No life saving equipment on board. The coast guard believes the group was trying to make that lifesaving float out of a cooler and a life preserver ring. Searchers from California Air National Guard are joining the search and have been searching overnight with no sign of the family with two Young Children on board. Reporting live for abc7 news. It is 4 33. Congress returns from recess today to face a budget showdown that could result in widespread spending cuts if a deal isnt reached. President obama is meeting with the governors today as they push lawmakers to avoid the automatic cuts taking affect on friday. The president spoke to many of them at a white house dinner. The Administration Officials released a report showing how the cuts could affect various states. California could loss 225,000 jobs, 670 million in federal grants, and more than 3 billion in defense and military revenue. Breaking news from the vatican. The pope has accepted the resignation of the senior cardinal of brit
Hello. Welcome to todays Worldwide Exchange. Im ross westgate. Here are your headlines from around the world. Sterling hits a 2 1 2 year low after moodys strits strips britain of its aaa Credit Rating. George osborne, still defiandef. Brittant cannot let up dealing with its debt, dealing with its problems, cannot let up in making sure it brings the to the world. Chinese factory activity in february heads to a new twoyear high. And voting is under way in italy in one of the most unpredictable elections in the nations history. Welcome to todays program. Kelly is not here because she is somewhere else. To be fair, shes in barcelona. Thats where the wireless provider with big hopes for 4g technology in the uk. Well find out why the industry is looking forward to the next big things. Kelly will be talking to everyone from everywhere at 10 40 cet. Yumm brand sess trying to prepare its reputation after a chicken scandal. And delivering a sharp warning will be in seoul for the latest at 10 30
Welcome back, everybody. Lets get back to our guest host for the last word. Jim, you said at the very top of the show, that in your opinion, the fed has accommodated and the net policy will stick around for some time to come. The last word here, i want to mention one thing we havent talked about today, which is that the fed president s all signed a letter on Money Market Mutual Fund reform. I think thats an important statement. And a big risk is still out there, i would like to see that reform get moving. Jim, thank you so much. Glad to have you here. Make sure you join us on monday. Right now time for squawk on the street. Good friday morning. Welcome to squawk on the street. Im melissa lee, with scott wapner and james cramer. Carl quintanilla is on assignment and david faber is in palo alto, california, getting ready for his big interview with meg whitman. It looks like a comeback. Dow looking at 89 right at the open. Look at the picture in europe. This is really being driven by thos
Newsroom with what cherrys father is saying to you tonight. Reporter gasia, ken cherry senior told me his 27yearold son earned his money legitimately, did not have a criminal record and did not have a gun when he was shot and killed in his car early this morning. Reporter the fiery end to this horrible accident. Reporter a Chain Reaction crash on the las vegas strip. A taxi cab that burst into flame killing two all started when ken cherry jr. Was shot behind the wheel of his gray masarotti. My son was ambushed. Reporter we first met with cherry senior shortly after he learned of his sons death. Its like someone has taken a baseball bat and hit you in the back of the head. Its just the worse feeling. And its bad. Its just bad. Reporter Las Vegas Police say an argument in the valet area of the aria hotel continued about 4 20 this morning when witnesses saw someone in a black range rover open fire and speed away. Next thing you know there was a big explosion, like four or five other cars.
Police are looking for 26year old ammar harris. They say he shot and killed aspiring rapper kenneth cherry who was an oakland native. Ever since harris was identified as the prime suspect, tips have been pouring in. Police found his range rover over the weekend. A man who managed to fight off an armed robber helped Palo Alto Police come up with a sketch of that suspect. Heres the drawing of the man wanted for trying to rob the victim at a Downtown Parking garage on friday night. The victim says the armed man rode up on a bike and tried to rob him but the victim fought with him. The robbery was foiled. There have been at least three similar cases in downtown palo alto in recent weeks. In other bay area headlines on this monday morning, there is a Police Search right now for a man who allegedly shot up a building with an ak47. It happened last night on mcallister street. Police say 42yearold Kareem Benton got into an argument with another man and then opened fire. The victim was hit in t