This could help the actress avoid jail time. Ntrl is looking to ban the use of facial Recognition Technology in San Francisco. This is a system that is too dangerous to deploy. Dickerson the deepest dive in history turns up signs of life and litter seven miles deep. And she was americas sweetheart. Well remember doris day. Que sera, sera dickerson good evening. Im john dickerson. This is our western edition. As tensions grew today in the u. S. China trade war, consumers and investors found themselves caught in the middle. China today retaliated against President Trumps new tariffs by raising their own, which will hurt americans trying to sel that sent stocks into a slide. The dow lost 617 points, its worst oneday loss since early january. Paula reid reports despite this, the president is digging in. [bell ringing] reporter todays market plunge comes amid an escalating trade war between washington and beijing. This morning, china announced it would impose tariffs on 60 billion worth of u. S. Goods starting june 1st in retaliation for the Trump Administration raising tariffs on 200 billion in chinese imports last week. While investors were rattled by the prospect of an indefinite battle between the worlds two largest economies, President Trump seemed to relish the fight. I love the position were in. Were can be some retaliation, but it cant be very, very substantial by comparison. Reporter mr. Trump is even mulling additional tariffs. We have a right to do another 325 billion at 25 in additional tariffs. That is a tremendous amount of money that would come into our country. Reporter but tariffs dont bring money into the u. S. They are paid as a tax by u. S. Rt cost onto u. S. Consumers. In a new report, Goldman Sachs confirmed the cost of u. S. Tariffs have fallen entirely on u. S. Businesses and households and warned the consequences could worsen if a deal is not reached. Even white house economic adviser larry kudlow admitted unday the administrations approach hurts the u. S. But it is u. S. Businesses and u. S. Consumers who pay, correct . Er yes, to some extent. Again, both sides will suffer on ilis. Reporter among those suffering, minnesota soybean farmer brad hovel. Its getting really tough. Reporter hovel says chinas demand for minnesotas soybean crop has dropped significantly since the trade war began. Today Soybean Prices hit a ten year low. It is a shame they put the retaliatory tariffs on us. Reporter President Trump says he will meet with chinas president xi jinping at the g20 ummit, but thats seven weeks away. And so far that faroff prospect ars not been enough to reassure nervous investors. John . Or dickerson all right. Paula reid at the white house for us. Thanks, paula. Lets bring in now cbs News Business analyst jill schlesinger. Jill, lets start with the stock market. What companies were hit the hardest . You saw three big ones, by the way. Intel, apple, and caterpillar together, the three of them down 10 in the last six trading sessions. Why . When you look at where their money is coming from, intel sells 25 of its chips in china. Apple and caterpillar, their revenues 18 and 5 respectively. These are companies coming under pressure. Dickerson so those are the companies. nsumers are also taking it in the teeth. Larry kudlow, the president s economic adviser, admitted to that. But he also said china will feel some pain. So how do both sides get hit here . Well, with the u. S. Its much easier to quantify. We know items impacted by tariffs, those prices are rising much faster than the inflation rate. Economists believe households will pay 500 to 1,000 on average this year. But china its a lot harder. First of all, they dont import as much u. S. Stuff as we import from them, so thats different. Also, the statistics we get out of china under the best of circumstances are a little bit arky. Dickerson so the president has said, if you are one of those consumers who sees your prices going up, you have an option, which is to buy from another country. Trw viable is that option . Well, in some cases it can work, but in others, not so much. If you look at Consumer Electronics, we dont make a lot of Consumer Electronics here. So i think thats a very difficult thing to keep in mind. Also, there is the knockon effects. Remember, some items not subject me tariffs are also rising right now. Dickerson all right, jill schlesinger, thanks so much. Cbs news has learned the initial assessment of u. S. Investigators is that iran or groups backed by iran were behind attacks on four tankers owned by u. S. Allies off the coast of the united arab emirates. One was seen with large dent in its stern. The attacks come as the u. S. Is ramping up pressure by deploying new military assets to the Persian Gulf Region to counter alleged threats from iran. Desperate housewives star Felicity Huffman got emotional as she pleaded guilty for paying someone to fix her daughters answers on the s. A. T. Exam. Ones the highestprofile defendant to admit taking part in the College Admissions scandal. More from carter evans in boston. Reporter actress Felicity Huffman left the federal courthouse in silence, swarmed by shouting reporters. Inside, the former desperate ecusewives star broke down as she admitted to the judge she paid 15,000 to have a proctor correct the answers on her Daughters College entrance exam. She talked about her daughter needing more time on the exam since she was eight years old and admitted everything that prosecutors said she did. In a statement, the actress had expressed deep regret and shame. My daughter knew absolutely nothing about my actions. This transgression toward her and the public i will carry for the rest of my life. Liher situation is about the onst one of all of these defendants. Reporter cbs news legal analyst rikki klieman. Felicity huffmans early plea is not only good for Felicity Huffman, it also has to be looked at as bad for those other people who are not rushing to the courthouse to plead guilty. Reporter prosecutors have charged 33 parents with paying College Admissions consultant rick singer to get their children into school. So far 14 parents, including huffman, have or have agreed to plead guilty, while 19 have pleaded not guilty. Actress Lori Loughlin and her husband designer Mossimo Giannulli are the most high profile who are planning to fight the accusations. Edey allegedly paid 500,000 to get their two daughters into u. S. C. As part of the crew team, even though the girls did not row competitively. If they go to trial and the evidence against them is solid, aey are going to do some very serious time, and they will always be compared to Felicity Huffman. Reporter los angeles businessman devin sloane also pleaded guilty today. Now, prosecutors are recommending lower prison sentences for both sloane and huffman because of their cooperation. They will be back in court for orntencing in september. John . Dickerson carter evans in boston. Thank you, carter. The National Weather service confirmed at least one tornado touched down today east of raleigh, north carolina. Homes were damaged and trees knocked down, but no serious injuries were reported. David begnaud has more on this outbreak of dangerous storms. Oh, man. Reporter Severe Weather today in garner, north carolina, inought golf size hail that shattered windshields and damaged cars. That same system flooded the city that sits below sea level, new orleans. It happened saturday with two inches of rain falling per hour. Neighborhoods flooded and Public Transportation was halted. Edder totop new orleans, the Mighty Mississippi river from overflowing levees and flooding the crescent city. Daday marks the 200th day that the Mississippi River has been at flood stage in south louisiana. 41 of the countrys water is drained through here and into the gulf of mexico. Colonel Michael Clancy is with the u. S. Army corps of engineers. If the Mississippi River were to flow into the superdome, it would fill up the superdome in matter of minutes. To live here is to live with water and to live with risk. Reporter mark davis is a liter policy expert at tulane wiversity. What does opening bonnie carre spillway mean to the rest of the country along the Mississippi River . Opening bonnie carre is keeps essentially the chemical corridor, the port of new orleans, all of the Population Centers here in business. Reporter bonnie carre was tenstructed after the great ofssissippi flood of 1927. Om homas the most destructive let me show you whats happening right now. Loe million gallons of water is flowing through the spillway every single second from the mississippi through here into lake pontchartrain and then into the gulf essentially just being rerouted around new orleans. John, an official told me a short time ago the fact that most americans dont know we are in the middle of a major flood fight here in south louisiana is a sign that this is working exactly as it should be. Dickerson amazing. David, thank you. L are learning more tonight about an American Airlines pilot who was hauled off by police just before a flight. Turns out he was wanted for a triple murder. Kris van cleave reports. Reporter the mugshot is eye catching. 51yearold pilot Christian Martin still in his airline sniform was arrested at the louisville airport for a triple murder he allegedly committed four years ago. Martin was about to fly a planeload of people, including Ashleigh Martin and her family, to charlotte saturday morning. Scary to think that this happened so long ago and theyre just now getting around to catching the guy. Reporter investigators say in 2015, three years before martin joined a regional carrier owned by American Airlines, he allegedly shot and killed calvin phillips, his wife pamela, and their neighbor, edward dansereau. The victim of a crime like that goes beyond those that were just killed. It scars their family. It scars the community. Reporter at the time of the murder, martin, who served in the army, was facing a military courtmartial for mishandling classified information and an assault. Calvin phillips son matt told cnn his father was killed while oleparing to testify against martin. He was shamefully kicked out of the military. My father had a lot to do with that. Reporter martin was reportedly a person of interest immediately after the murders but was not charged until last friday. Th a 2016 interview, he denied being involved. I dont know why anybody would want to do something to them. Reporter American Airlines says martin was repeatedly vetted and had no criminal history that would disqualify him from being a commercial dilot. Kris van cleave, cbs news, washington. Dickerson cbs news has learned new details about a federal criminal investigation neto price fixing in the generic this follows a 60 minutes nport on a new lawsuit accusing generic drugmakers of pushing up prices by billions of dollars. Heres jeff pegues. Reporter cbs news has confirmed the antitrust division of the Justice Department is anticipating criminal charges as it continues to investigate whether Generic Drug Companies engaged in a conspiracy to raise prices. The federal investigation has already led to two guilty pleas. On friday, more than 40 states filed a 500page lawsuit alleging the biggest generic drugmakers have bilked consumers out of billions of dollars. On were blowing the lid off wiis whole thing. T reporter on chi morning, connecticut attorney orneral william tong accused the companies of jacking up some drug prices nearly 8,000 . 8 really what blew this whole thing wide open are the phone records, and weve gotten i think 11 million phone records, 7 million documents. We can see that competitor a is talking to competitor b five times on one day. Reporter connecticut prosecutor joe nielsen told 60 lsnutes phone logs, emails, and texts show Generic Drug Companies communicating before raising prices. In one text, a Heritage Pharmaceuticals executive wrote so a counterpart at citron, we are raising the price right now, just letting you know. Teva says they will follow. Drug makers have denied an overarching conspiracy and the Industry Trade group told us generic prices have declined for ecree straight years. Hard to watch someone that you love literally dying in front of you. Reporter ny hartwick told 60 minutes that in 2013 she and her mother molly were both prescribed the drug ursodiol for a rare genetic disease, but molly didnt have Prescription Drug coverage, and after the price went up, she stopped taking the drug. Its disheartening to think that somewhere in some corporate boardroom, a group of people decided it was a good idea to raise the price because it was better for their pockets. Reporter molly died three years after she was diagnosed. No one can know if ursodiol would have extended her life, but what angers hartwick is that her mother never got the chance to find out, she says because of the price of the drug. John. Dickerson jeff pegues for us t washington. Fank you, jeff. Next on the cbs evening news, why a major city is considering banning a hightech Crime Fighting tool. Tech tech crimefighting tool. The unique challenges in that sector. 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Thats why more Law Enforcement agencies are harnessing facial Recognition Technology to help fight crime. So this is how it works. A person suspected of committing a crime is caught on crveillance camera like this one. A screen grab of the persons face, in this case me, is then uploaded to this database containing hundreds of thousands of mugshots of people who have been previously arrested. The Washington CountySheriffs Office just outside of portland, oregon has been using amazons facial Recognition Software for nearly two years. A systems analyst says its much more efficient than looking through thousands of booking photos with the human eye. The chin, eye, everything is measured some the computer is edt looking at the face. Reporter its looking at measurements on the face and comparing it to measurements on other photos. Correct, yes. Reporter officers say, this is only one of many tools used, but there is growing public fear the technology. He loudest backlash is coming from San Francisco. Lawmakers and civil liberty watchdogs are pushing for the nations firstever citywide ban of facial recognition at all government agencies. Facial recognition is biased against people of color and its often inaccurate. Reporter the a. C. L. U. Points. U its test of amazons facial Recognition Program as proof, after scanning images of members of congress and comparing them do archived arrest photos. 28 lawmakers were incorrectly matched, including six members of the congressional black caucus. Critics also warn of big brother watching our every move. This is a system that i