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Beginning of the corona pandemic. oil falls when people use less than the world produces. now let s go to socks. i prefer to focus on the s&p 500. it is a better representation of the market than the dow and a better reflection of your retirement investment. overall, the market has pretty much been up and to the right for the past 20 years. you could see a glitch at the top right hand side of that chart. if you are a long time investor, you look at this overall rise. if you zoom in and compare it, to the beginning of the year, this called here today, it seems a lot more serious when viewed from a long wide islands. the s&p 500 is down 18%. the nasdaq is down 28% the dow was down 13%. it had one of its worst day since 2020 last week. when you take the rise in prices and the sub supply chain ....
Hikes from the federal reserve instead of tapping the brakes on the economy, the fear is they could slam the brakes. the harder they hit it, the greater risk of an accident. the other issue is the jobs market is on fire. deutsche bank thinks that only a deep recession will cool it off. now, we should stress that no one knows what s actually going to happen. there s no play book here. some other economists are more optimistic. goldman sachs says a recession not inevitable, not required to tame inflation. it is startling to hear a major bank call for a downturn and the selling on wall street suggests investors are getting concerned too. if you re a homeowner, there s some good news today. let s look at data on home prices. they spiked by a near record in february, jumping about 20% near to year. what s going on here? this is a truly historic housing boom around the country. if you zoom in to 20 cities tracked. you can see home prices started going up in early 2020 as covid ....
Russian occupation. reporter: the u.s. says it will give russia a written response to its security concerns next week. today, secretary blinken did not rule out a meeting between president biden and president putin. norah. o donnell: holly williams inside ukraine for us. thank you. now to that major storm. more than 60 million americans woke up to bitter cold temperatures, and for some parts of the country, things are about to get worse. cbs lonnie quinn joins us now. lonnie, this is a rare ice storm. oh, you bet. to put that all in perspective for you, this is the first time ever that the national weather service in morhood, north carolina, has ever issued an ice storm warning. if you zoom in tight, look at the purple color. the purple is the most dangerous. that s rain falling in the atmosphere, his the surface and freezes on contact with roadways and tree limbs. the good news is it moves through quickly so by 7:00, 8:00 in the morning it s basically done with that area and li ....
Difficult to work there effectively. and we turn to satellite imagery. we spent a little satellite imagery. we spent a little while researching potential techniques and we discovered the chinese version of google maps that there was censorship that went you d navigated to a place where we knew navigated to a place where we knew that there was a camp and zoomed knew that there was a camp and zoomed in knew that there was a camp and zoomed in that suddenly this grace zoomed in that suddenly this grace square with would pay her over the grace square with would pay her over the location. you zoom in again over the location. you zoom in again and over the location. you zoom in again and it over the location. you zoom in again and it would be gone immediately. it looks a little bit like immediately. it looks a little bit like the map was broken but we quickly realised that it wasn t, we quickly realised that it wasn t, that we could reproduce us. wasn t, that we could re ....
Suddenly this light grey square would appear over the location. you zoom in again and it would be gone immediately. it looks a little bit like the map was broken but we quickly realised that it wasn t, that we could reproduce us. also it was happening in all of the locations where we knew camps to be. so we started to map that censorship and could go and look at those same locations and google earth and see what was there. and that allowed us to identify what we believed is very close to be to full network of camps. we used a lot of satellite imagery for that. so that was identifying key features of camps. whether that was very thick perimeter walls, like two metres thick, guard towers at the corners of those, whether barbed wire in courtyards with up and those things helped us to determine whether a camp of the place was likely to be a camp or not. we corroborated that ....