abc's chief business correspondent, rebecca jarvis, leading us off. >> reporter: you could see it in their faces. anxious traders on wall street as the dow plummeted more than 1,500 points, before recovering somewhat, still ending the day down 1,175 points. the biggest one-day point drop in history. it came just as the president was praising the strength of the american economy and jobs in ohio. >> give something very big back, and that's tax cuts. >> reporter: while cable news showed the dow's precipitous drop in the corner of the screen. president trump has repeatedly touted the markets gains as proof his policies are working. many economists say the tax cuts and deregulation have helped fuel the dow. >> i told you. the stock market is hitting one all-time record after another. the stock market is shattering one record after another. the stock market smashes one record high after another. >> reporter: the dow is up 21% in just the last year. but with such dramatic climbs can come volatility, and while job gains and wage increases are positive new for workers, they're also a signal

here is abc's chief business economics and technology correspondent rebecca jarvis. ♪ >> is this it?correct. >> with the line outside? >> it looks small. >> oh, my god. >> reporter: a week night in san francisco, the music thumping, and jeremy gardner is holding court he isn't a tv star or music mogul. he has been dubbed a crypto slb ri t celebrity, silicon valley, his kingdom, bitcoin source of his riches. >> are you a millionaire? >> many times over. >> bitcoin. >> bitcoin. >> the digital currency you probably heard something about at this point. the stories about early investors striking it rich, hitting gold. remember the guys from the social network, the twins. >> this idea wereorth millions. >> they put $11 million in bit coin in 2013. now they're billionaires. ♪ rapper 50 cent who declared bankruptcy got his money after accepting bitcoin as payment for his 2014 album. current value today over $6 million. but what exactly is it? >> made up currency. >> have no idea. >> we have trouble with money in the world as the it is. >> reporter: bitcoin the world's most popular crypto cur

here's abc's chief business and economic correspondent rebecca jarvis. >> reporter: in a matter of moments the biggest musicians in the world is about to crash this fifth grade classroom. >> i just walk in front of this. ♪ >> reporter: known for hits like "no problem." and collaborations like "i'm the one" chancellor bennett known as chance the rapper at just 24 is on fortune's 40 under 40 list making him the only streaming-only musician to win a grammy. >> i claim this victory in the name of the lord. let's go. >> reporter: today he's on a different type of stage. >> hey. >> are you enjoying this day? is this a fun day so far? >> yeah. >> it's crazy. i've been doing a lot of stuff like this this year. you guys like this stuff, coding? >> reporter: using his voice to emphasize the value of technology like coding. >> for me, coding is one of the main kind of cheat codes or finesses to get further in the industry or further into what you want to do, right? >> reporter: coding is a skill used across all industries and used for jobs in app and software development which are growing at a rate f

jarvis, wife's house.> next, from the w michelle obama tells ellen how the former president got the shortr new home. >>> abc news "nightline" brought to you by delsym. ym 12-hour. this is charlie not coughing while trying not to wake zeus. this is charlie not coughing while sitting very still. and this is charlie not coughing while getting a little too into nana's party. because he took delsym. nothing lasts longer for powerful cough relief. delsym. the joy of not coughing. and don't forget kids 4 and up. pediatrician recommended. and sometimes, i don't eat the way i should. so, i drink boost. boost high protein nutritional drink has 15 grams of protein to help maintain muscle and 26 essential vitamins and minerals, including calciumand vitamin d. boost high protein be up for it ( ♪ ) and 640 muscles no two of us are alike. life made more effortless through adaptability. the perfect position seat in the lincoln continental. ( ♪ ) in the lincoln continental. but when we brought our daughter home, that was it. now i have nicoderm cq. the nicoderm cq patch with unique extended release techno

abc's rebecca jarvis with more. >> reporter: tonight fear that the market free-fall will continue. stocks plunging 666 points friday. the worst day for the dow since june 2016. but even with those declines the major averages still up 28% over the last year. behind the numbers, a tale of two economies. >> i see the tradesmen busy here in tucson and i know our business back in michigan is as busy as it's ever been in 25 years. >> reporter: some arizona voters sitting down with tom llamas describing a booming economy, but others say they're not feeling it. >> i see a lot of poverty. >> reporter: since the financial crisis, stock ownership has dropped from 62% to just 54%. and while dozens of corporations has handed out raises and bonuses after the tax cuts and wages are growing at their highest pace in eight years, many employees have yet to see the benefit. >> it's all about wages, wages, wages. it does look like we have finally hit a turning point and breaking on through the other side. >> reporter: and tom, while the markets could very well continue this volatility in the coming da

>> rebecca jarvis for us. we'll be watching what happens next week. rebecca, thank you. >>> next, to the bitter cold. that snow starting to fall in minneapolis, as they gear up for the big game tomorrow. take a look at this. a driver losing control on a slick highway there. the developing winter storm expected to slam millions. that arctic blast making its way east. and just north of that spinout, at least five people seriously hurt after this pileup involving about 20 vehicles. more than 200 crashes and count ing there in minnesota today. rob marciano standing by in the cold out here in the east. hey, rob. >> reporter: good evening, tom. this midwest ea midwestern stor together. chicago and detroit, getting two to four inches. the southern part of this storm is going to begin to increase as far as rain goes. maybe some icing northwest of i-85, across the carolinas. more snow, pittsburgh, up through buffalo, upstate new york. i-95, all rain. going to be a mess. if you have to go more to watch the game, give yourself some extra time. two to four inches

brooke jarvis is unclaimed captured and achingly human story. it explored the hope, the dreams, the tragedies and the disappointment is not just to the unknown man at the center of the narrative but to the hundreds of families who thought that his story might contain a missing longed for piece of their own family story. i will read just one paragraph from the story before we turn it over to our panel. story, or really the news of the lack of a story spread, people began to contact the hospital to ask detailed questions about his moles or his scars. her own family history is also included inter-by mystery. each had a son or a brother or a friend or a cousin or a who had headed north and disappeared, leaving no answers about what might have happened to him, whether he was dead or incarcerated or suffering somewhere. whether he had abandoned them. on the anguish of their uncertainty, they looked to the man in the bed and saw hope. past peered into his anti- and so the possibility of themselves. acknowledging these human stories is what brings us he

brooke jarvis unclaimed captures and achingly human story. it explores the hope, the drea dreams, the tragedies and the disappointments, not just to the unknown man at the center of the narrative but of the hundreds of families thought that his story might contain a missing long for peace of their own story. i will read just one paragraph from the story before we turn it over to the panel. yet, as his story or really the newest of the lack of a story spread people began to contact the hospital to ask detailed questions about his mold or his cars and their own family histories also included a journey across the border interrupted by a mystery and each had a son or brother or a husband or a cousin or a friend who had headed northward and disappeared leaving no answers about what might have happened to him whether he was dead or incarcerated or suffering somewhere. whether he had abandoned them. in the english of their uncertainty they looked to the man in the bed and soft. they. into his empty past and saw the possibility of themselves. acknowl

and rebecca jarvis, business correspondent, last year the markets down more than 500 points. officially down 10% from its high. they call this a correction. >> exactly, george. correction territory means after a long upward trajectory, which we have now been on for many, many years, after a long upward trajectory, the dow now down more than 10%. that is in the near term. and oftentimes wall street is looking for something like a correction, george, to say it's safe to get back into the market. that's what traders look at it as. for the long-term investor, people who have a 401(k), that nest egg, it's all about thinking over the long term. >> let's put this into context. the dow coming off a powerful run for many years. >> nine years essentially, george. if you look at the last nine years since march of 2009, the markets have been on an upward trajectory about 160% higher since january of 2009. in just the last year even after all of the sell-off we've seen in recent days, in just the last year stocks are still over the full year up about 20%. in the last couple of weeks so fa

abc's rebecca jarvis says in real terms if you invested $1,000 a week ago you would have around $920. >> if you put $1,000 in the market you would make $200 on top of that. that money would be ahead despite of the losses. >> as caused the crazy ride? fear. the improving economy and wage increases sparked fear after a decade of rock bottom interest rates the federal research will start to hike rates and in response people and businesses spend less. >> but greg mcbribe at bank rate.com says that the losses are a healthy correction. the natural tendency to think oh, no what is wrong/there is nothing wrong. the fundamentals are better thank a decade. you see profit taking because interest rates going up? because the economy is getting better and that is the big picture to focus on. >> reporter: and experts say that the best thing to do with your money, the hardest thing to do, stay put. think about the long-term. try to buy or sell because the market is up or down. that is the best way to come out on top. reporting live, linda lopez. channel 6 "action news." >> thank you. >> back here we

and so we have brought brook jarvis here to join us on campus here today for a conversation with two esteemed scholar width deep experience and interest in the issues that her work explores. we're pleased to have joining us today, jason deleon, associate prefer of anthropology here at the university and director of the undocumented migration project. his research on latin american migration explores among other topics, violence, deaths, and mourning. he is the author on the book "the land of open graves. living and dying on the migrant trail" was award it a grants for his work that the macarthur foundation cite for, quote, challenge little audiences to confronted the come mixty of international migration and american policy choices. and to moderate the discussion today, we're pleased to have anne lynn associates professor of pock policy and teaches cores on public policy and implementation, qualitative research methods and a range of topics tied to immigration. some i'm going to turn things over to ann to guide our conversation today, but before we do, i want to remind you that it's

paul jarvis, thank you very much, indeed.et the latest stock stories coming out of the onomberg team, first your bloomberg. certainly something to pay attention to also on the mobile. let's talk about randgold resources right now. -- dividend after for the quarter profit rose. -- doubled its dividend after the quarter for fourth quarter rose. let's get a take from the ceo here at he joins us over the phone. make of the set up and markets right now with treasuries at almost 2.9%? how damaging will that be to the gold price? how the important international economy rolls out. everyone has high hopes for global recovery. there is a lot of data out, and the equities are overvalued. if you look at how resilient the gold price is going, i think interest rate hikes are going to be difficult to digest, because you haven't factored in what it is going to cost. i am still very bullish gold. it is all about producing a solid set of results in supporting our commitment to returning some of the value we have created to shareholders. h

rebecca jarvis says if you invested $1,000 in the market one week ago, today you would have closer to $920. >> if you put $1,000 into the market a year ago, you would have made of today $200 on top of that. >> meaning that money would still be ahead in spite of yesterday's losses. as for what caused the crazy ride, fear. the improving economy and wage increases have sparked fear that after a decade of rock bottom interest rates, the federal reserve will start hiking rates to prevent inflation. loans get more expensive and people and businesses spend less. greg mcbride of bankrate.com says the losses are just a healthy correction. >> there's this natural tendency to think, what's wrong? there's nothing wrong. the economic fundamentals are better now than they've been at any point for more than a decade. what you're seeing is profit-taking because of the fact that interest rates are going up. why are interest rates going up? because the economy is getting better. that's the big picture to focus on. >> reporter: experts say the best thing to do with your money is often the hardest, stay

jarvis agrees to a -- yu darvish agrees to a $126 million deal. we will see of the floodgates open a little bit now.>>> our extort tonight at 10:00 p.m. will be the warriors in the spurs who are playing right now. >> that will do it for us right here on ktvu. we are always here for you, and we will leave you with this beautiful sunset. have a great night. even if no one in your home smokes, secondhand smoke can be closer than you think. secondhand smoke from a neighbor's apartment can enter your home through air vents, through light fixtures and even through cracks in the walls and the floors. secondhand smoke is toxic. especially to children. protect your family. visit tobaccofreeca.com. clive bixby. what a sexy surprise. - quick question-- - mm-hmm? did it hurt when you fell from heaven? because you... fell... i'm gonna come in again. we are watching baby joe on valentine's day so my dad and gloria can... - make love. - ew. don't. - oh. - the point is, we are celebrating a day early. so they can finally be intimate. you've more than made that po

time why are they still there despite their access to the spokes person of the army of islam the jarvis group that holds east ghouta they have not asked him why his group is blocking woman and kids from leaving a war zone it's good press for him to stand there and complain that innocents are dying while meeting that they're dying because his own rebel fighters won't let them leave the armed groups inside east ghouta will not allow those people to leave simply because the little they will be the next target after that it will deprive them from a very strong media arm because those civilian deaths among the civilian actually create a sympathy all over the middle east and all over the world i think human are you almost as you know a propaganda tool these bloody war in syria so with it will continue i don't believe it will stop but definitely with this according to your human humility included or actually could do it use that human casualties among those people. killers cross live now to the syrian capital damascus we can discuss our story with political analyst taleb ibraheem very good eve

group has claimed responsibility for the attack it was formed just over a year ago from five other jarvis factions including the nord al denialism q movement which has in the past been supplied with weapons by the united states and some analysts say to get out of shanley's essentially al-qaeda in syria russia moved quickly to take action carrying out a number of strikes in a province its defense ministry says more than thirty militants were killed using high precision weapons. a friday saw the release of a contested republican memo alleging the f.b.i. and justice department abused their powers to secure a warrant to spy on a former trump campaign aide in twenty sixteen someone the party of suggest that it casts doubt on the whole federal investigation into the claims of collusion between the president's team and moscow documents publication has led to passionate debates in the media as well. put your wives those north koreans into stepping in line the republican party is so much light that people need to start taking to the streets this is a dictator this is a tipping point for our democr

jarvis: you go to their houses. you locate and tag the things on your list.cks will bring those items back here for a nice photo op. and while this is a city-wide operation, i expect 15 division to have the most substantial haul. so it's a competition? officer, it's always a competition. thanks, inspector. okay, any questions? good. so, remember, job today -- get the goods, get to fite nite, which will be running like a well-oiled machine by the time you all get there, thanks to officer diaz. that's it. dismissed. [ indistinct conversations ] you got to keep that rookie safe, okay? all right. make him drink this in an hour. that's your main job today. text me when he drinks it. [ police radio chatter ] gail: yeah, no, of course. i'm really excited. yeah. okay, i'm gonna meet you tonight at the penny probably around...7:00? okay. then i'll call you after shift, then. okay. you too. [ laughing ] okay. bye. oh, god. [ giggles ] what? i mean, how's duncan gonna feel when he looks out into the crowd and he doesn't see

let's get to rebecca jarvis live from the new york stock exchange tonight. what are you hearing? >> reporter: we learned today that the economy added 200,000 jobs in january, and wages are growing at their fastest pace in eight years. that's positive news for workers, but ultimately, it's also a sign that the fed can start hiking interest rates even more. we have been in a period over the last decade of rock bottom interest rates and as though begin to rise, the cost of boar reing gets more expensive. people and businesses spend less, but even after the selloff today, the stock market over the last year, still up 28% over the last five years of 82%, david. >> putting it in perspective. thank you. >>> there is much more had on "world news tonight" this friday. the alarming close call. a drone appearing to fly directly above the flight path of a passenger plane. look at that right there. the faa says it is investigating tonight. >>> also breaking at this hour, the suspect in the murder of this college student, braise bernstein. the suspect in court moments ago. troubling details ab

rebecca jarvis explains. >> reporter: it's a week night in san francisco but you'd never know it.he drinks flowing and jeremy gardner is holding court but he isn't a tv star or music mogul. >> it's a movement. >> reporter: he's been dubbed a crypto celebrity. silicon valley, his kingdom and bitcoin, a source of his riches. are you a millionaire? >> yes, many times over. >> bitcoin. >> bitcoin is the world's most popular crypto currency. you could use like cash but unlike other currencies, it isn't backed by any government. you don't keep it in a bank or carry it in your pocket. it exists solely online. bitcoin has experienced an astronomical rise in value. when it started you could pick up a single bitcoin for a penny. last year that same bitcoin would have cost $20,000 at one point. but it's been extremely volatile in terms of the price, leading some to question, is it all just hype? >> check the ledger from time-to-time. >> reporter: it's even become part of college curriculums. this class at new york university. >> there's no question crypto currency has crossed over into the m

strategists are warning for weeks that the seemingly unstoppable rally was due for a pull back but rebecca jarvisssures us it only feels like a decline. >> even after all the selloff in the just the last year stocks are over the full year up about 20%. >> president trump's treasury secretary, steve mnunchin says he doesn't see a need to worry. >> i am not overly concerned about the market voltist. >> these mean a good opportunity, you want to be greedy when others are fearful. the market is on sale now. you see an 8% pull back in the past few days, can you buy in now, at 8% better price than you would have gotten a week ago. but for longer term investors wondering how their 401(k) is doing, markets go down quickly they tend to recover quickly as well. >> reporter: and the best advice experts say is to remember that investing in a stock market is a long-term prospect. you don't want to jeopardize the long-term financial stability based on short-term numbers. don't react out of fear and look at the big picture. >> reporting live, linda lopez. channel 6 "action news." back to you. >> thank you. >>>

rebecca jarvis is back with us with more on that. hey, rebecca. >> hey, michael.hat's the biggest obstacle when you shop online? you never know how it's going to look in real life. well, now retail giant amazon is trying to change this with new augmented reality technology. >> picturing your new says can be a challenge. >> reporter: the new way to try before you buy. >> ar view in the amazon app lets you see how different items will look before you buy them. >> reporter: amazon customers using an apple or android device can see exactly what that furniture home decor or toy might look like inside their home without having to purchase it. >> i suspect they will move ar into other areas of retail. just imagine seeing a sweater you really like and being able to map it immediately on to your own body. >> reporter: the retail giant joining a growing list of companies now offering the latest augmented reality technology. from ikea and target to sephora and benefit which let you give makeup a virtual test run and it's just the beginning. >> i mean, really incredible techn

abc's chief business correspondent rebecca jarvis starts us off. >> how quickly things can change onl street. it's safe to say it's a fool errand trying to call what's going to happening minute by minute. the dow back up today at 230 points. this volatility is scary for investors. >> it is. if you look at the context, over time the markets still, even after the sell off in recent days, the dow jones industrial average is up over the last nine years 160%. if you look over the last year, even if you put your money into the 401(k) in the last year that money should still be in positive territory because the market is up 20%. >> the economy is still very strong. >> we've been seeing that strength continue month after month. 88 straight months of job gains. in the month of january the economy created 200,000 jobs. wage growth growing at its fastest pace in eight years. the housing market -- some people will say could the be where the financial crisis was. we're in a very different place. today you have a housing market relatively strong. an improving jobs market. improving wages. for most

abc's chief business correspondent rebecca jarvis starts us off.arkets around the world reacting >> that's right. good morning to all of you. we're seeing markets selling off around the globe overnight. this morning, the dow also poised to open lower but it's been fluctuating a lot. if you look at this last month, the month of february stocks have wiped out over a trillion dollars in value in the span of a few days. in the last five days the dow down 8% and to put that into real terms if you had invested $1,000 in the market one week ago, today you would have closer to $920. you would have lost about $80 on that bet, michael. >> oh, wow, seems like the economy is strong. what set this off? >> this is what's surprising. things are improving and the unemployment rate is low. wages, those are climbing at the fastest pace in eight years and that's part of the issue here. that has sparked fear. the improving economy has sparked fear after a decade of rock bottom interest rates the federal reserve will start hiking rates to prevent inflation and as those

that's when legal aid sonoma stepped in and even disaster attorney kendall jarvis has had a hard time. >> there isn't a party available to hold responsible and get answers to these questions. who is it? who do we need to call to get an answer? i don't know who that person is. i haven't been able to find them. >> reporter: robert isn't her only client. we asked and fema said only 3,356 applicants have been approved for aid out of the 16,660 who applied in sonoma county. at least two dozen of those rejected fire survivors have turned to legal aid and even more plan to attend their fema seminars. >> it feels like a crushing bulldozer taking your feelings and just pushing it aside. you don't matter at this point. >> reporter: lorna rockman mcintyre's daughter has cerebral palsy and her therapy horse crystal prescribed to her by a doctor died in the fire of since then medical bills are stacking up and she has regressed. fema rejected her claim for aid as well. >> i definitely feel there is a black hole. >> reporter: legal aid accuses fema of rejecting aid without a clear reason, repeatedly

rebecca jarvis spoke about it on "good morning america." >> by the way, not all third-party sellers areng fakes. there's a couple of telltale signs to tell you whether or not you're buying a fake. for example, the reviews. if you're on amazon, you can see if someone is a verified purchaser if they've actually bought the product they're reviewing. >>> also, check the price. if it's too good to be true, it probably is. >> heard that one before. >>> the nfl in need of a new official pizza. papa john's and the league are ending their sponsorship deal. the ceo criticized the protests going on during the national anthem. he later apologized and stepped down as ceo. they're not divorcing from the nfl altogether. it will keep individual partnerships with 22 individual teams. >>> we're days away from the oscars. looking live at the dolby theatre in hollywood. abc 7 news anchorion lim will be reporting live at 5:00 p.m., jimmy kimmel hosts the 90th oscars. >>> imagine a grocery store without plastic. new at 6:00, the company rolling out that ambitious goal one aisle at a time. >>> first, video sh

rebecca jarvis has more. >> reporter: you could see it in their faces.1500 points before recovering somewhat, still ending the day down 1,175 points. the biggest one day point drop in history. it came as the president was praising the strength of the american economy and jobs in ohio. >> gave something very big back and that's tax cuts. >> reporter: cable news shows the precipitous drop in the corner of the screen. he's repeatedly touted the gains. many say the tax cuts helped fuel the dow. >> i told you the stock market is hitting one all-time record after another. >> the stock market is shattering one record after another. >> the stock market is way up again today and we're setting a record literally all the time. >> reporter: the dow is up 21% in just the last year but with such dramatic climbs can come volatility. and while job gains and wage increases are positive news for workers, they're also a signal for the federal reserve to hike interest rates. >> when the market pulls back and specifically as sharply as we've seen, there's this natural tenden

tommy jarvis from stinson beach says it is 54 degrees and a garden full of doubts.record highs in gilroy like 82 yesterday. kentfield and san rafael tied the record yesterday as well as sfo setting a record. we have no rain since the 25th. we have 15 straight days with no rain but it will probably go longer to about 20 days or so. high pressure will be holding ground today and it is sunny for everyone. by saturday we have the transition coming. sunday night into monday we have a low developing that is dry forming in central california or near us and then dive to the south cooling us down. it is dry without moisture but it will create a good breeze. today we have the offer breeze so the monterey peninsula is warm. 60 in pacific grove. carmel at 60. it is very warm with no issues from the fog. 40s and 50s but we will see more record highs with changes coming with at least cooler temperatures starting saturday and sunday night. temperatures will be dropping 10 to 15 degrees but overall plenty of 70s near 80 again today. things will eventually change sunday and monday.

rebecca jarvis is here. how is this going to work out? >> good morning, michael.o get point? this is the company helped fuel boom in online shopping. now they want to own more of that process. later this year, amazon is expected to pick up packages from brick and mortar businesses and deliver them to consumers. they'll test this service in los angeles before rolling out to more consumers around the country later this year. am zon is not outright confirming it. but they're not disputing it. telling us, we're always infoe rate issing and experiments on behalf of customers and the buzzes that sell and grow on amazon. this could be an issue for the likes of u.p.s. and fedex. it won't happen overnight. is it going to save me money? amazon can't afford to make this cost a lot more money. not initially, because ultimately, that would create a price war. they don't want to drive away customers. they want to gain more customers with this. >> boy they're into everything. >> everything. >> turks rebecca. >>> now more on the olympics. team usa racking up medals. amy is there

rebecca jarvis is here and, rebecca, that tweet wiped out more than $1 billion in value?t, michael. snapchat has 187 million daily active users, many of them between the ages of 18 and 24 years old. and when the queen of snap herself, kylie jenner, speaks or posts or tweets, you can bet they're listening. this morning it turns out wall street is listening, too. ♪ >> i don't know what it's like to live a normal life. >> kylie! >> reporter: she's the 20-year-old multimillionaire makeup mogul who presides over a social media empire. documents almost every aspect of her life on instagram and snapchat. >> in order to like stay relevant for the public i have to be on instagram and i have to be on snapchat. >> reporter: but this morning, the "life of kylie" star has single handedly sent the stock of snap january chat plummeting. thanks to her one tweet to her 24.5 million followers. so does anyone else not open snapchat anymore? or is it just me? this is so sad. in the hours following her tweet shares fell more than 6% thursday. wiping out more than $1 billion in value. oh, stha

plunge on monday but the markets made a comeback on tuesday making up about half the losses, rebecca jarvishere tracking this closely. good morning, rebecca. >> hey, good morning, michael. yeah, it's enough to make you feel whiplash when you look at the market. after the single biggest point decline on monday stocks swung 500 points lower before clawing their way to close up almost 600 points higher. this volatility brought on by fears of inflation and that the economy is now on firm enough footing for the fed to start hiking interest rates faster than expected and talked to a number of veterans and they say the biggest surprise here is that we didn't see this volatility sooner, markets have now been on this record run for nine years. that's unusual. many have been waiting for this breather before the climb, michael, and they're saying, okay, let's wait and see now at this point. >> well, have the markets stabilized or should we be ready for more volatility? >> from talking to a number of experts, most are predicting more volatility ahead but thought coming out from a point of panic, instea

cosmetics and electronics and other items sold through amazon and walmart are counterfeit and rebecca jarvisning. >> reporter: good morning. this is important because we are spending billions of dollars every year as consumers online, 96% of americans shop online but, this morning that report says many of those products sold on popular websites could actually be fakes. now, the most commonly frequently counterfeited items are travel mugs, cosmetics and phone chargers. and some of the country's biggest companies named in the report are amazon, ebay, walmart and sears marketplace. it's important to note that all the fakes that come on those websites are sold by third-party sellers, not by the websites directly. these websites act like marketplaces, many of the products are not sold directly by those retailers, and the independent sellers are known as third-party sellers. you can figure it out on amazon. if it says ships by or sold by and there is a hyperlink underneath the item that will tell you who is actually the real seller. >> we all need to know when you're buying a fake when you're gett