it was a gorgeous summer day in newport beach, california, the last of 4th of july weekend. some lucky tourists aboard an eight passenger boat called the greene machine were marveling at a school of dolphins playing in the water when they came across the unexpected. josh mankiewicz (voiceover): the captain radioed the coast guard that a small speedboat was circling out of control. in the water nearby was a man holding onto a body board. josh mankiewicz (voiceover): the man in the water was frantic. josh mankiewicz (voiceover): his name was eric bechler. his wife was pegye, but she was nowhere to be found. josh mankiewicz (voiceover): it was a stunning end to what began as a perfect day. this newport beach couple was celebrating their wedding anniversary and pegye just turning 38. it was her birthday, so she was in good spirits. josh mankiewicz (voiceover): glenda slosser was one of the friends they'd invited to a big party a couple of days earlier. she's talking about how much she loves eric, how great life is. josh mankiewicz (voiceover): and maybe life was great. no, no, b

pemco ins, mark from newport beach, california.his will be a great reset into the fourth quarter this year. rachel, let me start with you. bring up this chart if you can. this is an equity chart. brian belsky, an equity guy, you look at the equity quiet -- there is bond quiet as well. we are at a historic monthly low at the vix. how big a headache is that for you at goldman sachs? rachel: we think volatility is due to rise in the course of the next year. it is likely to be the result of the beginning of tapering. we are coming out next week with a client piece with the subtitle the long and winding road. globally central banks are going to be unwinding, not from the same starting point, but it will begin to tighten financial conditions into next year . we think between the financial tightening conditions and the potential for political risk and policy risks, there is likely to be higher volatility and therefore the trend in spreads will be higher. pemco, theo you at basic idea of hard data, soft data, can we develop a theme? do we

he will be here for three days and that includes a monday luncheon at newport beach. the events will raise several million dollars for the gop. >>> 11 people were hurt today after a car slammed into pedestrians in london. investigators say that was not the case. >> reporter: scary moments on the streets of london saturday when a car jumped the curb near the museum and plowed into a crowd of pedestrians. the incident happened in the middle of the afternoon on a day when central london museum is teeming with pedestrians and tourists. a man is in custody and witnesses say he was laughing as he was being detained by police. >> there was a guy pinned on the ground. our police were quick to reassure the public that there is no danger saying the incident is a road traffic investigation and not a terrorist -related incident. police say they're still investigating possible motives. london ambulance service said most people suffered head and leg injuries. they are not life-threatening or life-changing. >> no -- no one is in panic. four there have been five terror attacks in the

he joins us now from newport beach, in california. doctor, very good to talk to you.re than 270 mass shootings in the us this year alone. i think on average more than 169 in dance of gun violence it day. this mass shooting, though, is unusual —— insta nts. shooting, though, is unusual —— instants. it is unprecedented in the body count. this is the worst mass murder in modern us history. and i think something you have been concerned about for quite awhile, this idea of being elevated and just opening fire for extended periods, then reloading, and fiering, and began and again. yes, i worry about this every new year's eve, and have forward a decade —— firing. someone taking a high position with a crowd trapped low could randomly fire and have good odds of getting a great many people. thankfully the security in most major cities that post those celebrations is very tight, but it doesn't make it impossible. and i think that the reason for this high body count is twofold. first, that he had such an elevated position, with a crowd below. second, that he either had an automat

. >> these coyotes are not just halloween decoration much something people in newport beach are usingare oversee sea lions. sea lions have been jumping on the docks and boats and they're hoping these scare them off. the town bought eight of these live size decoys and so far they seem to be working. >> all right. well philadelphia 76ers robert covington is known for his lock down defense. stealing the ball away from opponents. play after play. well today he was in more of a giving mood. shall we say? covington was at the chester ar arthur school to help the of -- ocf realty company present a $20,000 check to play works pennsylvania. play works is a non-profit that creates programs to provide safe and healthy activities for school children around the philadelphia area. after the presentation, as you can see covington got in a nice workout playing a game of pick up basketball with some of the students. >> i really like see you kids stay active, you know, doing stuff outside being in the house, upping, more fun you have outside. a lot of kids now a days don't understand that. you got vide

bill: it is certainly beginning to be morning here in newport beach.question in product -- implies wages are moving higher, and the average wage means people will want to spend more -- that is probably a positive. i know the wages revise higher in terms of the last month. 2.7% while, ym. i think that is good for american workers. tom: we revised up pre-hurricane. how did she on his henderson adapt and adjust to their hurricane distraction? bill: you basically try and throw it out for a month in terms of the employment numbers. we are negative in terms of the job growth. you throw that out. you look at the wages and you wonder whether or not that was affected by distortions. probably not as much. this is definitely a situation here at janice, with analysis of the fed, looking at the fed and the rate hike in december -- a lot of financial markets certainly are, as long as wages rise toward 3%. they certainly are. i think the fed is slam dunk in terms of raising rates. tom: david westin showed me great charts on bloomberg of japanese yen. you have a weake