Another big asian selloff. China losing 8. 5 in overnight trade and the hang seng in hong kong also dropping 3 . Japan a more muted drop but i think you get the picture. Europe falling as well. Germany and france bearing the brunt of the selling and the drop continues through the usa. We are off the lows of the day but as you can see the dow is moving to the downside by 133 points right now. The nasdaq is off by 46 points. The s p down by 11. The russell 2000 is down by nearly 1 folks, or 11 points. My old colleague now joins us with more on why china dropped so far, so fast. Reporter volatility returning with a vengeance to the Mainland China stock markets. Equities plunging more than 8 . The biggest oneday drop in more than eight years on signs beijing might be backing away from supporting the markets. Concerns over Economic Health soured sentiment further. Data show chinas industrial firms dropped 3 from a year earlier reversing a. 6 rise in may. Index heavyweights including china u
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
Santa cruz is a special community that knows how to come together when a child goes missing. Theyve turned out by the dozens and dozens to help police the fbi and other agencies to search for this missing 8yearold. It is a community that is very concerned for her welfare. Two distinct groups have been out searching for young madyson for about 24 hours. About 75 santa cruz officers are also tracking down leads and contacting 20 sex offenders. Volunteers have shown up to help search under the guidance of police. However, investigators insist this is not a kidnapping. Were not calling this a kidnapping. Were still early on in our investigation. Were calling it this is were looking for a lost child. It baffles Family Friends how madyson disappears. She would always be very concerned, vigilant, how to get back home. She didnt want to walk alone around here. You know she had escorts, she had a lot of friends. It hurts my heart. It hurts my soul. I am so sad. Especially when you think you kno