look for more live reports later on america this morning and good morning america. the republican presidential race could get even more crowded by next week. texas governor rick perry who made headlines at a prayer event last weekend could be close to announcing a presidential run. perry will visit at least two early primary states this weekend. aides close to perry say an official announcement could come as early as saturday. now to britain where three men in north london are now charged with the attempted murder of a police officer. word of their arrests comes as violence spreads from parts of the britisis capital to other major cities. britain s prime minister has cut short a vacation to meet with law enforcement and confront the violence. aibts lama hasan reports on how the rioting started. reporter: flames across london. rioters hitting the city, torching buildings, cars ablaze. from the air the fires raged. the violence broke out after a 29-year-old father of f
recession. reporter: meantime, fresh concerns over a spike in summer layoffs has everyone wondering what we ll see in today s july jobs report. it appears wall street is bracing for the worst. i don t think there s any good news. you ve got to give me a reason to buy stocks. reporter: the most poignant thing i ve heard from traders when asking if they fear we ll see another recession, another recession? most of the people i talk to still feel we re in one right now. bixt anna golodryga, abc news, new york. and given the alarming situation on wall street, there s extra attention focused today on the july jobs report which comes out in a few hours. abc s business editor dan arnall breaks down the numbers for us. good morning, dan. good morning, daniel and tanya. the stock market is now officially in a correction, down 10% from april highs. what s driving the massive sell-off is real concern the nation s economy is headed back into recession. growth has slowed and job creation
work. the president wants tax credits for employers who hire veterans facing short-term employment. $2,400 to $4,800 for hiring out of work servicemen and women. in california there is growing outrage over a plan for the state s prison guards to attend a convention on the taxpayers dime. while the state struggles to make ends meet those guards are going to vegas. kabc reports. reporter: hundreds of california prison guards are headed to las vegas this month for their union s annual convention where they ll elect new leaders and get collective bargaining training. they ll receive their full state pay with taxpayers footing as much as $350,000. this is one of those things that makes no sense whatsoever and why i think taxpayersrsre outraged at the sweetheart deals. reporter: the california correctional peace officers association usually reimburses the state for pay involving union activities. but about a decade ago, instead of taking a 1% pay hike like most other publi
whoever they will be. some experts of course as we said had predicted a debt deal that would send the stock market soaring but just the opposite has happened. the dow is now on the longest losing streak since 2008 and we turn to abc business editor dan arnall to explain why stocks are sliding. good morning, dan. rob and tanya, the dow s eight-day losing streak started as congress is trying to solve the nation s debt ceiling crisis. so why didn t the downtrend stop once the president signed the bill? traders immediately turned from the nation s potential default to the slowing economy. a report out on tuesday morning showed that consumers cut back their spending during june. and last friday, a report showed the gdp was growing at a snail s pace from april to june. after an even more miserable first quarter increase. economists say that two-quarters of sub 2% growth means a recession withinin year, almost half the time. those worries push traders into a selling mood. that s unlik
500-pound lawnmower. and then he apparently stripped off his clothes and was peeping into a house. police arrived and clayton fled. that s when gunner, the police dog, chased him down and about that lawnmower if. he told him, i was going to borrow it, cutut my grass and return it later on. anybody who would do something that stupid s got to be doped up or crazy. maybe both, huh? got to be doped up or crazy. that s got to be the sound bite of the day. clayton, that lovely young man, is in the hospital recovering from the bites he received from gunner the dog. he ll face several charges now, including burglary and shocking, itit actually his second arrest in as many months. we do a lot of stories about nude burglars. we like nudes here in the overnight. keeps us up. the south is continuing to simmer under a relentless dome of blazing-hot air. more record highs are expected to be shattered today. so far, at least 12 people have died from the heat in dallas alone.