This year. Wrapping up a twoday policy meeting and speaking at a News Conference in washington, yellen insured investors the u. S. Economy is doing well enough for the fed to make further cuts but not Strong Enough to seek consistent Growth Without the Central Banks help. Investors loved hearing that, and stocks took off. The s p 500 index closed at a new record high of 19. 57, the dow, which was in the red before the fed announcement at 2 00 p. M. Eastern time shot up almost 100 points and the nasdaq rose to 25 points. Steve liesman was at that News Conference and has more on what yellen said and what it means for the economy. Reporter was it an upgrade or a downgrade . For the fed today and the u. S. Economy, it was actually a bit of both. The Federal Reserve upgraded the u. S. Economy in the Statement Today saying it was rebounding from the severe Winter Weather swoon. At the same time because of the economys contraction, in the first quarter, much stronger than expected, the fed ha
Near zero through the end of this year. Wrapping up a twoday policy meeting and speaking at a News Conference in washington, yellen insured investors the u. S. Economy is doing well enough for the fed to make further cuts but not Strong Enough to seek consistent Growth Without the Central Banks help. Investors loved hearing that, and stocks took off. The s p 500 index closed at a new record high of 19. 57, the dow, which was in the red before the fed announcement at 2 00 p. M. Eastern time shot up almost 100 points and the nasdaq rose to 25 points. Steve liesman was at that News Conference and has more on what yellen said and what it means for the economy. Reporter was it an upgrade or a downgrade . For the fed today and the u. S. Economy, it was actually a bit of both. The Federal Reserve upgraded the u. S. Economy in the Statement Today saying it was rebounding from the severe Winter Weather swoon. At the same time because of the economys contraction, in the first quarter, much stron
Reporter where were you ultimately trying to end up . Africa. Reporter why africa . Because my mom is there. Reporter yahye says he was spruced how easy it was surprised how easy it was to stow away, just hop a 6foot fence and no guards. He spent several hours in the plane before it took off. He has been living with a foster family. Is he choosing not to live with his own family right now . Reporter he tells me that that is his choice. He says he doesnt want to go back to that house he ran away from. He hasnt been there since he returned from hawaii. He did say that he just saw his father yesterday. Yahye is also close to his younger brother. Today he saw him for the First Time Since come back and he might not see him for some time. Yahye plans to move to minnesota to live with a relative. Reporter how do you feel about leaving california, leaving your brother, your sisters . Your dad . [ pause ] its kind of hard. Hm. Just a young kid. I mean, he has been through a lot. Reporter he doe
Despite the guilty plea. It assures shareholders that it has enough cash to pay the fine. Former french president Nicolas Sarkozy, is he paying for questions over allegations over misuse of power. The ukrainian president calls for a ceasefire against the pro russian rebels. Display youre watching worldwide exchange, bringing you Business News from around the globe. A warm welcome. We had european pmis out this morning. Weve now got the complete eurozone manufacturing pmi coming in at 51. 8. The forecast 51. 9, so pretty much in line with expectations. Giving you a brder picture there. So just a slight softening there as far as the pmi readings are concerned. A quick recap, german manufacturing growing at its weakest rates in six months. Weve had the french Manufacturing Activity shrinking this time at the fastest pace in six months. But the spanish activity was a stand out performer dproeg at the fastest pace in seven years. This is the broader picture that weve got. We were expecting
Meeting and speaking at a News Conference in washington, yellen insured investors the u. S. Economy is doing well enough for the fed to make further cuts but not Strong Enough to seek consistent Growth Without the Central Banks help. Investors loved hearing that, and stocks took off. The s p 500 index closed at a new record high of 19. 57, the dow, which was in the red before the fed announcement at 2 00 p. M. Eastern time shot up almost 100 points and the nasdaq rose to 25 points. Steve liesman was at that News Conference and has more on what yellen said and what it means for the economy. Reporter was it an upgrade or a downgrade . For the fed today and the u. S. Economy, it was actually a bit of both. The Federal Reserve upgraded the u. S. Economy in the Statement Today saying it was rebounding from the severe Winter Weather swoon. At the same time because of the economys contraction, in the first quarter, much stronger than expected, the fed had to downgrade its forecast for the ful