Prep school. This is al Jazeera America, good morning, live from new york city, im randall pinkston. It is poised to be another rocky day on wall street, futures pointing up right now, despite up and down for the asian markets. Traded ended down again, even after china cut interest rights in a bid to boost the economy there. Tokyos nikkei saw major rebounds to end a six day losing streak. Now the question remains whether americans are still nervous over how china is handling the crisis. Mary snow has been talking to traders who are getting frantic calls from investors. Certainly that nervousness is there. Those calls certainly came with speed on monday after that dramatic day on wall street. They tapered off yesterday. I think the bottom line of all of this is uncertainty, and that uncertainty, of course, stemming from china. The big question that still remains to be seen is how much does this affect the u. S. Economy. Weve been talking about it now for several days and we really dont have an exact picture. One of the things that is also unsettling i guess the fact that there is not as much transparency as obviously that everybody wants in china and the fear that the economy is worse off than every anticipated. They look at these metrics,al go rhythms and start diving in, and human beings dont really have any control over it for a while. Im glad you brought that up. In talking to traders down at the New York Stock Exchange that is such a big factor in terms of the speed which we saw some of these wild swings contributing to the volatility. Traders have been telling people we were expecting a correction. We hadnt seen a correction in four years which was kind of unheard of and even seeing these market gains in recent months, they were expecting a pull back. They didnt expect what happened monday in terms of the dramatic swings. Yesterday, we saw the dow rebound, even in the midst of all the continuing uncertainty, how do you explain that. One of the big factors in that rebound that i kept hearing over and over again is the fact that china stepped in to cut interest rates. Over the weekend, there was disappointment that china didnt do more to help stimulate the economy. However, at the end of the day, when people are looking and seeing all that china is doing to try and stimulate the economy, and again, pumped cash in, about 22 million overnight to try to help the economy, the question is how is it going to affect the global economy. Lets talk about Consumer Confidence here. Yesterday, Consumer Confidence showed the biggest gain since january, consumers feeling confident in the labor market, the Housing Market, of course this was the survey was taken before the Global Market rout, but new home sails for july came out which were strong. June had in the been a strong number. Put this in perspective, home sails in july were up 21 from the previous year. The big question is will all of this stall the recovery in the United States and the big question about the Federal Reserve hanging over all of this and what they will do with interest rates. So possibly, people were diving into the Housing Market in anticipation of rates going up. That is a safe assumption, but overall, we have seen growth in the u. S. Economy and keep hearing this was not 2008, the fundamentals of this economy are much stronger than they were when we had the financial crise. That is very good news with that thank you. The turmoil in chinas market has wide 5 trillion out of its economy. There is a concern here in the u. S. Especially for the auto industry, china one of the biggest markets for automakers and any economic slowdown could have a major impact on detroit. Bisi onileere explains. Market turmoil in chinas Financial Market is having a direct impact on detroits big three automakers. Thats because china is the biggest auto market in the world, and detroit is a big player in the chinese market. John taylor, a business professor at wane State University in detroit says there were signs of an economic slowdown in the Worlds Largest auto market weeks ago. Everybody knows that no economy just gross constantly without slowdowns or actual declines, and that will be true in china, too. General motors sells more cars in china than in the u. S. G. M. Claims 14 of the chinese market, ford is smaller at 4 and Fiat Chrysler automobiles holds just 1 of the chinese market. After years of steady growth, car sales in china dropped by more than 3 this past june, so even as north american car sales remain strong, professor taylor said as sales continue to fall in china, it will undoubtedly affect the u. S. Economy. It has been a growing market for u. S. Companies of many times, and that will slow and that will affect those companys profits and their ability to employ people in the u. S. , so its not a positive sign to see the chinese economy slowing. A wider chinese slowdown account impact far beyond detroit. Many companies for Many Industries have relied on china for their growth. If you look root world markets, the growth has really been in china the last 10 years, so if as chinese Economic Growth slows to more normal levels compared to the unsustainable six, seven, eight, 9 of previous years, those companies will, you know, be losing out on some tremendous growth market, and have a ramp up their efforts in other countries, get more american share each other country around the world. If the chinese economy does slow significantly, consider makers may be only the first to feel the pain. Bisi onileere, al jazeera, detroit. Republica republican presidel candidate donald trump is in the feud with a news anchor when he tried to question trump about immigration. Excuse me, you werent called. Sit down. Sit down. Sit down. Go ahead. No, you dont, you havent been called. I have the right. Go back to univision. Go ahead. Go ahead. You cannot deport 11 million people. Go ahead. You cannot deport. Go ahead. You cannot sit down, please. You werent called. Im a reporter and i have the right go. Ramos was eventually allowed back into the News Conference where the two clashed over the proposal of the candidate to end birth right citizenship and deportation. This isn this is the first e been escorted out of any interview. Trump is actually suing the network after they dropped his Miss University pageant in response to his remarks against mexican immigrants. There are that hint that Vice President joe biden may be preparing to run for the nomination. Sources close to biden say that the Vice President has been asking members of his team to begin contacting donors, activists and organizers in the early caucus and primary states, but biden has repeatedly told his staff he has not yet made a decision about whether to enter the race. A former prep School Student on trial for rape is expected to take the stand today in his own defense. Prosecutors have rested their case against him. He is accused of raping a 15yearold as part of a ritual at st. Francis School Called the senior salute. We have a look at how the trial has progressed so far. John. This trial started last week with dramatic tearful testimony from the unidentified young woman who said that he had sexual relations with her against her will. Other witnesses gave opposing accounts about what she told them. Do you see owen in the courtroom today . Right there. From the time the alleged victim took the stand at the rape trial, both sides have worked to answer a key question, did senior owen labri have intercourse with his abuser at all. Police detective julie curtain testified that she twice questioned him, once in the Police Station after his mom repeatedly interrupted a coffee shop meeting with proclamations of her sons in sense. It was clear i would not talk to him with her there. Owen said we shouldnt be talking about that subject matter in a coffee shop with employees at the toronto of the shop. I again offered that he could come back to concorde p. D. With us and at that point, he said that he would do that. The detective admit that he never admitted to her have gone sex with his accuser during either of their meetings. Monday, one classmate testified he believed something happened. He told you that he hooked up with her. Thats correct. Did he elaborate further . No, he did not. What did that mean to you . It could have meant, again, anything from they kissed to they had sex. Other classmates testified that he admitted to having sex with the young woman. I told them that it probably wasnt a great idea, and i warned them that she was a lot younger than us. When we asked, he kind of, you know, said no, but nodded his head yes. I asked him in a pretty serious manager if he had had sex with her and he proceeded to tell me he did. No. Well, he said kind of keep it on the down low is what he said, so i guess, so dont spread that, dont tell people. Also testified tuesday was a criminal list who said that semen was found on the accusers underwear but it is not clear if it was from him. Skin could have provided other d. N. A. On the skin. Over the past three days, more than 100 people spoke at james holmes sentencing hearing, including his mother. Many victims spoke about what they lost. You cant do anything to alter the fact that our entire family is deproved for the rest of their lives of the joy that i do doreen brought into our lives. They call for the maximum sentence for the maximum evil. The judge can decide to add another 3,000 years. Crews battling a dozen major wildfires in Washington State say they are making progress, but resources are stretching thinner by the day. 100 more firefighters have been sent in to help contain the fire, the largest and most devastating in the state, covering almost 260,000acres. Crews are being diverted from california to washington, even though the golden state is also facing a number of growing wildfires. With dry air and lightning in the forecast for Washington State, crews may have more fires to deal with. We have this report. A dozen wildfires continue to rage across Washington State. Were in North Central washington, and you can see behind me the charred land, the charred hillside, also the smoke in the area. This area is affected by the complex fire, the states largest fire on record. It now stands at more than 400 square miles. Weather conditions have slightly improved in the last couple of days, but theres no real relief in sight for mother nature. Theres over a thousand miles of fire line, sized a tremendous effort to contain the fire over that thousand miles. The real change here is that were getting a little bit of a toe hold because of the break in the weather. If we could get a good rain and that could be hard to get, but theres a chance well get some rain sometime in the next 30 days, that would be a dealing changer here. No rain and now theres a new potential hazard, licenning. Mother potential lightning storms are forecast for friday. The n. R. A. Fighting a tax on guns and ammunition, coming up, well talk to a former director for the n. R. A. Who says the court battle will push guns into welcome to al Jazeera America. It is 7 40 eastern time, taking a look at todays top stories. Two nato soldiers were shot in southern afghanistan by gunman wearing the uniforms of Afghan Security forces. Authorities have not released their nationalities so far. Other nato troops returned fire, killing the gunmen. The pentagon says Inspector General is investigating whether the military is misstating the scope of its gains against isil. An independent analyst told authorities he has evidence that u. S. Central command was reworking intelligence assessments for policies makers. Four months after the death of freddie gray sparked unrest in baltimore, maryland has become the first state to enact new regulations intending to cut down on racial profiling by police. The rules limit when police can consider race, ethnicity, region or Sexual Orientation during interaction with the public. Officials in seattle are defending a new law, tax on guns and ammunition as the n. R. A. Sues the city over it. The lawsuit challenges the citys right to collect 25 for every firearm sold, plus 5 cents for every round of ammunition. The money would go towards research aimed at reducing gun violence. The lawsuit argues that seattle is violating a Washington State law pro venting cities from enacting local firearms regulations. Richard feldman joins us, he is a former regional director or the n. R. A. And author of confessions of a gun lobbyist. Thank you for joining us. Tell us about this lawsuit. It sounds rather different. Do you know of any municipalities, states trying this tactic to control the sale of guns . At various times, local municipalities have tried to regulate firearm, but if you are in a state like the state of washington that has whats called preemption, which essentially means that the state says that any firearms laws must be enacted by the state and we do here preempt the field, preventing counties, cities, towns, from writing individual laws about firearms, the law itself is pretty clear, and the city of seattle decided to vital the state law and cause an issue, and thats ok. Im sure their lawyers will be making lots of money out of this, but the citizens of the city of seattle are going to be paying those lawyers for nonsensical exercise in futility. The plaintiffs, how unique is it that all three Major National proponents of 19 rights have joined together in illegal action . Its the Second Amendment foundation that represents the industry. Its the first time that all agree groups have joined in a lawsuit like this together, any lawsuit together. You would think there would be a unity of ideology and purpose, but apparently, each group has taken its own independent legal actions to protect gun rights. Sometimes its primarily gun owners issues, sometimes primarily a firearm industry issue, but in this case, its both. It affects the gun shops that are located in the city of seattle, and it affects gun owners that wish to purchase firearms and ammunition in seattle. Its not going to change the number of guns or ammo in washington, it just means that seattle residents will go to the suburbs, and buy their ammunition and guns somewhere else, meaning that the city of seattle will have even less money. Tell me this. At the core, who does this law, in your opinion affect . Who is harmed by the efforts of the Seattle City Council to try to hold down the sale of weapons, which obviously that is their purpose, they want to make it more difficult for people to obtain guns and ammunition. Who is harmed by this law . Well, only legitimate citizens who are going to go to gun shops to purchase firearms. Criminals generally steam the guns that they misuse. They dont pay sales tax or special ammunition tax, because they steal guns, so it certainly isnt going to affect them in the least. This is one of those issues where i think the city of seattle is trying to make a statement. We hear after every tragedy, we must do something. Its a shame that our elected officials, instead of deciding to do something, dont actually decide to do something relevant to the problem. You know, i think this is why folks like Bernie Sanders and donald trump are surging in popularity, because they talk the talk of the people, instead of saying we have today something, even if its meaningless, they talk about doing things that seem to make sense to the american people. Seattle should take a clue. What should a municipality do . Municipality should work with the bureau of alcohol, tobacco and firearms, Law Enforcement and their probation officers in zeroing in on the problem and the problem is always people misusing guns, not the guns, the people who are going to misuse them. If you zero in on the problem, youll have the rest of us, gun owners and nongun owners alike in general agreement. Lets go after the people misusing the guns, not the guys who arent misusing them. Thank you for joining us. A potential Baseball Hall of fame is on the bench this morning after sharing a meme many say was offensive toward muslims. Al Jazeera America primetime. Get the real news youve been looking for. At 7 00, a thorough wrapup of the days events. Then at 8 00, John Seigenthaler digs deeper into the stories of the day. And at 9 00, get a global perspective. Weeknights, on al Jazeera America. A federal judge temporarily blocked the state of mississippi from carrying executions. Three inmates are suing the state saying the drugs amount to cruel and unusual punishment. In june, the Supreme Court upheld the use of one of the drugs in executions, but Mississippi Department of corrections say it will appeal the decision. Former Major League PitcherCurt Schilling is apologizing for sending out a tweet that many found offensive. It contained this meme, comparing muslims to in hisi era germans tweeting the math is staggering when you get to true numbers. Espn has suspended him from Little League world series broadcasts, the network saying it may take further action. He says he accepts his suspension, saying bad choices have bad consequences. On the tech beat, uber helping to develop new technology that could be used in driverless cars. The company is partnering with the university of arizona to develop special matching technol