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cnn s pete muntean and cnn aerospace analyst myles o brien joins me now. pete, let s start here. what is the latest on what is happened with the suspect and do we know anything new about what they were doing up there. reporter: sessentially the pilot lives to tell the tale, but likely in a courtroom. from two different government sources that the plane that was stolen earlier this morning, around 5:00 a.m., from the tupelo regional airport, according to the tupelo, police, crashed near ashland, mississippi. it flew around the area for about five hours. police in tupelo say they initially got a phone call at 5:00 a.m. central time from the person on board this airplane saying that they were threatening to crash the plane into one of the walmarts in tupelo, mississippi. according to flight aware, the plane flew around for about five hours, north west of the area and then over the holly springs national forest. we heard from sources that a king air like this, a beechcraf ....
gravestown, mississippi. around 10:00 a.m. local time. int not all that far from where it took off around 5:00 a.m. this morning. you could see a beechcraft, a twin engine commuter, seats about six or eight people and we know from authorities in tupelo that this plane was stolen by what appears to be an airport employee. police received a call around 5:00 a.m. central daylight time where the pilot of that plane, actually we don t know if it is way pilot. but the person flying that airplane called 911 and said they were going to steal the airplane and crash it into one of the local walmarts in tupelo. the plane circled for about five hours above the area. not only above that walmart, but also above nearby neighborhoods and also over a nearby national forest. what is going to be the big question here is what ultimately brought the plane down. i spoke to folks who have flown this type of airline and they say it holds between four to six hours of fuel when it is loaded so t ....
And london, this is bbc world news. Its newsday. Good morning. Its 9am in singapore, 1am in london and 9am in tokyo, where japans nikkei index has sunk more than 4 in early trading. The malaise has spread to asian markets after share prices plummeted in the United States the dowjones index finished nearly 5 down, dropping by more than 1100 points. Its the biggest one day fall since the financial crisis a decade ago. You can see the asian markets here. The hang seng will start trading in about 30 minutes time. This fall in the asian stock market is the steepest in over one year due to fears of a surging us economy leading to sharp Interest Rate hikes by the Federal Reserve sparking speculation that banks may be forced to tighten policy aggressively. Shifting our attention now to the dowjones industrial average, shifting ou ....
Could amount to a major invasion of privacy. There could be a new feature coming to the webster tube that connects oakland with alameda. License plate readers. Theis is about pushing the needle back and trying to reduce a recent spike in property crimes. Reporter crime has gone up 12 this past year. Twothirds of that driven by burglaries, car breakins and robberies. Now he wants his city to spend 500,000 for fixed license place readers on tunnels that lead on and off the island. Its not just for crimes committed in alameda. It could be a stolen vehicle stolen in another city somewhere and then that car comes into alameda or that license plate comes into alameda, we will be alerted. Reporter he points to other cities like piedmont which claims a 34 reduction in property crime since license plate readers were installed in 2014. Alameda already has readers on four patrol cars. We are seeing glass broken on the streets every day. We should all get behind this and support it for the sake of ....
Closing down 4. 6 by nearly 1,200 points. It is the worst drop in points since september 2008, when a plan to rescue the us Banking Industry after the financial crisis was rejected and the worst single day point decline in history. With me is karishma wasvani, our business correspondent. In two trading days the fall of the dow has been more than 1800 points. What is because of this mayhem as i was talking to some traders before we we re was talking to some traders before we were meant to have this discussion on air. A lot of them we re discussion on air. A lot of them were saying to me this morning that really this is a natural reaction to what many people have called an overheated stock market in the us. It seems counterintuitive, doesnt it . The fact that the us economy is doing quite well, job growth has been relatively strong, we are hearing about this from the Donald Trumps ....