a wild ride on wall street today as stocks swing up and down, following yesterday's 500-point plunge. here is what it looks like right now. after a better-than-expected report on adding new jobs. good morning. i'm cheryl jennings. >> i'm eric thomas. economists say the jobs is encouraging but not enough to ease worries of investors. the nation's unemployment rate dropped from 9.2 to 9.1%. california unemployment rate is 11.8%. abc7's terry mcsweeney joins us from the employment development department in san francisco with more. terry? >> at the employment office, folks aren't so much concerned about the big picture jobs report. they're more concerned about the job report as in the one

that will turn their personal economy around. earlier, i was at the san francisco floor of the new york stock exchange where desplat -- despite the headline may ham in the market, they say to buy more stocks. as the dow jones went up and down every way this morning, brokers took it in stride. traders know august through october is the slow season. they have huge stocks to the sideline. the initial enthusiasm about the drop in the unemployment rate was tempered by the details of the job report. >> then you read the numbers more and there are less people looking for work. they are looking for report on the development branch. as he expects, construction job in the near future. >> years ago, it was kind of iffy, with the budget cuts and stuff. a lot of jobs sent out were canceled due to the budget cuts. too many people working on the job. now i see the construction going on around here to look

like it's opening back up. >> the most optimism came from frank reynolds. nine months ago he was jobless, homeless, drug addict addict addicted veteran. >> i'm going to truck driving school to get my license and all of that. it will make my job situation better. >> back at home, free advice for those worried about their future and 401(k)s. >> if you are under 50, this is a wonderful opportunity to keep buying equity. they will go back. americans are not going anywhere. we're the gold standard. >> i was talking to the manager down there at the san francisco floor of the new york stock exchange. he tells me that the dow jones pretty much has a season. november through may is the growing season. stocks going up. the rest of the year, they go down. kind of like there is a season to every purpose under heaven. i didn't expect to end this

report with a quote from the bible. terry mcsweeney, abc7 news. >> thank you very much. president obama is welcoming the latest unemployment report that says more jobs are needed to make up for the loss in the recession. and the president said even though the pace of job creation was the strongest since april, it needs to become self-sustaining where people are spending and companies are hiring. >> i want the american people and the partners around the world to know is this. we're going to get through this. things will get better. we're going to get there together. >> the president was speaking to an audience at the washington navy yard where he asks congress to pass series of tax credit for employees to hire unemployed veterans. >> another generation of young veterans earn the challenges don't end in kandahar or baghdad. they continue right here at home. today we're saying to our veterans, you fought for us. now we're fighting for you. >> the administration says there are more than a

million unemployed veterans in the united states. one-fourth of them enlisted after the september 11 terrorist attack. a 9-year-old boy is now reported in critical condition, after being struck by a hit-and-run driver while leaving the giants game. a woman was injured. at this hour, suspect was in custody. amy hollyfield is live at san francisco general where the young victim is treated. amy? >> the parents are by their side. they're in town from philadelphia. they were here for the giants-phillies game last night. it was on their way home from the game that the boy was hit by the truck. police arrested 21-year-old andrew vargas of hayward. they found him in hayward a couple hours after the crash. he's charged with leaving the scene. dui. they think he was over the legal limit. and open container. he's in jail. the bail is set at $65,000. police have 15 witnesses, some went to hayward where he was arrested to identify his truck. the accident happened in san

francisco. downtown. mission and new montgomery. witnesses say after the boy was hit in the crosswalk, the truck then went on to plow to several cars on mission street. before that, he had been driving the wrong way on new montgomery, which is a one-way street. a woman was also hit last night, her foot was run over. she is okay. she is from granite bay. the boy is in critical condition. she is at the -- he is at san francisco general hospital suffering from head injuries. >> thank you very much. the san jose police are investigating an early morning murder. they were called to 4200 block of albany drive just after 2:30 this morning on reports of a stabbing, as they arrived they say a 48-year-old man identified him as the suspect and was arrested. minutes later, they found a woman stabbed to death in a nearby apartment. police say it's clear that the two new each other and believe it could be result

domestic dispute. they have seen a troubling rise in homicide. 29 in san jose in 2011 compared to just 20 at the same time last year. oakland's police chief now says he is congesting posting the pick -- he is going to help convince potential customers stay away from oakland. it came as the community group unveil billboards on yesterday meant to discourage prostitution along international boulevard. it asks for men cruising for prostitutes, what would they do if it were their daughter working the street? police chief batts says he is considering a plan to use dear john letters to those loitering along the international boulevard. >> chief batts says eight more of the officers laid off last year will be returning to the department in the next few weeks. oakland tribune reports 42 of the 80 laidoff officers will return if all goes as

planned. that total includes ten officers, mayor jean quan authorized rehiring in january. 24 more officers begin retraining this week and are due back on the streets as early as august 16. the chief says the other eight new hires are wrapping up other commitments. mayor quan says rehiring will save the city money to bring back the experienced officers rather than playing to train new ones. >> coming up, new plans for the burning man. organizers of e successful nevada counterculture festival unveil a project that could be a boost to san francisco. >> and what temporarily ends a political standoff and sends thousands of airport employees back to work. incl

ed lee is helping the burning man project launch non-profit in the city today. the "san francisco examiner" says they plan to build urban cultural center in the city to provide gallery spaces, classroom and sites for ceremonies. the black rock art foundation putting on the burning man counterculture festival announced they are going to relocate on sixth and market street. it's a massive week long art and performance festival in the black rock desert that attracts tens of thousands of participants. today, the senate passed a temporary fix to get the

aviation workers back on the job. that includes dozens of construction workers building a new tower at the oakland international airport. they are expected to resume work on monday. we report on how the maneuver only took two senators. >> relief is on the way for 4,000 federal aviation employees and more than 70,000 construction workers who lost their paychecks when the agency funding expired almost two weeks ago. a bipartisan compromise reached yesterday cleared the way for the senate to approve a house bill extenting the faa operating authority through mid-september. the senate took that action this morning. >> the motion to reconsider on the table with no intervening action or debate. >> hearing no objection, so ordered. >> most senators have already left for august recess. but it only took two senators 47 seconds to approve the measure of what is known as pro forma session. president obama is expected to sign the bill as soon as it gets to his desk. the partisan standoff that

led the shut down cost the government enormous money. while the lawmakers were arguing how to save $16 million a year, they were actually losing $30 million a day in uncollected airline ticket taxes. during the stalemate, the government and the taxpayer lost almost $400 million. >> this is an example of a self-inflicted wound that is unnecessary. >> everybody wants to play hardball. hardball hurt us. >> furloughed workers should be back to work monday morning. the nearly 250 abandoned airport construction projects will resume. but many faa employees say the damage has already been done. >> i think congress -- [ inaudible ] every person at home right now. >> the i.r.s. and treasury said it would be up to congress to decide if the government would recoup the lost taxes from the airline. the travellers should still recoup the taxes for the flights they took.

it's been one year since a huge mine collapse trapped 33 chilean miners half a mile under ground. they were working on the driest place on earth and it took nerve-wracking 69 days, ten weeks before the crews could drill a narrow rescue shaft and get them to safety. they have been invited to events all the world to disney world and manchester united soccer match and state solicit to israel. recent survey shows most of the men did not benefit financially and 18 of the 33 of them want to go back to work under ground. >> wow. amazing. summertime is here. not what we expect. >> where? >> right. where is right. >> keep looking. only 59 at the airport. still delays of about an hour. take a look at the bay bridge. lots of clouds there. close to the bay, still gray around hayward. but we're in the 70s. far east bay valley. talk about the weekend and beyond coming up.

>> the secrets of the solar system could be uncovered by this nasa probe. we'll show you this morning's launch coming up next. >> dog lovers in pacifica are anxious to hear a

scientists say a new lava flow has begun at kilauea and has been erupting for three decades.

experts say it doesn't pose a hazard to residents in hawaii. it started oozing on wednesday, half a mile. kilauea is one of the world's most active volcanos and has been erupting since january 1983. a sewlar powered -- solar powered spacecraft left for jupiter. iggest planet ke five years in the solar system. this is a picture tweeted by nasa earlier in morning. it will be powered by three huge solar panels and set the record by the farthest distance traveled by spacecraft. others relied on nuclear energy. they hope to figure out how the earliest planets formed by studying jupiter. >> a lot to learn here. >> the physics is crazy. it has to orbit the sun for a year and come back to earth.

use gravity of earth to fling its to jupiter. >> can youic if the weather? >> no. the same old, same old. this is nice and sunny in the east bay. the fire danger is slow. there is a flip side to all of this cooler than average weather. we are still hanging on to clouds around oakland. fremont trying to break out. in most areas, sunny or sooner today. the coast, 59 degrees. 75 in antioch. you have had sign all morning long. low clouds retreat to the bay soon. we have sunny skies at sfo. the delays are lifted. slightly warmer inland today. we'll still hold on to the cooler than average weekend. we renot going to shake things up yet, but we will by tuesday. it will turn around. we have a sun and cloud mix throughout the early afternoon, the east bay community is cloudy.

sunshine there partial sunshine in the city. well below the averages. upper 80s. low 80 in livermore. 70 should do it in oakland. 68, i should say. should be 70. mid-70s in san jose. a couple of area of low pressure through the weekend to allow for the cool number and return of drizzle and fog. sunday we will get on the back side of this and early in the week we'll warm up. first weekend of august. following suit for the cooler than average temperatures all summer long. this is getting used to it. the highs tempered with the upper 80s this week.

the heat holds on in the desert. at home, a nice afternoon. sunny for a while in south bay. beautiful day with 75 in milpitas. 78 in saratoga. peninsula numbers, cool where it's gray. 50 in pacifica. low 70s around redwood city. 63 downtown. starting to brighten up here. near the east bay, clouds hanging on here. san leandro, 69. out over the hills, 70 in dublin. 80 in pleasanton. up and down over the weekend. we will see the temperatures come up each and every day for the outlook. >> summer we call that. thank you. >> the vallejo school board is close to hiring a security firm to guard against copper thieves. they have suffered $100,000

from vandals stealing copper. the school board voted to solicit bids from security firms providing patrol to protect the property. need a high-tech tool to track down a missing child? thanks to the f.b.i. there is now an app for that. the federal bureau of investigation created the child i.d. app for the iphone. it allows parents to electronically store photos and vital information about their children so they can access it quickly if a child disappears. it provides a quick link to emergency services so parents can alert authorities about a possible abduction. the child i.d. app can be downloaded for free at apple's itunes app store. pacifica dog owners could find out if they received enough vote to win a contest to bring new park to the community. they have been working to get a dog park built in pacifica and they found the per sect spot bend the city recreation center, but need the money.

so they entered an online video contest bark for your park. they know they made the time 15. today's winner get dollars 100,000 -- $100,000 to build the dog park. >> a lot to bark about.

another famous name is drawn in britain's phone hacking scandal. sir paul mccartney says he will contact police to discuss his ex-wife's

allegation that they were spied on by british newspaper. the former beatle calls the hacking a horrendous violation of privacy. mccartney is the latest celebrity to be dragged in the scandal which resolves around allegation that journalists routinely eavesdropped on private phone messages and bribed officers for tippse on rich and famous. later today at 3:00 on 7 live what happens when a regular person buys kim kardashian a wedding gift? then on news news at 4:00 and 5:00, michael finney has reviews of popular jim in a box product that promise benefit of fancy equipment witht the expense. those stories and more later today on abc7 news at 4:00 and 45:00. let's meet today's perfect pet. lisa? >> a cute guy. we have a need from the spca. dog with an interesting mix. >> he is.

a pretty irresistible guy. this is spence, who is a 3-year-old jack russell chihuahua mix. as you can see, he is a little guy but lively and playoff and likes to snuggle, too. as you can see. he likes to get his tummy rubbed. >> for a dog, people with a dog or small children, a dog is okay with small children, maybe not. >> for really little kids, sometimes they have trouble distinguishing between real dog and stuffed dog. might not be perfect for really little kids but other than, that he will be perfect. good with other dogs. >> black in his eyes. his tail. >> tiny, black spots here. but pretty much black head, white body. love to say hi and find a new home with you. >> if you have a cat? >> iffy. most cats are bigger than he is, so it might not be a

problem. but jacks like to chase. >> if you adopt an animal, they have a micro chip. >> spayed, neutered, micro chip, leash. whole bit. >> thank you. he is cute and furry. give him a home. >> we like cute and furry. from all of us on abc7 news thank you for joining us. >> "who