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Good afternoon, welcome to ktvu news. Happening now, we are following two major developing stories. First were still waiting for word on two possible transit strikes, workers for both bart and ac transit have threaten to walk off the job if deals are not reached. In washington, d. C. It appears congress is close to a deal ending the 16day Government Shutdown. The senate is getting ready to vote on a deal and the house is expected to vote next. We see senator ted cruz of texas. Hes blasting obamacare. He called it a terrible deal. The compromise would fund the federal government through februar...

Anniversary of hurricanesandy, helping homeowners keep heads above water. That and more tonight on nightly Business Report for tuesday, october 29th. Good evening everybody and c welcome. On this day in 1929 the stock market crashed and 20 points meant 12 . Today, 84 years later the dow closed at a record high and the s and a 500 and the mid cap 400. Call it green tuesday, if youd like and some Economic Indicators market pros watch are flashing yellow, maybe even red. More on that in a moment. Here for the record are the numbers on wall street today. A day of historical irony as the policy mak...

Of the majority, before we do something that cannot easily be undone and we have now done it before we discard the uniqueness of this great institution, let us use the current rules and precedents of the senate to end the abuse of the filibuster. Surely we owe that much to this great and unique institution. There was a conversation, which was a formal conversation, between the majority and the Republican Leaders just last january, and heres what the majority leader said. In addition to the standing order, which is what we had adopted, i will enforce existing rules to make the senate operate mo...

Hear the emotional song sung for president george h. W. Bush by country superstars while his family held vigil at his hospital bed. Ah, the oak ridge boys, one of the former president s favorite bands getting a serenade getting together for the president who was in the hospital singing Amazing Grace and their big hit, elvira, through the phone. Great news. Their serenade seemed to bring some good luck. The former president is getting better, and well have the latest on his condition. Elvira was one of my favorite songs growing up. We share our taste in music, the president and i. I was surpris...

The Brookings Institution also talking about social mobility. He is the Budget Committee chair. We will have him live on cspan 3 at 4 00 eastern. I see itrial case, as come is one of the bigger court cases that could potentially affect the communication sector, and the biggest thing that will change our space is the aerial case. Potentially the Supreme Court take this up and find out one way or the other whether Aerial Services legal under copyright law. With the sec does this year will be determined by a brand new and very dynamic chairman in tom wheeler who used to head the Wireless Associat...