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who they have in custody but they are hoping to throw the book at this person and other whose are in connection with the shooting debt of carlos nava. the toddler was sitting in his stroller when gang members drove up and started shooting at two men. the boy was caught in the cross fire. >> we do have someone in custody that -- of the person of interest who may be closely tied to the incident, as well as we have critical evidence that we have possession of that i think will lead us to a conclusion of the case. >> we have someone in custody. we have had hemip custody for a couple of h...

sinking 401(k)s are putting new pressure on the president just as he prepares for some r & r. >> abc's karen travers joins us live from washington with the latest numbers. >> reporter: good morning. the credit downgrade, weak job creation and of course this wild ride on wall street, it's easy to see why americans are so pessimistic and why the president's poll numbers are falling.g. the global market whiplash continues. asian markets sell keeping up their pattern of mimicking the u.s. markets from the day before. the latest cause for sell-off, concerns that france, europe's third lar...

who they have in custody but they are hoping to throw the book at this person and other whose are in connection with the shooting debt of carlos nava. the toddler was sitting in his stroller when gang members drove up and started shooting at two men. the boy was caught in the cross fire. >> we do have someone in custody that -- of the person of interest who may be closely tied to the incident, as well as we have critical evidence that we have possession of that i think will lead us to a conclusion of the case. >> we have someone in custody. we have had hemip custody for a couple of h...

drop of almost 5%. it's the lowest close for the market in two years. so far this year, the dow has lost more than 7.5%. and the asian markets are also wobbling but appear to have stopped the bleeding. both tokyo's nikkei slipped, hong kong's hang seng fell about 1% although the markets saw some slight gains. joining us in in new york with more on the markets is alexis christoforous from "healthwatch." >> good morning, randall. >> this sell-off didn't start a few days ago it began a few weeks ago. >> there's been no rest for the weary on wall street. >> who is driving it? >> it's two...

more than 1% today. hong kong's hang seng is up significantly in late trading and in london the ftse opened on a positive note. and on top of that, renewed confidence following yesterday's big gains. abc's karen travers has details. >> reporter: asian markets came roaring back today spurred by yesterday's surge on wall street. >> people are regaining their senses and look at the stock markets s d find good value. >> reporter: yesterday an unprecedented pledge from the federal reserve to keep its key interest rate atts record low near zero for two more years. it was much needed welc...