Welcome to al jazerra america, i am stephanie sy. It is considered one of the most influential jobs in the world. On wednesday, president obama is expecting to no, maam made januarjanet yellen to prelace bn bernanke as head of the federal reserve. Yellen is taking over at a pivotal time for the economy mad the banking industry. Kimberly reports. Reporter running the central Banking System in the United States is one of the most powerful jobs in the world. And the person in charge can directly affect the wallets of every american and the global economy. Good afternoon. Reporter the fed chief is, s the chair is sometimes called sets the price of borrowing money, directly spurring Economic Growth or curbs inflation, the chair also controls the supply of u. S. Money in the world economy. By buying and selling u. S. Treasury securities. President obama has announced he will nominate janet yellen for the job. The current head of the u. S. Central bank, ben bernanke steps down at the end of j
Continuing his policies. Yellen is expected to be confirmed by the senate, although she has her critics on capitol hill. Senator corker will be our special guests coming up at 8 00 a. M. Eastern time. The other major story out of washington, it is day night of the Government Shutdown. President obama and Speaker Boehner trading words once again yesterday. A very briefly phone call where they basically figured out they had nothing to say to each other. The uncertainty was enough to send stocks down about 160 points for the dow industrials. Futures are indicating a bit of a bounceback. Do i dow features up by about 48 points. We will see what happens as we get into the trading day. It is the very shortterm treasuries that people have been watching very closely. Were going to talk more about this with mark a little later this hour. Andrew. Thank you. On this very topic, a number of individuals in countries and organizations continue to speak out about the situation in washington. The bank
The body. There are a lot of things strange about this case. I dont have to tell you that finding a dead body is strange. That discovery was made at 10 00 this morning. An employee found a womans body outside an emergency door on the hospitals fourth floor. Her body was on an outside stairwell. But its unclear if she fell or how exactly she died. The spokesman for the family of a missing woman is still looking for answers. Im sure that the people are working very hard to find out what happened, why it happened, and make sure it doesnt happen again. Lynn spalding was battling an infection when she checked into the hospital. Two days later, a nurse checked on her and she was fine. When the nurse checked back at 10 30, scalding was gone. Lynn reported feeling disoriented. They searched the entire medical center. Friends and neighbors set up a facebook page, but never found her. Perry says lynns daughter got a call earlier today telling her that the body had been found, but tonight the cor
Is factoring and janet yellen taking over the role. They are focusing a lot more on what is coming from the washington. Today we get fed minutes. Just wanted to take a look at some names that are under pressure. Some of them social media type stock. When you look at the group, when you talk to the pros, they just say that this is some pulling back on some great runs. Tesla is up nearly 400 . There is some profit with the uncertainty. Lori you can certainly see that. Thank you, nicole. Adam lets talk about earnings. What is making the s p iq so bullish . Christine shortt is with us. Why are you so bullish right now . The analysts giving a 3 , you know, expectation for the third quarter. As we know, as we head closer to an earnings season, analysts to lower their estimates. We are looking for 6 . 3 has come down quite a bit. Adam we are still talking about earnings per share on average of 26. 92. It has come down a little bit. 26. 84. Right now we are a little lower than the highest we h
Ballroom on an emotional dancing with the stars. Why she doesnt regret a moment. And her message this morning, she will never quit. Were with her on the dance floor. And good morning, america. Some news just coming in this tuesday morning. More fallout from the terror raids in africa. The Libyan Government is very angry. Theyre calling in the u. S. Ambassador for a grilling about that special forces operation, to capture one of the most wanted men in the world, right there, anas al libi. So much tension right now. And more than 1,000 students up bright and early, to celebrate. They are our second Finalist High School in our huge katy perry live event. High schools all across the country submitting their roar videos for a chance to have katy perry perform live at their school on october 25th. Well reveal all of them this week. And theyre up. Theyre theyre going to be great in class today. Pretty good high school. Look at this. Were going to get to that in a little bit. Right now, lets s