My WBZ Afternoon Headlines 09/17/2008

[0:00]" Traffic on the green. Breaking news when it. Every day and the WBZ Boston news radio 1030. That afternoon."

[0:11]" It's 3 o'clock and -- and -- it's a nice afternoon 71 degrees right now I'm Diane Stern and here's the following in the WBZ newsroom we begin we have Wall Street the Dow is down some 245. Points as the red arrows -- Wall Street once again the market watchers weren't coming up the White House is not ruling out more -- after the AIG lifeline and -- that they had this case by case basis and did local news the Boston firefighter charged with dissolved his alleged victim in the hospital -- It appears he's suffered massive heart attack. Carl Stevens was -- reports no rain on the rise here is the AccuWeather forecast with meteorologist bottlers."

[0:51]" Continuation or dry weather across the area for at least the next few days and this afternoon commute is brought to you by the most trusted name in mattresses sleep -- the mattress professionals. Treasury Secretary Henry Paulson two days ago."

[1:04]" I don't take lightly ever putting the taxpayers. It protects here on the line. Two to support to -- to support an institution."

[1:13]" On Monday the Fed took a pass on Lehman Brothers which then files for bankruptcy protection. But -- know by now the government is bailing out another business giant AIG the insurer and that's on top of Bear Stearns Freddie Mac and Fannie day. -- BC's Ann Compton tells us the White House is suggesting there could be more to come White House spokeswoman Dana Perino hinted the AIG rescue may not be the last she says the Treasury Secretary is looking at other troubled companies in what she describes as these shocks to the US financial system and joining us live on the line now MarketWatch assistant personal finance editor Andrea columns in San Francisco. Andrea AIG of -- tentacles just about everywhere south millions of Americans are wondering what they should do if anything maybe we should start with auto insurance."

[2:02]" Well is that it's a very good question and I agree a lot of people I think are very worried with auto insurance. Probably that the people to -- at least if generally. What most -- thinking right now the insurance companies that the that there is a vanity or are quite strong financially solvent. There's not lot of concern about service at this point in time. Seems likely as the company's. Would probably get pulled. Because there's bound they would be not a bad company are probably be at Lehman transition command that the general going thinking right now -- they -- human transition to another company. If the company in -- old. If you have auto insurance you know it's it's short term profit enemies. -- not yet locked into a long term contract you can look around shopper I talked to my broker at that look around achieve future. If you think you can get a better deal summer and a solid ago that it shop around town there's an auto insurance but it and there's no real worry at this point I would Wheaton city."

[3:01]" As a general question when the markets are low and does John ward -- told us from marketwatch.com. The Dow down 240 points as we speak. Is a good time for example least for the brave hearted to jump in and then perhaps by a home."

[3:16]" Bachman father of the big question head advocate and a lot on where you are what the market looked like where you are. Certainly mortgage rates that are are there. You know would seem to be a good -- It's a good opportunity right at dependence look at a mortgage but. But the you know it. I think it Atlanta on the market and and your own plans are eating in home for a long time if that it could be a great time to get around Bryant and wait for the market to keep thinking you know a lot of people don't stand down. On May think they well. That we don't know how long it countenance and collapsed its you know if you think you might need the ballot a couple of years and out China -- right now."

[3:51]" I think there's a lot of paralysis up their people not quite sure what they want to do but. Thanks very much for your expertise Andrea com's reporting from San Francisco -- Personal finance editor. For marketwatch.com. WBZ news time 36 a nice afternoon seventy degrees partly sunny skies and that of the brazen Boston it'll be clear to partly cloudy overnight low is in the fifties. And I tomorrow about 66 degrees. And will be likely on Friday -- hits 68 on more on the weather coming up in about four minutes on WBZ. A dating -- Chinese Government is sending out thousands of inspectors to check on producers of baby formula. The number of baby sit and has soared in one day from 1200 to 6200. And a third -- has died. Many have acute kidney failure. As they languish in hospitals government testing shows that 20% of the Chinese companies producing milk potter. And dairy products with the chemical additive Melamine. That's the same chemical at the center of last year's pet food scandal and the US. More details coming out about an assault allegedly at the hands of -- Boston firefighter. WBZ's Carl Stevens reports from the courthouse."

[5:02]" Prosecutor Amy -- later says that off duty Boston firefighter Paul means got into some kind of fight last night with a 62 year old man at the polish American club in Hyde Park. The man whose last name is Crowley went outside and had a heart attack."

[5:16]" Outside it appears that -- actually assisted him -- CPR. Idealistic to take -- hospital where he remains today I'm it appears -- suffered a massive heart attack."

[5:35]" From what struck British record Carl Stevens WBZ Newsradio 1030 mob hit man John -- auto is take the stand in the Miami trial of former FBI agent John Connolly. Not -- softly admitting in court today that he shot gambling executive John Callahan in 1982. Currently is accused of providing information that led to Callahan murder. Connolly is already serving time in prison the ten year sentence for a federal racketeering conviction for protecting members of Boston's winter hill gang. ABC news time now 38."

[6:10]" See the news at wbz1030.com."

[6:14]" Now back to John ward not for the Wall Street numbers and more from marketwatch.com. Good afternoon John good afternoon Diane I wish it were good afternoon for stocks but it's the same old same old here inside the final -- stocks remain stuck in Iran. Not even a government loan to help save AIG is enough to -- stocks today. As uncertainty and on BC -- over the stock market the Dow Jones Industrial Average down -- 179. Points had been down much worse. The NASDAQ is off 58 the S&P 500 is dropping 25. Wall Street's last two Independent investment firms are falling hard today as traders speculate about their futures Morgan Stanley -- some 32% Goldman Sachs. Is down just about 17%. And -- all this weren't bad enough housing starts. Fell to a seventeen year low last month and building permits a sign of future construction dropped to a 26 year low. Many builders likes and Pulte Lennar Ryland and Beazer are falling hard today they're all down about 10% each. Business reports at eight and 38 past the hour on John were not marketwatch.com. On WBZ. Newsradio 1030."

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[7:53]" the weather details here is Bob Larson with the extended WBZ AccuWeather forecast. Truce Saturday at this point brought to you by the 99 restaurant clear to partly cloudy tonight low 56 mark partly sunny breezy high 66. Clear and chilly tomorrow Diallo 44 degrees breezy and cool Friday."

[8:11]" Plenty of sunshine with a high of sixty. Saturday mostly sunny not as cool highs 68 next weather just ten minutes."

[8:17]" I'm WBZ. AccuWeather meteorologist. Bob Larson we have sunshine in Boston now and seventy degrees now WBZ news time 315 another important game coming up tonight here is Tom Cuddy with sports brought to you by Boston Medical Center."

[8:32]" Red Sox and -- in the final eighteen. Tonight in Tampa Tim Wakefield on the mound -- has regains the one game lead over the Red Sox in the east. The Bruins veteran scrimmage to 7:15 this morning Wilmington those onto a golf tournament I spoke to goaltender Tim Thomas --"

[8:48]" If anything probably made less moves in most of instantly. And back neglect can be a helpful as far as chemistry goes as you know start from scratch in that. And also as far as playing out the Bruins and the Bruins -- in the -- period last year because everybody knows you know how to do it itself that's a look forward to this."

[9:26]" My motivation is me I gotta feed my family that would I needed to to keep its to be successful out there. And I think my teammates say the same thing we go out -- try to and we -- we on the others out of motivation from -- if we use that as motivation and will be we'll have tissue boxes by by a lot of -- crime which I guess they thought you know you've and we just we just do we do and let them play for us."