overseas markets. the shanghai composite dropped 6% to a 14-month low. tokyo's nikkei lost more than 2%. >>> stocks here on wall street fell as the price of oil slumped again. the dow lost 208 points. the s&p finished 29 points lower. the nasdaq gave up 72 points. >>> iran says it's in talks with airbus to buy dozens of new commercial aircraft. "the financial times" reports iran plans to buy more than 100 airbus jets. it would be one of the first big economic moves by the country now that trade sanctions have been lifted as part of a deal to curb its nuclear program. the sanctions left iran with an ageing and unsafe commercial fleet. >>> all-day breakfast turned out to be the most important meal of the day for mcdonald's. the hamburger giant reported a 5.7% jump in u.s. sales last quarter. that's its best results in four years. all-day breakfast, it was introduced in october and was the main reason. >>> hilton is launching a new hotel chain aimed at budget travelers. it's aimed at younger guests that are looking to spend about $75 to $90 a night. designed to compete with chains like co

bleak friday, the shanghai composite is entering a bear market. the stocks closed 3 and percent off today. and the asians stocks are hitting a 3 1/2 year low with these kind, and the collapse in oil prices is not helping. u.s. retail sales will be out today, which means quite a bit >>> also new this morning, three men are under arrest for suspicion of links to the ji card attacks. >>> and police say the suicide bombers were founded by isis. until now the group in indonesia were known to have symthighsers but no active cells capable of carrying out an attack. >>> developing this morning, the fbbi says that there's no evidence that the man who attacked a philadelphia police officer is part of a an organized cell. and he believes there's no plans for another attack in the city. agent are still trying to figure out why edward yag enconfessed to shooting the officer, and why he pledged his allegiance to islamic state group. >>> illnesses, is worrying vets and pet owners. it's a different strain of flu. while the dogs are having a coughing time fighting it off, but they can give it to a h

factory in shanghai, and it was stylized, ritualized, and perplexing leaving me wondering what to make of this place. >> next week i am going to israel and palestine to do a story.a story. when i arrive at the hotel by phone starts ringing. not that i am a lower, but this is the style. it is a democracy with all kinds of problems. palestinians have all kinds of things to say, but it is very easy. if you cannot find a story there you should go do something else. >> you are on a work brigade. in other words you are not there to write about politics. you are there to do what? how are you beginning to see a story? invented itself as what he wanted you to see and what the stagecraft was all about. >> and when you look back, a giant literature that you no doubt avail yourself of the chinese writers and western writers, what did you get right, what was off? >> one thing i have to say, being there while mao was still alive in the cultural revolution was still going, there was not a single scintilla of evidence. so you look at it and can't see fracture points. you can see the contradictions. an

from beijing and shanghai are hongkong lower as in the case american institutions write down the street bellamy introduce the panelist to my immediate right she blocks frequently about current events on the yorker.com to publish prize-winning books on the homeless and. as was weirdly but second to maya last his then age for. and then with the 2013 and i wisely stole him through the first piece in china was about a gold medalist in boxing from neoconservatism why young men and women studied english. and the triad that try to extract money from him in the ways you can predict. and earlier this year the president of china and acidly remarkable feat of reporting when you don't have access to the subject. it was the age of ambition basically winning every award. >> that was not to do. [laughter] >> first living there with the peace corps to teach at a teachers' college with a small city in the southwest and that became the subject of astonishing but called river town. and then started writing to "the new yorker" with a trilogy of books and publishing a collection of pieces like nepal

in more than four months. the shanghai composite rose 1%. hong kong hang sang rose 3%. here on wall street stocks gained back some of their losses from the day before. the dow jones gained 116 points. the nasdaq barely budged. >>> a recall of more than 71,000 infant car seats. the carrying handles on the seats made by britax child safety can break. october 2014 to july 2015. at least one infant has been injured. >>> getting your hot sauce fix on the go will be a lot easier. "time" magazine reports enjoying sriracha on your food on the go will be much easier. packets are being sold at srirachatogo.com. 50 packs sell for 15 bucks. 200 packs go for $35. the company expects to have them at fast food chains and stadiums and campuses. >>> starting today, you can go online to buy a luxury apple watch crafted by a french designer. the handmade leather apple watches start at $1,100 and the most expensive will set you back $1,500. the collection comes with stainless steel case and custom watch faces and in a variety of colors. >> it's basically the same watch but it's wearing better clothes e

shanghai? was it different than any other -- >> it's different. it's a little bit different. they're great. they're super -- actually, it was really interesting with shanghai versus chengdu. was actually really different. >> seth: i noticed that, yep. >> i went to chengdu, china. i never in a million years -- >> seth: did you do a premier in both? >> yeah, we did, in chengdu they did this amazing display at a mall. >> seth: okay. mascots came out and they built this whole sort of "kung-fu panda" set. it was wild. i mean it was out there. they don't do that kind of stuff in the states. >> seth: no. >> no. it was pretty -- you know, all these people came. and they have all these emcees. i don't understand a single word they're saying. and then you have a translator behind you who is translating. so you're sort of like leaning back and you can't really hear the translator. >> seth: what are they translating? the panda show or are they translating something else? >> like everything that is going on. >> seth: oh god, this person says they love you. this person is asking her friend who you

another day of steep losses after the latest round of disappointing economic data from china. shanghai dropped 3.5% and hang seng lost 1%. stocks on wall street rebounded month thanks in mart to a small rebound in crude oil prices. the dow rose 227 points, the s&p gained 31, the nasdaq added nearly 89 points. >>> goldman sachs agreed to pay $5 billion to settle claims stemming from a sail of mortgage-backed securities. the settlement with the justice department and state regulators concerned securities sold in the years leading up to the housing bubble and subsequent financial crisis. goldman is one of the last banks to settle with regulators. >>> jetblue's website is back up-to-speed this morning. online check-ins and booking services disrupted yesterday due to a computer glitch at a verizon data center. it affected the major hubs including new york, los angeles and boston and dozens of flights were delayed. >>> there is a temporary price drop at amazon prime. amazon is shopping the price of its prime shipping and entertainment service from 99 to 73. the offer is good this weekend. tw

shanghai and the united states. yesterday's laggards turned into today's leaders. joe: the shanghai market got absolutely destroyed last night, falling 6.3% with a big plunge late in the day. but it does seem like that first week of the year is china, chi na, china, and since then it does feel like a decoupling is happening, not that the u.s. markets are doing that great, but at least today -- alix: i'm raising the flag. we are looking at oversold bounce. some of the top performers on the s&p today are those energy names that got killed, like williams, the pipeline operator, and southwests, in particular as well as range resources, those two have serious short positions on the market. nothing fundamentally changed, williams cut their budgets. by the end of the day, shortcoming rally, i'm calling it. scarlet: theris a positive correlation with oil. you have been tracking oil prices every day this year. is it finally putting in a bottom? alix: i'm not big on that call. i'm not going to be on record calling the bottom on oil prices. and thatup today to, is very interesting because when

they're writing from beijing, shanghai, hong kong or chinese american institutions right down the treat, to begin with. i'm sure she'll be writing some day more frequently from china. let me introduce our panelists top jiayang fan moved to the united states at the age of eight. she blogs frequently about current events on new yorker.com about china. she quote has yet to publish any prize-winning books on her homeland unlike her come patriots up and down the table. she's produced a terrific piece on a bank in chinatown that was weirdly the one bank that was prosecuted in the financial kwa tas trophy. we're doing this slightly in age. evan oshos lived in beijing from 2005 to 2013. he was a staff writer fer the chicago tribune and i stole him in 2008. his first piece in china for us was about an gold medalist in boxing. for years he's written about a barber who beat the house and the cow and the triad gangs that tried to extract the money from him in all of the ways you can predict, as well as profiles of influential people. and earlier this year the president of china, an absolutely

. when? >> just like a day ago, yeah. >> jimmy: and where were you? >> i went to shanghai, china. >> jimmy: wow. >> did a premiere. kung fu panda there. korea. did a little kung fu panda premiere there. then zipped back. zip, zip. >> jimmy: do they know you from the voice of this character? >> well, it's a cartoon. >> jimmy: yeah. >> and they have like asian actors doing the voice. so no. there's like -- [ laughter ] >> jimmy: not at all. go. but i think it helps promote the film when they know that there's >> jimmy: i see. >> behind the thing. [ laughter ] no matter what you do. >> jimmy: so it's not your voice at all on the -- >> no. but it's important that i do the red carpet there. to high five the asian actor, you know, passing the torch. [ laughter ] >> jimmy: oh, you meet the person who does the same part you that do. >> i do. and i like to do a high five with interlocking clasp for more intimacy. >> jimmy: i see. >> to bring our nations together. and let them take it away from there. >> jimmy: and then will you go see the screening in chinese? do you go into the theater a

. the shanghai composite plunging 6%, other asian markets closing down, all of this despite oil prices climbing back up. patricia sobga is here to help us sort it all out. the markets are up, the markets of down. >> there is volatility because there is uncertainty. all eyes are focused on the federal reserve policy meeting that kicks off today. really investors going to be looking closely to see what language the fed uses with rewards to the weakness each seen in china and basically also the extreme weakness in oil prices. >> the dow over the last few weeks since the first of the year, what goes up can also come down in the same day of trading. even if they are ticking up now, that doesn't mean anything for the close. >> exactly. we've seen a lot of bouncing around, but what we have seen is definitely a bias to looking at the glass half empty as opposed to the glass half full. some blame the federal reserve raising interest rates in december. what it made that move, it lifted interest rates for the first time in a decade and also signaled that mr. were possibly four more interest rate

, post-rebounded on a positive growth from china. the shanghai composite jumped 3%. tokyo's nikkei added half a percent hong kong's hang seng trading resumes on wall street >>> trade irr joes has salmonella it affects cash sunday night one stakes was selling gas for $47 cents a gallon. police had to direct traffic. other stations in the area also broke the dollar barrier. the morning, prices are back up to about $1.40 a gallon. according to aaa the national is $1.89 a gallon. >>> at the box office this holiday weekend, there was a greater force than "star wars". the comedy sequel ended the long ticket reign of "star wars," "the force awakens." the "revenant" came in second. . >> i was actually going to see two along this weekend. then i fell asleep. which is pretty much how one of my week stories ends with something, something, then i fell asleep. it's about time someone else noblgd them out of the top spot. >> really, you liked it that much? >> i did, i loved it. >> i'm going to have to. i fell asleechl thanks a lot, hannah. >>> coming up on "cbs this morning," a first look at the

-rebounded on a positive growth from china. the shanghai composite jumped 3%. tokyo's nikkei added half a percent hong kong's hang seng rose more than 1.5%. trading resumes on wall street following martin luther king's holiday. investors will be watching from china. >>> trade irr joes has salmonella concerns. it affects cash ew pieces. they were distributed in 30 states and washington, d.c. >>> the safety certification company, underwriter laboratories is warning of counterfeit labels on. >> hoverboards. the ul says it has fought evaluated the hoverboards. it does not know if they comply with any safety requirements. >>> the price of gas briefly drops to below a dollar a gallon in one town in northern michigan. during a gas war sunday night one stakes was selling gas for $47 cents a gallon. police had to direct traffic. other stations in the area also the morning, prices are back up to about $1.40 a gallon. according to aaa the national is $1.89 a gallon. >>> at the box office this holiday weekend, there was a greater force than "star wars". the comedy sequel ended the long ticket reign

live in shanghai for six months. she's incredible. the thought that anybody could pull those limbs from that child or flush that child down a come owed and take part and say whether we are going to sell em, they'll be helpful for research, it is so and hornt and so unconscionable that at times it is just so difficult to understand how people can take the positions they do. including a president who as a senator, would be totally opposed to a law that says if the abortion fails, you got to et the child live. opposed to that legislation. i have known ted cruz for a number of years now and everybody talks about how brilliant he is. yes, he is incredible as a debater, an attorney, arguing before the supreme court, an attorney arguing before his wife -- [laughter] mr. gohmert: he is absolutely incredible. and i know i have had temptations like a lot of people to want to support the second person in the history of umanity not to ask god for forgiveness, i know that's a struggle. but i have settled on an endorsement that is not moving. it's for the guy who knows who he is. he knows who god is

has been happening in the market overall, the shanghai composite but forown 5% today, you today it is off by 15%, 16%. eric nielsen is a global chief economist at unicredit. eric, you say china concerns are overdone because the stock market is relative to its own economy. than 15% ofless household financial investment and provides less than 3% of credit creation. so what does the stock in turmoil look like, is not weakness in the real economy? >> panic and speculation. i think we are still up 40% from tw 314. -- from 2014. something like 90% of the trades in china are household retail. i think what you have is an emerging market economy that is developing. and sort of pile into this, there have been plenty of cases revealing that certain comments have been paid for by companies. it's not quite as clean as it is in america. joe: is china making a mistake with this slow drip devaluation of the yuan everyday lower, signaling everyone to get their money out? could they just do a one left evaluation, shock people, but get it out of the way? >> it's a good question. the old-fashioned way of

drops. this morning we can say the shanghai index was up and down before closing up 2%. and a good u.s. jobs report today could actually bolster the markets here. >> tonyia couch has a date in court this morning. she's the mother of the so-called affluenza teen brought back to texas yesterday. couch will be arraigned on charges she helped her son flee to mexico. ethan was convicted of killing four people while driving drunk. ayew tube video allegedly shows him violating his probation. he remains in mexico fighting extradition. >> on the other side of the country, donald trump packed a full house last night in burlington, vermont. thousands of trump supporters waited for several hours in the cold as well as hundreds of protesters. it came as trump unleashed a new attack on the clintons with a new ad challenging hillary clinton's record on women's rights saying she enabled the former president during his sex scandals. trail in iowa refusing to take the bait. >> it hasn't been a very pretty picture for her or for bill because i'm the only one willing to talk about his problems. >> and

like shanghai, beijing. charlie: places outside of beijing and shanghai. tung: that is correct. you would need the economy to grow at a healthy rate. of course, china's challenges as it goes through this new normal, which by the way is going quite well. -- that is the7% new normal. the figures came out last year, for the end of last year, it is really what we expected. growing at 6% to 7%. creation -- the government got 10 million jobs a year. it turned out to be 12 million jobs. the other thing which is very interesting and important is the household income that has been growing at 7.5% a year for quite a number of years. and new middle class is being created which is driving the consumption. you can see the service sector economy now for the first time going above 50% of the gdp. is agricultureat and service sector. it is now at the top of the three. charlie: that china now have more of a consumption economy? tung: is beginning to have more. china's savings rate is about 50% of gdp which about 20% is corporate and the other 30% is personal. charlie: is part of that because there i

after the exchange opened the shanghai index down more than 7% triggering the shutdown and as was the case monday it was because of worries about china's economy. the central bank again devalued the country's currency and this morning other asian marks are down. >> north korea's claim of a nuclear bomb test doesn't seem to be a factor in the stock market slide perhaps because there are doubts it ever happened. the white house doesn't believe the claim. the uts u.s. immediately launched so the called nuclear sniffer planes to determine whether the claims are true. already many are skeptical. >> the reported size of the detonation is relatively modest, comparable to the tests that north korea carried out in 2013 which i think led many experts to assume this is in fact probably a much cruder device >> the question now this morning, whether the north's chief backer china is willing to allow stiffer sanctions as punishment. >>> a bill to repeal obamacare is heading for the president's desk where he's sure to veto it. it also blocks funding for planned parenthood. it was a straight party li

trouble, that could mean trouble for the rest of the world. and with this chaos in the shanghai markets, there are worries the chinese don't have handle on their own economy right now, scott. >> pelley: and anthony, the chinese are also the second largest consumer of crude oil. you've been looking into the impact of that. >> reporter: crude hit a low. it was $06 in may. if you drive to work, it's a huge tax break, but it's painful if you work in the oil industry in houston. there's just too much supply now. if china continues to slow, there will be less demand and gas prices could stay low for a >> pelley: anthony mason, thank you very much, anthony. the folks at dow jones told us today that the plunge this week in the 30 blue chip stocks alone represents a market value loss of nearly $260 billion. ted cruz is watching his stock rise in iowa. major garrett took a ride with the republican front-runner 25 days before iowans cast the first votes of campaign 2016. >> reporter: we road with ted cruz and asked about donald trump's legal advice. >> this issue is a non-issue. the law is

. china's shanghai index suffered another big loss dropping 3% for the day. it's now down nearly 50% from the all time high set in june. and now at the lowest level since 2014. the major markets in japan and india were also down. and singapore and hong kong finished with gains. low crude oil prices have been driving the market downward and they are inches upward today. and the opening bell is a little more than an hour from now. >>> financial analysts are giving facebook a big thumbs up. they're 4th quarter revenue was up. facebook released the earnings report after yesterday's closing bell. and facebook stock -- actually, the futures look like it's going to open a little bit lower today. but that company has really made a rebound 'cause people were thinking facebook was headed out. it's gaining popularity once again. >>> time is 5:19 and it's affecting pregnant women in south america. and now there's a new concern in the u.s. why the zika virus is creating concern in california. i was walking home. just picked us up two breakfast croissants for four bucks, when this bear attacked.

there -- there was another automatic shutdown of china's main stock market this morning. the shanghai index down more than 7% and not because of north korea but because china's central bank again devalued the currency. investors see it as another sign of problems in china's economy. right now other asian markets are also down. >>> and former cia director david petraeus spent four hours behind closed doors answering questions about the benghazi democratic congressman adam schiff says that pet tray yuts's testimony yesterday was consistent with what he told congressional investigators more than two years ago when he debunked conspiracy theories. those assaults in libya four years ago killed four americans including u.s. ambassador chris stevens. >> in what democrats are calling political theater, congressional republicans made good on a campaign promise to repeal obamacare and defund planned parenthood. the bill is now heading for certain veto by president obama. abc's kenneth moton reports on the political fight. >> reporter: repealing president obama's signature health care law. strip

you -- you got to do press. you got to go to shanghai for the premiere. >> yeah, we went to china with jack black.ck black. >> which we've never -- when you do these animated things you don't work together, you know, we don't have any interaction. >> set actually acting. >> we're just in a booth. we're not actually acting at all. >> seth: not at the same time. >> no, we aren't. but we are, but we're not and we're not together. meet each other on these press tours. >> seth: right. yeah, you're like, "hey, i was the other panda." he's like, "oh, cool i was a panda too." >> cool. [ laughter ] yeah. and everybody is like, did you guys have fun working together? we're like, "yeah." >> seth: so that's where you do your acting. [ laughter ] >> seth: oh my god, we had so much fun together.mistry was immediate! [ laughter ] but, no, jack and i -- first of all, he is everything that you s and more. jack black is like a whole other thing. >> seth: yeah. >> you know?'s definitely putting -- you know, like jack black and china is in yeah. [ laughter ] it should be an animated movie. >> we had

berlin, she was one of 12 artists picked to live in shanghai for a month, she's incredible. the thought that anybody could pull the limbs from that child or flushed flush the child on a commode or take apart and see whether we are going to sell them or not, they will be helpful down the way somewhere for research. it is so unconscionable that at times it is just so difficult to understand how people can take the positions they do including a president who as a senator would be totally opposed to the law that says if the abortion fails you have to let the child live. opposed to that kind of legislation i'm telling you i've known ted cruz for a number of years now and everybody talks about how brilliant he is. he is incredible arguing before the supreme court. an attorney arguing before his wife. [laughter] absolutely incredible. i've had the temptations like a lot of people do want to support the second person in the history of humanity not to need to ask god for forgiveness. i know that is a struggle. but i have settled on an endorsement that isn't moving. it's for the guy that knows wh

closing lower today. in china the lone exception was shanghai composite. it closed up. those losses in japan follow the worst two-week start to the year on record. that volatility expected to continue this week about concerns of falling oil prices. and the u.s. markets are closed today. the break coming after the dow posted it's worst two week start to a new year ever. and analysts on wall street saying that wall street lost more than 3 trillion-dollar during that slide. and crude oil prices also down trading at $27 a barrel today. that's the lowest since 2003. investors worried about iran's return to an already-sa -saturated oil market. the sanctions cut iran's exports by 2 million barrels a day. now iran is determined to retake its market share. the plans to increase oil production by 500,000 barrels a day. >>> and the global collapse for oil has been a boon for those at the gas pump. it means that 100,000 jobs were lost over the past year alone. al jazeera's tom ackerman reports from texas where the boom times are now bust. >> pleasanton, texas, likes to call itself the birthplace o

stock market this mornrning. the shanghai index was down more than 7%, not because of north korea, by the way, but because china's central bank again devalued the currency. investors see it as another sign of problems in china's economy. u.s. stocks are set to open sharply lower in just a few hours. >>> breakin news frommupstate new york. 17 miners trapped underground in a salt mine in the town of lancing. firefighters rushing to the keen to rescue the miners stuck 900 feet down inside an elevator that malfunctioned. about 200 people work at the century old mine. 17 miners trapped overnight. arly a thousand feet underground at a salt mine in new york. more details on "gma." >>> back-to-back earthquakes rattled oklahoma and nearby states last night. they were centered just south of the border with kansas and felt in that state, as wells texas coming 30 seconds apart. both measured 4.7 and 4.8. activity in kansas and oklahoma to underground disposal of oil drilling wastewater, a by-product of fracking. there are no reports of damage. >>> and you ght say there is a growing seismic shake-

reports. this comes after a huge sell off in china overnight. the shanghai composite plummeted more than 60%, the asian markets also closed down. in a way that we do not, so what is driving. continued volatility? >> a lot of sit that we have seen is due to uncertainty and nervousness. raise interest rates for the first time in nearly a decade. now what that did is it effectively kicked the crutch out from a market that had become addicted to cheap money. >> so what the markets are looking for right now, is they are starting to see some volatility, we saw a raise today as oil prices went up, but all eyes are on the fed and what they are going to say in the policy statement when they issue it sunday afternoon. >> so the feds began that's just in, a couple of days so that is -- you think a factor in all of this? >> i think definitely. they are watching this very very closely. because when the feds are raised. there 2016, but of course when you raise interest rates and has a chain reaction in the economy. so that slows down consumer spending and makes it more expensive to take out loans