>> dan: yes, he is. he handled the graham situation like a good politician. >> ian: the 19th president of the united states, rutherford b. hayes. that is freaky. >> dan: especially when you put eyeblack on him. >> ian: it's as if brees was in a delorean with doc, went back and served our country as president, that's a young rutherford hayes. >> dan: brees is talking about playing until he's 45 or so and i think we have a picture of rutherford b. hayes at 45. we'll show you after the play. >> ian: harnish on a dump-off. zuerlon tipton out across the 35 yard line. that was a young rutherford b. hayes. that's an older version. i think that was after his one term as president. >> dan: life is rough in the nfl but apparently it's rougher as president. >> ian: on first down. a throw that's too high for eric thomas. >> dan: i feel like i'm working with mr. peabody and the wayback machine. >> ian: it's a little bit like that. 23-17. saints leading the colts. we'll get a presidential lookalike for andrew luck nex

>> dan: yes, he is. he handled the graham situation like a good politician. >> ian: the 19th president of the united states, rutherford b. hayes. that is freaky. >> dan: especially when you put eyeblack on him. >> ian: it's as if brees was in a delorean with doc, went back and served our country as president, that's a young rutherford hayes. >> dan: brees is talking about playing until he's 45 or so and i think we have a picture of rutherford b. hayes at 45. we'll show you after the play. >> ian: harnish on a dump-off. zuerlon tipton out across the 35 yard line. that was a young rutherford b. hayes. that's an older version. i think that was after his one term as president. >> dan: life is rough in the nfl but apparently it's rougher as president. >> ian: on first down. a throw that's too high for eric thomas. >> dan: i feel like i'm working with mr. peabody and the wayback machine. >> ian: it's a little bit like that. 23-17. saints leading the colts. we'll get a presidential lookalike for andrew luck nex

. >> good morning, dan.i worked at cdc, i was involved in the development of those special pods. they were designed to be able to transport safely a person infected with the most deadly germs from anywhere in the world. jetting away from liberia where ebola is deemed out of control, one of two missionaries, either nancy writebol or dr. kent brantly, is on their way back to america today. they're being airlifted one at a time in a specially designed gulf stream jet enclosed in an isolation tent like this protecting the crew from the deadly virus. it's more than 5,000 miles from liberia to the united states. they're going to land in a secure area at dobbins air force base here in georgia then transferred to nearby emory university hospital, one of just four top level biocontainment units in the country. >> we've run through these processes before. we've run through these drills before. the process will work. >> reporter: their secure unit is similar to this one at the university of nebraska. this video is a dr

the thing that dan speaks of is very important. europe is in trouble, and their rebound this week doesn't improve it, just sets it back to where it could get in trouble again. >> it seems like those sectors, that would be good news for this market rally. >> or, it's a late stage phenomenon. but the thing that did happen is that financials and consumer discretion which have been laggards for a long time did catch a bid. >> let's talk about the trade today. >> we didn't talk about oil. this is a uso etf. oil was down 3 1/2%. there's reasons that people talk about oversupply and we're talking about weakness in europe and china and economic data. it could be a demand issue, too. but the trade i want to do is a little, it's a little contrarian. the crude has been down 11% since the june highs when isis started to make inroads in iraq. now, i want to fade the complacency. i think it's way too complacent. i think things are going to continue to get worse over the next few months. i looked at the uso when it was 34.85 i bought a risk rever

dan? >> thank you. know what do you put in a buttermilk pie, like what's the stuffing? can we find that out over the commercial break? >> you can put anything in pie. >> coming up on "gma," check this out, a role reversal. who is the owner, who is the pet here? the dog showing a little bit of love. that's coming up in "pop news." >>> but let's get it down to texas once again and, paula, what do you have coming up in the next block? >> well, everything is bigger in texas. right? including some large predictions and standing by, two of espn's finest, we have lee corso and we have kirk herbstreit ready to weigh in with their predictions and coach has a helmet under here. it's all coming up. i think i'm getting the hang of it. [ jay ] okay, now pick up the specially cured bacon! hit it with the brown sugar! now roll that beautiful bean footage! yes! [ jay ] bush's baked beans are slow-cooked according to our secret family recipe for a big flavor. high score! you get to put your name on the wall of fame! [ b

dan? >> alex, you said it, scenes out of the middle east in middle america. thank you. stay safe down there. >>> meanwhile, this morning, for the first time, we're getting a look at the officer who shot and killed michael brown. that's the incident that kicked off this chaos. officer darren wilson. he's in hiding but we're learning a lot about him. and abc's steve osunsami is covering that angle, also from ferguson this morning. steve, good morning to you. >> reporter: good morning to you, dan. the families have been saying this. police shared long before this the pictures and mug shots and names of all of those people involved in the looting and beating earlier this week. long before they shared and identified this officer. the mistrust here is strong. this morning, families here are getting this first look at the policeman who shot and killed michael brown. here's officer darren wilson, awarded for his police work last february in a photo posted to facebook. he's just 28 years old, a six

we now want to go to dan who is standing by. as our stand by and we move into nightfall it presents new challenges for those in the quake's out. >> dan kerman k it looks like a haphazard pattern of roadways. but it is a little bit more than that. here is some video from earlier today. look at the devastation on this road near congress wrote--road. this road was a direct line with the epicenter of the quake. >> we are seeing the same kind of damage in a straight line from here all the way down to the epicenter. it is all in a perfect line. if you look at it on a map is in a line going down to the reported at the center. >> dan kerman k if you take a look towards where the epicenter is supposed to see0 the0--0 where the epicenter is supposed to be used the damages spiraling in towards the epicenter. we are back here live in downtown napa (poor audio) you can see all these bricks that have fallen down. it is not a matter of new or old, reinforced or not reinforced. according to city officials some of the new buildings did well and

. >> dan, we love you! >> one word for you guys, one word for you guys, boo ya. >> wow. >> i did it twice. we weren't rolling the first time. >> oh, my word. >> oh, my god. >> dan, i'm so proud of you. let's turn it over to meteorologist bill kelly from our abc station wxys in ohio. . >> i did jump into a le that was ten degrees for make-a-wish. we're starting out into the northeast. temperatures this morning into the 40s and 50s. a light sweatshirt. should be beautiful. check out this live shot out of philadelphia. lots of sunshine. headed down the shore today. make sure you bring the sunscreen and sunglasses. you know we're probably sunny weather is desired is down in florida. yesterday in sarasota you guys had an half inch of rain. heavy in spots but man you have had seven days of rain. more storms expected throughout florida today with temperatures into the 90s and more rain, some heavy rain through parts of missouri up >> it still feels like autumn in august out there. you u can see some high clouds d

. >> dan, we love you! >> oh. >> one word for you guys, one word for you guys, boo-ya. >> wow. >> i did it twice. we weren't rolling the first time. >> oh, my word. >> oh, my god. >> thank you. thank you. >> dan, i'm so proud of you. so let's turn it over to meteorologist bill kelly from our abc station wsyx in columbus, ohio. are you next?. >> well, yeah. i've been challenged like four or five times. i haven't done it yet but i have jumped into a lake when it was 10 below zero for make-a-wish. so i earned the cold badge. we're starting out into the northeast where temperatures this morning into the 40s and 50s. maybe a light sweatshirt if you're going out for that morning tee time. should be a beautiful day, though. check out this live shot out of wpvi in philadelphia. lots of sunshine. headed down the shore today. make sure you bring the sunscreen and sunglasses. you know where probably sunny weather is desired is down in florida where yesterday in sarasota you guys had an half inch of rain. it was really

>> well, it really boils down to one of the neighbors and that's dan davis. barry kept telling me that dan was pissing him off, doing little things to get him mad. >> reporter: they say good fences make good neighbors. well, not in this case. seems mr. davis had been trying to build a fence between his property and barry swegle's driveway. how far back does that go? >> oh, it goes back for years over that fence up there. >> i think he wanted something that didn't belong to him and he was mad because we were fixing it. >> property lines are the most heated dispute between neighbors because people believe in lines and yet both neighbors believe the line is different. >> reporter: real estate mogul barbara corcoran has seen so many of these disputes spin out of control, she should be given a permanent seat on the u.n. security council. >> it takes two to fight. if either of them had handled this intelligently, the whole thing could not have happened. >> reporter: taking the long view, as in "from outer space," there's dan's property and adjacent to it, barry's d

i'm dan ashley. >> here's the latest.quake hit the north bay at 3:20 this morning, the epicenter was located three miles northwest of the community of american canyon in napa county. >> the largest quick for the bay area since the 6.9 earthquake 25 years ago in 1989. security cameras captured the moment the quake hit this morning. look at this. this is video from a driveway security camera, showing cars shaking in american canyon near the quake's epicenter. >> some of the most extensive damage is to napa, buildings have partially collapsed. more than a hundred people went to hospitals for treatment. >> few of them were critically injured, most by falling debris. wineries are reporting significant damage. >> we have a team of reporters, starting with laura anthony. >> live at the napa valley mobile home park, the site of a huge fire this morning. >> hi, let me show you all the residents had this morning when the fire broke out, their own personal fire-extinguishers. first they had the earthquake, then within a few moments

dan? >> so dangerous there, brandi, thank you. >>> now to hawaii which is paradise underwater right now. hit hard by a rare tropical storm, part one, in fact, of a double barreled extreme weather threat. the state has not been in a situation like this for decades and abc's clayton sandell is in hilo, hawaii, with the latest. good morning to you. >> reporter: good morning. iselle is now gone but there is still plenty of cleanup to be done and now everyone is nervously watching for julio, now just about 600 miles offshore. this morning, crews are breaking down debris after the first tropical storm in 20 years brought large waves and heavy winds to hawaii's big island threatening the area with landslides as residents dig out of the damage. >> anybody here? >> reporter: iselle's fury helped destroy this structure. powerful gusts leveled hundreds of giant trees that took power lines down with them. crews are scrambling to get the lights back on. >> it was scary. it was scary. >> you don't reall

dan mitchell is next for it on tax reform. prior to joining cato, he was a senior fellow at the heritage foundation. 1998so served in the bush-quayle transition team. he holds a bachelors and masters degree in economics and a phd in economics from george mason university. david burton focuses on tax matters, entitlements, and administrative law at the heritage foundation. he was a general counsel for the national small business association for two years prior to joining heritage. he was previously chief financial officer and financial counsel of a conservative alternative to the aarp. ike brannon is a fellow at the george w. bush institute. he is president of the consulting firm capital policy and analytics and former director of economic policy and economic relations for the american action forum. he served as an economist for the john mccain campaign in 2008 and he has a phd in economics from indiana university. i will turn it over to the policy guys. >> hello. remarks is going isbe explained to you -- it going to his bike t

i'm dan harris. the fire captain in the city of napa, california, says it was the worst shaking he has ever experienced. the quake hit in the dead of night setting off raging fires like this one sending bottles flying off the shelves in the heart of wine country and damaging historic buildings in downtown napa which is a mecca for tourists, in fact, you could see some of them wandering through the streets in their bathrobes after being jolted so rudely out of bed. look at this surveillance video. cameras rolling during the quake itself. vehicles shaking as debris falls all around and there it is on the map, the magnitude 6.0 quake hitting north of san francisco. the governor declared a state of emergency tonight and we have team coverage of the napa valley earthquake starting with ryan owens right there in napa tonight. ryan, good evening. >> reporter: good evening, to you, dan. apocalyptic may be the best way to describe the scene behind me. look at these mobile homes or what's left of them. they we

dan rather or just about everyone in the world? >> i think everyone in the world. the two-thirds i go with. all you do when you do that is encourage them to do more kidnap ing you have got to do something about it. you have to say to people if you get caught, we're going to try but we're not going to pay ransom. that's what we have got to do, go in and do it with force. >> who comes up with the numbers? they say they want six and a half million dollars for an unnamed female journalist. they wanted a lot for james foley and they beheaded him. >> when isis asks for money you don't send money you send troops. we need to show these terrorists that when they kidnap an american it does not result in a payment. it results in swift retaliation. al qaeda knows that the european government will pay the ransom. european governments have given al qaeda $125 million since 2008. they are basically giving them money to continue to be awful evil people. >> dan rather was not speaking in reversal. he w lking abou if someone on his team, on his network wh work for him was kidnapped.

. >> reporter: good morning, dan. given what we heard about his condition when he was in africa, i was as surprised as anybody to see him walk out of that ambulance. it is a really positive sign. stepping out. dr. kent brantley, seen here on the right, walking into this georgia hospital in a biohazard suit. he arrived on saturday, touching down here in dobbins air reserve base. he stayed in an isolation chamber like this, developed by the cdc to transport those with the most dangerous diseases. he was then transported to emory university hospital. seen here walking in under his own power. shocking friends and family. >> to see him walk, which hadn't occurred to me, was just unbelievable. >> reporter: brantly now getting treatment in an isolation room like this one. seen here in the university of nebraska medical center demonstration video. >> a lot of it is the really important sportive care. frequent vital signs. iv fluids if necessary. blood transfusions if necessary. >> reporter: the ebola virus is only contracted

>> that is the trend line dan has drawn. are we going to hold trend?t stocks are not, the market won't, we are more in the 1760 not 1860. >> 1760. so even further to the -- >> can i button it up? >> yes. >> when we look over the year when the vix got to 20, 21, they have been great sales of all. they have been good opportunities to buy stocks. i don't have a crystal ball. i don't know where things will go. if are you a dipper, you want to wait until carter says it gets back to the trend line. that's where you should add or pick a bottom here. i wouldn't do it beforehand. >> forget about utilities and telecom, we will tell you what went wrong with the safety trade when "options action" returns. [bell rings] . . don't look for safety here. big dividend payers like verizon didn't provide sheller. that was bad news for mike and carter. take a look. on "options action," it's the only way to make a winning call, rick less to make more. that's what coe and carter tried to do. >> i think you throw back and make it back to the high, 60. >> so he called up his b

there was just a lot of chaos. >> dan fractures his tailbone but he's able to walk. betsy's leg is broken in three places, and she's in excruciating pain. >> my foot was completely dislocated from my lower leg, and if it wasn't for skin, i would have lost my foot. the pain was pretty incredible. >> dan is ecstatic to see betsy alive, but he fears that another wave could hit at any moment. >> i'm telling the doctors get her off the beach, get her off the beach. i don't know how many times i repeated it, get her off the beach. >> it was survival at that point and i just needed to get to safety. >> paramedics put betsy on a gurney and are able to carry her away. with relative calm restored, the mavericks competition goes on as planned. >> there's some broken legs and broken boards, broken spirits, but the contest rolls on. >> and tyler finally gets the show he's been waiting for. >> i had never seen waves like that before, and to see these tiny, tiny people dropping in on just giant waves a half mile offshore was amazing. >> betsy forman is still a surfing enthusiast bu

>> that is the trend line dan has drawn. are we going to hold trend?re not, the market won't, we are more in the 1760 not 1860. >> 1760. so even further to the -- >> can i button it up? >> yes. >> when we look over the year when the vix got to 20, 21, they have been great sales of all. they have been good opportunities to buy stocks. i don't have a crystal ball. i don't know where things will go. if are you a dipper, you want to wait until carter says it gets back to the trend line. that's where you should add or pick a bottom here. i wouldn't do it beforehand. >> forget about utilities and telecom, we will tell you what went wrong with the safety trade when "options action" returns. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market

dan. >> brave new world. thank you. >>> as we mentioned earlier the college football season kicks into full gear, the start of a brave new era for the league. one designed to answer the prayers of frustrated fans. back to paula faris in ft. worth, texas. good morning once again. >> good morning once again to you, dan and, you know, believe it or not, even the politicians in washington could agree on this, the old system to determine a college champion just wasn't working so this is their attempt to fix it at the end of the season, four teams hopefully one of your teams, right, four teams will compete for a chance to hoist this trophy. out with the crystal and in with the good. the oft maligned bowl championship is no more. for the first time ever, the national champion of college football will be the winner of a playoff tournament. but don't get too excited about the bracket to go. the newly minted college football playoffs will feature just four teams in two rounds to determine who plays in that championship

let's go back to dan ashley from the scene. dan. >> cheryl, thanks very much.a remarkable day here today as people really begin to pick up the pieces and assess exactly what they're dealing with. i'll be back with a full report. our team is here. we're fully involved in this story. we'll bring you a lot of live team coverage at 6:00. including new at 6:00 tonight, you know, first reports after this happened indicated the quake was centered on the west napa fault. we'll take a look at why geologists are not so sure about that. plus, a bit of other news. they're changing out the turf again at levi's stadium. those stories and a lot more coming up at 6:00. ama daetz and i will be here for that. for now, so long from downtown napa. >> thanks for the great coverage. we really appreciate it. what a day as you have shown us the devastation is so widespread. >> incredible day here. >> absolutely. we want to thank the folks at home for joining us at 5:00. abc's world news is coming up next. >>> welcome to "world news." tonight the dramatic day in ferguson, missouri. han

look at that. >> dan, what's going on? >> what's interesting in the options market the volume traded two-and-a-half times the average daily volume. the two largest lines were the september 28 and 29th puts. the puts traded. a lot looks like thaibl they were being bought. people looked at other catalysts i don't see here or they got lucky. >> hertz is plunging in the after hours. >>> up next, hewlett packard set for earnings after the bell. they are pushing in a big move for the stock. dan nathan has the options action on hp next. ♪ when the world moves, futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with paper money to test-drive the market. all on thinkorswim from td ameritrade. . >> hewlett packard is set to report after the bell tomorrow. dan is at the smartboard with today's "options action." >> the implied move is 5% that's vs. the fourth quarter one-day move and the eight-quarter average of about 10%. options market makers were not expecting nearly as m

so, dan, can you trust this rally? >> i'm not certain. we had a nice pullback on a short-term basis. i don't think they were reasons that american investors like to sell stocks that are geopolitical. we have to remember we are off a low based volatility standpoint. we haven't seen a heck of a lot in that last two months. we got to that q2 season. in the lost couple days we saw the s&p rally about 121st. we saw the vix come in 20%. i thought the breath was kind of poor. but that doesn't mean if rally is over. they couldn't break 1900 on the downside and the s&p. that's probably good support in the near term. >> it sound like your glass is definitely half full. >> thank you i'm glad to be here. >> when i look at today's trading action. i think this is a continuation from the day before we digested the breakup of big deals. more than anything, people worried about the fed. what's interesting is today's action i think is defined by mr. fisher, the vice chairman of the fed basically saying if anything he's moved more towards the dove camp, he'

dan, to you first, too little too late from the president? >> well, you know, stuart, recall back in april the president gave a talk in which he defined his foreign policy to singles and doubles and it adds up. he's doing singles and doubles in northern iraq when he needs a grand slam home run. what they have done so far does not reflect the reality on the ground. the islamic state in iraq is a heavily armed group of the most extreme islamic jihadists we have convict fronted so far. they have threatened baghdad. they are threatening kurdistan, the city of erbil, yazidis stuck on the mountain, christians being fought out of iraq. why is no one fighting back? because ice 0 is is heavily armed, often with american equipment they have stolen both the iraqis and kurds will say, we will fight back if we get sustained u.s. air cover to help us. and so far the president has not committed himself to an operation that would allow our allies, if we can call them that, to fight back against isis. and unless we do that, i think the situation there is goin

dan? >> i can imagine.teve, stand by for a moment, because we want to take our viewers back to that extraordinary press conference with the governor. let's listen now to a few other key moments. >> we want justice. >> why is the focus on security and not getting justice? >> if mike brown had shot a cop, he'd be in jail. we want justice! >> there has been no arrest. people are demanding justice. that's why people are on the streets and now this whole press conference has turned into an explanation of why you are controlling people's anger and telling people to calm down. >> the governor just having to stand there and take it. and it all raises this question, steve. if the governor can't control his own press conference, is a curfew likely to stop the unrest on the streets tonight? >> reporter: i'm not sure how that's going to work. people here feel they have a constitutional right to assemble. absent prosecution of this officer, i'm not sure what's going to settle things down in this city, dan. >> steve osun

dan was all over it saying do not buy this. so you know, up $39 for a benefitary situation that worked out the way they want it. >> that ain't so great. i'd stay away. >> we do have another drop here. chosen sol laer. tim. >> the excel maker, they are interesting companies. the problem is they bought a big u.k. solar producer. -is something a little out of their bailiwick. i don't lake it. i want it to stop. >> nuance down 9%. >> not a subtle drop in nuance here. you got. it's all because of earnings. i think on this you have to wait a couple days so see if we have support here. for now stay away. >> dan. >> they put up odecent quarter. they reaffirm guidance of the year, revenue guidance, high teens. the stock is down %. i think the company basically put themselves up for sale in may. the stock rallied 40% on a multi-year low. the stock is sitting at very, very important long-term support around 30. it's below. that you want ob careful if you are looking to pick it up as a bargain, who knows what the outcome is, what morgan st

thanks so much to dan and iblg momichael and the others on our show.il next time, waj and i will see you on the website. >> hello and welcome to al jazeera america. i'm del walters. these are the stories we're following for you. despite a seven hour partial truce more civilians die in the israeli-gaza conflict. toledo's city officials say the water is okay to drink but the problems are yet to be solved. >>> thousands of people nearly cut off from the world.

thanks so much to dan and iblg mo michael and the others on our show.il next time, waj and i will see you on the website. >> welcome to al jazeera america. i'm del walters. these are the stories that we're following for you as diplomats try to extend the truce in gaza . this is news about the general who was killed in afghanistan and the fighter who gunned him down. and six equality cases converging on one federal courtroom today.

the thing that dan speaks of is very important. europe is in trouble, and their rebound this week just sets them to get in trouble again. >> or, it's a late stage phenomen phenomenon. >> let's talk about the trade today. uso oil, down 15%. a lot of people talk about oversupply, but the trade i want to do is a little, it's a little contrarian. the crude has been down 12% since the june highs when isis started to make inroads in iraq. now, i want to fade the complacency. i think things are going to continue to get worse over the next few months. so, uso, i bought a risk reversal. i leveraged the upside. sold one of the january puts, and bought the 0.75 call. long down 5% at 33. i'm selling the 33 put at the 52-week level. i don't think we'll have this crater below the lows. >> and the ctf-uso, it's a play for usi. >> well, energy stocks bounce much more than crude in the event of some sort of scare. you're not going get a big move out of crude, not like the energy stocks. >> mike, how do you like the trade? >> well, i like it. if you

for now, dan ashley. back to you. >> thank you, dan. >> abc 7 news reporter leanne melendez joins us live, where homeowner homeowners -- >> well, let me just tell you there are debris boxes at all schools in napa. except that this one seems to be overflowing quite a bit. so not sure how much of this is actually earthquake related. but this gives you a different perspective, a different idea of how bad it was. >> it's not just cosmetic. >> businesses that deal in window and glass replacement have been overwhelmed following yesterday's quake. >> started early yesterday morning, 4:30, 5:00, so we just started making contact and doing downtown, trying to help out as much as we could with board-ups and getting estimations for repairs. >> some at a senior and assisted living home were broken or the frames became detached, but nothing like the damage scene downtown or in some of the neighbors. lou has owned this home for 38 years. the chimney collapsed, falling on the roof that collapsed the which he willi ceili

dan? >>> we'll turn now to another story breaking overnight, a emergency for a jetblue plane, after one of the engines caught fire. passengers orred to evacuate down the emergency slide. the flight was heading from puerto rico to new york's kennedy airport. mara is on the story. >> reporter: dan, good morning. that flight was scheduled to land here at jfk just after 10:30 last night. but it never even left puerto rico, that's because it was aborted after takeoff when an engine caught fire. in what passengers say sounded like an explosion. new overnight, chaos for passengers aboard jetblue 704 heading to new york. from san juan, puerto rico. >> flight 704 left engine. ready to abort. >> reporter: an engine fire forcing the jet to abort takeoff. 186 passengers and 6 crew members aboard. evacuating the burning aircraft. sliding down inflatable emergency slides. frightening moments for passengers onboard. >> there was a huge bang -- a boom sound on the left side. so, when i looked out the left

. >> good morning, dan.eavy rain triggered flash flooding across the midwest and further south into kentucky and west virginia leaving entire towns underwater. one part of indiana getting nearly 11 inches of rain in just 24 hours. >> oh, my god. >> reporter: overnight lightning and heavy rains brought floods to kentucky where high school football games were postponed. fields like this one submerged. >> holy cow. >> reporter: in west virginia, motorists battled floods of their own. waters turning streets into rivers. downpours in an already saturated area making this street almost impassable. residents wading through muddy waters. flooding also plaguing the midwest. in indiana, a mobile home community swallowed by knee high waters. entire streets turned into lakes and in illinois, waist high water closing streets and flooding neighborhoods. residents dealing with water in their homes and in their cars. it was giant hail wreaking havoc in kansas as this major storm brought 60-mile-per-hour winds. and in colora

melissa: dan? >> i have a lot to say on this only doing 10 seconds here but it is very clear that the central banks around the world are together. so nobody can move rates withoum because they will disrupt even worse what they have already done in the world economies. but there is one thing that think she is watching and i will listen for it. it is the velocity of money. published by fred. st. louis fed. they public all these charts. velocity of money fallen off the charts. forget wages. forget negative gdp? >> deflation? >> deflation nair, early stages of deflationary depression. melissa: one knock against that. some say better paying jobs are on the horizon, according to new research from the national employment law project. they say 40% of the jobs created over the past six months have been in high wage industries. >> that is one industry we don't need jobs created. one of the jobs in this recovery -- melissa: construction, manufacturing, professional services, sectors of median hourly wage of $

joining us, legendary founding partner dan niles.good morning to you. >> good morning, carl. >> it's your biggest position. you've said it's probably the best product cycle in the last three years. your expectations for the stock leading into the 9th and then what happens after that? >> well, i think if you look at apple, it has a pretty consistent trading pattern. it outperforms the overall market by about 10% to 20% over the two-month period leading up to new product launches. and then unfortunately, it actually underperforms for the next month or two. this, in my opinion, is the best product that they've had had since really the 4 or the 4s which is when they introduced the two cameras on the phone, the front and rear facing back in the 4 generation in 2010. i think that will drive a big upgrade cycle because you're going to get a badder, wider phone. i haven't upgraded for three years. and i think there's a lot of other people who have been waiting for a compelling reason to move. i think this will give it. and the second piece i

i'm dan ashley. ama dates is off tonight.t substation is south of san jose on metcalf road off highway 101. it was vandalized when a sniper opened fire destroying 17 transformers and six circuit breakers. that attack cost more than $15 million in damage. and now another security breech. tiffany wilson is there live. tiffany? >> well, dan, on a typical night it is very dark and very quiet here. last night was not a typical night. >> as traffic zipped over 101, steve ?iped through the chain link fence. not once, not twice, but three times. the individuals cut holes large enough to enter the metcalf substation and steal construction equipment and heavy power tools like this. the preliminary investigation suggests human error with pg&e blaming the security team for not adequately addressing the fence alarms. the break in was reported at 7:30 this morning. >> i certainly understand that the public wants to know how this happened and we also want to know how this happened. >> the theft comes 16 months after a ?ieber took aim -- a s

i'm brandi hitt. >> i'm dan kloeffler.s we're following on this wednesday morning on "world news now." >> government investigators found no proof delays in care caused veterans to die at a phoenix va hospital. but they found widespread problems that the va is promising to fix. a full report in a moment. >>> two americans have been killed in action while fighting alongside isis militants in syria. the latest, a young minnesota man who went to college in san diego. it is a frightening trend, the brutal terror group recruiting americans. >>> officials aren't sure if the rough surf churned up by hurricane marie contributed, but a surfer was found unconscious off malibu pier. he died later at the hospital. the high surf expected to reach a peak today. >>> and just ahead of the long holiday weekend, look at this, a brewery in austin, texas, is offering a 99-pack of beer. carrying it is, let's just say, a bit of a challenge. shipments of austin beer works, any time ale, 99-packs will start tomorrow. it's wednesday, august 27th. >

kron 4's dan kerman reports from napa high school. as officials continue to assess the damage following yesterday's earthquake. >>dan kerman cleanup of the structural analysis is continuing the cleanup and structural analysis continues at schools throughout the napa valley unified school district and as a result there will be no class again on tuesday >>patrick sweeney/napa school one of those still to be assessed is napa high school here the cafeteria now has it's own version of a fault line one that school officials hope is just in need of a cosmetic repair and not a structural one else where lots of things have fallen to the ground. in this room, it's text books. here in the school's ceramics classroom, it's works of art >>melinda miller/ napa high school teacher 41-48: it's sad to see so many pieces of work that students have donated for others to see this year and they are splattered all over the ground and glaze spilled all over teacher melinda miller has been on double clean up duty. she also lost personal artwork at her home w

dan stesich joining us from the cme. dan, we start with you. a week where we saw the s&p up over 2,000. what does that mean going forward? you. >> know what is actually acting very strong, given what is going on in the ukraine. i thought for sure the market would fall back, because of incution from russia into the ukraine. which they reported hasn't happened. that is very solid. what we have to look forward to, next week is big economic week. we have two favorite figures to look at. institute of supply management, manufacturing and non-manufacturing. broad reaching. and surveys companies independently of government figures. we'll see what that brings us along with employment figures come be friday. adam: let's bring you into this. a lot of people, some say go into bond, others say out of bond. you still think u.s. treasurys are a good bet? >> well i think it is a better bet than the alternative. when you look across the globe, especially compare germany to the u.s. or even italy to the u.s., even after inflation adjusted, bond provide, especial