Officer involved shooting as were hearing from neighbors that the man who lived in the house was well known from neighbors. They say police free for the house many times over the course of the years, and did not want to go on camera to said but this had the they were not surprised that the shooting took place. At this place as i said that there is not much information to go off of right now but this is the second officer and of shooting and today is. It is very much an active investigation. We will have more information on this story coming up in the morning pam a magnitude 4point0 earthquake rattles the bay area this morning. It struck just before 7 am. And was centered just north of piedmont. However. The quake was felt across the bay area. There were reports of broken clocks and picture frames. But no major damage. The quake delayed bart for about five minutes. As crews checked the tracks. If or when. A big earthquake hits california every second matters. Thats because people need t
Losses. Former dean of Golden Gate University school of business and wall Street Investment banker Terry Connally says much of this was preprogrammed trading taking its cues from asia and europe despite the fact that the u. S. Economy is actually doing pretty well. Its because in part that about twothirds of our market volume is accounted for by computerdriven computerral go rhythms. Whether the economy can deal with the sophisticated fixes needed to stop the hemorrhaging in china. Until they have a game plan to deal with erosion of confidence in both the chinese economy and in the chinese authorities. Now, well have more on that at 5 00 and why it may continue for a while but the average individual retirement for 401 k account stood at 91,000 in may when the stock market hit its alltime high. If that was all invested in the dow jones average it would have lost reporting live, tom vacar, fox 2 news. After friday and again today what is going to stop this . What are the experts saying .
La quinta live from the cbs bay area studios this is kpix5 news. A heart stopping day on wall street, tonight five words of advice for your 401k and apple ceo tim cooks unusual move to calm investors. Tonight investors have to be wondering what is next after getting taken for this wild ride. As soon as the opening bell rang, the dow dropped like a rock. Within minutes it had fallen over 1,000 points, but a midday rally started wiping out the losses, not for long, though. It plunged again closing down 588 points, a drop of more than 3. 5 . Asian markets are off to another shaky start today . Thats right. Since the market in shanghai opened its already dropped almost 6 . The nikkei is also down. For the past three sessions the opening bell has signaled the beginning to chaos on the stock market with the dow, s p and nasdaq taking massive hits. Michelle higgins is an east Bay Financial planner and money manager. She has five words for her investors. Keep calm and carry on. Reporter michel
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China to move toward a more marketdetermined exchange rate. Jill wagner, cbs news, at the new york stock exchange. Today the San Jose City council is expected to approve a plan to finally end the dispute between city leaders and its Public Safety workers. Kpix 5s kiet do is live in san jose this morning with more on the agreement expected to save the city over 1 billion in the next 30 years. Reporter we are hours away from san jose turning the page and closing a painful chapter in its history. This was the San Jose City council set to vote on this new deal at 1 30 this afternoon. Now, as part of the negotiations, san jose will still save 1. 7 billion over the next 30 years by switching to a lower cost Healthcare Plan and also eliminating pension bonuses. Now, after the voters overwhelmingly passed measure b three years ago, san jose has seen a mass exodus of officers retiring or leaving for other departments with sjpd shrinking from 1400 down to just 900 officers. Now, among some of th