Katrina, a look back at the storm that devastated new orleans and part of the gulf coast. We begin night with unease by Global Investors as stocks start in the red. Markets in hong kong and china are dropping. Japans nikkei is dropping another amount as well. Slowing economy, the wall street journal says that chinese is pumping money into the markets to ease drops there. Week saw major lasts that followed 530 point drop. U. S. Markets havent tropped that far that quickly in four years. Were going to have much more on this story, coming up a little later in our broadcasts. We go to france where three american men are going to be recognized for acts of bravery, french president Francois Hollande will present them a medal of bravery, this man they subdeed wasubdued had hundreds s of ammunition. When most of us would run away, spencer, anthony and alex ran in. Is. It was either do something or die. Reporter Airman First Class Spencer Stone and alex scarlatos, are being recognized as heroes
These thunderstorms dont really relieve any of the heat and humidity. If you head to the linc, factor in the humidity levels, heat index in the 90s. Ill talk about when relieve is finally on the way in the full accuweather forecast. Thank you cecily. In the meantime, use stormtracker 6 live double scan to keep an eye out for the popup storms, its one of many tools available 24 7 at 6abc. Com weather. And stay connected with our meteorologists on facebook and twitter. We have breaking news to get to right now, a live look right now from the grown as a gas main caught fire in atlantic county, the action cam is live on the scene in Egg Harbor Township just off the garden state parkway at stillman road, the flames are billowing up into the sky. No one is hurt at this point and gas and power crews are on the scene shutting off the goods main and trying to get this one under control. As we get more information well pass it along in our newscast. Brand new at 4 00, police say they caught one
Steve testing for lead in new york schools, the mayor saying that officials may have known about the problem, but first we have to talk about the weather. Dari because justs spring is starts this weekend, we may be in for snow, we get to nick gregory. Nick march has surprised. A spring officially arrives on calendar 12 30 in morning sunday, this storm is headed to sea. That is not energy, but energy will come in off of the pacific driving down from northern plain states, end up here, storm as we head to the saturday to sat saturday nighttime frame, that storm will move in, High Pressure is moving down, establishing a cold feed of air from the north and east, then here. Cold in place that storm gets moving, it looks like right about this fashion here, close enough that well talk about snow up from washington, d. C. , philadelphia to new york city to new england. The question, is there any rain at start of sunday afternoon . I think that chance will be small, heavier snow could be sunday
Prices for the redemptions. This has roiled through this high yield space, as Many Companies have gigantic amounts of debt. They took on during the days of easy, cheap credit in the housing days. Those days are over. And these junk bond funds, particularly the mutual or open funds, are proving to be disastrous investments. I urged you is to sell the stocks of any companies that are borrowing money to pay their dividends, which is the case of many of the oil companies. Now im including a mustsell for any mutual fund where you are risking your principal to grab a little extra yield. A mustsell. Ive urged you never to reach for yield since the show began. I am reiterating that admonition lets go to next weeks game plan. First, well be on the lookout for more stories about Mutual Fund Redemptions just like we had today. Theyre going to dominate the headlines, because Financial Advisors all over the country were calling their clients all day today, urging them to sell junk bond funds so the
Some gains. Remember, we were up big yesterday, raising some cash. Were still very close to the highs. Dont say i didnt tell you at the top if youre just a couple of percent away. Yo tonight im going to the mattress. Not rely. Stay tunun. Any of the purveyors of the plush, well see if theyre worth owning. Then, a meal ticket out of chinas middle class. Is yesterdays spinoff good news . Plus two of corporate americaa oldest institutions and they just had a merger. Dont miss my take on dowdupont. Todays news. And you know what i suggest you do . Stick with cramer announcer dont miss a second of mad money. A follow jijiramer on twitter. Have a question . Tweet cramer, madtweets. Send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc. Head to madmoney. Cnbc. Com. I have asthma. One of many pieces in my life. So when my asthma symptoms kept coming back on my longterm control medicine, i talked to my doctor and found a missing piecec ininy asthma treatment. Oncedaily breo p