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Report for wednesday, august 7th. Good evening everyone and welcome. Call it the summer stumble. It doesnt qualify as a swoon or full fledged sale off yet but u. S. Stocks fell dropping like dominos. Japan notably declined 4 as the yen rose against the dollar. Here in the u. S. Investors seemed unsettled by reoccurring fed chatter thinking the u. S. May scale back stimulus in september maybe not. If not, maybe the end of the year. Either way, investors didnt like it. The dow dropped 48 points and the nasdaq to 3654 and the s p 500 closed at 1690 and change. Since 1987, august is the worst mont...

Report for wednesday, august 7th. Good evening everyone and welcome. Call it the summer stumble. It doesnt qualify as a swoon or full fledged sale off yet but u. S. Stocks fell dropping like dominos. Japan notably declined 4 as the yen rose against the dollar. Here in the u. S. Investors seemed unsettled by reoccurring fed chatter thinking the u. S. May scale back stimulus in september maybe not. If not, maybe the end of the year. Either way, investors didnt like it. The dow dropped 48 points and the nasdaq to 3654 and the s p 500 closed at 1690 and change. Since 1987, august is the worst mont...

Roared through. Rescue teams are working to save families on washedout roads. Hardest hit about 350 miles south of the capitol of manilla. It has no electricity or way to communicate communicate this is one of the most powerful storms on record. The highest winds were up to 190 miles an hour. Gusts reached 235 miles per hour. More now from al jazeeras craig leaseon in man ill a. This is the moment when the storm hit taclaban, a city of more than 200,000 people. Monster winds whipped in with gusts from around 300 kill meters an hour. With it came floodwater. People used mattresses to stay above...

Attack. Experts say its not if but when. The cost could be high. Compete and beat. How mom and pop manufacturers once left for dead are making a big come back and competing against foreign rivalers. Our made in america series continues tonight on nightly Business Report for tuesday, august 6th. Good evening everyone. President obama taking aim today at boosting homeownership by proposing an overhaul of the massive Mortgage Market. His targets, longterm political hot potatoes. Diana olick joins us from washington with more on what all this might mean. Reporter suzy, it should come as no surpris...

Products but finding them is a different story. So we hit the mall to see for ourselves in our special series made in america. We have all that and more tonight on nightly Business Report for wednesday, august 7th. Good evening everyone and welcome. Call it the summer stumble. It doesnt qualify as a swoon or full fledged sale off yet but u. S. Stocks fell dropping like dominos. Japan notably declined 4 as the yen rose against the dollar. Here in the u. S. Investors seemed unsettled by reoccurring fed chatter thinking the u. S. May scale back stimulus in september maybe not. If not, maybe the e...