Shanghai index was off 8 1 2 our time. That is the worst performance since 2007. Chinese regulators investing with the market. Investors losing confidence that china cant maintain its market that of course would set off a Ripple Effect through global economies. We saw action in the price of oil, falling on expectations of weaker demand and oversupply issues. What i found interesting so many house hole names do significant business in china. We saw breakdown of shares in prodly weak market. Apple down 1. 3 . Conference call on latest Earnings Call from apple pointing to a focus on apple, im sorry, china, apple, key markets. Shares of apple down 1. 3 . After the Earnings Call apple shares fell precipitously because of concern about demand for apple products there. Yum brands, Las Vegas Sands and wynn resorts have huge resorts in macau. That is a big trouble spot. Wynn resorts down 3. 2 . Baidu, down 4 1 2 . Baidu reporting earnings after the bell today. They released very troubling Secon
President met with diplomats at the u. S. Embassy. And Fiat Chrysler hit with a record fine up to 105 million to settle legal problems stemming from nearly two dozen recalls. Those involve some 11 million vehicles including some of the companys most popular models. Those are some of your top stories on this monday, july 27th. Announcer from abc news this is world news now with t. J. Holmes and reena ninan. Good morning, everyone. We begin this half hour with a battle against wildfires. 24 major fires burning in five states this morning. Four of them near sacramento, california. Hundreds of families have been forced from their homes. Hundreds of others are ready to go. Abcs Clayton Sandell on this already tough fire season. Reporter an air war. Planes and helicopters knocking back flames in hardtoreach terrain, 45 miles northeast of sacramento burning so hot, you can see it from space. Were hitting it with everything we have. Reporter firefighters are working to protect about 2,000 stru
Fast. Here is the monday morning commute. We start with a look from the emeryville camera to the eastern span of the bay bridge and remark is light headed into San Francisco. We do not find delays or the brake lights gnashing. As we move over to the bay bridge toll plazas there is a different story because if you are paying with cash you have a wait and we have a few cars waiting in the far last hand lanes. We have a house full of furniture, and we are starting at 580 westbound side a couch in the lanes and further for the north near fitzgerald, we have a mattress in the lanes. It looks like possibly one truck has emptied out its load and hopefully c. H. P. Can get this and move things out of way. Matt and eric . Happening now the search is on for a mission 8yearold girl in santa cruz. Last seen 13 hours ago. Our reporter is in santa cruz where police have set up a command post. Janet . Yes matt this is where Madison Middleton was last seen righting her white scooter. She lives in the
How she died. The outpouring for the daughter of superstar Whitney Houston this morning. And good morning, america. Such sad news about Bobbi Kristina. She was so young. Still so many questions. You see here there with her mom, Whitney Houston. She died three years ago. Still so many questions about what caused her death. But we do want to begin with the wildfires as we come on the air in the west. 20 large fires burning now, including two new ones. High winds make it difficult to fight the flames. Matt gutman is in nevada city. Good morning matt. Reporter thats right. Theres dozens of wildfires in california right now. Perhaps one of them are like the dangerous behind me. With sunrise its gotten hotter and starting to creep up this hill. You can see it burning up this hill right now. Firefighters out here in force. Dozens of crews trying to stop this from cresting the hill because, on the other side, are homes. Overnight, wildfires raging across california. Fires burning very, very qu
With details. Reporter this was at first a confusing seem. A man seemed to be the victim of a car accident, turned out to be a carjacking suspect and attempted to carjack a person to get away. Reporter roads closed today for a Police Investigation of an officer involved shooting near San Francisco international airport. Officers are allowed to defend themselves from serious injury or death and this was a very serious situation. Reporter before 7 00 a. M. San Francisco Police officers got a call about a hit and run between this white car and a light pole. The car was stolen from a marathon runner who park ped here parked her car near the airport. An officer saw the suspect, he was trying to carjack this red car. The officer thinking that this driver might be an accomplice to whatever the original crime had taken place, orders the driver not to drive. Reporter the driver was a attempted carjacking victim. When the driver refused to move the suspect ran down the embankment, hid in bushes