My WBZ Afternoon Headlines 07/29/2008

[0:00]" WBZ. WBZ. HD Boston. Straight straight screening all online 24 hours a day this is WBZ Boston the most listened to station in New England."

[0:15]" Good afternoon it's 3 o'clock and 82 degrees in Boston partly cloudy skies I'm Diane Stern and here's where we're following it's all about the equity. The news out of Washington today not good for homeowners and home prices fell almost 16% today and I'm Lisa Meyer Alaska's senator Ted Stevens down under indictment he guided the FBI's scared because of relationship with -- oil company executive local television pioneer Jim fassel has died. WBZ AccuWeather forecast."

[0:44]" Looks like we'll have a dry night out there tonight returns for humid tomorrow there could be -- thunderstorm by later in the day on Wall -- final trading hour the Dow up 189. Points is oil futures tumbled yet again MarketWatch report coming up Red Sox and angels that's been going gain to a three Clay Buchholz. Gets the call."

[1:03]" And this afternoon commute is brought to you by the most trusted name in mattresses sleeping is the mattress professionals and we begin with this developing news a strong earthquake has struck Southern California. It happened a short time ago just after 2:40 eastern time ABC's Alex Stone felt the tremors in Los Angeles."

[1:20]" Mild at the beginning. Then the Rowling picked up the LAPD we've been told that they are reporting it as well. They're an earthquake mode at this point preliminary magnitude were being told right now five point six. That could do some damage we don't know what kind of damage has been done at this point. But a pretty sizable earthquake."

[1:40]" We're hearing Erin no immediate reports of damage or injuries that jolt was felt from Los Angeles to San Diego and just slightly in Las Vegas. It was centered about thirty miles east southeast of downtown LA we'll keep you posted on that one. If you're a homeowner you may not like the news out of Washington today. Standard and poors is reporting home prices fell almost 16% in May the largest single month drop on record. WBZ's. Lisa Meyer tells us the price drop means different things to different people."

[2:11]" If you have a lot of equity in your home and you don't plan on selling any time soon -- price drop doesn't -- a lot according to UMass Boston economics professor Christian Weller but if you didn't have a lot of equity in your home to begin with or you've been borrowing against it well this is just not good news."

[2:26]" For many years people used their homes like -- PM even when they had an. He's taken their -- be -- candidates to pay for tickets college tuition to buy and car to people now went home prices fall much easier for the home prices to fall below all the money that the old in the whole."

[2:43]" So how about the future outlook -- All up much worse Lisa Meyer WBZ Newsradio 1030 -- development on the ongoing -- disappearance of the seven year old taken from Boston Police have located the black SUV said to have been used by Clark Rockefeller and the kidnapping of -- or Abbas Sunday afternoon. A warrant is out for his arrest Boston Police are interviewing the operator of the vehicle that was found today but they're not releasing his identity. Boston authorities are working with their counterparts in New York and the FBI to try to track down Rockefeller and his daughter. WBZ news timed out 35 back to our top story we now have no immediate reports of significant damage or injuries. Lots of hearts pounding now in Southern California an earthquake about a half hour ago measured so far magnitude five point eight. WBZ's Lana Jones is here with more -- Well -- I just up the phone with Keith Cooper in Venice California who was in his office when the first tremor hit just a few minutes ago."

[3:41]" Plus it's working in hand all of a sudden the building started chicken and with the grounds that a chicken and that seven heart attack or -- And everybody jumped up and went outside looked around -- And still kind of shaken a little bit to do was -- Scary."

[4:02]" So this lasted quite awhile."

[4:04]" Yeah what was the initial one was just you know just a few seconds but but that we can still feel the -- and after that it -- Last it was going up and down. You know what but it wasn't bad as the initial shock of the first."

[4:20]" What goes through your mind now there when these things happen at a Los Angeles are you always think -- that this could be the big one."

[4:27]" Well hopefully it's just you know some pressure -- release so the big one doesn't and so big -- Are scared about you know until his -- Diana Tapia. For February's."

[4:42]" Well -- as we spoke Cooper said he could still feel the ground rolling under him but he says that there has been no visible damage where he is Lana Jones WBZ Newsradio 1030 all right thank you Lana. Other story is a pioneer on local television news has died after a long battle with cancer Jim fassel worked at virtually every TV station in Boston over the years. This was greatly admired Emily Rooney now host of the WGBH. Program Greater Boston says missile launched the careers of many press included."

[5:12]" Maybe he had to have sort of the fundamental basic -- to be able to be a good writer you have to be yet to be presentable. Today things it's just think it's more cuts that we talk that settled her navigator this system that's added that that didn't matter. To him that she gave everything it can't. No black white woman man gave whatever gave everybody came on that they were good and the."

[5:34]" Jim fassel was most recently director of the broadcast journalism program over BU and served as a television consultant he was 66 year's world. A veteran lawmakers senator Ted Stevens of Alaska is facing a seven count federal indictment. He's charged with not disclosing thousands of dollars in services seek out from an oil company CBS's Bob -- more details."

[5:56]" Stevens as the longest serving Republican in the Senate famous for steering federal money to Alaska is indictment comes as part of a wide ranging corruption scandal in Alaska. In which two prominent oil company executives one of whom allegedly paid for extensive work on stevens' house have pled guilty to providing hundreds of thousands of dollars in bribes to Alaska state legislators among those under investigation. Stevens' son of former president of the state senate."

[6:20]" Ted Stevens has also been dogged by a federal probe into whether he pushed for fishing legislation that also benefited his son. WBZ news time 38. Right here. See the news at wbz1030.com. Wall Street numbers and more from marketwatch.com. And Andrew O'Day hello Andrew."

[7:49]" Now focusing on the weather -- in Boston right now 81 degrees. Here's John -- with the extended WBZ AccuWeather forecast for Friday prayer partly cloudy tonight dropping down to 69. Tomorrow clouds and sun warm and more humid. A thunderstorm in the area by later in the afternoon route 286 a shower or thunderstorm in the area tomorrow night and a 69 warm and humid Thursday. Clouds and some sun a thunderstorm in spots high 86. Less humid Friday mostly sunny -- 83. Next weather in just ten minutes I'm WBZ AccuWeather meteorologist. John fear lots clouds around in Boston sunshine is well and 81 degrees. WBZ news time 315 an out of sports with WBZ's Tom Cuddy."

[8:45]" We'll get very in my view the class of the American League right now I think we feel like every time we -- we -- going to win that tremendous started -- him very good bullpen. While speed they they catch revolver while I can name a lot of things there's a reason management Wednesday due. You know there are accountable open and there are -- has made him deeper. An effort to produce that school."

[9:06]" Red Sox manager Terry Francona pages double sessions in Foxborough today morning sent to southern patriots working without pads sorority in this camp. Training camp so far so good Tedy Bruschi."

[9:16]" I think just that the physical aspect -- straightforward to me for being being inside linebacker I mean but occasionally in the middle Logan Mankins and there have been some of us some of the offensive -- that we have yet -- get used to -- people again -- the in the front seven I think that's the best. The biggest thing that -- used to regain your body has that that's that that's sort of -- the the first and second day where you realize you know anybody third pastor what do you do enemy."