Another big asian selloff. China losing 8. 5 in overnight trade and the hang seng in hong kong also dropping 3 . Japan a more muted drop but i think you get the picture. Europe falling as well. Germany and france bearing the brunt of the selling and the drop continues through the usa. We are off the lows of the day but as you can see the dow is moving to the downside by 133 points right now. The nasdaq is off by 46 points. The s p down by 11. The russell 2000 is down by nearly 1 folks, or 11 points. My old colleague now joins us with more on why china dropped so far, so fast. Reporter volatility returning with a vengeance to the Mainland China stock markets. Equities plunging more than 8 . The biggest oneday drop in more than eight years on signs beijing might be backing away from supporting the markets. Concerns over Economic Health soured sentiment further. Data show chinas industrial firms dropped 3 from a year earlier reversing a. 6 rise in may. Index heavyweights including china u
Mayhem, and says its been like this all day. Theres been people arguing in the parking lot. People asking to take orders from the side. Theres people trying to pay you. But yes, its really crazy. Reporter the frenzy continued in East San Jose at peters bakery. Everything you see out front, thats what we have. Reporter out of their famous burnt almond cake. Its the busiest day of the year for the 80yearold institution. Were out of pies, were out of burnt almond. Were pretty much out of our standard stuff. Reporter for many people, choosing not to have thanksgiving at home, they hit the road. David and his family are visiting from utah. Among the millions of americans on a road trip with gas prices down. Im just a little slowed down on like what was it, i80, a little bit. But yeah, its been awesome. No problems. Reporter for those travelers not on the road, theyre in the air. I love thanksgiving. Its like the best time, and were so excited to see our family. Reporter at moneta center, th
And speaking of the snow. We saw the first measurable snow of the season yesterday. And it caused all sorts of problems on the roads for drivers. Jessica tighe is back from vacation and shes in the Weather Center with michael with more. Hey jess and michael. 3 3 3 . . . Quick 30 second wx tease 5 5 . . . forecast. Today. Cloudy. Patchy fog in the morning. Highs in upper 30s. Southwest winds 5 to 15 mph. Tonight. Mostly cloudy. Lows in the lower 30s. South winds 5 to 10 mph. Tuesday. Mostly cloudy. Highs in the upper 30s. West winds 5 to 15 mph. Tuesday night. Colder. Partly cloudy. Lows in the lower 20s. West winds 10 to 15 mph. Wednesday. Colder. Partly west winds 10 to 15 mph. Wednesday night. Mostly cloudy. Lows around 18. Thursday. Cloudy. Highs in the mid 20s. Thursday night. Mostly cloudy. Lows around 16. Friday. Partly sunny. Highs in the lower 20s. 3 3 roads are wet and slick this morningroads have been treated. Watch it on secondary roads as well as bridges and overpasses. I94
The city has seen a number of Police Chiefs come and go. Mayor libby schaaf we know is upset about what has been happening all along but she has her share of critics and some going to say you got to go. What are we hearing from the mayor . The mayor is saying that technically she and the protestors are on the same side, that she understands the frustration and trying to get to the bottom of it. First thing trying to get an outsider to leave and investigate the scandals. Involving the racist texts and the sex scandal, what is the latest on all of that combined . Coming up at five i will have a story on the homicide sergeant allegedly allowing a mistress to get involved in confidential documents. And the officers involved in the scandal, what does that mean to the cases that she have investigated. What is the impact to those cases . I spoke to the public defender brandon woods, he says they will look to the background and any officers in the scandal. May need potentially convictions coul
It was definitely a scary time. Ryan a peeping conviction requires the victim be partially nude and the suspect their victim. Lapointe says proving that in court revictimized her and others in the apartment. Other victims to have to landlord was or was not aroused and knowing that his guilt was , resting on that was burdensome. Ryan senate bill 2185 drops those requirements. And stiffens the penalty from a simple misdemeanor to a serious misdemeanor. Just this week Iowa City Police arresting Robert Hightower for multiple charges, including peeping, burglary and criminal this after investigators distributed his picture caught in the act video taping a woman , in the shower at burge hall. Every year that goes by more people are not being brought to justice. Ryan the build it make it out of the Judicial Committee just this week. By the senate chamber. We want to mention a similar bill failed to make it out of the statehouse last year. Ryan smith, kcci eight news, iowas news leader. Steve