My WBZ Afternoon Headlines 09/30/2008

[0:02]" WBZ. HD. Boston. -- honestly whether it is the most listened to station in new late breaking news WB's. News radio 1030 every day."

[0:14]" Good afternoon it is 3 o'clock partly sunny skies in Boston and 61 degrees I'm Diane Stern and here's what we're following in the WBZ is Roman numbers after yesterday's meltdown on Wall Street. The Dow is up 370 points from MarketWatch reports coming up senate Republicans singing a different tune on a bail out we must get our job we'll get. -- our constituents in other news Lawrence police officers charged with kidnapping and rape in a woman while on duty and."

[0:43]" He's beautiful to WBZ AccuWeather forecast mostly cloudy a little more than a spotty shower we look for more in the way of rain come tomorrow and tomorrow night."

[0:52]" This afternoon to beauty is brought to you by the most trusted name -- mattresses sleeping as the mattress professionals. The president is holding out hope for a financial rescue package after the house defeated the 700 billion dollar bailout yesterday. The president warns of painful lasting damage for millions of people. Congress is on break today for the Jewish new year but behind the scenes talks continue. Republican senator kit bond says he doesn't like the taxpayers being Omaha. But in this case what's good for Wall Street is good for main street it's much more than about lost. It's about average American families individuals small businesses farmers. WBZ's Laurie Kirby says members of the Massachusetts congressional delegation are speaking out today some Republicans -- House Speaker Nancy Pelosi is partisan speech. In the bail of debate is the reason for the bills defeats fact that. Absolutely. Ludicrous democratic basic congress and my copy wanna who voted for the bill bill less than enthusiastically. What happens now."

[1:52]" But the kicked windows and my hope is that they take a little while many years several days maybe maybe even. Few weeks take a deep breath then let's see what happens."

[2:02]" What shouldn't happen says South Boston congressman Steven lynch is for the taxpayers to bail out the fat cats."

[2:08]" Wall Street and the people who benefit most greatly off our had a potential to from the bailout or have to contribute nothing."

[2:15]" Laurie Kirby WBZ Newsradio 1030 and tonight on WBZ is night side Congressman Lynch Tierney and Al hunt who voted against the bailout will join Dan -- in the studio right after the 8 o'clock WBZ news. And coming up next half hour the thoughts of an economist who says the government has no business bailing out Wall Street. CBS news business correspondent Anthony mason -- on Wall Street says if there is no action by congress hard to get credit could soon be impossible to get."

[2:44]" Problem isn't here on the trading floor the problem is in the credit markets which have essentially frozen and banks -- even lending even to each other at this point. If they're not doing that that means at my own business and I need cash to meet my payroll and maybe buy goods for the Christmas season I can't get it right now that freezes the whole economy."

[3:01]" We'll check the Wall Street numbers in just a few minutes but right now the Dow is up more than 370 points. As for home prices -- closely watched measure of the housing industry shows the sharpest drop ever in the annual rate of housing prices in July. The S and p.'s case Shiller twenty city index fell a record sixteen point 3% from a year ago. ABC's Jim Hickey has more."

[3:23]" Forget about flipping home prices on average have dropped what they were four years ago any increase output had occurred in 2000. Or had had been taken back Maureen made it at Standard and Poor's says we may not have seen bottom yet don't wait for few more months of data the good news if you wish to call that the right to price decline. Is slowly. Jim Hickey ABC eighty."

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[6:06]" WBZ news time 3 sex there is some sunshine over Boston right now lot of clouds though in 62 degrees. For tonight we'll have -- in the fifties cloudy skies cloudy breezy tomorrow and tomorrow night with periods of rain. Thurston and Friday -- with highs in the upper sixties once again. In Boston now 62. WBZ news -- 36 the man behind a major incident that Hillary Clinton's campaign office in Rochester, New Hampshire gets three years in jail. Leland Eisenberg pleaded guilty to kidnapping and criminal threatening he took six hostages last year claiming to have a bomb which turned out to be wrote players. Eisenberg said voices in his head led to his suicide plot. He's been jailed for most of the year and that will be credited toward his sentence when he -- that he has to undergo counseling and treatment for mental illness. A Lawrence police officer arrested in New Hampshire is a fugitive from justice as WBZ is Kim Tunnicliffe reports he faces serious charges in Massachusetts."

[7:06]" Lawrence police officer Kevin sledge is charged with rape kidnapping and indecent assault sledge was on duty and in uniform last Friday. When he left his post in the police booking room. Police chief John Romero says that's when the alleged rape happens."

[7:23]" of leftist polls put -- commissioners personal vehicle shortly before 2 AMP picked up the female pleaded drove his personal vehicle to private parking lot in the vicinity of the police station and that allegedly sexually assault the female in the vehicle."

[7:35]" Officer sledge was off duty today when he was stopped in New Hampshire where he lives. And arrested as a fugitive from justice he's being arraigned in Derry district court Kim Tunnicliffe WBZ. Newsradio 1030 you may have noticed on your way into work today from just yesterday gas prices at the pumps have gone down considerably. That's -- in the northeast. Gas is still hard to come by in the southeast. After hurricane activity across the gulf ABC's -- in Miami says prices there are higher than in other parts of the country. The southeast folks are pumping all aghast they can't anytime they can --"

[8:13]" Pop the ball today. -- Definitely pipeline interruptions from hurricane Gustave and I cartoon blamed. The shortages forced some community colleges to close -- also encouraged folks to opt for public transportation."

[8:28]" That got an ABC news Miami WBZ news time 3 wait Wall Street numbers next."

[8:34]" Hear the news right here. -- the news at wbz1030.com."

[8:40]" And Nancy Lyons joins us from marketwatch.com. Diane the Dallas up 394. The NASDAQ up 91 the S&P is up 52. It looks like investors are getting back up on the pony after yesterday's record fall there seems to be a growing belief that. Lawmakers will come up with some sort of rescue package for the economy. President Bush says we've reached a critical moment some of the strong performers today are the financials Citigroup is up 17% JPMorgan Chase up. 12% Bank of America up 12% and Wachovia shares are the biggest movers. There up 89% today Wachovia while no longer the big bank it once was it is still doing business is a brokerage in an asset manager. Home prices continue to plunge the S&P case Shiller index showed a -- of sixteen point 3% of home prices since last year. Las Vegas continues to be the weakest US market prices in Boston are down 5% from last year. Business report today 38 past the hour I'm Nancy -- marketwatch.com. On WBZ Newsradio 1030."

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[10:13]" And other weather forecast short and -- in addition to college except for the rain tomorrow we have the extended WBZ AccuWeather forecast now from Bob Larson mostly cloudy survival of 55 cloudy breezy tomorrow into tomorrow night with periods of rain."

[10:27]" 68 -- warm night 58 for Thursday and Friday partly sunny and windy. Bible pays 68 next weather in just ten minutes. I'm WBZ. AccuWeather meteorologist. Bob Larson we're in the sixties right now 63 degrees and partly cloudy and Boston."

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[11:23]" That report to talk let's talk talk talk talk. It's time to turn off the -- Joining -- grade for his college campuses Wednesday at Westfield state. Go do WBZ 1030 -- and could -- on around the globe. It was out of Britain's as the democratic way."

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