Our still growing, recovering economy. Nobody wants to buy until they know which way the coin flip with the fed is going to come back. Reporter a pullback or correction of 11 is neither serious, nor unexpected. We havent had a 10 pullback in a long time. This has been an incredible bull market. I think this sets a natural course of action that Something Like that could happen. Reporter still, many investors worry, does the risk of a global downturn impearl the stillgrowing u. S. Economy . On all of these worries, the credibility of the Federal Reserve worldwide hangs in the balance. The absolute worst would be if they raised rates in september and then turned around and had to reduce them in november or december because there was a worldwide recession going on and it was affecting america. Reporter now, the average individuals retirement account stood at about 91,000 in may, the average account. If all of it was invested in the Dow Jones Industrial average, it has now lost 10,000 if al
To have two in one year that are like this is just its something i cant even fathom. A massive fire in the same spot not once but twice. And hours after this fireball in the east bay crews remain at the scene tonight as an unstable crane has residents on edge. Its scary. First of all, we dont know what to expect, what every day, you know, will bring. Good evening. Im eric thomas. Crews are working right now at the scene of that massive fire in emeryville. The fire starte around 5 00 this morning at a construction site that has now burned twice in one year. 18 hours later the fire is still smoldering in some spots, and theres also an unstable crane in the middle of the burn area. Abc 7 News Reporter lisa aminute galician joins us live from the scene at adeline street. Whats happening now, lisa . Reporter eric, this situation is still very unstable. The heavy equipment arrived a short time ago and we were forced to move back to this area in case that crane falls. The man is to dismantle
In fact, some of the green on your screen representing the possibility of a light shower. Notice again temperatures on the cool side. Well talk about this incoming system, yet another one that could bring us some showers and a look at a warmup in the sevenday outlook in a few minutes. Both directions of fremont boulevard at paseo padre parkway in fremont are closed after a crash that left one person dead and injured three others. Fire Officials Say a driver was making a uturn when another car possibly ran a red light and hit that car headon. Officials say speeding was likely involved. Two victims are at the hospital in critical condition. The third victim has been released. New details on the massive fivealarm fire in emeryville. Fire crews safely removed an unstable crane that burned at a construction site. The fire started around 5 00 yesterday morning at the location thats now burned twice in one year. Just after 2 00 this morning, the Alameda County Fire Department tweeted the crew
The day. Maybe a popup shower in the north bay. Otherwise 50s to upper 60s with breezy winds once again. Well talk about our first half of the week trending cooler than average. Our second half much warmer coming up. Now to breaking news out of fremont this morning. The northbound lanes of fremont boulevard between paseo padre parkway and ferry lane are closed right now after a crash that left one person dead and injured three others. One southbound lane has reopened. Fire Officials Say a driver was making a uturn when another car possibly ran a red light and hit that car headon. Officials say speeding was likely involved. One victim is in serious condition. The other two are expected to be okay. New details on the massive fivealarm fire in emeryville. Fire crews safely removed an unstable crane that burned at a construction site. The fire started around 5 00 yesterday morning at the location thats now burned twice in one year. Just after 2 00 this morning, the Alameda County Fire Depa
Engulfed. Just got really hot really fast. The sky was red. It was beautiful but it was scary. Reporter burning embers rained down on nearby houses causing many spot fires. It looked like snow on fire. Felt like an apocalypse almost because they were all over the place. Reporter firefighters say the embers sparked this roof fire about two blocks away from the original scene. Mothers day weekend and its sad. Youre ruining peoples property. Reporter back at the main scene, it took firefighters more than an hour to bring the 5 alarm fire under control. All the neighbors suspect arson. This is the second time. This isnt by accident. Lightning dont strike twice, not in the same spot. Not the same complex. Somebody just dont want to see that building going up. Reporter construction worker cruz had the same suspicion. Its gone. Everything is gone. Everything that we did, its gone. Reporter he left the building around 3 30 yesterday afternoon. He says they already finished all 6 floors and put