across the way is the hudson river, and the hudson river has overflowed its banks. the same issue as you turn this way, and we look at some of the apartment buildings, and their water is just pouring into them. you can see two feet of water there probably, anderson, so lots and lots of water. >> how far does the water come in? i don't have a return so i can't see your shot. how extensive is it? i think we lost soledad. let's check in with jacqui jarvis. >> we have been tracking the storm on doppler radar, and it appears the center is almost right over you, and very central to your location, over new york harbor and potentially making landfall over the coney island area. and we're monitoring the progress of the storm and we're seeing great heights with the surge as well. we're seeing a jump here at battery park. up to 9.4 feet in battery park. that's a significant rise that has taken place in the last hour as it continues to jump up. there you can

where irene pushed the east and hudson rivers over their banks. cnn's mary snow is in queens, new york. mary, yikes. i see a huge tree over your left shoulder. looks like on top of a car. >> reporter: yeah. you guys were just talking about the saturated ground. what we see is this tree just ripped from its roots, breaking through the concrete sidewalk. fortunately, no one was injured. this tree came down in the middle of the night about 2:00 in the morning. here's the dane rouse par, though. you're seeing all these power lines down. and there are several of them. and then if we could just pan up a little bit further you'll see is that power line, there's a transformer on top of that, and that is leaning. this is the dangerous part. there is a police line up here, so cars can note come through. there are several lines that are down and people are walking on the street. dangerous situation. obviously, the police have been here because they've put up that tape. as you can imagine, residents we've been talking to are pretty nervous about this situatio

right to the city it will empty out through new york harbor and in the hudson river, i don't know.to the left of it, it will fill it up . either way the city of new york warned that it plan to shut off power to the vulnerable areas which means the west village right by the hudson river and souther tip of manhattan where battery park is, the area filled with the dig out of the world trade center and they built land on the end with battery park city. that's the pot where you can see new york harbor and see the brand new world trade center. that is where julie ban daras is. tomorrow morning, you will have a front row seat. >>reporter: yeah, absolutely and storm surge is the biggest concern. we are talking category one and 70 miles per hour winds many in florida laugh at us and think it is no big deal. they go through it all of the time. in new york city we haven't had a direct hit since 1821 and the last hurricane passed near the area was hurricane gloria. mayor bloomburg issuing strong warnings and a mandatory evacuation for what they call zone a, battery park behind me. it is new yo

this is jennifer hudson. note happy birthday to you ♪ >> hudson attended the -- ♪ happy birthday to you ♪ >> hudson attended the event. he's celebrating low key today and not planning any public appearances. he will celebrate this afternoon and then en-- and then enjoy a dinner celebration with his family and friends in the white house. >>> a lot of gray skies. some of that is burning off. the sun is starting to break through. it was a tough go. the low cloud deck made it all the way to the sacramento valley. morning drizzle with cloudy skies, giving way to some sun, sunny breezy or windy but cooler for all. the biggest drop for temperatures will be in the inland locations. tropical moisture is gone, gone, gone. fog not going anywhere for a couple of days. here we are at noon, 70s. these are really cool numbers. santa rosa, close. when you get the west-southwest 17 gusting over to 25 sfo, west- southwest fairfield gusting up to 30 and even a southwest at vacaville and a west wind at stockton, that tells me, t

i'm not sure which one had jennifer hudson but you've got jennifer hudson singing to the president ofe on the front page of today's "chicago tribune"? >> yes. there you go. >> there you go. >> look at that reaction. i'm not sure what he possibly could have said to jennifer hudson to get that reaction, ali velshi. your guess is as good as mine. >> everybody's face in that picture is funny. jennifer hudson's got a funny look, rahm emanuel has this weird look off from the side. i wonder if they didn't take two pictures and could have found a better one? >> $35,000 for this fund-raiser? only -- who exactly is going to this, ali velshi. >> i'm totally inviting you to my 50th birthday for a whole lot less than that, pete dominick. >> how many years away. >> for me? >> yes. >> 15 years away or something like. >> tell me about slow cap for congress.com. >> apparently somebody came up with another one. the slow clap shows how little you appreciate them. it's sarcastic. you can watch these people slow clapping. this is how happy americans are for how congress is behaving. it's just one these t.

the daughter of that mick jagger also models for hudson jeans.oming up next, gary is enjoyed by his wife and the answer your e- mail questions. tiger woods tries to make the cut at this year's final major. the quebecers don hot 91 been worn with >> >> >> the misery continued for tiger woods today.. on the temple woods shot 73, 10 overall and missed the cut by six strokes. he tied for one hundred fourteenth place. it is the third time in his career that he will not be playing on saturday and sunday. who oval when done >> > >> the amount sucks, the fans suffer, there are no fans there. it is kind of sat. it is a major league team, you want it to be first class organization. >> see tables and will not be a part of the oakland a's season-ticket politiciapromotion the basketball hall of fame, the first man to take the podium, chris mullin t. and no. 1 pick in '85. he just became a bonafide star . rank first in games played for the lawyers in the fourth on the all-time scoring list. a pretty nice heartfelt speech. >> although my parents are no longer h

these are some of the piers that stick out into the hudson river.o the water comes up over those, across the bike lanes, across the west side highway of manhattan. and it makes its way into the trendy meat packing district and into some apartments there. so there is going to be some cleanup involved here with flooding. that's for sure. as far as the damage that it did to the inner workings of new york city, if you will, the subway, the underground power, the underground communications, that's still unclear. we know public transit is still shut down through tomorrow morning. they're going to try and get it up and running tomorrow afternoon. but no guarantees from the mayor right now. the good news for the people that live down here where i am is, they can now come home. the evacuation order is lifted. >> carter evans, thank you very much. >> i like how an occasional jogger or biker go on through. >> got to get that exercise along the hudson. it is a beautiful jogging path. >>> irene rolled across maryland earlier as well. chris lawrence is live from

the hudson river just keeps rising. we're on hudson street. take a look at the river.over the railing right here it's only probably a foot, i would say, from coming over. there's such a substantial difference from when we got here, about three or four hours ago. felix, show that wooden pole. this wooden pole here in the water is almost submerged at this point. that's a good benchmark when we come to live shots in the future to see how much it's coming up further than that. it's definitely risen here three feet probably. the worries of hoboken mayor, don zimmer, that the hudson river would start to flood this side of town, we're very realistic at this point with several more hours of rain coming through. now, most people have heeded those warnings to stay away from the river and actually to get out of town. there's a mandatory evacuation for basement apartments, voluntary evacuation for everyone else. we saw a few people, a few hours ago, come down here to see what the hurricane was like. let's hear from them. >> we were talking with katie mcgee who's familiar, wendy, w

you have the hudson river on the back side.r feeling the wind very intensely or have they mellowed out? >> reporter: here's the thing. good morning. we haven't felt the gust of wind that some of our other colleagues around the area have been feeling all morning long. what we've had is a pretty steady sense of rain that's blanketed this area. that's not let up at all. new jersey about a mile across the river. used to be able to see it. the visibility is much less than it was. the one thing we've seen is the river rise. it's been about seven feet that we've seen the hudson rise up. right behind me a very prime real estate here in manhattan. this is the 79 street boat basin. there's 116-foot moorings behind me. if you can get one of these slips you're considered lucky. people who own these boats they decided to leave the boats here and weather this storm. they made a good choice as the brunt of the storm which is now hitting or has already passed. not much damage. the river is, indeed, rising a little bit. what's happening here is

so he also brought this hudson river school aesthetic with him. he had been traveling in circles and had an idea he expressed very well when he said it was his private motto which was nature first, second and third. architecture after a while. if you take a look at central park or prospect park a lot of people suggested those are hudson river school paintings like a painting by church just slapped down in the middle of the city. vox was also as an architect and legally trained architect created -- just brilliant at creating structures. beautiful bridges like the blow bridge in central park. he brought a lot to the table especially for being 4 foot 10. >> the other interesting thing is olmstead teamed up with architects after the mid 70s. they had this ego problem that was fascinating. i thought that was one of the more interesting parts of the book. talk a little bit about the reason they broke up. >> they really clashed on a lot of issues. one of the main issues was olmstead was a journalist by training. he had a lot of journalist friends and whe

"don't go to the hudson river. go to the upland and work by gravity." and that's what new york city did. they first went to the hudson highlands, but 150 years later, it went to the delaware highlands. and really diverted the water that normally went to philadelphia to new york city. i don't think they anticipated that. narrator: the majority of new york city's drinking water comes from watersheds in upstate new york. a watershed is the area of land where water from rain or snow melt drains downhill into a body of water. mountains act as a funnel to feed rivers and lakes. and in this case, reservoirs. in the new york city system, water is collected and stored in 19 reservoirs, which can hold more than a year's supply -- over 580 billion gallons of water. almost all of the system is fed by gravity, without the use of energy-consuming pumps. valves open to regulate the flow into the 85-mile-long delaware aqueduct -- the longest tunnel in the world. at hillview reservoir... the water is partitioned into another giant tunnel system. where it travels deep be

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. a nasty stock sell-off today in markets all around the world on new fears about a global recession. and susie, there are growing worries that europe's financial problems could spread to the u.s. >> susie: tom, investors also dumped stocks on several negative reports on the u.s. economy's performance in july: an uptick in inflation-- the consumer price index rose more than expected; weak home sales-- national association of realtors said existing home sales dropped by 3.5%, worse than expected; a significant slowdown in manufacturing-- the philadelphia federal reserve said its regional index plunged to a reading of minus-30; and from the job market-- a spike in filings for unemployment benefits, up by 9,000. >> tom: now, that picture of a stalling u.s. economy led

fox was a very much member of the hudson river school. he was sort of a contemporary and hung out for lack of a better word that the landscape painter. he was married to mary machen t., another not so will remember, that had sent her a. he brought this real hudson river school at aesthetic within. i mean, fox had been traveling the circles. he had an idea for his private botto, which was nature first, second and third. architecture after a while. and if you take a look at central park or prospect part, a lot of people suggested those urges hudson river school paintings, just slap down the middle of the city. boxes really the engine for that and fox assault osm architect, a trained architect in england was just brilliant at creating structures. dutiful bridges in central park and so forth. a lot of the table, especially for being forthright and. >> well, i think the other interesting thing is that olmstead said teamed up with architects after the mid-70s when he and fox split. they had these ego problems that were fascinating. i thought th

the wind speed 80 miles per hour even getting into the hudson river. this is the real threat.ere, the winds will be in this direction. and those winds will begin to fill up the area there right around lady liberty. that new york harbor area will act like a funnel. that water will be pushed up into manhattan, will be pushed up over into the east river and the hudson river and the water will rise. that's the biggest threat, the storm surge possibility for new york city proper. anderson?

vox brought this hudson river school aesthetic with him. vox in traveling these circles have an idea he expressed very well in which he said it was for his private oh, nature first, second and third. architecture after a while. if you look at central park or prospect park a lot of people suggest those are hudson river school paintings slapped in the middle of the city. vox was the engine for that and also as a trained architect trained in england he created -- he was brilliant at creating structures in the parks. beautiful bridges in central park. a lot on the table especially for being 4 foot 10. >> olmstead teamed up with architect after the mid 70s when they split. they had ego problems that were fascinating. that was one of the more interesting parts of the book. talk about the reason they broke up. >> they really clashed on a lot of issues. one of the main issues was olmstead was a journalist by training. he had a lot of journalist friends. they describe these parts as olmstead's parks and vox took umbrage at that. he felt they were an

. >> believe me i live on the hudson river. are you going to stick around? why don't you stick around and help me as a company host deal. i like a rank and guy siteding next to me. a private and a general. >> we will be all over the story. it ain't over yet there is plenty going on in the joust the tropical storm as it churns it's way toward massachusetts and ma maine but the terrible aftermath. we will be right back after this. 6 cc1 >> they coordinated nypd in preparation for turn hurricane irene. as you know hurricane irene hit new york city. the good news is the worse is over and we will soon move to restore and return mode. >> this morning here is julie banderas at battory park. >> while hurricane irene do downgrade to do a tropical storm has left new york city left behind presety fierce winds her strongest winds we have gotten all day long. none the less the evacuation order lifted at 3:00 p.m. 250d. also staten island ferry will resume service today. as far as transportation is concerned the buttses will slowly start to resume and then come the trains

the hudson topped its banks and overflowing 2 feet deep then started to recede. i want to show you a walk and talk we did. you can take a look. a little bit of good news to report. first, not that much rain which has been nice. earlier it was coming down hard. take a look at the flooding over here. just a couple of inches at this point. this was frp higher, much deeper water, just about 90 minutes ago. that is clearly going down. some of that probably due to the fact that high tide was 8:00 this morning, a couple hours later. that's probably helping. let's come on this side. you'll see what i was sloshing through just an hour and a half ago. if you remember, we had inches and inches of water and down here 2 feet of water because this is the had you hudson rive here. this was not only was it overflowing its banks. it had overflowed its banks to a large degree. this was all covered in water and remember i stood up here to get out of the way. look at that. it has drained from the area. that combined with the fact that we're not seeing high winds, we're not seeing he

it is long island, it it is upstate new york, the mid hudson. that is where we clearly the preponder arancance of the dame clearly is. >> you have a place in west chest evewestchester county. >> and obviously i stay in albany. both places. i have seen days -- >> shepard: well, the governor you's phone is breaking up. you were getting local stuff. that is the triburrough bridge, i believe. all the bridges seem to be open in and around new york city. that stat fox news corner of the world on the left-hand side of the screen there, 6th avenue right at 48th street in the heart of midtown at rockefeller center. for most of the morning and that is a look at the overview of times square. folks starting to come back in there. the road that runs to the left there is now a pedestrian mall if you haven't been in new york city a couple of years you would be astounded what mark bloomberg has done to it. you can't drive-thru there any more. the taxis are running and livery cab drivers running but all mass transportation still shut down so new york, hes will n

lincecum allowed only 2 runs over 7 innings but daniel hudson was really good. carlos beltran is robbed here by justin upton and that pretty much turned the tide. hudson allowed only 1 run over 8 and upton with a bat saved the game with his glove and now delivers a two-run homer. diamondbacks win going away 6- 1, giants have lost 5 straight. they are both, now, arizona and the giants, tied atop the national west. they'll finish the series 12:45 tomorrow in san francisco. >>> the a's are stumbling in seattle. felix hernandez, if you're in the baseball fraternity you call him "king felix," sitting down kurt suzuki. felix worked 6 1/3, casper wells is gonna homer off rich harden. kept hearing that rich harden was going to be traded then teams got a look at his medical records, stay with oakland, give up home runs. 4-2 mariners, the a's now 12 games under .500. >>> free agency burned the bay area twice today. the raiders losing zach miller to the seattle seahawks. the outstanding tight ends 25 years of age, five years, $34 million, 17 million of that guaranteed. pre

unter hudson is in san francisco where ed lee is expected to jump into the race. everyone has been asking this question, unter. >> reporter: that's right. and today, it is going to be answered. will ed lee run for mayor? there has been a lot of speculation surrounding his bid over the past couple of months. in an interview with the chronicle, he announced he will officially make that announcement later this morning. ed lee was appointed interim mayor back in january when nume nume was elected lieutenant governor, the first asian american mayor of the city. and he says he is able to accomplish a lot over the past seven months as interim mayor and balanced almost a $7 billion budget, hired a new police chief, there is pension reform, and he has kept twit ner the city, and even brought the america's cup race to san francisco. lee says it has been stressful but worth it. and he told cbs 5 phil matier on friday that he has received a lot of praise and support for the community which helped him make his decision. >> especially right now, that's what resonates with peopl

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening, everyone. a gloomy economic outlook from the federal reserve today, but here on wall street, a rip- roaring stock market rally with the dow surging more than 400 points. the fed voted to keep its key interest rate near zero until 2013. it's a highly unusual move that means the fed thinks the u.s. economy is still in bad shape and will stay that way for two more years. >> tom: susie, the major averages fell right after the fed's announcement, but staged a big rally in the last 90 minutes of trading. the dow had a 640-point swing. here's today's session. it opened with a triple-digit gain; mostly holding that until just before the fed's statement. the dow was down almost 200 points a half hour after the fed announcement, but came back strong into the close. almost a 4% gain. the dow ended

into some of these buildings that run pair legal to the west side highway running parallel to the hudson river which as we showed you earlier around 8:00 this morning overtopped its banks and poured into some of these apartments. all things considered, when people thought how bad it could potentially get, that is not much of a cleanup from what people in new york city were expecting. the high winds are nothing compareded to what we thought we would be dealing with. >> that's good news. how about a lot of people behind you. folks have been milling about. what have many been telling about their experience over the past 24 to 48 hours? >> look at this. that's the statue of liberty over my shoulder. this is tourist central. you have down here the mix of locals who live in lower manhattan who have come out to survey the damage and kids on scooters that have come out because parents need them out and also have the tourist who have come out as well. this is their vacation. people are feeling relief as the mayor said. we dodged a bullet and trying to get a sense of how much damage there's been i

oakland police, say hudson, still in the hospital, was the target. he he says the police are wrong. he remembers walking along international at 64th alone and then taking cover. >> when i seen the car pulling up half of the dude's body was out the car with a gun in his hands. the door of the car -- the driver was dropping out of the car. black dude with dreads that is all i saw. >> reporter: he says he knows the other man shot. a man he claims does not fight or hang with gang members. >> they got little kids. little gangs. i am 37. i am not in no gang. >> reporter: hudson described the shooter's car as a dodge neon with two people inside. oakland police chief has not backed down from saying this shooting was gang related but robert sticks to what he says he knows. >> i know i was not the target. i was just walking by. >> reporter: and to the nava family -- >> i am sorry that it happened. and please trust me it was not me that it happened over. but if they need anything -- anything that i can do for the family i will try to help them. >> a similar promise made to the family by the oa

my colleague tom hudson is off tonight. it was up, up, and away here on wall street today. >> it was in stark contrast after alternating days of ferocious losses and gains. the focus of today's trading-- conflicting reports on the health of the u.s. economy. an encouraging report from the commerce department showed retail sales rose more than expected, up half a percentage, in july. it was the biggest one-month increase since spring as consumers spent more on gasoline and electronics. but the latest survey on consumer sentiment revealed how pessimistic american consumers are feeling about the future. the university of michigan index showed accept theiment dipped in august to its lowest . in 30 years. now here's how things looked by the closing bell. the dow add 125 points, the nasdaq knand 15, the s & p 500 notched up six. the pace of trading settled to a more normal range with 1 billion shares trading here on the big board, two billion on the nasdaq. the major averages almost finished positive for the week but were down sl

the wind speed 80 miles per ho even getting into the hudson river. this is the real threat. as the storm is right here, the winds will be in this direction. and those winds will begin to fill up the area there right around lady liberty. that new york harbor area will act like a funnel. that water will be pushed up into manhattan, will be pushed up over into the east river and the hudson river and the water will rise. that's the biggest threat, the storm surge possibility for new york city proper. anderson? >> that's it for 360. thanks for watching. >>> in the line of fire, hurricane irene takes aim at the entire east coast. 65 million people at risk. after irene does this to the bahamas, what could it do to the new york skyscrapers and subways. is new york city facing a doomsday scenario. >>> steve jobs, the iphone, the ipad and this. >> i'm a mac. and i'm a pc. >> tonight, the man who started apple with jobs, the legendary steve wozniak. is this the last gasp of moammar gadhafi? >> do not leave tripoli. fight them. destroy them. >> rebels advance in tripoli. this is "piers

we awe know it is the miracle on the hudson.he plane lands on the hudson on one of the coldest days of the year. everybody gets out and it's all caught on tachlt it's a big day for cnn's ireport and we're celebrating by showing you some of the best pictures and videos. thin squares of crispy granola layered with creamy peanut butter or rich dark chocolate flavor. lightly toasted for a delicate crunch. 90 calories. 100% natural. and nature...approves. ♪ granola thins. from nature valley. nature at its most delicious. excuse me? my grandfather was born in this village. [ automated voice speaks foreign language ] [ male announcer ] in here, everyone speaks the same language. ♪ in here, forklifts drive themselves. no, he doesn't have it. yeah, we'll look on that. [ male announcer ] in here, friends leave you messages written in the air. that's it right there. [ male announcer ] it's the at&t network. and what's possible in here is almost impossible to say. handle more than 165 billion letters and packages a year. that's about 34 mil

the hudson overflowed their banks anoded and -- flooded into the streets.damage maybe some time coming. >> it's worth mentioning, the people out there maybe they can't get in the subways. we have people trying to get to you and can't. it may be days to get back to normal. >> they were talking about getting the public transportation up and running in new york until monday afternoon. even if they decide to start it up earlier, it takes 24 hours to get it up and running and you can say the same for the airports, they're massive operations, to run them you need people. and right now the people cannot get there. that's part of the problem. the reaction on the street from people. any time we cover big weather events and you have politicians and media saying get out, be careful and it's not as bad as we except. there's a lot of critics, what do you hear from people? >> i hear a lot of critics beforehand too. i'm not a native new yorker. i've been here 4 years. my buddies were going this isn't going to hit and it's not a big deal. it's heading for us on the current

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening everyone. susie gharib is off. i am joined by my colleague suzanne pratt. suzanne, a whipsaw day for wall street. it began with heavy selling on fresh worries about the economy and ended with a late day comeback for stocks. >> susie: tom, the services sector is the latest worry. today we learned a key measure of service activity fell to its lowest level since february 2010. and, investors shrugged off better-than-expected data on private sector jobs. a.d.p. reported that private employers added 110,000 new jobs in july. >> tom: by the closing bell, the blue chips had turned an 150- point loss into a gain. the dow rose almost 30 points, the nasdaq was up 23 and the s&p 500 added six. volume was heavier, with 1.3 billion shares moving on the big board and 2.6 bil

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening everyone. ben bernanke said today the economy needs help, but he didn't offer any new action to fix it. tom, everyone was waiting eagerly for this speech from the federal reserve chairman in jackson hole, wyoming, but there were no silver bullets. susie, bernanke's speech was short on specifics and that's one of the reasons the major stock averages plunged initially, but by the close they were all up. ahead of bernanke's speech, investors were also hit with disappointing news showing that the u.s. economy slowed dramatically in the second quarter. gross domestic product, or g.d.p., rose only 1%, weaker than expected. for more on what bernanke said and didn't say, and investor reaction, here's erika miller. >> reporter: wall street was hoping fed chairman ben bernanke would detail new opti

city and nothing gets weird and stops it and comes to the west of new york city and fills up the hudsoner and floods manhattan and the subway system. this city has huge short-term problems ahead and a economic blow to the city. when new york suffers, the nation suffers. monday is difficult enough with a lack much transportation and getting two and is a nightmare. this is one of the slowest times of the year for new york city residents. there is almost no one here in august. european tourist and southern schools have gone to school. and people are at summer houses and doing whatever they do. we are not full of new yorkers here anyway. if it was weak, this is one. we'll be in a world of hurt. wehave a new's conference. virginia governor bob americadonald. virginia is in the path . a lot of concern there. >> elizabeth river. it is a bad timing with the winds at their peak at the same time as high tide. so storm surge is dangerous and we urge no body to go out or anywhere near the water right now. it is extremely, extremely hazardous. aware that we have dramatic power outages in the state c

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. susie gharib is off tonight. i'm joined by suzanne pratt. suzanne, a massive selloff clobbered the stock market today, making it the worst day for the dow industrial average since the 2008 financial crisis. >> suzanne: tom, it was ugly here at the big board. investors are stressed about the anemic u.s. recovery and the fragile global economy. the dow plunged 512 points while the nasdaq gave up a stunning 136, or close to 5%, and the s&p 500 lost 60. all of the major averages are now in negative territory for the year. >> tom: no area of the market was immune. all ten of the s&p sectors moved sharply lower, down by 3% or more. nosedive into the closing bell to end with better than 500-point losses. putting that into context, recent selling over the last sessions have erased e

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioning sponsored by wpbt >> markets will rise and fall, but this is the united states of america. no matter what some agency may say, we've always been and always will be a triple-a country. >> tom: good evening. even reassuring words from president obama couldn't calm the stock market. susie gharib is off tonight. suzanne pratt joins me. suzanne, investors around the globe saw red after standard & poor's gave u.s. debt a black eye. >> suzanne: tom, an upsetting day of dramatic selling here at the big board on extremely heavy volume. the dow lost a stunning 634 points, or 5.5%. it now trades below 11,000. the nasdaq lost 174 points, or almost 7%, and the s&p 500 tumbled almost 80 points. trading volume the second heaviest we've seen this year-- 2.5 billion shares here at the n.y.s.e. and just below four bil

jennifer hudson performed. the president saying that he was looking forward to celebrating his 50th birthday. he'll be back here in washington today. >> the big 5-0. all right. thanks. >>> overseas the growing hunger crisis in somalia has prompted the united nations to add three new districts to its zones. over the next few weeks, the hunger crisis will spread to the country's entire southern section as well as parts of kenya, uganda and yooet yoe i can't. millions are at risk of starvation. violence has prevented humanitarian aid from reaching the hardest hit areas. >>> five months in to the unrest in syria, the united nations security council has condemned the forces for attacking civilians and wants those responsible to be held accountable. this comes following a military assault launch by the government this weekend. it's still ongoing and there are reports of at least 100 dead over four days. since march, assad's are a game has been cracki down 00 protest tors. as many as 1700 may have been killed. >>> and

i'm tom hudson. the house has begun voting. good night everyone, and good night to you too, susie. >> susie: good night tom. i'm susie gharib. we'll see what happens on that vote tomorrow. good night everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

well, hudson is a street that goes off and goes across the water.efore we get there, we have one of the power plants down there, big issues about power plants and hunters point. >> big issues. this is hunters point power plant and it's just south of the main at southern end of the port's land. >> as chris and i were driving along in the southern waterfront area, it was very hard to take a picture that had a person in it because there are no people there. there's a little bit of industrial activity, we see sand and gravel, and we see concrete. and here is a place where we have some of these waterfront lots that have been abandoned. this is the old almond brothers boat yard now. but there are no small uses being made other than these interim commercial uses. >> every city needs a place for that, if you store sand and gravel when you're recycling and all that. >> you need to have these kinds of sort of low value land use things. not everything gets high value developed. >> yeah, it's an interesting dichotomy. because for these kind of traditional -- wh

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> tom: good evening everyone. are the golden days over for gold? gold prices plunged over $100 today while stocks rallied for the third straight day. >> susie: tom, it was a dramatic reversal for gold. it's been steadily hitting new record highs. >> tom: susie, gold surely lost some of its lustre today. gold futures lost $104 for the biggest one-day slide in more than 20 years. gold closed at $1,757.30 an ounce. the past year for gold has seen prices rally from $1,200 to a record just yesterday. even with today's selling, gold is up almost 9% this month alone. >> susie: one of the reasons for that gold sell off, tom, investors are feeling better about stocks and were reassured by today's economic report showing strong orders for durable goods. the dow rose 143 points, the nasdaq added 21 and the s&p added 15. joining us

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. >> susie: good evening, everyone. another day of jitters here on wall street. investors still haven't recovered from last week's violent volatility, and, tom, looks like they just don't feel good about stocks. >> tom: lots of nervousness, susie, and that's why investors have been yanking billions of dollars out of stock and bond mutual funds. the investment company institute tracks the numbers. $40.3 billion pulled out of those investments last week alone. stock funds alone saw $30 billion in outflows. it was the biggest single week for withdrawals since the 2008 financial crisis. >> susie: now, investors may have doubts about stocks, but they are big believers in gold. the precious metal broke $1,800 an ounce overnight and, in new york trading today, settled at $1792, up about $9. so is this a boom or a bubble? as erika miller explains, i