North koreas latest launch of an Intercontinental Ballistic Missile that could hit the u. S. Appears to have united the International Community against kim jong uns regime. U. S. Secretary of state Rex Tillerson still kept the door open for talks but said the north must first end its missile tests. Weve not had an extended period of time where they have not taken some type of provocative action by launching ballistic missiles. Reporter north korea has launched a dozen missiles this year and says it wont give up its nuclear program. But the new u. N. Sanctions could make funding it much harder. The sanctions are expected to cost north korea as much as 1 billion, mostly by banning exports of coal, iron, and seafood. Enforcing the sanctions will fall largely to china, north koreas main trading partner and economic lifeline. On monday chinas foreign minister said it will implement the sanctions 100 . He also said north korea should stop launching missiles and conducting nuclear tests. Chin
And the marines plan to bring it to the surface. The osprey can carry more troops farther and faster than any helicopter, but its Tiltrotor Technology has been criticized ever since this horrendous crash 17 years ago. Crash crash, crash, crash reporter in which 19 marines died. But the father of First Lieutenant cross said his son trusted the aircraft. He told me that they had so many redundant Safety Systems in the plane that if one failed there was always a backup. Reporter marine corps statistics show over the last five years the osprey has the third highest accident rate, after the harrier jump jet, another vertical takeoff and landing plane, and older models of the f18 jet fighter. The marines are expected to order a safety standdown for all their aircraft so air crews can take a day off from flying and spend it reviewing their operating procedures. Anthony . David martin at the pentagon. Thank you, david. Federal investigators tell cbs news the explosive that damaged a mosque in
And welcome to power lunch, the bears are out today. The dow and s p 500 having their biggest oneday slide since the beginning of july. The s p 500 in fact falling below its 50day moving average for the first time in a month. Wall streets socalled fear index, the vix soaring hitting the high in five weeks gold meantime, hitting a twomonth high retail to blame. Macys is down 9 . Kohls and dillards also getting whacked. Jc penney being taken down here, brian. We begin with your money and investments. North korea, of course, grabbing all the headlines, but the defense stocks are mostly lower today and apple is the biggest drag on the dow. So is all the saber rattling really to blame . Live in washington with the latest on north korea, bob though at the nyc, bob, let us start with you how much are you hearing is north korea, is valuation, or maybe just a normal, healthy august pullback . You know, id say 75 is concerns about north korea, but we do have some High Expectations on the earning
And karen rogers, where did you go . Reporter nobody needs to see you, matt. [laughter] im just joking. We got all dressed up for nothing. Satellite and radar we have a couple of sprinkles to the west, the western suburbs looking for that early at this hour. Today is the day the weather changes a little bit. The past couple of days have been lovely and were going downhill it will be a little more unsettled. 70 degrees in philadelphia, 68 degrees in reading, 62 Atlantic City airport. We have clouds and were not seeing temperatures drop as much as they have the past three days, its not the cool morning weve had lately. Mostly cloudy skies, a lot of areas will stay dry. At any time point you want to expect a shower or two. Were seeing that west of the city right now. A thunderstorm later in the day. Were looking at 68 degrees at 7 00 a. M. Lunchtime, 80. 82 at 3 00 p. M. , the highs today low 80s. 5 00 p. M. , 71. 5 00 p. M. , lots of cloud cover, 78 degrees. Were watching for a chance of
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