High. They dropped patience from their guidance. We anticipate it will be appropriate to raise the target range for the federal funds rate when the committee has seen further improvement in the labor market and is reasonably confident that inflation will move back to its 2 objective over the mediumterm. Betty she is neither promising nor ruling out a rate increase in june. The president of the Swiss National bank is pledging to keep Interest Rates at record lows. Dropping his defense of the frank as to his countrys economic challenges. Officials will take currency controls steps if they need to. This morning, he thinks Market Forces will do the job. Im convinced markets will rally. The swiss franc is overvalued. That is not attractive at the moment. Betty the bank forecasts and inflation rate this year of 1. 1 . The weakest rate in 65 years. One of the gunman suspected of killing 22 people in tunisia was known to the countries tell intelligence services. Test countrys intelligence know
3,765. And Standard Poors staying above 1700, down about 8 points. Im coming to you from oracle world conference in san francisco. Well bring you an exclusive interview with president mark hurd coming up next. But the s p 500 and dow on a threeday losing streak. Lets get to bob pisani. Its the worst kind of week. I hate it when washington dictates the agenda for the stock market because invariably nothing good happens. Thats kind of what happened today. Nothing very good happened. Take a look at key headline. Maria hit it on the head. The important thing is, we have a lack of leadership from the fed. We heard from some important people today. Mr. Dudley, mr. Fisher, they essentially said opposite things. Key players, ms. Yellen and ben bernanke on sidelines. Janet yellen canceling an important speech in new york city. Big reason . Theyre considering her for head of federal reserve. The clean living bill going to pass the senate and house . We dont know. Its creating uncertainty. Look a
into a compelling new movie early this wednesday november, 16th, 2011. captioning funded by cbs good morning. with him to the early show on a wednesday morning. cloudy start to the day. i m chris wragge. i m erica hill. nice to have you with us this morning. we can t talk enough about this and seems like talking about it ten days now. the latest in the penn straight sexual abuse case. for the first time hearing from the eyewitness at the center of this entire scandal. that is mike mcqueary who says he saw the suspect jerry sandusky raping a boy in 2002. armen keteyian is in state college this morning with the latest. reporter: the 37-year-old mcqueary is expected to be a prime witness in a case against sandusky. yesterday, in a brief interview he gave us a glimpse into the emotional roller coaster he has ridden the last ten days. standing on the front porch of his home tuesday afternoon and speaking out for the first time. mike mcquarry said the scandal has turn
my business is tanking. finally these guys leave and clean up. question is, are they coming back? let s go right now. police in riot gear letting thousands of occupiers in zuccotti park know it s time to go. it happened around 1:00 a.m. this morning, cops started handing out eviction notices. some are taking down the tarps and the tents. is this a live picture right there? no, this is video of cops taking down the tents making way for sanitation crews to clean up the unsanitary and dangerous mess. police reportedly arresting at least 70 people who refused to leave. occupiers are making their way to two other locations where they plan to hold rallies now. they will be allowed to return to zuccotti park after the cleanup is done but here s the kicker. without their tents. thursday marks two months since the protesters set up camp there. another developing story to tell you about this morning. right now, the university of north carolina wilmington on lockdown. police are using