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Melissa i am melissa francis. The commodities are just getting crushed. Oil and gold are down. We have you covered with live reports from the new york stock exccange and the cme, as well. Lori those of you betting that the house will state the industry from steep spending cuts, well, you may be in for a rude awakening. Melissa Robert Dilenschneider on what he calls one of the worst nightmares any corporation could have. Melissa more bang for your buck. How you can cash in. Lets get you checked in on the stock market. Lets head back to the floor of the new york Stock Exchange. Nicole petallides. Nicole we are seeing the dow, nasdaq and s p all to the downside. We are going to try and hit her that unchanged line. Trying to get an up arrow rather than a down arrow. All three of the major averages, none of them are down or then one third of 1 . The major averages are not budging at the moment. Lets just talk about a couple of things. The mix, the fear index, is to the downside. The lowest
Art. Captioning sponsored by cbs this is the cbs evening news. Good evening im jim axelrod and this is a western edition of the broadcast. 10 people were killed when a fedex tractor trailer hit the bus carrying some remarkable High School Kids from newer los angeles who were on their way to see the campus at california state humboldt. The cash occurred 100 miles north of california. Five student, three chaperones and the drivers of both vehicles were killed. We have more from teri okita. Reporter on this stretch of interstate 5, the only reminders of thursdays horrifying crash is a memorial for the 10 who died and investigators looking for clues. A big clue may have come from this couple, joey and bonnie durand. I looked over and saw the fedex truck coming straight for me, and he was in flames already. Reporter that would indicate that the fedex truck was already in trouble before it crossinto oncoming traffic, clipping the dirands rental car and crashing head on into the chartered sch
To reintensify after being weakened over the mountains. It may get bumped up as we go throughout the day today. Not going to spend a lot of time on this cone because at the end of this hour we will be getting that new path in from the Hurricane Center and well see if this red center line shifts closer to the coast. As far as we have shortterm models we get in about every three hours. And this shows us at 3 00 p. M. Thursday the eye of the storm in eeport in the bahamas, that rcenteright there, thats the eye, this is a simulated radar what it would look like. As we go through tomorrow night around 9 00 p. M. , notice this is the eye of the storm, only 20 miles off the coast, Tropical Storm gusts. So the first strong gust tomorrow late in the afternoon. Then through the overneat hours, this is when its a very close call. This western eye wall is going to be very near indian river, vero beach, melbourne area, palm bay, up through the space coast. Thats during the night thursday. If we get
High watermarks could continue now for not only weeks but potentially months. Where do to get a briefing for the president. Who will be getting a briefing from all those on hand to try to keep this going and try to keep the rescue effort going. We are also hearing separately that the president with cabinet secretary in tow is promising immediate federal leave to any and all who need it. 49 inches of rain right now, good enough for a record in these types of events. More is expected. Rains are pounding louisiana coast as we are told. This on a day gas prices continue rising. They are up at about a 10 cliff, that would be a National Average in terms of the futures market here because of what is going there even if you are not affected by whats going on. The Houston Convention center meanwhile over 9,000 evacuees there. That is double what they could realistically handle. They want to spread the wealth to other centers and other texas cities and towns. San antonio chief among them are all