>> i don't know. >> drexel burnham? >> it's possible. >> in the middle of this is drexel burnham.shot to the top of the world by specializing in "junk bonds, high interest but high- risk. >> drexel and the department made a secret deal with convicted stocks when there ivan boesky to make millions of dollars, illegally. >> california company, wicks, came to the firm and told him they were planning a takeover. the government charges that and whispered that secret ivan boesky. so he bought the stock before it went up and made millions and shared the profit, but bottom line, loken betrayed his client, charged a $1 million fee and earn 6.5 million more of the client's expense. >> authorities are worried that further disclosures resulting from the affair may weaken public confidence in financial markets and we can the markets themselves. weaken the markets but >> i came from inside. it's a madhouse point >> the bull market is over. >> it's a bloodbath. >> they are calling it the monday massacre, the worst drop in wall street history been >> the nearest thing to a meltdown i ever want to

so yeah drexels it will be with drexel's collection, but i believe i'm sure it's in storage. yes. yeah. yeah, we love it to come back home. yeah, exactly. all right, susan mcgill what happened to the love letters that elizabeth found in the desk. so in that letter she does say to washington that she will give them to tobias lear, but at first to buy his leader doesn't want them. he is too nervous that his personal correspondence between martha and george, which i think is very interesting because tobias lear was his longtime secretary so you would think that there would have been some overlap, but but maybe not maybe he really did respect george and marcus privacy, but she does eventually give the bundle to tobias and i believe he brings them back to to washington, but what's interesting and kind of cool and and just a glimpse into how people wrote letters and how they packaged up letters elizabeth specifically notes that she has bundled them up with her own paper and then three seals of her blessed friends arms that she uses so so she makes sure washington knows that that she see

i believe it is now with the collection currently stewarded by drexel. don't want to get this wrong. i don't go into detail but i do know it is safe and sound. >> it is with drexel's collection. i believe i'm sure that it is in storage >> yeah, yeah. >> we would love to come back! >> yes, exactly. susan mcgill, what happened to the love letters that elizabeth found in the desk. >> so, in that letter, she does say to washington that she will give them to tobias lear, but at first, he doesn't want them. he is too nervous that it's personal correspondence between martha and george, which i think is very interesting, because he was his longtime secretary. you would think there would have been some overlap. but maybe not. maybe he did respect george and martha's privacy. but she does eventually give the bundle to tobias, and he brings them back to washington -- just a glimpse into how people wrote letters and how -- specifically notes that she has funded them up with her own paper, and then three seals of her blessed friends arms that she herself uses. so she

. >>> next tonight, an urgent search is under way for the shooter of a 23-year-old man outside of drexel university in philadelphia. authorities say there doesn't appear to be any prior contact between the two men. here's abc's zachary kiesch. >> reporter: tonight, philadelphia authorities are searching for a suspected killer in what they are calling an unprovoked murder. police releasing this chilling surveillance video showing the alleged gunman waking down a street near drexel university early thursday morning. he then crosses paths with 23-year-old everett beauregard, gunning him down immediately. >> mr. beauregard is struck one time in the base of his neck, severing his spinal cord. >> reporter: beauregard was just blocks from his home. police say the killer took off running, identified only by his dark clothing and facemask. they believe he had no known connection to the victim. >> tragically mr. beauregard's life was cut short by this horrific act of violence and for no apparent reason whatsoever. >> beauregard, a recent graduate of temple university, remembered by friends and fam

drexel and penn, need to stand beside the residen is a take your hands off of them.d be doing everything you can to invest in the community's rather than divest the community and destroy a push them out and gentrified the community. it is not right. juan: sheldon davids, the developer and hud talking abo the residents would be offered section eight for to for kids -- section eight bank certificates. why is that a terrible alternative? >> it is certainly not a viable one. i don't to say it is terrible but it is not viable primarily because increasingly we are finding property owners are not entertaining the idea of participating in the program. so when potential renters, when the displaced persons from our community and others venture out into the spaces to try to find other places to live, whethey present vouchers, that puts up a wall between themselves and potential renters because they are not particularly enamored with the program to begin with. and there is also -- it also needs their options become narrowed in terms of the kinds of neighborhoods that they can ex

i believe it is now with the coal election currently stewarded by drexel. don't want to get this wrong. i don't go into detail but i do know it is safe and sound. >> it is with drexel's collection. i believe i'm sure that it is in storage >> yeah, yeah. >> we would love to come back! >> yes, exactly. susan mcgill, what happened to the love letters that elizabeth found in the desk. >> so, in that letter, she does say to washington that she will give them to tobias lear, but at first, he doesn't want them. he is too nervous that it's personal correspondence between martha and george, which i think is very interesting, because he was his longtime secretary. you would think there would have been some overlap. but maybe not. maybe he did respect george and martha's privacy. but she does eventually give the bundle to tobias, and he brings them back to washington -- just a glimpse into how people wrote letters and how -- specifically notes that she has funded them up with her own paper, and then three seals of her blessed friends arms that she herself uses. so she

. >> remember back when drexel failed i was 5.but, well, there were a lot of great companies that had been financed by drexel that had their debt outstanding that had to be basically cleaned up and, you know that's where executive life and apollo got their start. we have a very similar situation right now, and that is there a lot of companies out there that i mentioned earlier, some are unicorns within the next year, two years, three years, they have debt they issued at ridiculously low levels. they should have never been able to issue at 6% their debt now is trading at 13, 14, right. these are companies that are going to end up in one of two places either they're going to get their bonds taken out or paid off so you can buy a 6% bond it's trading at a dollar price of like 80 and it's going to get paid off or they're going to hand you the keys, and you're going to own the company. >> i assume you're looking for more of the former than the latter, unless you want to run some of these. >> there's management there. they need to be re

philadelphia police are now asking for the public's help as they hunt for the killer of a man near drexel university. authorities released this disturbing video of the suspect walking down the street and gunning down the 23 3 year old victim, everett beauregard. police say beauregard was simply heading home after a night out with his friends. the suspect fled after the shooting. tragically. mr bo regards life was cut short by this horrific act of violence. and for no apparent reason whatsoever. beauregard was a recent graduate of temple university with plans to pursue business school $20,000 reward is being offered for information leading to an arrest and conviction. especial auction over the weekend of late betty white's personal memorabilia. the item raking in the biggest hall was whites director's chair from the golden girls, and it's sold for more than $76,000. other items sold during three day event included her collection of show scripts and jewelry she wore on the show. the auction brought in $4 million for exceeding expectations. we knew this would happen, right? we love betty whr

it's reaffirmed the students at drexel university, the fear they have around their safety. this morning police are looking for the shooting and asking why? why 23-year-old everett beauregard, blocks away from home was shot and killed thursday night near drexel university's campus? it happened in the powelton village neighborhood. video of the deadly attack is painful to watch. you can see beauregard walking home from the train after a night out with friends. he crosses paths with a man. that man immediately turns and fires and then taking off afterwards. the recent temple graduate was beloved by friends and his college community. police say, again, he caught the train home after a typical night out with friends. this morning the desperate search continues. it marks what has been a tough year for gun violence. there have been nearly 15,000 gun-related fatalities in this country this year. guys? >> incredible number. >> you do shake your head. >> zachary, thank you so much. >>> we have a lot of news in the weather department. multiple storms on the move. let's go back to cher

isolation so the weather punga or that of one of the miing links [indible] for assistance as part of the drexel. even though rates are a crucial piece of the landscape here. the young in six still need to be handled carefully. which means selecting the perfect spot for then you hope. for wildlife parade. how do you choos the funds for you release wes is? sites here and so we want tolay look for a place that's got lots of hiding spots. and someone has got lots lots of good food plants as well. witness is incredible. how how old is history? does this need to be about eight hundred years old. the diseases the fecal pellets from. and is massive good way to and sometimes detect the presence of you can actually find them. and it's obviously really important for the ecosystem. yes and it's impactful nutrients and it's recycling facing. monsoon solo help finding these droppings isn't tony a sign of a healthy environment but also evidence of an already thriving pulation. will surely will continue coming this is kind of the ideal spot. with a base price and alone for them. to be released. to heaps and he

happening right now, police are looking for a man they say randomly opened fire near drexel universityate to death as he returned home after a night out with friends. surveillance video shows the suspect passing 23-year-old everett beauregard on the street and then shooting him dead. authorities are warning students to be on alert and travel in groups. >>> also right now, reports that intelligence officials are once again sifting through the documents seized at former president donald trump's florida estate. a federal appeals court this week overturned a ruling by a lower court that blocked the justice department from continuing their review. >>> and a hiker in los angeles came just inches away from a bear while hiking in sierra madre. victoria says she heard other hikers panicking and then she realized the bear -- look at it -- was just coming right towards her. she says she already had her cell phone out so just stayed put, took video and came eye to eye with that creature that just made its way down the trail. just passing by. >> eye to eye? they were nose to nose. >> that camera wo

he was at drexel, i was at drexel things have definitely come full circle, but if you look at fed fund4, all of those are making new contract low prices as we speak. 16 contracts, okay so they're getting powell's message loud and clear his message is hard to argue with i can't imagine he's going less than 3/4 of a point. the problem is, mr.ster sterlict year over year cpi up 9.1% the pound at the lowest level since '85. the dollar very close to fresh 20-year highs. it's the global recession that somebody needs to pay attention to, joe, because the united states is big enough that we're going to leverage the rest of the world down. >> is that you, steve? >> i think that's exactly right. i agree. we've got to look at the global situation and the global situation, we have been developing a global recession. i think the united states is not going to experience a bad recession. i call it a rolling recession, which means different sectors get hit at different times. >> steve, at least recently you think the economy is, eh, not great but not ready to fall off a cliff. you're behind jay powell