Ladies and john but we welcome to the podium. [inaudible] hi everybody, it has been so wonderful tonight to meet so many old friends, and reconnect with so many people. So tonight we salute the talented journalists who have signed up to work their hearts out, undaunted by the financial gloom and our industry. So lets raise a glass to those who keep telling amazing stories, and showing us why we must continue to care. Your jobs require more knowledge, more skill than ever. And the wellbeing of our citizens depends on your success. So as you know, the u. S. Military believes it should never send an officer on a Difficult Mission without proper training. They dont say, as before and correspondence were once told, off you go, youll figure it out. Oh and file before you land. Our journalists are in a fight for their life. And they deserve all of the training and support we can possibly muster to help them cover and ever more complex world. Here is what nps is doing to help. The National Pre
Lets raise a glass to those who keep telling Amazing Stories and we must dont care. Your jobs require more knowledge, more skill than ever, the wellbeing of our itizens depends on your success. So as you know, the u. S. Military believes it should ever send an officer on a Difficult Mission without proper training. Hey dont say, as we foreign correspondents were once told, after you go, youll figure it out. And file before you land. [laughter] are, as mindyists said, in a fight for their life and they deserve all the support we can possibly muster to help them over an ever more complex world. Nps is doing to help. The National Press foundations sole mission is educating d journalists. They launched a direct number of teaching ays in 2019 it tooksts from a to z, reporters on the Pacific Ocean to learn about climate change. Deep dive onters a dementia care. Up on news about vaccines and infectious diseases. How food gets from farm to the table. Looked at flaws and reforms in the criminal
The s p 500 also weaker, down 9 1 2 points, twothirds of one percent. The dow posting a sixday losing streak. Bob, over to you. Reporter the problem is they cant quite decide in the stock market whats going on, but the bond market doesnt seem confused. Putting up the full screen. The Federal Reserve minutes came out this afternoon. The fed is trying to keep its options open. Thats whats going on here. They said theyre split over the taper timing, not over tapering, but the timing of tapering. Thats why a lot of traders expect taper light in september, instead of going from 85 billion to 60, 65 billion, go to 70, 75 billion, and thats where you get the consensus. The dow, take a look at this. The minutes come out. The dow drops 50 points. Then, a few minutes later, it rises 120 points. Then, it reverses and drops 120 points. You make sense of that. Bottom line is, the bond market doesnt seem that confused. Put up the 10year yield. The bond markets been up throughout most of the day. Yie
Fiveday losing streak since december. Now over to kayla who has todays headlines. Goldman sachs technical error caused erroneous options trades yesterday. Many trades may be erased but it could cost upwards of 100 million. They do not face material loss or risk from the issue. Maury tomhr Mary Thompson will join us with more. Jpmorgan is reportedly close to naming two new directors with finance and Risk Management experti expertise. The bank identified the candidates but the board has not yet voted on them. The decision is likely to come next month. Two directors stepped down earlier this summer. Facebook wants to get more people online. It is called internet. Org. The goal is to make Internet Access available to the twothirds of the world who are not yet connected. The groups plans include developing cheaper smartphones and using mobile data more efficiently. Joe . Thank you, kayla. What is 75 of twothirds of the world that the nsa could then watch . What is 75 of twothirds. If we had
It's a tradition that goes back at least as far as the Vietnam War, when CBS edited and reshuffled the content of a TV interview with a US general to make it appear as if he believed that having wars from time to time was a necessary and good thing. CBS, operating in the days of Old Media's de facto monopoly, paid little if any price for its transgression. Someone on the order of a Bill Buckley or Cal Thomas objected, and that was about it. That creative editing was occurring and considered a hallowed right of Old Media during its "good old days" is almost indisputable. As I recall it, several Nixon Administration advisers in the early 1970s whom the networks wished to interview agreed to do so, with but one proviso: The interviews would either be live, or air unedited. My recall is that CBS never followed through on any of these interviews. Readers are welcome to fill in any gaps in yours truly's memory. The practice of "creative interviewing" contin