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>> hey, fredericka. the losses are holding steady. the dow down about 436 points. they're off their lows of this session where we saw the dow down as much as 500 points. this is coming after morgan stanley kind of set off an alarm bell saying that the u.s. and europe are looking like they're getting close to going into a recession. morgan stanley also downgrading its growth forecast globally for this year and next. also not helping we got a bunch of economic reports here in the u.s. one on jobless claims showing a rise in jobless claims, the jobs area something that this economy real...

the jewelry district, and it's popularly known as the diamond district. it's made up as narrow lanes and alley ways, and usually very, very crowded. especially at rush hour. and at the scene right now, there are lots of police personnel over here, and lots of journalis journalists, and curious on lookers. the police are trying to clear the area and get everybody away. we have seen shattered glass on the ground. and the police have covered some cars at the moment, and a few are addressing the journalists at the moment. it's a chaotic scene. >> can you walk us through the targeted area...