tv CBS Morning News CBS February 6, 2018 4:00am-4:31am PST
this morning. i'm david begnaud. have a great day. captioning funded by cbs captioning funded by cbs it's tuesday, february 6th, 2018. this is the "cbs morning news." historic plunge. wall street's wild ride triggers a global market slide while financial planners are urging people not to panic. rival document. the democrats vote to release their own classified memo about the russia investigation to counter a republican memo. and as the flu bug hits hard this season, a quick test to see
if you have the virus could be dangerously misleading. good morning from the studio 57 newsroom at cbs news headquarters here in new york. good to be with you. i'm anne-marie green. this morning, the stock market sell-off that walloped wall street hit worldwide. the nikkei lost nearly 5% of its value. the hang seng finished more than 5% lower. stocks in europe were rattled, as well. and u.s. stock futures are lower, pointing to another down day on wall street. the dow opens this morning after its worst point loss in a single day ever. down more than 1,100 points. inflation fears sparked the sell-off. diane king hall is at the new york stock exchange with more. good morning. >> reporter: good morning. it's been a roller coaster ride, and today may bring even more of the same. with more turbulence expected,
soft futures have been all over the place this morning. [ bell ] a deeply down day on wall street led to much of the same on the other side of the globe. asian markets continued the downward slide this morning. australia also felt the sting of what many analysts are calling a looming correction. >> the stock market has gone too far too fast. it's just appropriate to hit the reset button. >> reporter: markets slumped for a slew of reasons. chief among them, rising interest rate fears. still, it has become the biggest global sell-off since 2016. the dow lost 1,175 points by day's end. a big drop, but again, something market-watchers saw coming. >> quiet in there, orderly. no panic. i honestly don't think there's much to panic about. >> reporter: that's the advice for you from financial planners -- don't panic. if you have money in the market, view it as a long-term investment that over the long run is expected to grow. >> what would happen if i put
$10,000 into the stock market right after the president was elected? and even with the two-day sell-off, that $10,000 would be worth $13,280 today. >> reporter: president trump who has often taken credit for the recent stock market rise is also heeding that advice. a white house spokesperson released a statement saying, "the president's focus is on our long-term economic fundamentals which remain exceptionally strong." traders say this is par for the course, and although it seems rocky and not for the faint of heart, to some it is a buying opportunity. anne-marie? >> diane king hall at the new york stock exchange. we'll talk to you a little bit later. ahead on "cbs this morning," we will talk with cbs news financial contributor mellody hobson about the volatile markets and what you should do with your 401(k) retirement accounts. whether a democratic memo on the fbi's russia investigation is released to the public is now
up to president trump. the house intelligence committee voted to release the memo yesterday. the president gave the okay to declassify the republican version last week. the report from the white house. >> reporter: president trump will soon weigh whether the public should see another classified congressional memo. >> i think it's going to be very hard for the white house like it was hard for republicans on our committee to block release of this. i am more concerned that they make political redactions, not redactions to protect sources and methods. >> reporter: the house intelligence committee voted unanimously to release a democratic rebuttal to the gop memo that accuses the department of justice and fbi of abusing surveillance powers in the russia investigation. congressman adam schiff authored the democratic memo. on twitter monday, president trump called him "little adam schiff," and "one of the biggest liars and leakers in washington." in another tweet, the president called the committee's republican chairman a man of tremendous courage and grit.
>> we had to use this process in order to make it public because doj and fbi were refusing to investigate themselves. >> reporter: president trump, who cleared the way for the release of the classified gop memo, said it vindicates him in the russia probe. other republicans are not drawing the same conclusion. >> i actually don't think it has any impact on the russia probe for this reason. >> the memo has no impact on the russia probe? >> not to me it doesn't, and i was integrally involved in the drafting of it. >> reporter: the doj and fbi are already reviewing the democratic memo. president trump will have five days to decide whether to green light its release. cbs news, the white house. former white house strategist steve bannon was expected to testify today before the house intelligence committee as part of its russia investigation, but that's not happening. despite a subpoena, bannon will not show up. the meeting was put off. the white house does not want him to answer questions about
his time in the administration. he's delayed answering the committee's questions three times. it's unclear if bannon will be held in contempt. also on capitol hill, republican leaders are scrambling again to come up with a budget deal to avert a shutdown. the government runs out of money thursday night. the house could vote as early as today on a stopgap measure to keep the government running until march 23rd. it would be attached to a bill to keep the pentagon funded for a year. it would also reauthorize funding for community health centers. for the third time in the past five weeks, a colorado law officer was killed in the line of duty. officers were investigating a stolen vehicle in colorado springs yesterday about 70 miles south of denver. deputy mica flick and other officers were struggling with a male suspect when shots were fired. three sheriff's deputies and a police officer were wounded.
maryflo horan saw the gunman. >> i saw the guy come around the corner, and he was limping really bad and holding his right hip. and he looked kind of scared, was looking around a lot. and he like half ran inside the building. >> the suspect was killed. a bystander was also shot. dr. larry nassar received a third and final prison sentence, but the investigation into his sexual abuse of hundreds of girls and women is not over. nassar was sentenced to up to 125 years behind bars for molesting young athletes at a michigan gymnastics club. congress is investigating usa gymnastics, and the education department is looking at how michigan state handled complaints about nassar. at least 53 children have died from the flu this season. 16 last week, according to the cdc. one died yesterday right here in new york city. this continues to be a hard-hitting flu season. many people are taking a quick
test. the cdc warns it can produce false negatives. >> this is a test that can be easily done in the office, what they call a point of care test. you can get the results quickly, at the exact time you test it. >> few minutes? >> few minutes, correct. >> the cdc says the rapid flu tests are only 50% to 70% accurate, but are quicker and cheaper than a lab test. a snowstorm in central iowa created dangerous road conditions. a cold snap is expected to engulf the central and southern u.s. through the week. a massive pileup on a snow-covered freeway in ames, iowa, killed one person and injured five others. the chain-reaction crash involved as many as 70 cars. officials say it was the worst they had ever seen. the last time the area got this much snow was in 2015. coming up on "cbs morning news," rolling disaster. new details before the deadly amtrak crash in south carolina. and special cargo. what the "falcon heavy" rocket
will be carrying as it takes flight today. this is the "cbs morning news." this is the "cbs morning news." our commitment to clean remains the same. now with 10x the cleaning power. tide, america's #1 detergent your heart doesn't only belong ♪to you. bye grandpa. and if you have heart failure, entrusting your heart to entresto may help. entresto is a heart failure medicine that helps improve your heart's ability to pump blood to the body. in the largest heart failure study ever, entresto was proven superior at helping people stay alive and out of the hospital compared to a leading heart failure medicine. don't take entresto if pregnant. it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren. if you've had angioedema while taking an ace or arb medicine, don't take entresto.
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♪ this is ground control the world's most powerful rocket in use today is set to blast off this afternoon for its maiden flight. the spacex "falcon heavy" will use the same pad at florida's space center that hoisted men to the moon almost 50 years ago. it's powered by 27 engines and three massive first-stage boosters. tesla founder and spacex founder elon musk is putting a car on board that will orbit the sun and go as far out as mars. >> normally when a new rocket is tested, they put something boring on like a block of concrete or chunk of steel or something. well, that's boring.
what's the most fun thing we could put on? >> musk says it will be playing david bowie's "space odyssey." appropriate. there's possible evidence of planets beyond the milky way. and new details in the amtrak investigation. those are some of the headlines on the "morning newsstand." south carolina's "post and courier" reports that an amtrak crew had less than ten seconds to react in sunday's deadly train crash. a track switch was apparently in the wrong position, sending the amtrak passenger train on to a side track. it slammed into an idle csx freight train. the amtrak train's conductor and engineer were killed. more than 100 people were hurt. >> that switch should have been realigned for the amtrak to go to the main track. >> reporter: why wasn't it? >> that's exactly what we want to find out. >> investigators also say railway signals that could have warned the crew to stop were out of service for maintenance. "the pittsburgh post-gazette" reports in a blow to the gop, the supreme court is
allowing pennsylvania congressional districts to be redrawn. justice samuel alito denied the republican request to overturn a supreme court ruling creating a new congressional map. the court had ruled earlier that the current map discriminates against democrats. a new map could be in place for the may congressional primaries. the "washington post" says the department of homeland security is offering online teacher training for active shooter situations in schools. the training allows teachers, staff, administrators, and first responders to prepare for shooting incidents on their computers. the simulation takes place in a large school which has an auditorium, cafeteria, gym, and many classrooms. "the chicago tribune" reports on the death of actor john mahoney. mahoney was best known for playing cranky dad martin crane for 11 years on "frasier." he was nominated for two emmy awards. mahoney was part of chicago's steppenwolf theater and was in
many movies including "8 men out" and "tin men." he died in sunday in chicago from complications of throat cancer. he was 77. and "national geographic" reports more than a trillion planets could exist beyond our galaxy. a new study is providing the first evidence there are exo-planets outside our galaxy. scientists used the information from the chandra observatory and a planet detection technique called micro-lensing to study a distant galaxy. they found evidence there are about 2,000 planets for every star beyond our galaxy. still to come, behind the spandex, why the ceo of the popular athletic clothing company lululemon has resigned. thing company lululemon has resigned. but do they test their baby's soap? this paper represents proteins in your baby's skin. ordinary baby soap weakens the proteins. baby dove bar is different.
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or dental procedures. i'm still going for my best. and for eliquis. ask your doctor about eliquis. here loo here's a look at today's forecast in some cities around the country. ♪ [ cheers ] one day after leading the philadelphia eagles to victory in the super bowl, mvp quarterback nick foles was fist bumping mickey mouse at disney world. fans lined main street in the magic kingdom for a parade to celebrate the eagles' win over the new england patriots. on the cbs "money watch,"
new details for clothing company lululemon, and the sound of silence from paul simon. diane king hall is at the new york stock exchange with that and more. good morning again, diane. >> reporter: i was going to say the same. good morning again, anne-marie. athletic clothing maker lululemon is now looking for a new ceo. the ceo stepped down yesterday over issues of conduct. there are no specifics, but lululemon said it expects all employees to have respect for one another. laurent potdevin has only been ceo since 2014 and helped the company fix a major flub when thousands of yoga pants were recalled because customers complained they were too sheer. meantime, it's reported that las vegas casino mogul steve wynn set up a limited liability company to hide a $7.5 million payoff to an employee who accused him of sexual misconduct. dozens of people accuse wynn of sexual misconduct according to the "wall street journal." wynn denies the allegations.
a law firm is investigating the allegations. singer/songwriter paul simon says his upcoming tour will be his last. ♪ hello darkness my old friend ♪ i've come to talk with you again ♪ simon's farewell tour kicks off in may, taking him across north america and europe. his last day is july 15th in london. simon, who's 76 years old, says the travel and time away from his family detracts from the joy of playing. anne-marie? >> at 76, you can certainly understand that. hopefully he'll still be making music, though, because we enjoy it. diane king hall at the new york stock exchange. thank you, diane. >> reporter: thank you. still to come, solving one of hollywood's biggest mysteries. the new evidence that's giving investigators hope of finding evidence in the drowning of natalie wood. and you don't have time for a cracked windshield. that's why we show you exactly when we'll be there. saving you time, so you can keep saving the world. >> kids: ♪ safelite repair, safelite replace ♪
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♪ visitors a tokyo zoo had a chance to see a whole family of pandas playing, eating, just hanging out. a female giant panda recently made her debut to the public. she was actually born last june. there's also a 1.5-year-old panda, her older twin sisters, and their parents living at the zoo's adventure world. investigators may be closer to solving one of hollywood's biggest mysteries. for nearly 40 years, there's been speculation about the death of actress natalie wood. new evidence is shedding new light on how wood might have died. chris martinez has the story. >> reporter: nearly four decades after the mysterious death of natalie wood, investigators are
asking the public for help to determine what really happened the night the actress drowned, as a result of a "48 hours" report on cbs. >> there were four people on the boat. one ended up dead. >> reporter: wood was sailing with her husband, robert wagner, and co-star, christopher walken, that night in 1981. her body was found floating in the water the next day. and her death was ruled an accidental drowning. investigators now say two new witnesses back up claims from the boat's captain that wood and her husband were fighting the night she vanished. >> i believe that robert wagner was with her up until the moment she went into the water. >> reporter: in 2011, the medical examiner changed the manner of death from accidental to undetermined, reopening the case. >> there were bruises on natalie wood's body that -- they say they're nonmechanical, caused by another person. >> reporter: wagner is now a person of interest. he's refused to speak with them since the case was reopened. chris martinez, cbs news, los angeles.
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our top stories this morning -- stock markets in asia overnight plummeted on the heels of yesterday's massive wall street sell-off. the dow jones industrials lost more than 11,000 points. its biggest one-day point drop ever, triggered by fears of higher inflation and interest rates. the downturn started last week. and president trump is deciding whether to declassify a democratic memo on the russia investigation. the house intelligence committee voted to release the memo yesterday. it's an effort to counter a republican memo released last week that argues the fbi and justice department conspired against the president.
the opening ceremony of the takes place friday, just 50 miles from the dmz. ben tracy's in the host city of pyeongchang with a look at the security measures. >> reporter: they've been holding drills for months, simulating everything frm a hostage situation to shooting down a drone about to drop explosives on an olympic venue. the chief of police told us that a terrorist attack by drone is the biggest concern. in all 21 olympic facilities are being closely monitored from the command center. the olympic force is about twice that deployed during the summer olympics in rio. that force includes south korean marines who have been testing their tolerance for the cold and snow down in the area of pyongyang. this is where south and north meet. you literally have south korean soldiers who are staring into
north korea which is just beyond those blue huts. in the shadow of a nuclear standoff, the u.s. and south korea delayed their annual military exercises. an effort not to provoke north korea during the olympics. fears of a missile launch or nuclear test have lessened now that north korea is sending a large delegation to the games. a large-scale cyberattack is something they are still concerned about here. and that's something north korea is particularly adept at. they have hired a private cybersecurity firm to try to prevent that kind of attack. ben tracy, cbs news, pyeongchang, south korea. coming up on "cbs this morning," more from ben tracey in pyeongchang as he looks at the cost of the winter games and south korea's novel approach at cleanup. plus, the debate on immigration heats up in the case
of indiana colts player edwin jackson, killed in a collision involving a suspected drunk driver who was an illegal immigrant. and director quentin tarantino responds to allegations by uma thurman about the car crash that she endured for the movie "kill bill." that's the "cbs morning news" for this tuesday. thanks for watching. i'm anne-marie green. have a great day. ♪
morning. >> let's look out, beautiful weather all across northern california. >> we are going to see that again today. get ready, another lovely day with clear conditions right now, no fog across san francisco. haven't seen that in a while. looks like we'll stay dry for a while as well. today we'll be a little cooler than yesterday, but we are still well above average. how warm we're going to get, coming up. right now we are tracking the usual crowds starting to develop out of tracy westbound 580, 23 minutes between 205 and and680. southbound 280 at wolf road, this is not blocking any lanes but crews are heading to the
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