correspondent jill wagner shows us how low it can go, and why wall street is headed south. >> reporter: the dow jones plummeted again at the opening bell, dropping more than 1,000 points in the first few minute of trading. >> for me, it felt like the crash of 87. >> the sell off continued last week's tumble on wall street, the dow plunged 530 points friday, its worse session in four years. and the markets worse week since 2011. >> fears of china's economic slow-down are shaking investors, stocks fell across asia monday morning, which china's main index tumbling 8.5%. it biggest one day lost in eight years. >> this is a re-pricing of the global stock market.

jill wagner with the latest from the new york stock exchange. >>> reporter: china's main market plunged for a fourth straight day this morning one day after stocks suffered their biggest tumble in eight years. china's shanghai index lost 8.5% monday. the massive sell-off triggered by fears of an economic slowdown in the country. >> part of the real issue is we don't feel like we know what's going on in china on a good day and this isn't a good day. >> reporter: the turbulence in asia sent financial markets around the world into a tailspin. on monday, the dow plunged more than 1,000 points in the first few minutes of trading. then briefly it rallied back before closing the day down 588 points. the steep decline was the worst for the dow since 2011. but some analysts say instead of being concerned, investors should focus on diversifying. >> if you are approaching retirement and you have 80% of your money in stocks, then your portfolio is upside-down. it should be closer to the other way around. if you are 26, this is a ski bump. it means nothing. keep pouring money into the market. this w

jill wagner has more. good morning, jill. >> the yuan lost 3% since it was devalued on tuesday. the uncertainty, asian markets finished higher. the nikkei gained 1%. stocks on wall street recovered from early losses as they kept tabs on events in china. the dow lost less than a point, the nasdaq finished seven points higher. citizens bank is returning money. the bank failed to credit individuals and business customers with the full amount of their deposits. they were fined. customers were short millions of dollars over a fixed year period starting in 2008. >>> a change for twitter users. you will no longer be confined to 140 characters when sending a private message on the social network. the total character count is now 10,000. the 140 character limit on twitter's main service remains. they wanted to stay competitive with other messaging. >>> the breakfast of champions. wheaties is producing a wheat beer. it's a limited edition of beer. it doesn't actually contain wheaties and is available next month only in minnesota. that could change, if it is a big hit. >> that is not an ex

markets took a hit following a huge drop in chinese stocks and cbs reporter jill wagner is at the new york stock exchange with the latest. >> the dow jones plummeted again at the opening bell. dropping more than 1,000 points in the first few minutes of training. the sell off continues last week's tumble on wall street. the dow plunged 530 points friday. it's worse session in four years. and the markets worst week since 2011. fears of china's economic slow down are shaking investors. stocks fell with china's index tumbling 8.5%. it's biggest one-day loss in eight years. the plunging price of oil, prices fell below $40 a barrel for the first time since 2009. the stock exchange is prepared to halt trading for 15 minutes if the s&p 500 falls 7%. wall street is now in what's called a correction, a fall of 10% or more from the high. corrections are natural in a bull market. and most analysts say this one was long over due. >> long-term i'm still bullish. i still believe in the united states of america first and foremost as an investing opportunity. >> the last correction came four years ago

>> jill wagner at the new york stock exchange. thanks a lot, jill. >>> well, investigators are looking into what went wrong for three firefighters killed by flames in washington state. dozens of dangerous wildfires are burning across the west. oregon governor has invoked an emergency act to devote more resources to fighting the flames. chris martinez is in twisp, washington, where a community is now coping with the tragic loss. >> reporter: there is an aerial assault on a fast moving wildfire in the cascade mountains in washington state. it has destroyed at least 16,000 acres and killed three u.s. forest service firefighters. richard wheeler, andrew zajac and tom bre shelf ski died wednesday. they crashed their car and then wind-drifben flames rolled over them. 20-year-old bre shelf ski died protecting his community. he was supposed to start his junior college next week. >> i wish i could take the day back and not let him go to work. injured. daniel lions has third degree bones over his entire body. of him. he adores the community.

jill wagner's at the new york stock exchange. jill, good morning. >> good morning, anne-marie. the markets appeared to be on a rebound after an abrupt late-day selloff. yesterday's reversal was stunning. yesterday the dow was up by over 441 points but yesterday in the trading hour it was wiped out. the dow plunged. 641 points. the biggest one-day reversal since october 2008. the dow finished the day down nearly 205 pointss closing at an 18-month low. that's the longest moving stretch in more than three years. the s&p fell 25 points and the nasdaq fell 19 points. economists also advised the markets haven't had a correction in four years. the advice for long-term investors is stay where you are and ride out the storm. >> i would definitely stay in the market. don't panic, don't sell whatever you do. >> there was some good news yesterday. yesterday's figures show a boost in home sales and boosting consumer confidence. anne-marie? >> jill wagner at the new york stock exchange. thank you. >>> some of kennedy's e-mails contained sensitive but unclassified information according to the

>> jill wagner at the new york stock exchange. thanks a lot, jill. >> this morning three americans were awarded france's highest honor for disarming a herbally armed man on a passenger train last week. president francois hollande awarded the honors. brian webb reports. >> reporter: three americans who tackled an armed gunman on a high-speed train in belgium last week were reunited last week. alek skarlatos, spencer stone and anthony sadler wiere awarded the honors. they along with two passengers risked their lives to disarm ayoub el khazzani. >> it looked like it was jammed or weren't working and he was trying to charge the weapon and alek hit me on the shoulder and said let's go. >> reporter: skarlatos said they acted mostly out of instinct. >> reporter: cell phone shows the 26-year-old man hog tied on the ground. sadler believes there's a lesson to be learned from the ordeal. >> the gunman would have been successful if my friend spencer had not gotten up in times of like terror like that to please do something, don't just stand b

jill wagner joins us on what itmeans for investors good afternoon. >> reporter: good afternoon, a rough start to the trading day as you said the dow is down 211 points a big improvement from where the stocks started, saying this sell off is all about china the dow jones plummeted dropping 1,000 points at the first few minutes of trading. >> for me it felt like the crash of 87. >> the sell off continues, down dow plunged 530 points friday, worst session in four years and 2011. fears of china's economic slow down are shaking investors, with china's main index tumbling 8.5%. >> this is a repricing of the global stock markets. >> adding is the plunging price of oil, fell $40 a barrel since the first time since 2009. wall street is now in what's called a correction, a fall of 10% or more from its high. corrections are natural in a bowl market, most analysts say this one was long over due. >> long-term i'm still, i believe in the united states of america first and foremost as an investing opportunity. >>> the last correction came four years ago. and analysts say it is less likely the federal

they need to get on it. >> jill wagner at the new york stock exchange. thank you. >>> hundreds are feared dead after a ship passed with migrants cap side off libya. up to 400 people were on board when it set off. libya's coast guard has rescued about 200 people. many of the migrants are from africa and war-torn syria. >>> and european officials are reacting to another migrant tragedy. there was an abandoned truck with decomposing bodies. as many as 70 are thought to have suffocated inside. >>> president obama tours new orleans to see the progress made and the work that still has to be done in the aftermath of hurricane katrina. >>> risings temperatures and increasing winds are fueling the largest wildfire in washington state. miles. 45 homes and almost 50 cabins have been damaged. three firefighters died fighting the fire last week. >>> tomorrow marks ten years since hurricane katrina devastated the gulf coast. it killed more than a thousand homes. president obama went to new orleans to see the recovery. weijian jiang reports. >> reporter: president obam

jill wagner, at the new york stock exhange. >>> two reports on consumer confidence. sales in the u.s. also helped fuel this morning's rally. >>> just moments ago the public service commission rejected pepco's application to merge with exelon. critics say the proposed $6.9 billion merger would have led to rate hikes and other problems. >>> anne arundel county police are investigating a homicide in severn. a woman's body was found inside a home near new disney world this morning. investigators are not saying how the woman died. however, she did suffer some sort of injury. >>> another woman is dead -- [ inaudible ] glen bernie crashed and died. authorities say she was driving westbound on odenton when she lost control, rolled her car and struck a telephone pole. she died at the scene. police do not believe speed or alcohol was the cause of the crash. >>> right now montgomery county police are looking for vandals who targeted cars in north potomac. this morning several owners walked to their cars only to find that their tires had been slashed and some of their windows sh

jill wagner, cbs news at the new york stock exchange. >>> two positive reports on consumer confidence in sales of new homes in the u.s. also helped fuel the rally this morning. >>> a motorcycle officer is recovering after a collision with a car in san francisco's tenderloin neighborhood. it happened around 7:30 this morning near the intersection of leavenworth street and golden gate avenue. the impact knocked off part of the car's front grill as you can see. you can also see the motorcycle leaning on its side. the officer was taken to the hospital but is expected to be okay. no word on what caused that crash. >>> in san francisco, police say just minutes before the officer crashed, police responded to an accident involving a porsche and pedestrian that attracted and angry crowd that surrounded the car. police say the driver hit the victim at 6th and stevenson around 7:30 a.m. the pedestrian's injuries are life-threatening. >>> the man accused of killing a woman on san francisco's pier 14 was back in court this morning. juan sanchez says the shooting was an accident. during the hearing

jill wagner is at the snorksnew york stock change with that and more than. >> reporter: alphabet will operate as a parent overseeing a number of small companies, including google. google says the new structure will provide more structure for its other businesses. there is also a new alphabet web soibt abcxyz. in the restructuring, taking over the ceo of google he has been the vice president but the most visible google executive lately and the successor to larry page, google's founder. >>> greece reached an agreement with a new bailout after marathon talks and international creditors and greek official created a new deal to keep the country in the euro zone and avoid bankruptcy. it is expected to be approved wednesday or thursday. >>> china devalid its currency this morning, causing its biggest one-day loss in a decade. the move came amid the latest release of data which showed weakening trade in china. asian stocks finished lower and tokyo's nikkei lost half a percent and the shanghai composite was unchanged. >>> on wall street, the dow moved off its longest losing streak in four year

jill wagner at the new york stock exchange. anks a lot, jill. >>> well, the hackers who stole information from the ashley madison website say they exposed millions of unfaithful partners. a statement from the hackers says that the website refused to close down, so now everyone gets to see their data. wyatt andrews reports. >> reporter: some of the names and e-mails are fictitious, but still millions of marriages could be in peril as spouses learn what that late night shopping has really been about. >> they weren't counting on a hacker to obtain that data. >> reporter: kim zetter who writes for "wired" magazine reports another problem. around 15,000 of the e-mails traced to u.s. government accounts including state department and justice department and to top secret defense contractors including raytheon. >> if those are legitimate, if this activity can be directly matched with real people in government and people who might hold sensitive positions in government office, that creates the potential for blackmail. >> some want to tal

jill wagner is at the new york stock exchange with that and much more. good morning, jill. >> good morning, alison. >> reporter: the irs will start mailing letters to an additional 220,000 taxpayers who may have been targeted in a much larger computer breach. the internal revenue service says that cyberthieves stole information from an agency website to try to claim fraudulent tax refunds. the breach was first revealed in may but the potential of those affected has doubled to 343,000. >>> asian markets finished much lower and the nikkei lost a quarter percent. hong kong's hang seng lost nearly 1%. >>> in wall street, investors are watching new housing starts in july. the dow gained 68 points monday. the s&p was up nearly 11. the nasdaq rose 43. >>> college football players at northwestern university cannot form a union. the athletes say they are treated like employees who are paid with scholarships instead of cash. the national labor relations board has unanimously overruled an earlier decision that the players could unionize. >> that is the issue the nlr

>>> thank you, jill wagner at the new york stock changes. >>> straight ahead. dining in space.onauts sample the first veggies grown on board the international space station. >>> and flight risk. many air traffic controllers are too tired to do their job. oh! dan n. oikos, tasty and healthy. and if i don't love it, it's free? could be the perfect snack! dannon oikos greek nonfat yogurt is creamy and delicious and has 12g of protein and 0 fat. i think i found the perfect snack! seriously, you'll love snacking on dannon oikos or it's free! ♪ dannon on dannon oikos or it's free! will you be a sound sleeper, or a mouth breather. a mouth breather! well, put on a breathe right strip and shut your mouth. allergy medicines open your nose over time, but add a breathe right strip and pow! it instantly opens your nose up to 38% more. so you can breathe and sleep. add breathe right to your allergy medicine. shut your mouth and sleep right. breathe right and look for the calming scent of breathe right lavender in the sleep aisle. >>> here's a look at today's forecast in some cities around th

jill wagner, cbs-3, "eyewitness news". >>> wow. tell you, my biggest problem with that would be trying to balance my purse, and the extra bags that i carry, and my coffee, and then trying to go fast. >> a dude in a seat with a messenger bag, whole different story than the ladies? you and i shopping with the bags and the stuff? >> and high heels on top of that. >> forget it. >> won't work but looks cool. >> more after this. >> coming up later today on "eyewitness news" at 5:00 oil prices are lunging but we aren't enjoying the benefit at the gas pump. we'll let you know why gas prices aren't falling as dramatically heading into labor day weekends, also when the price also start to drop, as well. >>> well, the uniforms are pressed and the book bags are packed, that can only mean one thing. >> oh, back to school for local students. "eyewitness news" was therefore the first day of class at our lady of port richmond regional catholic school. excited student and parents were greeted by school administrators, as they head in the bright and

correspondent jill wagner shows us how low it can go, and why wall street is headed south. >> reporter: the dow jones plummeted again at the opening bell, dropping more than 1,000 points in the first few minute of trading. >> for me, it felt like the crash of 87. >> the sell off continued last week's tumble on wall street, the dow plunged 530 points friday, its worse session in four years. and the markets worse week since 2011. >> fears of china's economic slow-down are shaking investors, stocks fell across asia monday morning, which china's main index tumbling 8.5%. it biggest one day lost in eight years. >> this is a re-pricing of the global stock market. >> adding to the slide is the plunging price of oil. prices fell below $40 a barrel, for the first time since 2009. the stock exchange is prepared to halt trading, for 15 minute, to if the sp and 500 falls 7%. >> wall street is now in what's called a correction, fall of 10% or more, from its high. corrections are natural in a bull market. most analysts say this one was long overdue. >> long-term i'm still bullish. i still believe in

jill wagner, cbs news, new york. >>> today multiple explosions and a large fire ripped through a u.s. army depo. it happened just before dawn 25 miles northwest of tokyo. the building that blew up was storing compressed gases. half of the roof collapsed. there are no reports of injuries. hundreds of japanese and american troops and civilians work at that depo. >>> a fast moving wild fire near big bear in southern california is forcing hundreds of people to evacuate their homes. the summit fire broke out yesterday afternoon near snow summit ski resort. so far, 100 acres have burned. there are mandatory evacuations in place. the fire is 30% contained. and firefighters are making progress in the battle against the peterson fire, which will be news to you, but it's a new fire that broke out near kelseyville in lake county. the flames are 30% contained. fire started saturday night. 215-acres have burned. the latest in a series of wild fires to hit lake county. >>> one year ago today, a 6.0 earthquake jolted napa. the quake was felt all over the bay area. it caused more than $300 million in

jill wagner is at the new york stock exchange with the latest. >> reporter: asian stocks continued to plunge this morning, signal global economic trouble. the selloff follows last week's tumble on wall street. >> these people would need positive news from china, some kind of policy response. >> allowing banks to invest in stocks have done little about the world's secondest biggest economy. apple and wal-mart who counted on chinese demand to grow. investor it is shouldn't be too concerned. >> they usually occur every year. we've been long overdue, more than four years since the last correction. one up side to the down market, analysts say now less likely the u.s. central bank will raise interest rates next month. jill wagner, cbs news, new york. >>> today, two south bay officials will air their concerns about oil trains, supervisor are behind a resolution. the board will vote on today. chavez and yager are speaking today against a project that would allow up to five oil trains a week. the trains would travel san jose, and gilroy, on their way to a refinery. >> the san francisco archdio

jill wagner's at the new york stock exchange with that and more. good morning, jill. >> reporter: good morning. the chinese currency hit a four-year low this morning. yesterday's surprising devaluation of the yuan followed a run of poor economic data. today chinese central bank officials assured financial markets it was not beginning a steady depreciation. a cheaper yuan will help chinese exports by making them less expensive overseas. u.s. lawmakers say that gives china an unfair export advantage. >>> the price of oil fell to a six-year low yesterday on news that opec was increasing production. and the price of stocks on wall street declined as well. the dow lost 212 points. the s&p finished down 20. the nasdaq lost 65 points. >>> the securities and exchange commission filed criminal charges against nine men accused in a $100 million wall street hacking scheme. they're accused of hacking into business news wires which release public earnings announcements. in one instance, they used inside information about panera to make $1 million in one day. it

financial correspondent jill wagner has the latest for us from the new york torque stock exchange. >>> china main market plunged for fourth straight day this morning. one day after stocks suffered their biggest tumble in eight years. china's shanghai index lost 8.5% monday, the massive sell off triggered by fears after economic slow down in the country. >> part of the real issue here, we don't generally feel like we know exactly what's going on in china on a good day, this isn't a good day. >>> the turbulence in asia has sent financial markets around the world into a tailspin, on monday the dow plunged more than a thousand points in the first few minutes of trading. then, briefly rallied back before closing the day down 588 points. the steep decline was the worse for the dow, since 2011. but some analysts say instead of being concerned, investors, should focus on diversifying. >> if urea approaching retirement, you have 80% of your monday any stocks, then your portfolio is upside down t should be closer to the other way around f you're 26, this is speed bump. it means absolutely nothi

. >>> now you cannon line shop in the store, i'm jill wagner in new york coming up i'll tell you how technology is changing the shopping experience. >>> and it could be a good day for indoor shopping, watching some stormy weather. >> absolutely not the the worst idea. we are tracking a very large storm system cold front crossing through ape it looks like heavy rain. i'll tell you when heaviest is expect all coming up, stick around. >>> some shoppers like to go on line, others prefer to go to the store, but now, new technology is allowing to you do both, at the same time. cbs news correspondent jill wagner takes us shopping. >> and it is about to get reason, and without stepping foot in the store. >> and, the code, scan it. >> reporter: steven savage is with a company that lets customers buy products they see on display, directly from their smart phone. >> if a customer walks in this window after hours they can technically buy this dress. >> absolutely. >> reporter: the colors, size and price pop up. >> we make it as simple as see it, leak it, buy it report rorrer inside the store app

i'm jill wagner in new york. coming up i'll tell you how technology is (plays throughout) ♪ sometimes, at last doesn't happen at first. ♪ ♪ your dad just kissed my mom. ♪ turning two worlds into one takes love. ♪ helping protect that world takes state farm. >>> as you know, you can shop online or in a store, but now new technology is allowing shoppers to do both at the same time. jill wagner explains. >> reporter: window shopping is about to get more interesting. now you can buy this nicole miller dress without stepping foot in the store. >> scan this code. >> reporter: stephen spach age is with -- saith age is with power tag. if a customer walks up to this window after hours, they could still technically buy this dress? >> absolutely. >> reporter: when you scan the code, the color, sizes and price pop up. >> we make it as simple as see it, like it, buy it. >> reporter: inside the store the app recognizes the sound the coming from the speakers and can pull up special deals. powatag isn't the only company using te

jill wagner, cbs news, new york. >> i love that. got to get one. >> all right.e companies sell the as self-balancing unicycles. others call them self-balancing scooters. you just want one. >>> turning to prince george's county right now where there is a power struggle over power. at issue is the number of power plants in the southern part of the county. a fourth plant is under construction and a proposal for a fifth is under review. some environmentalists think residents are getting dumped on. however, union members, other business owners and some residents welcome the new plant. they say the plant will generate millions in tax revenue, limit the need to import from out of state. so far the public service commission has agreed to delay the approval process for the latest plant to allow some more time for public comments. >>> there are increasing calls to improve safety at major league ballparks. it's all the result of another death at turner field in atlanta. a fan died saturday night after falling 40 feet from the upper deck. this is the second fatality at the

jill wagner for cbs news, new york. >>> now that technology is only available, in a handful of storesight new but company officials say that it will expand to more stores, later this year. >>> the buzz is building for steven colbert as he gets ready to make his debut the late show next month. colbert is on the cover of the current issue of gq magazine and he talks about preparing to take over for david letterman. he insists he has retired the conservative character who made him a household name, you will want to find out, just tune in, you can see him right here on cbs-3, the day buy of the late show with steven colbert happens three weeks from tonight right here on cbs-3. >>> a seven year-old boy, may be the world's most adorable, tv correspondent. >> we love it. fabulous. having a great time. >> unbelievable, a sheep, yes. >> animals can be tricky on tv. matt was featured as a guest reporter for australia's channel seven. he reported on the annual agricultural show in queensland. the as you can see he was very poised, professional, and he talk to attendees, workers and farm animals.

jill wagner of the new york stock exchange has more. >>> reporter: china's main market plunged for a fourth straight day this morning one day after stocks suffered their biggest tumble in eight years. the massive sell-off triggered by fears of an economic slowdown in the country. >> part of the real issue here is we don't generally feel like we know exactly what's going on in china on a good day. and this isn't a good day. [ bell ] >> reporter: on monday, the dow plunged more than 1,000 points in the first few minutes of trading. then briefly it rallied back before closing the day down 588 points. some analysts say instead of being concerned, investors should focus on diversifying. >> if you are approaching retirement and you have 80% of your money in stocks, then your portfolio is upside-down. it should be the other way around. if you are 26, this is a speed bump. >> reporter: to help stabilize the global markets the obama administration has called on china to move toward a more market-determined exchange rate. jill wagner, cbs news, at the new york stock exchange. >>> today the san

jill wagner explains how shopping just got a little bit easier. a look. >> reporter: window shopping is about to get more interested. now you can buy this nicole miller dress, without stepping foot in the store. >> scan the the code. >> reporter: steven savage is with a company that lets customers buy products they see on display directly from their smart phone. >> if a customer walks up to this window after hours they can still technically buy this dress. >> absolutely. >> reporter: when you scan the code, colors, sizes pop up. >> we make it as simple as see it, like it, buy it. >> reporter: inside the store app recognizes sound from the speakers and can pull up special deals. and it isn't the only company using technology, to revolutionize the shopping experience. >> if i picked up this charcoal soap here against the the the price. >> reporter: this man founded perch which makes traditional product displays interactive. >> they pick up a product and they get information about that product. >> reporter: is there this high tech mirror at neiman ma

jill wagner cbs news new york. >> the last time the feds raised interest rates was back in 2006. federal reserve officials are expected to meet later this week for their annual retreat in jackson wyoming. >>> the state of hundreds of trees along san francisco's vanes avenue, nearly 200 existing trees could be removed but 400 trees will be planted in their place. that project will cost a million and a half dollars. >>> today b.a.r.t. starts a complete makeover of all 127 elevators after years of complaints about breakdowns and foul smells. the old flooring tends to absorb liquids and odors. you can imagine how it smells. the new flooring is made of high quality aluminum that can be sealed. the first replacement project starts today at the pleasant hill b.a.r.t. parking garage. >>> san francisco archdiocese reached a deal with its high school teachers on a new contract following disputes about morality clauses. last week teachers ratified a three year contract providing raises of 2% a year. the contract does not include any specific morality clauses. it does contain assurances of j

jill wagner, cbsmoneywatch.com. guys are ganging up on me. >>> the oakland a as hongered scott lunger. a jersey with his badge number hung in the team's dugout. three family members threw out the first pitch. ricky henderson was there. his favorite player. lunger was killed in hayward last month? football player and broadcaster frank gifford passed away. he starred for the new york giants in the '50s and '60s and was unticketed into the pro football hall of fame. you may recall his broadcasting work that included monday night football as well as the olympic coverage. he suddenly died yesterday of natural causes at his connecticut home. he is survived by wife kathie lee gifford, five children. frank gifford was 84. >>> time now is 5:41. a store survival. a man was alive after his car flew off a cliff. >>> and a look at 880. 101 sub in the south bay not so much. guiana has you covered traffic wise. wise. and roberta can't wait to tell , notice how this breakfast burrito starts with the basic tortilla, but then inside.

jill wagner, cbs news, new york. >> i can see frank doing that. some companies saw them as self- balancing unicycles. >> arm pads, knee pads, all that good stuff. >>> wells are drying out in california at an alarming rate. it's especially bad in the central valley. more than 1200 wells have gone bone dry. statewide total is now about 2200 dry wells. >>> let's check in with rhoda. >> we cooled 20 degrees on saturday compared to friday, we're just talking about -- one of my favorite creeks in pleasanton is all dried up. let's take a look at the weather watchers. everyone is reporting extremely dry conditions. dana writes it's hot in the shade in nevada at this hour. and we have katie -- 82 degrees. and there you are, and she says full on sunshine at this hour. this is our live weather camera and the coast is clear. we had a faint -- low clouds drifting next to the seashore for a couple of hours. san francisco surpasses the forecast high of 71 degrees. so i'm bumping it up to 74 now. the numbers are pretty much negative. you have that finger of fog a

. >>> jill wagner at the new york stock exchange. thank you, jill. >>> straight ahead, the pga. jason day wins the championship in record fashion beating a mark set by tiger woods. we'll hear from jay. taste bud loving, deliciously fruity, grab-and-go, take on the world with 100 calories, snack. yoplait greek 100. there are hundreds of reasons to snack on it. yoso why treat yourf mouth any differently. brushing alone does less than half the job, leaving behind millions of germs. complete the job with listerine®. kill up to 99 percent of germs. and prevent plaque, early gum disease and bad breath. complete the job with listerine®. power to your mouth™! also try listerine® pocket packs to kill bad breath germs on the go. quilted northern works their bathroom experience. just like they forgot conductor randy, who sees all and forgets nothing. at least he's not constable bob. >>> here's a look at today's forecast in some cities around the country. >>> in sports jason day won the pga championship with a record-breaking performance. day shot a final round 5 under par 67, finishing the

jill wagner of cbsmoneywatch.com joins us now. eporter: good morning, frank and maria. global markets are rattled after china's surprise decision to de value its currency. it makes chinese products less expensive overseas but it gives china an unfair advantage. stocks for companies that sell products in china like apple and general motors took a hit. really dragged down the markets yesterday. the dow fell 212 points. the nasdaq down 65. >>> ford is bringing manufacturing jobs back to the united states. the automaker shifting production of its 2016 trucks from mexico to ohio. it le create more than 1,000 jobs tore two types of trucks. >>> rite aid shunned apple pay as part of a group developing a rival pay system. but now rite aid says it will accept apple pay this month and android pay when it becomes available. >> jill, we like to talk about food here in the morning. people are grabbing their breakfast right now and we hear there's a new sweet treat on the market. >> reporter: that's right. now you can get your girl scout cookie f

. >> here's jill wagner, cbs money watch.com, good morning. >> reporter: good morning, improving housingts, home depot a boost, says its sales up nearly 6% in the last quarter, yesterday the national association of home builders said optimism amongst builders at its highest level in nearly a decade, yesterday the dow finished 68 points higher, the nasdaq rose 43, petco has filed papers to go public, naming for a market value of about 4 $4 billion, this comes as american s have within spending -- opinion been spending more money on their dog dogs and cats even through lt latest recession, people love their pets. >> we love our pets and we love our fruit and a restaurant in new jersey trying out a rather unique pricing plan, tell us about that. >> reporter: yeah, this restaurant will let customers pay whatever they want, the new york times says there are no prices opt menu, the restaurant is called blue, when it's time for the check, the server asks how much the diners want to pay, some have rortded -- reported by will not generous, writing thank you notes, but not some not so much. >> i t

jill wagner it he is new york stock exchange. good morning, jill. >> good morning. we could be in for another wild ermined exchange rate. the issue is expected to be raised when china's president visits the white house next month. most analysts say it's now less likely the federal reserve will raise interest rates in september. >> thank you, jill. >>> the three americans who subdued a gunman on a paris-bound train are getting used to life as international heroes. airman first class spencer stone is being treated in a military hospital in germany. he is being nominated for the prestigious airman's medal. national guardsman alek skarlatos is staying with spencer and yesterday anthony sadler took in a movie. >> two days ago we were just on a train and two days later, all this is happening. it's pretty crazy. >> sadler returns to the u.s. today. a parade is being planned for all three men and the gunman is expected to be formally charged today. >>> there are increasing signs vice president joe biden is seriously considering a presidential run. a source tells cnn, presid

jill wagner of cbsmoneywatch.com reports. is live and in living color in the big apple. [ laughter ] >> reporter: good morning, frank and maria. the markets rallied to started the week. dow up 241 yesterday. the nasdaq jumped 58 points. >>> china devalued its currency this morning causing its biggest one day loss in two decades. it comes as china's stock markets have plunged, trade is slowing down and other efforts to boost the chinese economy have been ineffective. >>> ikea will only sell l.e.d. light bulbs starting in september. consumers are concerned about climate change and household bills. they have worked with manufactures to bring down the cost so two packs will cost $4.50. >> thank you. we hear diet pepsi has a new recipe. >> reporter: diet pepsi without aspartame will be hitting store shelves this week. pepsico says it removed that sweetener in response to customer feedback. so from here on in, diet pepsi will be sweetened with other artificial sweeteners like splenda. still not clear though if the revamped drink wi

jill wagner of cbsmoneywatch.com joins us now. >> reporter: good morning, brian and maria. we'll see if the markets can make it three days in a row combined with wednesday's gains, the dow now recouping half of its losses following a six-day sell-off. it was up 369 yesterday. it looks like a lower open today. >>> some big savings for students thanks to technology. campus at the university of maryland is doing away with textbooks and letting students use online resources instead. it's expected to save students thousands of dollars. >>> and gap is no longer requiring workers to remain on call for short notice shifts. this follows an inquiry from new york's attorney general. gap says it's trying to improve scheduling stability for workers. the decision does apply to gap's other brands as well including old navy and banana republic. >> jill, this is exciting. we hear macy's is taking a page from -- i'm excited at least -- from tj maxx and other discount stores. what can you tell us? >> reporter: i'm with you. i'm excited. macy's is op

. >> let's chat about that and more with jill wagner of cbsmoneywatch.com live in new york. further depreciation. wall street stocks rebounded wednesday after plunging earlier in the day. the çódow was flat. the nasdaq gained 7. >>> twitter has xdupped the character count for private xd messages from 140 to 10,000. analysts say twitter made that change to stay competitive with other messaging services. tweets though are still limited to 140 characters. >>> meanwhile, twitter is seeing some cbig success from periscope the video streaming site it bougq&hthis year. periscope has only xdbeen runni for q4 months and already has 1 million registered users. periscope fáfáalso csays users watching about 40 year's worth of video every day. >> that is quite a lot. >> frank and fámaria? >> that's a ton. okay. wheaties known as the breakfast of champions although they are d about to make a drink, not sure you want this for breakfast but maybe some xdwould. who knows. >> reporter: yeah. who knows. wheaties teaming up with craft brewery in minnesota çóto produx a wheclabeer. it's a limite

jill wagner at the new york stock exchange, thank you, jill. >>> for the first time in u.s. history, two women made it through the rigorous army ranger training and graduate on friday. they learned to overcome fatigue and hunger and distress. hena daniels is here in new york. good morning. >> reporter: good morning. the u.s. military began the process to open thousands of pfront line combat jobs to women about two years ago. service branches have been developing gender neutral requirements for all jobs in the military and are currently evaluating whether any positions should remain closed to women. after 62 days of grueling training, two women are now on their way to graduating alongside 94 men from the army's elite ranger school. the pair were among 19 females who tonight in the first-ever coed training session in the school's history. training that includes a notoriously tough course. >> carrying the saks which is pretty heavy. running missions. learning how to do patrolling and different types of environment. none of that is dated by the fact the students probably average

jill wagner it he is new york stock exchange. good morning, jill. >> good morning. we could be in for another wild ride on wall street today and investors say this is mostly about china. >> reporter: china's main market plunged again this morning. one day after stocks suffered their biggest tumble in eight years. the massive sell-off triggered by fears of an economic slowdown in the country. >> part of the real issue is we don't generally feel like we know what is going on in china on a good day and this isn't a good day. >> reporter: the turbulence in asia sent markets around the world in a tail spin. on monday the dow plunged more than a thousand points in the first few minutes of trading and briefly rallied back. analysts say instead of being concerned, investors should focus on diversifying. >> if you're focusing on retirement your portfolio is upside down. if you're young, keep pouring money into the market. this will work its way out in the end. >> reporter: the obama administration has called on china to move toward a more market determined exchange rate. the

jill wagner is at the new york stock exchange with that and more. od morning, jill. >> good morning, anne-marie. the minutes of the feds' july meeting shows officials want to increase rates at a september meeting but they have provided no clear sign. >>> here on wall street the stocks dip. they'll be watching for reports on existing home sales for july and last week's employment numbers. the dow lost 162 points wednesday. the s&p fell 17 points. the nasdaq was down 40 points. stocks in asia reacted. tok tokyo's nikkei lost 1%. hong kong's hang seng lost half a percent. >>> the san francisco district attorney said wednesday the background checks failed to uncover criminal records of 25 california dribers. they included several registered sex offenders and a convicted murderer. >>> working longer hours could raise your risk of a stroke. researchers report that people who work 55 hours or more per week have a 33% greater risk of stroke. they also have a 13% greater risk of coronary heart disease than those with standard hours. california is placed the b