And chance the rapper shows us how the open mike program he started in his hometown of chicago helps change kids lives. But we start this morning with todays eye opener, your world in 90 seconds. The u tats of america will soon unveil the toughest and most aggressive round of sanctions on north korea ever. The white house vows new action on north korea. The era of strategic patience is over. If we dont change it, lets have a shutdown. We deal a shutdown. Its worth it for our country. President trump still isnt ruling a shutdown over immigration policy. We had one shutdown. Nobody wants another except maybe him. Steve wynn is stepping down as chairman of wynn resorts amid Sexual Misconduct allegations. A highspeed train suddenly breaking apart on its way to new york. Fortunately no one was hurt. Its very scary. Wall street rebounded from mondays freefall. Its still a bit of a rollercoaster ride. I think this is a day traders are happy to walk out and be done with it. A powerful earthquake hit a town in taiwan. Rescue workers are still searching for people. All that and theres your highlight play. And all that matters three, two, one. Spacex made history with the first test flight of the worlds most powerful rocket. Whoo. Go, baby, go. On cbs this morning. Theres no crew on board, only one special payload, a t s tesla roadster that went into outer space. We think thats dummy. Ither that or a very underpaid intern. Announcer this mornings eye opener presented by toy tachlt lets go places. Welcome to cbs this morning. Gayle likes the intern in the car. I do. Weve all been interns once. Okay, ill do that. Does somebody have the claim check . The u. S. Says it will unveil its toughest and most aggressive sanctions ever. This could dampen hopes the two sides will meet at the winter olympics. Mike pence discussed the sanctions this morning without saying what they will be. He spoke in tokyo after speaking to japans prime minister. And yim jonguns sister whos also a key adviser was added to the north korean delegation who will go to south korea. Ben tracy is at the winter olympic site in pong challenge. Good morning. Reporter good morning. Vice president mik arrives friday for the opening games. Two days ago meeting might be possible. That seems less likely now after his tough talk in tokyo. We will not allow north korean propaganda to hijack the messaging and imagery of the olympic games. Reporter he did not leave much room for olympic disemployee macy. This is before they announced they would send king jotim jong sister. Sending her could be a sign of kim jonguns seriously about improving relations. But she may not receive a warm welcome. On tuesday protesters greeted a group of 140 north korean performers when they arrived in south korea. Their sign showing the crossed out face of kim jongun. South korea has tried to reduce tensions ahead of the olympics, getting u. S. To delay their joint military exercises and allowing north koreas flag to fly at olympic develop jus, but the insults are also flying again with north korean state media calling President Trump a lunatic and warning the u. S. Will go to hell if it attacks north korea. The key is you have to get the United States in the room with north korea so that they can figure out what are some positive steps that can be taken. In the absence of that, the olympics says were back to fire and fury. Reporter north korea plans to stage a military parade in its capitol but Officials Say they might not parade their missiles. That might be a small gesture. Thank you. Spacex is celebrating its historic launch of the worlds most powerful rocket. Did you see this . It carried a cherry red tesla convertible into orbit. Two of its boosters landed back on earth. Spacex elon musk said that was his own personal car said he was proud and in disbelief after the very successful launch. Manuel bojorquez is at Kennedy Space center in florida. Good morning. Reporter good morning. The falcon lifted off from the same launchpad that was once used to send astronauts to the moon. It clearly surpassed all expectations including those of spacex ceo elon musk. The Falcon Heavys 27 engines lifted the rocket off the same launchpad used by apollo 11. The successful launch of the worlds most powerful rocket was received with jubilation among spacex employees. But ceo elon musk described a different kind of relief. I had this image of this giant explosion on the pad with a wheel bouncing down the road, landing somewhere with a thud. Reporter the launch was a near perfect display with the type of capabilities spacex is known for. Three rocket launchers detached and seconds later they landed back on earth touching side by side. Finally the big reveal, muffings very own tesla roadster with dummy called star man at the wheel against the aweinspi aweinspiring land drop of planet earth. David bowies song life on mars playing on a loop. That was epic, probably the most exciting thing ive ever seen. Reporter musk said the next stop is through the asteroid belt. He printed a message that reads made on earth by humans. Its kind of silly and fun. Silly fun things are important to. Be out there in deep space for millions and billions of years maybe discovered by some future alien race thinking what the heck were they doing . Did they worship this car . Reporter the falcon heavy cost half a billion dollars to develop, but at 90 million per flight musk says its cheaper than the competition, though he still has to prove its reliable. Reliable indeed. Thats right. Thank you. Casino mogul steve wynn resigned overnight. Wynn says he has become the focus of an avalanche of negative publicity. The wall street journal first reported the allegations last month. Vladimir duthiers from our streaming station cbsn is here. Good morning. Good morning. One day after it came out, wynn announced he was stepping down at the rnc finance chair. It was after a decadeslong misconduct. For decades steve wynn has been a titan on the las vegas strip. Stand up, steve. Stand up. Reporter but after the 2016 president ial campaign, he also set his sights on washington. Steve is always calling. Hes always got advice, right, steve . Reporter the longtime business rival and friend of President Trump served as a the finance chair until his resignation last month after the journal published articles that he pressured others into sex acts and also with a manicurist. He settled with her. His resignation from wynn resorts came a day after the Las Vegas Review journal admitted it held a story in 1998 alleged wynn pressured a server at one of his hotels into sex. Wynn allegedly told the woman because he wanted to experience sex with grandmother. The Las Vegas Review journal is currently owned by one of wynns rivals. It isnt so much the core of what im doing. Reporter he spoke with cbs this morning. Id like to be known as someone who designs a building and is close to its employees. It was said publicly adelson did not have advance notice of the story published monday. Wynn is facing allegations by two states. Hes calling the assault allegations against him preposterous. It is quite a shift given that hes considered like the founder of small las vegas. Im still processing that line, still wants to experience sex with grandmother. I dont know what that means exactly. Me neektder. Me either. Viewers, write in with your thoughts. Vlad, thanks. President trump said hes ready for another Government Shutdown tomorrow if he doesnt get the immigration reforms he wants. The president said, quote, id love to see a shutdown. He spoke while Top Republicans and democrats praised the recent progress they made in their budget negotiations. They held a discuss of Gang Violence yesterday at the white house. He wants congress to approve 25 billion for a border wall along mexico. Congression leaders want to settle the budget issue before they get to immigration and Border Patrol security. Margaret brennan is at the white house. Good morning. Good morning. They appear to be closing in on a deal to boost military spending and set funding levels for two years, but if this agreement falls through, theres no clear plan how to keep the government open past midnight tomorrow. Id love to see a shutdown. President trump threatened another Government Shutdown if his Border Security demanding are not met. If we dont change it, lets have a shutdown. Well do a shutdown. Even fellow republicans at the table oppose a shutdown. Virginia congresswoman barbara. We dont need a Government Shutdown. You can say what you want. Were not getting support from the democrats on this legislation. The president s shutdown threat came as both parties on capitol hill were actually close to a deal to averdict one. I think were on the way to getting an agreement. But it would not approveny immigration changes. Last month the government shut down. It wes over the dreamers. President trump has offered a potential pathway to citizen shim for 1. 8 million dreamers in exchange for 25 billion in boarder security. White house chief of staff john kelly questioned why only 690,000 had previously signed up for protection. Some would say theyre too afraid to sign up, others are too lazy to get off their asses, but they didnt sign up. He later explained it. They should have gotten up off the couch to sign it. That doesnt matter now because President Trump has given them the status. If the president was really adamant, he could veto the plan that both sides are working on if it doesnt include his request for border wall funding, but yesterday White House Press secretary Sarah Sanders said despite what the president had earlier said, the white house is not advocating for a shutdown. Norah . All right. Margaret, thank you. The pentagon is working on a grandpa raid requested by the president. A spokesman tells cbs news plans are in the early stages for an event in november. That could coincide with the 100th anniversary of the end cth anniversary of the end of world war i. President trump brought it up after watching the bastille day parade. He said it was one of the greatest he had ever seen. The last military parade in washington was 27 years ago. They marched through to celebrate the u. S. Victory in the 1991 gulf war. The Dow Jones Industrial average opens this morning after rebounding from its lowest drop in history. It bounced back with a 567point gain by the close. The dow reclaimed almost half of what its lost in mondays plunge. Cbs Financial News contributor Mellody Hobson is hero e to sor it all out. You said to get relax and prepare for the bumpy ride. On monday the machines were trading. The algorithms stepped in. Yesterday the Institutional Investors stepped in and they were buying on the dip and thats what pushed the market up. So volatility is something we need to get used to . Especially since weve had unusually low volatility. It actually doesnt make sense how low its been. Last year we did not have one day, not one, where the market closed down 2 or more. Not one day. That is just that just doesnt happen. If you look at the years before that, five times it happened, four times, 21 times in 2011. So weve had this unusually low volatility period. Its lulled us into thinking its gone away. So, yes, get used to it. Give us the framework for understanding the future volatility. Is it because the economy is doing well . The reason they should think about it is the natural course of the market. And so up and down days are normal. We went through this period where literally every day the market was up. As that famous saying goes, trees do not grow to the sky. It does not work like that. The market gives, the market takes away. Over the long term we see an upward march. How much are they impacting the market, do you think . They havent. That is what has been so bizarre, i have to say. The market has just walked off the dysfunction in washington. Its walked off some of the dysfunction around the world. Do you think we have to borough a Million Dollars . Looming Government Shutdown. Nothing. And so that actually has been also unusual and one would have expected more volatility from the politics and the rhetoric. Thanks, mellody. I think were going to be talking with you again if theres more volatility. A powerful winter storm is creating travel problems for millions of people this morning. The storm stretches across roughly 1,800 miles. Its expected to drop snow, ice, and rain in more than two dozen states. A significant amount of ice is expected in the south and midwest. Heres a look at snow falling this morning near youngstown, ohio. 4 to 8 inches are expected there. Its forced the cancellation of hundreds of flights. Amtrak faces a new gas after another train incident. Two passenger cars separated at high speed. It left from boston to washington. It was traveled through maryland when the second and third cars split where passengers can move between cars. It was going 124 miles an hour at the time. Up in of the 150 people on board was hurt when the cars came apart. Theyre investigating the cause. A 911 tape shows Rob Gronkowski was very calm when he reported that his house had been robbed. He called police less than 24 hours after his team lost to philadelphia in the super bowl. It was in minneapolis. Wheres your emergency . Hello. This isnt an emergency. This is Rob Gronkowski and while i was gone my whole house was robbed while i was on the super bowl trip. A Police Report said the intruder broke a window to get inside the home. Its not revalued what was taken but rob and two roommates reported items had been stolen. He was very calm. When he said the whole house, i was thinking couches, curtains always disturbing when your privacy is violated. Millions of families face higher tax bills from the new federal tax overhaul bill. Ahead, how some are tightening their announcer this National Weather report sponsored by toyota. Proud partner of team usa. Quentin tarantino faces new backlash dpeenlding Roman Polanskis alleged rape of a 13yearold girl. Ahead, why hes wrong and how his words caused her pain. Youre watching cbs this morning. Announcer this portion of cbs this morning sponsored by nicoderm cq. That was it. Now i have nicoderm cq. The nicoderm cq patch with unique extended release Technology Helps prevent your urge to smoke all day. Its the best thing that ever happened to me. Every great why needs a great how. If you have moderate to severe plaque psoriasis, Little Things can be a big deal. Thats why theres otezla. Otezla is not an injection or a cream. Its a pill that treats psoriasis differently. 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