Chunk of our economy, but many find themselves in a financial bind. Tonight, we begin our fivepart series in oakland, california, to see how that city is trying to fix itself. We have all that and more tonight on nightly Business Report on this monday, november 18th. Good evening everybody, and welcome, it was not easy or smooth. But the dow closed at another alltime high today, its 39th of the year. Perhaps equally notable the dow crossed the 16,000 mark for the First Time Ever a and the s p scored its own first, piercing 1800, neither held it long, though, stocks got an encouraging bit of news by William Dudley who says that the banking will strengthen. The jobs pictures will improve and so should consumer spending, but late in the day a wet blanket got tossed, coming by carl icahn. He called some Companies Earnings a mirage and says some companies could have a big drop. Well, it was not big, but the number did drop after that. The dow surged as much as 67 points higher initially, fi
Chunk of our economy, but many find themselves in a financial bind. Tonight, we begin our fivepart series in oakland, california, to see how that city is trying to fix itself. We have all that and more tonight on nightly Business Report on this monday, november 18th. Good evening everybody, and welcome, it was not easy or smooth. But the dow closed at another alltime high today, its 39th of the year. Perhaps equally notable the dow crossed the 16,000 mark for the First Time Ever a and the s p scored its own first, piercing 1800, neither held it long, though, stocks got an encouraging bit of news by William Dudley who says that the banking will strengthen. The jobs pictures will improve and so should consumer spending, but late in the day a wet blanket got tossed, coming by carl icahn. He called some Companies Earnings a mirage and says some companies could have a big drop. Well, it was not big, but the number did drop after that. The dow surged as much as 67 points higher initially, fi
Likely invest with. And mission critical. Americas cities fund a big chunk of our economy, but many find themselves in a financial bind. Tonight, we begin our fivepart series in oakland, california, to see how that city is trying to fix itself. We have all that and more tonight on nightly Business Report on this monday, november 18th. Good evening everybody, and welcome, it was not easy or smooth. But the dow closed at another alltime high today, its 39th of the year. Perhaps equally notable the dow crossed the 16,000 mark for the First Time Ever a and the s p scored its own first, piercing 1800, neither held it long, though, stocks got an encouraging bit of news by William Dudley who says that the banking will strengthen. The jobs pictures will improve and so should consumer spending, but late in the day a wet blanket got tossed, coming by carl icahn. He called some Companies Earnings a mirage and says some companies could have a big drop. Well, it was not big, but the number did drop
Here to explain, doug holtzeakin, president of the American Action forum. Brian reed chief economist at Investment Company institute, a trade group that represents the Mutual Fund Industry. Guys, it has been almost six years to the day that Lehman Brothers filed bankruptcy and the government ever since has been trying to find a way to keep that kind of financial disaster from happening again. Doug, who do they have their sights on now . And what do they want to do . Well the group in question is the Financial Stability Oversight Council which was created by doddfrank. It has enormous powers to designate a Financial Institution as systematically important. If they do that, they then fall into what is meant to be a much tougher regulatory regime, specifically though, they would end up with the capital charges of 8 in, in a bankstyle regulatory setup. This is utterly inappropriate for mutual fund. It makes no sense whatsoever. It will cost people a lot of money. Gerri lets break that down
Hello, everyone. Im Bianna Golodryga in for fredricka whitfield. Were following breaking news on capitol hill where a rare and politically divisive saturday vote is taking place in the house this afternoon. Right now lawmakers and congress are in the middle of considering a 25 billion package to help boost the Postal Service with a vote expected to follow soon after. The bill is aimed at preventing delays and interference with election mail. A critical priority now that Many Americans are mailing in their ballots because of the pandemic. This debate coming as a grim new projection says that the death toll in the u. S. From the coronavirus could surpass 300,000 by the beginning of december. That model, which is often cited by the white house, warns that in a worst case scenario, as many as 6,000 americans could die every day by december if safety mandates are relaxed. And as College Students return to campuses across the country, schools in at least 19 states are reporting outbreaks. Le