at least for the moment. stocks bounced back in early trading today, after monday's 634-point plunge. right now, dow blue chips are up by 201 points. investors are psyched over today's fed meeting, and there's speculation it might announce a new stimulus. to boost the economy. president obama sits down with treasury secretary timothy geithner. that's happening this afternoon. they're going to size out the new market turmoil that is fearing -- that is fully feeding fear of double-dip recession. the president is promising to help a special congressional commission find a long-term fix for the finances. >> i intend to present my own recommendations over the coming weeks, on how we should proceed. and that committee will have this administration's full cooperation. and i assure you, we will stay on it until we get the job done. >> so, congress has to appoint the commission by next tuesday. that is just a week from today. the six democrats, and six republicans will have until november 23rd to come up with a plan. well, london will practically triple the number of police officers on the streets tonight. to combat rioting. violence spread to new neighborhoods today, even to other cities. it started saturday after a police shooting. prime minister david cameron cut short his italian vacation. he says that mob anger has transformed into criminality, pure and simple. the bodies of 30 american troops killed in afghanistan have arrived at dover air force base in delaware. they died when the taliban shot down their helicopter over the weekend. eight afghans killed in the fiery crash were flown to dover, as well, so their remains can be identified. nato rains bombs on libya's capital overnight. the heaviest attack in a month. explosions lit up tripoli's night sky for the better part of an hour. nato's war jets appear to have hit a chemical plant, which is burning east of the city. two brothers, and their sister, are on the run from the law today. >> oh. >> the siblings are accused of taking shots at a florida police officer during a high-speed chase. five hours later, investigators say the trio robbed a georgia bank. their mother, who didn't want to be identified, pleaded for her children to give up. >> only mom knows what good people you are inside. please prove me right and everybody wrong by doing the right thing now, and turning yourselves in. >> in san angelo, texas, today, closing statements are scheduled in the penalty phase of warren jeffs' trial. now, the jury is going to decide a sentence for the polygamous sect leader. he could go to prison for the rest of his life. last week jurors convicted jeffs of sexually assaulting two children. swimmer diana nyad arrived in key west, florida, this morning. but not the way she had hoped. nyad at 61 tried to become the first person to swim from cuba to florida without a shark cage. but about halfway through, the three-day swim, fighting strong currents, her body ran out of steam. president obama was supposed to be speaking in virginia right now about fuel efficiency standards. but the white house canceled the event just a short time ago. the president is under increasing pressure to come up with a plan to fix the country's finances. white house correspondent brianna keilar, she's joining us live. first of all, do we know why the president canceled his event? >> we don't know why, suzanne. the white house isn't saying. there is speculation, not surprisingly, that the president may be going to dover air force base, where the remains of those 30 u.s. troops killed last week in afghanistan will be coming in. as you mentioned, he was supposed to be in virginia, discussing new fuel efficiency standards for commercial vehicles, for trucks and buses. that was completely cleared off of the schedule a couple hours ago, and there -- as well as the briefing by white house press secretary jay carney. but there hasn't been an update to explain why in >> brianna, we know that he does have on his schedule that he's going to be meeting with his treasury secretary, obviously looking at the economic situation. what are some of the specific proposals that he is going to be putting on the table to try to jump-start this economy? >> you know, he's been talking about some of his proposals for awhile, suzanne. i think perhaps it's not reassuring to the markets. these are proposals that take time. they certainly are more slower moving than the panic that we've seen on wall street, and the president has long said, the white house has long said, that when it comes to ratings agencies and the markets, they can't really control those things and focus on the things they can. first off on the topic of deficit reduction, this was a new thing we heard yesterday from the president, that he'll be making recommendations to that bipartisan congressional committee that's looking at deficit reduction. he'll be making recommendations on entitlement reform, and also tax reform which, of course, democrats would hope would field more in the way of taxes. and then on the issue of jobs, suzanne, his strategy for some time now has been pretty well known. taking a payroll tax, holiday and extending that. unemployment benefits, extending those. the free trade deals that are before congress, as well as infrastructure spending, which, as you can imagine, is something that there would be some difficulty with in congress. because there isn't an appetite for spending. certainly, republicans would push back on that, and have pushed back on that, suzanne. >> all right. brianna keilar, thank you very much. brianna from the white house. stocks try to rebound from yesterday's nosedive. they're reacting to the credit downgrade. the dow opened higher, and is trading in positive territory. that is happening right now. alison kosik at the new york stock exchange. tell us what's going on. >> suzanne, it's nice to see some green arrows for a change. but the volatility is still here. we are still in the green. the dow up 178 points. but we did see it go as high as 243. still once again holding onto a good portion of those gains. a good indicator of how investors are feeling is watching how they're trading. and we are seeing gold come off its intraday highs. it's encouraging because gold is often seen as an investment of last resort. as a safe haven. it looks like investors are kind of taking some of their money out of gold and putting it in other things like stocks. one other indicator is the vix. the vix is sharply lower. that kind of gauges the fear and volatility in the marketplace. that's sharply lower and shows that things are much calmer than they were yesterday, to say the least. >> and alison, there's a lot of volatility as you mentioned, day to day, even hour to hour. are traders expecting, what do they think is going to happen over the long-term? >> traders are telling me that they expect to see, believe it or not, more selling, unfortunately. because they really want to see the economy improve. they want to see these indicators like gdp and manufacturing and housing and jobs improve to really get these gains to really stick. don't be surprised if you see more selling in the long-term, until we get some good news. now one thing that wall street is definitely watching today is that fed meeting coming up at 2:15. wall street is going to be watching, and trying to listen to exactly what fed chief ben bernanke says, what the fed could do, possibly even put a new stimulus package in place to give a boost to the economy. suzanne? >> we'll be watching very closely. what the fed does today. alison kosik, thank you very much. when the market turns, it's easy to get caught up in all of these numbers, today we want to hear from you. your stocks, your credit cards, your mortgage, student loans, they could all be impacted by this downturn. so we want to help. send me your money questions at facebook.com/suzannecnn. or twitter @suzanne malveaux. and we're going to go to the experts to get some answers. >> at the end of the day, many americans are too busy worrying about their own credit rating to care about the aaa credit rating downgrade for the united states. we wake up every single day, and our lives aren't seeming to change, except for many of us, our situation is getting worse, as relates to jobs, foreclosures. aaa credit rating since 1917, yet we still had a great recession. hi there! that's not going to satisfy you. it's time for a better snack. here, try this. it's yoplait greek. it has two times the protein of regular yogurt. you'll feel satisfied. 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[ male announcer ] want to pump up your gas mileage? come to meineke for our free fuel-efficiency check and you'll say...my money. my choice. my meineke. here's your chance to talk back on one of the big stories of the day. today's question in politics, would term limits actually make a difference. carol costello joins us from work. hey, carol. >> hi, suzanne. term limits, oh, hot topic these days. voters are so mad at politicians right now they're saying throw the bums out. in a "usa today"/gol up poll only 24% say most members of congress deserve re-election. that is the lowest percentage in 20 years. but hang on, 56% of those polled think they're own representative deserves another term. in other words, go ahead, throw all the bums out, except mine. well, that's exactly what they're trying to do in wisconsin. in a recall election, voters are deciding whether to kick out six republican state lawmakers who supported governor scott walker's anti-union legislation. i know what you're thinking. if only we could recall the president, or the house speaker, et cetera, et cetera. but we can't. but what about term limits? for example, house members served two years and can get re-elected forever. it means they're constantly campaigning, and maybe voting not for the good of the country, but to prolong their careers, so why not limit the number of terms lawmakers serve? of course that would be admitting that you as a voter made an unwise decision. but i digress. university of virginia professor actually thinks you need experienced people in congress. they know how to work the system, and don't laugh, they know how to deal with those high powered lobbyists. he says a good compromise might be to extend house members terms from two to three years and allow them to serve a maximum of 12 years. so, the talkback question today, in the world of politics, would term limits make a difference? facebook.com/carolcnn. fab.com/carolcnn. >> thank you, carol. we are watching the markets, as stocks rebound from yesterday's nose dive. the dow has been in positive territory since the opening bell. right now it is up by 128 points or so. there are endless ways to interpret what is going on in the markets right now. but as an investor there really are only three things you can do to react. buy, sell, or hold. when some folks see the markets tumble they see it as a chance to pick up some good deals on the cheap. so they buy. for others a roller coaster market is too unpredictable. they want out. so they sell. and then there's the zen masters, the folks who don't worry about downturns and upturns but try to think about their investments in the long-term, so they hold. i'm joined now by clyde anderson, a financial expert and the author of "change your mind, change your life." clyde. you've got a lot to work with here, obviously. >> i love that zen master. >> if we could all just be the zen master, right? but i guess it depends on how much you put in the market. >> yes. >> how old are you. how much time you have left investing. >> exactly. risk is different for everyone. your risk may be different than mine based on their age and when they want to retire. >> i want to bring up some scenarios. various ones so you can help our audience out here. this is betty, she's starting a family, paging off some student loans, she's thinking about settling in her first house. what should her reaction be to the markets right now? >> she should be open to the market, i think buying is a good idea right now. you only were taught to buy low, sell high. the market has been down right now. we're watching it turn around a little bit. this is the time to buy. if you're in this area, buy. >> check out sam. sam is in his 40s. he's working, thinking about selling the starter home, buying something bigger, has a little bit of credit card debt, but he's still working it out. should he buy, sell or hold? >> i think sam should be in a position where he can buy, as well. the thing with sam, he needs to pay off the credit card debt, as well, to make sure he's not paying so much interest over there and earning it on the stock. it will cancel out. if you're paying 12% on a credit card and only earning 6% on a stock you need to get rid of that 12% you're paying out. >> and freddy. here's freddy. so freddy, he's baby boomer, in his 50s. his kids are going to college, his parents are getting a little bit older, need more help, he's starting to feel locked in to his career at this point. so what does he do? >> i think he's in a hold position. he needs to hold but also think about selling as well. the combination. sell with caution. make sure you know what you have, but also look at the big picture and diversify. don't be too invested in bonds or too much invested in stocks, as well. >> finally, jones, jones is a little bit older. she's in her 60s. thinking about retirement. we all want to be thinking about retirement. the kids are out on their own, she wants to downsize her house. >> she needs to make sure she has enough money to live off of for the rest of her life and is she really willing to take this risk, have sleepless nights of worrying what the market is doing. she may want to go into sell now and get 15e6er investments and fixed assets that she can rely on. >> she should buy, sell -- >> she should sell. she should sell, make sure she has enough to outlive inflation, as well. rate of inflation is 3.5%. you want to have investments that are at least outearning that. >> clyde, you've been great. >> we're going to keep you around to answer some questions, as well. a lot of folks have questions about their finances. thanks, clyde. remember we're also going to answer your personal questions about the market. what it means for you. send me your questions at facebook.com/suzannecnn. or twitter, and we're going to bring back clyde for some of those answers. . checking stories from our affiliates across the country. an outburst in an atlanta courtroom startles the judge and everyone else. just take a listen. >> i am going to sentence you for murder to life in prison. >> no! no! no! i'll never see my son again! no! >> michelle nichols, visibly upset after the judge sentenced her son's killer to life with parole. her 19-year-old son was murdered over his smartphone outside a train station last year. smith pleaded guilty and could get out in 30 years. plans to stop random attacks of mobs by young people philadelphia's mayor put kids on a curfew. children under 13 have to be home by 10:00 p.m., teenagers by midnight. the weekend curfew is even stricter in some parts of the city, 9:00 p.m. for everyone under 1. and in the middle of a devastating drought here's a lake in central texas that is not drying out. that is because the city of taylor is pumping its excess drinking water into it to save the wildlife. and we want to go to rob marciano, who is dealing with all of this extreme heat, and are we going to cool down at all? >> well, you know, we're almost done with august. that would help. >> as far as the heat is concerned the other town that's dealing with heat-related drought is kemp, texas, which doesn't have water because of the drought. and, because their pipes are so stressed and old, that they've got a leak. so what little water they have, they're not being able to tap, and so, this has happened before in years past. now they're breaking out the bottled water. so the hits just keep on coming for our friends in texas. and this is the latest. oklahoma and texas was the warmest month on record with the month of july. and for the u.s., it was the fourth hottest july on record. averaging 77 degrees across the country for a 24-hour period. that means we were not warming down -- or cooling down very much during the nighttime hours. that really is what puts the most stress on the body. dallas, oklahoma city, east to parts of southwestern arkansas, heat advisories again today. we're going to see temperatures that will rival what we saw yesterday. which is this. triple digit stuff again. childress, texas, 110, augusta georgia, 103. savannah even towards the coastline. you can't even get a little bit of a respite. a little bit of a sea breeze. today in dallas, 108 today. and we are well over 30 days. if we get to saturday that makes it 43 or 42 days in a row. that would break the record of 100 degree days in a row. we're fairly confident that's going to happen. we'll have at least 100-plus going into through friday potentially through saturday, as well. the rest of the country, at least the northern half is seeing a little bit of relief. and this will sneak down to the south and east. it won't really catch a big part of texas. i'm sorry to say that a lot of texas will still stay where their heat is right now. the cool air will begin to drift south and east and we're seeing thunderstorms pop up from this. this will cause travel delays across i-95 and some of the new york metro areas and boston metropolitan airports as well. short answer to your question is, october for everybody, but some people are getting some relief, but dallas at this and north texas especially can't catch a break. >> all right. a little bit more heat. sorry. thanks, rob. a very special story here. 61-year-old diana nyad attempted to be the first person to swim from cuba to key west, florida, without a shark cage. she was in the water for 29 hours. she made it almost halfway, but had to abandon her efforts after experiencing some shoulder pains. she has an asthma problem. she had to abandon her journey. but she is with us live from key west. she has gotten in front of the camera there, and our dr. sanjay gupta, he's on the phone from kenya. he's been following this story, as well. diana, thank you so much for taking the time. i know you've -- you've been exhausted. this has been an exhaustive journey for you but certainly a dream. how are you doing? how are you feeling? >> hi suzanne. thanks so much for having me. i'd be lying to say that i'm not deeply, deeply disappointed. this was a big dream. not just over the last two years, but for some 30 years ago when i tried it. and i've just had this vision of walking up on that floor shore for so long. and that swim was in me, but the conditions that we met. i suffered a bad, bad asthma bout for eleven hours. never in my life had asthma in the water. and yesterday i started doing 30, 40 strokes, and was so depleted of oxygen, i had to roll over on my back and gasp for oxygen for three or four minutes, so i was limping, and limping along. and i thought, you know what? it's not going to be a pretty finish. i can't be the swimmer i am today because of what i'm going through. but i'll tell you another thing. i was a person i can be proud of. our whole team. we dug down and found some courage. we tried every imag