pelley" is next. captions by: caption colorado comments@captioncolorado.com >> pelley: tonight, heading for the exits. fear of higher interest rates has investors around the world dumping stocks. the dow has its worst day of the year. carter evans is on wall street. nancy cordes is at the capitol with a new immigration reform deal that would flood the mexican border with federal agents. after child hears for the first time in his life. >> daddy loves you! dadly doves you! >> pelley: dr. jon lapook on the medical marvel that made it happen. and ben tracy on the man that brought tony soprano to life. >> if you can quote the rules you can obey them, you hear me? >> pelley: remembering james gandolfini. obey them, captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening, investors pulled more money out

of the stock market today and as they did prices plunged. the dow lost 353 points, the biggest one-day point drop since november of 2011. the index has now fallen 559 points, or more than 3.5%, since yesterday. but it's important to remember it is still ahead in double digits for the year overall. but what has the market so rattled? carter evans is on wall street for us tonight. carter? >> reporter: scott, the selling started yesterday when fed chair ben bernanke said for the first time that the federal reserve may soon start slowing its stimulus program, possibly by the end of the year. but today the big concern here on wall street was china. the once-booming chinese economy-- now the second-largest in the world-- is beginning to slow down. wall street is worried that the chinese government is not acting fast enough to boost its economy by injecting cash into a tight cred

chinese banks have become reluctant to lend to each other. overnight, interest rates shot up by double digits according to wall street trader ben willis. >> this is a natural correction we've been looking for. we can blame it on ben bernanke, we can blame it on china, we can blame it on greece. >> reporter: but with credit tight, investors who r worried chinese consumers won't be able to buy as many goods from the west, hurting other economies. but willis remains optimistic seeing opportunity if falling stock prices >> we love this. this is what we live for when you have this kind of volatility. this is a dream for us. that's why you're in the business. >> reporter: this is when you make your money. i >> exactly. >> reporter: and with the dow rising more than 12% so far this year, stocks were selling at a premium so, scott, many investors see this plunge as an opportunity to buy shares at a discount. >> pelley: carter evans at the new york stock exchange. thank you, carter. so why would the federal reserve roll back the stimulus program that has been buoying the economy for years now? well, the answer is economy t

economy's getting better and, in some places, it is booming. dean reynolds reports tonight from one of those places in minnesota. >> reporter: it's a short bike ride to work for chris dillman, but time enough for him to count the blessings of living where unemployment is 3%-- less than half the national average. >> thank you for calling. >> reporter: he works as a technical support specialist for digi-key, an electronic parts distributor for smart phones whose growth exploded after its switched from mail order to internet sales. is do you feel fortunate that you got a job here? >> yeah, i'm fortunate! (laughs) i'm not here because of just the money. it's the other things. it's the small town atmosphere. the way that you can walk down the street, you can strike up a conversation, that type of mentalqw. >> reporter: he's talking about thief river falls, or t.r.f. as they call it around here. population 8,500 and counting. digi-key will hire 150 workers this year.

neighboring arctic cat has expanded its product line from snowmobiles to all terrain vehicles and will add 75 more jobs to its assembly line. nearly half the town works at one plant or the other. maryel anderson is a local realtor. >> the real estate market is hot right now. >> reporter: and that's why? >> because we have jobs. we have employment here. you know, i really hope that our supply can keep up, kind of, with our demand. >> reporter: do you think it can? >> i do worry that it could affect our major employers because we don't want them to leave, that's for sure. >> reporter: the short supply has compelled the companies to offer free bus rides for workers as far as 60 miles away. with five buyers for every house prices have risen from the usual 2% to 3% annually to 15% last year. and while that's tough for entry-level workers on $30,000 a

year, that kind of money goes a long way, way up here. after being outbid on five different homes, dillman and his two sons have finally purchased this one after getting a tip. yours wasn't technically on the market. >> no. like i said, right place at the right time. >> reporter: they move in next month. dean reynolds, cbs news thief river falls, minnesota. >> pelley: long time coming. well, there will be thousands of new jobs at the u.s. border patrol if an immigration reform deal that was hammered out today eventually becomes law. the u.s. senate is working on an immigration bill that would give millions of illegal immigrants a chance at citizenship. to win over republicans, negotiators today added a military-style surge for the southern border. nancy cordes has been tracking all of this for us all day on capitol hill. nancy? >> reporter: scott, this deal was worked out by about a dozen senate republicans and it could be a turning point because the

sweeping immigration reform bill has been up for consideration will not become law without more republican support. the compromise worked out by senate republicans spares no expense to fortify the southern border. it would double the number of border patrol agents from 20,000 to nearly 40,000. it would fund the completion of 700 miles of border fencing. and it would blanket the border with infrared ground sensors, thermal imaging cameras, and drones. tennessee republican bob corker led the negotiations. >> i don't know how anybody can argue that the reason they're not supporting this legislation is because we haven't addressed securing the border. we have addressed that. we've addressed that in spades in this legislation. >> reporter: nevada's dean heller was among the converted. >> needless to say i was one of the skeptical senators, republican senators that this

amendment -- the work from these two guys brought me into this process. >> reporter: the $30 billion plan would establish a system at airports and seaports to identify visitors who have overstayed their visas. all of this would have to be installed operational before the nation's 11 million illegal immigrants would be allowed to gain it is citizenship. but they would be able to gain temporary legal status in the meantime, as must for democrats but a deal-breaker for some conservatives like louisiana's david vitter. >> it's an immediate amnesty, an immediate legalization. and then this attempt at enforcement after that. we need to fundamentally reverse that order. >> reporter: the plan is still being finalized and should get a vote next week. the hope here is that a big bipartisan victory in the senate will help to win over skeptical republicans in the house who favor a piecemeal approach to immigration reform that does not include, scott, any pathway to citizenship. >> pelley: nancy, thank you very

much. there's a new effort this evening to bring peace to afghanistan after nearly 12 years of war. the u.s. wants to meet with the enemy, the taliban. but there may be a hitch. today the taliban proposed swapping prisoners, offering to release u.s. army sergeant bowe bergdhal, who's been a p.o.w. for four years, in exchange for five taliban being held at guantanamo bay. margaret brennan is our state department correspondent and, margaret, is that a deal that the united states could accept? >> reporter: well, scott, no formal proposal has been made yet but the u.s. negotiators do expect one. sergeant bowe bergdhal has been held for nearly four years. he's the only known american prisoner of war in afghanistan. of the five taliban commanders at guantanamo bay, two of them are senior level, allegedly, with ties to al qaeda and taliban leader mullah omar. so the taliban says this

prisoner swap needs to happen before talks can begin. but the secretary of defense would have to sign off on any release and he has not done that. >> pelley: peace talks are never smooth, but do you think these talks are going to happen? >> u.s. negotiators tell us they still plan to meet with the taliban in the coming days, but the envoy leading those talks is still here in washington. this has gotten off to a very rocky start. the taliban opened an office in qatar earlier this week and they tried to present themselves in an alternative government. they even flew the old taliban government flag, tried to make it look like an embassy. and that infuriated afghanistan's president hamid karzai. he immediately called off the talks. u.s. negotiators say they'll still meet with the taliban, but they want karzai to be part of those peace talks. not clear that's going to happen scott. >> pelley: margaret brennan at state department headquarters. thank you. now for the favorite story of

everyone here in the newsroom today. it comes with the most amazing picture that we have seen in quite a while. here's dr. jon lapook with a medical miracle. >> daddy loves you! >> reporter: this is three-year- old gray son clamp hearing his dad for the very first time. >> daddy loves you! daddy -- yes! you hear! >> reporter: it's moments after doctors turned on his new hearing system. nicole clamp is gray son's mother. >> overwhelming joy to see your child hear for the first time. i don't think i have any other word that can adequately describe what that felt like. g reporter: grayson was born completely deaf because he lacks the nerve that sends sound from the cochlea-- part of his inner ear-- to his brain. mal hetors had to bypass the body's normal hearing pathway. a device on his ear collects and transmits sound through wires threaded through the skull. nnose wires connect to an implanted electrode that sits in

an area of the brain stem that n dr. crs hearing. head and neck surgeon dr. craig >> hman performed the surgery. >> he responds to things like music, responds to voices, teachers have noticed changes and they've also noticed that he's started to use his voice a bit. >> reporter: the procedure was approved for adults in 2000. it's still experimental in children and grayson is among ch the first to receive it. dr. buchman says the device may on youngter on younger and more adaptable brains. >> we know children's brains are more plastic. they're able to tolerate more things than we thought children would be able to use the information in a better way. >> daddy loves you! >> it melts my heart to hear his voice because any mother longs to hear her child's voice and for him to finally start using it is this -- it's so amazing to me. >> reporter: we're told the sign grayson made when he first heard his dad's voice means "voice." doctors hope grayson will have normal hearing but it will take

time for his brain to figure out how to interpret the new input it's receiving. it as his mother told us, he doesn't know quite yet what to do with all that sound. >> pelley: john, if they're connecting technologies directly into the brain, what are the possibilities here? >> it's going in other fields also. for example, there's an e, trimental device, scott, for ntal d who are blind. glasses that collect light waves from the outside and go right around the damaged eye directly to nerve cells in the back of the retina and then on to the brain. >> pelley: amazing. john, thank you very much. a jury has been seated for the murder trial of george zimmerman. massive explosions level a fireworks plant. and we'll never forget this reunion after a tornado ripped through moore, oklahoma. we'll go back there when the "cbs evening news" continues. continues. break a leg!

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>> not being able to get myself the time to sit down and process everything that's happened. right now family comes first and getting everyone squared away is what's most important. >> reporter: the fishers are among 3,000 displaced people in moore. more than 1700 homes and buildings here were damaged or destroyed. the city of moore has cleared 59,000 tons of debris, but another 90,000 tons remain. >> unbelievable. >> reporter: barbara garcia's home of 45 years is rubble. we first saw this 74-year-old three hours after the twister hit searching for her schnauzer bowser. suddenly there he was. >> oh! oh! >> reporter: your house had fallen down, but the house meant much less to you than bowser? >> i'll take bowser. >> reporter: every time? >> every time. >> reporter: more than four million people have seen the cbs news reunion video online. many have given to a fund that

has raised more than $61,000 to build garcia a new home in moore. she had no insurance. >> even though i've lost, i have gained so much. this has shown me how many good, good people are out there. >> this is what we own. >> reporter: john fisher and his wife afton also plan to keep their family in moore. moore's had four major tornadoes since 1999. why would you rebuild in moore? >> it's our home. if you've seen the community and how they come together, who wouldn't want to live there? >> reporter: by august, moore officials hope to have all the debris cleared. then rebuilding can really begin. mark strassmann, cbs news, moore oklahoma. >> pelley: well, the weather is hot and windy through much of the west, tough conditions for firefighters battling dozens of wildfires in seven states. the forests are bone dry after more than a year of drought.

this fire in the national forest in new mexico was started by lightning nearly two weeks ago. it's now grown to 57 square miles. another tragedy is unfolding this evening in northern india where maybe a thousand people have died in a monsoon. have a look at this. a truck tumbles into a gorge. thin a car was swept away by floodwaters. houses slid down cliffs and into rivers. the indian army has sent 10,000 solders to rescue victims. of all the queen's horses, this is the first to win the biggest race of all. that story is ahead. ♪ hands, for holding. ♪ feet, kicking. better things than the joint pain and swelling of moderate to severe rheumatoid arthritis.

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all but one of them are white. zimmerman flames he shot martin in self-defense. opening statements in the trial are set for monday. there were several powerful explosions today at a fireworks warehouse in canada. two workers were killed and smoke shot high into the air. the fireworks were heard for hours. two buildings were destroyed at the plant west of montreal. there's no word on the cause. there was a royal winner today at the famous races at ascot in england. queen elizabeth's horse, estimate, took the gold cup. granddaughters beatrice and eugenie cheered from the stands for their father, prince andrew, as he presented the trophy to his mother. the race has been run for 207 years and this is the first time a reigning monarch's horse took first place. tony soprano was the head of a very different family. we'll remember the actor who played him, next.

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a big surprise. the energy company sparking thousands complaints. next on kpix 5 weather talent appears at wx center with generic pinpoint filling monitor then we take >> pelley: in rome today, the head of a hospital energy room said doctors tried for 40 minutes to revive james gandolfini before he died so unexpectedly last night. the cause was cardiac arrest. gandolfini was 51. ben tracy has more about the actor who created one of the most dynamic characters in t.v. history-- tony soprano. >> i'm in the waste management business. everybody immediately assumes you're mobbed up. it's a stereotype and it's offensive! >> reporter: james gandolfini was all about defying stereotypes. he had bulk and baldness but still became a leading man. >> like popeye says "i am what i am." >> reporter: and as tony on the hbo hit "the sopranos," he was a mob boss who could barely manage his own family.

>> carmella! what the (bleep) are you doing? >> reporter: in 2005, gandolfini told bob simon that some of his own personality became part of the act. >> i have a little bit of a temper but it's a useless temper. (laughs) it doesn't accomplish anything it's just ranting and raving. all the writers are vampires and they'll look around and they watch you when you're not even thinking they're watching you and they'll slip stuff in. >> reporter: but dominick chianese, who played uncle junior on the show, remembers another side of gandolfini. >> great actor. everything showed on his face. every little nuance. i miss him as a friend. he was a friend to everybody. >> reporter: before his now iconic t.v. role, gandolfini was a character actor in several films. >> you better get used to that. >> reporter: he also found success on broadway in the play "god of carnage." >> i did not murder the hamptons. >> reporter: but "the sopranos"

is what made gandolfini famous. playing tony earned gandolfini three emmys. >> i think the academy has an affinity for slightly overweight bald men. >> reporter: at 51, he was still in his prime, working on three major new television projects. >> it's a little hard to believe that this wonderful, kind, compassionate man, a light has gone out in the world. this guy was so compassionate. >> reporter: those who watched james gandolfini knew he was a great actor. those who knew him called him a great man. ben tracy, cbs news, los angeles. >> pelley: and that's the "cbs evening news" for tonight. for all of us at cbs news all around the world, good night. world, good night. captioning sponsored by cbs $-%p captioned by media access group at wgbh access.wgbh.org

>> your realtime captioner: linda marie macdonald reliving the final hours of oscar grant's life. the first bay area screening of the film depicting his death tonight in the city where it all went down. >> good evening, i'm elizabeth cook. >> i'm allen martin. it was a deadly police shooting that triggered riots, put an officer behind bars, and it has become a rallying cry. tonight, the oscar grant story makes its movie premiere in oakland. kpix 5 reporter christin ayers live at the grand lake theater ahead of tonight's private screening. >> reporter: this is a private screening but you can kind of see how many people have shown up. there are lines outside and around the building tonight. this is a film by first-time

feature filmmaker ryan kugler. he is an oakland native. it has star power behind it. forrest whitaker produced it, octavia spencer plays oscar grant's mother. this film has already received buzz in the film circuit. it won awards two of them, the audience award and the grand jury award at sundance this year. it made waves at cannes a couple of weeks ago. kugler tried to stay true to the story including scrapes he had with the law but this movie recounts the hours leading up to his shooting at the hands of a bart police officer in 2009 at the fruitvale bart station. grant's family actually consulted on this film and we hear his mother will make a cameo appearance at one point in the film. we have had a chance to hear what the family thinks of the film so far and so far, they have had some positive reactions. >> officer mehserle the one who sh o