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[0:58] ..." Washington this morning in an effort to try to put together a Wall Street bailout. And it's the Democrats who were blaming the Republicans Massachusetts congressman Barney frank who chairs the house financial services committee says an agreement depends on house Republicans dropping what he calls a revolt. Against President Bush. Frank says that things started falling apart after yesterday's White House meeting we spoke to congressman Steven lynch who's also on that financial services committee. He says the problem is lack of leadership"...
[1:24] ..." Come from the White House they have no authority and they have no. There's no moral authority they don't have the ability debt reduction overall they didn't"...
[2:24] ..." JPMorgan Chase the move comes after -- was seized by the Federal Deposit Insurance Corporation. He was the biggest failure of a US bank ever and was triggered by run on the bank by depositors the purchase"...
[4:06] ..." thinking green this morning and here's why. Single game tickets to the Boston Celtics the world champion Boston Celtics go on sale today and some diehard fans are out there in the rain. You get their hands on some of the"...
[6:08] ..." largest bank failure in US history while -- taken over by the FDIC. It and struck a deal to sell the bulk of hormones operations JPMorgan Chase and this morning HSBC -- it'll -- a thousand jobs worldwide. Yes indeed doubt NASDAQ futures are down by at least one point 2%. KB home reported a net loss of 103 quarter the homebuilders have continued deterioration in new home demand excessive inventories and lower home prices. Hurt its results. Business report -- and 38 past the hour on Ron Amadon marketwatch.com. On WBZ. Newsradio 1030."...
[0:00]" WBZ. WBZ. HD. Wants to. This on the treatment is the most listened to station in new late breaking news WBZ. News radio. 1030 every day. -- BC news time 8 o'clock on this Friday morning is the 26 of September rating at 58 degrees. Good morning thanks for being with -- Simon Walsh answers were following a little BBC newsroom finger pointing shouting a real mess. As the president's bailout summit gets personal and according to Barney frank gets nowhere I. For a -- I -- know preferably of the internal Republican ideological. The war thirteen hours to go away and McCain still vowing to be a no show isn't."
[0:45]" It's a three alarm house fire across the street from fire department headquarters Carl Stevens. In Belmont here's the AccuWeather Lotta rainy weather coming up the next couple of days watch for flooding in poor drainage area. Well they're headed back to the drawing board in Washington this morning in an effort to try to put together a Wall Street bailout. And it's the Democrats who were blaming the Republicans Massachusetts congressman Barney frank who chairs the house financial services committee says an agreement depends on house Republicans dropping what he calls a revolt. Against President Bush. Frank says that things started falling apart after yesterday's White House meeting we spoke to congressman Steven lynch who's also on that financial services committee. He says the problem is lack of leadership --"
[1:24]" Come from the White House they have no authority and they have no. There's no moral authority they don't have the ability debt reduction overall they didn't make the sale that'd make the sale to the the Republicans and from frankly. There -- a lot of Democrats -- to my shop -- have serious reservations about whether the final work we still don't have anything in writing we're dealing with an agreement in principle."
[1:45]" Senator Richard Shelby of Alabama is ranking Republican on the Senate banking committee. And he's among the members of the GOP who don't like the looks of the president's plan."
[1:55]" This. Paulson. Proposal is badly structured. It does nothing. Basically far the stress. Mortgage. Payer. It does a lot four 345 banks including foreign bank."
[2:12]" Some Republicans are offering an alternative involving a package of tax breaks and new government sponsored insurance program for mortgage based securities. And the passing of another banking giant overnight as Washington Mutual his bought up by JPMorgan Chase the move comes after -- was seized by the Federal Deposit Insurance Corporation. He was the biggest failure of a US bank ever and was triggered by run on the bank by depositors the purchase price a little under two billion dollars. JPMorgan Chase which acquired Bear Stearns earlier this year says it will sell a billion in common stock to raise its capital position. The sounds of Silas at tonight's presidential debate could be John McCain still has not committed to the event at the University of Mississippi Barack Obama says he will be there. University of Virginia political science professor Larry Stabenow says this is bad for McCain."
[2:57]" He says he wants to reschedule it but everyone knows that you can't do that. This is matter that has taken literally years to organize and millions of dollars for poor old -- That that the real victims here."
[3:14]" If the debate does take place in it is skills scheduled to hear of -- WBZ Newsradio 1030. At 9 o'clock this evening and will stream audio and video on our website wbz1030.com. Disturbing news from the town of snobbery. Police are looking for a suspect after a woman was sexually assaulted Wednesday night in an apartment complex on Boston post road. The victim says she was attacked in her building's laundry room. Her description to police would be attacker a man. Between 25 and 362. Blond hair cut short. Wearing a blue T shirt jeans and a baseball cap. A tea trolley drivers in trouble this morning after being caught on camera with a a couple of kids behind the controls. The incident came to the MBTA -- attention after a passenger posted photos on the Craigslist dot com web site. Drivers admitted that he and his son and nephew with him that day. Red Sox papers may be the talk of the town these days this time of year but some fans are thinking green this morning and here's why. Single game tickets to the Boston Celtics the world champion Boston Celtics go on sale today and some diehard fans are out there in the rain. You get their hands on some of the few seats to lift up for grabs."
[4:21]" If you ever pulled all nighter to get tickets there's nothing sweeter than arriving and being first in line like Joe and his friends you're very surprised were were the first ones here we -- that the a lot of people had -- we thought were pretty golden hill but they weren't. Celtics game tickets go on sale this morning and they're using a random numbers system first come first -- not anymore the Celtics and Red Sox do -- keep crowds down and it works only a dozen or so fans -- outside as of 7 AM and it would respect in the out of every dozen coffee and -- or something make it worth their while. That would that be nice -- yeah we'll put it we'll put a pass on the coffee and donuts -- just this just get a sense and tickets and we'll be good at the garden market -- WBZ Newsradio 1030."
[5:03]" At a three alarm house fire early this morning in Belmont WBZ's Carl Stevens from the scene -- of this three alarm fire under control looked across the street right across the street from fire department headquarters broke out around 4 o'clock this morning and woke up homeowner George Garrity."
[5:17]" I just -- the red lights on the the environment -- the front window and night. And OI thought that someone wanted to see that would -- on the dog that I was going to let him and I. And -- a drastic in the front though I don't have food I'm."
[5:34]" Everybody got out safely WBZ news -- way remember to check this out when you get to work. Listen online every day to wbz1030.com. Now the business news good."
[5:47]" Only run Lebanon well good morning out of stock futures are in the red this morning European markets -- moving 2% lower Asian markets closed lower as well. And one analyst said that until we get some form of closure on the big rescue plan we can expect continued pressure on the downside. Also driving markets lower this morning as you heard here on BZ the failure of Washington Mutual. It largest bank failure in US history while -- taken over by the FDIC. It and struck a deal to sell the bulk of hormones operations JPMorgan Chase and this morning HSBC -- it'll -- a thousand jobs worldwide. Yes indeed doubt NASDAQ futures are down by at least one point 2%. KB home reported a net loss of 103 quarter the homebuilders have continued deterioration in new home demand excessive inventories and lower home prices. Hurt its results. Business report -- and 38 past the hour on Ron Amadon marketwatch.com. On WBZ. Newsradio 1030."
[6:44]" And here again Elliott Abrams Elliott. -- we're going to get rain today some of the rain -- some of the rain light that all rain -- the wind picking up the Al east northeast ten to twenty miles per -- few gusts may be higher than that the strongest -- north south and west. Very heavy rain right now on the radar shows up from the South Shore area west across around in the Connecticut and other -- across New Hampshire. But he can -- at various rates all day today into tonight and into tomorrow. Biggest concern for Sunday is what Kyle's going to do they were -- longitude 71. Piles of 69 and is moving north northwest they do imagine if they go to storm could be headed straight toward us. The flow aloft over us is actually from the southwest those about to turn the storm back out to sea but. Sometimes these storms have their own effect on the circulation if that's. Happens this time the storm come right ashore Sunday and it will be a big deal right now are saying it passes of these school watching -- for an all weekend. Some WBZ AccuWeather meteorologist Alan Abrams thanks so -- in Boston this morning light rain 59 at WBZ."
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