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Dow closed down 588 points or more than 3. 5 . For days of tripledigit drops add up to a loss of more than 9 . Thats wiping out market gains back to february of last year. And it could have been worse. Anthony mason now on todays wild ride. Reporter over a cliff, the dow plunged more than 800 points in the first two minutes, more than 1,000 points within five minutes. By midday it had rallied back and erased all by 100 points of that loss, but the selloff resumed in the afternoon. It was a breathtaking ride even for veteran traders like ben willis of princeton securities. I have never seen the dow down 1,000 points. That was an extraordinary thing to see happen. Reporter what exactly happened, Peter Tuchman of quatro securities tried to describe it. Is it the end of the world . No. Is it correction territory . Perhaps. Definitely. Thats what it felt like. Reporter the catalyst was another plunge in chinese markets, down 8. 5 this m ....
The white house after two weeks vacationing on marthas vineyard. He travels later today to nevada where he will deliver a speech on green energy. Those are some of our top stories on this monday, august 24. From abc news, this is world news now. Good morning to you. Weather. Still extremely dangerous wildfire situation in Washington State. Across that state, 16 large wildfires are still burning. They cover more than 2920 square miles, more than a third of that area has been consumed by a massive complex of fires. Abcs Kendis Gibson is there. Reporter tonight, the wildfires in washington growing to a staggering 374 square miles. Authorities fearing the return of extremely dry conditions and no rain in sight could make fighting these fires more difficult. The atmosphere instability has the potential to affect all fires in the comrix. Reporter thousands of residents under evacu ....
Crawling on the catwalks. Sweez squeezing through a steam pipe. And out of control. The Good Samaritan who stopped a woman swerving wildly on the highway, putting everyone on the road in danger. Stop the car the entire incident caught on camera. How he finally got her to pull over. And good morning, america. Happy monday. What a fitting honor for those american heroes. Lets look at them in paris. You see them right there, getting the legion of honor, frances highest civilian award. Theyre in legendary company. Dwight eisenhower. Douglas mac arthur. The president called the three men, praising them, saying all americans are proud of their bravery. David wright is in paris. Reporter this is frances equivalent of the white house, the elysee palace. The frej president honored these three american heroes. Making them nights. Arm first class spencer stone, Army National guard specia ....
Good evening. Im George Stephanopoulos in for david tonight and we begin with that wild ride on wall street. The worst day in more than four years after the second worst on friday. Millions of americans watched a bungee jump of a day. At the opening bell the dow plunged more than a thousand points. Rebounding by midday then a Late Afternoon nosedive closing down over 580 points. Its a Chain Reaction that started in china daalcalling it black monday there. Abcs chief Business CorrespondentRebecca Jarvis starts us off. Reporter it started with a plunge. The dow cratering an unprecedented 1,000 points just minutes after the opening bell. It give you little butterflies in your stomach. Reporter even ....
Same thing at the Atlantic City airport. Quiet conditions. No showers just yet to speak of. A better chance for isolated showers monday afternoon. Today at the shore we should stay dry. Thats the big change this morning as the models have taken out the showers at the shore. By 11 00 a. M. , 79 degrees. 2 00 p. M. , 84. We are following breaking news in philadelphia. An offduty Police Officer has been killed in a crash. Nbc 10s jesse gary is live at Einstein Medical Center, thats where emergency crews tried to save the sergeants life what have you learned . Rosemary, we have seen police cars leaving Einstein Medical Center. Just within the past 30 seconds or so, a 39th district car pulled out from it the hospital and went out on to broad street and m ....