>> after the worst start to the year, stocks took another beating today as oil prices plunged everyone further. so hold onto your 401 k. good afternoon, thank you for joining us. >> what's left of the 401 k. >> here now with a look at what is happening in the market. it is free falling and why. >> well, larry and alma, the dow closed down 250 points, the s&p 22 points and the nasdaq by 5 points. this is from the beginning of the day to the end of the day. at this point, the lowest point,

just before 10:00, the index was down more than 550 points, enough to give investors indigestion. now, the market ended a little better. overall, it's down nearly 10% for january. you can see 15,756 right now. it is a good time to remember the expert advice, investors should be in it for the long haul. >> just an hour after the markets opened, the numbers said it all. >> it puts extra money in my pock et. >> but not for energy companies. if prices continue to drop, the biggest fear in the markets right now is that energy

companies will start to default on their debt. if they start defaulting on their debt, it could be something similar to our financial crisis the great recession. another big concern? volatility in markts overseas. especially in china. the asia giant's growth for the year was less than 7%. >> if you have money in stocks, your best bet is to ride it out as opposed to taking it out of the market. so, bolt tochl line, analysts say take a deep breath and remember this could be a rocky year for the markets. >> take a look at this. sky 7 hd captured a chase that led from east bay into san joquin county this afternoon. as you can see, it ended with jamie phelps struggling with officers shortly before 2:00.

the car slipped off private railroad tracks near interstilt 680 at 8:00 this morning. officials say there was no leak. that was transported near union pacific. >> southbound 101 in san jose is still closed right now after an accident involving a tanker truck. it caused the cab to separate from the trailer. they spilled around 60 gallons of fuel on to the road. the crash happened north of east taylor street just after 10:30. >> and this accident in the north bay caused traffic delays this morning. it happened on southbound highway 101 north of navarro.

>> a hover board may be responsible for a house fire that killed the family dog. >> just a short time ago, within the hour, david carpenter, who owns that house, came back for the first time since that fire yesterday. we asked him specifically, what does he think about hover boards? he trusted them until 24 hours agr. here's what he said this afternoon. it's like selling kids bombs. >> mark keeler knew it last night when he saw this home explode as he began taking this video with his camera phone. >> i mean, completely engulfed within minutes. >> the santa rosa fire department traced its point of origin to a little room in the

house where she had been charging a hover board. >> the hover board itself was plugged in near the book shelf. the book shelf had some indicators on it that showed the fire started down here at the ground level. >> this is the 40th reported hover board fire in 19d states. it's looking hard at lithium ion batteries that come with the products. nobody was home when this fire broke out. the nay br saw the flames first and called 9-1-1. >> it was really bad. >> david carpenter told us he had just left to pick up he has daughter. normally, he would bring his two dogs along with him. instead, he left bella and boo behind. they perished in the heat and the smoke. the family is devil stated. >> you never know what's going to happen. i didn't see it coming, of course. just be careful to the parents out there. it could have happened in the middle of the night, i could have lost my daughter.

>> to developing news now. the deadly greyhound bus crash. >> just a couple hours ago, national transportation safety board investigator told the media they had to aid investigators on scene with human and mechanical factors to determine the charge of the crash. >> we were looking into whether it had any recorded information or not. >> only abc 7 news has a first look at this wreckage. the bus was moved to a tow yard. the bus crashed while traveling yesterday morning. maria ortiz of salinas died in the crash, ten others were hurt. >> coming up on abc 7 news at 5:00, find out how they're remembering their loved one tonight.

>> tool buss may be rolling toward more safety inspections. only 30% of tour buss undergo safety checks. >> it's not enough that a portion of these incredibly large vehicles are inspected. every single one of these vehicles needs to be inspected. >> some 18,000 tour buss operate on california roads without untz going safety 2347gss. legislation is prompted by last year's tour bus skrash in union square. >> it's time to turn to our weather. a nice day outside. we're taking a live look toward the east bay hills now. more rain is coming. >> yes, and soon. spencer christian here now with our accuweather up date.

>> okay, larry and alma. it's coming and it's going to last for a while. here's a look at live doppler 7 hd. clouds are present, as well. here's the view from our east bay hills camera. and these are the current temperature readings, 59 degrees in san francisco. 61 in mt. view. shows the clouds way up high. 59 in napa, navarro. storm impact scale, we use to use for the approaching storm. we rank our storms numerically one through five. and we have two storms, both at level two in our impact scale. the second one is still developing, but shows indications are going to be a number two level storm as well.

so we'll have two storms for two consecutive days that is. it's going to be pretty wet. i'll show you the time line in just a few minutes. >> for weather alerts where you live, down load the abc 7 news. >> a custody battle is underway in the case of a little girl in livermore. >> abc 7 news reporter laura anthony where the grandmother and the child's father are fighting for custody. laura? >> well, what we're talking about right now is temporary guardianship. the grandmother was here in court. that's just wrapped up a short time ago. this little girl has been through so much these past few weeks. of course, this all started on christmas eve when her -- the little girl was with her mother, a 29-year-old woman and a hotel in livermore. the mother was unresponsive. the police and fire were called.

she was taken to the hospital where she later died, with understand, from a diabetic -- after she went into a die bet ek skoal ma. the little girl was then put into foster care. but the day after christmas, police and fire got together, collected a whole bunch of gifts for this little girl. the issue is where will this little girl go. her brand mother from florida flew in from kro and now they're deciding who should get her in the short term. >> my hope is that my granddaughter will come home to all of her family in florida and have a happy, healthy life and heal from her mom's death soon. >> now, that was the grandmother. she is hoping to get guardianship and eventually

permanent custody from the little girl. meanwhile, the father has come to the bay area seeking custody. today's hearing went on for several hours. the father was not there, but the grandmother emerged and told us that no resolution has been reached and that this hearing will be continued. the little girl, in the meantime, is safe with the foster family. >> these two burglary suspects are under arrest right now. 31-year-old maria king and malik calloway were arrested spratly. the officer shot at the vehicle, the vehicle didn't hit anybody. she was arrested. calloway was later arrested in san bruno. >> the coast guard has suspended the search for two uc santa cruz students missing after a big

wave swept them out to sea. the students were on a rock juding into the ocean just north of santa cruz when they were struck by a giant wave monday. their names haven't been released. >> it's about time the 49ders formally introduced the head coach today. what did chip kelly say, more importantly, what he didn't say. >> new at 4:30, hundreds of police and firefighters out on the bay today.

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the 49ers introduced their new head coach, chip kelly today. kelly came across as poised, confident and looking like a man who knows exactly what he's doing. kelly spoke for about 35 minutes. he did not directly address his plans for colin kaepernick. the niners have until april 1st to cut kap or pay him almost 12 million dplars. >> obviously, kap is an extremelial ented football player. i was also impressed in terms of how blaine played, also. you probably need two quarter backs in this league. i think both have made this an attractive situation. >> kelly was a big success in college with up tempo. but he was fired after three

years with the eagles. he alienated players. he has a reputation for rubbing people the wrong way at times, kind of like jim harbaugh. >> i'm a big jim harbaugh fan. i know he's having great success at michigan. i think one thing all coaches know, we win. we're not going to be places for an extended period of time. you just have to do the best job you possibly can. and if you into a situation worried about am i not going to be here next year or the year after, you're probably not going to be. >> kelly had total control of the roster in philadelphia. will kelly get along better with the players than the eagles? can he learn? we'll see how it all unfolds. but the 49ers did get their first one of 2016 today because they won the news conference and that's certainly a lot better than they did a year ago. >> a massive transformation is underway along the embarkadero.

>> parking restrictions are now in place and it will fund to experience the energy surrounding the superbowl. that includes a series of concerts. >> to handle the expected crowds and widespread street closures, the city transportation will deploy separate traffic officers to avoid gridlock. >> it tells guides commuter and visitors they'll be wearing bright orange hats and vests and they can tell you about events in the city. >> you'll need to find a a new way to get around for a few weeks in february. the blue and gold is temporarily suspending ferry service for two weeks. the closure starts february 16th. weekday service will be replaced with a bus bridge. >> we are learning more about

what cause d a twitter outage yesterday. the company wouldn't give a lot of details, but in a statement, blames an internal code change for that outage. the glitch affected users in europe and the u.s. it's the third twitter outage in five days. apple wants to browse a bit more overseas? the cupertino-based company filed a request to open stores in india. >> a new report says 2015 was the hottest year in recorded history, by far. breaking the record of 7/20/14. the average temperature last year was 58.62 degrees farn hiet. that's more than a quarter of a degree higher than the previous record. it was also more than a degree and a half warmer than the 20th century average. scientists say el nino was a

factor, but greenhouse factors were still the biggest reason. >> that's not promising. >> well, the rain is promising for us, anyway: >> all right, larry and alma. this will deliver. believe me. and, of course, it doesn't show for this angle of approaching rain just a few clouds. the rain is coming our way. we're going to get a nice dose of it. current temperature readings, relatively mild. 64 in san jose right now. 67 down in loscados. this is how the sky looks over the golden gate bridge. partly and mostly cloudy. we'll see areas of fog overnight, a pair of storms coming in friday and saturday. a dry pattern begins on sunday. approaching storm, the first one, ranks two on our storm impact scale, a storm of moderate intensity. it will arrive friday, overnight, thursday into friday and a rainy, morning commute on friday, you can bet on that with 456 an inch to an inch of rain

expected for this storm. notice by midnight, thursday night or friday morning, the first wave of rain arriving down to the golden gate in san francisco. that will swing through followed by a second wave of rain bringing pockets of mod rat to heavy rain right in the beginning of the morning commute around 5 avm. so it's going to be a wet morning commute and the rain will ease up in intensity a bit. a second wave looks like it will be a little bit more widespread. now, 4:00 saturday afternoon, we'll see well over an inch and a half of rain over navarro and well over an inch in san francisco mplt it's going to be wet in the bay area. bear in mind that that doesn't take into account the fact that

more rain will be falling after 4:00 p.m. on saturday. tonight, look for patches of fog once again in the inland valleys. low temperatures will be in the upper 40s. high temperatures mainly in the low to mid 60s. a mild day tomorrow. 66 in freemont, san jose at 65. here's the accuweather seven day forecast. two storms both ranking level two in our storm impact scale. very dry weather beginning on sunday. that will continue into the middle of next week and looks like it's going to be rather mild along with the drier conditions next week. >> up next, the oscar controversy continues to grow as more heavy hitters over the lack of diversity among the academy award nominees. >> a live look at the traffic situation. this is 101 southbound in san jose is all backed up. it's a dead stop and that's because down the road, a tanker

truck spilled around 50 gallons of fuel on to the roadway and clean up efforts there are taking quiet a while. at least one lane is still blocked because of the still. and this is the result of that accident from earlier in the day. back with more on abc

>> movie director spike lee is taking a clear stance. he's also not urging anyone to follow him. >> i have never used the word boycott. >> the honorary oscar and two-time nominee is joining a growing lisz of stars speaking out about the lack of diversity. for a second consecutive year,

all 20 oscar nominees are white. >> and why is it the conversation that we only have once a year. >> whoopi goldburg speaking out on "the view." >> claims about how white the oscars have been for quite some time. but this year, it's reached its fever pitch. there's no way hollywood can ignore this at this point. >> the academy is taking dramatic steps to alter the make-up of our membership. >> it goes back to the gate keepers studios. we're not in the room. >> spike lee wants hollywood studios to enforce quota that's similar to the nfl where senior positions are not filled until

minorities are at least interviewed. >> comedian chris rock will host the oscars here on abc 7, sunday, february 28th. >> a new ranking shows how immensely popular warrior's guard steph curry has become. topping sales from nba stores in the last three months of 2015. curry's jersey became the number one best-selling jersey in the last part of 2015. >> abc 7 news at 4 cloek continues coming up, it's another emotional day for a mother whose son was killed by police in san francisco. the ceremony where her son was supposed to graduate today. >> concerning most of all that i let you down.

. another rough day on wall street, the dow closed down more than 249 points and the nasdaq lost 5. at one point, the ndow was down points. a hover board may have caused a fire last night. in san francisco today,

immigration advocates accused police of violating the city ordinance right after police released him. new at 5:00 p.m., abc news reporter has more on sfpd's claim they had nothing to do with the arrest. the man fatally shot by police last month was supposed to sech his high school diploma today. instead, his mother walked across the stage in his place. protesters and police officers are expected to have their say before the police commission tonight. >> there's going to be a police commission hearing here tonight. and for the first time, there's a concerted, coordinated effort by police officers to come here to give their perspective on this case: mario

said she may not attend. instead, his mother watched dozens of others cross the stage. young men and women who completed classes in the five keys charter school run by the county sheriff's department. her 26-year-old son was fatally shot by police last month. they say after he stabbed someone, he raised the knife at them. but cell phone videos have raised questions, sparked pro test and led critics to call for the firing of police chief greg surr. tonight, the police union says there will be a show of support for the officers at the police commission hearing. >> they want the commission to look at this case objectively without any type of bias or without any ins lance from some faith-based leaders in the community and from some politicians. >> and he says there will be

some officers who were there during the police shooting. if they allow their voices to be heard, they will clear some skepticism. >> as she accepted her son's diploma. >> tomorrow, the supervisors would debate the resolution. >> a spokesman for the taliban that killed 20 people at a university in northwestern pakistan. gunman began firing indiscriminately into a crowd of 600 or attending a poet ri recital.

the central organization condemned calling it unislamic. jason made a brief appearance outside the u.s. military hospital in germany today. here he is with his family. he says he can't wait to go home. watch a warriors game or two and see the new star wars movie. it's one of five u.s. citizens freed by a prisoner squad. amir hesmati is eager to tell the world iran did not break him. >> it's like being born again and just really feel positive to be an american. >> the white house now says it has reason to believe former f.b.i. ajent bob levenson who was not released is no longer on. >> a professor at kent state university in ohio is under fbi investigation for alleged tied to isis. he's reported under investigation for a year in a half.

he's not been charge ds with any crime and continues to teach. >> everything that i've done is perfectly legal. i've fulfilled my duty as an american citizen by speaking out. >> the 55-year-old is a cuban native and con vert to islam. he made headlines in 2011 avenue shouting death to israel at a public lecturer. he blamed his rhetoric for possibly sparking the investigation. >> anger over the water crisis in michigan is showing no signs of easing. the governor is promising to release e-mails today. abc news reporter has more. >> i'm sorry most of all that i let you down. you deserve better. >> michigan governor snyder is apologizing to the residents of flint. but, of course, not everyone is

accepting. these protesters outside the state capitol are demanding him to step down. >> they were sigh lentd. they were staring at a public health emergency and they sat on it. >> there's now three class action lawsuits. according to recently released e-mails, officials apparently waited five months to warn the public of the toxic levels of lead. they haven't had our water tested. so i'm concerned. i have five kids. >> it should have never gotten to this point. we survivored the great lakes. >> during his state of the state address, in addition to more aid, the governor pledged greater transparency. this, as the flint mayor met with president obama and white house officials lobbying for more health.

>> but i'm really glad to be here because i know we're going to get more resources to continue to move flint forward and get us clean, quality water. >> this began as we wait for the governor's e-mail to be released. elizabeth hur, abc news, new york. >> a new president will be sworn in. now, the clinton campaign is calling out the big guns to help cut down what is a massive deficit in the polls in new hampshi hampshire. former president bill clinton is trailing bernie sanders by 33 points in new shamp e hamp shir. the former president urged supporters to keep working right up until the february 9th primary. >> three weeks is an eternity in politics. that's all i ask you to do. just say we can't afford gridlock. she's the best change maker. and the only one prepared for

every aspect of the job since day one. >> sarah palin joined donald trump today one day after she endorsed the billionaire. >> well, coming up as abc 7 news at 4:00 continues, a nightmare for car lovers. a lamborghini on fire. >> ask finney is just ahead. i'm still taking your questions on twitter and facebook. i'm answering questions here live in just a little bit. >> i'm spencer chris yanl. we're looking at a slight and colorful sunset in the making, but we also have storms brewing at sea. i'll have the accuweather

in miami beach, a $400,000 lamborghini caught fire when a valet overrefed the even gin. the valley can be seen stressing out about the car while others put out that fire. it's unclear if the valet kept his job. >> you can buy one of the cars that pope francis drove in while visiting the u.s. last fall.

proceeds benefit catholic charities. another fiat pope francis used will be on display during the aut show. >> spencer christian here now with reports of rain coming our way. >> yes, sir, those reports are accurate. here's a look at live doppler 7 hd. no rainfall in the bay area height now, not only is rain coming our way, sfloe is headed for the sierra. winter storm watch is in effect pouring in friday until 4:00 p.m. saturday. one to two feet of snow. right around half a foot around lake tahoe. higher totals in the higher elevations. tomorrow, state wide, mainly dry conditions for the remainder of the state, but that won't last long as that storm approaching

eureka will be moving into the bay area overnight thursday into friday. but for tomorrow, high temperatures in the 60s tomorrow. it will be relatively mild around the bay area. here's a look at our rain chances fwr the week ahead. 90% on friday, 80% on saturday with chances dropping off to around zero, monday, tuesday and wednesday. larry and alma? >> thank you so much, spencer. still ahead on abc 7 news at 4:00,a new take on college applications. what some colleges are now requiring from high school students. >> i'm 7 on your side's michael finney. you can opt out of your bank's overdraft protection. but what you do if your bank opts you back in. i'll have the answer coming up on ask finney. >> there's a whole lot of -- we'll show you 101. a lot of people would like to opt out of this traffic jam. this is the back-up as the result of an accident that occurred. a tanker truck slipped and spill ed around 50 gallons of fuel.

if you can avoid this area, do so. stay with us. with just your age, income, zip code,g for health insurance and the number of people in your household. information you probably know off the top of your head. enroll by january 31st to avoid the irs tax penalty. ♪ if you haven't checked out covered california in a while,

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there might be a ninth planet in our solar system afterall. and it's not pluto. there are compelling signs that something in the distant space that would satisfy the current definition of a planet. right now, this is just a theory. the astronomers haven't actually found a planet. however, if their calculations are correct, the planet would be at least as big as earth and would be about 20 billion miles away. >> the competition to get in college is stiff other than ever. but now there's a new trend emphasizing more than just school work. junior chang has the details. >> college applications seem scarier than ever. a recent study showing teens even more stressed out than adults. a new report based by the harvard group is trying to

tackle the issue. >> has to be balanced. we can't just award those that achieve. >> changing the college application process they say would send a strong message to young people. >> this is the first time in history that colleges have banded together across the country and said ethical character is important. >> in fact, mit, one of the report's endorsers, has already begun to make changes. >> you changed your essay question to involve community as opposed to some sort of achievement highlight. >> that's right. we want to know. how have you affected those around you and made those around you better? that's important. >> the report calling for reducing a number of curriculum.

>> attract and debate teams, he volunteers oodles of hours and takes five ap classes. >> right-hand turn you worried about the toll the stress takes on him? >> yeah, i do worry. they shouldn't see that on a teenager. i don't know if he knows how to have a good time. i'm helping him find out what that means. >> time for ask finney. first question, laura asked where can i find a web site for checking on air bag recalls. >> safercar.gov. that's the best one to go to. the national traffic high way safety administration tells you about all the recalls. they have a specific part of that web site set aside for the tacada air bag recall. we're talking 23 million air bags and 19 million different

vehicles, 12 different manufacturers. by the way, if your car isn't included now, it could be soon. i'll put a link on our web site. so go over there and we'll show you how to get to it. >> opted out of having the bank cover any overdraft by debility cards. >> it's kind of funny. the way the law is written, if the bank wants to cover an overcharge, they can. they're just not allowed to charge you for it if you've opted out. if you've opted out, you just have to call the bank and say you're allowed to pay the check and then bill me the money for the check, but no additional fees. >> jill w. e-mails how do superbowl tickets at a reasonable price. larry biel has none. >> here's how you do that.

you're really rich and you've got really rich friends and they write you a check and take you to the game. if you don't have really rich friends, it's not going to happen. we were just checking this morning and what do you think the cheapest is? >> $2,000? >> i think that's too low. i'm going to guess three grand, 3500. >> pretty close, $3998, which is 200 bucks more than it was just a couple of days ago. so, yeah, really, there's flo way to do it. go to your favorite bar, hang out and watch tv at home. >> go to the finney house. >> theist senate committee approved a bill today that will make school meals a bit tastier. it eases requirements on

deadlines to cut sodium levels. lobbying against the standards, as did agriculture secretary maintaining most of the healthier school meal rules. >> and what parents eat can make a difference for their future children. and the challenge of eating out. >> eating healthy can be a challenge and it's not just the salt and sugar in the feels. a new study found that more than 90 mnt -- more than 120 had portions much bigger than necessary. the study was publishedened it wasn't just the change, but also the local restaurant that served meals that were too big.

could help reduce the risk of diabetes. recent studies found that sleep deprivation may risk diabetes. but catching up on the weekend can reverse that somewhat. on the nasdaq, i'm jane king, here's to your health department. >> abc 7 news at 4:00 does continue. up next, hitting the qualitier. hundreds of firefighters head to the bay for a massive training. a look at what's coming up on abc 7 news at 5:00. >>. >> coming up, a seal that normally lives in the ocean has found its way to a bay area city. we'll have that story plus, how the head of twitter may have lost a comma. and why the dealership is about to skyrocket. those storie

here's a look at what's coming up tonight.

at 8:00 it's the middle and then the goldburgs followed by american family at 9:00. >> a lot going on on the bay today. >> it was an emergency response operation missing one thing. the emergency. abc 7 news reporter leig leigh anne menedez explains. >> jean lee is just pretending to be injured, but the people helping him are real first responders training for an emergency in waterers of the bay. >> obviously, 28 agencies with 600 men and witch participating. this was planned well in advance. it was not meant to be a preparedness exercise in time

for the superbowl, but isn't it comforting to know that they're ready for anything out in the water. >> any time you have this level of preparedness for the superbowl, which is huge, this is definitely going to help that. >> here, how to handle fires on board. how to confront a terrorist attack with a shooter and how to transport the injured. law enforcement usually train on land. we have great fire response. great police >> that's going to do it for this edition of abc 7 news at 4:00. we thaing for joining us. >> i'm larry biel.

abc 7 news at 5:00 beginnings right now. >> we have recovered a camera from the bus. >> critical new information tonight as investigations arrive on the scene to determine what went wrong in that greyhound bus accident. >> the house is destroyed and family pets killed. how a child's toy may have caused the whole thing. >> and b.a.r.t.'s about face about the fake cameras. >> we have two rounds of rain and wind coming before the week is up. timeline is coming up. >> announcer: live from the kgo broadcast center, this is abc 7 news. >> shot by shot, crash investigators document the mangled greyhound bus from yesterday easterble accident in san jose. their flum beryl one goal? >> we are here to investigate this crash, not only to look into what happened but why it happened. >> good evening.

thavngs for joining us. i'm christin zi. agt investigators are working to pinpoint the crash yesterday in san jose. we also now know the driver's name is gary bonslater. back on the story, live in gillroy. they and the national transportation safety board will have more room to go over the bus. now, the ntsb says they not only want to know what happened and why, but also what can be done to prevent similar deadly crashes. arksz bc 7 are first to see ntsb investigators of the first inspection. they were joined by a highway

patrol team called m.a.t.e. one task involved removing the 20 passengers' belongings from the baggage hold. >> and, yes, we have recovered a camera from the buss. we'll be looking into any recorded information. >> greyhound said that the on board camera captures video in two directions. such video could document whether the driver fell asleep at the wheel. the chp says the 58-year-old told them he was fatigued, but doesn't remember what happened between hitting the impact barrels and then discovering the bus had turned on itsds side. i asked an investigator if that was related to the investigation. >> anything related to the driver will be covered in our human performance investigation. >> they will spend several days here coming throw the bus's mechanical systems and visiting th