Live from the kgo broadcast center. This is abc 7 news. Tuesday training is underway in asia, a day after the worst plunge in over 7 years. So far, its lost 6 . And the necay also dropping. Good evening, im dan laesh. And good gbegin with worries wall street. The dow average dropped almost a,000 points and in the end, it was the worst day in four years, down almost 600 points. And lillian, one sillicon valley power housemaid a move that helped the rebound . Reporter thats right, as bad as it was, it could have been a lot worse, if not for an email from apple ceo, tom cook. Moments later, stocks rebounded, thanks in large part to steve cook. Saying that his company is doing just fine in china, despite the slumping economy. Here was the fundamental assumption that china was impacting their business, when in fact t wasnt. But theeect of the email only lasted so long. The dow down about 3. 5 . The white house asserted calm. I would say the on going strength and resilience of the u. S. Econ
Drivers. Its an earthquake. Like an earthquake . Like an earthquake. Youll know every kind of operation, and the mural, and glasses. She cant imagine the noise when the trains start rolling through, her home is right next to the tracks. The windows to mitigate the potential noise from bart trains, bart is replacing some windows and doors on some homes, adjacent to the tracks. 253 homes have already been completed. Another 6 are almost there. Chen has one question. I dont know why they dont include me. If you have a one story home and theres a sound wall that would in most cases buffer the noise. Bta says it did extensive scientific testing to see which homes qualify for two, sometimes three pained windows and other noise installation tools. Homes next to the tracks, reading above 43 decibels got the treatment. The federal standard is 45 decibels. It was put on before we moved in. Gina kim notices a difference with the new windows. If i open the window its really loud. It makes a differ
Assignment. Investors in china are not getting a break tonight. The index is getting hammered, so far the Shanghai Exchange is off another 4. 5 , but hong kong is up about 1 , and japans nikkei is up is , back here the dow dropped more than a thousand point news the first few minutes of trading and regained in the next couple of hours, in the end, the worst day, down almost 600 points, nbcs david louis said an email from apple came through. Ceo tim cook sent out an email with good news. He told a financial reporter that sales in china because of economy were strong in july and august. That word had an immediate impact. First place it stabilized his stock in the first hour of trading. And that tended to knock about 700 points off the dows loss, at least for a while. By the close, apple business stock was down, 69yearold sarah ward is resetting her retirement goal. Im at the age where im getting close to wanting to retire but with it going down like that, i dont have many more years to c
And lillian, one sillicon valley power housemaid a move that helped the rebound . Reporter thats right, as bad as it was, it could have been a lot worse, if not for an email from apple ceo, tom cook. Moments later, stocks rebounded, thanks in large part to steve cook. Saying that his company is doing just fine in china, despite the slumping economy. Here was the fundamental assumption that china was impacting their business, when in fact t wasnt. But theeect of the email only lasted so long. The dow down about 3. 5 . The white house asserted calm. I would say the on going strength and resilience of the u. S. Economy. Reporter there doesnt seem to be panic here just yet. Just a wait and see attitude. Dont do anything foolish. So, for the moment, i dont do plan to do anything. Reporter but how much more can people stomach. A figure has most people hoping that sell off is coming to an end. And we will bring you the latest when trading resumes tomorrow on wall street. On abc 7 morning news
New this morning, one person rushed to the hospital after a fire in the mission district. Firefighters were called to a building on shotwell street last night. They found flames shooting out of the third floor. Fire spread to another building before crews got it under control. One person is being treated for smoke inhalation. 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. Good morning, kit. Reporter good morning. San jose is set to turn the page and close a painful chapter in its history with the city set to vote on the new deal at 1 30 this afternoon. As part of the negotiations, san jose still on track to save 1. 7 billion over the next 30 years by switching to a lower cost Healthcare Plan and eliminating pension bonuses. After the voters overwhelmingly p