Nightly Business Report for thursday may 29th. Good evening, everyone, and welcome. Stocks rose again today with the s p 500 ending at yet another fresh alltime closing high. And the dow, within 17 points of its own record high, this happening despite the numbers showing this year. The Gross Domestic Product showed a must worse is decline with the wicked weather getting much of the blame. But wall street was unfazed. Stocks got a big boost in jobless claims last week which are now back at prerecession levels and there was also a modest pending home sales in april. That was the second monthly increase in a row. Dow up 65. Nasdaq higher excuse me, the s p 500 added ten to close at the new alltime high of 19. 20. And bench mark with the 11month lows with the trading at 2. 4 . So what gives . Why are stocks at near record three times since last year, how is the economy counting on growth in the year ahead. Steve liesman has more. Decline actually caused economists to be more optimistic in
Hit by a train. The board of supervisors passed a toughest ban on bottled water in the country. Sergio . There are other cities that have bans but today the board here approved a unanimous measure if it is signed into law it will be one restrictive big city in the country. Supervisor has been carrying around a plastic bottle. The demonstration this sbt your typical. The legislation targets Water Bottles and insists its not a ban. People can buy the bottled water throughout the city. Bottlers say theyre being unfairly singled out. Target only product is used for trucks. Something opponents leave customers only sugary options. One customer doesnt see a problem. If they offer some other way of getting water whether paper cups, people will just go that route. Awe have staff here there, is a set of hands here. Not 10,000 the board votes on this again next week before going on to mayor for his consideration. Todays vote ten years after San Francisco unveiled its own brand of bottled water. T
Fired a single shot hit the lock smith in the leg. We can see him being taken away. On a gurney, we understand the injury is not life threatening then, the next four hours this, man was inside of the house and a team was brought in. They did make contact with them, it was the swart r. Swrath team vehicle able to push open the front door and now this is ashborn circle. The police care baid barricade still up here, residents not alud back n weve seen this activity from sky 7 hd. Were still waiting for the Sheriff Department to confirm its ended peacefully. Authorities questioning a driver who hit and killed a bicyclist. The accident happened on skyline boulevard and elk tree road this, is video of the scene. A 50yearold woman was riding her bicycle when colliding with a minivan turning toward her lane. The dryer is an on trak delivery employy. Police say he is cooperating with authorities. There were no serious injuries after a train collided with a car on the tracks in east oakland tod
Porch. The dramatic ending to an armed standoff today. Good evening. This started just before 2 00 when a lock smith worked to open the door for Sheriff Deputies. That is when he was shot in the leg by someone inside of the house. It happened in the gated community on ash born circle near 680. Laura an bethonny is there. We can show you what happened. We had seen this s. W. A. T. Vehicle making its way towards the front door of the house. And then, like i said, at 5 46 they hd this man come out and surrender. They had a vehicle that pushed the door open, then, we saw this man come out, lay down, then surrounded by looked like seven or eight s. W. A. T. Team members. Before that this afternoon, the suspect apparently was being served a notice but what is called a civil restoration team, a division of the sheriffs department. It was a lock smith and two Sheriff Deputies think went to the front door tried to serve a notice, and when they could not get an answer, they began drilling the sk
Both sides are feeling hugely emotional today. Ill have the very latest for you from the scottish capital. Let us not dwell on the distance we have fallen short. Let us dwell on the distance we have traveled and have confidence. The people of scotland have spoken and it is a clear result. They have kept our country of four nations together. Also today, hundreds of syrian kurds flee toward turkey and frances launches its first air strike against the jihady militants in Northern Iraq and well have fallout from that scottish vote in business terms and a big fine for a British Company in china. Its the biggest ever fine by a Chinese Court and its been thrown at glako smith klein. A very warm welcome. Its 7 00 a. M. In washington, d. C. And the scottish people have spoken. After a campaign of strong passions and high drama, 45 of scot voters backed independence. 55 said no. The 300yearold union with england survived. So bitter disappointment for scottish nationalists and huge relief for bri