So a scary headline number isnt as bad as it seems when you look underneath. Reporter and thats what economists say Federal Reserve policy makers did. After studying the economy for two days, chairman ben bernanke and his colleagues issued what most called a no news statement. The fed says it will keep Interest Rates near zero and plans to keep buying bonds in order to keep Interest Rates low. Todays g. D. P. Report didnt change that plan. What the fed is trying to do is generate stronger labor Market Growth and labor Market Performance and we dont really have any data on that yet. So we dont have the employment report yet, so we think it is just status quo for the fed at this time. Reporter well, almost status quo. The fed continues to watch congress closely for clues about whether deep, automatic federal spending cuts will take effect in a month or congress will decide to close down parts of the government as republicans and democrats battle over the budget. I think the fed is very c
Today came on a day of mixed reports about the u. S. Economy. On the jobs front, a strong payrolls report showed private employers added 192,000 jobs in january, much more than economists expected. But the Commerce Department said economic growth, contracted in the last three months of 2012. The g. D. P. Shrank by 0. 1 the first time thats happened since the financial crisis began. The fed said in its policy Statement Today that it continues to see Downside Risks to the economy. Unemployment is still elevated. But household and business spending advanced. Susie darren gersh begins our coverage with that weak reading on the economy. Reporter last quarter, defense spending fell off the fiscal cliff. As lawmakers bickered, manufacturers who make things for the pentagon cut back production sharply defense spending fell 22 in the latest g. D. P. Report, tipping the economy into the red. Certainly manufacturers are pulling back and i think this is a bit of a wake up call that these cuts are
Captioning sponsored by wpbt this is n. B. R. Susie good evening everyone. Im susie gharib. The economy is barely growing, so the Federal Reserve says it will keep buying bonds to stimulate growth, and create more jobs. Tom im tom hudson. Facebooks latest earnings beat the street, but while the company saw big gains in mobile ad sales, its costs also shot up. Susie and rim, rolls out the new blackberry 10, a new name, and a new ticker symbol, we look at whats riding on all those bold moves. Tom that and more tonight on n. B. R. susie the Federal Reserve said the economy paused in recent months, so its keeping its key Interest Rate near zero. The decision from policymakers today came on a day of mixed reports about the u. S. Economy. On the jobs front, a strong payrolls report showed private employers added 192,000 jobs in january, much more than economists expected. But the Commerce Department said economic growth, contracted in the last three months of 2012. The g. D. P. Shrank by 0.
Second man dies near seattle. At this point we do not know how this gentleman contracted the illness. He was in a hospital. This hospital is one where the nursing home sends patients. There are cases in the nursing home also. Right now there is a large investigation going on in the nursing home and hospital, Contact Tracing to try to determine where that disease was introduced and how it might have spread. You dont know. At this point this is a community transmission, somewhere out in that community in kirk land, washington it is a sus peted community transmission. Yes. Good morning, david. Good morning. Officials here in washington and at the white house and National Institutes of health in bethesda continue to hold highlevel meetings as more cases come into the spotlight. Vice president mike pence is the point person for the Trump Administration on coronavirus. He held a meeting yesterday and on saturday he led a situation room meeting with cdc officials along with President Trump. P
Great recession. Also this morning, it is election day in half a dozen states across the country. Our team on the ground covering what could be a make or break moment in the race for the democratic nomination. New reporting from our road warriors. Our nbc news team is ready to go on this busy mini super tuesday. Lets start with our team in washington, d. C. Kristen welker is at the white house for us, kasie hunt is capitol hill and david gura is on the floor of the stock exchange. Were seeing a surge in the markets because of what the president had to say last night, announcing something, quote, dramatic, to be exact with his words, that is expected today. But our colleagues at cnbc have new reporting that is white house is really far away from rolling out any specific details. What have you learned . Reporter based on my conversations, it would appear that thats the case. Officials here say theyre still working out the details about when and if the president is going to be meeting wit