We are live from america s news headquarters. preparations under way for the 118th running of the boston morathon. the race taking place after heavy security after a pair of bombings last year killed three and injured others. the governor said rest assured the race will go on safe. some 36,000 runners will take part. meanwhile government documents reveal an instance of a delayed recall by general motors. documents showing gm waited years to recall thousands of saturn ions for power steering problems. this is the second time gm has come under fire for this. in february they recalled millions of cars because of the faulty ignition switches, a problem the company, we later learned, had known about for a s.e.c. aid. i m jamie colby, i ll be right back here for the fox report. now back to hannity.
It is another in a growing list of missteps and misinformation in the investigation. nick robinson is in kuala lumpur in malaysia. and we will go to the simulators. investigators are looking at wich means flight 370 could look much like air france flight 447 with large chunks of debris on the surface. with the auto pilot on scenario. we go over that with the panel of experts. all that, look at the earthquakes in l.a. a lot more at the top of the hour. looking forward to all of that in a few minutes. breaking news of general motors recalling another 1.3 million cars this time for failing to report power steering problems. at least 13 people died in crashes linked to ignition
outfront tonight, u.s. markets fall big time. it was a miserable day on wall street. the dow down 389 points. nasdaq and s&p 500 fell by more than 3%. the markets fear gauge sparked it. peter costas, a trader nearly 30 years, what happened today? well, there s a lot of uncertainty in europe. i think when the italian treasuries went over 7%, that scared a lot of people. if you re going to look at it, i am not negative on the market, today was a good day to buy, we will probably have a couple move intermittent dips. people are afraid with italy going through the debt crisis greece went through, people are afraid this will cause another recession in europe. that s the major thing. one-third exports go to europe. if there s a recession, it could impact the u.s. economy more than we have been impacted by what s gone on the last three years. bottom line, even though it is volatile and fear from europe, you think it is a buying opportunity? i think it is a buying opportunit
So from a political standpoint it s certainly not good for the administration and all it does at the end of the day is bring in a lot more uncertainty. we re seeing red arrows across the board and typical with the holiday weekend and some numbers are out. it s typical for summer, thomas and typical for a holiday weekend and this wasn t the only economic report we got out today. the factory orders number wasn t good at all. so it s the plethora of data that we ve had over the last two weeks that show a slowdown and now you have a three-day holiday. let s not forget we have problems in europe and a slowdown in china. so it s just an uncertain time for investors and i don t think you ll see a lot of people come in and get aggressive about buying a market on a day like today. let s hope they come back on tuesday. jim la camp, thank you for being with us. thank you, thomas. the government has just launched an investigation into possible power steering problems with the mazda 3 a
He s more in the news for this election year than somebody running for re-election. you can see christine and i on your $$$$$. let s get a check of the headlines. gm is recalling 1.3 million chevrolet and pontiac compacts to fix power steering problems. it affects models sold in the united states, canada, and mexico. gm says the cars may be safe to drive but may be harder to steer when traveling under 15 miles an hour. in chile, president michelle bachelet is threatening to crack down on looters in the aftermath of the earthquake that killed more than 700 people. she said the looting in concepcion and other cities is intolerable. in texas, voters are casting ballots in the republican primary race for governor, between incumbent rick perry and u.s. senator kay bailey hutchison. fellow republican debra medina, a favorite of tea party voters,