Buybacks. New york stock markets are poised to recover from it was the biggest drop on a first day of trading year for the Dow Jones Industrial average in eight years. Both the dow and the s p 500 were off about 1. 5 . Abcs Rebecca Jarvis has more. Reporter it was bad but it could have been so much worse. Veteran traders here on the them by surprise. It started with a sharp selloff in china, very weak matching manufacturing data there, indicating that the worlds second largest economy is slowing, the fears here that there could be a Ripple Effect on the economy in the United States and around the world. Been tanking since last year even. And now there are big concerns about what that means for the energy space. Jobs here in the United States. While its great news for consumers, its not great news for Energy Companies or the people that they employ. And historically speaking, 70 of the time, what happens in january is what sets the tone for the rest of the year. Theres an old saying her
The president was announcing what he would do by executive action without congress when the memories of these victims, 20 first graders from newtown, connecticut, six or seven years old, choked mr. Obama in midsentence. Every time i think about those kids, it gets me mad. And, by the way, it happens on the streets of chicago every day. Pelley there have been 13 mass killings during the obama presidency. Each time republicans voted against gun legislation. But last month, after san bernardino, mr. Obama decided to act on his own. Given the limits of his power, his actions today are not sweeping. The most significant simply expands background checks for gun sales online or at gun shows. Currently, about 40 of sales have no background checks at all. Chief Legal Correspondent jan crawford is at the white house. And from every family who never imagined that their loved one would be taken from our lives by a bullet from a gun. Reporter it was an emotional appeal. We maybe cant save everybody
To the hardware she owns. 86 major awards including an oscar, golden globe, four amas, 13 billboard awards and 10 grammys. She can probably expect a few more grammys for her new album 25. The hello singer selling 900,000 copies on the first day alone, making it the fastest selling album in itunes history. With a net worth of 75 million, were sure she could afford a few copies of her own. And thats adele by the numbers. From the heart of new york city, im sonia isabel. Thanks so much for watching. Well see you next time. Agenda and theyre bringing it forward with arms. We havent had a normal life trying to intimidate us. Reporter meantime dwight and Steven Hammond says they dont support the militias methods and their family insists these gunmen do not speak for them. The federal government is suing volkswagen for environmental violations. Software in millions of vehicles wagon diesel vehicles gave false readings on emissions. Half a mill of those cars in the u. S. And the automaker is g
Rarely see the tears of the most powerful man in the world powerless to get the United States congress to tighten gun control laws. The president was announcing what he would do by executive action without congress when the memories of these victims, 20 first graders from newtown, connecticut, six or seven years old, choked mr. Obama in midsentence. Every time i think about those kids, it gets me mad. And, by the way, it happens on the streets of chicago every day. Pelley there have been 13 mass killings during the obama presidency. Each time republicans voted against gun legislation. But last month, after san bernardino, mr. Obama decided to given the limits of his power, his actions today are not sweeping. The most significant simply expands background checks for gun sales online or at gun shows. Currently, about 40 of sales have no background checks at all. Chief Legal Correspondent jan crawford is at the white house. And from every family who never imagined that their loved one wou
I know youre waiting around to find out what Miss Universe has to say about the whole mixup. Shes been very political about it, right . Has she. I think shes handling it quite well. Hes a huge fan of the crown, by the way. That crown, its a little weird but otherwise well get to that a little bit late per. Our top story this half hour president obama taking aim at gun control. Later this morning, hell bypass congress and announce new restrictions on sales, especially at gun shows and on the internet. The sellers have been exploiting a loophole. The president hopes to close. More from abcs pierre thomas. Reporter at gun shows just like this one over the weekend in virginia, hundreds of firearms are sold. Often with no background check. This is considered an assault weapon. Reporter sales brisk in part of that executive action planned by the white house. Obamas the reason. Reporter virginia today not much different from when 20 20 watched as the brother of one of the Virginia Tech massac