[HEADLINES]

[TALENT=Kimberly]

(----------------)
[VO-NAT]


Coming up on News 7--
The first 15 minutes of trading brings dramatic losses to Wall Street.
We'll have an update on well the Dow is recovering.
(----------------)
[ANCHOR=Kimberly]


And authorities say teenager arrested on assault charges is ALSO a suspect in a shooting incident this week at William Fleming High School.
(/////////////)
[TALENT=Jacey]
[SS=None]


We'll take a mid-week break with a beautiful day today but rain is on the way. We'll find out when... coming up.


[ANCHOR=Kimberly]
[SS=None]


Stay where you are-- News 7 at noon is next.




[Video-Open]


[ANCHOR=Kimberly]
[NEWSCAST=noon]
[WRITER=kmc]
[TAPE#=net]
[GRAPHIC=none]
(------------)
[VO-NAT]


It's another roller-coaster ride for investors--
The NASDAQ's recovering... but the Dow is still struggling.

(------------)


[Stock-Market]


[ANCHOR=Kimberly]
[NEWSCAST=Noon]
[WRITER=kmc]
[TAPE#=net]
[GRAPHIC=Stock Market]

[** NOTE ANCHOR TAG!!]
Good Afternoon, I'm Kimberly McBroom.
The Dow fell below the 10- thousand level for the first time in five months.
It dropped 300 points within the first 15 minutes of trading today.
Alexis Christoforous is in New York with the latest.
(///// SOT /////)
[SOT]
[IN Q=]
[SUPER=03-New York, NY;]
[SUPER=01-Alexis Christoforous/Reporting;]
[RUNS=:58]
[OUT Q=Christoforous, back to you.]

((Information: script:
THANK YOU, WELL AFTER ONE DAY OF RELIEF THE BEARS ARE CLEARLY BACK IN CHARGE ON WALL STREET. IT WAS A DRAMATIC START TO THE TRADING DAY, STOCKS TANKED RIGHT OUT OF THE GATE AND WITHIN THE FIRST 15 MINUTES THE DOW TUMBLED MORE THAN 300 POINTS FALLING BELOW THAT TEN THOUSAND MARK FOR THE FIRST TIME IN FIVE MONTHS. THE NASDAQ ALSO FELL BACK BELOW THE PSYCHOLOGICALLY IMPORTANT 2000 LEVEL. CONCERNS ABOUT THE HEALTH OF THE GLOBAL FINANCIAL MARKETS SPARKED TODAY'S SELLOFFS. THERE'S FEAR THAT THE ECONOMIC SLOWDOWN HERE IN THE U-S WILL HAVE A RIPPLE EFFECT ON ECONOMIES AROUND THE WORLD. THE WALL STREET FIRM GOLDMAN SACHS ACTUALLY CUT PROFIT ESTIMATES FOR A NUMBER OF JAPANESE BANKS TODAY AND THAT COULD SPELL TROUBLE FOR U-S BANKS THAT DO A LOT OF BUSINESS IN ASIA. OVERALL MARKET PSYCHOLOGY IS HURTING AND MORE PROFIT WARNINGS CONTINUE TO ERODE INVESTOR CONFIDENCE.
AT THE NASDAQ MARKET SITE, I'M ALEXIS CHRISTOFOROUS, CBS MARKETWATCH DOT COM, NOW BACK TO YOU.))


(-----------)
[ANCHOR=KIMBERLY]
[GRAPHIC=HOLD]


We'll have the latest Dow Jones and NASDAQ figures coming up later in the newscast.

[Foot-Mouth]


[ANCHOR=Kimberly]
[NEWSCAST=Noon]
[WRITER=kmc]
[TAPE#=net]
[GRAPHIC=none]

[**NOTE ANCHOR TAG]
Consumers shouldn't be hit too hard in the wallet because of the new ban on European cattle and meat imports--
That's according to the U-S Secretary of Agriculture, who says Americans shouldn't see any price hikes.
(------------)
[VO-NAT]
[SUPER=03-Oxfordshire, England;]


The ban is in effect because of the foot-and-mouth disease outbreak in Europe.
American officials are hoping to keep the epidemic from coming to this country.
For the past three weeks, more than 200 cases of foot-and-mouth disease have prompted the destruction of 200-thousand heads of livestock.
The virus poses little danger to people, but it's devastating to farming communities.
(///// SOT /////)
[SOT 3:01:10 ]
[IN Q=It's a bereavement]

((JO JONES/FARMER: IT'S A BEREAVEMENT. I DON'T THINK I'VE EVER FELT AS DESPERATE AS I DID LAST NIGHT WHEN I COULD HEAR THE GUN GOING OFF. ))
[SUPER=01-Jo Jones/Farmer;]
[RUNS=:07]
[OUT Q=gun going off]
(------------)
[VO-NAT]


Foot-and-mouth disease has already cost the farm and food industry in Britain hundreds of MILLIONS of dollars.
(------------)
[ANCHOR=KIMBERLY]
[GRAPHIC=none]


Australia, New Zealand, and South Korea are among the latest countries to ban European meat imports.

[Fleming-Update]


[ANCHOR=Kimberly]
[NEWSCAST=12]
[WRITER=jda]
[TAPE#=net]
[GRAPHIC=none]


Roanoke Police say a teenager taken into custody for assault is also a suspect in an incident earlier this week at William Fleming High School.
(------------)
[VO-NAT]
[SUPER=03-Roanoke/Monday]


Police were called to the campus around five o'clock Monday afternoon, after someone fired a gun in the school's parking lot.
The young man did not point the gun at anyone, and no one was injured.
(------------)
[ANCHOR=Kimberly]
[GRAPHIC=none]


In a news release this morning, police say they arrested a fifteen- year- old boy after he assaulted his 18- year- old sister.
The juvenile is a student at the Noel C. Taylor Academy. Police believe he may be responsible for

Monday's incident as well.[Hairston]


[ANCHOR=Kim]
[NEWSCAST=Noon]
[WRITER=kor]
[TAPE#=00-]
[GRAPHIC=Legal Scales]


The prosecution rests in a Martinsville capital murder trial.
(------------)
[VO-NAT]
[SUPER=03-Martinsville/March 2000]


Michael Hairston faces capital murder and first degree murder charges, for the shooting death of his girlfriend Evonne Hairston and her 16 year old daughter Melveena back in October of 1999.
Today, the defense asked the judge to reduce and dismiss some of the counts against Hairston, but the judge denied those requests.
The defense decided not to present any evidence. So, the case will probably go to the jury this afternoon. We'll have more tonight on News 7 at 5 and 6.
(------------)


[Bassett-layoffs]


[ANCHOR=Kimberly]
[NEWSCAST=noon]
[WRITER=jmi]
[TAPE#=01-09 TC22:13]
[GRAPHIC=Bassett Layoffs]


Bassett furniture announces layoffs.
One hundred employees will soon be looking for new jobs.
(------------)
[VO-NAT]
[SUPER=03-Henry Co./File Tape]


The company is combining its chair and table plants in Henry County.
The 160 remaining employees left after the layoffs will be offered positions at the consolidated facility.
Bassett also predicts a 13 percent drop in sales this quarter, thanks in part to the bankruptcy of major buyer Montgomery Ward.
(------------)



[Budget-County]


[ANCHOR=Kimberly]
[NEWSCAST=Noon]
[WRITER=tha]
[TAPE#=01-13]
[GRAPHIC=none]


Governor Gilmore's stand-off with the State Senate is trickling down to the local level. Roanoke County supervisors heard from school board members who are trying to find money for pay raises, and from cultural agencies facing lay-offs and other cutbacks. Teresa Hamilton has the story.
(///// SOT /////)
[SOT]
[IN Q=The news wasn't good]
[SUPER=03-Roanoke Co./Yesterday; :00]
[SUPER=01-Kay Strickland/Virginia Transportation Museum; :21QUICK!!!!]
[SUPER=01-Beth Poff/Mill Mountain Zoo; :32]
[SUPER=01-Bob Johnson/Hollins Supervisor; :46]
[SUPER=@Teresa2; 1:02]
[RUNS=1:14]
[OUT Q=Hamilton, NEWS 7, Roanoke County.]


((The news wasn't good as the supervisors sat down with members of the school board.
No additional state money for teacher raises...the prospect of a 250- thousand dollar cut.
And it only gets worse. A long line of cultural organizations and social service agencies are also facing an uncertain future.
[SOT]
[IN Q=The museum]

((KAY STRICKLAND/VA. MUSEUM OF TRANSPORTATION: THE MUSEUM FOR ONE FACES A LOSS OF 48- PERCENT OF ITS BUDGET FROM STATE CUTS. BETH POFF/MILL MOUNTAIN ZOO: AGAIN, I DIDN'T WANT TO GO SO MUCH OVER THE REQUEST YOU HAVE IN FRONT OF YOU BUT TO ASK YOU TO GIVE YOUR CONSIDERATION TO IT.. YOU'RE GOING TO HEAR THE SAME CONCERNS AND PROBLEMS.)) [RUNS18]
[OUT Q=]


Earlier in the day, House Majority Leader Morgan Griffith got an earful when he came to brief the supervisors on the General Assembly session...
[SOT]
[IN Q=We've got police officers]

((BOB JOHNSON/HOLLINS SUPERVISOR: WE'VE GOT POLICE OFFICERS, FIREFIGHTERS, LIBRARIANS. YOU CAN GO DOWN TO THE SCIENCE MUSEUM AND SEE THE PEOPLE WHO WERE JUST FIRED, LAID OFF BECAUSE YOU COULDN'T GET YOUR ACT TOGETHER.)) [RUNS:18]
[OUT Q=couldn't get your act together.]


The supervisors are still hoping lawmakers will return to Richmond for a special session... and find the budget compromise that has eluded them so far... but they aren't counting on it.
Teresa Hamilton, News 7 Roanoke Co. ))



[Puff-Daddy]


[ANCHOR=Kimberly]
[NEWSCAST=Noon]
[WRITER=kmc]
[TAPE#=net]
[GRAPHIC=Sean combs]


The end is drawing near in the seven-week-old trial of rapper Sean Puffy Combs.
Combs faces a hefty sentence if convicted of weapons and bribery charges.
Terisa Estacio reports.
(///// SOT /////)
[SOT]
[IN Q=]
[SUPER=03-New York, NY;]
[SUPER=01-Terisa Estacio/Reporting;]
[RUNS=:00]
[OUT Q=Estacio, CBS News, New York.]

(( The jury will start deliberating the fate of Sean Puffy combs today. In yesterdays closing arguments prosecutors tried to hit home the point that a 9mm handgun thrown out of the window of this SUV after a 1999 Manhattan bar room gun battle - belongs to music mogul Sean Puffy Combs. Initially, prosecutors claimed an illegal gun discovered INSIDE the vehicle was Combs but during defense counsel s closing statement, attorney Benjamin Brafman pointed the finger at driver, Wardell Fenderson.

(nats/arrivals of court today)

Multimillionaire Sean Puffy Combs once again looked tense when he entered the New York City courthouse as his gun possession and bribery trial is finally coming to a close.
Although Combs is not charged with injuring anyone...one witness testified she saw Combs pull out a weapon and open fire. Combs protigi and fellow rap artisit Jamall Shyne Barrow along with Combs bodyguard are also standing trial. Barrow is facing attempted murder charges...he's admitted he carried a gun that night.
Prosecutors told the jury to look beyond the Combs star status and convict the rap impresario.

(Brofman/nats)


But the defense attorneys remain confident maintaining all along that this case is all about money, and that some are willing to lie to cash in on Combs fortune. Several victims have already filed suits against Combs totaling more than a billion dollars

(Terisa Estacio/Reporting)

The jury of 5 whites and 7 African-Americans will have their work cut out for them. More than 60 witnesses were called to the stand and 126 pieces of evidence introduced. ))

[Bush]


[ANCHOR=Kimberly]
[NEWSCAST=Noon]
[WRITER=kmc]
[TAPE#=net]
[GRAPHIC=George W. Bush]


After nearly two months in office, President Bush is getting the thumbs-up from most Americans.
A new C-B-S-New York Times poll finds 60-percent of those asked approve of the job Bush is doing.
But when asked about the fairness of his tax-cut plan, only 38 percent of the respondents say it's fair to all Americans.
(------------)
[VO-NAT]
[SUPER=03-Washington, DC;]


That's the issue that has Bush taking to the skies once again.
The President left for New Jersey this morning to campaign for the tax cut.
He says the cut will give the economy what it needs to re-bound from this week's stock market troubles.
(------------)


[L'burg-Budget]


[ANCHOR=Kimberly]
[NEWSCAST=noon]
[WRITER=ssm]
[TAPE#=00-55]
[GRAPHIC=Lynchburg Seal]

Lynchburg city leaders are working on next year's budget.. one that allows for an increase in spending without raising taxes.
(------------)
[VO-NAT]
[SUPER=03-Lynchburg]


City council got its first look at the proposal during a work session yesterday.
The 2002 budget calls for a 35 percent hike in spending on the regional jail, money to give city workers a 3 percent raise and better benefits, and millions of dollars for school construction projects.
(///// SOT /////)
[SOT 11:28:58]
[IN Q=This budget at]

((KIMBALL PAYNE/LYNCHBURG CITY MANAGER: THIS BUDGET AT THIS POINT.. AND I'M SURE FEW BUDGETS DO.. WILL NOT PLEASE EVERYONE. DIFFICULT CHOICES WERE MADE TO PRODUCE A BALANCED DOCUMENT WITHIN THE CONSTRAINTS OF THE EXISTING RESOURCES THAT WE HAVE.))
[SUPER=01-Kimball Payne/Lynchburg City Manager]
[RUNS=14]
[OUT Q=that we have.]
(------------)
[VO-NAT]


Payne says the budget is still a work in progress and cuts could still be made.
A public hearing is set for April 3rd.
(------------)



[County-Supers]


[ANCHOR=Kimberly]
[NEWSCAST=noon]
[WRITER=jda]
[TAPE#=01-05 TC1:06:58]
[GRAPHIC=None]


Roanoke County officials say they want to quickly address residents' concerns involving 20 new fire and rescue employees.
(------------)
[VO-NAT]
[SUPER=03-Roanoke Co.]


The county's newest fire and rescue recruits are part of a regional class that will graduate from training on Friday.
County officials acknowledge that 20 new positions divided among six stations will not solve ALL of the county's staffing problems, but they defend the plan as a "fair and equitable" first step.
(///// SOT /////)
[SOT 36:18]
[IN Q=I understand the frustration]

((I UNDERSTAND THE FRUSTRATION. I CERTAINLY DO. WE DO HAVE TO SEE THE EFFECT OF THE PERSONNEL WE'RE GOING TO DEPLOY. HOPEFULLY WE CAN IDENTIFY THOSE RESOURCES VERY QUICKLY AND IN A MATTER OF MONTHS IMPROVE THE SERVICE ONE AGAIN.))
[SUPER=01-Dan O'Donnell/Asst. County Administrator]
[RUNS=:14]
[OUT Q=improve the service once again.]
(------------)
[VO-NAT]


Some residents are urging the supervisors to move quickly on the second phase of the county's staffing plan. That would bring new paid manpower to stations in Mount Pleasant and Bent Mountain.
(-------------)



[Glass]


[ANCHOR=Kimberly]
[NEWSCAST=noon]
[WRITER=khu]
[TAPE#=01-03]
[GRAPHIC=none]

It could have been a manslaughter case, or even felony murder. But the victim's family didn't want his friend held responsible for last November's death by pipe bomb.
(------------)
[VO-NAT]
[SUPER=03-Fincastle]

Nonetheless, Geoffrey Glass WAS charged and pled "no contest" today to making the device. Actually he and his friend, Mike Henry, did it together. They were experimenting with firecrackers, and an old C-O-two cartridge, making a fuse out of masking tape and black powder.
(------------)
[Anchor=Kim]
[ss=none]


It went off immediately, killing Henry. Glass faces up to 10 years in prison when he's sentenced in June.[AED]


[ANCHOR=Kimberly]
[NEWSCAST=noon]
[WRITER=jsu]
[TAPE#=01-07 TC49:19]
[GRAPHIC=None]


Roanoke County will soon equip its government buildings, fire trucks and ambulances with Automatic External Defibrillators.
(------------)
[VO-NAT]
[SUPER=03-Roanoke Co.]


Roanoke County Fire and EMS will get 20 A-E-D machines.
The machines are used to shock the heart of someone in cardiac arrest.
Officials say they'll save lives -- because they'll be quickly accessible to help someone whose heart has stopped beating.
(///// SOT /////)
[SOT2:47]
[IN Q=So if we can get them in that]

((CAPT. STEPHEN SIMON: SO IF WE CAN GET THEM IN THAT 4 TO 6 MINUTES. WE HAVE A 50 PERCENT CHANCE OF THE PATIENT SURVIVING. SO THAT'S WHY IT IS SO IMPORTANT TO PROVIDE THAT ELECTRIC SHOCK TO SOMEONE))
[SUPER=01-Stephen Simon/Roanoke Co. Fire & EMS]
[RUNS=12]
[OUT Q=that electric shock to someone]
(------------)
[VO-NAT]


Roanoke County will be one of the first communities in the Valley to place the devices in government buildings.
Officials hope to have the A-E-D's in place in April.
(------------)



[Jazz]


[ANCHOR=Kimberly]
[NEWSCAST=noon]
[WRITER=mst]
[TAPE#=01-16]
[GRAPHIC=None]

The smooth sounds of jazz filled one area elementary school last night.
(------------)
[VO-NAT]
[SUPER=03-Roanoke Co.; :00]

Oak Grove elementary in Roanoke County welcomed the William Penn Quartet to the school's monthly P-T-A meeting.
(///// SOT /////)
[NAT SOT]
[IN Q=AUDIO FULL]
[RUNS=:04]
[OUT Q=...MUSIC FADES]
(-------------)

[VO NAT] Penn is a Pulaski native. He's been a fixture in the valley's music scene since 1981.
(///// SOT /////)
[SOT]
[IN Q="If People...]
[SUPER=01-William Penn/"The William Penn Quartet"; :00]
[RUNS=:08]
[OUT Q=...DONE OUR JOB."]
(------------)
[VO-NAT]


Last night during the school's "Evening of the Arts", Penn, his longtime drummer Ronnie Law, along with bass player Leroy Taylor and lead guitar player Richard Kelley also made a strong effort to inspire the students to pick up an instrument and make music a major part of their lives.
(///// SOT /////)
[SOT]
[IN Q="Well, music...]
[RUNS=:09]
[OUT Q=...IT'S FUN (DOUBLE OUT!!!)]
(-------------)



[Washington-Portrait]


[ANCHOR=Kimberly]
[NEWSCAST=Noon]
[WRITER=kmc]
[TAPE#=net]
[GRAPHIC=none]


And finally today--
After a private buyer nearly snatched it up, one of Ameria's most treasured works of art will stay at the Smithsonian.
(------------)
[VO-NAT]
[SUPER=03-Washington, DC;]


The 200- year- old portrait of George Washington was heading to public auction when its British owner Lord Dalmeny recently decided to sell it.
The painting's been on loan since 19-68.
The Smithsonian Institution wanted to buy the portrait for the public, and had an April first deadline to come up with the money.
The Donald W- Reynolds foundation offered a 20- million- dollar grant, ensuring the painting will be on PERMANENT public display.
(///// SOT /////)
[SOT 3:41:01]
[IN Q=We have,]

((LAWRENCE SMALL/SMITHSONIAN INSTITUTE: WE HAVE, AT THE ELEVENTH HOUR, AVERTED
A PUBLIC AUCTION AND GILBERT STUART'S FAMOUS LANDSDOWNE PORTRAIT OF
OUR FIRST PRESIDENT PAINTED IN 1796 WILL REMAIN WITH US AND THE
FATHER OF OUR COUNTRY WILL STAY IN THIS COUNTRY FOREVER.))
[SUPER=01-Lawrence Small/Smithsonian Institution;]
[RUNS=:15]
[OUT Q=this country forever.]
(------------)
[VO-NAT]


The foundation is also donating millions more to house the painting in the renovated National Portrait Gallery. (------------)