the plunge on wall street and a plunge around the world the u.s. stocks at ended down it yesterday the dow will drop 3 not 635 points at is the largest drop since december of 08 the global economy had a people hot selling stocks in another who down days for stocks in europe we are a

similar stories in france and in asia. south korea was down 10% there are signs they will shave off some of those losses >> all eyes will be on the federal reserve today and whether the central bank will stabilize the market some economists may offer a clear indication of how long interest rates will be at a record low buried earlier this summer they

ended a treasury buying program >> trying to buy or sell the house the housing market is going to take longer to recover this is thanks to recent bad a economic news it is going to take at least two years to recover from the first quarter of this year they are expecting prices to fall for another year before they start to increase >> in oakland police are searching for a suspect that killed a three year-old boy yesterday is happen yesterday afternoon a car opened fire as two men were walking down the street the men suffered minor injuries

to three year-old boy was killed caltran is joining us from oakland and trying to stop the violence >> still no arrest in this case the police chief has said a enough is enough the first phase is tactical alert they are saying that after the first shift is over they are going to be staying extra hours to hopefully catch the suspects this is him talking about phase two >> we're going to start another phase to with the 32 officers coming back where it wouldn't those at 32 back in patrol cars and take the 32 senior officers and put them into investigating this

marker >> that will go on for the rest of the week along relax the more money it will take we will tell you about where the money will be coming from. >> it was hard to get home i last night if you are riding bart there were huge delays on bart. the system was shut down for hours last line there was a network issue it was incorrectly displaying did doubt in the control center that trains were moving at the control center could not monitor the trains. or just to monitor and make sure everything is working ok?

>> some of the people are on the platform there are trains to pick them up this morning i have been here since 430 this morning and electronic signs are were implemented it will goal lot smoother than it did yesterday. >> we're not tracking any hotspot no extra delays on your drive no major incidents it will start our

bridge check at the bay bridge scene of few cars stacking up right at 6:00 a.m. in the cash lanes that your ride on the san mateo bridge flight this morning. and the golden gate bridge ride looks good you may need the windshield wipers allow little bit lighter than yesterday. >> a live look at mt. tam camera the fog is not nearly

as that 60s along the coast and '80s in land hallow of temperatures where later on this afternoon. this is a look of your seven day forecast mild stable weather for the next seven days not a lot of variants in our temperatures >> up with greg as the kron 4 morning news continues

it has gotten very serious and london they have arrested three people are charging them with trying to play all i police officers the police officer had minor injuries 300 people try attacked the police cars this writing began over the weekend they are protesting their debt shooting of a man is this video from a this morning firefighters were working brought the city putting out fires throw bombs have been destroyed by fire fighters and 25 people have been arrested in the

past three days >> one person has died and 16 other have gotten set from e-coli and all break from a farm in oregon. public health a fisherman said the source of the e- coli at our deer droppings the one fatality was an elderly woman. >> health officials have confirmed the first human cases of west nile virus to middle age men are recovering from the illness there has been 10 confirmed cases in the state of california will be right back at

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all eyes are on wall street this may be a rebound day and the latest. >> a lot of panic selling there should be a rebound it is not been to continue to fall. suggesting a recession in six months from now. during the debt crisis ways were figure is seen on add the politicians at that

time we saw data come out in tremendous spending consumers clear how support our economy. it looks like the market will be weaker we are starting to think that way. >> so basically since the '80s we're in this consumer problem all of us that our sabers rather than spenders

? we have a november 23rd deadline cuts will come to the economy the government is spending less than a nation we have more income taxes coming and we should be starting to save more we are overspending if our politicians can get their act together. this is a wake-up call our children will be allowed a better.

>> i'll always think 401k and a college fund the gate is going to need it and five or six years. >> it is not a stop and start kind of campaign after 2008 we had a big market sell-off if you were continuing buying five years is a long time you welcome the market downturn people that are born to suffer the most that do not have the time to recover. >> look allow blue chips stocks 12% and now you are

see an dividends in the 3 d 5% >> i would by pfizer a mcdonald's something is wrong with the financials in america you could take advantage of wells fargo at&t there is a lot of safety in the stocks right now. >> now an update on weather >> we are keeping an eye on at this morning fog over san

francisco and you can see the city's rodded intend it will eventually make its way out of here it is starting to think her upper all little fairly solid. a quick look at walnut creek a little bit clearer not as much in the way of frog fairly nice this afternoon temperatures in the '50s. i'll look a temperatures for later on this afternoon

below the warmer than yesterday 85 bohai a little more '70s and '80s. and in north bay copper '70s mid- 80s. mostly cloudy skies are seven day forecast stable weather for the next seven days temperatures what not varying very much. at 7:22

a.m. let's check that traffic >> we are not tracking any hotspots or delays all bridges all look good the metering lights have just been activated on the bay bridge it new-line heading into sacramento two lanes are closed. we are with you to attend a a.m. we'll be back. c? ]s

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trouble in europe we are keeping our eye on the market to oakland police are looking out for whoever shot a three year-old boy and a drive-by shooting two men that were the targets were injured but the boy was killed bart is running on schedule after they shut down service and last night it was the worst computer problem for bart in five years the kron 4 morning news will continue and the opening bell on wall street it is down one and and have% and this is all look above the fog in mt. tam we will be right back.

you gotta be ready for what happens next high gary >> so what do you think you deploy are what? >> it was a tough day on the market yesterday yielded the backdrop and all the uncertainty out there if there is a silver lining you have to reach investors are still moving into the treasury and the core of financial system they still

view treasurys as a safe- haven with the sell-off we seen the evaluations are compelling the market is looking for some direction we have a policy meeting today. >> when you look at the returns for treasuries they're not that fabulous >> when your concern about big losses everywhere they moved out of the stock market commodities you're just looking still hold on the value of your capital we will see that eases you get this big sell-off and all the reasons for the market will tell us >> we are also watching for

what the feds to discourage its banks to leave them there keeping these rates near 0 they could be buying long-term treasurys letting summer that it shorter securities mature driving interest rates down. about a year ago they increase and

had a boost in spending. >> what is the strategy for your firm of moving forward >> art portfolio managers and the balance of the accounts between the two take along your view of the market they might take advantage of the evaluations and a look at it but company by company month of it is managed by portfolios. how strong the financials are there are opportunities out there for sure. at the company level there are all

lot of when good-looking activities. >> other stories we're following renown in oakland police are continuing to search for the suspect in a drive-by shooting that killed a three year-old boy expressed someone in a car opened fire on two man walking down the street bois bitumen suffered minor injuries but the three year- old baby died will trend is at the same and will let us know what police are doing >> what they are doing is a two-pronged approach the men at that are on at that day are staying over there is still investigating who shot this 3 year-old boy they

also rehired 32 officers they will immediately hit the streets this all cost the money and this is what he had to say about the money issue >> budget concerns are not my concern safety in the city is my concern this is a human cry that this city needs to say no more three allies have to be lots >> extra ships are being handled by the officers they are asking to provide your dollars and about highway patrol quick to swing by to help the officers. >> 635 a m it is great out there. >> this is our view from the

roof cam ranh you can see the cloud cover over the city we are seeing a overcast conditions warmer than yesterday temperatures in the upper 80s no big surprise. i'll look of the fog on satellite. san francisco enjoined overcast conditions of this morning. we are looking for temperatures in the '70s and

'80s a little bit cooler in the north bay area that your weather and we will have your seven day and all little depth >> there are no hot spots or delays in your drive up around the bay will be a good one at the toll plaza, metering lights have been active for 20 minutes and nothing to concern yourself about an easy trip san mateo bridge still looks good lighter than the usual traffic and the golden gate bridge more fog this morning and it is building a

lot last drizzle then yesterday in the newsroom and the very latest is just >> in > what i show you what's happening on the big board stocks are up on hundred and 25 points so we are heading in a positive direction stocks are still under the 11,000 mark. so the jury has rendered its verdict --

guilty. [ cheers and applause ] i'm here with the defendant. sir, the plaintiff claims she changed her travel plans, paid the difference in airfare, but you added a 150-dollar change fee. oh, boo hoo. who can afford a 150-dollar change fee? me. well, she says she's going to fly southwest next time because they don't do that. they love customers, i love cash. [ male announcer ] don't pay a change fee on top of a fare difference. fly southwest, the only major airline that never charges change fees. 6:41 a.m. palo alto will be smelling gas some time today pg&e will be inspecting the pipelines >> life is going to be disrupted as p g and e test

their lines this is above the ground testing there will be noise and gas smells this is hydrostatic testing making sure that the pipes are safe to use the two lines are being tested one running on middlefield road. >> a quick rate as the kron 4 morning news continues and we are still watching wall street.

the dow jones industrial was up overall hundred points and now it is up to 42 we

have seen these wings on wall street s&p 500 are watching those numbers also it appears to be a big comeback we're were up 130 and heading back down and now were heading back up again >> we are hoping to see the sunshine. >> if it is all going to be tough to imagining the sunshine after all this cloud cover we have some early morning sun rays if bread would this afternoon will be 88 and sunny. our inland spots are enjoying the sunshine martina's 77 and cloudy a quick look at

our satellite and our roof camera of the foggy cloud cover over san francisco the fog will once again return later on in the evening we will be a touch warmer than yesterday. depending on where you are will be a nice sunny day the fog of right now is centered over the north bay and san francisco area portion stretching out. our temperatures will look like this later on this afternoon. we are looking

for a mid '70s. that is where our warm weather is going to bay 78 in santa rosa of an downtown sampras's go will be in the mid-60s with mostly cloudy skies if you're going to be a the ball game of when they take on the pittsburgh pirates we're calling it mostly cloudy and cool first pitches at 7:15 p.m. this is a look of your seven day forecast mild and steady as we head into the next seven days temperatures fairly even at 648 and will see how

we are making it through the morning commute >> we are keeping track of bad traffic centered and good news we have not found any problems everything looks good pick up some cameras here as we check our bridges at the bay bridge " even with the metering lights activated there is a short wait at the toll plaza. i do not see much movement so there may be a problem san mateo bridge has been a problem free and the volume has built up on the west bound ride we are still looking at a good try to time and your ride to the golden gate bridge highway 1 a 1 fog and again this

morning not quite as much drizzle as yesterday you will still have an easy ride. public transferred after bart a rough day yesterday cost and future delays is running no problems this morning >> new this morning the estimated cost high speed rail project is rising by billions environmental impact companies the initial will be content to 15 billion. that construction on the first section is to begin in a year >> lock your doors is what police are saying 38 deaths have been reported in the

past month one car broken into a 500 block of baker street another vehicle at in all of street items were taken for three unlocked cars. police are reminding residents to remove valuables from their vehicle and locked the doors >> details on the warning that pg&e had a prior to that explosion they repeatedly ignored reports and even punish workers for speaking out one of the workers sued pg&e he claimed in his lawsuit officials held him overnight in a hotel and ordered him to have a psychiatric evaluation because he notified them of safety issues in several sites

>> the market was up 13 and now is up 83 >> tie now 652 a m we all might see a peak of sun and won a one traffic northbound looking pretty good we will be right back. [ male announcer ] brace yourself for the big, bold taste

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oh, is there a castle nearby? no, but there's a charming farmhouse. right next to my posh castle! i'm sensing a theme here. well, i am the queen, dear sister. get your annual ikea catalog today. time now 6:55 a.m. and this picture of arnold schwarzenegger wearing a t- shirt saying i survived it

maria it was made by it up her staff as a joke and since the couple is in the middle of a expensive delores and this is some of the responses coming in. i love reading your comments and if you'd like to leave around post them on our fan page at kron 4 dot com >> the forecast we are in the mists of clouds and overcast today of few pace of sunshine we are looking at mid '80s into the weekend that clouds and light not all little bit and

we will see more sunshine for the weekend. >> and we are watching wall street and the dow is climbing it is up zero hundred and 34 points right now as impi up 17 we will follow the numbers throughout the morning we will be right back as the kron 4 morning news continues. fog and cloud cover we will be right back .