lost nearly half of the gain. Oil prices fell as well, down 8 after rising 27 the three previous days. Thats what you call turmoil. So we will turn to our chief business correspondent, anthony mason. Anthony, what is going on . Reporter scott, these are the aftershocks of last weeks selloff. And this volatility could continue for a while. All three major indexes were down about 3 today. The catalyst continued unease or china. The shanghai index is down almost 40 since june. The selloff started today on news that chinese manufacturing hit a threeyear low in august. The worry is the worlds second largest economy may be slowing, even more than feared. At the same time, the Federal Reserve is preparing to raise interest rates, perhaps as soon as this month. Pelley now, we mentioned todays drop in oil prices. Our Research Department today found that american
Dow has fallen more than 1800 points, recovered more than half of it, and then today, lost nearly half of the gain. Oil prices fell as well, down 8 after rising 27 the three previous days. Thats what you call turmoil. So we will turn to our chief business correspondent, anthony mason. Anthony, what is going on . Reporter scott, these are the aftershocks of last weeks selloff. And this volatility could continue for a while. All three major indexes were down about 3 today. The catalyst continued unease or china. The shanghai index is down almost 40 since june. The selloff started today on news that chinese manufacturing hit a threeyear low in august. The worry is the worlds second largest economy may be slowing, even more than feared. At the same time, the Federal Reserve is preparing to raise interest rates, perhaps as soon as this month. Pelley now, we mentioned todays drop in oil prices. Our Research Department today found that american oil jobs are being lost at a rate of 5,000 a mon
Points, or 2. 8 . In the the past two weeks, the dow has fallen more than 1800 points, recovered more than half of it, and then today, lost nearly half of the gain. Oil prices fell as well, down 8 after rising 27 the three previous days. Thats what you call turmoil. So we will turn to our chief business correspondent, anthony mason. Anthony, what is going on . Reporter scott, these are the aftershocks of last weeks selloff. And this volatility could continue for a while. All three major indexes were down about 3 today. The catalyst continued unease or china. The shanghai index is down almost 40 since june. The selloff started today on news that chinese manufacturing hit a threeyear low in august. The worry is the worlds second largest economy may be slowing, even more than feared. At the same time, the Federal Reserve is preparing to raise interest rates, perhaps as soon as this month. Pelley now, we mentioned todays drop in oil prices. Our Research Department today found that american
Whitman, after posting better than expected quarterly revenues, of course, driven by strong numbers amidst personal systems group, including sales of pcs and the like. A mixed picture for the rest of the businesses, but a lot to get to. Bank of america, though, you can lose sight, jim, of the numbers themselves, almost 17 billion. We talked about this, speculated on for so long. Ranked up as one of the worst deals of all time. 17 billion on 4 billion. By the way, almost have they paid . I dont know how much you attribute seoully to countrywide and accusation of merrill as well. Its a mortgage machine i reported on. Years and in house of cards documentary on it, a book i wrote, that was going on for years in which, of course, you had borrowers not qualitied put in loans, packaged up, sold, and made into c degredos, and now, years later, seven, eight years later, we are seeing some of the settlements. I think they made a decision at bank of america. I think there was a faction that just
To make the journey inside, no child should have to endure. You cant describe it. Just to see the look on their face and the grief and the pain and the officers that are involved and the officers that worked with him every day. I spent a lot of time with the family. Hes leaving two young boys behind. One 10yearold that has not had enough time with his dad but a oneyearold who will never have any memories of him. Reporter fellow officers say officer wilson was always quick with a smile and a quip. His life was cut short by the barrage of gunfire allegedly at the hands of brothers Ramon Williams and carleton hipps attempting to rob this game stop in north philadelphia. Officer wilson was there to buy his son a gift for good grades and his birthday. He shielded customers and returned fire. For those customers his fellow officers and others here he is a hero. Its not just what he did and the actions he took at the time he was murdered, but the way in which he committed himself to serving t