this is the scene there live in waltham abbey. a huge fire ablaze as the firefighters are trying to tackle that. that in essex some half an hour away from the east side of london, if you are heading that way. the sansebury distribution point, it is called waltham point, employs some 750 people there. so that, the scene of activity in terms of the situation unfolding with firefighters trying to keep that under control there. it's been replicated in other areas of the capital where the fires are reported in the west, and still again in the south where will grant was speaking to us some moments ago. but also, other part of the u.k. also experiencing disturbances as we speak. we will keep you updated with that. we've got a correspondent in birmingham we want to speak to in the next five minutes or so. but i believe we can cross live to ealing and speak to a freelance cameraman. john firington, who is in the area. now taking refuge in a local restaurant. tell us what you're seeing at the moment. >> i came out to the ealing station arou

we'll take a look. >>> a check of the headlines now and a fire overnight in the british town of walthams fire ripped through the london area for the third night. looting and skirmishes between police and young people were reported in eight london neighborhoods and in liverpool, bristol and birmingham. the prime minister, david cameron, returned home from a vacation in italy. and holds an emergency meeting on the crisis today. >>> about 6 1/2 hours now until a new trading day opens on wall street. the dow jones industrial average lost a staggering 634 points monday. world markets are struggling with last week's u.s. debt downgrade and the fears of financial instability in europe. >>> asian stocks have recouped some of their losses after a miserable start to the trading day. japan's nikkei, hong kong's hang seng, shanghai's composite and seoul's kospi plummeted early. >>> find out more about these and other top stories at cnn.com. >>> time for a check of the global weather forecast once again and severe storms and heavy rain in the forecast for parts of europe. meteorologist jennifer delg

as a matter of fact, when the storm develops an eye you get the corresponding eye waltham. 's the meat and potatoes of the storm system where the damage is done. on the northern eastern flank of the storm system even though it's going to be going just off to the east of nassau as well as freeport, we're still going to have a lot of rain and problem with the wind in this area as we're probably ramping up the storm system, probably getting category 4 over the next 24 hours. so we're expecting 131 to 155 miles per hour. that's ridiculous, jeff. >> jeff: so you have quite a wide swath of the east coast of the u.s. what's the level of certainty or what are the factors when you look at where it might make landfall and hit the hardest. >> the bermuda high pressure is pretty strong this time of the year and given the clockwise flow around that it's going to take it to the northwest tonight there are a couple cold fronts moving through the midwest right now. that's one aspect with the severe weather over michigan and indiana but also over kind of the northwest in through british col