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National Archives
Yes, it’s that time again, folks. It’s the first Friday of the month, when for one ever-so-brief moment the interests of Wall Street, Washington and Main Street are all aligned on one thing: Jobs.
A fresh update on the U.S. employment situation for January hits the wires at 8:30 a.m. New York time offering one of the most important snapshots on how the economy fared during the previous month. Expectations are for 203,000 new jobs to be created, according to economists polled by Dow Jones Newswires, compared to 227,000 jobs added in February. The unemployment rate is expected to hold steady at 8.3%.
Here at MarketBeat HQ, we’ll be offering color commentary before and after the data crosses the wires. Feel free to weigh-in yourself, via the comments section. And while you’re here, why don’t you sign up to follow us on Twitter.
Enjoy the show. ||||| Employers pulled back sharply on hiring last month, a reminder that the U.S. economy may not be growing fast enough to sustain robust job growth. The unemployment rate dipped, but mostly because more Americans stopped looking for work.
The Labor Department says the economy added 120,000 jobs in March, down from more than 200,000 in each of the previous three months.
The unemployment rate fell to 8.2 percent, the lowest since January 2009. The rate dropped because fewer people searched for jobs. The official unemployment tally only includes those seeking work.
The economy has added 858,000 jobs since December _ the best four months of hiring in two years. But Federal Reserve Chairman Ben Bernanke has cautioned that the current hiring pace is unlikely to continue without more consumer spending.
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– The unemployment rate dropped to 8.2% last month, but the economy only added 120,000 jobs, when 203,000 new jobs had been predicted, according to today's jobs report. Reaction on the Wall Street Journal's MarketBeat Blog was swift: "Woah!!! Bad number." The unemployment rate, however, is better news; it had been expected to hold steady at 8.3%. But the AP notes that the dip is mostly due to more Americans giving up on seeking employment.
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LOS ANGELES (AP) — In her first interview since the NBA banned her estranged husband, Shelly Sterling says she will fight to keep her share of the Los Angeles Clippers and plans one day to divorce Donald Sterling.
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Los Angeles Clippers co-owner Shelly Sterling, below, watches the Clippers play the Oklahoma City Thunder along with her attorney, Pierce O'Donnell, in the first half of Game 3 of the Western Conference... (Associated Press)
Shelly Sterling spoke to Barbara Walters, and ABC News posted a short story with excerpts from the conversation Sunday.
NBA Commissioner Adam Silver has banned Donald Sterling for making racist comments and urged owners to force Sterling to sell the team. Silver added that no decisions had been made about the rest of Sterling's family.
According to ABC's story, Shelly Sterling told Walters: "I will fight that decision."
Sterling also said that she "eventually" will divorce her husband, and that she hadn't yet done so due to financial considerations. ||||| Shelly Sterling said today that "eventually, I am going to" divorce her estranged husband, Donald Sterling, and if the NBA tries to force her to sell her half of the Los Angeles Clippers, she would "absolutely" fight to keep her stake in the team.
"I will fight that decision," she told ABC News' Barbara Walters today in an exclusive interview. "To be honest with you, I'm wondering if a wife of one of the owners, and there's 30 owners, did something like that, said those racial slurs, would they oust the husband? Or would they leave the husband in?"
Sterling added that the Clippers franchise is her "passion" and "legacy to my family."
"I've been with the team for 33 years, through the good times and the bad times," she added.
These comments come nearly two weeks after NBA Commissioner Adam Silver announced a lifetime ban and a $2.5 million fine for Donald Sterling on April 29, following racist comments from the 80-year-old, which were caught on tape and released to the media.
Read: Barbara Walters' Exclusive Interview With V. Stiviano
Being estranged from her husband, Shelly Sterling said she would "have to accept" whatever punishment the NBA handed down to him, but that her stake in the team should be separate.
"I was shocked by what he said. And -- well, I guess whatever their decision is -- we have to live with it," she said. "But I don't know why I should be punished for what his actions were."
An NBA spokesman said this evening that league rules would not allow her tol hold on to her share.
"Under the NBA Constitution, if a controlling owner's interest is terminated by a 3/4 vote, all other team owners' interests are automatically terminated as well," NBA spokesman Mike Bass said. "It doesn't matter whether the owners are related as is the case here. These are the rules to which all NBA owners agreed to as a condition of owning their team."
Sherry Sterling's lawyer, Pierce O'Donnell, disputed the league's reading of its constitution.
"We do not agree with the league's self-serving interpretation of its constitution, its application to Shelly Sterling or its validity under these unique circumstances," O'Donnell said in a statement released this evening in reposnse the NBA. "We live in a nation of laws. California law and the United States Constitution trump any such interpretation."
If the league decides to force Donald Sterling to sell his half of the team, Shelly Sterling doesn't know what he will do, but the possibility of him transferring full ownership to her is something she "would love him to" consider.
Related: NBA Bans Clippers Owner Donald Sterling For Life
"I haven't discussed it with him or talked to him about it," she said.
The lack of communication between Rochelle and Donald Sterling led Walters to question whether she plans to file for divorce.
"For the last 20 years, I've been seeing attorneys for a divorce," she said, laughing. "In fact, I have here-- I just filed-- I was going to file the petition. I signed the petition for a divorce. And it came to almost being filed. And then, my financial advisor and my attorney said to me, 'Not now.'"
Sterling added that she thinks the stalling of the divorce stems from "financial arrangements."
But she said "Eventually, I'm going to."
She also told Walters she thinks her estranged husband is suffering from "the onset of dementia."
Since Donald Sterling's ban, several celebrities have said they would be willing to buy the team from Sterling, including Oprah Winfrey and Magic Johnson. Sterling remains the owner, though his ban means he can have nothing to do with running the team and can't attend any games.
Silver announced Friday that former Citigroup chairman and former Time Warner chairman Richard Parsons has been named interim CEO of the team, but nothing concrete in terms of ownership or whether Sterling will be forced to sell the team. Parsons will now take over the basic daily operations for the team and oversee the team's president.
Read: What You Need to Know This Week About Donald Sterling
ABC News contacted Donald Sterling for comment on his wife's interview, but he declined.
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– Shelly Sterling plans "eventually" to divorce her estranged husband Donald, she tells Barbara Walters at ABC News. As for her stake in the Los Angeles Clippers, she plans to keep it, the AP notes. Sterling says she would "absolutely" fight any NBA decision to force her to sell the team. The team is her "legacy" to her family, she says. "To be honest with you, I'm wondering if a wife of one of the owners … said those racial slurs, would they oust the husband? Or would they leave the husband in?"
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GAITHERSBURG, Md. (AP) — A small, private jet has crashed into a house in Maryland's Montgomery County on Monday, killing at least three people on board, authorities said.
Preliminary information indicates at least three people were on board and didn't survive the Monday crash into home in Gaithersburg, a Washington, D.C. suburb, said Pete Piringer, a Montgomery County Fire and Rescue spokesman.
He said a fourth person may have been aboard.
Piringer said the jet crashed into one home around 11 a.m., setting it and two others on fire. Crews had the fire under control within an hour and were searching for anyone who may have been in the homes.
Television news footage of the scene showed one home nearly destroyed, with a car in the driveway. Witnesses told television news crews that they saw the airplane appear to struggle to maintain altitude before going into a nosedive and crashing.
An FAA spokesman said preliminary information shows the Embraer EMB-500/Phenom 100 twin-engine jet was on approach at the nearby Montgomery County Airpark. The National Transportation Safety Board is sending an investigator to the scene. ||||| Gemmell family (Photo: Facebook)
GAITHERSBURG, Md. (WUSA9) -- The investigations into a plane crash that left six people dead in Gaithersburg on Monday evening are just beginning.
A mother and her two young children are three of the six lives lost in the crash.
Marie Gemmell, 36, her three-year-old son Cole and her infant-son Devin were inside their home when a corporate jet crashed into it. Their bodies were found on the second floor hours after the crash. The father and a third child were not home at the time of the crash.
Michael Rosenberg was on the jet that crashed (Photo: Health Decisions)
Three people on the jet were also killed, according to Montgomery County fire officials. One of those victims has been identified as Michael Rosenberg, CEO of Health Decisions. You can read their statement here.
An Embraer EMB-500/Phenom 100 crashed into a house in the 19700 block of Drop Forge Lane off Snouffer School Road in the neighborhood of Hunters Woods around 10:45 a.m., according to the NTSB. The plane was coming from Chapel Hill, NC and approaching the Montgomery County Air Park.
The NTSB has sent a go-team to the site, where three homes were damaged. Firefighters used foam to battle fires all around the scene. The fuselage of the jet is parallel to a second house, and the tail of the airplane is at the front door. One of the wings was catapulted into the Gemmell's house, causing a huge fire and the majority of the damage, according to the NTSB. Senior Investigator Timothy LeBaron is leading the go-team.
Investigators are looking at operations, including crew experience, training and procedures, the functionality of the engines, the weather, air traffic control and more, NTSB spokesperson Robert L. Sumwalt said at a press confrence.
"Our mission is to find out not only what happened, but why it happened because we want to make sure something like this never happens again," Sumwalt said.
MORE: Woman says community feared plane crash
NTSB investigators are currently collecting perishable evidence, not determining the cause. They'll be conducting interviews and documenting the wreckage. Investigators could be on the scene for three to seven days for what they call the "fact-finding" phase.
The black box, which has recordings from the crash, has been recovered. It is in good condition and has been rushed to labs, Sumwalt said.
The first call about the crash came in at 10:44 a.m. from the National Guard Armory for the report of an explosion, and units were on the scene in approximately seven minutes, Montgomery County Fire Chief Steve Lohr said at an initial press conference. Utility crews were also on the scene and Lorh said it is safe for residents in the area. Electricity has been temporarily cut off.
Recordings of the 911-calls from the crash were released on Monday evening. In the recordings neighbors and witnesses describe the scene where the plane crashed in the Gaithersburg neighborhood.
Recordings of the 911 calls from the Gaithersburg plane crash were released on Monday evening.
"We just heard a giant explosion we looked out the window and there's... it looks like a house is on fire, we've got some people running over there to see if people are okay," one caller described.
RAW: Fire Chief Steve Lohr speaks on plane crash
A woman who was traveling into the area after taking a test at Montgomery College tells WUSA9 that she could see the smoke from the crash from I-370. As she got closer, she saw all the emergency response vehicles and called her husband. He told her that the smoke was coming from the area where her mother and stepfather lived and she says she got worried. She discovered the house that was struck was their neighbors' house. She says there are "three little ones" who live in that house.
One person reported seeing the plane "wobble" before it crashed into the house. Other neighbors reported hearing repeated booms and feeling their houses shake from the impact of the plane.
Something went wrong with the jet heading to the Montgomery County airport and it went into a house in Gaithersburg
WUSA9 spoke with an eyewitness named Jocelyn Brown who said she first heard the plane sputtering, making a sound that planes that go over the area normally don't make flying over the houses. She says she and her mother became concerned and went to investigate. They then saw the plane hit the side of a house. She reported seeing a "mushroom effect of smoke" and also hearing three explosions after the plane hit.
Jocelyn says they also heard screams in the area of the home. She says she does not know whether they were coming from inside the house or behind them.
Jocelyn lives in the area and says she knows the mother that lives there. She described her as a "sweet woman" who walks with her kids in the area all the time and speaks to everyone.
He said the plane sounded like it was "puttering" and then saw fire
A woman posted video from the ground of the scene of the plane crash on YouTube.
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The FAA has released the following information:
"This is preliminary information about an Embraer EMB-500/Phenom 100 twin-engine jet that crashed one mile north of the Montgomery County Airport, Gaithersburg, MD at 11am today. The aircraft was on approach to Runway 14 at the airport when the accident occurred. Please contact local authorities for information on passengers and the situation on the ground. The FAA will investigate. We will update this statement when new information is available. "
Photo of plane from FlightAware (Photo: FlightAware)
An FAA source says the jet was waiting for a much slower single engine aircraft, possibly a Cessna, to make its turn so it could make its approach. That information has not been confirmed by the NTSB.
The Montgomery County Air Park is within 1/2 to 3/4 of a mile of the crash. The airport does not have a tower, so communication would have been with Washington Air Traffic Control Section, not the airport.
The FAA registry shows that the plane was a corporate Phenom jet with tail number N100EQ. It's registered to Sage Aviation LLC out of Chapel Hill, NC which makes replacement parts for the aviation industry.
MORE: Gaithersburg plane crash at Drop Forge Lane, 3 houses suffering some sort of damage, this one the worst @WNEWpic.twitter.com/vihz4k5eYE — JimMacKayWNEW (@JimMacKayWNEW) December 8, 2014
Snouffer School Road was closed between Centerway Road and Goshen Road following the crash. Drivers and pedestrians are being urged to avoid the area. It is likely to remain closed throughout the night and possibly Tuesday.
She says something has to be done about planes flying low directly over homes.
Read or Share this story: http://on.wusa9.com/1A8PzKE
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– A twin-engine Embraer jet that the FAA describes as "on approach to Runway 14" at the Montgomery County Airpark in Gaithersburg, Maryland, crashed into a home this morning, engulfing that home in flames and setting two others on fire. Three people are dead, but the count could grow. A Montgomery County Fire rep says three fliers were killed in the crash, but notes the corporate plane may have had a fourth person on board, reports the AP. A relative of the owner of the home that was hit tells WUSA 9 that a mother with three children pre-school age and under should have been home at the time; there's no word on the family's whereabouts. The crash occurred around 11am on Drop Forge Lane, and the fire was extinguished within an hour. Crews are now searching the wreckage. A witness noted the plane appeared to "wobble" before the crash; the airport is no more than 3/4 mile from the crash scene. NTSB and FAA will investigate.
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WTF?!
Howard Stern recently completed the ALS Ice Bucket Challenge and shared a video of the do-gooder act on YouTube. While Stern doing the bone-chilling charitable act is nothing out of the ordinary, you may be scratching your head when you hear who he nominates to undertake the challenge next.
"Hey everybody, it's Howard Stern ready to take the Ice Bucket Challenge," a shirtless Stern says in the video. "I'm accepting the challenge of...who challenged me? Matt Lauer and Jennifer Aniston." ||||| After both Jennifer Aniston and Matt Lauer nominated him, Howard Stern finally accepted the Ice Bucket Challenge - and you won't believe who he nominated!
Remember, all this ice bucket nonsense is for a good cause - donate to the ALS Association and help Strike Out ALS!
And watch Beth Stern take the ice bucket challenge too!
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– Howard Stern has nominated an interesting trio to complete the ice bucket challenge after him. Trouble is, one of them is dead, reports E! Online. In a bizarre video posted to YouTube yesterday, a bare-chested Stern plops an ice cube into a shot glass of water, then pours it over his head, immediately succumbing to mock shivers before hopping off camera. But first he challenges the very much alive Barbara Walters and Mark Consuelos, plus the quite dead Casey Kasem, to douse themselves with ice water next. Stern is aware of Kasem's death at age 82, E! notes, as he's discussed it on his radio show.
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