! 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. abc s abby boudreau is there. reporter: in a city paralyzed by 32 consecutive 100-degree days there s at least one business that s booming. you are basically the only person in texas who lo
boehner s plan would raise the nation s debt limit for half a year. senate majority leader harry reid s plan would raise it to 2013, past the next election. but neither is gaining steam. rob and tanya. funny how the town somehow got interjected in the debt ceiling. what do you think about playing that movie there? i guess it s a way to inspire and motivate the troops. is it really time for movies? let s get on with it. that s right, let s get it done. all the stalemate in washington is already having an effect on the economy even before a default. after the dow dropped 200 points, overerasasarkets this morning are already plunging. investors are flooding their brokers and advisers with calls. our coverage continues with abc s business editor dan arnall. good morning, dan. reporter: good morning, rob and tanya. investors have certainly taken notice of what s happening or not happening in washington. the stock market marking four straight days of losses, down 422 points s
threat to america as their affiliate in somalia, that according to u.s. counterterrorism officials. the group known as al shabaab has even been successful in recruiting westerners. al shabaab is recruiting inside american mosques in somali communities in minneapolis and san diego according to the justice department. reporter: congressman peter king, chairman of the committee on homeland security, held a hearing on the increasing threat. the terrorist training camps run by al shabaab teach their participants how to kill people and so the ability of one of those individuals to return to the united states and to put into practice thaha training isa threat. reporter: abc news has learned that before he died osama bin laden was secretly earning al shabaab to target the u.s. at least 40 somali-amemecans have trained and fought in a civil war in their homeland in the last three years, including three suicide bombers. as many as two dozen remain unaccounted for. probably th
dollars into the money markets. and back home, wall street has seen quite a selloff. joining us is abc business editor dan arnall. thank you for being here. morning to you. we were talking about how really being tokyo is a banking hub, number one, and banking is not an isolated sort of country-specific industry, so how will this have a global impact? we ve seen more than $1.6 trillion in investor wealth disappear over the last two days as a direct result of the fears. that this earthquake and tsunami have generated around the world. it s something that s definitely felt have where. probably more immediately for folks in the u.s. because of the big stock market hit. you say the central bank step in and pump in a lot of money in the situation and prevent things economically from getting in too bad of shape. that s exactly right. the central banks in this case will step in, put enough cash in there to make sure the financial system is sound, even while the reactor is melting d
big names like toyota and sony which are going to be around. people buying their stuff no matter what happens. those are still safe bets and people should be watching those stocks as well. before the crisis in japan, we were watching libya and the strong impact on gas prices but we ve seen those prices come back down because of japan. right. $97 a barrel, a few days earlier it was $103. japan is a huge consumer of oil off the global markets. their demand goes down, consumer prices go down. thank you, dan arnall. we appreciate that. thank you for your insight. h@h@@