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[0:23] ..." we're following trying to find a tourniquet to stop the bleeding on Wall Street -- attempted to -- A 7% drop yesterday futures down again this morning this is Karen Twomey sold a bailout bill was passed -- on Wall Street continue to -- What's going on also this morning you might lose the right to reveal a surcharge on your auto insurance under managed competition I'm are going here's AccuWeather applying for all weekend coming up -- temperatures in the sixties -- seventy --"...
[1:08] ..." 200 years eastern back. It started out as a few sparks on Wall Street the Dow what is turned into a global wild -- stock markets around the world during something of a free fall in"...
[1:59] ..." Members continue to dive on Wall Street again today global markets doing the same thing. This after a major bailout was approved so what's going on I talked to"...
[2:47] ..." financing business of the General Electric for the loss of the General Motors the tanks nearly dry. GM shares are at their lowest level in nearly sixty years under five dollars a share. The crisis"...
[4:05] ..." Massachusetts drivers who pay a surcharge on their auto insurance because of an accident can now appeal it to a special board of appeals. And many times aboard dropped the surcharges explains"...
[5:13] ..." dropped 22% earnings per share came to 45 cents and that matched Wall Street expectations. That was good news compared to the worldwide market selloff that we're seeing this morning. Traitors or even low interest rates"...
[5:56] ..." Heavenly days -- good news here down four point 3% 8286. Of business reports at 830 it past the hour things will get better Brian -- on marketwatch.com. On WBZ Newsradio ten to."...
[6:19] ..." an extra two other hand it does look like -- treasure what World Series game in Baltimore was snowed out it was very cold today. We don't see any snow although in two weeks from now"...
[0:00]" This honestly is the most listened to station in new late breaking news WBZ. Newsradio for. 1030 every day. It's WBZ news time and now -- 8 o'clock in the morning and a good morning we have sunny skies in Boston it. And -- up to 54 degrees on this Friday the beginning of a long holiday weekend thanks for joining us. Good morning I'm -- we're following trying to find a tourniquet to stop the bleeding on Wall Street -- attempted to -- A 7% drop yesterday futures down again this morning this is Karen Twomey sold a bailout bill was passed -- on Wall Street continue to -- What's going on also this morning you might lose the right to reveal a surcharge on your auto insurance under managed competition I'm are going here's AccuWeather applying for all weekend coming up -- temperatures in the sixties -- seventy -- mostly in the forties through here Thursday and is."
[0:51]" Portuguese open their season with a win in Denver the Red Sox in Florida it's game one of the -- CS tonight in Philly beats LA in game one of the NLCS. We'll get more we deal settles of these fifteen WBZ news -- with. It is -- you can bank on is being brought to this morning by eastern bank Boston's bank for business and true blue for nearly 200 years eastern back. It started out as a few sparks on Wall Street the Dow what is turned into a global wild -- stock markets around the world during something of a free fall in Europe the numbers are down in England France and Germany. Sox in Japan closed at more than nine and a half percent lower. And economist David -- at standard poor's in New York tells WBZ this morning the fires being -- by frozen credit."
[1:30]" Nobody wants to lend anybody right now everybody wants their cash kept under the mattress where they think it's safe. And that's of course a problem because that means nobody's buying commercial paper and nobody's lending to companies. Dark Hartford company to operate they can't get --"
[1:44]" President is expected to make another statement on the economy from the White House at about 10:25 this morning WBZ Newsradio 1030 we'll bring it to you alive. Meantime one of the people who helped to craft the nation's economic rescue package has spoken -- WBZ's Karen Twomey just a short time ago."
[1:59]" Members continue to dive on Wall Street again today global markets doing the same thing. This after a major bailout was approved so what's going on I talked to one of the architects of the bill congressman Barney frank who was in Cambridge this morning."
[2:11]" So the bill did help -- looked at credit market in the construction drugs haven't shut down people are still selling cars put the loss of confidence -- that the stock market is obviously terrible and its impact on people. Congressman frank says this at the end of an -- to figure out what to do next these these Europe total deregulation. Avoiding the capital markets decide for itself what's best. That's could be ended and we get together this current crisis in Cambridge Karen Twomey WBZ Newsradio 1030."
[2:40]" Lights are so bright it JA GE -- General Electric third quarter profit just reported this morning down 22%. Of -- financing business of the General Electric for the loss of the General Motors the tanks nearly dry. GM shares are at their lowest level in nearly sixty years under five dollars a share. The crisis can also be seen at the airport these days companies have been cutting back on travel expenses and that means business is off about 17%. On the delta and US Airways shuttles the Red Sox are getting -- kick -- up a notch -- hoping to give the Tampa bay rays -- juice at Tropicana Field is game one of the American League Championship Series tonight. And WBZ TV Red Sox beat reporter Dan Roche in St. Pete this morning tells visited won't be war."
[3:21]" That note telling him he was accused September series says the other based about a bunch of big victories and outlawed in two pretty evenly matched teams too dangerous teams and it should be a lot of fun to watch these two teams collapse."
[3:32]" First pitch tonight 837 much earlier -- the playoffs with the angels Gil Santos has more coming up with sports city fifteenth. So how authorities think the Red Sox will go in this series just about all of those who respond to Laura online polls say all the way but there are differences in how long it'll take. The most popular answer his Boston will win in fiber six games followed by the Sox winning in seven. Would like to know what you think -- you can tell us on our website WBZ 1030 does come WBZ news Tom is 87 the right to appeal a surcharge on your automobile insurance. May soon disappear here's WBZ's Art Cohen."
[4:05]" Massachusetts drivers who pay a surcharge on their auto insurance because of an accident can now appeal it to a special board of appeals. And many times aboard dropped the surcharges explains consumer advocates Steve D'Amato."
[4:17]" If you had an accident your insurer will make a determination as to whether shortfall until this. The that they have to kill right -- it is his designed to allow you have an objective third party. Make that determination."
[4:28]" If the state eliminate the appeals process drivers would have to go to superior court. An expensive and difficult option."
[4:35]" From the consumer's standpoint this would be a huge loss."
[4:37]" In a statement the insurance commissioner said this is just one of many things are looking at and have not made any decision. Art -- WBZ Newsradio 1030."
[4:45]" And the announcement this morning of the winner of the Nobel Peace Prize he is 71 year old a Martti ahtisaari former president of Finland. Known among other things for his negotiations in Namibia in. 1989 in 1990 which led to the establishment of that country's independence in time for more business news now we do it at 838 every hour -- right now from MarketWatch Ron Amadon."
[5:07]" General Electric is posted third quarter results that were in line with the lower guidance it gave the market since September. Net income dropped 22% earnings per share came to 45 cents and that matched Wall Street expectations. That was good news compared to the worldwide market selloff that we're seeing this morning. Traitors or even low interest rates won't open on the credit crisis or futures down a lot two point 3% for the S&P. But of that one and a half percent for the NASDAQ futures European markets followed Asia's leader and are trading lower this morning Paris and Frankfurt market's down nine percentage. Rounded up seven and half percent the Vienna market opened late due to the big European selloff. And the exchanges in Austria and Russia among others suspended trading traders in Australia already calling this Black Friday that market closed down 8%. Oil prices. Heavenly days -- good news here down four point 3% 8286. Of business reports at 830 it past the hour things will get better Brian -- on marketwatch.com. On WBZ Newsradio ten to."
[6:10]" Time for the forecast as we look ahead to the long holiday weekend for a lot of people schools closed for example in Boston on Monday Columbus Day. Meteorologist Ellen Abrams looks like an extra two other hand it does look like -- treasure what World Series game in Baltimore was snowed out it was very cold today. We don't see any snow although in two weeks from now I don't tell anybody that so I won't. So early today temperature climbing basically do the seventy degree mark the next few days -- the upper sixties nighttime temperatures mostly in the fifties -- the city forties and outlying areas. And a sign of any rain for later Tuesday or Wednesday when we could get a couple of showers a beautiful weekend. Is coming up forever once on the BBC AccuWeather meteorologist Alan Abrams thanks Eliot -- 54 degrees in Boston at WBZ."
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