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That college's affirmative action plan are constitutional only if racial preferences are the only way to achieve diversity. they say they failed to ask that question in fisher's case. now we are waiting for the supreme court to rule on some other major issues. >> including whether or not gay and lesbian couples have a fundamental constitutional right to marry and whether certain states will still need approval from the justice department before changing voting rules and polling locations. let's jump into a quick check of the markets. ever since the bell rang there's been a red arrow and the ...

Welcome to our viewers in the united states and around the world. world. you're in "the situation room." -- captions by vitac -- www.vitac.com the bell rang and hearts sank. it may not have been black thursday, but it was bad. the dow jones industrial average closed down more than 350 points. it was the worst one-day loss this year. it comes 24 hours after another nosedive t. dow has erased more than 500 points over the past two days. analysts suggest it's because the fed chairman raised fears that the central bank is planning to pull back its stimulus policies. felicia taylor coffers the ma...

"minding your business" this tuesday morning, a recovery on wall street. stocks are set to open a bit higher today. but this comes after a pretty big sell-off yesterday. cnn's alison kosik is in for christine romans. and as we say, yesterday was the worst day of the year. keeping it in perspective, it's been a pretty good year. >> it really has. you really do have to put it in perspective. take a step back from the day-to-day performance and see the triple digit decline of yesterday and take the bigger view. stocks have already had a huge run-up this year, hitting record his almost regularly. ...

This. one of the major places we see reaction is in the markets. let's go to the new york stock exchange. investigators are beginning a new day of trading. question is, how are they going to see this? are they going to bounce back? are they going to look at this as a continuation of some of the worst losses of the year after yesterday's trading in boston? alison kosik joins us from there. allison, they have north korea, they have gold, the bombings, a lot of negative energy if they want to feed off of it. what do you think? >> at this point, stocks rebounding, down 96 points. before the bell r...

Jobs it's been several months in a row of that. economists are telling us that's because of a recovering housing market, at first they thought maybe it was hurricane sandy and some storm rebuilding that was behind a lot of those construction jobs and now they're saying they think it was because of the housing market. couple of things to add, the unemployment rate drops in part because 130,000 people left the labor market. they weren't finding something for them, they stopped looking and left the labor market. you still have 8 million people, don, who are employed part-time but want to be emplo...