. >> two men in custody and hanna doba reports police are calling this a deliberate act. >> reporter: police blanketed a major intersection in the city moments after they say driver of this white suv intentionally, plowed into pedestrians there. >> at this stage we believe it is a deliberate act. >> reporter: this showed one of more than a dozen people hurt being treated by paramedics, many were christmas shopping in the cities central business district on thursday afternoon when the incident occurred. >> there was a big bang and lots of screaming. i could see dust rising, and we were told to get away and stay in the station. >> reporter: authorities have arrested two men traveling in the suv that ultimately stopped after crashing into a cable car stop. >> we do not know the motivation and still early stages of the investigation. >> reporter: onlookers say driver ran a red light and showed no signs of slowing down. >> unaudible. >> shaking panicking so she could not talk. >> reporter: police are urging people to avoid the scene as the investigation unfolds. hanna doba for cbs-3 "eyewi

time for a check on business news, hanna doba joins us new for business news.tocks closed lower as investors return from the christmas break. this morning what do we know. >> good morning, interesting to go see what the week shapes up to be like on wall street, dow jones did lose seven, nasdaq loss 23 points, more bad news new report published by bloomberg predicts china will overtake u.s. economy by 2032. report by center of economic and business research say asia 's major economies will continue to grow in the coming years. it predicts chine, japan, india and u.s. will be the four largest econominess 2032 with china pushing the u.s. out of the number one spot. >>> rahel. >> interesting. if you need to return an unwanted gift we are hearing you may want to think twice, why? >> reporter: this is disturbing. it may end up in a landfill. according to a company that manages returns for major retailers, 5 billion-pound of trash are generated from returned items each year, 5 billion, only half of the holiday returns make it back on to store shelves, many gifts are e