60,000 and that exceeds the National Median income. Its the majority black district. Its the second wealthiest black majority district in the country nd second most educated. So a lot of other factorsin this debate as it continues. Dash ward, news had. As the battle over balti aunchedmorehe president l another feud today, this time with the reverend al sharpton. In series of tweets the president called sharp theon, quote, a con man and troublemaker going on to say that sharp theon, quote, hates whites and costs. Speaking just hours later, sharpton fired back calling t this is race baiting at its best and its donald trump plight race card and is a shame and a sham. Sharpton called president trumps tweets aimed at elijah ummings and baltimore absolutely horrible. Well have complete coverage. Just such baltimore. The head of the naacp just ne resig kofi annan reported on facebook saying while, quote, many are provide equity, i no longer believe that the overall organizationalstructure of
About 5 from their all time highs. Where is it safe to hide in this stock market we have details as power lunch starts right now and here is where we stand right now. The dow was down nearly 600 points at the lows of the day right off the open, weve come a long way back. Now down just about a hundred points with the nasdaq actually in the green, ever, ever, ever so slightly. The two big laggards are energy and financials well explain why, both down about 2 oil sinking to 50 a barrel. Well have more on that later. That would explain why Energy Stocks are down 1 3 4 . The focus is yields banks around the world are cutting rates. This is sending u. S. Investors into a selling frenzy. U. S. Stocks have bounced back, fears remain about what it means for the market we have full Team Coverage to lay it out Steve Liesman is here to talk about the rate cuts, and lets start with you hello, everybody. The important thing is were moving lock step with tenyear yields lets just take a look as yields
Reporter just within the last half hour weve learned that this fire him of the building behind me began on the first floor on the front, this is the latest construction fire and the Building Owner is convinced that this fire was intentionally set. Its happened yet again, flames engulf an unfinished building in oakland, the latest fire broke out at the threestory complex on stanford avenue near the city line at about 10 thursday night. All the sudden we saw that there was thick flames and, a lot of heat and we got the baby and got out on the street as quickly as we could. Reporter Building Owner tony wilson says the old printing shop was being converted to nine live working units. Investigators may be setting their sights on at least one person of interest. The construction crew was here last night picking up tools out of the building to go do a job. When this started. And one of them talked to a stranger who had come up to him and asked for a cigarette. Reporter wilson believes this wa
Heard someone breaking into the home around 9 30 this morning and called police who quickly responded. Sky 7 flew overhead as investigators searched for evidence. We do a pretty good job of remaining vigilant. Were all active on next door and whats app. Neighbors identified the victim as a beloved grand foreknown by most of the people on the street. Is he believed to have been home alone at the time of the invasion. The manner in which he died remains unclear. Vincent sanchez family friend never thought something liking this could happen here. It was a completely sebsless act and its hard to believe that this happened in this community. Reporter and just moments ago, neighbors were allowed back into their homes. But at this point, a suspect has not been identified or apprehended. Live in san jose, chris nguyen, abc7 news. Thanks very much. Happening now in oakland, a vigil about to get under way to protest the pending i. C. E. Raids. This issue seems to have only two sides. It starts o
Over the past week to two weeks, and, boy, do we need it. This is whats happening right nowhe you can see rain just down to our south. This is the last 12 hours. A lot of shower activity and not a lot of real heavy rain. We did not see a lot of rain from the system last night. A lot of rain in the southern zones, and even up to the north cant rule out a couple of showers coming down from the north. All down to the south. Were talking about areas south of washington. , lvert county, northern ne fairly heavy rain at that, while the rest of us for the most part are remaining on the dry side. Heres the big thing. We hit a High Temperature teye rds ay76 in d. C. Look at the pawtuxet river, 69 degrees and 71 in fredericksburg and 78 back towards martinsburg. Big time cooler weather moving on in here. Thats some welcome relief after 12traight days at 90plus. Leon . Didnt want to hit that twoweek mark with the heat wave, so now that the change has come here, whats behind it . What exactly happ