some turnaround today ... >>the chairman of the federal reserve will be a sharing his comments shortly ... but the market for the most part today has been moving positively ... however the market does not like uncertainty ... there is kind of the state of fear and panic but there is a silver lining to all of this ... >>fear and panic could also breed opportunity ... >>today many investors went bargain hunting after yesterday's giants sell-off others sought sanctuary in gold ... >>cool is beginning to rally people cannot get their hands on that asset quite enough ... >>politicians are still bitter over the way that that debt ceiling was handled last week >>that standard and poor's downgrade was awful they focused exclusively almost on politics and noneconomic they are not talking about any intrinsic weakness is in the american economy ... >>even though standard and poor's downgraded the united states from its aaa rating to aa + ... >>the average investor or the bond market doesn't seem to care about that downgrade very much people just need to stay focused and keep a clear head this too shall pass ... >>as i mentioned yesterday the silver lining continues and that's with respect to oil price. prices which continue to drop but how that will translate into gasoline prices has yet to be to term and ... >> >>chicago police are investigating a deadly accident on the northwest side two people were killed several others injured wgn's jae miller is live at children's memorial hospital with that story ... >>to children remained hospitalized in serious to critical condition here and four others were taken to lutheran general hospital two others died there this was a terrific accident happened just after o'clock this morning in the 4400 block of north austin witnesses say that a late model for mustang and day honda civic collided at sunnyside many people in the neighborhood described that intersection as very dangerous the honda civic had two adults and three children and and ended up wrapped around a light pole three children were in the back seat the two adults were unresponsive a car seat was found outside the vehicle ... >>rescuers had to cut the roof off of the vehicle to rescue everyone witnesses said it was a horrible scene ... >>inside of this car were five people they had to cut them out ... >>children remain hospitalized here in serious to critical condition two others hospitalized and give lutheran general the names and the ages of the victims are still unknown at this hour while the crash remains under investigation ... >>police are checking out security camera video as they search for the gunman who shot a man on the state street bridge over the chicago river. the 29 year-old victim was walking to work when he was shot and had a close range around 5:00 p.m. yesterday afternoon he is in serious condition and northwestern memorial hospital witnesses told police the gunman ran self on straight street and then eased on wacker drive investigators believe the victim was targeted and that was not a random shooting. >>chicago police continued to question a person of interest in the shooting death of a six year-old girl and a small memorial has been set up for our arianna gibson a son of a home at 74th and send them on where she was killed gibson was sleeping on the couch when two teenagers walked up ring the doorbell and started shooting gibson died in the shooting to other 17 year-old were also shot but they're expected to be ok family members believe that one of those teenagers was the intended target police questioning a 19 year-old man in that shooting no charges have yet been filed ... >>a suspect in the shooting of the 2012 year-old girl in little villages released without any charges police had taken the 19 year-old man for questioning but released him this morning the girl was seriously wounded when to shop on friday she had been walking with her uncle at the time near an elementary school at 24th boulevard in california detectives are looking to question other witnesses and that shooting ... >>chicago police officers are required to file every june 1st statement that they are abiding by the police department code of ethics and that they have no financial conflicts with the doing their jobs but the sun- times reports at a thousand officers did not file their statements on time and now they may face suspensions is a dilemma for mayor rahm emanuel he proposed an ethics crackdown but suspensions would take uniformed officers off the streets and further jeopardize police department morale ... in other news the police department's management structure is changing superintendent garry mccarthy has announced that he is eliminating some senior command positions instead he is creating six police pierrot's call on patrol, detectives organized crime internal affairs, administrative services and organizational development each bureauny will answer to its own chief with garry mccarthy and his first deputy superintendent to overseeing all of them ... >>3 days of lollapalooza left grant park a money and garbage filled mess heavy rain and sellout crowds cause major damage to that park park officials said that the worst they have ever seen and likely hundreds of thousands of dollars in damage only to be repaired the good news is chicago taxpayers will not be paying for that cleanup bill and grant park officials said that the park will likely look even better than before when the cleanup is complete ... >>for the lollapalooza charitable effort the cleanup could take awhile but officials say they won't even find time to look at the grounds until next week ... lollapalooza officials will be planting trees and restoring the park ... >>next at noon thousands of police officers are called up to prevent a fourth night of rioting in the streets of london and a hotel maid who accused access to imf boss dominique strauss-kahn of sexual my doctor told me calcium is best absorbed in small continuous amounts. only one calcium supplement does that in one daily dose. new citracal slow release... continuously releases calcium plus d for the efficient absorption my body needs. citracal. the bodies of 38 u.s. service members killed in a helicopter crash saturday and afghanistan have a right at dover air force base in delaware there were killed in what represents the worst single loss of american life since the afghan war began the native chopper was called in to assist an army ranger unit that was pinned down by insurgents and a 22 navy seals were among the 30 americans who died in the crash ... >>the meet their responsibilities together they gave their lives for their country ... our responsibility to ensure that their legacy is the america that reflects their courage their commitment and their sense of common purpose ... >>several u.s. military officials tell cnn that at this point they do not believe that the taliban fighters knew that the helicopter was carrying members of the elite navy civilian at the same unit that may have killed osama bin laden's ... >>riding in london continued last night british prime minister david cameron has never called parliament from summer break to discuss the issue he is vowing tougher action against running everett gangs made up mostly teenagers to of looted stores and set buildings ablaze he said 16,000 police will be in london tonight his call for an all volunteer officers to report as well police have arrested more informed and 50 people in london aligns the violence began >>a federal appeals court here in chicago has ruled that an anti torture lawsuit against donald rumsfeld may proceed back in 2006 rumsfeld was the defense secretary at that time to american military contractors claim that there were arrested by american troops and imprisoned and tortured at a military prison and iraq that want rumsfeld to be held personally accountable for their treatment rumsfeld and his lawyer expect the supreme court to toss out a lawsuit ... >>this is to stand polygamous sect leader warren jeffs has been sentenced to life in prison for sexually assaulting underage girls in a jury in texas deliberated for just 40 minutes before handing down that decision a short time ago jeffs has also been ordered to pay $10,000 fine last week he was convicted in connection with his marriages to two underage girls aged 12 and 15 during the trial prosecutors showed a page from one of jeff's his journals in which he wrote if the world knew what i was doing there would hang me from the highest tree he claims it is a victim of religious prosecution the new york city made a claims that she was raped by dominique strauss- kahn has filed a civil lawsuit against him nafissatou diallo is seeking unspecified damages for physical and psychological harm missiles damage to reputation dominique strauss-kahn is pleaded not guilty to the charges ... >>autopsy results are expected this afternoon on that elmhurst women who died after suffering health problems in the new york city triathlon 40 year-old amy martich was halfway through the races lake swimming when she just stopped she was taken out of the water and died in hospital yesterday from heart attack symptoms her family that she was healthy and vibrant the new york officials say that there was no sign that she was a hit or injured a 64 year-old man also died while swimming in that race and a woman who tried to swim from cuba to florida gave up after 29 hours in the water 61 year-old diana nyad made it about halfway these pictures were taken after she was brought aboard a book this morning she said that she heard her shoulder two hours into the swim and yesterday for the first time ever she had asthma she has no idea why she was trying to become the first person to make the one to 3 mi. swim without a shark cage she said she has no intention of ever trying it again ... >>details on the new application that could help bring all missing children ... and later in the lunch break the chief executive chef for arlingt every day you live with the pain of moderate to severe rheumatoid arthritis could be another day you're living with joint damage. help stop the damage before it stops you by asking your rheumatologist about humira. for many adult patients with moderate to severe rheumatoid arthritis humira has been proven to help relieve pain and stop joint damage. humira's use in patients with ra has been evaluated in multiple studies during the past 14 years. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events can occur such as, infections, lymphoma or other types of cancer blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure. before starting humira, your doctor should test you for tb. ask your doctor if you live or have been to a region where certain fungal infections are common. tell your doctor if you have had tb, hepatitis b are prone to infections, or have symptoms such as fever, fatigue cough, or sores. you should not start humira if you have any kind of infection. make today the day you talk to your rheumatologist. and ask how you can defend against and help stop further joint damage with humira. this is beejal patel for bloomberg news ... the federal reserve will be meeting with plans to prop up the economy ... >>the markets are up right now but some traders are worrying that any bump in trading will create a false sense of euphoria ... >>the bank of america is trading around $7 the ceo there is trying to reassure everyone that the bank is financially stable ... it says it has enough money in reserves to absorb mortgage setbacks and losses ... the bank is vulnerable to a slowing economy ... they're more concerned with pending lawsuits like a ig suing the ave ... >>in an sec filing a ig is threatening to sue goldman sacks over faulty mortgage information ... the slowing economy is keeping oil in check for now its $82 a barrel barrel. the uterus city of illinois needs to find someone to build a new supercomputer know that ibm has dropped out of the project ibm says that the blue waters system expected to cost of a $300 million would require too vmuch financial and technical support. the university still hopes to have the system built by the fall of next year. the university has to few weeks to come up with a new builder and present plans to the primary funding source the national science foundation ... >>the anti-union law in wisconsin will be the fuel behind six recall elections today earlier this year the gop- controlled house senate and governorship approved a bill that severely limits collective bargaining for public pleas during massive protests six republicans and the senator now engaged in recall elections the gop holds a 19-14 majority in the wisconsin senate said the democrats are hoping they can take it over these recall elections of the largest coordinated effort to kick incumbents out of office in history ... >>we may know this weekend whether rick perry will run for president. republican insiders say that rick perry will be in charleston south carolina with his family this weekend he is expected to make a major speech at a convention for conservative activists they say it will be a formal announcement but it will revealed his intentions about a bid for the white house in 2012. after nearly 200 years the housethe fbi has launched a new application to help bring home missing children ... parents can use the free mobile application to upload phone knows and input details about that child the to list to be houston the event of an emergency the fbi says that if a child suddenly disappears parents can readily pull up the application and shared details to police the application also provides tips on what to do if a child goes missing ... the fbi says there's no dna ... coming out we have myths about menopause and he's to 19 years old but he has already had a storybook career playing with the likes of charlie daniels and williams jr. and even the late june and johnny cash and tonight and tomorrow hunter hayes is opening for taylor swift wow! it's even bigger than i thought. welcome to progressive. do you guys insure airstreams? yep. everything from travel trailers to mega motor homes. and when your rv is covered, so is your pet. perfect. who wants a picture with flo? i do! i do! do you mind? got to make sure this is -- oh. uh... okay. everybody say "awkward." protecting your family fun. now, that's progressive. call or click today. [ male announcer ] this is coach parker... whose non-stop day starts with back pain... and a choice. take advil now and maybe up to four in a day. or choose aleve and two pills for a day free of pain. way to go, coach. ♪ ♪ defending the school district's proposal to raise property taxes ... muriel clair has a live report from the northwest side with the details ... >>back when he was a candidate rahm emanuel said that he would not raise taxes but he spent yesterday convincing alderman to go along with a $160 million proposed property tax increase for the benefit of chicago public schools it would add about $84 to the average home worth just over 200,000 the mayor said it wasn't something he relished by tough choices are getting made here ... >>there's a mission with the school system and that is to educate our children that's why i take on the issue of education i don't underestimate the difficult choices this was not done to put money in into a broken system is intended to fix a broken system under no circumstances will we sacrifice rain and the bureaucracy ... >>we're not nickel and diming anyone we are going to appropriate this money we have done our due diligence for appropriate investments ... >>we're looking at assessed values of homes we know there are issues with over assessments of values ... but that will be taken into account as we try to raise these funds ... >>the field museum will have an exhibit to march marked the 10th anniversary of the september 11th attacks the exhibit will be called ground zero 360 it will include a fragment of a steel beam from the world trade center in a large-scale photo of new york you'll also get to hear emergency response radio calls from that day the exhibit opens september 2nd in runs through the end of the year wgn's own julie unruh wants to know how the september 11th attacks have shaped your life our project is called 911 and you go to wgntv.com and click on the tab it was created with the power of verizon 4g lte. introducing the lightning-fast 10-inch samsung galaxy tab. stay up to date, entertain yourself and enrich your knowledge like you've never imagined. only at verizon. built so you can rule the air. tom skilling is here with a gorgeous day ... >>you'll notice the humidity is tailing off ... if we have had the coldest weather of back-to- back 70 degree-days ... in two weeks ... we may be able to get our air conditioning and a break ... the two-point drop down to the '50s they have not been that low for a long time that takes all the haze out of the air leading us some beautiful weather ... we may get an isolated showers in some places this afternoon but the prospects of you getting one in any given location are not that great heat continues to abate the south ... 75 days about over 100 degrees in places like wichita falls it's incredible the story down in the deep south this country never has the month of july been as hot as it was this july ... it's the warmest temperature for any month and were in the united states there in oklahoma city ... chicago had its warmest july on record as well ... >>proposal clouds you see right there may create a thunderstorm ... >>we're talking about the mid to upper 70's in the next couple of days it may hit 80 degrees today this would be the 27 straight day above 80 degrees ... humidity is declining ... this is the coolest weather and about seven weeks ... readings will go into the 60s in the city tonight and temperatures will be in the mid- 70s for tomorrow ... we have some spectacular air coming through there will not be a lot of wind tomorrow there is a fair breeze today and let your home air out without that air- conditioning ... >>the rain last night was heavy the southern soderbergh scott much-needed rainsuburbs received a much-needed rain ... those green areas on the map that the heaviest rain and there was some tornado action imbedded there that was no. a bloomington ... we are looking at the wind gusts of 30 mi. per hour in some spots there sustained at 17 at o'hare close to 80 degrees there ... the fog of the morning has blown away in harvard ... the heat continues to swelter and bake in the south it is brutal how warm it has been down there 100 degree temperatures and oklahoma and arkansas they are continuing those heat advisory's ... the heat down self as the jet stream slicing around the north edge in that carries regular clusters of fast-moving heavy wind and downpour conditions with thunderstorms and spectacular lightning and that whole pattern unsettling south so these storms will mrs. fortunately miss us fortunately.. we have a warm day today but things will cool off for a couple of days with some really nice weather on the way the humidity will return later in the week we will get a thunderstorm on friday possibly into saturday. partly sunny today justice like chance of an isolated thunderstorm warm with flour and humidity the high temperature will be 85 degrees is the 27th day above 80 in the last in this cycle tonight partly cloudy breezy cool and little humidity mid-50s in londonland.. not since july 13th have we had a day under 80 degrees tomorrow will be the first. pretty nice forecast.. we will have more feet it's heat it's not over yet but let's enjoy the cool weather while we get it time for today's trivia: sea horses have a tail that curls forward what do they use that tale for? ♪ ♪ i may be mud but i have standards. mops