Declining. We saw a constructive things. Waiting for the eighth or ninth year of expansion is not a perfect strategy. There is an issue of wanting to do as much as we can to avoid exacerbating the longstanding inferences and get back to a Strong Economy or we can start making progress again, which is what we were doing in february. Senator smith as the fed chair and at the fed you have the mission of low unemployment and managing inflation. And this need to spur job growth. We said there is not been a big worry about inflation. What if the fed were to lower its target for employment, even under 3 . What impact might that have on addressing longterm needs for addressing inequality. Changeowell we made a in our operating framework which addresses that directly. We will have an estimate of the natural rate of unemployment. We will not act on that, even if unemployment goes below that, unless we see inflation or some other problematic thing that seems to be late to where our rates are. We
3, 2, 1. This hearing will now come to order. Is in a hybrid format and the hearing room has been configured to maintain the recommended six foot social distancing between senators, witnesses and other individuals in the room necessary to operate the hearing, which we have kept to a minimum. , a those joining remotely few videoconferencing reminders which you should be familiar with at this point. Once you start speaking, there will be a slight delay before your display on the screen. To minimize background noise, click the mute button until it is returned to speak or ask questions. Issue,e is a technology we will move to the next senator until it is resolved. I remind senators and our witnesses the fiveminute clock still applies. Those remote should have on your screen one of the boxes labeled clock which will show how much time is remaining. Weve had some trouble getting those boxes to everyone screen or at least getting everybody to be able to find them and follow them. We are going
Look agoing to. No legislation. Whenever a 5593 page covid relief bill is, its not a law. None of the socalled legislators of the socalled Legislative Branch right or read their own, quote, legislation. I used to be naive enough to think these perversions of laugh were at least written by staffers. Like that nice lady who sits next to Chuck Schumer who looks her best to be dazzled by his rhetoric. My best guess now its a google algorithm. The lobbyists enter their wish list at stiff the citizenry. Com and then the algorithm turns it all together and you find out you are getting 60 bucks for every month you havent been allowed to open your gym or hair salon and some Village Hedman in who gives astan 30 times that take your child bride to work day promotion. Its not a parliament. Its not legislature not a citadel of democracy. Its a Per Severitied will dungeon of democracy you are hanging upside down and no safe word. Last night we finally found out what the citadel of democracy is a cit
One of the hottest stocks in the market, General Motors dives in and the ceo will join us in just a moment power lunch starts right now welcome to power lunch. Im dominic chu. One bright spot is the Housing Market you have restoration hardware, williams sonoma, theyre jumping and then you have trex, which makes decking and railingtype products for homes and two Retail Stocks hitting new highs, will brands a the a 52week high, target at an alltime high yet again today after its big blowout Earnings Report yesterday. And, kelly, you mentioned the electric vehicle trades tesla a the at a new high is up 20 in just this past week kelly. All right, dom. The dow sliding today and heading now for a down week. Lets go to bob pisani for the action the markets are still having a hard time to figure out on what to focus. Do you focus on the spring reopening in 2021 and Second Quarter or on the covid winter right now . Today a little more focus on the covid winter the good news is tech which has be
Its a move thats been long overdue. Good evening. Im ken wayne and im Catherine Heenan in tonight for pam moore. Today, San Francisco county da chase abboud in announced plans to file manslaughter charges against former rookie officer, christopher this is in connection to the 2017 shooting death of oneill that news was a welcome by families of People Killed by San Francisco Police Officers and kron fours Jonathan Mccall is here live with more john you know, id sorry catherine and was fired by San Francisco police after that shooting happened. Since that we 2009 there have been 72 officer involved shootings here in San Francisco. In september san leandro officer Jason Fletcher was also charged for the shooting death of Steven Taylor that happened in april its the second time. Officer in the bay area has been charged in a deadly shooting here in recent months before that that had been that hadnt for loved ones killed by cops say todays news gives them some much needed help. For the first