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tv   ABC7 News 400PM  ABC  January 15, 2016 4:00pm-5:01pm PST

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this is abc 7 news. >> stocks plunged again today. two weeks into the new year, so far, it is the worst january ever for the stock market. >> larry and alma, check out how much the u.s. indices tumbled today. the dow down 390 points to 15,998, the lowest level since august. the nasdaq also down 127 points
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to 4,488, also the lowest since august. as for the s&p 500, down 42 points to 1880. that is the lowest since october, 2014. finance, teches, energy, retail. new government data shows retail sales declined in december to make 2015 the worst year for u.s. shops since 2009. in terms of global concerns, sliding oil prices down to $30 a barrel now from highs over a hundred dollars. and, of course, the weakening chinese economy. >> i'll be likely to see something maybe you would call a crash in china. or is this just a slowing economy over there. those are questions we can't answer and the inability to answer those in the lack of transparency is turning worry into panic for some traders. >> traders have been panicking since the start of the new year. that's right, the dow made up of the top 30 stocks has lost
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8 1/4%. nasdaq tech companies are down nearly 10.4%. wall street is closed monday for the martin luther king holiday. it could have driven investors to sell. they don't want to hold stocks over the long weekend. the one good thing, the fed may now hold off on raising interest rates again which may create jobs. >> a big shock today from walmart. the company announcing it will be closing 269 stores. >> there are two in the bay area. one is on monteray highway, the other is on the edge water drive in oakland. abc 7 news anchor is live with a look at what it means for those in oakland where they really need both retailers and jobs. eric? >> they do, inkeed. and hundreds of jobs are going to be lost here. 269 stores closing worldwide. about 60% of them will be here in the u.s. this store on edgewater is one
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of them. the speed with which it will close? two days from now. >> i need this store. >> walmart customers we talked to this morning are heartbroken that the oakland store is shutting down. >> when i saw it on the news this morning, i said oh, no, i'm going to have to go farther out. >> the store on edgewater in oakland is 150 being closed nationwide because the company says they either aren't performing well enough or they don't fit into the company's long-term plan. customers we talked to here aren't buying that the store isn't doing well enough. >> this one is like the busiest one. everybody i know comes here. >> the walmart is city council member larry reeves district. he wonders if the increase in the city's minimum wage may be one of the reasons for the closure. >> they wouldn't go into any specific details in terms of the rationale for them closing the store.
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but this store has been very successful for walmart. >> 400 people will lose their jobs, but the company is offering a 60 day severance package plus job retraining and the possibility of jobs at other locations. >> walmart told me that the store officially closed monday night and after that, the store will stay open until february. >> turning to our weather now, let's take a live look outside from our emoryville camera. oh, look at that. >> it was so nice driving in today. the sun was shining. it's just a brief rest, but another storm is moving in tonight. hi, spencer. >> hard to believe we're going to have a storm tonight with the blue skies we have right now. here's live doppler 7 hd. we have conditions right now and see the rain well to the north of us. so, in just a few hours, we'll see the first drops of rain
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hitting the bay area. the high surf warning continuing through sunday night. a high breakers with exceptionally large breakers. there's also a flash flood watch in effect for the area of massive fires up in lake county to the north. that's in effect from sunday morning to monday morning, possible flooding, rock and debris flows. let's get to our storm in our storm impact scale. we rank our storms all through the season numerically one through 5 to give you an indication of the impact you would expect. the one coming in tonight is a 1, expected to produce under half an inch of rain with light to moderate wind. here's a forecast animation beginning at 7:00 p.m. we'll see the first drops of radar by 9:00 tonight, we'll see the rain spreading across other parts of the north bay and about 11:00 p.m., virtually all of the bay area will be getting some wet weather. some pockets of moderate rainfall, as well. and a stronger wave is going to come in tomorrow morning.
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i'll show you that and more storms coming our way in just a few minutes. larry and alma? >> all right, thank you, spencer. down load the abc 7 news app to get your weather forecast on the go to enable push alerts. >> a disresulted passenger forced a southwest airlines flight to turn around and rush return to minetta airport. this is video from on board southwest flight 552. the passenger was restrained after they say he was acting up. san jose police carried him off the plane. according to the airline, the passenger refused to obey instructions from crew members. >> looking for the driver of a hit and run of a 60-year-old homeless man. he crossed the curb and clipped the man who was riding a bike only the sidewalk. police don't believe that was the fatal blow. >> we're thinking that the
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driver panicked at that point, put the vehicle in reverse, as he reversed to flee the scene, he actually ran over the suspect again and that was probably the fatal act. >> and police described the suspect vehicle as a late '80s, early '90s work style pick up truck. witnesses say there's a lot of junk in the bed of the truck and it should have some minor damage to the front fender area of the driver's side. >> a city's sightseeing double decker bush that crashed in union square back in november. in these pictures, you can see the mangled interior of the bus along with significant damage to the front end. the chp says it never inspected the bus before the accident because city sightseeing never registered it with the california public utilities commission. the chp collision report could be released next month. 20 people were injured in that november 13th crash.
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>> discouraging teenagers from a popular high school game where kids used toy guns to ambush other students. >> the game assassin is being played by local seniors. participants buy into the game to get the name of another senior that they try to assassinate using mock weapons. last year, a high school senior accidentally crashed her car into this house while playing aa assassins. >> turns himself in this week on charges he sexually abused the daughter of a former girlfriend. >> police say this abuse happened more than 10 years ago. investigators received a mandatory report of child abuse from a sigh kolgs who was talking with the victim who was now in her 20s. there's no indication that there will be any other victims involved in this case. >> san jose police are hoping this video of a burglary will help someone recognize the identity of these two thieves.
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the suspects got in through an unlocked sliding glass door and ransacked two bedrooms. the description, remarkably similar, both of them 5'7", 140 pounds and 18 years old. >> got away with about $3,000 in glasses. stolen from an awe ton tri business in hercules. a man was seen running near the business. >> this is the second optometrist aufgs hit. you may remember a santa clara business was hit in november. the thieves got away with two cases full of merchandise. >> the warriors will not be moving to san francisco for the 2018 season as they had planned and hoped. warriors president announced today the team is delaying a move from oakland until 2019, citing recent litigation by opponents.
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a group that includes the mother of a ucf children's hopt patient full-timed a lawsuit to stop new construction of the arena. the lawsuit argues the city violated environmental laws. the alameda county coliseum led in closed session this morning. the topic is a new lease for the raiders at the coliseum. owner mark davis said he's still looking for a location to the raiders for the 2016 season. one member said sell outs, better quality concessions and shorter lines will help the raiders build a better revenue stream and become a more viable franchise. >> if they can have complete sellouts of every seat, if they can have better sales of food and beverage from which they get a percentage of the money and the taxpayer gets a portion of the money, then we would have the opportunity where they can have a stronger revenue picture in a way that also benefits the taxpayers. >> oakland mayor is still
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refusing to help pay for a stadium using public funds, giving davis full control of the palace site. >> still ahead at 4:00, new details on that deadly shooting on a b.a.r.t. train. >> plus, concerns that superbowl could be superpainful. >> and playing the market, it's been a rough couple of weeks. but some bay area kids are proving they have the right stuff when it comes to investing. >> this is not the right stuff when it comes to traffic. at 4:11, a live look at the skyway in downtown san francisco. basically, a parking lot in directions.
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is. we are just a little more than three weeks away from the superbowl here in san francisco. the impact is going to be felt a lot sooner, especially if you're going to be driving in the city. >> abc 7 news reporter is live with a look at what it means for local businesses and residents. >> reporter: the superbowl will bring people, money and excitement. in this neck of the woods, it will also bring headaches. the superbowl city will begin construction in just four days. that means, for starters, everything you see here will be gone. >> for the guys delivering those big, new tvs, the superbowl could be superpainful. >> it's going to be real crazy. it's going to be a whole bunch of people to get around and deliver packages. >> adding to the mess, a maze of
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detours when the end of market street becomes superbowl city. streets for two blocks in each direction. >> more traffic. >> cabs won't be allowed in the restricted area. it's for emergency vehicles, only. and that also means no mail trucks. >> we're trying to get access so we become part of that. there's a lot of deliveries that we will not be able to make otherwise. >> the postal service is trying to reach a deal with the city. >> if they can't? >> those individuals would have to come to the post office and pick it up. >> even delivers by bike are effective. in some areas, the city is requiring cyclists to get off their bikes. >> people have to deliver food. they want their food hot. if it's not hot, they're not going to call us back and we're going to lose customers. >> arguably, the worst is here. >> i've got the nose for money. >> when do you have to get out? >> tuesday.
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two days from now. >> this nfl could have partnered with us and we could have traded unique and collectable products. >> but instead of making out like champions, they're being asked to leave here for three weeks with no compensation. >> i might lose my business, frankly. >> in san francisco, jonathan bloom, abc 7 news. >> and we're hearing more about who's taking the stage at superbowl city. >> attractions are gearing up for big crowds during the weeks leading up to superbowl 50. abc 7 news was at great america for highland fair today. looking to brick ng up to 2500 seasonal employees. the pay starts at $11 an hour. that's santa clara's new minimum wage. >> it's been a stressful couple of weeks for those in the stock market.
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there are some young investors who may be more savvy than real life market traders. >> it's really small stuff that can gain a lot or lose a lot. >> for them, it worked. they made $50,000 from their make believe investment of $100,000. all of this in just 12 weeks. that was good enough to win the annual state school stock championship. in fact, they've won so many competitions over the years, there's not enough room on the wall for all of the plaques. they did a lot of shorting, the risky practice of making money when stocks drop in value. >> you sell it to someone else for a higher price and then you buy the item again and give it back to the original person. >> the kids do a lot of research. some stocks they buy are long term keepers like disney, abc
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7's parent company. >> the probability with disney is probably going to go up. >> this teacher started the club decades ago for a good reason. >> i want math to be real for students. >> and, by the way, their advice for real investors like us? big companies that won't lose a lot of money. >> theirs, they say, can turn into bolts. >> based on their results, i think it might be time for me to go back to eighth grade. >> time to turn to our weather.
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>>. >> it's going to change. here's live doppler 7 hd. mostly sunny skies at the moment across most of the bay area. rain is developing to our north. current temperature readings are rather mild, especially in the south bay. 64 degrees at loscados. here's a view of the western sky. we'll see rain tonight and showers tomorrow. stronger storm arrives on sunday and showers will continue into early next week. for the remainder of the day, we'll see rain breaking up into showers.
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our next storm will rank a number two. this noex one will produce one to two inches of rain. let's pick up a animation from 4:00 in the morning sunday. by 1:00 p.m., still mainly in the north bay. it's slowly moving southward. it won't make it down to san francisco until about 6:00 p.m. sunday. so if this thing continues to move as slowly as expected, we'll linger into the morning rush on monday. and on we go. by 10:00 a.m. monday, with this combination of storms coming our way, rainfall can range from nearly an inch in san jose to over 2 1/2 inches at oakland to three inches in napa to over four inches at santa rosa.
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we've got a lot of rain coming our way through the weekend. tonight, upper 40s up in the north bay. tomorrow, showers with highs reaching in the low 60s. here's the accuweather 7 day forecast. number one ranking storm overnight tonight and into tomorrow. a stronger, number two storm, coming in on sunday. could produce heavy rain. another number one ranking storm on tuesday. and then finally, drier, milder weather. there's a lot of rain coming. be prepared for a wet weekend. larry and alma? >> up next, swimming with the sharks. the long lines people tried for their chance to get on the abc hit show "shark tank". >> this is 101 in san jose. it's a sunny day out there. no rain at this hour. but it's backed up southbound. car pool lane is even stacked up
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a little bit. northbound 101 is moving much better.
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dan haggerty has died today at a hospital in burbank. >> additions for the abc 7 show "shark tank" started today. this is an online social network for adults over 50. >> it helps you pick up leaves, cut grass and yard debris.
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>> we've got new revolutionary travel pillow. it's comfy. it's come pact. it fits right into a purse and a lot of people saw them. >> a bay area contestant will be making her pitch to the sharks tonight. you can catch all the action starting at 9:00 right here on abc 7. >> here's your 60 second hot list from "gma today." >> that gop debate was a hot one. donald trump and ted krooiz read at it last night. trump clearly came out on top. that exchange on cruz's citizenship. you could argue that cruz won the exchange. but look what they were debating, whether or not ted cruz is eligible to become president. that's a debate if dronld trump wants to have, it's certainly not a debate that ted cruz wants to have.
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>> they deserve a standing ovation. [ applause ] >> what do you like to do? >> i'd like to be a cheer leader at penn state. >> why penn state? >> because my dad plays for penn state. >> that's right. >> and that's the gma hot list for today. >> you can catch them weekdays 7:00 to 9:00 a.m. right here on abc 7 following the abc 7 morning news. >> we have met with him many weeks now? >> opening up about his meeting with el chappo. his new concern about his life being in danger.
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>> new controversy today over those cameras in b.a.r.t. stations and the victim in last weekend's b.a.r.t. shooting. >> the power ball winner c
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ahead now at 4:30, stocks
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off to the worst two weeks start ever. the dow ended the trading day down 39 0e points. abc 7 news reporter wayne frilledman is looking into how the bay area is affected. why most feel we're positioned to weather this financial storm. also, our first look inside that city sightseeing tour bus that crashed at san francisco's union square in november injuring 20 people. melanie woodrow tweeted this picture. we'll show you more in half an hour. and in developing news, a deadly shooting on a b.a.r.t. train last saturday. today, we learned the victim is carlos romero from antioch. new photos of the suspect were released. b.a.r.t. is defending itself for having fake cameras on some of
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its train sns >> that's right. b.a.r.t. has no plans to get rid of its decoy cameras. b.a.r.t. police is releeszing new photos from last saturday's fatal shooting. but they won't say how and where these pictures were taken and if there was a fake or real camera on the train when the shooting occurred. the latest incident raises a lot of security questions. b.a.r.t. has been making bad decisions for a long time. >> if you're sitting at home today, you can order a security system for your house right now that's off the shelf that will give you realtime viewing of your home protection. how can you have a transit agency, have the sophistication that's supposed to be there here at b.a.r.t. and they say it can't happen in their b.a.r.t. cars.
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>> all cameras should be working and monitoring on a realtime basis. >> what happened last week and everything, you know, if you want to bump up security as much as possible and make sure writers feel safe. >> i think they should do more. >> we spoke to a b.a.r.t. spoke'sman. she says it's both practical and effective. >> it's very much a tactic use and anyone that's in the security industry, there's many tran sit industries that don't have cameras at all. there new york, they don't have cameras on their trains what so ever. so b.a.r.t. has always been aggressive. >> b.a.r.t. was given 2$2.2 million for wireless cameras. in the east bay, janet omt, abc 7 news. >> a frantic search is underway on the north shore of awahoo
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after two military helicopters collided overnight. a seven mile debris field has been spotted 30 miles north of honolulu, hawaii. the missing 12 marines were on a training mission. the coast dward says they did the attack. >> a botched drug trial in france. one man is already declared brain dead. doctors say all of the men were healthy before they volunteered for the trial. >> sean penn says his article on the mexican drug lord failed in its mission. the actor told 60 minute that is his intention in tracking down the drug kingpin was to start a
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confers about u.s. drug policy. instead, all of the attention has been on how he met and found him. >> we had met many weeks with him on october 2nd. in a place nowhere near where he was captured. >> do you believe that the mexican government released there in part because they want ed to see you blamed and to put you at risk? >> yes. >> republicans hit the campaign trail today fresh from last night's gop debate in south carolina. front runner donald trump continued to iowa where he rattled off a list of grievances. >> i'm angry when people pour across the border and they're told let them come in. i'm angry when somebody has a baby and we're supposed to take care of the baby for 85 years because the baby happened to go -- you know, the anchor baby thing. i'm angry about a lot of things.
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>> marco rubio campaigned in new hampshire said he would only nominate. >> there were three winners of that huge power ball jackpot this week. now the search is on for the other two winners. abc 7 news reporter lauren lister has the latest. >> today, claiming their share of the near $1.6 billion power ball jackpot. they got the winning ticket at this neighborhood store in mumford. today, they can be described as multimillionaires. >> i'm a little overwhelmed and excited. we know in ourhearteds, it was the right number. but they didn't actually come out and say, yes, this was the winner. >> because it stems from, you know, it is a little overwhelming. >> in southern california, one
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power ballplayer not as lucky today. employees believe in the jackpot, a nurse there and mother of 7. apparently, it was a prank. her family says instigated by her son, her daughter telling the l.a. times this is one big misunderstanding. >> the owner of the nursing home had dolled out 18,000 power b l ball tickets to residents. >> the third winning jackpot ticket in florida, still a mystery. >> the winners have a year to claim their prize in california, less time in florida.
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>> a sacramento couple has come forward to claim the $638,000 prize. hitting five of the six numbers, they bought the ticket while vacationing in santa cruz. that's a nice vacation. paid for the vacation, that's for sure. >> and more. just ahead, the warriors are heading for a new record. what could happen and when. >> i'm michael finney. ask finney is just ahead. i'm taking your questions on twitter and facebook. i'll annals yoswer your questiot here in just a few minutes. >> we see a beautiful sunset is developing.
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increase speed, full throttle! (over intercom) ann, are you coming in? negative! stay on target.
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what are you guys doing? r2, thrusters! they're closing in! i'll guard the base. for every family that lives star wars, this is the place where star wars lives. where a galaxy far, far away... ...is closer than ever before. move along. come join us...as star wars awakens. and right now you can save on premium rooms at the disneyland resort. on carne asada or carnitas. not agree but four out of five who got their health insurance through covered california got help paying for it. find out if you could be one of them at coveredca.com enroll by january 31st to avoid the irs tax penalty. ♪ now and then we all appreciate a little help. through covered california, health insurance could cost less than you think. and most uninsured californians could get help paying for it. to find free, local, in-person help visit coveredca.com
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. warriors now 37 and 3 over the pistons tomorrow night in detroit would tie for the best record at half point in an nba season. it was also the warrior's 37th straight at home. the all-time record is 44 set by the chicago bulls in the mid '90s. chip's in the house. chip kelly in the team's locker room along with the hash tag welcome coach kelly. owner announced the hire yesterday. he's there with gm trent balky. he was fired after a 26 and 21 record as coach of the philadelphia eagles. chip kelly has yet to address
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the media, but that should come at a news conference middle or late next week. >> time to check our weather as we head into the weekend. >> nice today, but rain is coming this weekend. >> it will continue next week. here's live doppler 7 hd. while we have an issue with dry weather, there's the rain developing to our north and will move into our area later tonight and tomorrow. and that will take us into a period of wet weather that will last into next week. affecting parts of the sierra until e7:00 tomorrow morning. it does not apply to skier resorts, but applies to those back country area skiers. partly sunny and mild down south, high temperatures reaching in the upper 50s to low 60s. look at our rain chances over the next week. a hundred percent on sunday, 60%
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on monday and anywhere from 40 to 60% during the week. i would call that likelihood of a wet week ahead. >> please tell the captain of your yacht not to interyou wanted the weather when honking that horn. >> i don't know what to say about that. [ laughter ] >> still ahead, the new effort to toughen kids up and why one teacher is putting a new word in vocabulary. >> can you mobile phone company in
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there's a different style of teaching going on. abc 7 news reporter lindsay david with the details. >> the movie "kindergarten cop" shows just how easy a room can get out of control. but taking measures to prevent unruly blaif i don't recall by implementing a unique technique
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called no nonsense nurturing. >> it's the way teachers and schools go about the culture. >> cultural collaboration and support. >> now, i say when i say go, i want to walk into the classroom, you're going to sit down in your seat and complete your warm-up and you have five minutes to do that. >> no one will say to you, will you go to work today, please. it's used to create an environment that's structured and consistent for students. so what does this teacher hear
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from students? >> they tip scypically say we l her, but she doesn't play. >> i don't agree with her. point in blank period. >> see how it works first. >> as for the teacher, they say the proof is in the positive results. >> students see it outside of the classroom due to misbehavior, is because they have the opportunity to come ply to your directions because you're specific, you're concrete. >> lindsey davis, abc news, new york. >> data plan within the contract's period. >> it depends on what the contract says. if you read the small print, generally, though, they wouldn't do it if you were in the middle of a contract period. if you signed up for two years and say you're going to pay this
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much a month, very doubtful they would change it. what often happens is people get passed that two-year period and they think there is forever. they're allow today have this deal forever. that's not how it works. they generally have to give you 30 days, they normally give you 60 just to make sure there's no hassle and then they can do what they want. >> my mail was stolen. the police said they arrested someone who had my credit card. now they're trying to open credit in my name. >> you want to get a credit freeze. it's kind of a hassle and it costs a couple of bucks. credit freeze means almost no one can go in and take a look at your credit report. well, no one will issue a loan or a credit card without seeing your credit report. so it really puts all the funnelny business to bed. the problem is you have to call all three of the major credit reporting agencies individually and you have to pay them 10 bucks for the credit freeze. then, when you want it to come off, even if you just want to buy a car or something, you have
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to pay them 10 more bucks to take it off and then 10 more bucks to put it on. so it can get expensive. >> certainly better than having somebody else running around. >> yes, i agree. >> i was evicted from my apartment 32 years. after mediation, i received a settlement of a considerable amount. >> good for you for getting the settlement. i don't know of any law that says this is an income. but this is aly kated area of law. i haven't study thatted. this is so unique. there's very few cities where this even comes up. i want you to talk to a tax professional. but i don't know of any loophole on this. money came in and you probably owe on it. but i would want you to talk to a tax professional.
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the yumplt of pittsburgh school of medicine says they caution it's hard to measure. athletes completing the 26.2 mile race has tripled. women account for much of that increase since the 1970s. one reason they speculate is that people are being down sized to losing jobs since the year 2000 and they gave up on excessive hobbies and took up running instead. while many of us love an ice cold can of coke, we also know soda isn't the best thing for our hemt. health. but a new study may give us another reason to give up soda. it found people who drink soda regularly gained fat around their internal organs.
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how mu much of that fat can be centered around the abdomen. now, lean cuisine. download a piece of software compatible with google's chrome that will mask words like diet and dieting in blogs, articles and social media. consumer research found that women don't want to hear about diets. they found more about eating healthy or getting foods that are gluden free. here's to your health. >> a mile stone in space. the first official face-off, and notice the emphasis on official, by a brit. michael participated more than 20 years ago, but he did it on a u.s. so he wasn't officially a british astronaut, officially.
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>> the police chief is stepping down. we were with him for his final day. what officers say they are looking forward to now. and here's a look at what's coming up on abc 7 news at 5:00. >> thanks very much. b.a.r.t. says it has a plan to combat overcrowded. full steam ahead. a new pre-school figures out how to get schools excited about math and science. >> and, officially welcomed back. those s
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the police chief is stepping down to make way for new leadership. >> today was his last day on the job.
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abc 7 news reporter chris wynn sat down with him. >> after more than three decades of serving the residents of san jose, today was police chief's last day with the department. >> very collaborative with community leaders. i'm going to miss that work ethic and the people that want to make this place better. >> we were at police head quarters downtown this afternoon as the chief said his final good-byes. he's proud of the work he's done despite the challenges that he's faced. >> whether it's disability pension that affected our ability. >> perhaps the toughest moment of all, the shooting death last year of officer michael johnson. >> we had a lot of support.
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>> he has to realize that he has to reach out to the officers and standby them side-by-side, just like we have to do with him, the city and every community member that's out there. >> as for the chief, he's headed to tracy to serve as his next police chief. >> it's going to take some time, but i think getting us through those rough waters is going to just be unforgettable to me. >> always remembering the department that first took a chance on him. in san jose, chris wynn, abc 7 news. >> the chp increased its rank by 70 today. that's the number of new officers sworn in at the academy in west sack ra men foe. they sent out this video on per scope showing the new grab for the ceremony. it's 27 weeks of intense training.
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it will be placing communities across the state to begin their service. and that's going to do it for abc 7 news at 4:00 today. thank you for joining us. i'm alma dates. >> i'm larry biel, abc 7 news at 5:00 begins right now. >> one more reason for investors to buy into this markt. >> for those of us in the bay area. >> late word of a delay for a new warriors arena. >> another way superbowl 50 is about to disrupt your daily commute. right behind me now, new sports for your holiday weekend. >> live from the kgo tv broadcast center, this is abc 7 news.
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>> that sound couldn't come soon enough, stocks plunged even further today making a lot of people very nervous. >> investors are now worried. >> good evening. i'm chris tin zi. >> and i'm dan ashley. this is obviously a very tough day on wall street. i think it's been a rough ten days. here's how the dow has done. apple is considered the poster child of this market crash. shares tumbled nearly 40% today. >> apple is down nearly 30 pntd from last year, a quarter 06 a billion dollars. other companies are seeing big downtur downturns, too. net flix, almost 3%. >> this is not the first january, two years ago, stocks fell 5 pblt. >> but there is some room for opt mitch, nonetheless. live from san francisco to explain why all is not lost. >> the brob with the economic
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adjustment like this is it doesn come without pain. experts told us today we're not fwoik going to see a sharp adjustment like we did in 20089. there's some e some good news buried with the bad. the good news is they may be prepared to weather these economic times than other regions. >> how is that sack of money doing today? >> want to talk about stocks at all? >> no. >> no? >> no. i hate it. >> sorry to here it. but those stocks dropped another 391 points, there are some questions worth asking, like how could a correction impact the bay area economy? >> continuing to add jobs, but it's going to add them at a stolen rate. the reason is we are really getting towards the u.s. and in particular, california. >> jerry nick kolsburg just happened to be attending a coop frens at the bay area council at the federal reserve this morning. he and other pe

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