another dizzying day on wall street. that's -- that's one of our top stories. right now. market is on a ride. here is a live look at the big board. as you can see, the dow is back

below the 11,000 mark. this despite the federal reserve's recent affluentment promising to -- announcement promising to keep them low for two years. now more about the drive-by shooting in oakland that killed a 3-year-old boy. jade hernandez tells us what investigators had to say. >> reporter: oakland police would not go on camera but they now say that an arrest made thought to be in connection with the drive-by shooting of 3- year-old carlos is now not connected. they say that this investigation is ongoing and rapidly developing which might explain who has been taken into custody up until it this -- up until this point. i spoke to a pittsburg police

captain about the shooting death. the captain said two people had been arrested in pittsburg yesterday afternoon. in a knew development, the oakland police department reclosed a statement, clarifying one of those arrests -- "an arrest was made yesterday. however, it's not considered related to the shooting of carlos nava at this time. "we do know several wants have been carried out in berkeley and they've been near the area of 64th and international, where the memorial for the 3- year-old boy died is emerging. the stuffed animals continue to grow. >> you are tired of it. it makes no sense. you want to give something to the family. >> the family is asking for time to grieve. she says her son is inconsolable. police here say they confirm

that monday's drive-by is, indeed, gang-related and investigators are interviewing different gang members to flush out leads. the department comfirms that they believe justice will be served. jade hernandez, ktvu channel 2 news. >> thank you, jade. the 600-late day surge on wall street yesterday appears to be short-lived. let's take you back to the big board where started -- where stocks started the dadoing. the dow down 318 points at 10, 922. there's been more volatile trading today as investors well worn fears about the economy let more stocks tumble. jitters seem to be driving wall street today. we go to he noel walk -- to noel walker. >> reporter: by the time most people read this optimistic headline, it was already old

news. the overchanging headline can be founden on -- on any smart -- found on any smartphone app. the past two roller coaster days a few people here might feel like having a good shout. >> we've had some yelling. >> reporter: down, up and then up down. the -- and then down again. right now it's a sinking feeling. >> our economy, it's not good news for a while. that's just not happy. >> it's not what you want -- and then you wake up this morning and saw the european had started to sell off the french banks. >> reporter: the financial adviser said the only ning to -- thing to do is -- >> when you have income, you need to be saving.

>> reporter: stressful for short-term investors but for those looking long-term -- >> you take your 401(k) statement if you still get the paper statement, do not open the envelope and just put it in a file and look at it in six months. >> reporter: ignorance is bliss, for a little while. so the silver crowd to this dark storm that's coming in is that this is a good time for investors to get some deals out there. reporting live in the financial district, noel walker, ktvu channel 2 news. >> thank you. president obama is under -- is under increasing pressure to work on the economy. several democrats and plans say the president and congress are to blame for america's first ever credit downgrade. and with two weeks now of stock market volatility and losses, they say it's critical for congress to start solving some of the nation's economic problems. at least one former white --

white house economic adviser agrees. >> when you look at 9.1% unemployment and probably even more importantly, the absence. a real concrete plan to get america back to work. >> the president is planning several meetings this afternoon with timothy geiger. there's also -- timothy geithner. there's also word the president will be vacationing on martha's vineyard with his family. but even on that communication, he will be in communitycation with -- with -- communication his staff. coming up later we'll take to you a bay area that's busy trying to then people find work. we'll tell you why that is a he special day for the facility. a caltrain locomotive hit a woman south of burlington, near

the -- near the station and authorities stopped trains in both directions while they investigated. caltrain says this is the 12th fatality on its track the this year. the investigation -- on its tracks this year. the investigation continues. -- continues. fans going to the giants' game may want to keep that in line. stanislaus police are looking for thieves equipment. they say this man is a former employer. he had access to the equipment while he was there. he then posted bail on august 1st and then disappeared with his wife and two children.

>> hit mother-in-law says she was the eight tempted rain victim -- his mother-in-law says she was the attempted rape victim and is fearing for her life and grandkids. the two southern california men accused of beating bryan stow in los angeles pleaded -- pleaded not guilty. they are being held in lieu of $500,000 bail n court documents, prosecutors say -- in court documents, prosecutors say they have made what are admissions. dozens of people attended a fund riser last night at a comedy club in southern california. a group of philadelphia philly fans who live in the los angeles area, actually put that together. stow's family says he remains in serious question at san francisco general hospital.

military officials announce today that the taliban fighter who shot down a helicopter and other insurgents has been killed. the chopper killed 30 americans and eight americans. the head of the u.s. forces in afghanistan says the person who shot down the person was killed on friday. but they say they are still seeking the insurgent leader. it's happened again. a peninsula school has been hit again by schools. ahead -- ahead, what was taken this time. >> there's been some talk of a warmup, especially around the coast. we're in concord where thieves target a bingo hall. we'll tellwe'll tell how they did it, how much money they made off with and how it could impact hundreds of lives of students.

. it was a much calmer night in britain's city. the prime minister employed 16,000 lives to control the violence on the streets of london and today he promised authorities could not allow

youth gauges to -- gang to create fear. police say they've made more than 1100 arrests since saturday. colorado state police say they have arrested two brothers and a sister who have been the focus of a nationwide search for the past week. authorities say they captured 21-year-old ryan edward doherty, 26-year-old dylan doherty stanley and 29-year-old lee grace doherty in southern california. police say they fired on an officer after speeds in a chase read 100 miles an hour. today, marks two years since the disappearance of hassani campbell. a $75,000 reward is still being offered for information in the case. police say they believe he was the victim of foul play, possibly at the hands of --

hands of his stepfather, ross lewis. ross told police that he disappeared after he left him attended. his aunt was jailed briefly but released for lack of evidence. federal prosecutors say thiswoman and two other -- say this woman and two others scammed over $100,000 for babies pretending to be surrogates. she faces five years in prison. we first reported this story to you on our morning

newscast. now tara moriarty has information on how east bay students will be impacted by this crime caught on tape. surveillance video shows two men ramming their trucks through the hall just before 3:00 this moving. they quickly grab an entire atm and drive off. >> probably $5 and $20. >> reporter: not to mention the machine itself worth $9,000. the home operation took less than 60 seconds and the impact so severe it sent -- >> the high school level run -- ran it last night in indiana. >> pitts kind of sick somebody has to hurt kids' programs because they are desperate for money.

>> reporter: the walnut creek aqua knit, a nationally recognized -- aqua nut nationally recognized -- recognized operation. >> the operation runs two nights a week and those two nights basically cover our operating costs. >> reporter: ed a the cleanup -- and the cleanup continues. atm was inside but no cash -- the amount was inside but no cash. back to you. a pam low alto he element remember -- palo aloe elementary school has been vandalized. police say the suspects got in through a boarded window. that window was smashed during a previous robbery two weeks ago and they say the thieves

pried off the board. >> that's terrible -- it's scary. it's scary. i had no idea. why people would would be a -- would rob a school is horrible. >> the thieves took $300 worth of digital cameras this time but during the first break-ins they took $30,000 worth of other equipment. pieces of equipment that helped firefighters in redwood city. investigators say during the last couple of weeks, these have made off with several brass caps from sprinkler systems. in all, some 15 businesses and apartments have been hit. people looking for work got a boost in oakland. wells fargo bank handed over a check for $12,000 for the

training session. >> that money is used in several different ways, is -- particularly support with the students, with materials, supplies. the current class of trainees is scheduled to graduate tomorrow with an orientation -- with an -- with an orientation for class set earlier in the day. for some of is, we started off with sunshine. for others -- for others, that's too much fog on the coast. if you saying i'm in the city, i need something to do. maybe you can head to the intergiant -- to the giants' game. we'll go for a high of 63. some fog hanging by the coast means turns stay relatively cool there. we also have temperatures in the livermore area at 80. for some, the warm weather is starting to come in. 60s, 60s or 70s and then also 70s -- 80s. temperatures very close to what

we had yesterday. if you enjoyed yesterday, i think you will like today. look at all -- look at all of the fog, it's close. it burn off earlier. it will be back tonight. it looks like it will ramp out. but today, high pressure give us warm weather, so clearing skies. it's not -- it's nice to mild to warm to hot. we can get -- we can get the 90s away from the fog influence, but a rather some disturbance is going to take us into next week which means much, much cooler patterns. it is sunny for most. fog not going again reflective of that fog or no fog. 80s to low and mid-90s. well inland ukiah. 88 walnut creek. 90 in livermore. but 68 in alameda. south bay, 80s plainly. a couple of -- mainly. a couple of 80s.

fremont is 79. 79 in mountain view. 70 in san bruno or upper 50s in some of the fog prone areas. heather i don't see much change on thursday. but i see a big change as we take a look at your weekend, it's -- at your weekend, it looks like it's turning cooler. >> so enjoy today. >> i did it for you. >> thank you. >> you are welcome. if you were up late this morning you had a chance to look at the meteor snowshower. the sky's expected to peak on saturday night. you can try to get a glimpse, though, again tonight, astronomers stay the best time to see the meteors is between 2:00 p.m. and dawn. monday's system-wide shut down on b.a.r.t. is putting the spotlight on the

need to modernize the system. thousands of passengers were stuck up to three hours. the cause of the computer glitch is still independent investigation. b.a.r.t. says the system is nearly 40 years old. the chronicle says party needs 15 billion in upgrades over the next 25 years. but b.a.r.t. only has half the -- half of the funding lived up. a man is accused of secretly videotaping women at very private places. david worked at the store in him pete tis. investigators say he installed cameras like that one and the -- in the women's employee bathroom as well as the customer's restroom. we talked by phone with his ex- girlfriend who did not want to

be on tape. >> he was able to watch them using the restroom. several have filed a lawsuit claiming violation of privacy. still ahead -- where you can catch a free movie tonight under the cars. also -- a scare for some tourists who almost got too close to a dramatic act of nature. se. 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.

♪ [ folksy whistling ]] [ man ] quitting is a fight you can't let yourself lose. it can take many tries. but keep trying, you will beat smoking. honey, you okay? yeah, i'm fine. ♪ [ ukulele ]

. as you can see, the dow now still hovering below the 11,000 mark at 10,985. we've seen this fluctuate all day. at one point it did shoot up. the foothill deanza community college district hopes to build a $50,000 square foot facility at the new onozuka station in sunny vail. it's expected to offer many -- sunnyvale. it's expected to offer many different courses. take a look at this.

a group people got much more than they bargained for. that's when a 200-foot chunk of ice fell off. one tourist on youtube said it nearly took his head. well, no more driving to the train station. drivers could soon bike. the san francisco board of supervisors has voted to join a ride/share program. the pilot program shouldn't up -- should be up and running by next september. looking for something to do? well, san leandro families can enjoy the night and a free movie. the city's recreation and human services department will be screening ram we. anyone who wants to -- rambo,

anyone who wants to go should bring lawn chairs and blankets. well, coming up at 5:00, is anybody out there? also, facebook, shut down? why cyber care is saying that's their plan and could bay area hackers be part of it? we'll take a look at that. our next newscast is the news at 5:00. i will see you then. [ female announcer ] every box of general mills big g cereals

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