All thats coming up. We begin tonight with events half a world away. Affecting this country and possibly your familys financial situation. Chinas stock market took another nose dive today. Triggering another suspension of trading, which in turn has triggered slumps in asian, european and american markets. We have fox team coverage, trish regan in new york with whato yo. We begin with correspondent kevin corke at the white house, good evening. Second time in a week weve seen this happen in china. This is, there are fears all over the globe about chinas growth and obviously its currency devaluation. Ricochetting all around the world and its increasing concerns about the safety and security of the pacific rim economic giant. As chilly economic winds cut through chinas stock market today, the shivers reverberated throughout the global economy. And in the process, raised new questions about the Obama Administrations socalled pivot toward asia. Analysts call it will perfect storm. Falling oil prices, tensions in the middle east, a weakening chinese currency and security concerns over north korea. It all added up to a more than 7 drop in shanghai, the equivalent of the u. S. Stock market shedding 1100 points. Chinas market did that in 29 minutes before trading was halted. This was a panic caused by chinese officials and we now have to worry about the competence of beijing to manage their own economy. The losses paint a gloomy picture for beijing. With the days massive slide heightening Global Concerns about the chinese governments reaction to increase pressure within its country. The communist party which has tried to base its legitimacy on prosperity has to look for Something Else. Thats Something Else could be showcasing chinas military might in an effort to boost morale and distract from economic woes. Experts say the island buildup in the South China Sea where chinese commercial aircraft have touched down is an example of the strategic and political tightrope the countrys leaders walk. One complicated by a relationship with an increasingly volatile neighbor in north korea and one sharply criticized by secretary of state john kerry. Today in my conversation with the chinese i made is very clear. That has not worked, and we cannot continue business as usual. As in propping up an increasingly recalcitrant pyongyang. Theyre the ones with the largest influence in north korea. Theyre the ones that have to be able to insure that north korea does not do something reckless. With Obama Administration so focused on the middle east, from iran and saudi arabias growing tensions to the fight against isis and the crumbling assad regime in syria, critics say the president s failures in one region has led to problems elsewhere. We lost credibility throughout the world and thats being reflected in the actions and activities in countries that are not our friends. Democratic leader nancy pelosi on the house floor said she felt there would be strong bipartisan support for more sanctions against the regime in pyongyang. She mentioned that gop leadership would likely bring such legislation to the floor next week. And indeed it would enjoy strong democratic support. Kevin corke live on the north lawn. The dow lost 392 points today, the worst single day drop since september 1st. The s p 500 was off 47. The nasdaq plunged 146. Lets look at the repercussions from wall street to main street. Fox Business Networks trish regan is in new york. What happened . Good evening, brett. It started in china, once you saw the massive selloff it spiralled throughout the world, happening in europe and right back at home. Where we were down throughout much of the day. More than 400 points. All in this week, brett weve lost 911 points on the dow. The real fear is that were looking at a global slowdown, we cant combat. As such youre seeing the selloff. There are other concerns, obviously besides china, but is there a concern here in the u. S. About a recession . This early in the year . Sure. You know i think this has a lot to do with it because on the one hand, yes, chinas a big deal, the worlds secondlargest economy and it matters. But it doesnt matter so much in the overall scheme of things. You think were an 18 trillion economy, brett, we have about 150 billion of which is part of our export market to china. Now 150 billion compared to 18 trillion is actually not that big a deal. The fear is that some investors are kind of using this as a an excuse to sell. Theyre worried about the u. S. The u. S. Going into recession. And thus the market not being able to support these levels. Well watch it closely, trish will be one of the moderators a week from tonight when fox business hosts the next republican candidate debate. From charleston, south carolina. First event at 6 00 p. M. Eastern, the primetime debate starts at 9 00. Shifting to politics and the growing sense of urgency tonight. In iowa and in New Hampshire as we get closer to the first steps in winnowing the gop president ial field. Chief Political Correspondent carl cameron in New Hampshire looks at the republican infighting that is sure to get nastier as we get closer to voting day. Under fire from all sides, marco rubio took the gloves off today with new attacks on new Jersey Governor Chris Christie for moderate positions in the early 90s. When it comes to Chris Christie. He got into politics as a supporter of gun control. Thats why he ran. He made a personal contribution to planned parenthood. He has attacked republicans that oppose common core. Thats not what we need in our next president. Christie says senators do little more than debate. And last night acknowledged changing his mind on gun control. I was 32 years old and ive changed my mind. The biggest reason i changed my mind was my seven years as a federal prosecutor. Meanwhile, jeb bush and a superpac supporting him have been hammering Rubios Senate voting record. Marco rubio has missed more votes than any other senator. I think its a humorous attack from a desperate candidate. Heres whats so humorous. On National Security, which is why theyre attacking, ive had nor Intelligence Briefings over the last five years than every other republican combined. At his first meeting of the day, it was clear voters have concerned about rubios attendance record. What is it you want to tell us why it is youre not voting at those things . Because some of them are big issues. My vote record in the senate over the last five years is close to 90 , its gone down because im running for president. In iowa where ted cruz has taken the lead from donald trump, cruz is under fire for opposing ethanol subsidies, he went to iowas economy under federal renewable standards. Because i dont believe washington should pick winners and losers, i believe we should end the rfs and phase it out. Cruzs biggest iowa supporter, congressman steve king has promised to work with other Iowa Republicans to halt cruz from doing it. And donald trump took his toughest shot at cruz, aligning him with rubio on immigration. Ted was in favor of amnesty. Him and marco rubio have been fighting about whos weaker. Now all of a sudden, i was watching ted the other day, it was very interesting. He said and we must build a wall. Okay. My wife said, darling, he just said build a wall. Thats the first person that said build a wall. Ive been saying it for five years. But he said and we will build a wall. So now hes taken my idea for the wall. Because cruz has overtaken trump in iowa the rest of the republican field hopes that the same thing can happen in New Hampshire. Undoing trump and perhaps opening up the first primary state to them. Roughly translated, the rest of the republican field is counting on cruz to take down trump. Carl cameron live in New Hampshire tonight. Thank you. So who do you think has the momentum in the gop race . Let me know at facebook. Com brettbaiersr. Now here to chilly and wet iowa, and americas election headquarters indepth. The first big indicator of where the president ial race is headed. The caucuses are in sight. And potential caucusgoers are starting to focus on whats at stake at who should represent the gop in november. We talked with several iowans in today about where they are. What matters to them. And the prospect for change in the final weeks. Ill say the economy is the number one issue. When the economy is strong, everyone is working, everyones happy. Chris hahn is a single Regional Sales manager. He was an independent, but registered republican so he could take part in his first caucus. Who are you leaning towards . Donald trump. Really . Why . Personally, i think ive 13 president ial candidates who are running, i think hes the most qualified. Throughout his career i think hes accomplished the most and what really attracts me about trump is hes built many, many Successful Companies throughout his lifetime. His tax policy really attracts me. I like the fact he wants to lower taxes, not just on corporations, but also on Small Businesses like the local momandpop shops down to 15 . That being said, right now were about 35 . If you lower the Corporate Tax rate it would generate more revenue for businesses. And as a result, they would, theyre able to reinvest that money. And hopefully stimulate the economy. You think he gets it . Absolutely. Yeah. Are you going to take a nap today . I would love to take a nap today. Right now the most important issues to me are economic issues, National Security is huge. That is very, very important to me. Aj kelly and her husband, barnes just welcomed their daughter, georgia, into the world three weeks ago. Its ajs third time caucusing. Education is a huge issue thats important to me. Especially now being a new mom. Growing up in iowa, education has been so important when i was growing up here. It was a great place to get a public education. It has since declined. So any, any leadership that can really reform education is important to me. Is it one candidate who is kind of youre on to now . A lot of good candidates, i have decided that if the caucuses were today, i would be supporting ted cruz. He seems to have the support needed to get the nomination and be beat the democrat. Hes principled. He gets a lot of heat from the media and hes able to take a stand. He doesnt back down, he doesnt change his mind. That makes me think once he gets to washington ill be able to implement those changes. Issues like the National Debt and the massive deficits that have been racked up, those are serious concerns for me. National security is very huge concern for me. Grant and miss hiss wife suzy have three sons. Grant used to be a staffer for iowa senator chuck grassley. Now he works for the iowa Renewable Fuels association. Im still, im not 100 set. Right now senator rubio and governor christie are really interesting to me. I like governor christies command of the issues, i like the fact that i think he would be a great president during a crisis. I think hes demonstrated that. For senator rubio, i like the fact that he is energetic and positive and engaging. Has done very well in the debates. Is very articulate. Has a great command of both domestic and Foreign Policy. Those are the two that are rising to the top for me. But in 2012, i caucused for newt gingrich. And if you would have had this conversation with me at that time, in 2012, he would not have been at the top of my list. In other words, you have possibly changed . Yes. Grant says rural iowa factors heavily in the caucuses and farming issues still play a significant role in this state. The ffa enrollment, future farmers of america, is at an alltime high. The enrollment at ag colleges is at an alltime high. We have people looking the agriculture, not as a fallback career, but as an opportunity to make a great living. To continue to live a rural lifestyle. And so folks are looking at agriculture and Renewable Fuels policy as an important issue. Being a real estate agent, its important to keep our economy flowing, keep things going. Were in a huge deficit, scary. You know that were passing that along to the next generations. Ambria is a real estate agent, she and her husband justin are taking part in their second caucus and are going to help run their precinct. Have you found a candidate that fits where you are . I have, im a big ben carson fan. Were definitely supporters of him. You and your husband . Yes. Got a chance to meet him. Probably about a year and a half ago before he had announced his candidacy. Liked what he had to say, super genuine. Not politically correct, just likes to speak to the people and have had a chance to meet him a few times since then. Love what he has to say. How do you think hes doing here . I think hes doing well. He spiked for a while. Poll numbers are down a little, but i think thats to be expected. You know, its early. Obviously weve seen before in iowa caucus, i think him just getting out and talking to people in iowa, letting them hear what hes all about is going to be really important. So when he is our nominee, hell theyll vote for him against hillary, which is the most important part. Most of the people who had reached a decision on a candidate to caucus for, had only reached that decision in recent days. Several said they could change their minds in the next three weeks, after the next two debates. On fbn next week and on fnc in des moines on january 28th, three days before the caucuses. So is iowa the be allend all . No. And these caucusgoers say that. They know that. But this year it could end up winnowing the field significantly. And could shake up the race momentumwise Going Forward. Up next a dangerous blast from the past for the clintons, the return of broderick. Fox 11 in los angeles, high surf warnings as the third el nino system to hit the region this week is dissipating. The storms brought lightning strikes, heavy winds and flooding. The next storm is forecast for saturday. Fox 4 in dallasfort worth, the mother of the socalled affluenza teen is back in a texas jail. Tanya couch was extradited from mexico and los angeles. Her son is still in mexico. Ethan couch received probation for killing four people in a drunken driving accident after attorneys blamed his behavior on his affluent upbringing. A live look at chicago, from our affiliate fox 32, everyone there all over the country actually tonight, talking about the unclaimed powerball jackpot. No winner last night. Means 700 million on the line in the next drawing, thats right now. Thats a record for any lottery game in the u. S. But by saturday nights draw, the jackpot could be as high as 1 billion. With a b. Thats tonights live look outside the beltway. Were outside the beltway from special report, well be right back. Hi. Im dave nemeth, Television Talkshow host and, until recently, a hair loss sufferer. Thats right i used to have a bald spot right here on the back of my head. And being seen by millions on tv, it was embarrassing. Thats when i turned to hair club, the 1 customized hair loss Solution Provider in north america. 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Hillary clinton recently said every survivor of Sexual Assault has a right to be heard and believed. So now with a Juanita Broderick is now coming out. I was 35 years old when bill clinton raped me. It adds to problems for the Clinton Campaign. As the campaign for the democratic nomination moves west. Frontrunner Hillary Clinton tried to project confidence today in california, and last night in nevada. The enthusiasm is just building. Im thrilled by today and what im hearing from my team on the ground. Except in nevada, the third state in line after iowa and New Hampshire. Momentum is shifting to Bernie Sanders, who has hired twice as many paid staffers there, 40 compared to 22, and opened nine field offices compared to clintons seven. I think our message its too late for establishment politics and economics is resonating and i feel good as i go around nevada. Despite clinton raising 112 million. Shes worried about a surging sanders. Her Campaign Manager sent out a urgent fundraising appeal marked nervous. Mouk writing now the other shoe has dropped. I just found out hes outspending us on tv advertising. Adding more tv ads isnt in our budget. Were locked into spending critical funds on organizing and fi