Ancient temp until syria. We introduce you to these men determined to save these treasures. Will he run in Vice President bidens potential bid to the white house takes a big turn, thanks so some surprising words from the white house. Plus new orleans now. He lead the fight in the days after katrina. Now tens years later, general russell turns to a city forever changed since that storm. We begin with the aftermath of one of the most volatile trading days on wall street in years. Chinas shanghai composite lost more than 8 . That sent shock waves through Financial Markets ash around the world. The dow dropped sharply, and lost nearly 1100 points in minutes. It wasnt enough to stop the dow from losing 588 points for the day. Mary snow is here with more. That size drop was seen as a good thing, since it could have been far worse. There was a sense that this wasnt a flashback to the financial crisis of 2008, because now the u. S. Economy is showing signs of growth, but that didnt stop a gutwrenching day on wall street. As one trader put it, the day on wall street was nothing short of wild. The market was braced for stocks to sell off. But even veterans didnt see this one coming. Within ten minutes of the opening bell, the Dow Jones Industrial average fell more than 1,000 points. It was the largest oneday point loss ever. Stocks moves higher as the day went on, but were still down nearly 4 at the closing bell. The dow closed down 588 points. It will always reflect the fundamentals and as we sit here today, the fundamentals do not speak to a recession, do not speak to a credit freeze in the United States, and therefore, qualit companies are okay to buy. Reporter the dramatic swings left everyone trying to figure out what went wrong. Worry over chinas economy and what kind of ripple effects it would have were the dominate fears. Low oil prices were also weighing on investors, and then theres the Federal Reserve and whether it will raise interest rates. Lower oil prices, lower commodity prices, all of these things are a longerterm positive for the u. S. Economy, and global growth, so i think to some extent we need to look beyond this initial kneeneshg reaction. Reporter adding to the rocky ride is the fact that much of the trading done is computerized. The big question is, what happens now in all anyone could agree on seemed to be that more turg lens is on its way. The block of 1987 was a drop of 22. 6 , at its worse today it was just under 7 and it was under 4 by the end of the day. Tomorrow on wall street, will there be another massive selloff, if there is, is there any measures to try to control of the volatility. There are pressures. The Stock Exchange imposed something called rule 48, where basically specialists human beings are called in to help smooth the volatility. Also if there are drops on the s p 500 of 7, 13, and 20 , there will be a pause in trade. Why didnt it happen this morning . Because as we said the worst drop was just under 7 . Right . And there was a pretty quick swing after that big drop. Uhhuh. So it didnt hit the mark. Right. All right. Mary thank you very much. Sure. And joining us now is on target ali velshi. Talk about this from a global perspective. What was your reaction to it . This is very interesting, because its not like the last time we saw Something Like this happen in the stock market which was 2008. The last time you saw these massive moves, it had to do with domestic economy fundamentals calling apart. They are quite strong in the United States, but china is worrisome. It has been unable to shift its economy into one that is more like an American Economy where consumers make more spending decisions for themselves. So they have fallen back on their old ways of being the factory floor of the world, and in order to do that, they lowered the value of its currency. In that will make chineseproduced goods less expensive around the world, and westernproduced goods more expensive. Then you move over to oil let me stop you right there. Before we move on to oil. Because there are some businesses who dont do much business with china but were down big time today. They do most of their business in the United States. What does that tell snus sort of. You look at the s p 500, right, largely moves in lock step with the dow, but its 500 companies, and half f their profits come from oversees. If you look at china it has changed from being the place you buy things from, into a country you want to sell things into. Whether you are a tech company, car company, consulting company. There are inroads for manufactured goods into china. So theres real consequence to chinas economy slowing down. But if you look at the new york Stock Exchange, 3,064 companies closed down today, just over 100 closed positively. So its not about the smart question you just asked, its about the fact that there is a massive sentimental selloff in the market. And is the United States robust enough to hold up against that. The rest of the world always hopes the u. S. Will be the backstop for a Global Economic slide. We probably can be, but thats what has everybody spooked around the world. All right. Ali thank you very much. Much more on the Financial Markets coming up at the half hour, including reaction from the campaign trail. Now to the wildfires burning in the west. Washington state now has the biggest fire in history. And it could continue to burn for months. Sabrina is in ohmac, washington tonight. Sabrina. Reporter john, were in the parking lot of a Home Improvement store in northwest central washington, and if you can see behind me, there are campers back there, tables are set up as well as chairs and coolers stocked with food. Some people here have been here a week. They have been forced from their homes because of the fire as you mentioned, the largest fire now in state history. Its more than 25,000 acres, just 12,000 acres overnight in the last few hours, so its really growing rapidly. 12,000 houses still remain in jeopardy. The residents we spoke with today, those who have been evacuated, they say they simply wait and worry. Theres no welcome mat, but this Lake Side Park campsite is home for the Parker Family and others right now. They have been camping since they fled their North CentralWashington House a week ago. We left. We was there for roughly four hours and evacuated all of the town. Reporter when flames from the fire showed no signs of slowing. We watched trees erupt and literally explode into huge columns of flames as what like a roman candle would. A scale of 1 to 10, this would be a 15. How is that . Reporter the parkers are hardly alone. In the town about 30 miles away, evacuated residents like sandy, finds some comfort sharing stories with other displaced families in the parking lot of a Home Improvement store. The tables are stocked with food and supply from this store as well as community donations. They have been absolute phenomenal. They have made us feel so welcome and secure. They have cared for us, they are feeding us. Reporter but it may be a while before they find out if they have a home to return home to. It is now washington states largest wildfire on record. More than 400 square miles have burned here, and its growing rapidly. The smokey air acts as a lid but grounds the aerial assault. Its a doubleedged sword. It prevents us from being able to use Aviation Assets to their fullest extent. Reporter families desperately tried to reach neighbors. Neighbors who ignored evacuation orders and refused to leave their homes and businesses. Jesse finally reaches his younger sister, searching for any word on their home. Where is your fire at . It was at ricks house last night . Reporter for now the family waits it out, wondering what is next. And jesse says that they will stay another night in that area, in the two tents and the camper where they have been staying for the last several days. Their home is in a level three evacuation area. They have been trying to get ahold of neighbors, those who stayed behind. And the neighbors say they dont think their home is burned, but they are just not sure, john. Thank you very much. President obama is in las vegas tonight to deliver the keynote address at the national cleanenergy summit. The president is unexpected to unveil new initiatives encouraging the use of alternative power. The white house says the speech will focus on getting clean energy. Much of the focus at the cleanenergy summit is on alternative Power Sources outside of the home. More and more businesses are going green, not necessarily out of concern for the environment, but to make more money. Jake ward is in San Francisco with that. Jake . Reporter john, it is true, once upon a time really you would only be a sort of crack pot engineer or diy off the grid type if you built your life or business around solar power or wind. Now suddenly people that used to do this for moral reasons are beginning to do it for business reasons. American Companies Used to go green because it was good publicity, now they are going green because its profitable. When i started working in clean energy in the 1980s, the joke was there were a few crockpot billionaires who made their next billion in clean industry. Now you can legitimate make your first billion in clean tech. Dupont ridiculed the notion of ozone depletion. In 1999 it announced it would cut emissions by 60 . By 2010 it was making a fortune selling alternatives, and also reported an annual savings of over 2 billion through energy efficiency. Thats roughly the same element it was declaring in annual profits. The environmental challenges we face are causing us to look at cultural patterns we abandoned from the fast generation. If you look at the San Francisco bay bridge behind me, you can see the traffic is entirely carried on the top deck. When it opened on the 30s, the top deck was for all cars going two directions, thats all they needed. The bottom direct was only for delivery vehicles and an electric train system running in two directions. Now that kind of concept may be worth another look. Ryan runs a company that builds electric buses. You have 70,000 diesel buses on the road today, and it typically gets 4 miles a gallon. Reporter but electric mass transit could also be good business. If california moved to electric transportation, it would reap the environmental benefits, but the fuel would be a locallyproduced asset. So you would have a job creation benefit on the power side as well as on the vehicle side. Reporter its that sort of economic incentive that is powering this new wave of companies. Meetings like the Clean Energy Summit are all about bringing together hardware, innovators and technologies with financial innovators, and that i think has changed the mind set where you could legitimately be the cleanest company in the room and choose to change mind sets. Reporter anyplace you see an established problem we are used to the notion that our phones die at the end of every day, people in these businesses are beginning to see that as waste, waste that can be zoomed in on and directed to betune of billions maybe even trillions of dollars. So this is not just a engineers game, this is an entrepreneurs game. Where people are building their lives and businesses around these kind of innovations. North and south korea have reached an agreement to back off hostilities. North korea expressed regret for land mines that injured two south korean soldiers. Tensions increased last week. Three americans who french Officials Say helped stop as poable blood bath at a highspeed train received frances highest honor today. A british man, chris norman also received the award. The men subdued the alleged gunmen who police say was heavily armed. Translator in the name of france, i have to thank you for what you did. Since friday, the whole world has admired your courage and solidarity which lead you empty handed to tackle a man armed to the treat and ready for anything. Two other men will also receive the honor. A duel french citizen recovering from a bullet wound. Another who has asked to remain anonymo anonymous. French Authorities Say the gunmen was know to Security Forces and may have travelled to syria. Coming up next, Syrian Refugees why so few are getting into the u. S. And an historic temple destroyed by isil. Well here from a real life monuments man who are trying to save those irreplaceable artifacts. The formal sentencing hearing for james holmes began today in colorado. At lease 100 survivors and witnesses are expected to testify over three days, about the 2012 Movie Theater attack that left 12 people dead and dozens more injured. The judge heard some of the heartbreaking statements today about the lives lost and the pain that still haunts family members. These last three years since my dad was murdered, i wondered time and again what would have happened had i had the opportunity to intercede before holmes committed such a horrendous time. I would have told him about gordon cowden, a man whom i loved my whole life. The best man i had ever known, and a wonderful father, friend, hero, teacher, and inspiration to each of his four kids. The hearing gave victims and relatives a chance to speak out as you heard. Holmes sentence is already certain. A divided jury resulted in holmes getting life in prison without parole. Several speakers cite sized that sentence saying he deserves the death penalty. A new municipal judge has ordered sweeping changes to ferguson. All arrest warranted issued before december 31st be withdrawn. Defendants will receive new court dates or options for changing their sentence. A federal judge in california now putting new pressure on the white house to release migrant families. In july the judge gave me administration two months to change detention policies, which she said violated rules on the treatment of young migrants. Late friday she issued a new order, compelling the administration to release the children and their parents without unnecessary delay. And now to the syrian refugee crisis. 25 countries have agreed to take in those fleeing the civil war. Just over a thousand have come to the United States. The u. S. Gets thousands of application every month. Tough Homeland Security regulations limit how many people can come. But that could soon change. Diane eastabrook reports. Reporter walking home from school this woman and her son are a world away from the chaos that they left behind in syria four years ago. She says syrias civil war landed on her doorstep when soldiers forced their way into her home with guns drawn late one night. I [ inaudible ] told us go to the house and carry the guns, and said you must give us everything or we will [ inaudible ]. Reporter what came next was even worse. Our our house destroyed. My familys house was burned. They burned everything in the house. Reporter we first met her in june less than a year after the family came to the u. S. And settled in this chicago apartment. They had help from catholic charities. But tougher regulations have limited the number of Syrian Refugees in the u. S. To about 2,000 by the end of this year. The state Department Said it plans to triple that number next year. One part of a twopronged effort. Most of these people want to go home, and thats understandable. So what were really committed to is to helping to foster the kind of political transition inside syria, so it is a safe environment for Syrian People to return. Reporter since the end of last, chicago has become home to about ten syrian families who left their wartorn homeland over the last few years, most have settled in this ethnically diverse neighborhood on the north side. This woman says chicagos Cultural Diversity is helping their family adapt to their new home. She griefs for a bother killed in the war, and worried about another missing in syria, and misses the extended family she may never see again. This morning i was cry, because i feel that i am alone here. To family for me, or no family from my husband. Reporter but she is convinced that america will provide a Better Future for her children. America bring us to here, and we will stay here. Antiques officials in syria says isil has used explosives to destroy a temple in palmyra. The structure was believed to be nearly 2,000 years old. It also caused the surrounding columns to collapse. The United Nations cultural agency, unesco is calling the destruction a war crime. Academics from all over the world are working to stop isil from destroying ancient ruins. We michael with michael dante, a reallife monuments man who advises the u. S. Government on how to save historical sites before its too late. Extremist organizations are waging a war on culture, looting and theft in many different forms has been an important part of the revenue extremes of the networks operating in iraq and now syria. Isil takes the Cultural Property of ethnic and religious minorities, lieutenants archaeological sites and robs cultural repositories. A lot of really brave syrians, many former employees of the department of the antiques, who are risking their lives to photograph the damage, to monitor what is happening on in the elicit antiques trade, and gather whatever data is out there, and on a daily basis, they are risking their lives. They could fall prey to extremists kidnapped or killed with the decline in the rule of law and the introduction of large number of extremist organizations into the nation accelerated. We see mosques shrines and tombs being blown to pieces. Explosives using heav