Ncht this is nightly Business Report with Tyler Mathisen and sue herera. I consider it appropriate to the committee to proceed cautiously in adjusting policy. The chair has the floor. The Federal Reserve janet yellen in major speech tells investors and her feds colleagues to chill the hot talk about higher Interest Rates. Controlling the pain. The white house out lines new initiatives and new money to fight the growing epidemic of Prescription Drug abuse. Tax tips. Whether youre a newlywed or just retired, your finances are changing and so will your annual return to uncle sam. All that and more tonight on nightly Business Report for tuesday, march 29th. Good evening. Welcome. The chair of the Federal Reserve meant what she said. The central bank will move carefully and cautiously when determining when to raise Interest Rates. Janet yellen cited a weak Global Economy. The dow gained 90 points. The highest close of the year. The nasdaq added 79 and the s p 500 rose 17. Miss yellens tone
Years and they plan to slash jobs in cutting their workforce following a net loss of 1. 9 billion. Netflix said the company will talk to a Chinese Media group. Stephanie blues legend bb king has died. Best known for his kids for his hits we angel, died at his home in las vegas. He was 89 years old. Erik may he rest in peace. More headlines for you this morning in nepal. U. S. Marines confirmed that the wreckage of the missing helicopter has been found. The helicopter disappeared earlier this week on an earthquake Relief Mission carried six soldiers and two men from soldiers from nepal. The video earlier in the week shows at least one of those marines delivering food and other supplies to earthquake victims. A judge may have to decide how much many victims get from the amtrak derailment in philadelphia. Federal law caps on total rail damages at 200 million dollars. Eight people were killed and more than 200 injured. Investigators say that in the next few days, they may get answers to th
Day is in store for the afternoon. The highs for granted to the lows 60s to the upper 60s inland. Clear skies in the 50s by 8 00 p. M. I will have a full detail what to expect coming up. There is good new is because were not tracking any hot spots. The ride on highway 4, concord out of antioch you are looking at about 27 men spirit it looks a slow but a typical drive time for this hour is about 41 minutes for a little ahead of schedule. We are looking at is slow ride on 680 into 42. Still tracking delays for the south bay on 1 01 northbound because we have had two separate accident but the drive time is starting to look much like a normal drive. New clashes today between police and protesters in the ukraine, the just declared a truce has been broken. Were just getting word there protesters have captured 67 Police Officers and the death toll now stands at 67 protesters overnight, with three Police Officers being killed. You can see the heavy smoke that is coming from this burning barric
Pedaling. They said if there is a too prolonged period of low inflation rates, it will also consider unconventional instruments. And back in fashion, shares of luxury sales beat in the First Quarter. The best Clothing Sales were posted in three years. Youre watching Worldwide Exchange, bringing you Business News from around the globe. Welcome to todays program. To the trade here in europe, 82 advancers currently out pacing decliners. It seems more dovish than we might have thought because they didnt talk about the time line between the end of qe and when rates were going up. Now appears that janet yellen saying six months was an off the cuff remark when they talked about a considerable time period between the two events. Thats helped u. S. Equities up, asian equities up, despite chinas export data was down for the second time in march. The ftse yesterday was up 44 points, up another 49 this morning. 0. 75 higher as is the xetra dax, the cac up as well as the italian market up as well.
Shareholders. The network equipmentmaker says its going to hand 3 billion back to investors after a strong First Quarter. Its also unveiled a new ceo. Youre watching worldwide exchange, bringing you Business News from around the globe. And a warm welcome to todays edition of worldwide exchange. Well kick off with more earnings and the oil sector as wel well. Bp upped its dividend for the first time in six months despite the impact of the crisis in ukraine and on its business. The results come less than a day after the ceo of bps russian partn partner, rosneft was issued sanctions. Sales to europe were up 15 last year. Russias top natural gas producer says any expansion of western Bank Sanctions could lead to adverse consequences and shares in the company. The kremlin meanwhile denounced a decision by the eu and u. S. To ramp up sanctions. Seven individuals targeted by the white house. 17 companies have also been hit. And within the last hour, the eu has followed the states and expanded