Ride on wall street. The dow tumbled a thousand points after the markets opened. Steve investors cut some of the losses, but it was a rough start. Arthur chien joins us to selloff. Reporter it ended up closing at 600. Many people are saying its not as it looks. When it looks this bad, the area above is not comfortable. We know whats causing this. How worried should investors be . Those are the questions we try to answer. The time lapse, plunging 1,000 points in the opening minutes. All three u. S. Markets winced china in particular. Trade in the s p 500 and nasdaq were halted several times to break the fall. Adam shapiro of fox business calls it an overreaction. Reporter if you live and breathe these markets on a daily basis, youre giving yourself anxiety you need not give yourself. Within hours, the worst stock drop since 2008 roared back. But the collapse in chinese stocks will be a lasting concern. Now the worlds second largest economy, many u. S. Companies, including apple and gm,
A mild winter. It was very warm. Now it feels like every day were getting hit with another blizzard. Reporter this time its not a blizzard but conditions havent made getting around easy. Fallen lines and icy roads created dangerous driving. Put the wire back up if we can. If not, we backfeed it to pick up the outages. They do a permanent repair. Theyre trying to repair outages as they come in snead of waiting for the snow to stop. This lineman tells us the wind isnt as big of an issue as the ice. Weighs the wires down, trees come down. Reporter its a tough job during big storms. Crews can work 16 on, eight off. Homeowners can help by pruning trees throughout the year. When the trees come down, it makes everything more complicated because it can take the wire, poles down. Its more work. Reporter people may not like the snow, but at the end of the day, its winter in the the snow here, im from connecticut, this doesnt bother us at all. You cant do nothing. Cant wait for spring. Reporter 4
To everybody a big time curve ball with the announcement he was entering alcohol rehab. In a Statement Issued by the team, c. C. Had this to say. It hurts me deeply to do this now, but i owe it to myself and my family to get right. I want to take control of my disease and i want to be a better man, father and player. This is certainly a far, far cry from c. C. Here being drenched with champagne this past thursday night when he was the winning pitcher in the yankees wildcard clincher. When i got reaction from the bosses and teammates today, they were all caught off guard. The phone we got from c. C. , which was a courageous phone call yesterday, informing us of what was going on, what was needed, thats not a call i was expecting between 12 00 and 1 00. Russ how did he sound . You know, he sounded down, he sounded he apologized, which he didnt need to do. When i was summoned to my office, i was shocked, you know, with what happened. And, you know, i know players have drinks. That happens
Reporter the collision between the school bus and the car happened around 3 00. The intersection here at Fourth Avenue and first street has been cleared. Lets get right to the video so you can see what the scene looks like with that many school bus on its side just a while ago. Were told a total of seven people were injured in the accident. That includes four children who were on the school bus and three adults, including the driver of the car involved in the collision. All seven taken to methodist hospital. Were told by the Fire Department all had minor injuries. One child did suffer serious injuries. However, those are nonlifethreatening injuries. Witnesses tell us the bus was going south on Fourth Avenue and attempting to make a left turn when it was struck by the blue mustang. I spoke to one witness who works across the street at the car wash. She told me she heard the crash, ran out and called 911 and tried to calm the kids while they waited for first responders. The bus was going
Blaze oliver. Megyn nice. How difficult the people in new york city have it. You know, spot, 133rd street. Isnt that great. That is not good. Thank you. The news begins anew on sudden stud yeo b. Intelligence officials in nigeria they are holding three hostages and they say it is pay back. The president signed 23 executive orders that he says can help limit gun violence but he is calling on congress to do much more. A fair and balanced look at the white house gun control effort is coming up. Did you see this . The woman who got trapped between two buildings and then she had to be cut out. Well have the amazing rescue firsthand. That is all ahead unless breaking news changes everything on studio b. But first, from fox, u. S. Intelligence officials have confirmed that alqaeda linked militants are holding at least three americans hostage along with other foreigners at a natural gas field partly owned by bp in the african makes of algeria. The militants attacked the facility near the borde