GOOD EVENING AND THANKS FOR JOINING US..
I'M FRANK MALLOY....THIS IS EYEWITNESS NEWS AT 11..
LEAH JOHNSON IS ON MATERNITY LEAVE..
THE FIRST EVER DOWNGRADE TO THE U-S CREDIT RATING TOPPED OFF A VOLATILE DAY ON WALL STREET TODAY.
THAT ENDED THE FINANCIAL SECTOR'S WORST WEEK IN MORE THAN TWO YEARS.
ALEXIS CHRISTOFOROUS IS ON WALL STREET WITH MORE.
Late Friday, S-and-P made good on a warning - and downgraded the US credit rating from "triple-A" to "double-A-Plus."
It's a dramatic reversal of fortune for the world's largest economy.... expressing a no-confidence vote in this week's debt deal in Washington. And it could mean higher interest rates on everything from mortgages to credit cards.
The dowgrade means U.S. treasuries - once seen as the safest investment in the world - are now rated lower than bonds issued by countries such as the U.K., Germany, or France.
((nats closing bell))
The news came after a wild ride on Wall Street. The Dow finished only slightly up at 61 points .
Investors were buoyed by a better-than-expected July jobs report.
((SOT)) Diane Swong/Chief Economist, Mesirow Financial (:45-:50)
"But , you know, 117,000 jobs is nothing to pop champagne corks over."
((STANDUP BRIDGE)) Alexis Christoforous, CBS News, Wall Street (:50-:59)
For every stock that gained on the New York Stock Exchange, three stocks fell. Investors are also feeling the threat of weak European markets.
Leaders in Europe have called emergency meetings to come with a plan to prevent troubled Italy and Spain from requiring massive bailouts.
President Obama expressed optimism to the U.S and the world Friday.
((SOT)) President Obama
"We are going to get through this. Things WILL get better. "
But traders aren't exactly sure how that's going to happen.
((SOT)) Art Cashin/Trader (1:19-1:24)
"The will in Washington to spend does not appear to be there so we are going to have to find some kind of magic bullet. "
They're looking for help from Federal Reserve Chairman Ben Bernanke, when the Fed meets on Tuesday.
Another credit downgrade is possible within a year to 18 months.
AND TODAY'S 13 WMAZ DOT COM WEB POLL ASKS... DO YOU INVEST IN STOCKS AND BONDS?
RIGHT NOW ... 49 PERCENT OF YOU SAY YES YOU DO.... AND 51 PERCENT SAY NO.... YOU DON'T.
YOU HAVE UNTIL MIDNIGHT TO VOTE... THE QUESTION IS ON THE RIGHT SIDE OF THE HOMEPAGE AT 13WMAZ DOT COM.
THE NATION IS STILL RECOVERING FROM THE LONGEST RECESSION SINCE WORLD WAR TWO.
AND WHILE THE RECOVERY MAY BE SLOW... CANDACE ADORKA TELLS US HOW THIS GLIMMER OF HOPE... HAS LED ONE LOCAL ENTREPRENEUR TO FOLLOW HER DREAM... IN SEARCH OF SWEET REWARDS.
IN 2008... THE ECONOMY HANDED JUNE MCGHEE LEMONS... AND SHE MADE LEMON BLUEBERRY CUPCAKES.
"i was working at the Base and I kinda saw the writing on the wall that this job was gonna be ending."
SO SHE STARTED SAVING UP... AND IN MAY... SHE OPENED SIMPLY CUPCAKES IN WARNER ROBINS.
"I was in a point in my life where I could do this. I put 4 kids through college, married, travelled the world with, and it was just a point in my life where I knew I could take a chance on me.
MCGHEE'S CUPCAKERY IS ONE EXAMPLE OF A BUSINESS THAT OPENED DESPITE THE 2008 RECESSION.
MICHELLE WRIGHT... A SMALL BUSINESS CONSULTANT OF 15 YEARS.... SAYS THESE DAYS LENDERS MAKE IT TOUGH FOR SMALL BUSINESS.
Wright: "The lender's gonna be very slow to lend to them unless they have really excellent credit and they do have that collateral. we used to see banks where collateral wouldn't have to be 100 percent, now most of the loans they have more than 100 percent collateral."
BUT THERE ARE REASONS TO BE HOPEFUL...
IN SEPTEMBER... A 30-BILLION-DOLLAR FEDERAL FUND WILL MAKE IT EASIER FOR SMALL COMMUNITY BANKS TO GIVE LOANS.
Wright: "It's getting better. It's definitely still hard, I wouldn't want to give anyone the wrong impression, but a lot of my clients are reporting sales that are growing or at least they've stabilized."
ACCORDING TO GEORGIA LABOR AND CENSUS DATA... MORE SMALL BUSINESSES ARE OPENING... AND FEWER ARE CLOSING...
AND SINCE A LOT OF BUSINESSES FAILED IN THE ECONOMIC DOWNTURN... THERE IS ROOM FOR NEW BUSINESSES.
MCGHEE SAYS IN THE 2 MONTHS SHE'S BEEN OPEN... SHE'S PAID OFF HALF HER LOAN AND THE 4,000 DOLLARS TO BUILD HER KITCHEN...
"business has been awesome!"
MCHGEE SAYS ANY ASPIRING BUSINESS OWNER CAN DO IT... ALL YOU NEED IS A GOOD PLAN... GOOD RESEARCH... AND A GOOD PRODUCT.
McGhee: "i do have people coming in saying they're coming in for their fix of the week, and they call it crack, but it's not crack..."
JUST SUGAR... FLOWER... AND HARD WORK.
CANDACE ADORKA 13WMAZ EYEWITNESS NEWS.
>> MICHELLE WRIGHT WITH THE SMALL BUSINESS DEVELOPMENT COUNCIL GAVE THREE TIPS FOR CURRENT AND FUTURE BUSINESS OWNERS...
HAVE SOME MONEY SAVED AND A GOOD RELATIONSHIP WITH YOUR BANKER... IT MAKES IT EASIER TO GET A LOAN;
WATCH YOUR SPENDING... ALWAYS LOOK AND SEE WHERE YOU CAN SAVE MONEY... AND KEEP TRACK OF WHAT YOUR COMPETITORS ARE DOING.
MACON POLICE ARRESTED A MAN TODAY FOR THE JULY 29TH SHOOTING AT WHISKEY RIVER NIGHTCLUB.
STEVEN HOLSEY WAS ARRESTED IN WARNER ROBINS ON MURDER CHARGES... BY MACON POLICE INVESTIGATORS AND THE SOUTHEAST REGIONAL FUGITIVE TASK FORCE.
HE WAS BROUGHT TO MACON THIS AFTERNOON..
20-YEAR-OLD ANTHONY HARRIS WAS SHOT IN THE STOMACH EARLY LAST FRIDAY MORNING IN THE BACK PARKING LOT OF THE NIGHTCLUB ON PIO NONO AVENUE.
HE WAS PRONOUNCED DEAD AT THE HOSPITAL LATER THAT MORNING.
MAJOR CHARLES STONE WITH THE MACON CRIMINAL INVESTIGATIONS DIVISION SAID HE HOPES THIS ARREST.... OFFERS SOME CLOSURE TO HARRIS' FAMILY.
we still have some outside homicide cases we're investigating, we haven't stopped. On this one we still got some work to do, just like every other one. But right now we're very happy we contacted the family earlier today prior to the arrest and let 'em know we were successful in making the arrest. So, the family can have some closure.
INVESTIGATORS SAID THEY ALSO TOWED HOLSEY'S CAR TO THE MACON POLICE CRIME LAB FOR PROCESSING.
TWO PEOPLE DIED IN A HEAD-ON COLLISION IN SOUTH BIBB COUNTY THIS AFTERNOON.
THAT'S ACCORDING TO SERGEANT SEAN DEFOE WITH THE BIBB COUNTY SHERIFF'S DEPARTMENT.
TWO CARS WERE INVOLVED IN THE WRECK THAT HAPPENED ON THE 67-HUNDRED BLOCK OF HOUSTON ROAD... JUST SOUTH OF SARDIS CHURCH ROAD.
INVESTIGATORS SIXTY-EIGHT YEAR-OLD SHIRLEY WISHER OF MACON... DRIVING A WHITE ESCALADE SLAMMED INTO AN S-10 CHECY PICK-UP TRUCK DRIVEN BY EIGHTY-TWO YEAR-OLD HERBERT SCOTT SENIOR OF WARNER ROBINS AROUND 12-THIRTY..
THERE WERE NO OTHER PASSENGERS IN EITHER CAR AND BOTH DRIVERS DIED AT THE SCENE.
Sergeant Sean DeFoe: " According to investigators from what they can tell so far, the white escalade was traveling south on Houston Road, veered over into the northbound lane hitting a green S-10 Chevrolet pick-up truck head on."
DEFOE SAYS A WHITE ESCALADE WITH THE SAME LICENSE PLATE NUMBER AS THE ONE IN THE CRASH WAS ALSO INVOLVED IN A HIT AND RUN EARIER TODAY.
HE SAYS THE CAR VEERED INTO ONCOMING TRAFFIC AND SIDE SWIPED A ROOFING TRUCK ON HARTLEY BRIDGE ROAD.
THE GEORGIA STATE PATROL IS ASKING FOR HELP FINDING THE HIT-AND-RUN DRIVER THAT KILLED AN EATONTON MAN THIS MORNING.
THE AGENCY SAYS 62-YEAR-OLD EDDIE BROADUS JUNIOR WAS FOUND DEAD AROUND 7-30 A-M ON GLENWOOD SPRINGS ROAD IN PUTNAM COUNTY... OFF THE U-S 441 BYPASS.
INVESTIGATORS BELIEVE A TRUCK OR S-U-V HIT BROADUS SOMETIME BETWEEN MIDNIGHT AND 6 A-M.
IF YOU HAVE ANY INFORMATION... YOU CAN CALL THE STATE PATROL OFFICE IN MADISON AT 706-343-5870.
A MACON MAN DIED AFTER HIS HOUSE CAUGHT FIRE EARLY THIS MORNING..THAT'S ACCORDING TO BIBB COUNTY CORONER LEON JONES.
HE SAYS 57 YEAR OLD EUGENE WYNN LIVED ON BAY STREET.
JONES SAYS WYNN'S BODY WAS FOUND IN THE DOORWAY AND THAT HE PROBABLY DIED OF SMOKE INHALATION
THE MACON POLICE CRIME UNIT INVESTIGATED THE DEATH...
SERGEANT STEVE GATLIN SAYS IT LOOKS LIKE THE FIRE WAS ACCIDENTAL.
JONES SAYS AN AUTOSPY IS EXPECTED ON MONDAY.
THE WEEKEND IS HERE... AND YOU MAY BE LOOKING TO PLAN A DINNER OUT.
BUT BEFORE YOU DO... YOU MAY WANT TO CHECK HOW YOUR FAVORITE RESTAURANTS DID... WHEN THE HEALTH INSPECTOR DROPPED IN.
AMY AUBERT HAS THIS WEEK'S RESTAURANT RATINGS.
WE'RE BACK IN BIBB COUNTY THIS WEEK...STARTING OFF WITH OUR LOWEST SCORES FIRST...
TARA'S TAVERN AT 24-55 EMERY HIGHWAY IN MACON... GOT AN 82... A "B"... DROPPING 17 POINTS FROM THE 99 THEY SCORED ON THE PREVIOUS INSPECTION.
AMERICAN DELI... AT 36-61 EISENHOWER PARKWAY IN MACON... SCORED AN 87... THAT'S A "B"... FOLLOWING A 96... OR "A"... ON THE INSPECTION BEFORE.
AND WAFFLE HOUSE... AT 39-07 ARKWRIGHT ROAD IN MACON... ALSO GOT AN 87... AFTER SCORING A 99 OR "A"... ON THE INSPECTION BEFORE.
NOW FOR A LOOK THE TOP SCORES OF THE WEEK... AND THIS WEEK'S GOLDEN SPATULA WINNER...
ACAPULCO AT 3-79 THIRD STREET IN MACON... WHIPPED UP A PERFECT 100... THAT'S AFTER SCORING ANOTHER 100 ONT HE INSPECTION BEFORE.
NU-WAY WEINERS AT 39-90 NORTHSIDE DRIVE IN MACON... ALSO GOT TWO PERFECT 100'S... ON THEIR LAST TWO INSPECTIONS.
AND ZANDER'S MARKET AT 15-68 FOREST HILL ROAD IN MACON... ALSO SERVED UP A PAIR OF 100'S... ON THEIR TWO MOST RECENT INSPECTIONS.
THIS WEEK... WE CAME OUT WITH A THREE-WAY TIE...
ZANDER'S MARKET ON FOREST HILL... HAD 100'S ON THEIR PAST 5 INSPECTIONS...
AND ACAPULCO ON THIRD STREET IN MACON... ALSO WHIPPED UP A SERIES OF 5 PERFECT SCORES...
AND FINALLY... NU-WAY WEINERS... HAD A PERFECT 5-SCORE AVERAGE... OF A 100.
CONGRATULATIONS TO ALL THREE RESTAURANTS... WITH PERFECT SCORES.
JOIN US AGAIN NEXT WEEK... FOR MORE RESTAURANT RATINGS.
AMY AUBERT... 13 WMAZ... EYEWITNESS NEWS.
>> FOR ALL YOUR COUNTY RESTAURANT RATINGS... GO TO OUR WEBSITE 13WMAZ DOT COM.
HOVER OVER THE FEATURES TAB... AND CLICK RESTAURANT RATINGS.
YOU'LL BE ABLE TO SEE THE RATINGS FROM COUNTIES ALL OVER CENTRAL GEORGIA.
TONIGHT'S FACEBOOK FAN OF THE DAY IS DANIELA PACHECO.
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ONE... VISIT FACEBOOK DOT COM SLASH 13WMAZ.
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WE PICK OUR FAN OF THE DAY RANDOMLY.
A MAN PROPOSED TO HIS GIRLFRIEND ON LIVE T-V... SOME SEA LIONS MADE THEIR RETURN HOME... AND YOU PROBABLY WANT TO AVOID RAFTING ON CERTAIN HAWAIIAN RIVERS...
HERE'S ANDY ROSE WITH THE VIDEO THAT WILL HAVE YOU LOOKING TWICE IN "TAKE A LOOK AT THIS!"
TAKE A LOOK AT THIS!
THERE WAS SOME UNEXPECTED ROMANCE AT THE KANSAS CITY INTERNATIONAL AIRPORT....DURING A LIVE NEWSCAST!
K-M-B-C'S BRENDA WASHINGTON WAS IN THE MIDDLE OF A LIVE SHOT ON HEALTHY EATING, WHEN JOSH MULLIN PROPOSED TO HIS GIRLFRIEND.
Did you just propose to her?
I did just propose.
Is this for real, or was he faking it?
What did you just say?
Oh my God!
MULLEN HAD JUST FLOWN IN TO MEET HIS GIRLFRIEND, ASHLEE BALDWIN. THEY'RE PLANNING A SMALL WEDDING FOR NEXT MONTH.
TWO REHABILITATED SEA LIONS ARE BACK IN THE OPEN OCEAN.
"MILESTONE" AND "ZODIAC GIRL" WERE GIVEN MEDICAL TREATMENT AT CALIFORNIA'S MARINE MAMMAL CENTER, AND WERE RELEASED INTO THE PACIFIC THURSDAY.
"MILESTONE" IS SO-NAMED BECAUSE HE'S THE 10-THOUSANDTH CALIFORNIA SEA LION RESCUED BY THE CENTER.
A HUGE LAVA-FILLED CRATER COLLAPSED ON A HAWAIIAN VOLCANO WEDNESDAY.
IT SPAWNED A FLOW OF LAVA, WHICH STARTED TWO WILDFIRES.
Just tons of lava, rivers of lava created a huge huge lake out there today.
SCIENTISTS SAYS THE VOLCANO IS STILL ERUPTING, BUT THE LAVA FLOW POSES NO THREAT TO HUMANS.
HAWAII'S VOLCANOES NATIONAL PARK REMAINS OPEN.
THANKS FOR JOINING US.... WEEKEND MORNIN' COMES YOUR WAY AT 7 A-M.
THE NEWS IS ALWAYS ON AT 13WMAZ DOT COM.
ON LETTERMAN TONIGHT: TOM HANKS.
HAVE A GREAT WEEKEND EVERYBODY.