Closed lower for the first time in 2018. Some are attributing the decline to good Old Fashioned profit taking. Others pointed to nervousness that higher inflation could force the fed to be more aggressive when it comes to hiking Interest Rates. The result was a drop in stocks. The dow fell 16 points. The nasdaq was off ten. And the s p was down three. Investors are paying more attention to the bond market these days. Yields have been rising. That could usher in big changes for stocks and the economy. Steve. Reporter Interest Rates are rising, presentin a challenge to Economic Growth and to the stock market. But some look at the recent rise and ask, what took so long . The fed hiked Interest Rates three times last year. Budged. Tenyear bond yield if fell through much of 2017. It comes amid a report that china is rethinking how much it buys. It comes amid better growth, rising expectations, and a coming boost to the deficit bill, the tax cut bill. Yields are low. They should be higher. T
Looking for their mother. She went missing after deadly rivers of mud rumbled through parts of montecito on tuesday. I just want to have a little hope that shes is out there safe. Reporter homes submerged. Roads impassable from the sludge, boulders, down trees and power lines. Total devastation. Reporter chaotic scene, more than 36 hours after the first slide. Im getting our dogs no matter what. Reporter down the streets neighbors helping neighbors. Crews rescue four dogs from a home sitting deep in mud. Hi. Hi. Its the one bright spot of this otherwise terrible week. Reporter a spokesperson with the Santa Barbara county Department Says the homes here rely on a well for water but that has been damaged. There may be water supply to this area for as long as one year. Reporting live from montecito this evening. Anoushah rasta. Amazing to see the pictures there of destruction. Anoushah has been up loading to her social media site. You can see this content and much more by following us on t
Rescue, the situation playing out in california as mudslides destroy home. Alison and a Second Chance at life. Dogs rescued from the freezing cold and how you can give them a home, next. Now, abc seven news at 11 00, on your side. Alison a younger on her way home from school attacked. In the middleened of the day along a popular walking trail in sterling and the man responsible is still out there. Annalysa gayle has the urgent search before he can strike again. Annalysa just take a look at this area. Protected byd, trees, and it is directly behind a row of houses. This is where the young girl was approached by the suspect, who officers are eagerly searching for tonight. I keep watching to make sure. The trail who should not be there. Annalysa she is keeping a on this trail, her vigilant increased after a middle school girl was touched inappropriately walking to school wednesday. We have not seen anything like that. Annalysa the Loudoun Countys Sheriffs Office has released but of the su
Breadth of the area that has been impacted so terribly by this. It is a massive operation that we have under way still in the searchandrescue mode as mentioned but as we transition and will transition to a recovery mode, we realize that this is going to be a long and difficult journey for all of us. Also today, officials announced that highway 101 between Santa Barbara and ventura will remain closed until noon on monday due to flooding mud and debris. A land slide in napa county killed one person last night. The Falling Rocks and mud smashed into a car and pushed it right off of highway 121. This morning skyfox was over the scene as a tow truck pulled that car up a steep hill. The highway was closed through the night and only reopened this afternoon. It happened in the hills east of the Silverado Country Club and area devastated by the fire last fall. Ktvus rob roth reports. Reporter here niseting of in this setting a somber scene was playing out. The driver was belted in dead. He was
See what happens when the lights go out at the Consumer Electronics show. And president obama sits down with David Letterman and talks about what it means to stay in the pocket. Its thursday, january 11th. From abc news, this is world news now. The nations blflu outbreaks on track to beat records. An aspiring trainer died who was seemingly strong and healthy. The h 3 n 2 strain is causing one of the worst seasons in recent history. Er 65 and very young. R people, reporter 19 month old nathaniel died monday from the flu. He suddenly started coughing and within an hour couldnt breathe. Even the seemingly fit can be faked. This 21 year old aspiring to be a personal trainer died. The family says a simple cold turned into a serious flu. We showed his photo to the doctor. He said cases like this are very rare, but any age group can catch the flu. Certainly its a scary story, but when you look at the overall numbers of people in his age group, this person isnt necessarily at increased risk of