Not this month. Home Builder Sentiment plunges as the unofficial start to the spring selling season gets under way. Is it a bad time for the Housing Market . We have all that and more tonight on nightly Business Report for tuesday, february 18th. Good evening, everyone, and welcome. Two big stories leading our broadcast tonight. One, disappointing earnings from cocacola after sales in north america lost some of their fizz last quarter. That sent the stock sharply lower. More on the troubles at coke in just a moment. The other big story tonight, a megamerger in pharmaceuticals. Irelandbased generic drugmaker activis agreed to by forrest labs for 25 billion in cash and stock. Come being t combining two of the fastestgrowing specialty drugmakers and possibly a harbinger of more in the health care industry. The ceo spoke today about the changing environment in the industry and the need to control costs. As our environment changes the pharmaceutical space changes, one of the things we know
Whats behind the weak outlook and is it cause for concern . All that and more tonight on nightly Business Report for tuesday, february 11th. Good evening, everybody. Im tyler mathisen. And im sue guererra in for susie gharib. The new fed chairman assures that if the economy continues to gain strength in order to boost the financial system. Traderers certainly liked that. All ten s p sectors rose sending the major averages to their fourthday winning streak this year. The dow closed shy of 16,000 again. The nasdaq up 42 and turning positive for the year. The s p added nearly 20 closing back above the 1800 level again. We have two reports on todays rally. First Hampton Pearson with more on Janet Yellens testimony to lawmakers and then Courtney Reagan with reaction on wall street. We begin with hampton. Reporter in her first report to congress as chairman of the federal reserve, janet yellen said the u. S. Economy would have to take a sharp downturn before Monetary Policymakers would consi
And is it cause for concern . All that and more tonight on nightly Business Report for tuesday, february 11th. Good evening, everybody. Im tyler mathisen. And im sue guererra in for susie gharib. He new fed chairman assures that if the economy continues to gain strength in order to boost the financial system. Traderers certainly liked that. All ten s p sectors rose sending the major averages to their fourthday winning streak this year. The dow closed shy of 16,000 again. The nasdaq up 42 and turning positive for the year. The s p added nearly 20 closing back above the 1800 level again. We have two reports on todays rally. First Hampton Pearson with more on Janet Yellens testimony to lawmakers and then Courtney Reagan with reaction on wall street. We begin with hampton. Reporter in her first report to congress as chairman of the federal reserve, janet yellen said the u. S. Economy would have to take a sharp downturn before Monetary Policymakers would consider halting the reduction of bo
Any Federal Reserve chairman in the postwar period, or at least one of the best about 2 average inflation. So we have worked on both sides of the mandate, and were trying to achieve a stronger economy for everybody. Reporter and for now, at least, markets believe bernanke can keep his inflationfighting streak alive. That is something that is worth pointing out to the critics that say the fed is creating all sorts of inflation pressures. For the moment, there is no evidence of that. He was in very firm territory in making that point. Reporter bernanke was firm in making another point. He called on congress and the president to replace the immediate sequester spending cuts with a more gradual reduction in the deficit. But it doesnt appear anyone in washington is ready to take his advice. Darren gersh, nbr, washington. Tom michael farr is the president of Wealth Management firm farr, miller and washington. He joins us from washington, d. C. Tom lots going on in that building behind you, m
Any Federal Reserve chairman in the postwar period, or at least one of the best about 2 average inflation. So we have worked on both sides of the mandate, and were trying to achieve a stronger economy for everybody. Reporter and for now, at least, markets believe bernanke can keep his inflationfighting streak alive. That is something that is worth pointing out to the critics that say the fed is creating all sorts of inflation pressures. For the moment, there is no evidence of that. He was in very firm territory in making that point. Reporter bernanke was firm in making another point. He called on congress and the president to replace the immediate sequester spending cuts with a more gradual reduction in the deficit. But it doesnt appear anyone in washington is ready to take his advice. Darren gersh, nbr, washington. Tom michael farr is the president of Wealth Management firm farr, miller and washington. He joins us from washington, d. C. Tom lots going on in that building behind you, m