react finally to all that pent-up fear. reporter: volatility was widespread. blue chip stocks, oil, and gold prices all took a hit as investors turned to government bonds for a safe haven. but some financial experts say the sell-off could be a good opportunity to jump in. now s not the time to get defensive. now s not the time to look for safe havens. reporter: the fed also says it will shift some $400 billion in funds to try to reduce long-term interest rates for businesses and consumers and stimulate spending. analysts say spending and job creation are the keys to keeping the u.s. from sliding back into another deep recession. as for americans trying to rebuild their retirement portfolios, financial experts say it s important not to get caught up in the day-to-day trading turmoil. look at your statements quarterly. don t let what s happening in the market today spook you to the point where you completely withdraw and you make a knee-jerk reaction that s emotion-driv
betty nguyen. the story that s not news to beau of you, the hot, hot, hot weather. the blistering heat wave that hit the east coast will stay there through much of the weekend, the heat warnings and advisory cover an area from the central united states to the east coast, from carolinas to maine. triple digit temperatures are in many cities. if it s as hot as forecasters predict, today will be the hottest two-day stretch in this country since 1950. 22 deaths are blamed on the weather. it s not just the heat, it s the humidity and air quality making it so dangerous. more now from dean reynolds. reporter: the nation s weather is worse than hot, it s potentially lethal, with 30 states and the district of columbia under heat advisories, watches, or warnings, the death toll is expected to rise. heat waves by far on average each year kill more people than all other weather phenomena combined. that means hurricanes, tornadoes, lightning strikes, and floods. 1500 people per year.
heat with no air conditioning. tonight, some local families received free a.c. units. some even paid to sit outside and sweat tonight. good evening. i m doreen gentzler. jim vance has the night off. it s dangerously hot out there and it s not over yet. this heat wave will last well into the weekend. we have team coverage tonight. darcy spencer with how people are coping with no air conditioning. but we begin with chief meteorologist doug kammerer. it s ridiculous how hot it is outside. a heat index of 112. outside right now at 11:00, 89 degrees. heat index of 104. good thing the sun s not shining out there right now. that would make it even worse. excessive heat warning is in effect for the day tomorrow. through the day on saturday, heat indexes of 105 to 110. we ll continue to see extremely warm temperatures right on through the next couple of days. heat index in some areas tomorrow could top 120 degrees. much more on the heat, plus when we could see a relief coming up.
workers lost that battle. is it really over? will this supreme court decision spark more protests in madison? much more on that, straight ahead. but first, the president let slip a comment that has a lot of washington buzzing. was it a joke that wasn t funny or worse? did president obama just admit they got it wrong? you remember his colossal 800 billion stimulus package it was supposed to ref up our economy and get to rev up our economy and get us out of the financial mess i am the president: shovel-ready was not as shovel-ready as we expected. greta: was the president joking or admitting a blunder? that they didn t call it right? either way speaker boehner, he s not laughing. yesterday, the president in his speech, joked about the fact that his stimulus plan hasn t worked quite the way they thought and hasn t created the jobs that were promised. i don t think it is a joke to the millions of americans who find themselves unemployed. greta: rush limbaugh is fired