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Egyptian people protest president’s power grab

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    Steve Harrigan reports from Cairo

  • Duration 1:53
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Our sponsors or this morning new violence to report in Egypt police using tear gas on demonstrators near downtown Cairo.

Security forces have been clashing with protesters who were angry with the latest decree from president Mohamed Morsi.

-- of course giving himself almost absolute power in Egypt.

Suspending judicial review of any decision he makes it's a move that can bring new instability and the fragile Middle East.

Good morning everyone and welcome to America's News HQ -- -- And I'm mark felt double -- for Jamie Colby it's a move threatening to plunge Egypt.

Into the kind of turmoil not seen since the fall of former Egyptian leader Hosni Mubarak protesters saying more -- has declared himself the new pharaoh.

And -- once again calling for a change in Egypt's ruling regime Steve Harrigan is streaming live from Cairo's do you.

The numbers of protesters beginning to build once again behind me and tires squared the number of several thousand we have seen skirmishes throughout the day.

Between those protesters and police were firing tear gas.

On the street right beneath me hundreds of younger protesters have gathered and it's really been.

A cat and mouse game throughout the day with a police charging and then the use retreating only to come back a short time later.

The military has also begun to use large concrete blocks to build walls blocking -- some alleyways and protecting government buildings as well.

Two things to keep -- judges across the country say they will not go back to work.

It's -- the president reveals his decree or decree which basically puts him beyond the reach of the courts that could shut down prosecutions.

Across the country and finally.

The Egyptian stock market plunged 10% today such a dramatic plunge has not been seen since the days when Hosni Mubarak was overthrown here one year ago.

-- -- back to you Steve Harrigan thank you very much for that live report from Cairo.