Over proposed rules that some say could make the funds riskier, not safer. All that and more tonight on nightly Business Report for friday, september 20th. Good evening, everybody, im tyler mathisen. And im sue herera in tonight for susie gharib. You can call it fallout friday. A litany of events converged on wall street today, sending stocks sharply lower. First, the rebalancing of the dow and the s p 500 caused volatility as Money Managers had to adjust their portfolios. Second, it was quadruple witching, which is the expiration of certain options and futures contracts. Third, the growing fear that the government may be hurtling toward a shutdown at the end of the month. Well have more on that in just a moment. And lastly, officials making comments today about when the Federal Reserve will start pulling back on its bond buying program. Spooking the markets early on was st. Louis president james bullard, who said next month isnt out of the question. I do think october is a live meetin
Abundant resources. And money fund fight. You probably own one. You may even think its as safe as a bank account. Both sides tonight in a battle over proposed rules that some say could make the funds riskier, not safer. All that and more tonight on nightly Business Report for friday, september 20th. Good evening, everybody, im tyler mathisen. And im sue herera in tonight for susie gharib. You can call it fallout friday. A litany of events converged on wall street today, sending stocks sharply lower. First, the rebalancing of the dow and the s p 500 caused volatility as Money Managers had to adjust their portfolios. Second, it was quadruple witching, which is the expiration of certain options and futures contracts. Third, the growing fear that the government may be hurtling toward a shutdown at the end of the month. Well have more on that in just a moment. And lastly, officials making comments today about when the Federal Reserve will start pulling back on its bond buying program. Spook
Over proposed rules that some say could make the funds riskier, not safer. All that and more tonight on nightly Business Report for friday, september 20th. Good evening, everybody, im tyler mathisen. And im sue herera in tonight for susie gharib. You can call it fallout friday. A litany of events converged on wall street today, sending stocks sharply lower. First, the rebalancing of the dow and the s p 500 caused volatility as Money Managers had to adjust their portfolios. Second, it was quadruple witching, which is the expiration of certain options and futures contracts. Third, the growing fear that the government may be hurtling toward a shutdown at the end of the month. Well have more on that in just a moment. And lastly, officials making comments today about when the Federal Reserve will start pulling back on its bond buying program. Spooking the markets early on was st. Louis president james bullard, who said next month isnt out of the question. I do think october is a live meetin
As many had feared and in some cases a lot better. Take procter gamble, which today released results that soared past expectations. The company also boosted its outlook for sales and profits. Its more about the outlook for rest of 2013 than it is for the actual results that weve been seeing so far. And, that is an important distinction because well have to see if things really come in the way these companies are expecting. Reporter after the recent runup in prices, some market pros say the stock market is looking ripe for a correction. Still, many agree the risk is more to the upside than the downside. I dont think that people have been overly optimistic on the economy. And, weve seen autos really rebounding over the last year. Were really starting to see improvement in the Housing Market. So, i think those are some very fundamental pieces of the economy that could really lead to some stronger growth in the future. Reporter as for Retail Investors rediscovering stocks this january, not
The president argued he was justified in doing so because the senate was away for a 20day break. But republicans and business groups said the senate was still technically in session, if only for a few minutes every few days. The panel of three judges all appointed by republican president s said mr. Obama had done an inappropriate endrun around the senate. But white house spokesman jay carney took issue with the ruling. The decision is novel and unprecedented. It contradicts 150 years of practice by democratic and republican administrations. So we respectfully but strongly disagree with the rulings. Accord together Congressional Research service Something Like 280 plus intrasession recess appointments by, again, democratting and republican administrations dating back to 1867. Sreenivasan if the decision stands, it could invalidate hundreds of decisions made by the labor board. Moreover, the body would not have enough members to issue decisions, effectively shutting it down. The ruling a