jaime: and a key market barometer is down 16% from this year s closing high. standards and poors is warning a bear market is looming. what should investors do? sandra is live from fox s breaking news desk. they say it s going to get worse before it gets better. is there anything we should be doing. reporter: certainly. they are recommending that you make changes to your portfolio based on a few things they see in the market. by definition we throw around the terms bare market. that s a 20% drop from the most resent highs. you remember the good old days, rally after rally that we saw back in the second quarter. april you look at an s&p 500 chart you ll see that we hit the highs, in the s&p 500. we are down 16% from that high now. just a few more percent and we will be in a bare market and
adnan shukrijumah, a 34-year-old saudi also wanted in connection with this attack, with this planned attack i should say. he s 34 years old, he has never been located but there is a $5 million bounty on his head, life in prison is the likely penalty for anyone charged in this if they are convicted. that would include the limo driver from colorado. we ll have more as we get the updated superseded indictment from the department of justice. jaime: right now some people close to lindsay lohan, jon are pretty sad, and they are also a little bit relieved today. you know the judge yesterday did order the troubled star to have 90 days behind bars, another 90 days in rye hab rehab, all of this after lohan violated her probation by failing to attend court-ordered alcohol education classes and she did miss that previous court appearance. what are her friends saying about all this?
doing some investigation of these allegations. jaime: dan, is it possible they have any new witnesses in mind to talk to and has al gore responded? reporter: well there is a possibility that they have developed new information in the last week but, according to the national enquirer story that just came out yesterday, there isn t anything new in the way of new evidence or new allegations. i mean everything was known to the police back in 2009 when she went and made that statement. let s get to the gore statement because they came out yesterday, kaley kreider came out yesterday and emphatically denied the accusation. further investigation into this matter will only benefit mr. gore. she said that we would not respond to every defamatory, misleading and inaccurate story generated by tabloids. so they are emphatically denying any truth to the allegations but right now, al gore, something he doesn t want to do, he has to live through these, this
very different tail of who survived this hurricane and how, his house except for a new branches very much intact today. jaime: mother nature is so random. thanks for the report. jon: now to the catastrophe in the gulf in just a matter of hours that bp spill could become the worst oil disaster ever in the gulf of mexico, if it hasn t happened already based on some government estimates. the amount of oil from that blown out well expected to surpass 140 million gallons at some point today. the bp spill already ranks among the top ten worst in history and the government is pinning its latest cleanup hopes on a huge tanker dubbed the a-whale, it is the world s largest oil-skimming vessel, spans the length of 3 1/2 football fields, ten stories tall. they hope to school up to 21 million gallons of oil-fouled
with ties to the kgb. we expect to learn more about chapman, interestingly, jon she is not one of the defendants who will be in court today. on monday she sought bail and was turned down. jon. jon: interesting stuff. all right. thanks very much. david lee miller. jaime: tropical storm alex is not giving up. it s wreaking half evacuate as it makes landfall over southern texas. take a live look at this weather map. packing winds upwards of 50 miles per hour. it has moved inland after sailing across the gulf and that has caused it to delay the gulf oil disaster response. now there are tornado watches and then flash flood warnings issued up and down the coast. steve harrigan is live from brownsville, texas. you ve seen a bit of this, steve, so far. what do you expect from here? reporter: jaime we d like to give you a firsthand look at some of the damage. this is an average house.