these folks weren't rioting like we have seen the past several days. they were there to clean up. now the problem is that the violence, looting and arson has spread to sever other british cities besides london. also a nationwide manhunt for two brothers and their older sister accused much opening fire on a florida police officer, then robbing a georgia bank. you're seeing the three siblings there and authorities do consider them armed and extremely dangerous. all right. wall street did a bit of a u-turn yesterday and thank goodness it did. we don't know exactly what it's going to do today. but we are waiting to see. that is coming up for us in about 29 minutes from now. the dow closed up 429 points yesterday. however, that was a reversal of fortunes from monday's loss of 634 points. christine romans in new york for us. alison kosik at the new york stock exchange for us. christine, 29 minutes away. what is going to happen? >> reporter: futures are lower and alison can tell you about that. the market after a prehistoric fed decision trying to figure out what it's going to do next, what investors are going to do next. they are still blaing the risk we are in a rut or another recession. the fed's decision yesterday was to keep interest rates low through 2013. weakness in the economy and jobs and housing and spending and saying things were weaker than they thought a few months ago but saying they have a range of policy tools and that is key word we are keeping rates really, really low but if we have to do something we might be able to do it and will be able to do it and it's those words there is one of the reasons got going on the upside yesterday. but you got to be careful here. we have a lot of people talking how bad it feels in the economy and does this big stock market rout the past few days set the stage for more weakness in the economy and how weak will it get? i predict treacherous, treacherous politics and treacherous, treacherous markets the next days and weeks. >> alison, you heard her say treacherous markets the next days and weeks. we are trying to go day-to-day right now. you're keeping your eye on the futures. where do we stand when this thing opens in a few minutes? >> reporter: looks like we start with losses. in fact, the losses accelerated the past few minutes. dow could open down more than 100 points lower, despite that, we are seeing gains that happened overseas. take a look. gains in the asian and european markets up 1% to 2%. we are trying to see what happens you see the tide turn if you bind up getting smaller gains and losses at the close, because that would wind up showing that the market is trying to find some equilibrium, balance. you have to admit the price swings are dizzying we have seen lately. they are huge and happening a lot. we want to see the market have smaller gains and losses throughout the session and especially at the close of the session. you look at yesterday. the dow crossed back and forth over the break even point. more than 30 times yesterday and analysts say guess what? we will continue to see the big moves in both directions. despite yesterday's rally, we are still seeing signs of weakness in the economy overall. oil plunged below $80 a barrel yesterday. good for our pocketbooks but it's also a sign of a slowing economy. now it is coming back just a bit today but it is just a relief rally. i'm talking about oil. we are watching yields of ten-year treasury bonds. they hit a record low. that is considered a safe haven. it's good news for us who have mortgages because that is where our mortgage rates are based on. this is mostly a reaction to the fed saying it's going to keep interest rates low another two years. >> alison kosik, we will see you plenty within the next couple of hours here. the markets open bottom of the hour. we will be there for you. alison, thank you so much. turn to washington, d.c. now. i need to tell you about a super committee being put together. you say what does that mean? it's important. these are the folks who are going to be confronting the deficit heads-on. the folks will be deciding the cuts in the budget that could directly impact you. what you're seeing there are three of the first members that we have found out about for the super committee. the senate majority leader harry reid those the three you're seeing there. you saw senator murray and nor kerry and you also saw senator baucus. a lot of people are questioning already the choice of senator murray of washington. she is the one that they call the fund-raiser in chief for senate democrats and already controversy. but you see the other folks. pelosi, mcconnell and boehner also are going to be weighing in with three choices each. they have a little time to make up their minds but we could be hearing from them soon. let me bring in joe johns who is in washington, d.c. for us. joe, this is supposed to be a bipartisan committee that is supposed to end the deadlock we have seen in washington and the first three picks we see already there's some bickering over it. not a good way to start out with the super committee. >> reporter: right. right. i think you hit the nail on the head why do we care about another congressional committee? because they are going to make some very basic decisions about government spending that could touch you on main street. now, this is senate star power, these first three named by majority leader harry reid. the top party leaders in the house and the senate, each get to choose three people. that adds up to six democrats and six republicans. the question who is the tiebreaker if there is is a deadlo deadlock? the one senator on this list attracting attention is patty murray, washington state, member of the appropriations committee and budget committee and head of a committee that helps gets democrats elected to senate and she has to spend money to do that. dscc have been out front opposing medicare cuts. that could be an issue that comes up in these negotiations. the republicans saying that should disqualify her from serving on the super committee. other people, senator max baucus of montana, chairman of the senate finance committee, one of the true experts on taxes and tax breaks, he's known as something of a deal-maker. the last man, of course, senator kerry from massachusetts. the former democratic presidential nominee. politico saying he lobbied for a spot on this committee because he wants a big investment in the domestic policy achievement arena. >> joe johns, appreciate that. i want to stay in washington, d.c. we could have somebody else jumping into the presidential race. let me bring in our deputy political director paul stein ha hauser now. if he walks like a republican candidates and talks like a republican candidate and he visits primary states like a republican candidate, he must be a republican candidate? >> reporter: sounds like it and he is definitely a frequent flyer this weekend. we call rick perry's hat trick or trifecta. while the attention of the most campaign rule will be in iowa for the straw poll on saturday rick perry in south carolina on saturday afternoon giving a speech and he will pretty much declare his intentions. not formally saying he is running for president but make it obvious. then we learned he will go new hampshire later that day and then back in iowa. he will be hitting the crucial primary caucus voting states this week and pretty good indication he is about in for the race for the white house. remember mike huckabee? he is not running this year and said he is not running for the nominati nomination. at that straw poll at ames on saturday he's on three stages. he is perform at herman cain's tent and rick santorum's tent who is also running for the nomination and he will perform at tim pawlenty's tent! pawlenty the former minnesota governor who is running for the white house. huckabee a pretty good guitar player and can rock it. >> you mentioned santorum. he hasn't gained a whole lot of attraction necessarily. why is he taking time off for the campaign trail? >> reporter: i guess a pretty picture. check this out. here he is yesterday in iowa at the field of dreams. remember that movie from 1989? pretty popular movie. kevin costner and james earl jones and now a museum i guess you can visit on the set where they intermediate that movie and what rick and his family doing as they made the rounds in iowa. all of the candidates about all of them in iowa for debate and that straw poll. >> paul, thanks so much. your next political update in an hour. always get all of the political news 24/7 at cnn/politics.com. i want to turn to a story we have been keeping an eye on the past several days in london. where the british prime minister david cameron meeting with his crisis team after several nights of rioting and violence there. much calmer at least in the capital of london last night. where most of this rioting and violence has been taking place. the problem now is that the violence is spreading to other cities. the prime minister is vowing to do whatever is necessary to restore order even though so far, nearly 800 people have been arrested. >> we needed a fightback and a fightback is under way. we have seen the worst of britain but i also believe we have seen some of the best of britain. >> he spoke about the worst of britain and to a lot of our viewers you may just be listening to the tv for a second. i want you to stop and watch it. because there is some video that kind of captures what has been happening there. you have seen a lot of this riot video but this is a little different here. this is something that was posted on youtube. it's a riot victim and it appears this person is injured and it appears that other people are starting to come over and help him. but that's not really what is happening. take a look and listen to this. >> actually, helping him up. oh, my god! he just took something from his backpack. >> again, this coming to us from youtube. you can see that young man looked like he was bleeding there and got caught up in the riots and people had come over. it happened they were trying to help him and then they started to essentially robbing him. david cameron referred to that video today during his remarks. much more from london coming up this hour. also coming up this hour, wisconsin democrats fall short in a recall election, but the drama there is not over yet. also the markets keeping a close eye on them. monday down 634 points. tuesday, up 429 points. the ride starts again at the bottom of the hour. hold on. 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[ male announcer ] eliminate tough odors with febreze air effects so you can breathe happy guaranteed. quarter past of the hour. checking stories across the country. stop me when you've heard this before. a blond-haired american woman goes missing in aruba. this time we are talking about that woman you're seeing. 35-year-old robin gardner of maryland vacationing there and was last seen august 2nd. the person she was traveling with says he hasn't seen her since they went snorkeling. authorities now detained him as the search continues. also the first home built by franklin roosevelt? look what is left of it. this is in warm springs, georgia. it burnt to the ground shramed lightning we are told may have caused this fire. roosevelt lived at the cottage before becoming president. also a delta air lines passenger says she couldn't get in her seat because there was an overweight man in the seat next to her and he took up both. now, amanda parker says employees suggested she take a later flight. but they didn't say that to the man. now she is upset that delta is now responding and saying, quote here, the passenger seated next to a passenger of size rays the issue to a flight attendant the passenger will be moved to another available seat, if available. if the flight is full, we work with both passengers to reaccommodate, in their words, one of them on a later flight. they are kicking politicians out of office in wisconsin. four of six republican state senators in wisconsin are able to hold to their jobs after yesterday's recall vote. the vote comes after a huge state political battle which stripped some union rights from public workers. our ted rowlands at the wisconsin capitol. remind viewers why this is not just important for wisconsin. this could have implications down the road for us all. >> reporter: basically, this played out in wisconsin but this had the country's attention from both sides, money flowed into the state of wisconsin during this recall process because there was a lot at stake. what was at stake was the issue of labor and union rights in wisconsin. now in wisconsin because it is law, governor walker's budget repair bill at the time in february now law, restricted union rights for public employees. and that got the attention, as you might imagine, from unions across the country. the worry here from democrats and union leaders was if it happened in wisconsin, it would happen in other states. what did they do? they said we are going to recall all of you republicans. they launched this recall effort. they were successful in getting the recall effort to the voters. however, last night they were unsuccessful in that they didn't regain control of the state senate. they needed to win three spots and only won two spots. they are spinning it as a victory because they say they sent a clear message to people around the country, if you mess with labor, you're going to possibly pay the price with your job. republicans, on the other hand, are saying, hey, we won and there is no doubt about it, they tried to recall us, they tried to change the balance of power here in plamadison and it didn' work out. bottom line, $30 million spent on the recall elections in wisconsin. most of that money came from out of state, played out here, but there were people around the country watching very, very closely. remains to be seen what message will be sent now and if other states will follow suit in terms of trying to restrict union rights. >> ted rowlands there for us in the capitol, good to see you as always. 18 minutes past the hour now. the value of your 401(k) is falling. that's bad. but mortgage rates are falling as well. that could be good. maybe this is a good time for you to buy. maybe refinance. clyde anderson is one might have weekend buddies is coming up with the advice need to hear. stay with us. l to help your enge l to help your enge run more smoothly by helping remove deposits and cleaning up intake valves. so when you fill up at an exxon or mobil station, you can rest assured we help your engine run more smoothly while leaving behind cleaner emissions. it's how we make gasoline work harder for you. exxon and mobil. discover aveeno positively radiant tinted moisturizers with scientifically proven soy complex and natural minerals. give you sheer coverage instantly, then go on to even skin tone in four weeks. aveeno tinted moisturizers. 21 minutes past the hour now. we have breaking news. i want to go directly to our pentagon correspondent barbara starr on this. this has to do with that helicopter that was shot down killing the 30 american service members. >> reporter: that's right. we just stepped out of a briefing now being conducted by general john allen, the top commander in afghanistan are, and he has announced the u.s. military has killed the insurgents they believe that were associated and responsible for the downing of that u.s. military helicopter on saturday that killed 30 american troops. in fact, they have issued a statement saying that they have now killed, and i quote, the insurgent who fired the shot and other taliban leaders associated with all of this. what has happened, apparently, is after the helicopter incident, they got additional intelligence about who these people were and they went and tracked them. they say that they called in an air strike as the top insurgents apparently were trying to flee afghanistan back across the border into pakistan. so they called in an air strike in the last several hours and they are convinced that they got the people responsible for the shooting down of the u.s. helicopter. the question on the table, that will be a question for investigators that we asked general allen, is if you called in an air strike to kill them this time, why when you were looking for them the other day did you put so many special operations forces right into harm's way and bringing in a helicopter that was potentially, potentially vulnerable? general allen says he is comfortable with that decision that so many special forces were put into that position, but it is still going to be a question for investigators, regardless. you had a number of army rangers on the ground. you had 22 navy s.e.a.l.s of big contingent of special forces and now they got their target by an air strike. t.j.? >> barbara starr, appreciate that important update this morning. you get more, by all means, let us know. we will get you back in here. thank you so much, barbara starr. 23 minutes past the hour. you remember talking about the downgrade of the u.s. credit. they said when that goes down, there is going to be an issue and mortgage rates, interest rates. we could see these things rise. you might end up having to pay more to borrow money. but we are seeing the opposite right now. at least in terms of mortgages. so is this a good time to buy or refinance? clyde anderson, financial analyst, go to see you here. >> good to be here. >> why is this happening? explain to people because it seems like the opposite we were told was going to happen. >> the main reason it's happening. the ten-year treasuries is what dictates or is tied to mortgage rates with a 30-year mortgage rates. everybody thought when we lost our aaa rating these would go down. when those go down, mortgage rates go up. it's the opposite relationship. what happens is people are looking for security and going and still investing in these sturts and ten-year notes to the mortgage rates are going down. >> how much time to jump on it if you want to? >> everything so uncertain we don't know. i think the thing is if you're interested in buying time now is to buy. take advantage. these are historic low 80s rates so the time to do it. we are talking about 4.3 on interest rate and now the feds are talking about keeping the rates low into 2013. we don't know how long the mortgage rates will stay low but now is the time to do it. take advantage of it. >> the two years we are hearing a lot of people, is it a mistake in your own mind to think, okay, i got a little time here. >> oh, yes, definitely. >> you're saying jump on this? >> jump on it. we can see what happened the last three days. a lot of uncertainty and don't know what is going to happen in the market. right now it's great. great as far as interest rates an