corrina was there. >> there have been 6 murders in east palo alto this year and police say 3 men may be responsible for half of them. the police chief told crowd tonight one of those men is in custody and they desperately need help finding the other 2. they release pictures of the suspects today. they had previously withheld. >> right now our focus has to be in capturing fidel silva and gar did i know a because we have information that the spree of violence is not over. that we are at risk of future violence. >>reporter: first hour the police chief and mayor did all of the talking and when the question and answer period began, the comments were often emotional and angry. >> my husband didn't get killed at 2:00 o'clock in the morning. he got killed at 4:58 in the day. when people at home people was all outside. >> at times special town hall meeting became an attack on the 2 men at the front of the room and how the city is allocating resources to deal with the problem. >> do not placate us. this hurts us. this is serious. >> let me answer the question. let me answer the question. >>rep

our how time now for the business corrina say. hello and welcome to our business portentous our thanks for joining me global financial markets are witnessing the worst selloff since the middle of october two thousand and eight the gloom was boosted by news from europe the region sovereign debt problem is in golfing two of its largest economies spain and italy and poor u.s. economic data that showed slowly growth after another where the sluggish pace in the first half to help nick parsons from national australia bank says it's a time when cash is king the certainly not going into gold that's not been the experience of the last twenty four hours he what we've seen is a lot of a lot of very very large losses have been racked up many markets were down five percent overnight now when you've got losses of the scale you've got to you've got to finance them i think what we're seeing here is investors are still selling the good bits of their thought for you in order to finance the losses in the bad when they're faced with margin calls and

looking forward to that corrina seemed a bit nice here. celerity this hour as well a forerunner of change we look back on how the course of the soviet union circa major turn twenty years ago this day after an attempt to overthrow the government was staged on the streets of moscow. russia has refused to ban the call made by the u.s. in the e.u. syria's leader to step down moscow believes that president should be given time to implement promised reforms but the country should be left alone to sort out its political future. is in damascus with more. russia's position has always been clear syria definitely needs reforms detainer is definitely needed required in this country but president assad needs time to do that. the syrian leadership needs time to implement its reform program but significant steps towards that have already been taken in the state of emergency has been lifted to the higher courts of state security was abolished a decree allowing citizens from peaceful demonstrations was accepted the syrians should negotiate not fight with t

that's where we find corrina. >> hello we have a few people lingering behind me. capping what has been a very successful evening. jolie davis park one of 5 location here in east palo alto celebrating national night out with block parties. more than 200 people gathered at this location to come together. really family meeting their neighbors. they enjoy a free barbecue and they are standing united against violence in the community. after reducing the number of murders to 4 last year, there has been a spike in the number of homicide this year. there have been 6 killings including the death of a three-month old baby. that gang related shooting against an innocent family seemed to gallivanize effort to put an end to the violence. the timing of tonight's national night out event coincides with growing sentiment in east palo alto that the community and police must work together to fight crime. >> let's stop the robot and let's come together because this is our problem as a community. it's not one person problem. not that person. it's a community problem. >> about could h

exchanges around the world let's get the latest now from karena he's a from the business desk for us corrina say fears of a double dip recession are reflected in the mood of russian traders to then yes exactly here in russia bush is a heading to a two month low extending losses from the previous session tracking losses that we've seen in asia and europe and this is of course a concern about the state of the global economy and the worst hit at the moment on energy and banking stocks gasper among other oil companies shutting losses rosner have to over four percent banks are also down so we're going to look at the figures in our business bulletin very shortly. still ahead this hour for rana to change we'll go back on the call of the soviet union. took a major turn twenty years ago this day out an attempt to overthrow the government with staged on the streets of more space. russia has refused to back the call made by the u.s. in the. syria's leader to step down in the wake of the violent crackdown on protesters the statement was released just a day after brac a bomber imposed a fresh set of econ

date now with the main headlines here in our three i'll be back with a recap in a few minutes after corrina at the business. i work about business update this hour here on our team thanks for joining me pay pal is weighing plans to open an office and moscow this autumn according to the head of the city's paper the world's largest online payment portal is planning to invest twenty five million dollars in russia pay pal is coming he hadn't had with its owner online auction site e bay you don't have to operate in russia to sort out online transactions and deliver it while it's in talks with d.h.l. about parcel service is pay pal will be transferring money analysts say pay pal's move looks reasonable given much as proving online paper dark. prices for jet fuel in russia are and are about to take off again the country's key suppliers hike fuel charges by up to ten percent on tuesday all companies say that high global coote prices and domestic shortages are spraying the increase in addition lack of fuel is being driven by higher traffic volumes the russian airlines jet fuel prices have risen twen

let's get the latest from our business check in what the ha for us a little bit later in the program corrina obviously fears of a double dip recession were reflected in the mood of the russian traders. yes that's right it is the markets have recovered from earlier shot falls but still ended in negative territory on friday and he has closed half a percent in the red demise extended just under a percent lower but still better than what we've seen during the day all in all russian stock markets lost about fifty billion dollars in a week the cost of companies included in the my six has decreased by ninety percent nineteen percent since august first i have more for you after. your thirty still to come why the sky's the limit at the international air show near moscow. stunning performances by aerobatics teams from across the world war zone aircraft what is all this mean remarks of dollars at a level that's opened its doors to the public report later in the program. and there is hard on the beaches of russia as far east as one hundred begins for the shark that mauling young man in the space of just

a man who ran russia's central bracket during its most turbulent times first this hour's business corrina. hello welcome to our business update this hour thanks for joining me russia is extending its most ambitious project asian program since the one nine hundred ninety s. the government aims to fully sell forty major state companies by two thousand and seventeen but it will keep a golden share is on the list including russia as one major rosner of the country's diamond monopoly. this will give the state the ability to outvote all other shares of need according to preliminary estimates the new privatization plan could earn russia around thirty six billion dollars by two thousand and thirteen. joining me now to discuss the issues live give our country analyst i glow ball insight thank you for joining the program so will the extension of the privatization plan give a boost to russia's investment climate do you think. i think it's certainly welcome news because for the first time it's a meaningful. meaning the not just minority shares before and however to boost the business environment you

twenty five minutes past the hour here time for corrina now and the business. i want to welcome to our business update this hour as we reported earlier moscow's international air show has kicked off the organizers expect more than ten billion dollars worth of contracts to be signed over the next few days and the first deals are already there especially airline travel sero sign up to buy eight air bus jets with a catalog price that will for seven hundred million dollars christopher buckley vice president of air boss outlines his hopes for the russian mark. we're very optimistic and enthusiastic about the russian market we still see growth continuing a little bit over five percent to five point three percent per year which is higher than the world have ridge so for us that means that. many more aircraft in the coming year. let's see if we can we'd probably like to win. between ford. in fifty percent of federal markets and even this year. you will preach is very pro. express with coal to. be sold if we're going to use to transit if we can continue with the current

eventually the russian market will benefit significantly progress ok thank you very much for that update corrina. and president medvedev is warning syria's leader that he must enter a dialogue with protesters in order to end beyond going parlance discussion of the conflict came up during an interview with r.t. and other media on the eve of the third anniversary of the south as such and we're all here some of what you'll hear next hour. unfortunately the situation in syria has taken a dramatic turn we real politicians should follow developments gadhafi gave violent orders to destroy the opposition the syrian president gave no such orders unfortunately a lot of people are dying in syria this is our biggest concern in my private conversation with the president of syria and in the private letters i sent him i discussed the same ideas reforms need to be carried out but you should establish peace with the opposition establish peace in the country and create a modern state if you fail to do that then a sad future awaits and at the end of the day we'll have to make a decision we're watching the situatio

well time now for the business news reel corrina. hello and welcome to our business update this top story on energy major be honest taking gas problem to court in order to pay lower prices for russian gas the company argues spot prices are up to fifty dollars cheaper per thousand cubic meters than the current long term contract it has with gas probably let me cover half that he's . gazprom says it will raise their bars the gas price last year at their time perswaded the gas pump to sell a part of its gas at a price leads to support prices which will lower the gas prices called charts now elan is asking for further reduction so the company is suffering have the losses due to the gap between gazprom surprise and that's all the european markets which serves but gazprom wants to stick to its long term contracts which it says provides a secure it's of all the customers at only a small premium to the support prize the talks have lost it for more than a year now without success so evil is now taking the matter to arbitration courts lawyers

led invasion of iraq and its consequences that's after we've had a business update corrina. there are welcome to business here and our t. rush is extending its most bishops privatization program since the ninety's the government aims to fully sell fourteen major state companies by two thousand and seventeen but it will keep a golden share in sixty six grams of the list including russia's or major of last year and the country's monopoly our roster this will keep the states you ability to out gold all other shareholders if needed then you probably as ation climbed could earn russia around thirty six billion dollars by two thousand and thirteen but analysts say it's not cash you management skills and technology which are of quickest value i think it's certainly welcome news because for the first time it's a meaningful product meaning the not just minority shares as before however to boost the business environment he would really need to carry out structural reforms such as strengthen the judiciary shareholders rights and so forth and these things have to happen it's a good oppo

twenty one minutes past the hour here in moscow corrina socially with the business news service without the world update here on r.t. students held a protest in chile's capital of santiago demanding free on better quality education organizers of the rally estimate over a million students and their families took part and have been at similar protests over the last three months with most of them ending in violent clashes with police this recent one did ended peacefully. washington most deeply disappointed by iran's decision to sentence two american citizens to eight years in prison an iranian court found them guilty of espionage and illegally crossing into the country three americans were arrested in july two thousand and nine when they were hiking on the iran iraq border or one of them was then later released on bail they say they accidentally strayed into iran but the country of course has claimed they were working for american intelligence agencies. syria's president bashar assad has once again declared his regime is not in danger of collapse and warned against any foreign military int

looks quite interesting corrina are mary can markets actually opens in the rag zone but very quickly they've corrected and now both jones and. stock are up in the green zone less than one percent but still european markets have been going down whole day dux was about losing about three percent odd so i almost the news of spirit being central bank buying a tally in and spanish bonds audax together with pixie corrected and now they're about so less than one percent in the rads zone as for my six and r.t.s. just the words the closure old russian stock markets they also went up significantly and closed the just in the red zone just so slightly less of them one percent now the reasons for that are three fold first of all of course with prices going strong answer growing supporting russians folk markets second of all news so positive views from american stock market sound so european markets going out of course also had its influence when the russian markets as well now some experts call that this is a dead cat bounce meaning that so the general trans is that one word but that sound point

. >> i don't think it is supposed to be that close i am meanwhile, corrina from rahway, new jersey theyy floods. >> radar from yonkers sent this picture of a flooded parking lot. up over the tires or close to it. >> shepard: just a quick idea of how many of these pictures are coming in. new york city's fire department has made dozens of water rescues around the city due to irene. you can kill their audio. dozens of water rescues due to irene. rescued 61 adults and three babies from 21 different houses. thank goodness for the fd y. watching fox 25, they still have a big wind event along the coast in new england. we'll continue to get to our correspondents throughout the hour in just a moment, we are expecting a fema news conference scheduled to begin 11:30 a.m.. so we don't miss that we are going to take a quick break watch is the word on when people can get out and about? what is the word on transportation and closings tomorrow and power situations? we'll get all of that from fema. continuing coverage of the aftermath of irene. looking good! you lost some weight. you noticed! these clot