three cargo rockets to arrive in the past eight months. they were given some liquor for a year-long experiment on the effect of zero gravity. aljazeera.com for a great deal more on the headline stories and what is behind it. ♪ despite another day of falls in the asian markets. a huge wild fire grows bigger now another half million homes are being evacuated. and the nation's largest gun rights group goes after seattle. the nra suing over a new tax meant to help stop gun violence. ♪ wall street making a come

back despite another huge sell out in asia. the dow opened up 2% higher and is holding strong. is s&p and nasdaq are also higher. some major turn around when the stocks index fell more than 3%. mary snow joins us now. mary, you were on the floor when it opened what was the mood there this morning and what's the mood about the numbers right now? >> you know, rapid call, certainly the mood was one of relief. the market opened within three minutes it was open more than 300 points. as you just mentioned those gains have held steady. so certainly, that was a big difference from yesterday's steep losses. and dramatic swings. and what was driving that most traders will tell you is the fact that china has stepped in to cut interest rates as a way to stimulate

the economy. and that was seen as a positive signal, but one thing that they -- everyone i spoke with, at least, seems to agree on is that they don't expect things to return to normal any time soon. that they do expect volatility going forward. >> that was myfection question, whether they think the tumble is over, and the answer is volatility continues. now, earlier today, we spoke to a wall street journal financial writer who had this observation about china's economy. >> so the government is panicking. feeling that the stock market is down so much, there will be negative wealth factor and the companies don't want to invest, there will be a money crunch. but so they are rushing to cut rates, and also they have taken a lot of measures in the past two months, in terms of asking firms not to sell their stocks, or asking everyone to buy their stocks. and investigating people who are selling stocks. >> so, mary, here is the

question. what confidence do you sense wall street traders have in china's actions to shall we say calm things? >> you know, randall, traders pointed out that yes, this was seen as a bruce today's rate cut. but it is the fifth one since november. so some people said you know, okay, now what, and there's one trader put it this helps alleviate the short term pain. but it doesn't cure the patient. china is the world's second last largest economy, can't be ignored still worries about the global economy. overall, so the worries are in the background. whether we have seen the worst, nobody really can answer that. >> thank you. we now have with us ann lee professor of economics and finance of new york university, author of what the u.s. can learn from china, obviously one of the

international experts. some are saying that the market ruling indicated a connectedness between the chinese market and the u.s. market, and it is too close. that when china sneezes america catch as cold, do you agree with that. >> i guess it depends on which market you are talking about. because you have capitol markets and then you have the real world trade markets. from a trade perspective we are absolutely connected. our companies sell to china, manufacture in china, the supply chains are very interconnect sod that has been true for some time. as far as the capitol markets are concerned such as the stock markets, that is less connected because very few american investors are exposed to chinese stocks. and the stock markets there because the chinese government had put restrictions in terms of who was allowed to invest in chinese stock markets. and so only very large

institutions have a quota of how much they can have in there. >> let me just ask you this. how do we explain the global markets seeming to follow suit, and then again today china continues to go down, but the global markets turned up. i mean -- is there some emotional at work here, and not so much a function of underlying performance? >> well. there are a number of factors that could have caused this. all along, you have had bulls and bears in the u.s. markets and around the world about china. and so a lot of people were aware of what was going on in china, the slow down in china has been delegated to everyone for a long time now, and the commodity markets have sold off long before stock markets. so why the stock markets suddenly decide to turn so

suddenly, it could have been that a number of the large bears decided to really put on their best, and maybe some of the bulls changed their minds. given that they were scooped by the evaluation, as well as the falling stock markets in china. so any number of things can with the trigger, but this is not necessarily new news. and we have to remember that this is a very large economy, we are talking about. it is like the titanic, and they are trying to steer this thing, and so clearly, when you are turning this big tanker it's going to be slow. it is going to be rough waters here, and so it's -- you know, certainly not predictable, how this is going to turn out for the rest of the markets. >> you know, american consumers and consumers around the world have enjoyed the benefits of lower prices chinese goods. but you have said that that comes with a cost.

certainly because labors are competing in a world market. they are competing against the vietnamese, the mexicans, so it is actually not true that just because their jobs are in china that they lost out directly. they are competing in a world market, and it isn't just manufacturers it is everybody. investment bankers and lawyers are also competing these days. and so -- and this is basically about differentiation. >> but you do say that because americans are having an unemployment problem, and also a wage problem, that is wages aren't going so much, that american consumers can't buy as much. and so china won't be able to sell as much, so we have a theme going here, where china can't sell, americans can't buy, and things go down. >> yes.

but the reason for american unemployment is not just due to jobs being in china. you have plenty of service jobs here, in fact, that is the bigger employer in the u.s. economy. local jobs like working in retail stores and restaurants, and all that. that is employs more americans today than manufacturer jobs. in fact, most manufactures jobs have been placed with robots and so that's not necessarily a fair comparison. and therefore, the american government needs to do more to stimulate more jobs here for americans independent owhat is going on in china or elsewhere. >> that was my final question. what should the u. and other nations do as we look at whatever is going on in china. >> well, there are a whole number of things. obviously people talk about invasion all the time. so you want to make that as easy as possible for people to pursue new challenging technology, and things that can upset the p ale cart, and certainly establishment

companies don't like to see that. and therefore, you have regulations to try to block competition. we need to make sure that regulations are not overly onerous. also, everyone has been relying on china's paragraph build right for the last few years. and that's already run it's course, but china has initiate add number of things to try to continue this build, but not just in china, but around the world, where it is more needed in developing duns. for other countries will join china, you can create at second commodity boom, and another 20 year run of fast economic growth around the world, if the poll sixes can agree to do that. >> thank you. thank you very much. and author of what the u.s. the learn from china.

>> a red flag warning in effect in washington state where evacuation orders are now in place for another half million homes. the unrelenting fires continue to grow. they now measure just over 400 square miles. firefighters and those in charge of relief operations are spread thin. officials fear the fires could burn for months. a group of active duty soldiers are also helping in washington state. the soldiers mostly involved in areas that are already burned to make sure there are no new player ups. sabrina register has more from washington. >> we are in north central washington at a fire camp, roughly 400 firefighters who are staying here are working fires throughout the state. they are still massive fires throughout the state of washington, including the oaknaga check fire, which is the largest fire in state history.

two tents and a camper is home for the parker family and others right now. they have been camping since they fled their north central washington house a week ago. >> we left. we was there for roughly four hours. and evacuated. >> when flames from the complex fire showed no signs of slowing. >> in the town about 30 miles away evacuated residents like sandty found some comfort sharing stories with other displaced families in the parking lot of a home improvement store. these tables are stocked with food, and supplies from this store, as well as community donations. >> they have made us feel so welcome. and secure. they have cared for us, they are feeding us. >> but it may be a while before they are allowed to see whether they have a home to return to. more than 1200 firefighters are working what is now washington state's largest wild fire on record. more than 400 square miles

have burned here and it's broing rapidly. while the smoky stagnant air acts like a lid to calm the fire, the poor visibility grounds any aerial assault. >> grow. >> because of aviator savety. >> with no real relief in sight, families desperately try to reach neighbors. >> neighbors who ignored evacuation orders and refused to leave their homes and businesses. jesse finally reaches his younger sister searching for any word on their home. >> not good where is it at? where is your fire at. >> it was at rick's house last night. >> for now, the family waits it out, wondering what is next. >> and at last check, the parkers still camping and waiting to hear if their home is okay, meantime, conditions

remain tough out here. >> sabrina reporting. a major overhaul is now underway in the courts in ferguson missouri. the new municipal judge ordered that all arrest warrants be withdrawn. most defendants will receive new court dates or options to get rid of their cases, except, that is, for a few people like washington post reporter wesley laurie. he was arrested along with huffington post reporter while covering the protests in ferguson last year. laurie was ordered to appear in court on monday, but he didn't go, because he said he did nothing wrong. >> essentially, myself and another reporter were working inside this mcdonned thats it was largely as any reporter in the field knows you are looking for places with pie fie and outlets to type your stories up to file to your editors so we had set up shot there as had most journalists. and on that evening, the

police began evacuating buildings, building by building. so they came in the interest, ordered everyone out, eventually they became frustrated that we were not evacuating quickly enough for them, it became quite a media storm. the first of what ended up being dozens of journalists that were arrested or detained. >> the entire incident was recorded. they have been charged with trespassing and interfering with a police officer. more than 30 news organization sign add letter demanding the charges be dropped. more testimony today in a colorado courtroom, at the formal sentencing of movie theater gunman james holmes. the hearing began monday, and is expected to last until tomorrow, at least 100 survivors and witnesses are testifying about the 2012 movie theater attack. that left 12 people dead, and injuries dozens more. i have wondered time and

again what would have happened. i would have told him about a man, who i had loved my whole life. the best man i have ever known. and a wonderful father. friend. hero. teacher. and inspiration. >> after all the testimony, the sentence will not change, the jury has determined that holmes will get 12 consecutive life sentences without the chance for parole. coming to an agreement, diplomacy works to reduce the threat of a military confrontation on the korean peninsula.

on social media that it says shows destruction of a 2,000-year-old temple in syria. the pictures show fighters laying explosives the explosion, and the rubble left in the aftermath. a resident tells the press that the temple was blown up sunday. the united nations culture agency called the destruction of the temple a war crime. and the u.s. in turkey have wrapped up their latest round of talks. turkey's foreign minister says hit country will soon expand operations against the group, and he says turkey and the u.s. will launch more air strikes against a group and create a safe zone for

moderate rebels. >> . >> south korea says it has stopped blasting propaganda across the board we north korea. it is part of a new deal to diffuse recent tensions between the two countries. harry faucet has details of the new agreement from seoul. >> after a session of talks lasting more than 33 hours the head of south korea delegation called a 2:00 a.m. news conference. claiming vindication of a tough negotiating line. the dispute that began with a land mine blast, which maimed two south korean soldiers then escalate with the restarting of the cross boarder speakers and the threat of a military strike against them, was he said an end. we express regret over the land mile, in which two soldiers were injured. south korea in the absence of any normal situation, will

end all broadcasting on noon on the 20 fit of august. the talks began on saturday, shortly after the passing of the deadline. it's boarder forces have been put on a war state, told to prepare to mount surprise attacks. even as the talks went on, south korea said the north had deployed 50 of the 70 submarines from their bases and double the amount of artillery stations on the border. the south korean president on monday maintained a hard line, demanding a clear apology. that certainly is how the expression of regret is being turned. >> both sides will want to portray this deal in the best possible light to their respective domestic audiences. given the lent of the talks they were both obviously doing everything they could to avoided a dangerous military escalation. now. cos the next test, whether they can live up to the other u.p.s. pros made in this agreement. >> and to arrange further

talks as soon as possible. this time, either in seoul. notably absence any mention of the sanctions imposed by seoul after the sinking of a south korean warship. north korea may well want to talk soon about lifting those. south korea says the north now knows that provoking a crisis no longer earned concession, an assertion that will have to be judged over the coming months. al jazeera, seoul. >> the nra is gearing up for a big battle over gun control. it is going after a city law in seattle to tax guns and ammunition. jon henry smith reports. >> the national rifle association and other gun rights groups sued seattle monday, in state court over the decision earlier this month, to tax firearms and ammunition sales. the tax amounts to $25 for each firearms sold in the city, plus 5 cents for every round of ammunition. it is designed to fund

programs to cut gun violence, and research it's causes. but the lawsuit argues that bypassing this measure, seattle has violated on washington state law barring municipalities from unilaterally enacting local firearms regulations and they argue similar legislation elsewhere hasn't actually resulted in fewer gun deaths. >> in chicago, they raise add lot of money. they did raise a good deal of money. be uh the problem is right now you are looking at it as a homicide rate, in chicago is going through the roof. i. >> against another companion measure that required seattle gun owners to report lost or stolen firearms to police. if somebody comes in and steals your entire gun collection, and you are able

to account for 99% of the gun collection, but one firearm and you realize that a week later and you go to the police, and you say okay, i forgot about this one, i didn't realize it, you are a criminal now. >> jon henry smith, al jazeera. >> new rules on college campuses as students begin a new year. what schools are doing now to try and prevent sexual assaults.

>> i'll have two or three puffs and i'll already have a

banners.lly suggested three large banners were draped from the balcony of the frat house, near old dominion university in norfolk. one sign read freshman daughter drop off. it says it will take action against any fraternity members found responsible. the fraternity condemns the derogatory and gleaning language used on the banners. such language has no place in our fraternity or within any caring community such as that of old dominion. many colleges are now returning to campus, and as more and more schools they are finding new programs designed to prevent sexual assaults. inesse has the details. >> if you are stick struggling with consent, just imagine instead of initiating

sex, you are making them a cup of tea. >> this is one of the videos plans to use to teach it's students how to prevent sexual assault. >> if they say no thank you, then don't make them tea. at all. don't make them drink tea, don't get annoys at them for not wanting it, they just don't want tea. >> it is all new part of state and federal to combat sexual assaults and change how schools respond to them. the new rules require training for bystanders so they learn what they can do to prevent assaults and in some states it changes the definition of what constitutes consent. laws in california and new york, require a yes in order for sexual activity to be consensual. >> for me i was raped in my own dorm bed. >> the changes were spurred by high profile claims such as those made by a columbia student. she vowed to carry around a mat stress as long as her alleged rapist attended the same school.

>> if she doesn't consent, or can't, it's rape. it's assault, it's a crime. >> it is wrong. >> the white house estimated that one in five women have been sexually assaulted during her college years. of those assaults only 12% are reported. last year, the white house announced the it's on us campaign to prevent sexual attacks. >> state by state, this entire country is going to make sure that we understand what this is about. and that we are going to put a stop to it. >> new regulations also requiring training for personnel and notifying victims of their rights. al jazeera. >> a flu report released today reveals a wide level of racial disparity in some american schools. the analysis of federal data shows black students are suspended or expelled at rates that are overwhelmingly higher than white children. researchers looked at districts in 13 southern states. those states make up more

than half of all expunges of students nationwide. black students represented just under a quarter in those states but they made up nearly half of all suspensions and expulsions. in 132 southern school districts black students were suspended at rates five times or higher than their representation in the student population. well, say happy birthday to the national parks. today is a great day to go, admission is free, the national park service is celebrating it's 99th birthday, by dropping the entrance fees for all national parks. that is more than 400 sites around the country. beautiful to enjoy, thank you for joining us. the news continues next live from london. to keep was the news, check us out on aljazeera.com.

♪ . >> thousands more refugees arrive in greece as the u.n. called on europe to unite to tackle the crisis. >> you are watching al jazeera, live from london. also in the next 30 minutes. eight police are found guilty of the murder of a taxi driver in a case that shocked the country. the fight for yemen comes to the fight where houthis rebels are holding their ground. ripples in china's economy leave investors fearing for