- Highlights
- Full Text
[0:18] ..." cloudy skies overhead I'm Diane Stern and here's where we're following the Federal Reserve -- down a key interest -- this is the seventh cut in seven months -- has been trying to spur the economy"...
[1:05] ..." mattress professionals. The Fed takes a smaller bite out of the key interest rate and it's taken in recent months the latest move to help right the ship of the US economy here's a closer look"...
[1:16] ..." It was as expected the Federal Reserve has lowered the federal funds rate by a quarter point. CBS has."...
[7:01] ..." are up just 58 points after the Fed cut rates to 2%. Business reports at eight and 38 past the hour -- MarketWatch dot come on WBZ Newsradio 1030 the forecast next on WBZ."...
[7:19] ..." thing the right way at the right time simple right of course small business owners will tell you the finding time is what makes it tough. That's one more small business owners turned to be -- business it has multiple payment options like credit and debit that are accepted at millions of locations worldwide."...
[0:00]" WB ZWBZHT Boston. Traffic on the three. Breaking news when it. Every -- the WBZ Boston news radio ten."
[0:15]" Good afternoon it's 3 o'clock 48 degrees in Boston and cloudy skies overhead I'm Diane Stern and here's where we're following the Federal Reserve -- down a key interest -- this is the seventh cut in seven months -- has been trying to spur the economy on Wall Street the Dow -- and -- back its -- to rise sixteen points and -- report -- latest from Boston's financial district lots of -- still without gas service following the weekend water main break -- national -- says it shifted from defense -- offense now -- and an apology from prison and a girl who inspired Boston -- was I'm Carl Stevens in Dorchester and the AccuWeather forecast right chilly weather across the area tonight's sunshine tomorrow morning clotting over during the afternoon."
[1:01]" This afternoon commute is brought to you by the most trusted name in mattresses sleep days the mattress professionals. The Fed takes a smaller bite out of the key interest rate and it's taken in recent months the latest move to help right the ship of the US economy here's a closer look from CBS."
[1:16]" It was as expected the Federal Reserve has lowered the federal funds rate by a quarter point. CBS has."
[1:23]" across this is the seventh cut in seven months as the Fed has been trying to spur the economy which is pretty much stagnant right now but this quarter point drop may be the last for awhile for several reasons first -- growing worry about inflation -- fuel and food prices have been shooting up the Fed may want to time to see how all the stimulus is working. And this cut brings the federal funds rate to just 2% -- it can't get a whole lot lower."
[1:44]" That Moody's dot com economist Mark Zandi says the economy with six tenths economic growth in the first quarter. Could sure use the help."
[1:53]" It's a very liberal -- very soft support weak report. Just an economy that has stalled out and if not in recession very very close."
[2:00]" CBS news update. I'm -- cards. The still work ahead to get gas service back onto everyone who lost it and that weekend water main break downtown. The WBZ is Lisa Meyer reports national grid says it's making good progress we're definitely gone from defense to offense company DP next of -- says there's gas in the entire system but as crews are now doing the real dirty work of the project."
[2:23]" The big challenges some of the very large accounts where customers -- sub basements so we've been pumping out between 800 -- thousand gallons of water -- customer locations -- in those facilities crews are working around the clock to try to fix things and they're winning high marks from Paul -- at the Boston chamber they are doing everything they can national -- concedes even after everybody's fully online there will still be sporadic problems. But they're not expected to be widespread ones Lisa -- WBZ Newsradio 1030."
[2:55]" The man who shot Kylie Harriet leaving the little girl partially paralyzed has said I'm sorry the apology coming from the prison where Anthony Warren is serving time. WBZ's Carl Stevens has the story of forgiveness and hope."
[3:08]" Five years ago when she was three years old Kylie Harriet was shot by Anthony -- paralyzed from the waist down she inspired this city when she forgave him in court. Today she saw Warren -- video shot in prison thanking her."
[3:21]" economy. Or become over what because they went -- party -- me."
[3:27]" Tightly in her wheelchair watched the video next to her mom she smiled."
[3:32]" think things. So that's all asks me. I couldn't he's general came to an instant and Arafat as crime."
[3:46]" From Dorchester Carl Stevens WBZ Newsradio 1030 WBZ. WBZ news time 36 a nice looking afternoon we do have a bit of sunshine to clouds though and it's 49 degrees bit of a breeze also is going to be downright cold tonight. About 33 across the suburbs to about forty in Boston. We do have the possibility of of frost or freeze tonight so. Bring in those tender annuals will have more on the forecast in just about four minutes here on WBZ. A cop well with the male WBZ is Karen Twomey tells us about Mayor Menino -- idea to get feedback from the neighborhood it's."
[4:24]" Thirteen copy -- are being held parks and playgrounds throughout the city the idea to give regular people a chance to meet the -- talk about their concerns Mayor Menino says it's an important part of the job."
[4:34]" To listen to them some months. Prompt you to solve -- is something along and they want to have access to you this but I dropped about as being available in the mostly dormant. Take into consideration the issues they bring -- Terry Doyle -- her mother came here to do just that like they've done in years past."
[4:52]" The great idea we've come incentives for the past couple years of my father my -- we've given implants onions and we've given her great ideas but. It's a good chance for people Lavigne I'm."
[5:02]" At -- park in Dorchester Karen Twomey WBZ Newsradio 1030 news from around the world Afghanistan's size 16% increase in terrorist attacks between 2006 and 2007. The numbers -- in any State Department report that looks like global terrorism."
[5:18]" Terrorist attacks around the world which included assistant Algeria Saudi Arabia Pakistan Afghanistan and -- resulted more than. 3200 noncombat deaths 6000 injured. And 300 kidnap."
[5:31]" daily with the office of counterterrorism says Al Qaeda has been gaining strength from remote hiding places and Pakistan. And report again identifies Iran. As the world's most active state sponsor of terrorism. A US official says Iraqi leaders hope to push Iran into giving up its training of and supplying weapons to militias. The official says Iraqi leaders want to present the Iranians their latest evidence at a meeting. Meantime pentagon chief Robert Gates says the US is not laying the groundwork for an attack against Iran. WBZ news time 38."
[6:07]" Here's the news right here. Season news at wbz1030.com. Now -- joining us from marketwatch.com. Right after the Fed made its move Diana Dow surged above thirteen thousand for the first time since in January. Investors got exactly what they wanted to with a quarter point rate cut about an hour ago at 2%. But investors seem to be having second thoughts and now the Dow has lost its triple digit gains. Now of just 57 points the Nasdaq composite losing eleven and the S&P is almost unchanged. So why the pullback MarketWatch chief economist doctor Irwin Kellner says he's concerned about the Fed's statement. That financial markets remain under considerable stress. And that it's still worried about tight credit conditions and about the economy. And once again the Dow Industrials are up just 58 points after the Fed cut rates to 2%. Business reports at eight and 38 past the hour -- MarketWatch dot come on WBZ Newsradio 1030 the forecast next on WBZ."
[7:15]" You know wise man once said success Aziz. Do the right thing the right way at the right time simple right of course small business owners will tell you the finding time is what makes it tough. That's one more small business owners turned to be -- business it has multiple payment options like credit and debit that are accepted at millions of locations worldwide. And it helps reduce paperwork -- tracking your finances to see more ways BC can help good of -- that dot com slash small business. Business takes Lisa. We five times this election Jarrett is where to go for diamond jewelry this Mother's Day. Share in the gallery of jewelry has literally hundreds. Bracelets earrings necklaces and rings to choose from diamond solitaire earrings are always a great choice and -- their extensive selection is priced from under fifty to 8500 dollars and includes -- certified Hollywood. This -- Jerry dot com to find the location most convenient for you."
[8:15]" And the weather details with Bob Larson the extended WBZ AccuWeather forecast through Saturday brought to you by Toyota quality depends on mostly clear tonight and Chile -- of 33 across some suburbs and forty in the city of some sunshine accumulating clouds tomorrow -- sixty. Rather cloudy tomorrow Diallo 45 clouds limited sun on Friday. But they showered in the area especially south of Boston high of 54. Saturday partly sunny with a chilly wind and a high of 51. -- whether -- just ten minutes. -- WBZ AccuWeather meteorologist Bob Larson a little clouds -- rather a lot of clouds and a little sun 51 degrees and breezy in Boston. Fifty degrees right now on Boston with a mix of clouds and sunshine WBZ news time 315 and here is Tom Cuddy with sports brought to you by Suffolk downs."
[9:03]" still Lana hawks at the garden -- in number of fine self whose defense has struggled during games three yen for a with predictable results."
[9:10]" I don't think anything's going to check our confidence obviously we're not happy right now we're not happy group for a nor she would be the individual of interest can be better there's no doubt about it was is going to concern the stars a little bit better I think we can control them a little bit better -- down Obama in the game will give ourselves as -- as the winner. We just not put together because it wasn't we give a forty some percent shooting in the in the two days and that's not us we're we're used to hold things down the last 4142%. And that's what we're on our best lodges and almost as -- says Bob Malone --"
[9:45]" Paul -- and Doc Rivers game six in Atlanta Friday. Rents are -- blue -- at Fenway in -- second of three Daisuke Matsuzaka gets a call the sentinel big league baseball seventh inning White Sox three twins three. Pittsburgh seven met snowstorm a fourth St. Louis three Cincinnati to on the sixth. Dallas Mavericks have finally head coach Avery Johnson. They should fire the dummy you made the Jason Kidd trade. Seattle's Kevin Durant as the NBA rookie of the year and New York Rangers Sean Avery well mr. remainder of the season last serrated spleen. -- make up lay out tonight Philadelphia leads Montreal two games to one. In Philadelphia Dallas leads San Jose three nail in Dallas NBA Cleveland -- eliminate Washington in Cleveland. 317 on the WBZ news Tom Cuddy WBZ radio sports -- more"
















