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units may have activated despite the khouy forces. streaming live nearby the border. what do you know? reporter: there is a major offensive being launched by the rebels from the west of the capital of tripoli. it begin a couple of hours ago. they managed to completely overcome the major base that the khadafy forces had, brigade run by khadafy s second son. they completely swarmed the base. what they do is scooped up thousands of ammunition from their arsenal, rebels running around with heavy weaponry and they sped straight off for the capital. khadafy responded immediately with an angry audio message on a telephone line, calling on few supporters he had to did he send on the capital and to defend it. he called people within the city to defend the city. he has been losing supporters, one by one this past week. it now appears that rebels have now come out and taken on have on the troops. this appears to be, indeed, the final push against khadafy. he appears to be desper ....
moments ago. standard & poors following up with the downgrade of our debt with a downgrade of our mortgage giants fanny mae and freddie mac, not necessarily unexpected but another dynamic to this story. sandra smith is live on wall street with more. sandra tell us a little bit about the market reaction thus far to this news. reporter: jenna, jon it s not good. the markets are royaling right now in light of the credit rating being stripped. they had a chance to adjust to it over the weekend. now a new blow to the markets. fanny mae and freddie mac, their aaa rating has been stripped by s&p. the dow has been plunging triple digits. a 360 point drop we ve seen in the dow today. the nasdaq, the s&p 500 dropping even more. more than 3% drops across the board and it s not just the stock market, an even weaker sign about not just the economy but the global economy, oil prices are plunging today. we are now looking at low prices for oil in the $83 range. it s now nearly $3. j ....
jenna: one of the other parts of this story happened just a few moments ago. standard & poors following up with the downgrade of our debt with a downgrade of our mortgage giants fanny mae and freddie mac, not necessarily unexpected but another dynamic to this story. sandra smith is live on wall street with more. sandra tell us a little bit about the market reaction thus far to this news. reporter: jenna, jon it s not good. the markets are royaling right now in light of the credit rating being stripped. they had a chance to adjust to it over the weekend. now a new blow to the markets. fanny mae and freddie mac, their aaa rating has been stripped by s&p. the dow has been plunging triple digits. a 360 point drop we ve seen in the dow today. the nasdaq, the s&p 500 dropping even more. more than 3% drops across the board and it s not just the stock market, an even weaker sign about not just the economy but the global economy, oil prices are plunging today. we are now looki ....
signs of any new oil leaking from the capped well, we are waiting though for the ultimate fix, that, a relief well to permanently plug the leak, and, not coming until later next month but the tests continue, gulf coast residents, bp, the white house and the country anxiously watching and waiting to see you if this is finally at its end. phil keating live in louisiana with the latest. phil, there seems to be an ongoing debate with the cap, what to do next. what is that about? reporter: well, admiral thad allen says, all along the original plan was to do the integrity test for 48 hours which, of course is now extended to 3:30 everyone this afternoon, eastern time a this afternoon, eastern time and threaten, to have the oil go up to the ships, that has the capacity to collect 60,000 to 80,000 barrels a day but bp s ceo this morning in the teleconference of the technical briefing which is done every day, saying that while the cap is in place, there is no new oil detecte ....