al jazeera, kuala lumpur. >> now, to www.aljazeera.com not only can you keep up-to-date with all the day's top stories, the developing stories, breaking news, you can also get a lot of background and analysis and there is some very interesting opinion and common pieces, too. >> from 1,000 point drop from the open to this, wall street rebounding from a scary fall earlier. >> receiving france's top honor power people including three americans praised for stopping a gunman on a train. and a new wave of firefighters battle to battle flames in the pacific northwest, but good weather may make the situation more dangerous.

>> this is al jazeera america. live from new york city. i'm stephanie sy. u.s. stock markets were reeling at the opening bell on fears that china's economy is falling. you're looking at the stock he can change, after briefly followin follow--falling 1,000 points. concerns that the world second largest economy is slowing, were sparked by the government's decision to revalue its currency. joining us now, host of on targets, ali velshi. ali, let's start with how worried should we be about a slow down here or abroad because of the turmoil we're seeing in the global market? >> it's all relative. china is definitely experiencing

a slow down, but it's still in the 6% to 7% range. we still have new numbers. the u.s. is growing. this isn't like 2008 where everything was slowing dramatically. some economies were dropping 9% to 10%. that is not what this is. this is investors disappointment that things are not growing at a pace to which we have become accustomed to the last six years. the dow mirrors other markets. europe was down a little more. asia down a lot more. we were down more than 6% at the open, which was one hour ago, and in the last week the dow prior to this in the s&p, had shed 3%. now we might be at this point we're down 6% from where you were a week ago. that's the kind of money you make in an entire year or lose in an entire year. >> you sound relatively sober in your reaction. i want to play the reaction from

a professor of economics at university of amherst. >> i think people will be sorry that they didn't get out earlier and will seriously think about getting out now because you never know ever how long this will last or how far down it will go. >> so this professor took a very bearish view of stock markets in general, and whether they're reflecting where the economic recovery really is globally since 2007. >> all right, so he's right in so far that you don't know how far it goes. that's why it's a market. i say when you compare this to the shocks we saw, the last big shocks that we saw in 2008, everything was going wrong at the same moment. jobs were being lost. the economy has various legs of prosperity. at this point those legs--wages

are increasing here and around the world, not by much. it's not pro bust but they're going up. home prices are increasing, not by much, but they're going up. this has wiped out all the gains for 2015, but we don't look at 2015. everything about your life did not start on january 1, 2015. this professor is right, we don't know. i don't know that i see this as some blanket doom about the global economy. it's a slow down. slow downs happen. >> is the recovery rebust enough to out way the market welcome. >> one thing we have to point out, when you look at the s&p 500, that's how many people invest, half of the profitability on the s&p 500, half of the revenue, more than half comes from outside of the united states. so the profitability, the share price, the valuations all depend on what's going on outside.

so our economy is not doing terribly. it's not going gang besters, but it's not doing terribly. we have to be intimately concerned with what goes on in china, italy and europe and middle east. they're not doing as well as the united states probably because they got started on the recovery later than the united states. >> and the fed has to look at when to raise interest rates. >> one of the reasons why you would raise interest rates is to slow down the economy because it's not so easy to barrow. as everyone else's currency weakens, and the chinese deliberately weakened theirs, that means more comes in to the dollar. and it gets stronger without raising interest rates. raising interest rates may make things interesting.

there is no one who is having more trouble than an american manufacturer. when you raise interest rates competitiveness will go out the window. >> what about emerging economi economies? do they have reason to worry? >> absolutely. everything that china does effects everybody. australia is a market that is really suffering as as a result of this. chinese goods are about to get cheaper and there is less chinese involvement for the rest of the world. we've been depending on china for cheap goods and the fact that chinese have a lot of money. so when your enterprises are suffering and there are companies in the world owned by china. there were companies going into bankruptcy, chinese would come in and buy it. that's not happening as often.

we all our when china is not as healthy as it was. >> thank you. as we talk about the sell off, stocks in china suffered its worst decline since 2007. adrian brown has more from beijing. >> it is another turbulent day for asian stock markets, shanghai, the worst performing is down more than 8%, the biggest single day drop in many months. the government before the market opened has said that it was going to use billions of dollars from a state pension fund to try to prop up the market. that's the first time this has happened. and it is a measure of just how anxious, how desperate the authorities are becoming. but so far that tactic isn't working. there are a number of reasons why the market is behaving the way it is right now. china's currency has been devalued by more than 4% against the u.s. dollar during the past ten days. and of course this country's economy is slowing. there is a belief in the market that the slowdown is worse than

the government has so far confirmed. the international monetary fund said that this does not believe this is a crisis. just an adjustment, a necessary adjustment. but those pension nerys. these poem cheese money has been borrowed to prop prop up the market has to hope that the government knows exactly what it is doing. >> thick smoke from raging wildfires is starting to clear. a mixed blessing. it means that humidity will drop and a rise in temperatures, which means that more fires could to flare-up. the fires in washington are only 60% contained and much of the area is still under air pollution advisory this morning. >> firefighters across the west are getting new help to stop fires that have so far consumed half a million acres. president obama approved washington state's request for a federal disaster declaration, that means more trucks and water

tankers to attack the fires. something that authorities say is badly needed. >> there are fox who are tired. they're tired of homes being lost, that just adds to it. >> there are more than a dozen big fires burning in washington state covering more than 900 squares miles. that includes a fire in the north central part of the state where mechanic steve sturgeon lost most of his new business. >> had just started a scrap iron business. you know, i have got a pile of scrap iron that was not burned by the fire. i now have business. >> they have downgraded some of the evacuation notices allowing some people to go back to their homes only to discover there is not much of a home to return to. >> i called my kids, one of my girls, and i said we can't--we don't think we're going to get

out. we love them, and to tell everybody that we love them. >> wire officials say that less smoke means air travel restrictions will be lifted and more fire tangors will be dropping water on areas that need it the most. a british man honored today. >> president front say hollande pinning medals on le, the highest medal. they attacked an attacker. >> they showed courage and saved lives and showed what could be

done in dramatic circumstances. >> we have more on what the men say about how it all unfolded. >> when most of us would runaway, spencer, alex, and anthony ran into the line of fire. >> ambassador jane hartley brimming with praise for three young americans who stopped an gunman on a high speed train from amsterdam to paris on friday. spencer stone and alex scarlatas are being heralded as holy spirit along with anothe--as heroe heroes. >> he tackled him. alec grabbed the gun from his hand while i put him in a chokehold. he just kept pulling more weapons left and right.

pulled a handgun. alex grabbed that. he took out a box-cutter and jabbed at me with that. >> the gunman was on the radar in three countries for having ties to radical islam, and for having traveled to syria. his legal team said that's just a homeless man who found the weapons in a bag. >> he said he planned to hold up the train and then shoot out a window and to escape. >> that's unlikely say the three american heroes who saw the cache of weapons up close. >> to the point that he was just trying to rob the train, it doesn't take eight magazines to rob a train. >> but they admit it was fortunate that the shooter seemed unsure how to handle the wells. >> he clearly had no firearms training whatsoever, and yes, if he knew what he was doing or even got lucky and did the right thing, he would have been able

to operate through all eight of those magazines, and we all would have been in trouble. >> it's possible no american has had quite this welcome in paris since the end of world war ii. ojohnjohjohnter terret. al jazeera. >> the embassy in tehran was closed four years ago after protesters demonstrating against economic sanctions. they say this is an opportunity to work on common concerns. >> we will work together to deal with the surge of terrorism to promote regional stability, to tackle the spread of isil in syria and iraq, to counter narcotics and to deal with challenges of irregular migration. the important thing is that we now have a channel to talk with

each other, and we will be talking about all the issues, whether we agree with each other or not. >> meanwhile, iran's foreign minister said that it's too early to open the american embassy in tehran. they say that first they need to change its attitude towards tehran before that happens. the u.s. wants to build a new base in okinawa, japan, but it comes with controversy. >> we're in okinawa, japan, where many want american bases out of their backyard.

>> our american story is written every day. it's not always pretty... but it's real. and we show you like no-one else can. this is our american story. this is america tonight.

>> welcome back. the homeland security department said that it's evaluating a gerald judges ruling allowing migrant children and their parents to be released from detention centers. writing the children and parents cannot be held for more than 72 hours. some have been detained for months. indy car driver justin wilson is in a coma after an accident on a track in pennsylvania sunday. his car was hit by debris from a car ahead of him that crashed. wilson is hat a hospital where he's being treated. victims and family members are expected to address a colorado court regarding james

holmes in the 2012 july shooting spree. early morning explosions at an u.s. army depot in japan. it happened 25 miles southwest of tokyo. canisters of compressed gas explode: no one was hurt since everyone had gone home for the night. no hazardous weapons or materials are stored at the facility. for decades, tens of thousands of troops have called the island of okinawa, japan, home. now the united states wants to build a new base on the island. as roxana saberi found out, not everyone is happy about it. >> in a northern okinawa villa village, th every saturday night they drive five minutes to protest.

they're protesting against the construction of a new u.s. military base next to camp schwab. >> they could take us into another war. with more bases more countries are likely to target us. with american troops in okinawa has committed crimes and sexual assaults. if we build another today base here we could have the same problem. >> you can see across the bay the place where the new base is supposed to be built. there are plans for multiple runways, helo pads, ammunition deep poe and a pier for docking large ships. >> japan and the u.s. say that america's presence is needed. to keep stability in a region where tensions with china and north korea are rising. but the city's mayor told us he wants the u.s. military to leave. >> it's true that both the japanese and american government

view this as a strategic military presence, but that means that we could be a human being for international trade and cultural interactions. >> about a 60 minute drive south where the new base is supposed to be, to the base that's supposed to be replaced. they can see the base from his roof. he gave us this video showing an osprey flying off his neighborhood setting off alarms. the u.s. military said that it has cut back flights because of complaints like his. >> i asked whether he wanted the bases to be moved to mainland japan. >> the bases belong to the americans, so they should take them back to america. >> we just finished speaking with the public affairs officer with the marines. she told us that she could not go on camera, but she explained the reason why there are so many more troops here than the rest of japan, this is the place that

japan's government has offered to the u.s. she called the critics of america's presence here a vocal minority. >> we did find supporters scraping tape off the fences stuck there by protesters. >> having the american bases here help keeps the peace in asia. >> at restaurant and bars like this one, most customers come from u.s. bases w. we heard that some drinking leads to rowdiness and fights. we asked this marine from nebraska about. >> a lot of people get in trouble for it, they suffer and they ruin it for everybody. >> they said they'll keep trying to be a good nape, and japan' japan has suspended construction to hold talks with local leaders, but they say they'll keep fighting their battle. >> i'll keep doing this until

they stop the construction of the new base. even if they don't i won't give up. roxana saberi, al jazeera, okinawa, japan. >> now the marines say that the military contributes $2.5 million to the economy every year and say that forces are responsible for less than 1% of the crime on the island. american service men's there have been convicted of rape and other high-profile crimes. but professor david vine author of "base nation," brings how the bases have brought harm to america and the world and say that oversea bases don't make america safer and the economic benefits are also questionable. >> what we're seeing especially with obama's pacific pivot, if anything, these bases are encouraging china to increase it's military spending to boost it's military power. i think its worst considering how the military, how the u.s. public would react if china were to build even a single base

anywhere near the borders of the united states. we would likely react quite extremely by boosting our military spending and military presence. so i think rather than making the world safe center many cases these bases are inflaming tensions and making it vladly more likely. the track record in okinawa in particular show that these bases do not build a sustainable economy. they do not in the long run benefit locals in okinawa. some okinawans work on the bases, and that benefits troops in their stores, their restaurants, but in the longer term the fact that okinawa has shown that this is not building a sustainable and vibrant economy. >> he said that when the usa has returned base land, it has helped local economies by turning the spaces into stores and restaurant. new fall out, the cheating

website that now faces a clash action lawsuit upwards of $500 million.

>> i lived that character. >> go one on one with america's

>> a louisiana state trooper has died when he was shot in the head at a traffic stop. trooper stephen vincent stopped

to help a car that was stuck in a ditch. he thought that the driver was under the influence. passersby stopped the driver until police arrived. two canadian law firms have filed a class action suit for millions of users. >> life is short. have an affair. >> two canadian law firms filed the $578 million class action lawsuit against ashley madison for failure to protect user's private information. last month a missouri woman filed a class action suit saying she paid $19 to have her data wiped off the servers only to find out that did not happen. it was full of fake profiles and the company was charge ford erasing data that was never truly deleted. ashley madison has not commented on the acts: the hackers have

been dumping huge amounts of data revealing high profile names who had it's a on the site, including some who had to publicly explain themselves. >> no laws have been broken, these were incredibly stupid choices. >> over the weekend florida state attorney jeff ashton admitted to using the site but never met anyone on it. he used a personal computer and laptop to access it. >> there is information implied that you used my work's computer to access the site, i did not. >> it traced hundreds of government employees including

those with jobs at the white house, congress and the department of homeland security. many claim to have used government computers to access the site. there are accounts linked to military e-mail addresses. >> of course this is an issue. >> dhs policies bar employees using government computers to access inappropriate sites. >> the national zoo zoo in washington is celebrating two new mourn pandas. they were born about five hours apart this weekend. they have not determined the sex of them yet. the high number of observers crashed the zoo's panda cam. the stock exchange is down 58 points, a large recovery after opening down 1,000 points. i'm stephanie sy. the news continues next live from doha.

>> hello, and welcome to the news hour. i'm martine dennis. coming up in the next few minutes, thousands of refugees have arrived in serbia, they stop for their desperate journey to e.u. countries. from asia to europe and the u.s. global stock markets tumble as fears deepen about the economic slow down of china. anti-government protest in western nepal turns