Yellen said that the central bank is in no rush to raise interest rates. And that powered a stock market rally around the globe continuing today. And resulted in the dow industrials gaining 83 points to 17716. The nasdaq added 22 and the s p 500 rose nearly 9. The president of the chicago fed agrees with the fed chair. In an interview today, Charles Evans said a rate hike in april would be surprising. I think chair yellen laid out all the right issues, you know, coming out of december going into the march fomc, risk factors increased a bit, financial volatility, things settled down a bit. I think global risk is higher. The median is for two hikes this year. If the data come in the way were expecting. If they come in stronger, everybody would adjust upwards. Evans added the potentially moving in june that decision would be made on the basis of further improvement in the labor market but emphasized he didnt want to get ahead of himself. And there was more evidence today the job market is
Bank is in no rush to raise interest rates. And that powered a stock market rally around the globe continuing today. And resulted in the dow industrials gaining 83 points to 17716. The nasdaq added 22 and the s p 500 rose nearly 9. The president of the chicago fed agrees with the fed chair. In an interview today, Charles Evans said a rate hike in april would be surprising. I think chair yellen laid out all the right issues, you know, coming out of december going into the march fomc, risk factors increased a bit, financial volatility, things settled down a bit. I think global risk is higher. The median is for two hikes this year. If the data come in the way were expecting. If they come in stronger, everybody would adjust upwards. Evans added the potentially moving in june that decision would be made on the basis of further improvement in the labor market but emphasized he didnt want to get ahead of himself. And there was more evidence today the job market is strengthening. Private compa
Responders were being assisted at the scene by the state police bomb squad, by employees from the state Fire Marshals Office and we know that osha has been called in as well. Some pretty dramatic moments now. At Lawrence General Hospital we know there was a decontamination effort going on there as well. Basically what that means is because theyre not clear of exactly what the chemicals were involved here, they basically had to decontaminate not only the victims but firefighters who responded to the scene as well. According to the state fire marshal one of the things that theyre doing here is they have to assess the damage done to the building here before anyone can get inside. To determine in the laboratory what these chemicals were that actually came in contact with each other that caused the Chemical Reaction earlier this afternoon. Again the area remains sealed off right now. You can see a lot of Emergency Personnel on the scene. Obviously right now, officials trying to figure out w
I had personal reasons for being interested in bill cosby, but as a journalist i was also fascinated by him as sort of a figure in our cultural and social history. Not only as a pioneer, somebody who opened doors again and again, really the first comedian to not be labeled just a negro comedian. The first star of africanamerican star of primetime television. Pioneer of childrens television, with his early guest appearances on sesame street and the electric company, and then fat albert. Most successful, if you all remember advertising, pitchman in the country, in the 70s and 80s, jello ads and cocacola and ford and so forth and that was before the cosby show. But then, as you all know, in the last after a career where he did not bring race and politics into his comedy, and onwas criticized for that, in the last ten years he has become very outspoken and controversial for strong stances he has taken in the black community that he sees as destructive. I wanted to know, where did this come
Economy. In china maybe 80 , 100 the size of the american economy, the question is whether they are going to grow 9 , 5 . That is a much bigger question with more consequence to growth in the world, incremental gdp in the world. To make this clear, any time somebody is growing in the world, its good for everybody in the world. Obviously, its great in the country which growth is occurring. That incremental growth results in incremental demand which will draw support exports by other players, as well. Companies are sitting on a lot of cash. What are they doing . They are pursuing buybacks. How are we supposed to think about buybacks . Are they a good thing or bad thing . Or propping up the stock market . People are making decisions incrementally whether its better to invest in returns are better to augment your business. Sometimes its sensible. To take the predicate of your question, i dont think thats all companies are doing. By the way, efficiency sometimes can be the enemy of maximizi