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First he got down on one knee, then he was sent scrambling on his hands and knees.New York police are looking for a happy couple who were victims of an unhappy accident. The man popped the question in the middle of Times Square, police said, and then lost hold of the engagement ring."WANTED for dropping his fiancée's ring in Times Square! She said Yes- but he was so excited that he dropped the ring in a grate," the NYPD News tweeted Saturday. " ... Officers rescued it & would like to return it to the happy couple."The video shows the man dropping down to the New York City street to try and rescue the ring. But no luck. 638

Fifty years ago, civil rights activist Dr. Martin Luther King Jr. stepped out onto a balcony by Room 306 at Lorraine Motel in Memphis, Tennessee, where he spoke to other hotel guests who were in the courtyard.At 6:01 p.m. that night — April 4, 1968 — he was killed by a gunshot. He was taken to St. Joseph's Hospital and pronounced dead at 7:05 p.m.The night before his assassination, King preached at the Mason Temple, the world headquarters of the Church of God in Christ, saying to the audience, "We as a people will get to the Promised Land."A fugitive of the Missouri State Penitentiary, James Earl Ray, was captured in June 1968 and charged in MLK's assassination. He pleaded guilty, though in the decades that followed he tried to withdraw the plea and sought a jury trial. There was never a trial, and Ray died in prison in 1998 at age 70.It has been suggested, and is believed by the King family, that MLK was killed as a result of a government conspiracy that involved the Mafia and Memphis police, but it has never been proven in a court. The idea points to Ray being innocent and says he was framed in the civil rights activist's death.Martin Luther King Jr.'s legacy as the most visible leader of the civil rights movement from 1954 to 1968 lives on as the nation remembers and honors him on the 50th anniversary of the assassination this week.Watch the video to learn more about how King spent his final hours in Memphis.  1504

Fifty years ago, civil rights activist Dr. Martin Luther King Jr. stepped out onto a balcony by Room 306 at Lorraine Motel in Memphis, Tennessee, where he spoke to other hotel guests who were in the courtyard.At 6:01 p.m. that night — April 4, 1968 — he was killed by a gunshot. He was taken to St. Joseph's Hospital and pronounced dead at 7:05 p.m.The night before his assassination, King preached at the Mason Temple, the world headquarters of the Church of God in Christ, saying to the audience, "We as a people will get to the Promised Land."A fugitive of the Missouri State Penitentiary, James Earl Ray, was captured in June 1968 and charged in MLK's assassination. He pleaded guilty, though in the decades that followed he tried to withdraw the plea and sought a jury trial. There was never a trial, and Ray died in prison in 1998 at age 70.It has been suggested, and is believed by the King family, that MLK was killed as a result of a government conspiracy that involved the Mafia and Memphis police, but it has never been proven in a court. The idea points to Ray being innocent and says he was framed in the civil rights activist's death.Martin Luther King Jr.'s legacy as the most visible leader of the civil rights movement from 1954 to 1968 lives on as the nation remembers and honors him on the 50th anniversary of the assassination this week.Watch the video to learn more about how King spent his final hours in Memphis.  1504

Former President Barack Obama on Wednesday announced his first wave of endorsements for Democratic candidates vying for elected positions up and down the ballot this November.Obama endorsed 81 people for this first wave and is expected to endorse more ahead of the midterm elections. His office said Wednesday that the former president is also expected to campaign in several states for 2018 candidates.His endorsement list includes several people in high-profile races, including Gavin Newsom for governor of California, Stacey Abrams for governor of Georgia and Jacky Rosen for US Senate in Nevada.Former Obama administration officials and campaign alumni were among those who snagged Obama's backing. They include Colin Allred, Andrew Kim, Tom Malinowski, Lauren Underwood, Richard Cordray and Jill Schiller.Obama said in a statement that he is "proud to endorse such a wide and impressive array of Democratic candidates -- leaders as diverse, patriotic, and big-hearted as the America they're running to represent.""I'm confident that, together, they'll strengthen this country we love by restoring opportunity that's broadly shared, repairing our alliances and standing in the world, and upholding our fundamental commitment to justice, fairness, responsibility, and the rule of law," he continued.The 2018 midterms, now less than 100 days away, are largely seen as a referendum on President Donald Trump's first two years in office.Democrats need a net gain of 23 seats to wrest control of the House from Republicans. They need a net gain of two seats to take a Senate majority, although the path to get to that number is difficult.The endorsements add to other recent post-presidential efforts by Obama to shape the political landscape. 1751

Federal Reserve chairman Jerome Powell gave investors reason to cheer on Wednesday when he suggested that the Fed may slow down its interest rate hikes.The Dow surged on the news and closed up 600 points, or more than 2%, in midday trading. The S&P 500 and Nasdaq each rose about 2% as well.Powell reassured investors that the Fed wouldn't risk killing off economic growth by continuing to aggressively raise rates next year."Our gradual pace of raising interest rates has been an exercise in balancing risks," Powell said during a speech at the Economic Club of New York. "We know that moving too fast would risk shortening the expansion. We also know that moving too slowly -- keeping interest rates too low for too long -- could risk other distortions in the form of higher inflation."Powell noted that rates remain relatively low and that they are just below what many economists consider "neutral for the economy -- that is, neither speeding up nor slowing down growth."Investors seemed to interpret Powell's comments as a sign that the Fed, which is widely expected to raise rates again at a meeting next month, may now only hike rates once or maybe twice at most in 2019 as opposed to earlier forecasts of three or four hikes.The Dow's most cyclical stocks were among the biggest gainers. Shares of Boeing (BA), Caterpillar (CAT), Microsoft (MSFT) and Apple (AAPL) helping to lead the rally.In fact, only four Dow stocks -- Verizon (VZ), United Technologies (UTX), DowDupont (DWDP) and Procter & Gamble (PG) -- were trading lower Wednesday afternoon.Matthew Cheslock, a trader at Virtu Financial, told CNNMoney editor-at-large Richard Quest on "Markets Now" Wednesday that the market interpreted Powell's comments as meaning that we are "closer to normal rates. I think that was what really sparked the market to go higher."Cheslock added that some of Powell's remarks about the market not being in a bubble were reassuring as well.Powell's comments may assuage concerns about the Fed possibly going too far with rate increases, a criticism leveled by President Donald Trump.But Tobias Levkovich, Citigroup chief US equity strategist, told Quest that the market may be overreacting."I'm not dancing or partying right at the moment," he said, adding that the Fed has talked about gradual rate hikes "for a very long time." "Maybe [the markets] were just worried it would be worse," Levkovich said.To that end, Trump, who chose Powell to replace former Fed chief Janet Yellen, has often bashed him and the Fed on Twitter and in interviews for the rate hikes.In fact, Trump attacked Powell again in a Washington Post interview Tuesday, saying he was "not even a little bit happy" with Powell and that the Fed was making a mistake with so many rate hikes.Trump even added that sometimes decisions he makes with his "gut" matter more than what other people's brains tell him.Whether or not investors were using their guts or brains when deciding to jump back into stocks Wednesday remains to be seen. But it's clear that the bulls were back in charge on Wednesday."Markets Now" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by Quest and CNNMoney's business correspondents, the 15-minute program features incisive commentary from experts.You can watch "Markets Now" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.The-CNN-Wire 3545

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