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One day after U-S stocks lost 600 BILLION dollars in value a big turn around
on Wall Street.
The Dow, which started the day with a decline of 180 points, suddenly
At noon its UP 88 points.
Meantime, the downward spiral is continuing for many of the global markets.
Hong Kong's market closed with a drop of almost 14-percent and Tokyo's
Nikkei market lost more than four percent.
European markets also suffered big losses.
As the U-S stock market works to recover from its record sell-off President
Clinton is emphasizing the strength of the U-S economy.
Maureen Maher (MA-her)joins us from New York with an update.
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11:30 UPDATE WINDOW BACKUP
SUPER=03-New York, NY;
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The day after recording its worst ever point decline, Wall Street's opening
bell sounded amid optimism that yesterday's scare was just a correction.
(SOT, ASHLEIGH DORMEUIL, INVESTOR)
But then, the roller coaster ride began. Stocks dropped more than 70 points
just in the first hour of trading, and were down over 176 points when suddenly
they recovered. For veteran investors, it promised to be a long day.
(SOT, RAGHU KRISHNANANBA, INVESTOR)
(LOCATOR: CHICAGO, IL)
President Clinton, speaking this morning at a Chicago elementary school, said
the strong economy will help Wall Street get through this tough time.
(SOT, President CLINTON, "With unemployment down, inflation low... economy is
(LOCATOR: HONG KONG)
For now, after a night that saw markets from Hong Kong to London fall, the
world waits to see how Wall Street will weather another day of what is perhaps
the largest global market storm to ever hit the world economy
Maureen Maher, Back to you.))
It was on this day in 19-29 that "Black Tuesday" descended upon Wall Street.
SUPER=03-New York, NY/October 28, 1929;
Prices collapsed amid panic selling and the Dow lost nearly 13 percent of
The Day's losses were estimated in the billions.
Thousands of investors were wiped out and America's Great Depression began.
An expert from the F-B-I lab says the bullets used to kill two of the Hodges
family members match some of the cartridges taken from Earl Bramblett right
after the murders in 19-94.
Double Boxes=Melanie and Keith/Microwave
Keith Humphry is at the Roanoke County court house with ballistic evidence.
( ad lib)
Double Boxes=Melanie and Keith/Microwave
(Q: How certain can they be about the bullet match?)
Pittsylvania County authorities arrested a 29- year- old man in connection
with the shooting death of his wife.
Sheriff's officials say Mark Turner is charged with murder.
He is being held without bond.
Kimberly Turner was shot to death about early this morning at the couple's
An investigation is continuing. Kimberly Turner's body will be taken to the
medical examiner's office in Roanoke.
A convicted killer could get a second chance from Virginia's highest court.
The Virginia Supreme Court agreed to review a Bedford County judge's ruling
in the Jens Soering murder case.
The court will decide whether evidence that could have helped Soering's
defense was withheld by the prosecutor.
Soering was convicted in 19-90 for the murders of his girlfriend's parents.
Closing arguments have concluded in
the trial for a British nanny accused of killing the eight- month- old
boy she was taking care of.
Yesterday on the witness stand 19- year- old Louise Woodward denied ever
dropping the baby.
The judge has given the jurors an all-or-nothing option.
They can consider verdicts only on first or second-degree murder charges --
and not on a lesser charge of manslaughter.
A Community health crisis of nightmarish proportions is unfolding in a small
town near the New York/Pennsylvania border.
One man is being blamed
for potentially spreading H-I-V among dozens of teenaged girls.
Health officials have linked ten cases to 20- year- old Nushawn Williams who
traded sex for drugs.
And that number could rise.
(( DR. ROBERT BERKE, CHAUTAUQUA COUNTY HEALTH COMMISSIONER: "OUR STAFF HAVE
EVALUATED 28 DIRECT CONTACT AND 53 SECONDARY CONTACTS OF THIS INDIVIDUAL AND
CONTINUE TO WORK ON 17 MORE. ))
SUPER=01-Dr. Robert Berke/Chautauqua Co. Health Comm.;
OUT Q=to work on 17 more.
Police say the initial contact between the teens and Williams, who knew he
was infected, began at community parks and schools.
The fifty dollar bill has a new look that some say makes it look more like
SUPER=03-New York, NY;
It features an enlarged off-center portrait of former President Ulysses
It's also loaded with features designed to foil counterfeiters.
And there's a large number `50' in the lower right corner of the
Eighty-five million new fifties will be put into circulation.
Republican Jim Gilmore's tax reform ideas earned him the recognition of the
Coalition of Virginia Taxpayers and Americans for Tax Reform.
He told the Washington crowd, his plan will lower taxes while still
addressing the needs of the taxpayers.
Gilmore says Democrat Don Beyer will raise taxes.
IN Q=MY PLAN IS
((JIM GILMORE/R-GOVERNOR CANDIDATE: MY PLAN IS RESPONSIBLE IT IS CAREFULLY
CRAFTED. IT IS PHASED IN OVER FIVE YEARS. IT MAKES IT VERY CLEAR AS TO WHAT
WE'RE GOING TO DO. DON BEYER HAD NO OBLIGATION TO PUT TOGETHER A PLAN THAT
WOULD WORK AS I DID. WHY? BECAUSE HE ISN'T GOING TO DO IT.))
OUT Q=GOING TO DO IT
The Americans for Tax Reform presented Gilmore with a (Cer-TIFF-I-cate)
Each month the group gives the award to the person it feels does the most
for taxpayer reform.
Gilmore's opponent, Don Beyer has been waiting for his shot at the
And though recent polls indicate Gilmore is leading, Beyer says he has
confidence his campaign remains on course.
Joe Dashiell has the first part of our profile... the personal history of
Democrat Don Beyer.
IN Q=I'm ready to lead
SUPER=03-Richmond/May 10; :00
SUPER=04-November 4, 1985; 1:23
SUPER=04-January 14, 1990; 1:32
OUT Q=JD News 7
(( SOT CONVENTION TAPE 12:45:36
IN Q=I'm ready to lead
((LT. GOV. DON BEYER/D- CANDIDATE FOR GOVERNOR: I'M READY TO LEAD. I'M READY TO
RUN, AND I'M READY TO WIN. I'VE BEEN GETTING READY FOR A LONG, LONG TIME.))
OUT Q=for a long, long time.
Don Beyer has been waiting in the wings for eight years, but his push
toward public service and the political spotlight began much earlier.
(DISSOLVE TO PHOTOGRAPHS)
Beyer was born in June 1950 in Italy where his father, a career Army
officer, was stationed. The oldest of six children he faced physical
challenges... a mal-formed right hand, an eye disorder. Both required surgery,
but he says his problems were also a blessing.
IN Q=Every one of us
((EVERY ONE OF US HAS ADVERSITY IN OUR LIVES AND I HAD A LOT AS A CHILD, BUT IT
WAS GOOD FOR ME. IT MADE ME TOUGH. IT MADE ME UNDERSTAND THAT WE CAN OVERCOME
ANYTHING THAT WE CHOOSE TO.))
OUT Q=anything that we choose to.
Beyer did well in the classroom, winning scholarships to high school and
college. And though he considered a career in medicine, he went to work for
his father, who in 1973 had purchased a struggling Volvo dealership in northern
IN Q=I was his
((I WAS HIS PARTS DRIVER AND HIS BOOKKEEPER AND THEN HIS SALES MANAGER. AND WE
BUILT THAT BUSINESS FROM NOTHING. WHATEVER MONEY THE FAMILY HAS PUT TOGETHER
OVER THE LAST 23 YEARS, WE EARNED IN THE LAST 23 YEARS IN THIS BUSINESS.))
OUT Q=in this business.
The political career began later at age 32. Beyer considered becoming a
republican, but ultimately volunteered for the congressional campaign of an
Arlington Democrat, Ira Lechner. Lechner lost, but Beyer was hooked.
He coordinated the northern Virginia campaign of Jerry Baliles in the 1985
Governor's Race. And after Baliles' election, was appointed to the Commonwealth
NAT SOUND of INAUGURAL 00:24:08
IN Q=I Donald Sternoff Beyer
((I, Donald Sternoff Beyer, do solemnly swear... do solemnly swear... ))
OUT Q=do solemnly swear.
But it was in 1989, that he defied the early odds and defeated Eddy Dalton
to become Lieutenant Governor and a rising star on the Virginia political
IN Q=Now what I've done
((NOW WHAT I'VE DONE THE LAST EIGHT YEARS AND THE NEXT FOUR YEARS AS GOVERNOR
IS TO SERVE, TO TAKE ALL THAT I'VE LEARNED AND ALL THAT I BELIEVE AND MAKE THE
GREATEST DIFFERENCE THAT I CAN IN OTHER PEOPLE'S LIVES.))
OUT Q=other people's lives.
How Don Beyer would make that difference is part two of our profile...
Joe Dashiell News 7))
Black cats become popular commodities this time of year.
But staffers at the S-P-C-A and pet stores like Petland say it's often for
the wrong reasons.
So they limit the sale and adoption of black cats at this time of year.
IN Q=We try
((DON THORNE/ SPCA EXECUTIVE DIRECTOR;WE TRY NOT TO ADOPT OUT BLACK CATS AT
LEAST A WEEK BEFORE HALLOWEEN THIS TO MAINLY ,BECAUSE THERE ARE PEOPLE THAT
TAKE THE TRADITIONAL BLACK CAT ASSOCIATING IT WITH HALLOWEEN AND SOMETIMES
PUTTING IT THROUGH DIFFERENT TRICKS OR TRICK OR TREAT TYPE THINGS THAT MAY BE
HARMFUL TO THE ANIMAL.))
OUT Q=the animal.
IN Q=We would
((SHARON MULLEN/SALES COUNSELOR;WE WOULD FIND THEM AFTER HALLOWEEN THROWN FROM
CARS WITH THERE LITTLE PAWS BURNED, FUR PULLED OUT, BURNS OVER THEIR BODIES.
SUPER=01-Don Thorne/SPCA Executive Director;:00
SUPER=01-Sharon Mullen/Petland Sales Counselor;:21
OUT Q=their bodies.
Both Petland the S-P-C-A will resume selling and adopting black cats after
Halloween is a time for spooks, and that means haunted houses, but some
people want to be scared without being repulsed by blood and gore.
Andrew Freiden found a place in Lexington that provides an alternative.
IN Q=YOU GONNA GET SCARED?
SUPER=01-R. J. Ogren/Raven House Designer; :17
SUPER=@Andrew1; 1:12 SCREEN RIGHT
OUT Q=NEWS 7, LEXINGTON
((YOU GONNA GET SCARED? YEAH-- NO! ))
If you want blood and guts, don't go to the Raven house in Lexington.
But if you want an October outing where you can bring the kids-- this is the
So how do you have a haunted house without chainsaws and severed limbs?
((YOU GO BACK TO THE OLD HALLOWEEN. FLYING GHOSTS, AND SPIDERS DROPPING AND
BATS FLYING AROUND... ))
But the Raven House isn't too tame-- the visitors say the spooks are plenty
((Nat sound? ))
((DAVID JOHNSTON: IT FELT LIKE MY HEART WAS JUMPING OUT OF MY MOUTH. ))
R J Ogren is the might behind the fright.
He used to work on the displays at Disney-- that's where he got the
inspiration for this RATED G Haunted house.
((RJ OGREN/RAVEN HOUSE DESIGNER: WE WORKED FOR DISNEY, FOR MANY MANY YEARS, WE
FOUND LEXINGTON, AND DECIDED IT WAS A GREAT PLACE TO SET UP A STUDIO))
The Raven House is in its first year of operation. and it's right next to
the Lexington Wal-Mart.
And Ogren says it's tough to get the word out.
((RJ OGREN: IT'S GETTING OUT, AND WE'RE GETTING BUSIER EACH WEEK. ESPECIALLY
THE WEEKENDS, WE'RE GETTING VERY BUSY. ))
((REPORTER: RJ OGREN ADMITS IT'S KIND OF DEAD DURING THE WEEK, IT'S KIND OF
LIKE A GHOST TOWN, SO NEXT YEAR, HE'LL ONLY BE OPEN THURSDAYS THROUGH SUNDAY.
ANDREW FREIDEN, NEWS7 LEXINGTON. ))
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Some workers at a New River Valley natural gas distributor face the choice
of taking an incentive package or staying with the company through July.
A recent merger between United Cities Gas Company and Atmos (AT-muss) Energy
Corporation spelled cut backs.
United Cities has offices in Blacksburg, Radford and Pulaski.
A company spokeswoman declined to say how many workers will be affected.
United Cities also serves customers in seven other states.
TAPE#net (edit of 04:34:14)
The Miami Dolphins went head to head with the Chicago Bears on the gridiron.
Miami led the game 33-to-18 with seven-and-a-half minutes to play.
In the final minute, Erik Kramer missed a wide-open chris penn.
On the very next play, Kramer tried found Penn making it 33-31.
In overtime action, Jeff Jaeger hit a 35 yard field goal.
Chicago won it 36-to-33.
TAPE#net (edit of 04:31:56)
It was a Superbowl re-match as Green Bay went up against New England.
SUPER=03-Foxboro, MA/NFL-ABC Sports;
New England's Drew Bledsoe threw 50 yards to Terry Glenn, setting up a
touchdown to tie the game at seven in the first.
Later, in the third Packers went 99 yards with Favre hitting Robert Brooks
for a 21-10 lead.
Green Bay took it 28-to-10.
The latest Associated Press Top 10 high school football polls are out.
And again, Friday Football Extra's number one team continues to carry the
banner solo in the Triple-a ranks.
Mike Stevens has the rundown.
IN Q=FIRST AUDIO
OUT Q=MS, N7 sports."
(( William Fleming beat a very good Cave Spring team in the rain last FRiday to
remain, but despite their perfection - Fleming drops from second to third this
week. Thomas Dale is now second with Hampton first.
The Graham G-Men knocked Carroll County from the ranks of the unbeaten last
Friday and as a result the Cavs drop to 9th and Glynn Carlock's team vaults up
The Seminole district's tough trio of Heritage, Jefferson Forest and
Brookville hang tough in the Group Two-A ranks.
Radford, which beat Glenvar last week and has yet to give up a point to a
district opponent this season moves up one notch to seventh, while Rural
Retreat another 7-and-1 team is 8th.
TAPE#net (edit of ST5-30)
It took a whole extra day, but NASCAR finally got to run the AC Delco 500
yesterday at Rockingham.
SUPER=03-Rockingham, NC/TNN; :00
Dale Jarrett was at the front with 40 laps to go in the race and seemingly on
his way to his first win at The Rock.
But Greg Sacks brought out the caution flag with less than 30 laps to go.
Bobby Hamilton and Ricky Craven to get in position to get by Jarrett.
Hamilton would eventually get by everyone and stretch out his lead over the
final 15 laps. Bobby gets his second career win in the King's car with Jarrett
second and Craven third.
And finally today,
They're celebrating in Miami.
The Florida Marlins were honored with a tickertape parade in Miami today
before embarking on a boat parade at Fort Lauderdale.
The young team secured the World Series victory this weekend.