Pressure from activist hedge funds for increased stock buy backs. Stock markets are poised to recover from yesterdays selloff. It was the biggest drop on a first day of trading year for the Dow Jones Industrial average in eight years. Both the dow and the s p 500 were off about 1. 5 . Abcs Rebecca Jarvis has more. Reporter it was bad but it could have been so much worse. It started with a sharp selloff in china, very weak matching data indicating the worlds second largest economy is slowing, the fears here there could be a Ripple Effect on the economy in the United States and around the world. Second oil prices have been tanking since last year even, and now there are big concerns about what that means for the energy space. Jobs here in the United States. While its great news for consumers, its not great news for Energy Companies or the people that they employ. And historically speaking, 70 january is what sets the tone for the rest of the year. Theres an old saying here on wall street
Took him more than a year to build. So hes been working on this. I love that it looks like the original. Yeah, it even got some street credit. An autograph from luke skywalker. Thats so cool. Himself. But it was 15 seconds of fantastic fame in that first movie. New colors, old design, right . Yes. Coming up a warning from a mother of a sick little girl about magnets on your refrigerator. Oh, my gosh. Its terrifying. Also ahead, the jumping powerball jacket pot worth 400 million. What would you do with that kind of money. And later nuns selling cannabis. Could their products help their customers find a spiritual experience . Youre watching world news now. Announcer world news now weather, brought to you by ridx septic cleaner. Lous garden party for her birthday. So i mowed the lawn, put up all the decorations. I thought i got everything. Almost everything you know, 1 in 10 houses could get hit by a septic disaster, and a bill of up to 13,000. But for only 7 a month, ridx is scientifical
And the west braces for a series of major storms. Mudslides. And she won the most controversial pageant ever. I have to apologize. This morning, Miss Universe is here. Speaking out on tv for the First Time Since that stunning mixup. What shes saying about her running up who is now demanding to share the crown, only on gma this morning. Nobody can drag me down and good morning, america. Happy new year. Everyone back. Rested and ready for 2016. We have a special guest this morning. We do on this first monday of the new year. There she is Miss Universe arriving at our studio. Her first interview since being crowned. A lot to talk to her about. And the runner up, plisz miss colombia. What shes saying. We begin with the race for the white house. The first big vote in iowa just four weeks from today. Donald trump released the first tv ad. Aiming rite at Hillary Clinton. Cecilia vega is on the trail in new hampshire. Reporter hi, george, good morning to you. This 30second tv ad begins running
Into the white house on january 20, 2017, there will be a lot of challenges and opportunities waiting there and i am absolutely determined that we are going to make sure that we have a democrat to succeed president obama so that we dont let the republicans rip away the progress that we have made together. Amanda des moines gets under an hour. 5 45 at the state Historical Building on east locust. Amanda 1bam now while trump has made bill clintons past a other candidates say they wont, including hillarys democratic rival republican carly fair game, but says thats not the way to beat hillary. Election headuquarters, im amanda krenz. Local five news, we are iowa. Jack amanda thanks. And on the republican side, ted cruz is looking to cement his status as the frontrunner in iowa. In several late december polls of iowa republicans, he came out ahead of donald trump. So the senator from texas today launched a six day, 28 town bus tour through iowa. This is video from his first stop at a Christ
The 54yearold started her career at gm at the age of 18. Now ceo, she steered gm through a crisis of defective cars and pressure from activist hedge funds for increased stock buy backs. Stock markets are poised to recover from yesterdays selloff. It was the biggest drop on a first day of trading year for the Dow Jones Industrial average in eight years. Both the dow and the s p 500 were off about 1. 5 . Abcs Rebecca Jarvis has more. Reporter it was bad but it could have been so much worse. It started with a sharp selloff in china, very weak matching data indicating the worlds second largest economy is slowing, the fears here there could be a Ripple Effect on the economy in the United States and around the world. Second oil prices have been tanking since last year even, and now there are big concerns about what that means for the energy space. While its great news for consumers, its not great news for Energy Companies or the people that they employ. And historically speaking, 70 of the t