Ahead and the way to ride out the volatility. All that and more tonight on nightly Business Report for wednesday, december 10th. Good evening, everyone. We begin tonight with two big selloffs. A massive pullback in stocks which followed another sharp drop in the price of oil. After reports showing u. S. Energy stockpiles grew while Global Energy forced strength. It was a nasty day on wall street. Stocks tumbled with the selloff into the close. The dow sold 268 points and nasdaq lost 182 points, biggest one day drop in two months an s p down 33 points with all ten sectors ending lower. Oil markets, another 2. 88 and ending 51 a level. Lowest since july of 2009. International brandt crude lost at 64. 24. We have two reports looking at todays selloff. First, heres jackie deangeles on whats behind the latest cost in oil. Reporter oil prices in free fall. Traders who were at the bottom are now ducking for cover. The plunge . Outlook provisions for next year. Opec with their forecast and 30
Nightly Business Report for wednesday, december 10th. Good evening, everyone. We begin tonight with two big selloffs. A massive pullback in stocks which followed another sharp drop in the price of oil. After reports showing u. S. Energy stockpiles grew while Global Energy forced strength. It was a nasty day on wall street. Stocks tumbled with the selloff into the close. The dow sold 268 points and nasdaq lost 182 points, biggest one day drop in two months an s p down 33 points with all ten sectors ending lower. Oil markets, another 2. 88 and ending 51 a level. Lowest since july of 2009. International brandt crude lost at 64. 24. We have two reports looking at todays selloff. First, heres jackie deangeles on whats behind the latest cost in oil. Reporter oil prices in free fall. Traders who were at the bottom are now ducking for cover. The plunge . Outlook provisions for next year. Opec with their forecast and 30 Million Barrels a day. The Energy Information administration trimming its o
Nightly Business Report for wednesday, december 10th. Good evening, everyone. We begin tonight with two big selloffs. A massive pullback in stocks which followed another sharp drop in the price of oil. After reports showing u. S. Energy stockpiles grew while Global Energy forced strength. It was a nasty day on wall street. Stocks tumbled with the selloff into the close. The dow sold 268 points and nasdaq lost 182 points, biggest one day drop in two months an s p down 33 points with all ten sectors ending lower. Oil markets, another 2. 88 and ending 51 a level. Lowest since july of 2009. International brandt crude lost at 64. 24. We have two reports looking at todays selloff. First, heres jackie deangeles on whats behind the latest cost in oil. Reporter oil prices in free fall. Traders who were at the bottom are now ducking for cover. The plunge . Outlook provisions for next year. Opec with their forecast and 30 Million Barrels a day. The Energy Information administration trimming its o
Nightly Business Report for wednesday, december 10th. Good evening, everyone. We begin tonight with two big selloffs. A massive pullback in stocks which followed another sharp drop in the price of oil. After reports showing u. S. Energy stockpiles grew while Global Energy forced strength. It was a nasty day on wall street. Stocks tumbled with the selloff into the close. The dow sold 268 points and nasdaq lost 182 points, biggest one day drop in two months an s p down 33 points with all ten sectors ending lower. Oil markets, another 2. 88 and ending 51 a level. Lowest since july of 2009. International brandt crude lost at 64. 24. We have two reports looking at todays selloff. First, heres jackie deangeles on whats behind the latest cost in oil. Reporter oil prices in free fall. Traders who were at the bottom are now ducking for cover. The plunge . Outlook provisions for next year. Opec with their forecast and 30 Million Barrels a day. The Energy Information administration trimming its o
After a fiveyear investigation into gun running, drugs and Money Laundering. Federal agents swept yees home and office. And at least three other locations in this corruption bust. Our news crews were at all of those locations. We have Team Coverage this evening for you, starting with abc News Reporter, vic lee. Reporter the fbi hit the chinatown headquarters of the chinese free masons. They were looking for evidence linked to the arrest of notorious former gangster, norman chow. Chow serves as a chairman of the free masons. He was arrested at his home on height street. He is charged with Money Laundering and dealing in stolen property. He had served 22 years in the federal pen on a racketeering conviction. Once released, he became active in chinatown politics. In this interview with abc 7 news six years ago, he said he was a reformed man. Im up front, to face up to all of the past i have done. And to try to correct my life. Reporter but the big fish was state senator leland yee. Yee wa