Williams of dollars in market value gone in minutes. I am frank sommerville. We will hear from an expert who says, dont panic. But first the numbers from today. The dow was off 588 points, but that was actually an improvement after being down more than 1000 points at the beginning of the trading day. The nasdaq lost 179 points. The s p lost as well. All of this on top of big losses last thursday and friday. The Chinese Market has been setting the tone. It is tuesday there and investors are once again selling off. The shanghai composite was down for percent in morning trading. Australia and korea were in positive territory. The dow and nasdaq are off 13 . The snp 500 is off 11 . S p 500 is off 11 pit percent. So what is the smart strategy Going Forward . We have Ken Pritchett live. Reporter volatile would be a fitting word to describe the us market today. We have seen it all day long. That was the selloff rational given a relatively healthy economy . Shortly after the opening bell, the
But so far, apple is unwilling to budge. Inside these cupertino offices apples ceo tim cook is making his stand on the apple website today posting a message saying why he will not help investigators hack into the iphone of San Bernardino mass killer syed farook. Quote, the u. S. Government has asked us for something we simply do not have and something we consider too dangerous to create. They have asked us to build a back door to the iphone. In a recent 60 minutes interview cook said. The reality is if you put a back door in, that back door is for everybody, good guys and bad guys. Reporter no one knows for sure if farook and his wife had help from worldwide terrorist organizations when they planned and murdered 14 people, why they picked the target or if more attacks are planned but investigators think farooks iphone found inside this suv after the couples fatal shootout with police could hold the answers. We still have one of those killers phones that we have not been able to open. I
Secondstory apartment here behind me. The investigation into the cause is now getting underway. The flames burn hot inside the unit once the fire broke out around 11 30 p. M. Two adults and they four yearold child made it out of the apartment but this baby did not. We are confirming there was it fatality in the fire, the victim was under one yearold. Neighbors were awoken by the commotion. Once the fire was out, news about the baby spread. We felt bad about that. The building where it happened was blocked off with yellow tape today and arson investigators are not ruling anything out. Anytime we have a fatality, we want to preserve the scene. This fire did spread to next door. There is heavy smoke damage but the apartments below will be habitable once cleaned. Strong and gusty winds accompanied by heavy rain have brought down trees around the area. Take a look it look at some of the damage around the Oakland Hills today. Crews had to use chainsaws to cut up and remove a large tree that
Added millions to the demolition price tag. Now the smelt threatens to do the same. And in that, even conservationists see some irony. The greatest threat to the long thin smelt is the lack of freshwater flowing from the Central Valley rivers through the delta and into the San Francisco bay estuary. Reporter and if you want to compare threats to one species of fish implosion at the bay bridge could be a knife wound to this fish. The lack of flows coming through the delta and into the estuary is a shot to the head. Reporter we just spoke with fish and wildlife reviewing the permit application and we are told its likely to be approved. So the implosion is still on. For now. What we dont know is if smelt concerns will deliver a larger price tag and remember, the lower cost was one of the big selling point for the explosives. There could be a Seismic Shift in labor in Silicon Valley. More companies could follow the lead of apple and push for workers to join unions. Kpix 5s len ramirez on w
Placing compatible uses together can add convenience, support social encounters, and build lasting bonds. Just look at East Oakland’s Tassafaronga Village.