lining an anvil. in a matter of minutes, the dow plunged over 1,000 points. but it recovered about two-thirds of its losses still finishing down 347 points. it appears european debt troubles and a possible erroneous trade triggered the free fall. tara mergener is in washington with details. >> reporter: this was a painful reminder of just how fragile p financial system really is. the problem possibly caused by a type graf cal error. the securities and exchange commission is investigating whether a simple typo could have triggered one of wall street's most it turbulent days ever. the dow plunged nearly 1,000 points within a matter of minutes thursday. at one point shares of as send sure fell from $42 to a single pen thi. but by the end of the day, the market had regained two-thirds of those losses. >> clearly you tonight go down 100 points at a time and bounce off a low and come back. so probably something related to a system problem pl. >> reporter: government sfishls are looking in to room ors that a trader accidently placed an oil to sell $16 billion worth of futures instead of $16 million. >> we've heard fat fingers, somebody hit a button, sold too much. we heard eight different rumors in there. who knows which of them will actually be true or not. >> reporter: whatever the cause, congress wants to make sure it doesn't happen again. a house panel will hold a hearing next week to review the incident. the market was already shaky because of fears over greece's debt crisis. angry protesters have taken to the streets of athenss for days. it all came to a head thursday when lawmakers approved controversial budget cuts. it's still unclear whether greece's instability or a computer glitch sparked yesterday's free fall on wall street, but one thing is certain, neither situation is good news for an industeconomy trying to recover. and nasdaq says there was clearly an error yesterday and will cancel all trades made within a 20 minute period. the new york stock exchange is considering similar action. michelle, back to you. >> very interesting story. all right. tara mergener in washington. thanks. now to the latest on efforts to stop the massive oil leak in the gufld of mexico. a 100 ton containment box is being lowered to try to cover the leak a mile beneath the sur far, buts as manuel gallegus reports, success is far from a sure bet. >> reporter: the spreading oil still gushing 200,000 gallons per day, has now reached the shore of louisiana's coastal islands. the shiny crude covers a wide area of the gulf. it's creeping toward florida and is already spread into the mississippi delta, despite a major cleanup operation involving nearly 10,000 workers. >> we are doing everything we can with every ounce of energy that we have. >> reporter: the government has now ordered a halt to all new offshore drilling permits off america's coasts. this 98-ton structure is british petroleum's best plan so far for stopping the spreading oil. engineers are using a crane on the surface and a robot submarine to guide the four-story dome as it sinks 5,000 feet to the sea floor. >> i think the trick will be to get over that hole. that's like looking for a needle in a haystack, although they know where the needle is. are. >> reporter: if the cap falls in to place, the oil flow is expected to be reduced by 85%. but environmentalists say the damage is already done. >> young crab, young shrimp, young oysters even. and then of course you got all the bird. >> reporter: toxicologist ricky ott says this could be a major hit to the ecosystem. >> we're losing because the oil is in the water column an right now it's killing things that we can't see. little baby eggs, larvi, juvenile fish. >> reporter: and we may not know the full environmental impact for at least five years. manuel gallegus, cbs news, venice, louisiana. >> the pakistani taliban said it had nothing to do with the attempted times square bombing. but it's reported that federal agents are investigating the possibility that suspect faisal shahzad got financial help from overseas militant groups. shahzad seen her buying the firecrackers allegedly used in the botched attack has been charged with acts of terrorism and other federal crimes. attorney general eric holder says shahzad continues to provide useful information. >> as we've seen in prior investigations, the giving of miranda warnings has not deterred people from talking to us and mr. shahzad is, in fact, continuing to cooperate with us. >> if convicted, shahzad faces life in prison. there is no clear cut win her this morning in the british elections. no party has been able to secure the 326 seats in parliament needed for an outright majority, so now the scramble to form a government begins. charlie d'agata is in london with the latest details. good morning. >> reporter: good morning to you. what you see behind me is what they call a hung parliament. everybody wants to know who is going to be britain's next prime minister. at this point, we don't know. but i can tell you the votes still coming in, gordon brown's labour party lost the most number of seats pulls him in second place behind david cameron's conservative party with the most number of seats, but not a clear majority, not enough to form a government. which brings us to nick clegg and his liberal democratses. gordon brown may rye to reach out to nick clegg to try to get some support or try to form a coalition government which really hasn't worked here in the past. but last night nick clegg said he didn't want to be part of a coalition of the defeateded. in short, now the voting has ended and the deal making begins. that process could take hours, could take days, could even take weeks. michelle? >> charlie d'agata in london. thanks for the update. on the cbs "moneywatch," stocks in asia got battered this morning. emily smith is here in new york with that and more. >> reporter: well, stock markets in asia followed wall street's lead and took a dive. the nikkei shot northern 3%, the hang seng lost more than 1%. today wall street gets the april jobs report. it's expected to show the economy added about 200,000 jobs last month, though as many as half of those may be temporary census workerses. the unemployment rate is projected to hold steady at 9.7%. wall street will try today to salvage what's been an awful week. even after partially recovering from yesterday's market freefall, the dow dropped 347 points, a more than 3 point loss. the nasdaq was down 28. the blue chips have given back all of their gains for this year. the wrangling over financial reform continues on capitol hill. thursday lawmakers rejected a proposal requiring the nation's biggest banks to split up. both the bank going industry and the obama administration oppose that had idea. meanwhile the house has approved cash for caulkers. the plan would reward homeowners with rebates for making their homes more energy efficient by installing better insulation or energy-saving windows and doors. republicans oppose the bill. it now goes to the senate. and there may be some turbulence ahead for united and continental. the two airlines have decided to merge, but a transportation department official is asking the justice department to block the deal. he says a merger would not be between for the airline industry because it would create fewer competitors. the deal would create the world's largest care yir, but, yeah, that is not a done deal until the government gives its stamp of afternoon approval. >> and i wonder if ticket prices would click up. >> most likely. >> emily smith here in new york. thanks. just ahead on the "morning news," a bus bomb scare in new hampshire. plus, football legend lawrence taylor faces accusations of rape. first katie couric has a preview of today's "cbs evening news." >> so many americans are out of work, but there are some industries actually scrambling to hire. where to go to find the jobs, tonight, only on the "cbs evening news." >> announcer: this portion of the "cbs morning news" sponsored by intuit. stay on top of your small business with intuit quick books online. try it for free at in-due it.com. depression is a serious medical condition it can take so much out of you. i feel like i have to wind myself up just to get out of bed. then... well... i have to keep winding myself up to deal with the sadness, the loss of interest, the trouble concentrating, the lack of energy. if depression is taking so much out of you, ask your doctor about pristiq. (announcer) pristiq is a prescription medicine proven to treat depression. pristiq is thought to work by affecting the levels of two chemicals in the brain, serotonin and norepinephrine. tell your doctor right away if your depression worsens or you have unusual changes in mood, behavior, or thoughts of suicide. antidepressants can increase suicidal thoughts and behaviors in children, teens and young adults. pristiq is not approved for children under 18. do not take pristiq with maois. taking pristiq with nsaid pain relievers, aspirin or blood thinners may increase bleeding risk. tell your doctor about all your medications, including those for migraine, to avoid a potentially life-threatening condition. pristiq may cause or worsen high blood pressure, high cholesterol, or glaucoma. telling your doctor if you have heart disease... or before you reduce or stop taking pristiq. side effects may include nausea, dizziness and sweating. (woman) for me, pristiq is a key in helping to treat my depression. (announcer) ask your doctor about pristiq. sweet n' sour filled twizzlers. the twist you can't resist. three, two, one, launch, launch, launch. >> now, that's fast. it's a test of the escape system for nasa's new orion space capsule. solid rockets blast the capsule more than a mile high in just 20 seconds. then it deploys parachutes and floats gently to the ground. following a nine hour bomb square, experts in ports mouth, new hampshire, carefully examined a greyhound bus overnight just to be sure. the standoff ended last night as of 17 passengers traveling from maine to new york city got off with his hasn'ts up before he's being questioned but is not considered a terrorist. it all started before noon with a 911 call saying there was a bomb on the bus. police and federal agents responded, but no explosives were found. pro football hall of famer lawrence taylor is free on bail this morning facing rape charges involving an underaged girl. jim axelrod has the story. >> reporter: this was 51-year-old lawrence taylor handcuffed and visibly shaken as he rocked back and forth in court 13 hours after police arrested him. >> lawyer rechbs taylor was charged with rape of the third degree. >> reporter: the victim say splis a 16-year-old girl who taylor sexually assaulted at a hotel 25 miles north of new york city. the rape charge is because the girl was underage. but police say she was also a prostitute, beaten by her pinch, then delivered to taylor who paid her $300. >> either go out there like a bunch of crazed dogs. >> reporter: taylor revolutionized the game with mad blitzes. he was named the nfl's most valuable player and made the pro bowl ten times. he also battled drugs and alcohol, testing positive for company cape in 1987 and '88, and suspended by the nfl. he was also arrested three times for drugs. >> previous to this, lawrence always was just hurting himself it seemed like. but now all of a sudden you're talking about a 16-year-old runaway girl. >> reporter: over the last several year, taylor had been trying to rehabilitate his image, appearing on "dancing with the stars," for instance. his lawyer says taylor will fight charges. >> he is charged with rape. lawrence taylor did not rape anybody. am i clear? >> reporter: if convicted, the charges carry up to four years in jail. jim axelrod, cbs news, new york. a new survey says older americans are more open to having sex outside the marriage than they used to be, but they aren't as satisfied with their sax lives. the aarp survey of americans over 45 found just 22% think nonmarital sex is wrong compared with 41% ten years ago. 43% are satisfied with their sex lives. that's down from 51% in 2004. 10% of men say they take medication to boost their libidos. straight ahead, your friday morning weather. and in sports, walkoff heroicses at dodger stadium. eded more customers, so i got my nephew to build a website. i hired someone to make my website... five months ago. we are building a website by ourselves. announcer: there's an easier way. create your own small-business site with intuit websites. just choose a style that fits your business and customize, publish and get found in three easy steps. sweet. all from just $4.99 a month, get a 30-day free trial at intuit.com. [ female announcer ] kids who don't eat breakfast may not be getting the nutrition they need to keep their bodies strong. a nutritious start to the day is essential. that's why carnation instant breakfast essentials supplies the nutrients of a balanced breakfast. so kids get the protein and calcium they need to help build strong muscles and healthy bones. ♪ carnation instant breakfast essentials. good nutrition from the start. here's a look at the weather in in cities around the country. new york, sunny at 72. miami, 89. chicago, showers at 60. denver, 52. los angeles, partly cloudy and 69. time now for a check on the national forecast. the latest sat light picture shows clouds scattered across the northern plains while much of the northeast and southeast are looking at clear skies. later today, scattered rain and snow showers will be developing across the plains. the northeast and southeast enjoys a dry and pleasantly mild day. and more scattered showers and thunderstorms are likely for the midwest and ohio valley. in sports, it was a thrilling finish for the struggling dodgers and their hometown fans. the dodgers had a 3-1 lead going into the thint. but the visiting brewers got four hits off closer jonathan bronxton to tie it up. then in the bottom of the ninth, with the bases load he had, yooetier trove the ball out to dead center for a walkoff grand slam. the final, l.a. 7, milwaukee 3. in the american league, it looked bad for the red sox in the first as the visiting angels took a 4-0 lead. but in the fifth, victor martinez slapped a double down the right field line to tie it up. then jeremy hermida drove in martinez and youkilis with a single to center and boston went on to win it 11-6 capping a four game sweep. now to the nba playoffs. hawks at the magic. it was a big night for orlando's dwight howard who had 29 points, 17 rebounds, despite getting whacked in the nose in the third quarter. the magic went on to win it 112-98 and take a 2-0 lead in the series. ouch. when we return, we'll take another look at this morning's top stories. and cancer concerns. sounding the alarm on risks in our environment. [ horns honking ] i need to get back on the bike. ♪ [ dog barks ] [ female announcer ] share your goal at walgreens.com and we'll celebrate you in times square. and to help you take the first step, we've lowered prices on more than 100 helpful everyday products like sunscreen. buy one today and get one half off. walgreens. there's a way to stay well. on the "cbs morning news," here's a look at today's weather. powerful thunderstorms will be developing across the midwest and ohio valley. the northeast enjoys another comfortable afternoon. and the northern plains will be cool with scattered rain and snow showers. here's another look at this morning's top stories. wall street opens today following its big aboutest drop every during a trading day. at one point the dow was down over 9% before recovering pap possible kree reason yus trade and concerns over european debt are blamed. and a 100-ton concrete box is being lowered in the gulf of mexico to try to plug that massive oil leak, but it will likely take two days and three no guarantee of success. a presidential panel says chemicals and radiation in the environment may be playing a big role in causing cancer. but most experts say a majority of cancer cases are caused by lifestyle choices. joel brown explains. >> reporter: a presidential panel warns there's a cause of cancer that people aren't paying enough attention to. the environment. >> we're telling people we're concerned, should you be concerned. >> reporter: dr. la salle la follow is chair of the president's can is pan he pl while twosh-thirds comes from-style choices like smoking, the rest can come from everything from industrial pollution to household items about. >> a lot of the chemicals that are being used have not been adequately studied. >> reporter: the 240 page report sent to the white house calls for more research in to the link between the environment and people's health. and it calls on the government to raise awareness about government risk in every day life. the findings raise some eyebrows, but not everyone was ready to sound the alarm. >> we live if paranoia all day long, every day, if we really consider everything that we are inhaling. >> my personal sense is manufacturing pollution is still a huge, huge impact that ought to get addressed. >> reporter: the american cancer society worries that the report could give some people an excuse for their unhealthy lifestyle. >> what i hope does not happen from this report is that people take away a message that pollution is the major factor and that you don't need to worry about the other things that we actually know are huge causes of cancer. >> reporter: but doctor la fall says his panel simply wants to make sure we're looking at all possible causes of cancer. joel brown, cbs news, washington. colorado police were sent on a wild goose chase literally. four geese took a wrong turn and ended up on a busy interstate on wednesday. highway cameras show police escorting the feathered family as they were being shielded from the traffic with sheetses. now, later, the geese were safely moved to a local pond where they seemed a little bit more at home. this morning on "the early show," we'll have the latest from wall street on the market plunge. i'm michelle gielan. this is the "cbs morning news." vegetables are naturally low in calories. v8 juice gives you 3 of your 5 daily servings. it's a tasty, nutritious way to make this number go up... and help this one go down. v8. what's your number? aah! i'm a lion! yes, you are. come here. let's see how this looks. hey, how's my little horse? she's a lion. yes, she is. grrr! ha ha! announcer: you don't have to be perfect to be a perfect parent. when you adopt a child from foster care, just being there makes all the difference. good morning. i'm andrea roane. here's some stories we are following today. today the family of yeardley love will hold two viewings at a funeral home in baltimore county. love's funeral is scheduled for tomorrow morning in baltimore. she will be awarded her degree posthumously later this month. metro transit is investigating an incident on the red line. a train operator pulled his emergency brake after fearing he was to too close to another train. it happened on wednesday afternoon. there was no collision and no reported injuries or damage. a 100-ton containment box will take a couple of days to position over a blown out well spewing oil deep in the gulf of mexico. the process has never been tried. if it works british petroleum thinks it could capture 85% of the oil. of course weather plays a role in how successful that goes, as well. i like the pink tie. >> i always do it. the 9th of the month on sunday, mother's day. do your breast self exam and call your buddy as well and you have stuff coming up today, i'm sure. >> and give mom a cleaning helping hand. >> a couple of showers to the south in the carolinas and southeastern virginia yesterday afternoon. some up