Pelley were going to begin tonight with the spreading epidemic of lottery fever. Americans have been buying tickets at a rate of 13,000 a second a second for tonights drawing. Since saturday, they have spent nearly 835 million for a chance at that elusive jackpot at the end of the powerball rainbow. It is now worth a record 1. 5 billion. Carter evans is at a store on the californianevada border. Reporter theres just one reason to stand in 30degree weather in the middle of the desert or in this case a billion and a half reasons. You get nowhere in life for reporter thousands have been waiting to buy a ticket just across the border at the Primm Valley Lotto store in california because nevada is one of only six states that does not participate in powerball. Mark mershant says this is his so you live in vegas now . Yeah. Reporter you know a little bit about odds. A lot. Reporter these odds arent so good. I dont know about that one. But you are awe hater. Reporter its no accident the jackpot soared. Back in october, powerball changed the rules in an effort to boost ticket sales with a bigger payout. Powerball started offering 69 numbers to choose from instead of 59, but that decreased the odds of winning the jackpot from 1 in 175 million to 1 in 292 million. The outlandish odds should keep people away. Were going to have a winner here tonight reporter instead, the lure of a lifechanging jackpot is too much to pass up. How long did you wait in line . An hour and 40 minutes. Reporter to malcolm oquinn, it all comes down to this. 20 for a billion and a half. Reporter there is one sure way to win and that is to play every single possible scott, to do that, it would cost you about 584 carter evans reporting for us tonight. A little trouble with his transmission there. A little bit later in the broadcast, were going to take you to the secure location where the winning numbers will be drawn tonight. Well, maybe a lot of those people are lining up after watching their lifes saving shrink on wall street. Today, the broad, continuing selloff accelerated and all three major market indexes fell to a level more than 10 off last years highs. The dow industrials have lost more than 7 in just two weeks. Our market watcher Jill Schlesinger is joining us now. Jill. Reporter this has been a rough first eight days. The dow is down by 7 . The nasdaq by 9. 6 . And the s p 500, the broader index, down by 7. 5 . So its been rough. Pelley why is this happening . Reporter you know, the broad concern is around global the fear is that if things slow down around the world, it will impact us here in the u. S. Were only growing by about 2 , 2. 25 right now, and, frankly, any kind of hit to that is going to hurt quite a bit. Also know that oil is trading at around 30 a barrel, another sign, perhaps, of global weakness. And finally, were starting up with earnings season, and theres a real concern that this is going to be a bad Quarterly Earnings season. A lot of companies pretty sluggish by the end of the year. Part of the reason they had to hire more employees and that took a bite out of their profitability. Pelley so, tell us, when is this going to stop . Reporter i wish i knew but heres what we do know. The hope is the market selloff really does start to get a little bit of legs underneath it when we get some more information. So maybe those corporate earnings are better than expected. If we get another Quarterly Earnings where its a negative earnings, it will be the third in a row. Also, we want to see oil prices stabilize. They dont have took up by a lot. They just have to stop falling. And finally, of course, what we need to know is how is the u. S. Economy doing . If we have more information to prove were on the right track, i think things will calm down. In the absence of information, fear dominates and thats when we get nasty days like today. Pelley Jill Schlesinger, jill, thank you very much. Slumping oil prices are one reason the oilproducing nation of qatar is shutting down the cable news channel al jazeera america. Al jazeeras arabic language channel has a reputation for being antiamerican. Also in Business News today, General Electric said its Corporate Headquarters will be leaving connecticut after 41 years and heading up to boston. G. E. Blamed an increase in Connecticut Business taxes. Today in detroit, some more schools were shut down again as teachers called in sick in a nearly 70 schools shut down this week. The teachers claim that the health of 46,000 students is in danger. And anna werner shows us why. Reporter some of these classrooms are cold . Very cold. Reporter at the Spain Elementary School today, some kindergartners wore their coats in class. In several rooms its just too cold for fiveyearolds. You can smell the mold through the hallway. Reporter School Counselor lekia wilson lead us on a tour. An entire section of the school is closed off, including the gym. You are seeing the result of rain coming right into the school. Reporter water leaking from the roof warped the wood floor. Now, the smell of mildew fills the air. You could have some champion swimmers come out of here. Absolutely. Reporter the School Swimming pool has been waiting for repairs for five years. Andre harlan is the gym teacher. How do you teach gym without a gym . Well, we do conditioning in reporter so they walk the halls. Or run. Reporter the state took over Financial Management of detroit Public Schools in 2009. The district is still 515 million in debt. Ivy bailey is interim head of the teachers union. We kept talking and faulking and talking and it was going on deaf ears. Nothing was changing and teach erpz were just fed up. Reporter Darnell Earley is the emergency manager appointed by the governor to fix the problems. Certainly, if we dont get the money that we need to deal with the debt situation, thats only going to make it worse. Reporter and one of the things earley says the district cannot afford is a new roof for spane elementary school. Doesnt that criet cryout for your view . Well, it cries out for the immediate action and my understanding is that there is a plan to do that. Reporter without an infusion of cash from state legislators, scott, the district says it will run out of money come april. Pelley anna werner reporting for us tonight. Today, iran released those 10 u. S. Navy sailors we told you about last night who were detained when their boat sailed into iranian waters in the persian gulf. Tonight, david martin explains how a potential crisis was defused. Reporter in video released by iranian television, the boarding of the two navy boats seems peaceful enough, but this tells a different story. The navy crewmen look like theyre being held prisoner. Then the lieutenant in charge is asked what the boats were doing in iranian waters. It was a mistake. That was our fault, and we apologized for our mistake. Reporter that contrasts starkly with Vice President bidens account on cbs this morning that one of the boats had engine failure and drifted into iranian water wheres they were, in his words, rescued. Theres no apology. For. When you have a problem with the boat, you apologize the boat had a problem . No. And theres no look for any apology. Reporter the crew was held for about 16 hours, and u. S. Them and found no evidence of mistreatment. So at least the incident came to a quick and satisfactory end. Which as secretary of state kerry pointed out is saying something when it comes to iran. I think we can all imagine how a similar situation might have played out three or four years ago. Reporter irans foreign minister tweeted, happy to see dialogue and respect not threats and impetuousness swiftly resolve the sailors episodes. What may have resolved it is irans desire not to derail the nuclear deal between the two countries. As part of that deal, the u. S. Is expected to begin releasing 1100 billion in frozen iranian of the assets in the next few days. Pelley today, president obama hit the road to silent ideas he raised in last nights last. The first stop was omaha. The president spent 40 minutes lisa martin who moved him with a letter in which she had expressed a sinking feeling of change. Mr. Obamas address took a number of jabs at the rhetoric of donald trump, and then, many were surprised when the republican response did the same. Campaign. As frustration grows, there will be voices urging us to fall back into our respect tribes, to scapegoat fellow citizens who dont look like us. Reporter following the president , South Carolina governor nikki haley, the daughter of indian immigrants, echoed his message of tolerance. During anxious times, it can be tempting to follow the siren call of the angriest voices. We must resist that temptation. No one who is willing to work hard, abide by our laws, and love our traditions should ever reporter today, donald trump, who has called for a ban on muslims entering the u. S. , hit back at haley. Shes big on amnesty, but very weak on illegal immigration, and so, therefore, we have a disagreement. I mean, she comes up to my office when she wants campaign contributions,ing and ive given her contributions over the years. Reporter trump has given halleys campaigns at lifetime 7,000 since 2010. Haley acknowledged today that she was in part speaking about trump. I understood that when i hit republicans and democrats, i was going to upset people. But they gave meet opportunity to say what i think, and thats what i did. Reporter Republican NationalCommittee ChairmanReince Priebus told us he thought haley was making a broader point. I of. I wasnt sitting there listening and thinking about fighting within the republican party. I was just thinking about just the political rhetoric in general should be cooled down. And ive always said things like that. Reporter conservative twitter trump ought to deport haley. Scott, priebus told us the republicans have had their fair share of drama and intrigue, but predicted they would unify, create a presumptive nominee by april and do so before the democrats. Pelley the first votes in iowa are 19 days away. A poll out today puts ted cruz ahead of donald trump by just three points. Marco rubio is third. Success in iowa always depends on getting to know the people there, and Dean Reynolds has this. Reporter burrowed within the wintry landscape of western iowa between moville and sac city is the town of thol steen, population 13 opinion. Its where youll find proprietor anne petersen. The place was buzzing this week because a candidate for president was stopping by. I am, i am. Reporter do you know how many are coming . Not a clue. Reporter so you dont know how many cookies i dont know how many cookies to bake. Reporter theres a great frequency and urgency to such events in iowa now as the caucuses draw near. The candidates, camera crews and correspondents are all part of the traveling show. I know a lot of other states feel we get a little special treatment but, you know, we dont have times square. We dont get the ball that comes down here. Reporter the remaining republican candidates have spent between 11 and 68 days apiece in iowa the last year, democratics have spent over 30 days each. Anne petersen has seen many over the years. Like who . I cant remember because none of them won. Its cold arent you cold . Reporter it was two below when Carly Fiorina came in from cold. applause reporter about 75 people, including 22 kindergartners measure. But its really cold. laughter reporter mark leonard is a regular at annes place. We have that privilege here in iowa, and if youve not met the president of the united states, its because you didnt really care to. It actually forces candidated to come here. Reporter stol holstein is heavily republican and energized. They know they may have a profound effect on u. S. History and they relish the opportunity as fleeting as it may be. You know, all you have to do is put forth a little effort and you can meet all of these people and its really nice. Reporter and one of them could be. Reporter could be some day reporter the president . Yeah. Reporter theres a story here in iowa about an older gentleman who was asked if hed made up his mind yet. He said he was leaning toward one candidate, scott, but he wasnt sure because hed met him only eight times. Pelley Dean Reynolds dean, thanks a million. Airlines are saving billions, so why dont they cut their ticket prices . Continues. Look, the wolf was huffing and puffing. Like you do sometimes, grandpa . Well, when you have copd, it can be hard to breathe. It can be hard to get air out, which can make it hard to get air in. So i talked to my doctor. She said. Symbicort could help you breathe better, starting within 5 minutes. Symbicort doesnt replace for sudden symptoms. Symbicort helps provide significant improvement of your lung function. Symbicort is for copd, including chronic bronchitis and emphysema. It should not be taken more than twice a day. Symbicort contains formoterol. Medicines like formoterol increase the risk of death from asthma problems. Symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. 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Airlines made almost 18 billion in profit. During that time, they were pace to pass 2014s record of 3. 5 billion in baggage fees, their planes flew 85 full, and the steep drop in fuel prices have the carriers pazzing in. Everything from the seat to the baggage being added on as extras and the prices are still not decreasing. Reporter the very first thing anybody heard about the airlines in january was they raised fares. The first raising of fares in a very long time. Time. Reporter jean medina speaks for the airline industry. Whats good news for consumers, when airlines are profitable, customers, communities, and investors and employees win because theyre reinvesting that money back into the business. Reporter the Airline Business boom and bust. Since 1990 the industry landed in the red. First class is getting more luxurious, but in the back theyre squeezing us tighter than ever. Reporter Charles Leocha is the chairman of the travelers united. The price of oil has dropped to such a low level has really given them a windfall profit and some of that you would think might be shared with consumers, either in the forms of lower fees or lower airfares or prams by giving us a couple of extra inches in the airplane. Reporter the airlines say airfares actually dropped by that pales in comparison to the drop in air price glz kris van cleave at washington reagan airport. Kris, thanks very much. The rams are about to prove you can go home again after this timeout. Your path to retirement. May not always be clear. But at t. Rowe price, we can help guide your retirement savings. For over 75 years, investors have relied on our disciplined approach to find long term value. So wherever your Retirement Journey takes you, we can help you reach your goals. Call a t. Rowe price retirement specialist or your advisor. To see how we can help make the most of your retirement savings. T. Rowe price. Everyones lookin red carpet ready. 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A. , but a traitor in st. Louis. Stan cronke, was on his way out of here. He wasnt going to stay no matter what we did. Reporter the mayor estimates st. Louis will lose nearly 4 million a year in tax revenue alone but the bitterness of losing a big sports franchise can last for decades. Nearly 32 years ago, the baltimore colting loaded up moving vans in the middle of the night to take them to indianapolis, something many baltimore fans still havent forgiven. In los angeles, naming rights for the new stadium could be worth 25 million a year. Work is already under way at the site of the new stadium that local officials project will create 12,000 permanent and parttime jobs. John blackstone, cbs news, los angeles. Pelley and well be right back. They call it planning for retirement because getting there requires exactly that. For more than 145 years, pacific life has been providing solutions to help individuals like you achieve bring your vision for the future to life with pacific life. 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