And welcome. We begin tonight with records on wall street. Lots of them. And the woman who made them happen. Blue chip dow index, the s p 500, the small cap russell 2000 make new highs today. The nasdaq has its third highest close ever and it was all because of one person. The Federal Reserve chair janet yellin. In testimony today on capitol hill yellin didnt say too much about future rate hikes but didnt say too little. The markets interpreted as what she did say just enough to keep the door open for a later than mid Year Interest Rate ride. She made it clear the central bank will consider rate hikes on a meeting by meeting basis but she made no promises. With that the Dow Jones Industrial average closed in record territory with a gain of 92 points and 18,209. Nasdaq rose 7 points tenth straight gain there. Its strongest win streak since july 2009 and s p 500 up nearly 6. Yellins comments sent the yield on the tenyear bond back below 2 . Steve liesman with more on todays testimony. Re
We begin tonight with records on wall street. Lots of them. And the woman who made them happen. Blue chip dow index, the s p 500, the small cap russell 2000 make new highs today. The nasdaq has its third highest close ever and it was all because of one person. The Federal Reserve chair janet yellin. In testimony today on capitol hill yellin didnt say too much about future rate hikes but didnt say too little. The markets interpreted as what she did say just enough to keep the door open for a later than mid Year Interest Rate ride. She made it clear the central bank will consider rate hikes on a meeting by meeting basis but she made no promises. With that the Dow Jones Industrial average closed in record territory with a gain of 92 points and 18,209. Nasdaq rose 7 points tenth straight gain there. Its strongest win streak since july 2009 and s p 500 up nearly 6. Yellins comments sent the yield on the tenyear bond back below 2 . Steve liesman with more on todays testimony. Reporter in tes
Wong. And we will start out with a quick check of the weather with Rosemary Rosemary orozco. And it is mostly clear skies. Little bit of patchy fog and because of the clear skies, we are chillier this morning. Morning temps into the afternoon. And we will take a look at what i am expecting for the second half of your day and in the extended forecast. It adopt look too promising. Show you what i mean coming up. Those rain showers she just mentioned left us with wet roads. Light showers started to fall in the bay area yesterday afternoon. That is along with the downpour and we need a lot more. Some people told us. They are happy to see any amount of rain. We need the water for sure. And the harmers and the residents, rosemary will tell us if there is any more rain headed our way. Several agencies may have a secret weapon against droughts. This is millions of gallons of Drinking Water. We are live in San Francisco with how the project would work. Allie . We have al gorgeous sunrise behind
The germany dakotas is up 2 . This, of course, follows big gains that we saw on monday, the last trading day of 2012. Still another story for the markets in asia that were open. But see markets continue to be closed in tokyo where shares dont begin trading again until thursday. In china, the shanghai was also closed. In new zealand, that market is closed. You can see the hang seng was up by 2. 9 almost. Bombay and australia also trading higher. At this point, we are beginning to see the u. S. Equity futures, as well. Lets look, and youll see the dow future up by 148 points. No surprise after what we saw around the globe with some market already trading higher. But most markets seeing this as a relief that something got passed, that you are not going to see much higher taxes kicking in on americans making less than 400,000. You will not see the immediate spending impacts. What the markets think longer term is still in question. Again, the dow futures which just began trading are up by 1
Mother trying to figure out what to do and what she will do if congress does, in fact, not act. Our team of correspondents is covering all of this for us. But i want to start with president elect joe biden and his Team Moving Forward on policy and cabinet picks. Ali, good to talk to you this afternoon. Thanks for joining us on this. Lets talk about the latest announcement from joe bidens camp and the possibility of some of these picks hes going to be announcing this coming week. Talk us through what we know so far. Reporter it seems like the day is going to be tuesday, Incoming White House chief of staff ron klain saying this morning on one of the sunday shows that thats the day that joe biden is going to start announcing some of his picks for the cabinet. We had been anticipating this as names started swirling, but now weve heard that the day for those picks is going to be tuesday. No word yet on what agency heads were going to hear, but certainly a lot of speculation mounting now at