Melissa steep selloff, owe blight rating the years biggest rally. The dow plunging 300 points before cutting those losses. All major indices down well, more than 1 1 2 . 1 and 3 4 . We have dan shaffer of schaefer asset management. Charlie, this is one of the selloffs, nobody can agree what it is. Im not saying get out of it because i dont believe you should get out of it now. It is artificially inflated by the fed and when you have little sort of hint coming out of the fed they may raise rates. There was something of that nature today, one of the fed governors, someone weighed in, i cant remember which one. One of the hawks. Melissa usual nonsense. The market trades off, off 300 points. I will say this, this shows you why inflating a market based on printing money is really bad for the general public. The average american should not be worried about every single thing that comes out of the fed. Should be worried about, is the economy improving . Is corporate profits up . They should n
Defensive end call him the night of an alleged Domestic Violence incident. Vic lee has the new details that have raised new question if the case. Story only on abc 7 news. Fiance dating her at this address. Dispatch call that sent police yawnts over to ray mcdonald home. But another cop responded first. 7 news reported last week that the San Jose Police officer is Sergeant Shawn pritchard and that he also work security at fortyniner games. Sources in the Police Department told us he went to ray mcdonald home after the fortyniner defensive end called him the night a 911 call was made. We have now learned that pritchard was on duty that night. That he had worked at security job earlier in the day here at the sprawling santana row complex. Sources say he went to the regular job at the Police Department. Changed in his uniform and was doing paperwork at his desk. Thats when the same sources say he got the call from mcdonald that he got into his police car and rushed offer to his home. The
Their profits get pinched . That and more tonight on nightly Business Report for wednesday, october 8th. Good evening, everyone. Well, call it a come back rally or maybe a janet yellen rally. Whatever you call it, stocks had the best session of the year. The major averages surged after minutes from the Federal Reserves latest meeting show the central bankers will be quote overly cautious about raising Interest Rates. They sited concerns about weakness in the Global Economy and impact of a stronger u. S. Dollar, especially on inflation. Investors bought up stocks, reassured that the fed is committed to keeping rates low until its convinced the u. S. Economy has completely healed. The dow shot up 275 points, erasing all of tuesdays losses. The nasdaq rose 83, the s p soared 3 three points. Steve liesman has more. Reporter places like france and germany is being health here at the Federal Reserve washington Head Quarters and that could have an effect on Interest Rates. The fed in the minu
That and more tonight on nightly Business Report for wednesday, october 8th. Good evening, everyone. Well, call it a come back rally or maybe a janet yellen rally. Whatever you call it, stocks had the best session of the year. The major averages surged after minutes from the Federal Reserves latest meeting show the central bankers will be quote overly cautious about raising Interest Rates. They sited concerns about weakness in the Global Economy and impact of a stronger u. S. Dollar, especially on inflation. Investors bought up stocks, reassured that the fed is committed to keeping rates low until its convinced the u. S. Economy has completely healed. The dow shot up 275 points, erasing all of tuesdays losses. The nasdaq rose 83, the s p soared 3 three points. Steve liesman has more. Reporter places like france and germany is being health here at the Federal Reserve washington Head Quarters and that could have an effect on Interest Rates. The fed in the minutes from the september meeti
That and more tonight on nightly Business Report for wednesday, october 8th. Good evening, everyone. Well, call it a come back rally or maybe a janet yellen rally. Whatever you call it, stocks had the best session of the year. The major averages surged after minutes from the Federal Reserves latest meeting show the central bankers will be quote overly cautious about raising Interest Rates. They sited concerns about weakness in the Global Economy and impact of a stronger u. S. Dollar, especially on inflation. Investors bought up stocks, reassured that the fed is committed to keeping rates low until its convinced the u. S. Economy has completely healed. The dow shot up 275 points, erasing all of tuesdays losses. The nasdaq rose 83, the s p soared 3 three points. Steve liesman has more. Reporter places like france and germany is being health here at the Federal Reserve washington Head Quarters and that could have an effect on Interest Rates. The fed in the minutes from the september meeti