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After week of terror, it's back to work

Pakistan delivers warning to Taliban

Wall Street's bull gets a flag in preparation for Monday's market opening.

(CNN) -- The Federal Reserve on Monday lowered interest rates by half a point, as Wall Street prepared to reopen after the longest suspension in trading since the Great Depression.

Traders went to work as U.S. leaders urged Americans to resume business as usual in the wake of Tuesday's massive terrorist attack.

"We're going to try to return the city as much as possible to normal activity..." New York Mayor Rudolph Giuliani said. "I don't think we can call it normal activity, but kind of approach it as much as possible." (Full story)

The Fed move came about an hour before the New York Stock Exchange was to reopen at 9:30 a.m. EDT. Asian markets fell sharply, but European markets showed some resolve. (Full story)

In Afghanistan, Pakistan's former ambassador to that nation personally delivered a warning to Taliban Foreign Minister Wakil Ahmed Mutawakel on Monday: Turn over suspected terrorist Osama bin Laden in three days or face military action from the United States. (Full story)

About 5,000 people are feared dead in last Tuesday's attacks on the Pentagon and the twin towers of the World Trade Center after terrorists turned hijacked passenger jets into flying bombs, crashing them into the buildings.

Latest developments

• On Sunday, the Justice Department issued two new arrest warrants for material witnesses in connection with the attacks, sources told CNN. The warrants were sealed and no details were made public. Two other material witnesses are already in custody after being detained earlier for questioning in the investigation. (Full story)

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• Returning to the White House on Sunday after a weekend at the presidential retreat at Camp David, Maryland, U.S. President George W. Bush spoke to reporters. "This war on terrorism is going to take a while, and the American people must be patient. I am going to be patient. But I can assure the American people that I am determined -- I am not going to be distracted," Bush said. "Our nation was horrified, but it's not going to be terrorized." (Full story)

• Bin Laden, who Bush has named as the "prime suspect" in the attacks issued a denial on Sunday. "I have been living in the Islamic emirate of Afghanistan and following its leaders' rules. The current leader does not allow me to exercise such operations," bin Laden said in a statement issued to the Qatar-based satellite television network Al Jazeera. (Full story)

• Afghanistan's permanent representative to the United Nations, Dr. Ravan Farhadi, told CNN Sunday his government, which is fighting a civil war against the Taliban, is offering the United States the support of its 15,000 troops in strikes against bin Laden or the Taliban. (Full story)

• On Sunday, Vice President Dick Cheney told NBC that Bush authorized the military to shoot down any unauthorized civilian aircraft heading toward the White House or the Capitol once it became apparent the United States was under attack. Bush said Sunday that "I wasn't concerned about my decision. I was more concerned about the lives of innocent Americans." (Full story)

• Investigators searched an apartment Sunday in Delray Beach, Florida -- the reported home of Saeed Alghamdi, one of the suspected hijackers of the airliner that hit the World Trade Center's south tower. No details of the search were immediately available.

• In New York, several blocks from the ruins of the World Trade Center, a passport authorities said belonged to one of the hijackers was discovered a few days ago, according to city Police Commissioner Bernard Kerik. That has prompted the FBI and police to widen the search area beyond the immediate crash site. A second person whom authorities were seeking as a material witness in the attacks was arrested Saturday and held in FBI custody in New York, a Justice Department official said. (Full story)

• New York on Sunday again adjusted its count of those killed or missing, to 4,957 people. Among the 190 confirmed dead were 37 firefighters, police officers and paramedics. The death toll in the attack on the Pentagon stood at 188.

• New York Gov. George E. Pataki has called a special session of the state legislature to consider enactment Monday of "the toughest and most comprehensive package of anti-terrorism laws in the nation." The package would take effect immediately, he said in a statement.

• Secretary of State Colin Powell said Sunday the Bush administration has not ruled out rescinding a 1976 executive order that bans the United States from involvement in assassinations around the world. "We're examining everything," Powell told CNN. (Full story)

• The Federal Aviation Administration alerted the national military air defense command that a hijacked jet was hurtling toward the Pentagon 12 minutes before the plane hit, but apparently no one relayed that message to Pentagon security, so they did not evacuate building. Senior Defense Department officials told CNN that other government buildings, including the White House and the Capitol, were evacuated only after the 9:38 a.m. impact into the side of the Pentagon. (Full story)

• U.S. Attorney General John Ashcroft called on Congress to amend federal laws so that people convicted of helping terrorists would receive sentences similar to convicted spies. (Full story)

• Sources close to the government said up to 10,000 Afghans may have entered Iran in the past few days as fears grew of an imminent U.S. attack against targets in the country. Iran is already home to at least 2 million Afghan refugees who fled warfare in their country over the past 22 years. (Full story)

• British Prime Minister Tony Blair told CNN that the international community gives its full backing to the fight "between the civilized world and fanaticism." (Full story)

• Russian troops of the 201st Division deployed in Tajikistan have been placed on higher alert, according to Interfax news agency. The Russian foreign minister could not confirm the report, which quoted Defense Minister Sergei Ivanov. The order was given, according to the report, "taking into account the developing situation in the region." Tajikistan's Foreign Ministry denied reports that it would allow U.S. troops to take up positions in Tajikistan for possible military strikes on terrorist bases in neighboring Afghanistan.

• As Americans attended worship services on Sunday, Pope John Paul II offered prayers to the United States and urged those affected by the terrorist attacks to show restraint and commit themselves to peace. (Full story)

• The 34th Ryder Cup, a biennial golf competition between teams of U.S. and European players has been postponed for one year because of the terrorist attacks, the European Ryder Cup board said on Sunday. (Full story)

• In a suspected racially motivated act of violence, a man was questioned by police in Mesa, Arizona, Sunday morning in connection with the Saturday shooting death of an Indian immigrant. (Full story)

• A man was charged with first-degree murder in Arizona Sunday in connection with a series of shootings that police said could be a racially-motivated response to last week's terrorist attacks. Mesa police said Francisco Roque, 42, was being held on a $1 million bond in the killing of a gas station owner, an Indian immigrant who is a Sikh.


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