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[0:55] ..." The Federal Reserve and the Treasury Department have embarked on a rescue mission. To save a pair of sinking ships. Mortgage lenders Fannie Mae and"...
[1:35] ..." Land anymore money this could be devastating to an already. I'm troubled housing market the White House says President Bush has directed the treasury secretary to immediately work with congress to get the new plan enacted."...
[5:25] ..." from Morgan watched. And Ron Amadon European markets up a futures on Wall Street way up."...
[6:23] ..." 14382. A barrel this is reports at 838 past the hour are Ron Amadon MarketWatch. "...
[0:00]" WBZ. WBZ. HT. Most listened to radio station in New England everyday. News radio 1030. WBZ. Boston. WBZ news time 8 o'clock in the other morning and good morning on this Monday the fourteenth of July. It's mostly cloudy in Boston 74 degrees maple trees we're following for you to WBZ news from locals and the rescue again. This time it's mortgage giant Freddie Mac and anyway would permit. And higher mortgage market of the country because so many lenders -- Lion -- for finally. 64 years after D day five Massachusetts veterans are honored by France I'm Karen Twomey a homicide investigation in Everett American navy -- Trace. I'm Carl Stevens -- Everest here's the AccuWeather as a slow moving cold front comes through there -- showers and thunderstorms at anytime today and early tonight no honorees like this."
[0:55]" The Federal Reserve and the Treasury Department have embarked on a rescue mission. To save a pair of sinking ships. Mortgage lenders Fannie Mae and Freddie Mac have been in a slump since the start of the housing crisis. And yesterday the government announced it is prepared to take all necessary steps to prevent the credit market troubles. The erupted last year with losses from sub prime mortgages. WBZ family finances reporter Jonathan pond says there's a big reason why Fannie and Freddie have to stay afloat -- and Freddie Mac either whole or back five point three trillion dollars of mortgage. At applebee's outstanding mortgage in the United States. And one of the big concerns. Is that if they Panama. Land anymore money this could be devastating to an already. I'm troubled housing market the White House says President Bush has directed the treasury secretary to immediately work with congress to get the new plan enacted. NATO officials try to figure out how more than a hundred insurgents stormed their way into a brand new base in Afghanistan. Killing nine American soldiers in the deadliest attack on US forces in Afghanistan. In three years the attack on the base in the mountainous part of northeastern Afghanistan. Occurred. In part from mosques. Marine lance corporal Stephen west is to be buried today in Wilmington. He was a musician serving on tour with the third marine expeditionary force -- in Thailand. When he died last week the exact circumstances of his death have not been disclosed. WBZ news tomato to 64 years ago they took part in the liberation of France during World War II and today five Massachusetts -- Will be awarded France's highest distinction the legion of honor. WBZ's Karen Twomey reports."
[2:33]" Didn't every of Newburyport can still remember landing on a beach in Normandy sloshing through water already tinted red with blood. And running for his life he -- WBZ TV's -- Down on the beach and -- those -- room. Let's bring order to mirror more from -- developer. He believes sought the piece of hell that their budget reviews and there was a relative death. -- the world every was wounded twice -- sent back to action both times today's legion of honor Award will be bestowed on the men during a ceremony tonight I feel gratified. That I America acknowledged for really changing history Karen Twomey WBZ Newsradio 1030."
[3:13]" And every some startling news and a quiet neighborhood that someone may have been murdered. From -- WBZ's Carl Stevens investigators have been here all night after the death of a man in his forties details are sketchy but he was apparently the victim of homicide. The victim's cousin lives a few houses down this usually peaceful side street."
[3:30]" What are your thoughts about the world's itself had to police and you know. I'm Loretta -- union street. And nobody saw anything or have not heard anything."
[3:41]" There are a lot more questions than answers this morning she tells me the man lived at this house when his mother. And was there by himself when this happened possibly last night she also said a window when their house was broken. We do have a call out to the Middlesex County district attorney's office from Everett Carl Stevens WBZ Newsradio 1030 to -- and ray."
[3:58]" To of the KP in -- police say a man walked into a convenience store on route 28. And pull out of hand grenade allegedly threatening to pull the pin if he didn't get all the money in the cash register. And then things started to go badly police say he tried to pull the pin but that nervous and ran out of the store and into the waiting arms of some bystanders in the parking lot. He is identified as Dennis Walsh of Harwich he's being held an 8000 dollars cash bail. The grenade was -- faith WBZ news -- goes seven in the governors signed the papers that puts the State's new budget on the books. But there are some people worried about the direction we're heading WBZ's Doug Cope."
[4:34]" Before signing the budget Governor Patrick had a word of warning saying while Massachusetts has been doing better than the national economy we should prepare now for trouble ahead. Patrick says capital gains revenues especially are expected to falter."
[4:47]" I don't think anyone can look at the performance of markets. And what's going on in the credit. Industry these days and expect. At least based on the performance so far this calendar -- They capital gains little deliver the same kinds of returns so I think we have to prepare for."
[5:04]" So the governor is also asking for what are called expanded nine seat powers enabling him to make broad cuts in state spending if necessary. At the state -- Doug Cope WBZ Newsradio 1030."
[5:16]" Remember to check us out when you get to work. Listen online every day to wbz1030.com. Business news now from Morgan watched. And Ron Amadon European markets up a futures on Wall Street way up."
[5:32]" Rock and roll and indeed in market reaction -- favorable to the -- splendor -- Fannie Mae and Freddie Mac as well as to the day's big merger news the New York Fed bankers receive the green light to make loans to of the housing dress for -- and Fannie -- if necessary. And treasury will -- temporary authority to buy equity either companies so brilliant fan of the closely watched this morning premarket. And each is up above three dollars a share Anheuser-Busch -- about a 150 years of independence and be acquired by in Bev of Belgium. They announced agreement on the 52 billion dollar deal early this morning one that would create the world's largest beer maker of Budweiser -- about a dollar pre market. But all work together and -- Dow futures are had a 121. Nasdaq up 22 S&P. By fourteen. You can -- the falling price of oil down a buck and a quarter. 14382. A barrel this is reports at 838 past the hour are Ron Amadon MarketWatch. "
[6:30]" He extended WBZ AccuWeather forecast lot of clouds now Elliott Abrams. Yes rain is just getting to the Worcester there's a thunderstorm any central -- Connecticut -- automatic. And if it continues its current rate the shower it'll reach the downtown there are between ten -- eleven which means it to prompt between nine and ten getting into the western suburbs in the little bit longer of north shore and and now predicate for it anyways showers across the area today. The temperatures getting into the low to mid eighties and then tomorrow should be a pleasant day there is some will be out afternoon temperature tomorrow about. Eighty degrees and low eighties Wednesday. Warm and steamy Thursday and Friday wouldn't be out of the question we head toward ninety them some WBZ AccuWeather meteorologist Ellen Abrams thank you -- this morning in Boston mostly cloudy 75 degrees -- WB."
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