The newest member says the company is designed to win but does it have the right strategy to stay a step ahead of the rivals . That and more for nightly Business Report for wednesday, october 9th. Good evening everyone im tyler mathisen. Im sue herrera in for susie gharib tonight. A historic day for washington and the u. S. Economy, as expected president obama nominated janet yellen currently vice chairman of the Federal Reserve to head up the nations bank. If her nomination passes in the senate and its likely to, shes expected to continue the easy money bond buying by ben bernanke and thats what people on wall street want who is janet yellen . Whats her record for the fed . Does her appointment mean for your money . Steve liesman takes a closer look at the woman who would be chairman. Reporter president obama in a historic announcement nominated janet yellen to become the first female of the reserve putting an economist in the hot seat at one of most controversial moments in the 100ye
Josh, or is there a timing element here because you wonder what is going on, why stocks are getting hit at this point . Its interesting. I was talking to traders today and some of them said listen, if you were concerned about this shutdown, if you were worried about the shutdown, if it had gone on longer than you anticipated, then why not trim some of those gains and some of these high flying stocks moved to the sideline until you see resolution or clarity about what will happen next inside the beltway. Josh, obviously, washington is the trump card but earnings are very poet tant, as well. Sure, alcoa informally kicking off the earning season. If youre a bull then youre wagering you will see, tyler, some resolution in d. C. And also, youll get a positive earning season, that you will get better than expected data points for traders, investors and analysts to look over and provide hopefully the next positive catalyst for the stock market, guys . Josh lipton reporting from Silicon Valley
And football, we will talk some football, baby. Connell auburn, alabama. Dagen have to hate alabama. Connell all that coming up. The market, drones, you name it. Dagen can be discussed Nicole Petallides for this with what is moving today, nicole. Nicole eight straight gains. We are looking at the dow in particular, that has been up over 3 . 16,060, so it is down 26 points. The nasdaq and the ssp have up arrows barely squeezing out some gains at the moment. We got in some data which helped to trim the losses, but the trading range remains very narrow. In a 55 points, but wanted to take a look quickly at some names hitting 52week highs. Names you know including microsoft, nike and american express. Nike the best performer of the three up about 60 , but as regards the holidays is fun to look at some of these movers and some making new highs. Connell the Obama Administration say it met its goal of a healthcare. Gov work for the majority of users, but the problem is some of these Insurance
That and more for nightly Business Report for wednesday, october 9th. Good evening everyone im tyler mathisen. Im sue herrera in for susie gharib tonight. A historic day for washington and the u. S. Economy, as expected president obama nominated janet yellen currently vice chairman of the Federal Reserve to head up the nations bank. If her nomination passes in the senate and its likely to, shes expected to continue the easy money bond buying by ben bernanke and thats what people on wall street want who is janet yellen . Whats her record for the fed . Does her appointment mean for your money . Steve liesman takes a closer look at the woman who would be chairman. Reporter president obama in a historic announcement nominated janet yellen to become the first female of the reserve putting an economist in the hot seat at one of most controversial moments in the 100year history. Yellen called for unity among a fed divided to continue extraordinary and controversial policies. The fed has power
That and more for nightly Business Report for wednesday, october 9th. Good evening everyone im tyler mathisen. Im sue herrera in for susie gharib tonight. A historic day for washington and the u. S. Economy, as expected president obama nominated janet yellen currently vice chairman of the Federal Reserve to head up the nations bank. If her nomination passes in the senate and its likely to, shes expected to continue the easy money bond buying by ben bernanke and thats what people on wall street want who is janet yellen . Whats her record for the fed . Does her appointment mean for your money . Steve liesman takes a closer look at the woman who would be chairman. Reporter president obama in a historic announcement nominated janet yellen to become the first female of the reserve putting an economist in the hot seat at one of most controversial moments in the 100year history. Yellen called for unity among a fed divided to continue extraordinary and controversial policies. The fed has power