My WBZ Afternoon Headlines 10/06/2008

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

[0:17]" Good afternoon at 3 o'clock -- people."

[0:19]" Agrees it's sunny and Boston right now I'm Diane Stern and here's where we're following in the WB."

[0:24]" ABC newsroom how low can -- go on Wall Street the Dow is down some 683. Points the NASDAQ -- also getting shot down today. MarketWatch reports coming up a key player in the government rescue package is defending his today. Availability already working in the credit markets a word from congress party break. I'm Carl Stevens and -- City Hall a big automaker is winning praise from parents of young motorists the system will be forced to young driver who. The radio down limit their feet and even name them until they bungalow the forecast."

[0:57]" Drive that chilly for the Sox game this evening overnight temperatures dropping into the thirty's outside of the city. And this afternoon commute is brought to you by the most trusted name in mattresses sleep he's the mattress professionals bailout or no bail out. Financial markets are glum about the future the credit crisis reverberating around the world. We it was John -- not with -- marketwatch.com. And John how much of a loss so far one point it was what they're down 800 points the Dow."

[1:23]" That's right the Dow was off more than 800 I guess we are reeling in our loss is a little bit here Diane the Dow right now is awesome 600 and ninety point 600 -- ninety point drop their for the Dow. It is well below 10000 folks in fact the Dow is now it. 9635. The NASDAQ is also giving back a lot of ground today the NASDAQ is off a 153. Points that's almost an 8% slide there and the broader KGS and 500 is giving back 82 points right now just about a seven and a half percent -- Diane."

[1:56]" All right thank you John and John returns they past the hour here on WBZ. A key player in getting the government rescue package passed is defending it today WBZ's Carl Stephens has that story from Newton."

[2:08]" He -- congressman Barney frank was exploited -- defended the passage of the 700 billion dollar bailout bill the markets were tanking. I asked the congressman when we might start seeing some positive effects from this new law."

[2:20]" The answer is it will take a few weeks it happened but. And then nobody can be truth. And the question managed to do it next step yet that may be. While Wall Street is not reacting positively frank says the law is already having a positive effect in the credit markets easy credit from businesses. And even states having trouble getting loans are floating bulbs. From -- City Hall Carl Stevens WBZ Newsradio to a third."

[2:45]" Congressman frank told a mortgage foreclosures symposium in Boston earlier today the GOP criticism of Democrats over the housing crisis. Is a veiled attack on the -- witches racially motivated. In franks words the fact to some of the poor are black doesn't hurt Republican critics -- their political base. The documents show that Lehman Brothers executives were given millions of dollars as Lehman pleaded for federal help. Today the CF -- told a hearing before the house government oversight committee that he feels horrible about his company's bankruptcy. More from CBS's Bob -- on Capitol Hill."

[3:22]" Even as the financial meltdown worsens congress has begun a series of hearings into what went wrong. Experts testified lenders ignored risk because they can make money because housing prices kept going up until they started going down regulators got some blame but -- middle of the corporate library says company executives deserve the most."

[3:40]" It infuriates me when."

[3:42]" They talked about how efficient the markets are except when they're not efficient all of a sudden it's not their fault anymore congress found days before it went under Lehman Brothers was trying to pay twenty million dollars in bonuses the three of its executives. But CBS news Capitol Hill."

[3:57]" financial hurricane is going global from Boston to Iceland and unique thing about I think this of course we ourselves more about -- are quite -- We'll have more coming up the New England business with -- Anthony Silva at 320 fox. WBZ news timed -- 33 and back to the roads there's got at a with the Subaru dealers of New England all wheel drive traffic on the jury it's not."

[4:18]" we have trouble on the expressway heading southbound that is heavy and slow now all the way down to Braintree in northbound level a plane crash near grand out. A -- on the South Shore is okay 128 south moving well -- down to Braintree up north route one northbound -- picked up a new crash in the right lanes near Webster out. 93 southbound -- crash near one's -- five in Wilmington is cleared. 45 northbound watch for a vehicle off the road into the median near Boston road in -- the upper and once boarding gates moving well so is the upper -- the downtown rides in good shape on the lower -- 93 as well this Toro drive. That's -- westbound moving well I'll pass for 95. Next a reported 313 with WBZ's. Tropical story."

[5:15]" Rough and tumble on the campaign trail about a month before the election will have that story coming right up on WBZ."

[6:23]" WBZ news -- 3654. Degrees and sunny skies clouds around also in Boston it'll be clear to partly cloudy tonight in colder in the thirties. Well inland much more on the forecast coming up on WBZ. Campaign 2008 Republican Sarah Palin is piling on the character attacks against democratic presidential candidate Barack Obama. She says there should be more discussion about Obama's former pastor Jeremiah Wright. ABC correspondent David Wright is with the Palin camp in Clearwater Florida."

[6:54]" The polls show Barack Obama in -- here at this is one date that McCain can't afford to live. Early voting and counting in Florida and helping repair failing to energize the crowd -- get spoke --"

[7:07]" Governor Palin is also trying to get mileage from Obama's past association with sixty's radical William -- He or she is telling an audience in Clearwater that Obama seems to share the views of the activist."

[7:19]" I see America as imperfect -- To work with a former domestic terrorist who had targeted his own country."

[7:27]" Obama a child during that period of violent protest has denounced Ayers radical views and actions. For his part Obama today said the McCain trailing camp is bringing up -- Arizona is a distraction."

[7:38]" What they want to do. Is to change the topic because they don't want to talk about the economy. The -- follow -- last figure."

[7:46]" And the Obama campaign says it's fair game now to go after McCain's past connections to the savings and loan scandal. Ford -- has come up with high tech system -- that virtually -- mom and -- in the car with their kids. CBS is Jeff Gilbert explains from Detroit."

[8:04]" The system walls forcing young driver disease the radio down the limit their speed and even name them until they balk."

[8:10]" Oh my god what -- counts he says when parents have peace of mind they're more likely to let their teenagers trying to so it should give kids at the chance to -- more seat time in the car. And will help build their driving skills supporters calling the system might key because of vehicle is programmed to recognize the young person ski. Jeff -- CBS news Detroit Obama."

[8:32]" McCain with six candidates debate tomorrow night at nine on WBZ. Newsradio 1030. Watch it on wbz1030.com."

[8:42]" And we're watching Wall Street up to the minute numbers now here's John ward -- marketwatch.com. Right now -- the Dow Jones Industrial Average down some 637. Points sent to 6% decline there. For the blue chips that now trading at 9690. The NASDAQ is off a 137. -- to 7% decline there. The S&P 500 giving back 72 point sets about a sex and a half percent decline. All thirty blue chips are sinking some of the biggest losers today include American Express it is down 11% Citigroup was off about 10%. Jim may -- separate management says this is the worst he has seen in his forty years in the business and when I asked him how long this is going to go on he thinks we're going to have several years of difficulty years so. Fasten your seatbelts and it could be a long ride folks. Business reports an eight and 38 past the hour on John where -- marketwatch.com. On WBZ Newsradio 1013."

[9:42]" Genuine support in the good perjury partisan observers presents the words from your gas -- call nationalist schools what's wrong guest page for some links. Oh well that's probably because I got the works fuel -- package at the dealership all gets an oil change tire rotation and more just 2995 or less after a ten dollar mail in rebate. Yeah Amazon -- do you want them and others. The -- is -- when disposals be extra zero for this bidding for the immediate retribution for BBD deals through an interview."

[10:12]" AccuWeather forecast next I was talking to my doctor any asked me what medications and taking notes next. Can sound much information as the key to good health and with the Aetna online personal health record test results diagnoses and new prescriptions are -- can alert you to potential conflicts helping you and your doctor make better informed decisions helping me better understand my health. Learn more about the personal health record at Aetna dot com. We want to know Aetna the personal health record is offered by the life insurance company and should not be used as the sole source of information about the -- medical history."

[10:44]" WBZ news time three to would you check the forecast for every ten minutes here is Bob Larson. Extended WBZ AccuWeather forecast brought to you by East Boston savings bank --"

[10:54]" Patchy clouds as we start at the scene giving clear and colder overnight low of 35 and outlying areas with could be frost the 42 of the city. And at game time temperature Fenway natter just below fifty degrees mostly sunny tomorrow high 61. -- in -- Diallo 41 of the suburbs and 48 in the city -- on Wednesday -- milder highs 69 degrees. Even warmer on Thursday partly sunny high 73. Next weather in just ten minutes I'm WBZ. AccuWeather meteorologist. Dollars right now in Boston 54 degrees and partly cloudy skies and."

[11:27]" Anytime there's a terrible crisis affecting the American economy this is an issue."

[11:32]" Hard working people anyway that you vice presidential candidates tackled the economy global warming and other issues of the day at new energy in -- in commitment it's gonna come -- performed --"

[11:43]" And maverick on the war he's not going to maverick on virtually anything New England is newsroom had directed the secretary of transportation to work. -- legislation. To dismantle the turnpike authority WBZ. Newsradio 1030 Andy WBZ 1030 dot."

[11:58]" Come this first Monday in October could be the last as a group for the current Supreme Court justices expect at least one of the justices possibly two and may -- three to retire in the next presidential administration another reason the upcoming election is critical that story's coming up this half hour on WBZ."

[12:17]" In today's difficult economic environment you should have the peace of mind knowing that your bank deposits are insured in fall. An East Boston savings bank we offer customers 100%. Deposit protection. As a member of both the Federal Deposit Insurance Corporation and the depositors insurance fund your money as poorly protected guarantee. As a matter of fact since 1934. No depositors ever lost of padding and a bank insured by both the FDIC. And the -- area. For over 160 years East Boston savings bank has provided individuals families and businesses with the strength. And stability that comes from sound management practices. At least Boston savings bank will help you weather this economic storm and will be here for you and your family's future. For your peace of mind EDS be offers both FDIC and DIF insurance. East Boston savings back rep BIC member -- idea."