Worrisome development for the oil market. New discoveries of oil at their lowest level in 70 years and explorers are slashing their budgets. Does this mean a supply shortfall is coming . Markets close in about two hours. U. S. Majors are strayeding solidly in the red right now. We see the dow down about half a percent. E s p 500 down about 3 10 of a percent. The nasdaq down as well. We go to the nasdaq in manhattan. Hi there, david. You do have the nasdaq trading down. In fact, just hitting near session lows moments ago, starting to recover. Well see how the next two hours do play out. As for what is dragging today, the worst percentage performer is g3 an apparel and accessory maker. The stock is plunging after the company just had a horrible second quarter. They also guided down, as for the miss in the second quarter, they missed Sales Estimates by 9 . They guided Third Quarter earnings below the street by as much as 28 . Some investors are probably not too surprised. Theres a Short I
Attention to detail. Its got it all. But wait until you hear about the price tag. Join us as we take the elevator all the way up on this final day of august 31st. From abc news, this is world news now. The dangling arms. Its supposed to be my George Jefferson walk. It did not work out at all. Perfect. Nailed it. Nailed it. Drop mike. Good morning. Were starting with the tropics and all thats turning out there. A lot of extreme weather this morning battering the u. S. The atlantic coast, the gulf coast and even in the pacific. Lets forget about hurricane gaston. Its too far out to do anything besides produce rip currents. Depression off the coast of North Carolina and depression nine is heading up the gulf coast. Eight is moving away from the North Carolina coastline, and all Tropical Storm warnings have expired. It may still become a Tropical Storm just unlikely to impact the u. S. But right now in effect for the northern florida gulf coast, there are some Tropical Storm warnings as th
The kayakers had to be pulled from the water by Police Rescue boats. Everyone is safe and going to the hospital. Most of the injuries were minor. An instructor for the Kayak Company lost part of his arm. To the u. S. Open. Serena williams march toward history is underway. She shook off shoulder concerns to win in a little more than an hour. Shes hoping u. S. Open title. That would be a record. If she gets it the title would be her 23rd in a major. That would set a new record for the open era. And tim tebow had mixed reviews as a pro football player, and theyre just about the same as he tries to make it as a pro baseball player. He held a private workout tuesday in los angeles. Scouts said he showed more power than expected but they were hoping to see a better against he last played baseball when he was 17, but clearly he didnt miss chest day or guns day. No. Or arms day. Plenty of bumping iron there. Yeah. A lot of commitment on his part to work out. A lot of commitment on the part of
The kayakers had to be pulled from the water by Police Rescue boats. Everyone is safe and going to the hospital. Most of the injuries were minor. An instructor for the Kayak Company lost part of his arm. To the u. S. Open. Serena williams march toward history is underway. She shook off shoulder concerns to win in a little more than an hour. U. S. Open title. That would be a record. If she gets it the title would be her 23rd in a major. That would set a new record for the open era. And tim tebow had mixed reviews as a pro football player, and theyre just about the same as he tries to make it as a pro baseball player. He held a private workout tuesday in los angeles. Scouts said he showed more power than expected but they were hoping to see a better against he last played baseball when he was 17, but clearly he didnt miss chest day or guns day. No. Or arms day. Plenty of bumping iron there. Yeah. A lot of commitment on his part to work out. A lot of commitment on the part of our local Te
Thank goodness that Mother Nature cooperated. I think the weather was pretty nice for us. Lets get into what you can expect today. Weve got abc 15 doppler here, were scanning the skies. This morning youre waking up with clear skies, 78 degrees right now at phoenix sky harbor. So milder temperatures, these morning lows not bed at all. Later on were going to be warmer, start to dry out a little bit as well. Heres a look at your Labor Day Travel. Take a look at what you ca expect. We are expecting warmer temperatures in las vegas, upper 90s there. 70s out to the west of us. Really nice conditions there. And then over to our east, albuquerque, el paso expecting pretty nice temperatures late summer temperatures there. So 80s in albuquerque, 90s in el paso. Coming up, wore going to break down your valley temperatures hour by hour. Lets get to breaking news overnight, a dramatic water rescue after man crashes his Maryellen Resendez is there right now. Do we know if anybody was hurt. Reporter