Down about 357 points now. Well more impact to how the world is reacting. Less begin with sue herrera. A lot of us experiencing heart palpitations, but things seem to be bouncing back. It is bouncing back a bit. It was a very difficult opening for the market, this would be the 1,000point loss. It would be the biggest one day intraday point loss, but percentagewise its not as significant as one might thing. Pointwise, it was a heart stopper, but it didnt last long, it kind of stabilized down about 600 appoints, and then slowly start to do crawl back. We go the to the back where we were only about 150 points down. Why . The worries about asia did hit the market hard, but that was mostly pentup selling from friday. There were a number of big institutional traders that couldnt get out of the market in time, so they had sell orders in for monday morning. Thats why we saw the plunge. We did see some significant buying by big institutional traders at the lows, thats whats bringing us back up.
But unconfirmed. The suspects fled toward a Community Center. There was an area under lockdown, but since been cleared. Heres a lieutenant, chris monahan. We still have very active crime scene. We are searching the perimeter we have set up in this area in hopes of finding those two suspects. Were at the early stages of our investigation in terms of determining what happened. Now the victim was in his 30s. Investigators believe he lives in the neighborhood. We do now have homicide detectives on scene. They will be interviewing witnesses and trying to gather evidence and figure out what happened here in san jose. Kpix5. Thanks for that update. A fast moving wild fire is forcing hundreds of people to evacuate their homes. The summit fire broke out yesterday afternoon near snow summit ski resort. So far, 100 acres have burned and mandatory evacuations are in place. That fire is 30 contained. And firefighters are making progress in the battle against the peterson fire burning near kelseyvil
Markets took a hit following a huge drop in chinese stocks and cbs reporter jill wagner is at the New York Stock Exchange with the latest. The dow jones plummeted again at the opening bell. Dropping more than 1,000 points in the first few minutes of training. The sell off continues last weeks tumble on wall street. The dow plunged 530 points friday. Its worse session in four years. And the markets worst week since 2011. Fears of chinas economic slow down are shaking investors. Stocks fell with chinas index tumbling 8. 5 . Its biggest oneday loss in eight years. The plunging price of oil, prices fell below 40 a barrel for the First Time Since 2009. The Stock Exchange is prepared to halt trading for 15 minutes if the s p 500 falls 7 . Wall street is now in whats called a correction, a fall of 10 or more from the high. Corrections are natural in a bull market. And most analysts say this one was long over due. Longterm im still bullish. I still believe in the United States of America First
Fifties to low 60s we have santa rosa and exactly 60 degrees and every other city molest a little bit warmer than as 62 or 60 in concord said was the oakland come in the 63 here is how the weather should develop borland for tim but as as we said right now in the upper fifties to low 60 degree range. James temperatures and to be warming to amend seven isnt that point and then by 3 00 this afternoon as we head toward the 5 00 hour expect maximum temperatures around the bend somewhere around the neighborhood mid60s from the coast mid70s and in mid to upper 80s as you head into the deeper inland valleys over the next three days a quick sample for you today to the winds and temperatures will jump a little bit more as we head into tuesday and then by ones it will start to come back down will have more details on the forecast coming up this call and they stand for as. Rebecca the roadways are looking pretty good at this early hour as normal starting out the bay bridge toll plaza live in the m
Losses. Former dean of Golden Gate University school of business and wall Street Investment banker Terry Connally says much of this was preprogrammed trading taking its cues from asia and europe despite the fact that the u. S. Economy is actually doing pretty well. Its because in part that about twothirds of our market volume is accounted for by computerdriven computerral go rhythms. Whether the economy can deal with the sophisticated fixes needed to stop the hemorrhaging in china. Until they have a game plan to deal with erosion of confidence in both the chinese economy and in the chinese authorities. Now, well have more on that at 5 00 and why it may continue for a while but the average individual retirement for 401 k account stood at 91,000 in may when the stock market hit its alltime high. If that was all invested in the dow jones average it would have lost reporting live, tom vacar, fox 2 news. After friday and again today what is going to stop this . What are the experts saying .