((sot)) jarvis "historically speaking, when january is down, the year is a down year."stock prices have been tumbling since new year's day.. with wholesale oil prices plunging.. dropping to levels not seen since 2003.. meaning.. we're seeing some historically low gas prices.. dollar a gallon in michigan earlier this week.. great news for consumers.. mos: more money in my pocket? for my familybut not for energy companies.. and this woman who lost her job at an oil company this month.((sot)) temetreon roberts: "i can't say i was overly shocked only because of the climate. it's been this way for months." ((sot)) jarvis "and if prices continue to drop, the biggest fear in the markets right now is that energy companies will start to default on their debt. it could be similar to our financial crisis in the great recession."another big concern? volatility in markets overseas.. especially china.. the asian giant's growth for the year was less than 7- percent.. that's the lowest in 25 years. ((sot)) jarvis"if you have money in stocks, your best bet is to ride it out as opposed t

traffic is all clear now on the jarvis kl the fire department has a water rescue underway at the jarvis klapman bridge. a columbia fire spokesman said emergency vehicles on the bridge will be affecting traffic. you're being asked to avoid driving in that area. kershaw county deputies are fire department has a water rescue underway at the jarvis klapman bridge. a columbia fire spokesman said emergency vehicles on the bridge will be affecting traffic. you're being asked to avoid driving in that area. kershaw county deputies are trying to figure out who's several people were caught on camera breaking into the vehicles in the cook road and watts hill drive area. if you have any information that can help investigators -- call crimestoppers at 1- 888-crime-sc. kershaw county deputies are also looking for a man who pulled out a gun at a local gas station. in december -- a man carrying a gun tried to go into the young's gas station on jefferson davis highway in camden. the employee standing outside was able to get in and lock the doors. authorities say the man -- about 5-foot-8 -- was wearing a

here is rebecca jarvis. >> ever wonder what a shark would say is the best way for you to build wealthht now? ask shark kevin o'leary and he'll tell you. >> saving money is the key to long-term success. if i was in debt, i would do whatever it takes to save all my napkins when i went to a fast food restaurant so i didn't have to buy them. debt is a killer. >> one in three american households lives paycheck to paycheck with the average home carrying $130,000 in debt. tiffany, otherwise known as the budgetnista says she began her climb out of deep debt when she had no job. >> i was a preschool teacher and lost my job. >> you're almost $300,000 in debt at the time. >> the key so getting rid of that $300,000 in debt was cutting back on housing costs. first, moving in with her parents, then friends. >> a lot of my friends thought i was crazy. >> she used the website magnify money to identify zero rate credit cards to transfer her existing card balances to that involved no fees allowing her to fay down her debt faster. today she is the owner of a successful financial advising business and us

>> here's abc's rebecca jarvis. >> that was nice to meet you, ben. >> reporter: office romance, even the interns can't escape it. >> see you later? >> love to. >> reporter: but not all's fair in love and work. these days many companies have policies that frown upon cubicle courtships. so, what happens when the one is the one you sit next to every day? >> we worked together for just over a year and i never told a single soul. >> reporter: 27-year-old jaclyn smith and now husband tyler mcgee were together for four years when tyler took a job at her company where she no longer works, finding his desk right next to his girlfriend's. >> eight floors of a building, you didn't expect to be eet away from her. >> reporter: the couple choosing to keep their relationship about our reputation and what people might think or say. >> reporter: the business insider editor says there were several steps they took to keep their work and personal lives separate. >> you should always check the company policy before you start an office romance. >> we weren't showing up and leaving at the same time. and to

((sot)) jarvis "historically speaking, when january is down, the year is a down year." stock prices have been tumbling since new year's day.. with wholesale oil prices plunging.. dropping to levels not seen since 2003.. meaning.. we're seeing some historically low gas prices.. including gas for less than a dollar a gallon in michigan earlier this week.. great news for consumers.. mos: more money in my pocket? for my family but not for energy companies.. and this woman who lost her job at an oil company this month. ((sot)) temetreon roberts: "i can't say i was overly shocked only because of the climate. it's been this way for months." ((sot)) jarvis "and if prices continue to drop, the biggest fear in the markets right now is that energy companies will start to default on their debt. it could be similar to our financial crisis in the volatility in markets overseas.. especially china.. the asian giant's growth for the year was less than 7- percent.. that's the lowest in 25 years. ((sot)) jarvis "if you have money in stocks, your best bet is to ride it out as opposed to ta

mcnair, specialist, ellison onizuka specialist, christy mcauliffe, payload specialist, and gregory jarvis, payload specialist. therefore, be it resolved that the house expresses its condolences to the family and crew members of the challenger shuttle mission and be it further resolved that the clerk committed to these resolutions to the families of the challenger crew and be it further resolved. >> on the resolution the gentleman from texas is recognized for one hour. >> mr. speaker, i yield 30 minutes at that time to the senate minority leader, the gentleman from illinois, pending that i yield myself such time as i may consume. >> mr. speaker, the brave and dedicated young americans who the state perished in the unspeakable tragedy witness with such a trauma and vicarious experience by millions of people are the very essence of what has made our country great from age to age. theirs was the willingness to risk everything they owned and were, upon a sublime faith in the skills of thousands of fellow workers, unknown and nameless, and in order our nation might conquer the next frontier of

rebecca jarvis, abc news, new york. >>> they said try, what is it? ticket network or stubhub?ces. >> i'm trying to get bieber ticks at the barclay center in brooklyn. some availability, 152 bucks. not bad. you just have to stomach bieber for an entire concert. >> you love your believes. >> i do. >> i haven't been to a concert since new kids on the block. >> wow. >> it's been awhile. >> so bush administration, number one. >> yeah. that's about right. >> you got the right stuff though. >> baby. liquid gels are new. mucinex fast max. it's the same difference. these are multi-symptom. well so are these. this one is max strength and fights mucus. that one doesn't. uh...think fast! you dropped something. oh...i'll put it back on the shelf... new from mucinex fast max. the only cold and flu liquid gel that's max-strength and fights mucus. start the relief. ditch the misery. let's end this. approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. >> reporter: and investig

it's more about insiders who are abc's rebecca jarvis explains. hello from the other side >> reporter: from adele to bruce springsteen. dancing in the dark >> reporter: -- thousands of frustrated fans shut out or forced to pay as much as $9,000 a ticket to their shows. the new york attorney general says the system is rigged against the consumer. >> middlemen, brokers, ticket vendors and more who really use any means they can, some legal, some illegal, our report uncovers what's really a shadowy network. >> reporter: finding the majority of tickets go to presales and music insiders, leaving less than half reserved for the public. and even then, ordinary fans have to compete with resellers, some who may use special software, known as bots, to buy up blocks of tickets at lightning fast speeds, often marking them up to astronomically high prices on the resale market. >> and that's what we call a rigged system. >> reporter: investigators say this crack down is just the tip of the iceberg. this question and talk to lawmakers about really cracking down o

jarvis kennedy/tribal council member anybody else got here."tribal council member jarvis kennedy says the response here would be much different if his tribe were occupying the federal building. jarvis kennedy/tribal council member "oh, we )d be already shot up and blown up and in jail, handcuffed."for now, law enforcement seem to be taking a wait-and-see approach, hoping to avoid an escalation. sheriff david ward/harney county, or "we )re going to work-p&through this thing. we re going to work through it peacefully, and hopefully speedily."i m reid binion, reporting. a basketball coach was taken out of a game - after he was caught on camera headbutting a referee. take a look. it happened towards the end of a game in pennsylvania . the video shows head coach "jerry devine" reacting to an offensive-foul call. he walks toward one of the refs, then appears to throw a head butt. it knocked the ref to the ground. the coach was tossed-out of the game. officials say -- this official -- has not pressed charges.. but police "and" the school district pres

. >> here's rebecca jarvis. >> that was nice to meet you, ben. >> reporter: office romance, even then't escape it. >> see you later? >> love to. >> reporter: but all's fair in love and work. these days many companies have policies that frown bon cubicle courtships. what happens when the one is the one you sit next to every day. >> we worked together for just over a year and i never told a single soul. >> reporter: jaclyn smith and now husbander tile ear mcgee were together for four years when tyler took a job at her company where she no longer works, finding his desk right next to his girlfriend's. >> eight floors of a building you didn't expect to be sitting 15 feet away from her. >> reporter: the couple choosing to keep their relationship private from coworkers. >> we were worried what people might think or say. >> reporter: the business insider editor says there were several steps they took to keep their work and personal lives separate. >> you should always check the company policy before you start an office romance. >> we weren't showing up and leaving at the same time. and to b

that was rebecca jarvis reporting. how much lower will prices go? gas buddy predicts they'll fall another 10 to 20 cents this week. in fact, americans are expected to save $17 billion dollars at the pump this year. and here's a look at the cheapest prices around town. according to gasbuddy.com you will pay .....2.31 at arco. we have a link to the cheapest prices in your neighborhood on our kolo 8 app or at kolotv.com. delta air lines was flying a little higher last year, thanks to plunging oil prices. more than five-billion dollars on fuel last year. and it believes those savings could continue this year. the airline expects too keep another three- billion dollars in 2016... thanks to lower energy prices. there has been some pressure on delta and other big airlines to cut ticket prices. low-cost carriers southwest, jetblue and spirit have pushed fares lower across the board.### now to california... and a deadly bus crash on highway 101 in san jose. 2 women were killed in the crash and 9 others the driver survived and reportedly told police that he w

abc's rebecca jarvis has more. >> reporter: it was bad but it could have been so much worse. it started with a sharp selloff in china, very weak matching data indicating the world's second largest economy is slowing, the fears here there could be a ripple effect on the economy in the united states and around the world. second oil prices have been tanking since last year even, and now there are big concerns about what that means for the energy space. jobs here in the united states. while it's great news for consumers, it's not great news for energy companies or the people that they employ. and historically speaking, 70% of the time, what happens in january is what sets the tone for the rest of the year. there's an old saying here on wall street, "as it goes in january, so goes the year for stocks." well, there are 18 more trading days to set the tone for 2016. rebecca jarvis, abc news, new york. >>> today, california is bracing for some extreme weather from el nino. the last el nino fueled a storm 18 years ago, killed more than a dozen people in the state and caused billions o

rebecca jarvis has some tips to get you started. script: nats -- new year's countdown this morning, just in time resolutions five smart money moves to get you started on the path to financial fitness. step 1: cut the clutter. from your banking to your bills, set up auto- pay and accounts online to save yourself time and late fees in the year ahead. unsubcsribe from emails, and services you're no longer using. step 2: order your free credit report at annualcreditreport.co m you're entitled to one a year. now's the time to check it over and know where you stand. so nothing's standing in the way of you getting a mortgage, credit card or car loan this year. amend any errors, and pay down any overdue debts. step 3. turn your phone into a financial advisor. no need to pay a broker big bucks and wealthfront help you set your goals, recommend, and automatically invest your money in low-fee funds. step 4: max out that 401k. you've probably heard it a million times, but if your employer offers a 401k match and you're not taking full advantage

rebecca jarvis has some resolutions. script: nats -- new year's countdown this morning, just in time for your new year's resolutions five smart money moves to get you started on the path to financial fitness. step 1: cut the clutter. from your banking to your bills, set up auto- pay and accounts online to save yourself time and late fees in the year ahead. emails, and services you're no longer using. step 2: order your free credit report at annualcreditreport.co m you're entitled to one a year. now's the time to check it over and know where you stand. so nothing's standing in the way of you getting a mortgage, credit card or car loan this year. amend any errors, and pay down any overdue debts. step 3. turn your phone into a financial advisor. no need to pay a broker big bucks nats -- betterment app apps like betterment and wealthfront help you set your goals, recommend, and automatically invest your money in low-fee funds. step 4: max out that 401k. you've probably heard it a million times, but if your employer offers a

tribal council member jarvis kennedy says the response federal building. (jarvis kennedy/tribal council member) "oh, we'd be already shot up and blown up and in jail, handcuffed." for now, law enforcement seem to be taking a escalation. (sheriff david ward/harney county, or) "we're going to work through this thing. we're going to work through it peacefully, and hopefully speedily." i'm reid binion, speedily." reid binion, kwwl news. the group's leader said he's been told the f-b-i has arrest warrants and plans to raid the property. law enforcement has not said if that's the case. after many failed attempts -- congress has the votes to repeal the president's health care law -- but lawmakers don't have enough to override a veto. yesterday, the house passed legislation that would dismantle planned parenthood. this is the first time a repeal law will actually make it to the now onto decision 2016... with the caucuses less than a month away and ted cruz leading donald trump in iowa...trump is questioning whether cruz is elligible to be president. and cruz, who'

for good morning america, rebecca jarvis, abc news, new york. > a fire breaks out at a hotel... right across the street from where fireworks were about to be set off. coming up on action news live at 3-30-- assignment...but soon found himself trapped he caught his escape on video...plus you'll hear from him. and it's 2016, and new laws go into effect today. all those details ahead. and remember you can get all your breaking news and weather updates anytime just by downloading the free ktnv mobile app for your smartphone or tablet. tt0w t+o(m! %4@-e5d tt0w t+o(m! el@-o2( tt0w t+o(m! ed@-i0l tt0w t+o(m% )8h-)n0 tt0w t+o(m% kzh-4!l tt0w t+o(m% n-h-ah@ tt0w t+o(m% 0ph-_/x tt0w t+o(m% s"h-o]8 tt0w t+o(m% ueh-l?h tt0w t+o(m% 7hh-p=< 3:30... enough is enough... president barack obama is taking action on gun contol. details on what the possible executive orders the president is considering to make it harder for some americans to arm themselves. a man is found dead inside his hopes of tracking down the people responsible. but first... we want to get to an update on that breaking news --

((sot)) jarvis "and if prices continue to drop, the biggest fear in the markets right now is that energy companies will start to default on their debt. it could be similar to our financial crisis in the great recession." another big concern? volatility in markets overseas.. especially china.. the asian giant's growth for the year was less than 7-percent.. that's the lowest in 25 years. ((sot)) jarvis "if you have money in stocks, your best bet is to ride it out as opposed to take it out of the market because people who take it out of the market when it's down are the people who lose." liz tag: so bottom line.. take a deep breath... analysts say.. just remember, this could be a rocky year for the news, ny . " jenna: the trial of a sioux city man accused of killing a man in sloan last year is being delayed till this summer . tim: a district judge rescheduled timothy schroeder's trial for july. it was originally set for next month. the change comes after attorney's asked judge jeffrey neary for more time to prepare for trial. 30-year-old schroeder has pleaded not guilty to first- degree mur

and try a free trial of the rebecca jarvis, abc news, new york. prices and delivery fees vary around the country so you need to do your homework to make sure it's worth it for you. high pressure still has hold of the southern nevada area today. with some high level clouds, mainly sunny skies will be common. high temperatures hold between 53 and 57 for most of the area and winds will be rather mild out of the southwest between 5-10 mph. winds do pick up though by between 10 and 20 mph due to an approaching cold front and low pressure from the west. temperatures will climb into the upper 50s by thursday and heavy cloud cover is expected. the front should pass over head thursday into friday with rain chances on the fence for now. we will keep to breezy conditions into the weekend along with partly and high temperatures in the mid and upper 50s. another shot for showers falls around sunday morning into the afternoon but depending on how we restructure our mid and upper level stability, cloudy skies may be all we get. now let's take a look at today's t

sot: trevor jarvis, stopped to help during fire says tc 00:03:01 "he was wearing a short sleeve shirt and it was 44 degree )s out there and i was i was wearing a long sleeve shirt, so i just gave my jacket to him." sot: capt. heather marks, hopewell fire marshal says tc 11:14 "it says a lot about how that child was raised to help somebody and not think twice about it and didn t ask for his coat back and just left." the pair eventually made it bible study - a little late. trevor was worried his father would be mad that he gave his coat away, but both of his parents said they were very proud of their sons act of kindness. the cause of the fire remains under investigation. new details the mom of the so-called )affluenza ) teen returned to texas today. tonya couch was booked in a fort worth jail and is being held on a one million dollar bond. she s accused of helping her son ethan couch flee to mexico-- he s there now fighting extradition. ethan couch is accused of violating his probation after a deadly drunk driving crash. on the outer banks more than 300 sea turtles are recovering at th

crews had to close sunset boulevard near jarvis headaches for people on their morning commute in west columbia. crews had to close sunset boulevard near jarvis klapman boulevard after water leaking from a water main froze on the road...forming a sheet of the city of west columbia says crews will be working on that line today and drivers should expect slowdowns in the area. officials say only the poultry processing facility in the 300 block of sunset is impacted by a boil water advisory now in place. several areas throughout the midlands are still recovering from october's devastating floods. and tonight, richland county leaders want home and business owners to know they're n n alone in the recovery process. our michal higdon has more on meetings taking place this week to prevent more problems in the future. if you have paperwork and photos from october's flood or recurrent flooding that's affected your home -- richland county officials want you gather all of that documentation for an important strategizing meeting tonight. richland cououy leaders are looking to develop a future flood

officials say 44-year-old jarvis hurst was also arrested. the condition of the stabbing victim is still unknown at this time. an armed robbery out of richland county remains under investigation this morning. officials say it happened in the 11-hundred block of south hillock court. authorities say the suspect approached the victim as he was getting into his head and demanding his belongings. the victim handed over his i-phone six plus. the suspect fled, hitting a parked car on the way. after investigators arrived on scene, they say the suspect's mother brought the phone back to them. we're told criminal charges are pending. some good news regarding some west columbia resident's water. a boil water advisory has been lifted for customers in the 400, 500 and 600 blocks of old barnwell road, lynn drive, bel-air drive, and in the savannah woods subdivision. also... service has been restored for those of you affected by the water line relocation project in west columbia. officials say water customers who lost water pressure should boil your water v

mcnair,nair, -- ronald followed by mike smith and greg jarvis. 28,0 years ago on january the space shuttle challenger aftered 38 seconds liftoff. taking the lives of the crew members pictured here. conclusions of the presidential commission on the space shuttle accident released on june 6 of 1986. first, nasa's video of the launch followed by the remarks from president reagan about five hours after the accident. >> t -15 seconds. t -10. 6, main engine start, off of the and lift 25th special mission and it has clear the tower. roll, challenger. program confirmed, challenger heading down range. engine beginning throttling down at 94%, normal throttle for most of the flight at 104%. will throttle down to 65% shortly. 65%, three engines running normally. three good fuel cells, three good ipu's. velocity 257 feet per second. downrange distance three knock on miles. nautical miles. throttlenger, go at up. one minute 15 seconds, altitude 9 nautical miles. flight controllers looking carefully at the situation. obviously, a major malfunction. we have no down like. -- downlink. report from the fligh

((sot)) jarvis "historically speaking, when january is down, the year is a down year." stock prices have been tumbling since new year's day.. with wholesale oil prices plunging.. dropping to levels not t en since 2003.. meaning.. we're seeing some histically low gas prices.. including gas for less than a dollar a gallon in michigan earlier this week.. great news for consumers.. mos: more money in my pocket? for my family but not for energy companies.. and this woman who lost her job at an oil company this month. ((sot)) temetreon roberts: overly shocked only because of the climate. it's been this way for months." ((sot)) jarvis "and if prices continue to drop, the biggest fear in the markets right now is that energy companies will start to default on their debt. it could be similar to our financial crisis in the great recession." another big concern? volatility in markets overseas.. especially china.. the asian giant's growth for than 7-percent.. 25 years. ((sot)) jarvis "if you have money in stocks, your best bet is to ride it out as opposed to take it out of the marke

jarvis was great. who was that? >> that was gwenyth paltrow. she is fantastic.> she doesn't look robotic at all. is this a good goal? >> shouldn't he be running a company instead of running our economy into the ground with his nonsense? >> the woman who runs facebook is out telling women to lean in everywhere. >> is she sailing in america's cup? godfried. >> she made it sound like another new year's resolution. you know what, i am going to lose 20 pound and create a robot. it is making everyone else's resolutions seem lame. >> he is a multi billionaire. hospital he try to be a man of the people? we can't make robots to run our homes. >> i can never afford your robot, mark. >> what do you think? they have -- you can get one of those bells -- what do you call them, the video bells? you can see them advertised on tv. >> the willow curve. >> we can all live like zuckerburg. isn't it amazing that the future is here for all of us? >> it is here for the rich people. if it was -- if i was going to get a robot i would care, but i am not getting a robot. i couldn't even r

abc's rebecca jarvis explains. >> reporter: from adele to bruce springsteen. dancing in the dark >> reporter: -- thousands of frustrated fans shut out or forced to pay as much as $9,000 a ticket to their shows. the new york attorney general says the system is rigged vendors and more who really use any means they can, some legal, some illegal, our report uncovers what's really a shadowy network. >> reporter: finding the majority of tickets go to presales and music insiders, leaving less than half reserved for the public. and even then, ordinary fans have to compete with resellers, some who may use special software known as bots to buy up blocks of tickets at lightning fast speeds, often marking them up to astronomically high prices on the resale market. >> and that's what we call a rigged system. >> reporter: investigators say this crack down is just the tip of the iceberg. they will continue to look into this question and talk to lawmakers about really cracking down on those bad actors who drive up ticket prices. rebecca jarvis, abc news, new york. >>> they sa

that was rebecca jarvis reporting. how much lower will prices go? gas buddy predicts they'll fall another 10 to 20 cents this week? and americans will save $17 billion dollars at the pump this year. ### i personally searched for the lowest gas prices in northern nevada. in reno you can find it for 2-29 at costco. the best price in carson city is at costco-- for a-dollar-79 and in sparks--- once again--- costco has the best price at 2-25. ### information tonight about the deadly bus crash on highway 101 in san jose. the n-t-s-b is investigating. the crash killed at least 2 people, and injured 9 others. the driver survived and told police that he was tired. we talked with an eye witness who saw the bus... moments before it tipped over on its side. it was see-sawing. on the median. on average ...there are 35 bus crashes a year... that kill more than 53 people. fatigue is one of the biggest worries, for safety investigators. ### donald trump is getting a major boost in his race for the white house from sarah palin-- just 13 days our from the first votes

chief business and economics correspondent rebecca jarvis is here to break it all down. they're calling this the worst start to a new year ever.all? >> it's looking really bad, cecilia, a lot of people looking at the markets are seeing another big hit. the market fell another 400 that is a loss of more than 8% so far for this year. now, part of the blame here is oil. oil closed at $29.42 that is the lowest level for oil prices in 12 years. now, from a consumer standpoint you're benefiting because you're paying less at the pump is all the energy companies in this company. their profits are getting eaten into and for people who have jobs in the oil and gas industry right now, this is a big because their jobs are now looking like they are at risk. some of them have even been lost already. there is also china. china's markets are causing big fears here because their markets are down 20%ber highs they have been getting hit time and time begin, cecilia, and what we've seen over and over again this year when arkets tank, ours do too. >> what is happening with people's 401(k)s,

rebecca jarvis, abc news, new york. >> that will do it for "action news" at 4:00 for sharrie williamsd adam joseph i'm brian taff. hope you'll join me with sharrie adam and ducis rodgers on phl17. "action news" at 5:00 is coming up next. >> ♪ >> "action news." delaware valley's leading news program. with jaime apody, meteorologist cecily tynan, rick williams and monica malpass. >> ♪ >> in the air and on the ground a massive search is under way tonight on the east side of allentown for a missing five-year-old boy. >> little jayliel vega reportedly ran out of a family member's house late last night right in the middle of a new year's eve party. >> friday night new year's day 2016 rick is off and brian taff joins us. the big story is the hunt for that missing child with autism and concerns are now rising for his safety. "action news" reporter trish hartman live in allentown for us with the very latest on this. good evening, trish. >> reporter: good evening, monica. police and family and friends have been searching for five-year-old jayliel vega all day long. this is the command post in t

rebecca jarvis, abc news, new york. >> rebecca, you lost me at 299 membership fee. >> i'm wondering ifiscount if you have amazon prime. but i mean -- >> 299? >> that's your biggest workout every day, isn't it, though, when you're lifting all your groceries? >> oh, yes. you know those canned tomatoes, they help with those biceps. >> that's looking like spam. >> spam? >> yeah. >> do you like spam? >> who doesn't like spam? >> you can come over for dinner. i'll cook you spam dinner. >> it's hawaiian gourmet cook. >> oh. i didn't look at it that way. >> we'll be right back. l liquid. but these liquid gels are new. mucinex fast max. it's the same difference. these are multi-symptom. well so are these. this one is max strength and fights mucus. that one doesn't. uh...think fast! you dropped something. oh...i'll put it back on the shelf... new from mucinex fast max. the only cold and flu liquid gel that's max-strength and fights mucus. start the relief. ditch the misery. let's end this. today you can do everything in just one click, even keep your toilet clean and fresh. introducing lysol cli

abc's chief business correspondent rebecca jarvis on and rebecca, a lot of people wondering, is this a sign of things to come this new year? >> reporter: david, it was bad news today, but surprisingly, it could have been so much worse. i've been speaking to a number of veteran floor traders here today and they tell me, this even caught them offguard. it started with a sharp selloff in china. fears that a slowdown in the world's second-largest economy could have a ripple effect here on the united states and our economy. the other big factor, oil prices, which are lower, it's great news for consumers. you pay less at the pump, but bad news when it comes to energy companies and the jobs of people in this country working at energy companies. there's a saying here on wall street. as goes january, so goes the rest of the year for stocks. it's true. 70% of the time, david. so, we have another 18 trading days to set the tone. >> let's hope it's not today. rebecca jarvis, thank you so much. >>> the white house tonight is responding now to escalating tensions overseas between two powerful musl

rebecca jarvis, abc news, new york. >> and here in the studio with me right now from the food bank of contra costa & solano, executive director larry sly. and you have been doing this for so long. it's so nice to see you again. >> nice to see you. >> how many years now? >> it's coming up on 40 years. it's a long time. >> eh, you're just a pup. you're just getting started, right? >> hopefully i'll get it down. >> [ laughing ] maybe some fool will hire you, right? >> yeah, right. >> you started the first -- one of the first food banks back in the '70s. why? why did you do that? >> well, okay. at that point what we were doing was providing a supplemental assistance. somebody went in to apply for a government assistance program, had forgot to bring their children's birth certificates. they sent them to the local church, where they could get three days worth of food to help get them through until the government assistance programs were available to them. it's been interesting, cheryl, because what we've seen now is we've become part of the network that provides service to people in need be

i think we'll see a mini jarvis pretty soon.avid: frankly if you can learn mandarin you can do just about anything. >> seems that way. david: see you at top of the hour for "risk & reward." black monday is here for nfl coaches. big names getting benched for the next football season coming up. "the force awakens" to another box office record. the millions the movie raked in over the holiday weekend. the numbers keep climbing. that's next. at ally bank no branches equals great rates. it's a fact. kind of like reunions equal blatant lying. the company is actually doing really well on, on social media. oh that's interesting. i - i started social media. oh! it was my...baby. new zicam cold remedy nasal swabs shorten colds with a snap, and reduce symptom severity by 45%. shorten your cold with a snap, with zicam. perfect driving record. >>perfect. no tickets. no accidents... >>that is until one of you clips a food truck, ruining your perfect record. >>yup... now, you would think your insurance company would cut you some slack, right?

(sot-jarvis nterview) (jon jarvis/national park service director) "that, uh, can interfere with let's say nesting birds / these spectacular images from yellowstone national park were also captured by a drone. it's the scenery that brings people from around the world. (sot- tourist looking at wildlife) "yeah, i could sit here for hours and just gaze at this..." nature lovers who come ... just for this: (sots - tourist sound) "primarily... i'm here for the photos..." ....not this. (nats/buzz of drones) (sot-jarvis interview ) tom: "it juut destroys the ambiance is that it?" jarvis: "it doee, maybe not for the user that has the drone, but for the rest of the public, it can be very disturbing." but it's more than the noise. andreas meissner's drone actually crashed in lake yellowstone. a park diver had to get it out. meissner, a german national, was fined....and banned from the park for a year. (standup) (tom costello/nbc news/rock creek park, dc) "the fines for flying a drone in a national park can range from less than a $100 to more than a $1,000, depending on whether wildlife is distur

abc news chief business and jarvis is here to break it all down. they're calling this the worst start to a new year ever. what's behind this all? >> it's looking really bad, cecilia, and a lot of people at the markets are seeing the market fell another 400 weekend for wall street. so far for this year. now, part of the blame here is oil. oil closed at $29.42 a barrel. that is the lowest level for oil prices in 12 years. you're benefiting from it the pump but the issue is all country. their profits are getting eaten into because of prices this low and for people who have jobs in the oil and gas industry right now, this is a big concern looking like they are at risk. already. there is also china. china's markets are causing big fears here because their markets are down 20% from the december highs. they have been getting hit time and time begin, cecilia, and what we've seen over and over again this year when china's markets tank, ours do too. >> hits us here at home. concern and fear the words you mentioned. what is happening with people's 401(k)s, so