tv Early Today NBC August 5, 2011 4:00am-4:30am EDT
this morning on "early today" fear factor. a massive shock on wall street sends shock waves through markets across the globe. cabin pressure. good news for thousands of furloughed faa employees after lawmakers reach a deal. and liquid assets. nasa scientists find signs of flowing water on mars. captions paid for by nbc-universal television hello, and very good morning to you. i'm veronica de la cruz. today we begin with the perfect storm. it hit wall street hard thursday as a variety of factors caused
stocks to suffer their worst day since the financial crisis of 2008. what started as a sell-off in european markets quickly rolled over wall street with the dow losing over 500 points, and the nasdaq dropping 5% of its overall worth in just one day. with recent data showing scant economic growth, corporate america sitting on record amounts of cash, but refusing to invest, and consumers holding on to what little cash they have, investors are becoming increasingly convinced the united states is entering a new recession, the dreaded double dip. perhaps most alarmingly, those are treating stocks as the traditional safe haven, gold, silver, oil, and bonds, and the public prices on all those markets as well. we'll have more on wall street coming up in business. well, the federal aviation administration is on its way back to being in business. congress has reached a compromise, and the partial shutdown of the agency. tracie potts joins us from washington with the latest. >> reporter: it essentially came
down to that none of these lawmakers wanted to go home over the break and explain to their constituents why they left washington and left 74,000 workers not getting paid for a month, so after president obama urged them to deal with this, democrats and republicans came up with a compromise. essentially, they'll come back for an extremely short session, just the leader today, to get this done and provide for temporary funding for the faa through september 15th until after they get back. now, the issue about those subsidies for rural airports being cut, that won't be dealt with until later. this measure will cut them, but it also gives the obama administration the authority to override that. republicans wanted to see those subsidies cut. democrats were concerned about issues that would not allow airport employees to unionize. bottom line, they'll have to deal with that again in september. these workers may be back on the job as soon as monday if president obama signs this deal over the weekend.
veronica. >> tracie potts in washington. tracie, thank you. according to a new poll from the "new york times" and cbs news the recent battle over the debt ceiling has sent this aapproval of congress to its highest level on record. 282% of americans disapprove of the way congress is handling its job. the most since "the times" first began asking the question in 1977. the poll also found that congressional republicans shouldered more of the blame for the problem in reaching a debt agreement. 18% disapprove of the way they handled the negotiations. a majority said the gop compromised too late. the public was more evenly divided. 47% disapprove. the tea party is now viewed unfavorably by 40% of the public. that is up from 29% in april. 43% think the tea party has too
much influence on the republican party. that's up from 27% since the spring. and now here's a look at some other stories making news early today in america. two window washers in san francisco are lucky to be alive this morning after their scaffolding collapsed yesterday, leaving them dangling from a 17-story high-rise apartment building. fortunately, both men were wearing safety harnesses. firefighters pulled one of the men to the roof. the second was rescued through a window. in new hampshire a woman was involved in a grocery store bust got an unexpected surprise. he saw his pictures from surveillance cameras in the newspaper and showed up on the victim's doorstep. he returned the amount of cash that was stolen. plus, an extra $10 and a note of apology signed. in hawaii bright ribbons of lava flowed out of the volcano on the big island on wednesday. some nearby roads were closed.
the lauf lava is reportedly not a danger to residents. meanwhile, mother nature has been wreaking havoc across parts of idaho. destructive bolts of lightning have sparked more than 30 fires across the southern part of that state. and, finally, if you are too hot, you might wish that you had the problem some folks in the mountains of washington state have. too much snow, believe it or not. some highways at upper elevations are reportedly still buried under 30 feet of accumulation. huh. now for a look at your national and regional weather, here's nbc meteorologist bill karins with the weather channel forecast. correct me if i'm wrong, is it not august? >> we're going to have a hard time convincing people the ice age is coming after this summer. >> how is that happening? bizarre. >> very high elevations and been a very cool spring and summer in the west. not everywhere else, though. i mean, it is hot as can be still. yesterday, of course, we were talking about emily. we talked about it all week. thankfully the mountains of
haiti and the dominican republic tore it apart yesterday. still a chance it could regenerate, but that's looking pretty slim. it's very disorganized at this time. we're no longer even track it. you're going to be in the bahamas over the weekend, you are going to have wet weather from that moisture. the heat, huge story this week. huge story all summer. we did it again yesterday in dallas. 108. oklahoma city, 108. savannah, georgia, hit 100 yesterday. northern half of the country was in the 80s, though. the heat has been confined to texas, oklahoma, louisiana. that's where it will be the worst. the overnight lows are not dropping. we're at 91 at this hour in dallas. that's why we have the excessive heat warnings there for north texas all the way through oklahoma, extreme southern kansas, and even louisiana and areas of mississippi. you actually are going to be in the 90s. your humidity is so high that the heat index is going to get dangerous. that's why you have the excessive heat warnings. raleigh through the mid-atlantic and in through new england.
nice through chicago and minneapolis. afternoon thunderstorms down here in the southeast. also, we have thunderstorms this morning rolling through nebraska. that's a look at your national forecast. now here's the weather outside your window. there will be a chance of afternoon storms in many spots. if you get those storms in memphis, you'll be happy. high today near 100 degrees. look at oklahoma city. you in phoenix will be neck and neck, and tures in the country. weekend forecast coming up. >> people just heading to the mountains of washington, anybody who is hot, right? >> that easy, yeah. stocks plunge. banks are inundated with cash. what to expect later today. your early morning business headlines are straight ahead. plus, will movie audiences go for yet another take on apes taking over the world? tiger returns. no glove needed for the catch of the night. you're watching "early today."
good morning. welcome back to "early today." i'm veronica de la cruz. here are some of your top headlines this morning. syrian forces continue the brutal crackdown on the city of hama for the fifth straight day, reportedly killing dozens of civilians. secretary of state hillary clinton thursday accused syria of killing more than 2,000 of its citizens in the past five months. a texas jury has convicted polygamous sect leader of jeffs of assaulting two child brides. he faces up to life in prison. a new government study finds casual and occasional smoking among u.s. high school students is on the rise. researchers found the number rose from 67% in 1991 to 79% in 2009. a long overdue military funeral at arlington national cemetery where the remains of 12 world war ii u.s. airmen were
laid to rest 68 years after their b-24 bomber crash-landed in the pacific. the remains were located in 2003 in new guinea. and nasa scientists say that they have found evidence of flowing water on mars which could point to signs of life on the red planet. evidence taken by the mars reconnaissance orbiter shows dark finger-like features that appear to extend down the slope of a crater. huh. now here's an early look at how wall street will limp into the day. the dow opened at 11,383 after sinking 512 points yesterday. the s&p fell a whopping 60 points. the nasdaq plunged 136. taking a look at overseas trading this morning in tokyo, the nikkei skids 359 points. the hang seng tumbled 938. as we reported earlier, fears of a new recession.
thursday the dow jones fell more than 500 points. its ninth steepest decline ever. it's actually been brewing for days. over the last 13 days the dow lost more than 1,300 points, roughly 10.5%, an estimated $2 trillion until market value disappearing over two weeks. yesterday's problems were triggered in europe. it was triggered by a massive selloff there over concerns over the troubled economies of italy and spain. the jitters had asian markets this morning, as that wave hit here yesterday. all ten industry groups on the broader s&p 500 fell. bank of america, citigroup, and hewlett-packard were among the stocks hitting new 52-week lows, despite boasting stellar earnings, both kraft and gm fell. a retreat from stocks, gold hit a record high, but then tumbled. oil fell even more than stocks. 6% or more than $5 a barrel. and agitated investors were so
ready to get into bonds, they were willing to accept almost no return just to get their money into a safe spot. how quickly were stocked being dumped? well, large investors like mention funds and investment houses, it would start charging to hold their cash because they were depositing so much after selling off shares, and as if things weren't tough enough, today the government releases july's all-important payroll report. many expect a slight rise in unemployment. well, real cool fans don't need a glove to snag a foul ball. tiger woods is back on the golf course, but did he bring his game with him? your early morning sports headlines are straight ahead. your weekend forecast is going to feature more afternoon thunderstorms and the heat wave that is relentless. your forecast is coming up. you're watching "early today." [ child's voice ] ooh, that looks good.
[ child's voice ] can i have some? [ child's voice ] you guys should rock, paper, scissors for it. ok. [ chuckles ] best of three? sure. one-two-three-shoot. one-two-three-shoot. [ scoffs ] one-two-three-shoot. one-two-three-shoot. one-two-three-shoot. one-two-three-shoot. i win! oh, man. [ muffled ] congratulations. [ male announcer ] get your own bbq pulled pork sub at subway®. tender, slow-cooked pork with irresistibly bold barbecue sauce. subway. eat fresh®. very good morning to you. if you are just waking up, this is "early today." in sports will he ever be as good as he was? that's the question everyone is asking about golfer tiger woods, and yesterday he began the process of answering it. here's nbc's mario solis with an early look at all your sports
headlines. hi there. good morning, tiger woods returned to golf yesterday, and even though one round doesn't make a comeback, he has to be pretty happy with his performance. bridgestone invitational takes him a little time, but tiger gets going, drains the long birdie on 16. that's vintage woods. he would finish with two under 68. you may recall a kwchl weeks ago tiger fired his long-time caddie steve williams. well, now williams has paired up with adam scott, and scott is playing like the tiger of old. he is your leader after the first round at eight under. perhaps williams is a good luck charm. the san francisco 49ers have signed wide receiver braylon edwards to a one-year contract. he caught seven touchdowns with the jets last season. baseball, the cardinals molina has been suspended five games for a tantrum on tuesday night. he argued about the strike. he needed some goggles and a shower cap while listening to molina. the game, a seesaw battle
between rays and blue jays. toronto takes the lead in the tenth, and tampa ties it in the bottom of the eighth with a jennings homer. they exchange a pair of runs in the 11th. then in the 12th the rays finally end it. one squeezed through the hole. in comes the winning run. rays walk off with a 7-6 win. move over red sox. you got some company atop the al east. the yankees beat chicago 7-2 setting up a weekend series in boston with first place on the line. finally, we've seen people bring their gloves to the park in hopes of catching a ball. for this fan no glove is needed. he reaches over the ledge and makes a one-handed grab. worth another look, and there's no doubt about it. with a drink in his hand, he makes the catch of the night. that's your look at sports on "early today." i'm mario solis. >> early today sports is brought to you by just for men hair color. live forward. how will they cross the finish line this weekend at the box office?
texas. thunderstorms will be widespread late this afternoon in the southeast. there's also a good chunk of rain going to nebraska early this morning. now, your weekend, saturday, the highlight is in the afternoon storms. we're still hot in the areas like dallas, oklahoma city. afternoon storms pop up in new york to philly to baltimore. also washington d.c., including the southeast. we're pretty dry in the rockies and warm. denver, by the time you get to sunday, could be 94. new england will be the spot that's cloudy and damp come sunday afternoon. well, if you are watching us on whdh boston, massachusetts, the glass flowers, see a collection of delicate models created by 19th century artisans. that's your early event of the day. >> that's a good one. >> original. here's a look at this morning's headlines in entertainment. this weekend at the box office audiences are ready to go ape. "rise of the planet of the apes" starring james franco kicked off
in 1958. this one has received very good reviews, and experts see it taking first place with around $40 million. i think bill is going to go see that this weekend. last weekend's bridesmaids, the smurfs are expected to make a more triumphant showing. only a moderate audience drop from its opening weekend. the experts think it should take in around $20 million. this weekend's big question mark is the debut "the change-up." jason bateman and ryan reynolds star in the body switch plot, but then again, this is the year of the r-rated comedy. it could finish near dollar 20 million and challenge "the smurfs" or disappoint. is it going to be the planet of the apes for you? >> i can't believe the reviews. one after another. it looks like one of those movies you go, like, oh, it's going to be sad.
no. >> who knew, right? >> this comes to us from washington d.c. where the guests at one birth day party for the president may have been -- the famed wax museum got in on the president's birthday fun yesterday. the fake 50th bash was held inside a mock oval office fully decked out with streamers, balloons and, of course, gifts. on hand to celebrate with the commander in chief former president bill clinton, secretary of state hillary clinton, first lady michelle obama, even oprah. just don't light the candles on the cake, right, bill? >> yeah. 50 was a big number, huh? >> something about those wax figurines that always is a little bit -- >> creepy? >> yeah. that was the word i was looking for. thanks. i'm veronica de la cruz. this is your first stop of the day today on your nbc station. ♪
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it's 4:28 now. 71 degrees. a much cooler morning this morning. forecast is coming up momentarily. good morning to you. i'm eun yang. >> and i'm aaron gilchrist in for joe krebs. welcome to "news 4 today" on this friday, august 5th. asian stock markets tumbled big time on fears the u.s. may be heading back into recession. also the drop, euro's worsening debt crisis. nikkei slid 6.7% today, and nearly 4.5%. right now.
ftse is down 1.75%. that selloff follows the biggest one day points decline on wall street since the start of the financial crisis. yesterday the dow jones will open at 11,384. the nasdaq will open 2,556. and the s&p 500 sank 60 points to 1200. after the decline in the markets, many people asked where do we go from there? we spoke to a financial adviser who said markets can turn around, and there's no need to panic. >> we typically don't see a 10% drop in a week, and that's going to cause people to be scared. it's okay to be scared. but it's not okay to make decisions that are rash. you can't make decisions on the fly. they have to be thoughtful decisions, and you have to wait for the dust to settle. >> many americans are cutting back on personal spending like groceries.