Talk to the county executive steve malone about the plans he has to reopen the beaches out there, and also, youll meet a very creative local Business Owner who has managed to turn his restaurant into a drivein movie theatre of all things so all thats coming up busy hour ahead first though fox Business Team coverage of our top stories here on a friday with blake burman reporting from the white house but we start with lauren watching the markets for us here is to wrap up the week. Lauren . Lauren hey, connell very quiet session, ahead of a long Holiday Weekend stocks actually traded in the narrowest range in three months and in the end i thought the dow was going to go positive but it fell about nine point, s p up 7, nasdac up 39. The sectors that led the weeks rally, energy, material, financial, they led todays retreat and you can see that if you take a look at the laggards on the Dow Jones Industrial average today, chevron, caterpillar, boeing. Investors weighing opposing forces connel
Program. Democrats said it stops right there. They want added items that would no doubt be taken up in the house of representatives. Thereby substantially increasing cost of that. But the real catalyst for a lot of this as far as Financial Moves is no less than the Federal Reserve because 2. 3 trillion has been thrown at everything from the fed, shoring up support for small and mediumsized businesses to buying mortgagebacked bonds. Buying a lot of junk bonds. Just, anything they can get their hot little hands on. The junk bond thing is kind of interesting, folks. You might recall in the financial meltdown, we had these mortgagebacked securities. Remember they would pool mortgages, even iffy ones into a package of securities you could buy, mostly like a stock. When things are turning south, no one wanted to buy them. The Federal Reserve it saying when it comes to junk bonds, we dont think theyre there yet. Just in case well be buying a bunch of them. Indicating the markets the fed is no
beach murders. the remains of 11 people were found between 2010 and 2011 along a highway near that beach. most of the victims were young women. it made national headlines and then the trail to catch the serial killer went cold. police news conference scheduled for later this afternoon. we ll bring you that live. we ve just caught up with former prosecutor and investigation expert nancy grace, host of crime stories on fox nation. you are on the phone. appreciate the time now. want to get your initial reaction to this. thank you for inviting me. the families have fought for justice for so long and the after an early morning raid is 59-year-old rex hoyerman. married, according to neighbors and everyday guy, a quote family man with at least two children. taking the train from long island to his office in the city of new york. it is disturbing because he wore the mask of respectability of being just an everyday guy. anything but. multiple times. it is a lonely stretch of beach
Are investigating whether 26year old Carmelo Pinellas was speeding when he lost control of his car and went airborne, striking two cars in the other direction. Pinellas, his cousin patricia and his 10yearold son, christopher were all killed. Patricias 3yearold daughter was also injured, but is expected to survive. Also killed in the crash, 81yearold edelson. Shelby thorough was just released from the hospital. Khedezia been childhood sweethearts and were set to mary in april. Kristen thorn channel 7 Eyewitness News. The hunt is on for the gunman whose stray bullet in harlem. 61yearold odessa sims was with friends at a playground late saturday night when shots rang out. A gunman targeting someone else opened fire. Two of the bullets hit sims. She was struck in the neck and killed. Now the community is remembering her and calling for action against gun violence. Something is wrong when we have to, in our own community, fear sitting out on a bench, playing cards and checkers and chess on
In shirley sunday morning and lost control of his car, crossed the median and went airborne. The impact killed the driver, his 27yearold sister and his 10yearold son, christopher. Patricias 3yearold daughter was injured but survived. Their car landed on top of 29 yearold Scott Martella and his fiancie. The crash killing martella. According to their wedding web site, they were set to be Suffolk County executive released a statement honoring martella, his Communications Director. The hundreds of people scott has worked with over the years. Governor cuomo said he was up for any challenge, deeply respected for a strong work eitheric, candor and fighting spirit. Long island is a better place overnight, an 81yearold died of his injuries. He was one of four people inside think blue car crushed during the crash. His wife is in Critical Condition. Magdalena doris, cbs 2 news. All three cars have been impounded by the county police to determine what condition they were in before the crash. Its n