The hearing will come to order. It isored to impossible to ignore the public outcry with incidents that have involved passengers, as recently as yesterday. One of the most widely reported was that chicago would united flight 3411. And lots of lessons to be learned and im sure well hear what those lessons learned, both with the airport and the airline and the industry, are today. In looking at what happened, i, along with and senator nelson, really sent an immediate letter, and that said the last thing paying Airline Customer should expect is to be physically taken off an airline. The purpose of the hearing is to follow up on the letters we sent , the responses we got, and to find out what went wrong and how to make sure this doesnt happen in the future. This is a year when faa reauthorization needs to occur between now and september 30. And part of this hearing is to determine whats going to be taken care of without the congress and what needs to be taken care of in the federal law its
Announcer this is nightly Business Report with Tyler Mathisen and sue herera. Retail wreck. Will this earnings season be the sectors worst in nearly a decade . Staying focused. The markets brushed off the firing of the fbi director, and stocks are oddly calm. Why . And what moves if any should investors like you make . Modern medicine. How Artificial Intelligence could one day predict what diseases we might get. Those stories and more tonight on nightly Business Report for wednesday, may 10th. Good evening, everyone, and welcome. The talk in washington and on wall street was about yesterdays firing of fbi director james comey. More on that in a moment, but we begin tonight with retail. Some say the industry now faces its biggest challenge since the great recession. And as the sector gets set to report earnings, investors are preparing for the worst. Weve already seen a growing number of retailers file for bankruptcy. And if the pace keeps up, this year could see highest number of such
Reports on the state of the Russian Investigation and timing of james comey getting fired. As the president himself is speaking out with new details in defense of comeys firing. What we know about that now. Obamacare in freefall. One of the nations Largest Health insurers quitting entirely, all the health exchanges, all over the country by next year. I was one of those states and iowa senator chairman of the Judiciary Committee, Chuck Grassley among our guests this hour, will respond democrats claims that republicans are now to blame. Melissa dow lower for Third Straight day. It is negative or the week to snap a threeweek winning streak. Ashley webster on the floor of the new york stock exchange, watching a sector get hit especially hard today. Ashley . Ashley melissa, the retail ice age we talk about it all the time, the Big Retail Stores struggling against the online juggernaut that is amazon. Check out macys, down 17 on news samestore sales for macys down 5. 2 yearoveryear. So on an
One of the most widely reported incidents of course was at chicago with united flight 3411 and lots of lessons to be learned and im sure were going to hear what some of those Lessons Learned both with the airport and the airline and the industry are today. In looking at what happened, Sarah Cantwell along with senator nelson sent an meddler and that letter said the last thing a paying Airline Customer should expect is to be physically taken off an airline and the purpose of todays hearing is to follow up on the letters we sent, the responses we got, and really to find out what went wrong and what are we going to do to be sure that doesnt happen in the future. This is a year where faa reauthorization needs to occur between now and december 30th and part of this hearing is to determine what needs to be taken care of without the congress and what needs to be taken care of in the law itself. Im going to turn to senator cantwell for her opening comments. Thank you, mr. Chairman. Before i st
News out of baltimore. A massive house fire with six children unaccounted for. Three other children and their mother were pulled out of the home. They are all in either serious or Critical Condition. Brandnew this morning, maryland representative Elijah Cummings says the woman works for him. He released a statement saying my staff is a family and this unimaginable tragedy is shocking and heartbreaking to us all. Jennifer fran yotty has the latest from the scene. Reporter here in northeast baltimore fire officials have just confirmed the nine children involved in the overnight fire are from the same family. As i step out of the way, you can see this home that caught fire after 12 30 last night here in the northeast section of town. Four people were outside of the home when firefighters arrived. An adult female and three children. They have confirmed its a mom and her three children taken to the hospital. Two of those children now in also in Critical Condition and six children this morni