How they really changed the course of that day. Three american heroes receive frances highest honor. For taking down suspected militant on a highspeed train. He seemed like he was ready to fight to the end. So were we. A lot of people have their eyes on wall street. Down more than 6 , more than 1,000 points. Incredibly rare. Heightened interest around Vice President joe biden. Hes doing everything he would be doing if he intended to run. On the republican side, shifting the focus away from donald trump. For the first time i can imagine trump winning the nomination. Wildfires continue to burn across the western u. S. Crews battling wildfires in washington. They should be getting some help. A large explosion at a u. S. Military facility in japan. They have confirmed there are no reports of injuries. It breaks my heart and i dont like it. Two men will be arraigned on gun charges after allegedly threatening the pokemon World Championships in boston. These two people, not welcome here. After revealing hes undergoing treatment for cancer, president jimmy carter returned to teach sunday school. Do we have any visitors this morning . A frightening seen at Pocono Raceway after Justin Wilson was airlifted from the course after a severe head injury. All that. One direction has revealed the band will split. We will try to maintain a normal news service. Watch this kid whos only 4 years old. Watch that swing. And all that matters. Weve launched our own church. We ask you to send us money. Look at this harvest. You gave unto us. On cbs this morning. Welcome to summer slam, brooklyn jon Stewart Trading in the daily show desk for the Square Circle of pro wrestling. You know, ive spent the past 16 years talking about politics. Its nice to be back in reality. This mornings eye opener is presented by toyota. Lets go places. Welcome to cbs this morning. Charlie rose and gayle king are off, so Anthony Mason and Margaret Brennan are here. Good to have you guys here. Good to be here. We should let everybody know as you wake up in the west, wall street is starting a new week with its worst losses in years. [ bell ringing ] the Dow Jones Industrials briefly fell more than 1,000 points after trading opened half an hour ago. It has since made up some of its losses. The nasdaq and s p 500 are also down significantly. European and asian markets were also hit hard because of concerns about chinas troubled economy. Cbs news financial contributor Mellody Hobson is with us. Good morning. Good morning. Why is china rattling Global Markets so deeply . Well, all roads lead there and the story is slower Economic Growth in china. In august we saw their Manufacturing Activity drop to a six and a half year low and saw their exports plunge 8 . That spooked investors there and the Ripple Effect is that it has spooked investors around the globe who expected china to be the engine of Global Growth. So what happens if this selloff continues here at home . Well, if the selloff continues here at home, i have to say that i think that youre going to see a buying opportunity. Suddenly u. S. Stocks have corrected. They are down 10 from their highs. And theyre at valuations that are much more attractive. Weve been in a sixyear bull run and bull markets dont go on forever. We just cant expect that. So now that the steam has been let out of the pot here, it may be an opportunity for investors to stop in step in and we may see some bargain hunters do just that. The thought has been that Interest Rates would go up here in the u. S. In september. Do you think that this selloff changes that . Wow, i would not want to be janet yellen or the Federal Reserve board right now, i have to tell you. This is so hard. On the one hand the u. S. Economy overall looks good. Our jobless numbers are at historic lows. Were seeing Housing Starts at eight and a half year highs. Consumer prices are up. So all of that looks good. But then we have this Global Growth story. If youre her and the other members of the Federal Reserve board, i have to say my guess, when in doubt, dont. Maybe they will wait. But ultimately rates will go up. Mellody, thanks. Three americans received frances top honor for stopping a potentially deadly attack on a train. The french president called the men a source of inspiration. The takedown happened friday on a highspeed train traveling from amsterdam to paris. The potential attack was foiled just outside the belgian capital of brussels. Charlie dagata is in paris with the heroes high honors. Charlie, good morning. Reporter good morning. We watched earlier today as these young men arrived here at the president ial palace and theyre dressed in polo shirts. Youre reminded that these guys are on vacation on friday. And today heres the french president saying the whole world admires their courage and cool composure. Frances biggest heroes bestowed the biggest honors. In the splendor of the president ial palace this morning, presented with the legion of honor, frances highest award, specialist alec skarlatos, Spencer Stone, and their childhood friend, Anthony Sadler. Three ordinary guys who did an extraordinary thing. At the ambassadors residence, Spencer Stone described for the first time the moment that he and his friends faced a heavily armed gunman head on. I saw that he had what looked to be an ak47. It looked like it was jammed or wasnt working. He was trying to charge the weapon. And alek just hit me on the shoulder and said lets go. Ran down, tackled him. Alek came up and grabbed the gun out of his hand while i put him in a chokehold. It just seemed like he kept pulling more web apons left and right. Took out a box cutter and started jabbing at me with that. Reporter jabbing that cut spencers left thumb clean to the bone and yet so badly injured, he then helped save the life of another passenger. The suspect, Moroccan NationalAyoub El Khazzani denied a terror attack saying he just wanted to rob passengers. Despite the obvious danger they faced, skarlatos couldnt conceive a grin as he assessed the gunmans level of expertise. He clearly had no Firearms Training whatsoever. And yes, if he knew what he was doing or even just got lucky and did the right thing, he would have been able to operate through all eight of those magazines and we would have all been in trouble and probably wouldnt be here today, along with a lot of other people. Reporter Anthony Sadler, that man, a childhood friend, summed it up best when he said hiding or sitting back is not going to accomplish anything. In times of terror, dont just sit by and watch. Margaret. Charlie dagata in paris. And that will be a Summer Vacation none of them will ever forget. Thats right. And how about receiving that award in their polo shirts . Thats the best part. P it tells us they were just n vacation and there is high praise in this country as well for those three american heroes. The trio that helped stop the gunman are childhood friends. Elaine quijano is here with reaction from family members. Elaine, good morning. Reporter good morning. Relatives describe these Three Friends from middle school as laid back and humorous. On friday, though, they were anything but and acted in the face of a terrifying situation. If it wasnt for them, i would have been dead. Reporter Spencer Stone credits trust in friends Alek Skarlatos and Anthony Sadler with helping to subdue an armed gunman on a highspeed train bound for paris on friday. The three men grew up together in the suburbs of sacramento. I dont know what i would have done if i was by myself. I saw spencer get up, i saw alek get up and those were my Close Friends. I was just like i couldnt let them go alone. Reporter 23yearold stone is an Airman First Class and paramedic in the u. S. Air force. His brother, everett, describes him as an warrior. A lot of people just sit back. If something ever happened like that we werent going to sit down and tack it. He did exactly what he said he would do. He stopped the guy from killing everybody. Reporter stone reportedly played childhood army games with next door neighbor skarlatos. Skarlatos is now 22. Hes a member of the Oregon National guard and served in afghanistan. Emmanuel is his father. I am so proud of his father so much. The fact that they saved all those lives and had that instinct and the guts to just do what they did. Reporter the para companied sadler on his first trip to europe. Sadler is a 23yearold senior at Sacramento State university. His parents are still in disbelief. The proud came later. Initially it was shock, concern and thankfulness that he was not hurt or injured. You live life, you do the best you can and you trust god to take care of you when you cant take care of yourself. Reporter president obama called all three men to congratulate them on their heroism. The two servicemen will be going to germany for further medical treatment. Sadler is headed back to the united states. Anthony. Elaine, thanks. Jeb bush is heading for the border with mexico this morning after a campaign weekend dominated by immigration issues. The republican president ial candidate will talk with local officials in mcallen, texas, just north of the border. Gop front runner donald trump avoided more questions about his plan to deport all Illegal Immigrants and then allow some to return. On face the nation trump said a barrier along the border is crucial. He said if hes elected, he would make Hedge Fund Managers also pay a fair share of their taxes. Its ridiculous. I want to save the middle class. You know, the middle class the Hedge Fund Guys didnt build these countries. These are guys that shift paper around and get lucky. By the way, when the market collapses like it is now, the market is going down and theyre losing a fortune. Half of them, look, theyre energetic and very smart, but a lot of them, theyre paper pushers, they make a fortune, they pay no tax, its ridiculous. Not going to make some of his friends in new york happy, but luckily he doesnt need donors. Well, there you go. Youre seeing pictures there of a major rally trump held on friday in mobile, alabama, and he will campaign in iowa and South Carolina this week. And well be watching. Many democrats are buzzing this morning about Vice President joe bidens newest move. He met privately with senator Elizabeth Warren, who is a favorite of the partys left wing. Hat left many people wondering if biden is ready to join the president ial race. Julianna goldman is at the white house with her latest reporting. Good morning. Reporter good morning. The Vice President asked for the meeting and its the strongest signal yet that his deliberations are intensifying. Now, over the weekend we spoke with one big clinton donor who says theyre ready to jump to biden if he gets in. They dont know where clintons email story is headed and theyre disappointed with how her campaign has handled it. Are you ready to get out there and fight . All right. Reporter Vice President biden traveled from delaware to meet with the liberal icon, one of the most visible women in the democratic party, warrens sway with the base could be key. A potential boost for biden who has spent his career casting himself as a champion for working americans. You cant talk about the Vice President without talking about the middle class. And his lifelong advocacy for good jobs, good education, good infrastructure, civil rights community, gay rights community, these are things that the Vice President has been actively engaged in his entire career. Reporter biden and his close advisers have been reaching out to donors and supporters in early voting states. Theyre monitoring the growing fallout from Hillary Clintons use of his private email server while she was secretary of state. Recent polls show voters see biden as more honest and trustworthy than clinton. But there are considerations that weigh against biden jumping in. His family is still mourning the death of his eldest son, beau, who is said to have encouraged his father to run. And a Campaign Launch would meantime, money and organization. Hes already run for president twice. Age is also a factor. At 72, he would be the oldest president in history if elected. And then there are the gaffes. Which would certainly be part i promise you, the president has a big stick. Reporter of a biden campaign. But in the current 20plus person field, biden supporters say voters want someone whos not afraid to speak their mind. Family friend josh alcorn is with the draft biden 2016 super pac. He knows that the American People i think are looking for authenticity in their president ial candidates this year. Thats joe biden. Hes the original authentic candidate. Reporter the Vice President and the president will be having lunch at the white house here today. Now, its pretty hard to imagine that the Vice President wouldnt seriously be considering a White House Run if he didnt get the room to do so from president obama. Thank you. This morning a new wildfire in the west is forcing the evacuation of hundreds of people. The summit fire is burning about 100 miles east of los angeles near the big bear resort. The flames are 30 contained. Its one of more than 65 major wildfires in seven western states. In washington, more than 200 homes have been destroyed. Several were in the area where three firefighters died last carter evans is in omak tracking the okanogan fire. Reporter were learning how the fires took the lives of three firefighters when shifting winds surrounded them with flames. The wind is calmer this morning, but the firefight continues and its putting a strain on resources, not only here but across the west. The fastmoving summit fire in Southern California led to a Quick Mobilization of forces. While air tankers dropped fire retardant from above, sheriffs deputies urged everyone in the area to evacuate. The sheriffs department, prepare to leave the area. Reporter as many as 500 homes are in the fires path. Meanwhile in washington, new details emerged about the deaths of three Forest Service firefighters near twisp. Their truck was involved in an accident and found near this hillside. The engine was upside and burned over with three deceased u. S. Forest Service Firefighters inside. Reporter the authorities believe the accident may have prevented the firefighters from escaping, as the fastmoving flames turned on them. A fourth firefighter who was injured, daniel lyon, had been in the truck with the three men but somehow managed to walk away. Hes currently in intensive care with burns on more than 60 of his body. There were no witnesses to the actual event of the truck leaving the road, except daniel, whos not able to talk. Reporter rick wheeler was among the firefighters killed. His widow says he paid his way through school fighting fires in the summer. He had that ability to think quickly on his feet. I feel like he was not afraid of anything. Reporter andrew zajak also lost his liechfe. Surrounded by family members, his widow released a video with a message for his fellow firefighters. Please everybody come home because thats all we really wanting is everybody home. Reporter i want to give you a before and after look at the home im standing in right now. You can see there is nothing that is salvageable. The fire that burned this home to the ground is just one of 12 here in Washington State right now. Its putting such a strain on resources that the state is taking the unprecedented step of training civilian volunteers to fight these fires. Wow. Thank you very much, carter evans. This morning the death toll from a devastating air show crash in england could rise. Police say at least 11 people were killed. The vintage fighter jet slammed into a road saturday after a failed loop maneuver. Most of the victims were sitting in their cars. The pilot did survive but is in critical condition. Investigators are still searching for more victims. Indycar driver Justin Wilson is in a coma this morning after he was hit by debris during a race. Another driver crashed near the end of sundays abc supply 500 at Pocono Raceway. Pieces of his car flew across the track. A large chunk hit wilson in the head as he tried to make his way through the wreckage. The 37yearold from england was airlifted to an allentown, pennsylvania, hospital. Hes now listed in critical condition. Boston police are getting credit this morning for stopping a potential shooting massacre at the pokemon World Championships over the weekend. 27yearold james stumbo an