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yields our top story is the u.s. stock market officially falling into correction territory in yesterday s session. the dow was down by 1033 points. that s a huge drop we ve seen one earlier this week as a result we re on pace for the worst week since 2008. the nasdaq was off by 275 points since the slide began back on january 26th, nearly 2$2.5 trillion in market value has been wiped out from the s&p 500. when you look at global markets they lost 5$5.2 trillion over te last two weeks well, you add that up and you look at the u.s. equity futures, the good news is that things are stabilizing a bit and even turning around after that big decline. that s not what we saw earlier in the week. right now it looks like the dow is indicated up by 270 points. if we were to open here, the s&p would open up by 33. the selloff we saw yesterday continued in asia. the nikkei was down by 2.3%. the hang seng was down by more than 3%. the shanghai was down by 4%. european equities in some ....
melissa: military strikes against isis move proving more costly than first expected the pentagon upping price tag to $10 million a day, higher than initial estimates. president obama rallying support for his strategy with another national tv appearance, with approval ratings hovering near personal lows. he will appear on 60 minutes this sunday. here to discuss it all, charlie gasparino, james freeman of the wall street journal, james frischling, president of new oak. 60 minutes, is this the way to go? james, go ahead. charlie passes on that. so. i think, $10 million a day, that s fine. of the probably ought to be a little higher right now where out in the open. remember we re not, this is not a discussion whether we ought to try to run syria or runner rack. it is just, do we want to take out terrorists who would like to kill us? at that price, 3.6 billion a year, less than 1% of the defense budget. melissa: how about taking strategy to 60 minutes on sunday. ....
spencer christian is keeping track of the storms and the rainfall amounts that we have had. he joins us now. spencer? we certainly had a lot to track this week. right now live doppler 7 is tracking the most recent system. most of the active weather has moved over east of the main part of the bay area out towards the central valley, although there are still some areas in parts of the east bay, south of livermore east of san jose out in the hill country. and new waves of moisture coming onland down in the santa cruz mountains and up into the peninsula. this is very light precipitation right now. however, there could be some locally heavy downpours that will develop during the overnight hours. at the moment you re looking at this rainfall breaking up into little patches of showers. let s talk about how wet a december this has been. san jose s wettest december hat 9.26 inches of rainfall. we have two weeks left and already san jose is in second place right behind its we ....
merchant, and her bank. we don t know your credit card number, or what you bought. or how much you paid. and we don t want to. three month after we launched, over 2000 banks have signed on to bring apple pay to millions of their customers. and today, we are excited to announce that beginning in september, apple pay will be available for many transactions with the federal government. like, for example when you pay for admission to your favorite national park. we are also working to make sure credit and procurement cards issued to government employees for expenses can be used with apple pay. we are working on initiatives with leading banks and networks to use this technology with benefit programs like social security and veterans pensions that serve citizens at both the state and federal levels. we can imagine a day in the not so distant future, when your wallet becomes a remnant of the past. your passport, your drivers license, and other important documents can be digita ....
industry to share information on cyber threats. before signing, the president talked about why it was important to address the issue now. he also spoke about the government s attachment to keep people safe while attempt to keep people safe while protecting civil liberties and privacy. this is 30 minutes. ladies and gentlemen, to introduce the president of the united states please welcome, stanford university president, john hennessey. [applause] welcome back. it s now my great privilege to intro our nation s 44th 44th president, barack obama. president obama came to office just after the global financial crisis in 2008. his presidency has been marked by the complexity and challenges of governing at a time when people are more interconnected than ever. sometimes in ways we don t even realize. and the idea of community extends far beyond physical boundaries. so many aspects of our lives have been digitized and technology is central to almost everything we do. but ou ....