Now to the state of the u. S. Economy. Janet yellin getting grilled by lawmakers up on capitol hill. Stocks seem to like what they heard. Investors in stocks. Stocks have no mind in and of themselves. Its the investors who move it. But the investors like what they heard initially. Our senior economic reporter Steve Liesman has the details. Hi, steve. Tyler, thank you. Fed chair janet yellin giving no hint at the first feds first rate hike in nine years is imminent or that its not coming. The only definitive statement on the outlook for Monetary Policy is that it depends on the Economic Data and as long as that word patient is in the statement, there wont be a rite rate hike for at least two meetings. The fomcs assessment that it can be patient beginning to normalize policy means that the Committee Considers it unlikely that Economic Conditions will warrant an increase in the target range for the federal funds rate for at least the next couple of fomc meetings. As tyler said the fixed i
Two if by sea. Jane wells covering the problems out at the ports. She is live between the ports of l. A. And long beach, and, diana olich is on the land. Surf and turf here. Shes on the land in washington. Interest rates rising. Home Sales Numbers not. Diana, youre first. Well tyler, look spring housing is not getting off to the best start. Higher Interest Rates in a pitful supply of homes for sale are squeezing potential buyers. Now, Weekly Mortgage applications showed just how sensitive todays buyers are. Rates rose to their highest levels since early january. 30year fixed at 3. 93 . Its still under 4 . Even at that historically low level, applications to purchase a home dropped 7 for the week. They are barely 1 higher than one year ago. Rates moved even higher where heed. Does that mean real cash money . Well a borrower taking out a 200,000 mortgage today would have to pay just 42 more a month than they would have if they had bought on january 1st. Now, that might seem like chump ch
John kerry has met with protest leaders from ukraine today saying that the u. S. Support what he calls their fight for democracy. Tense tens of thousands of ukranians are demonstrating across the country. The battle puts the u. S. And russia on opposing sides. Jennifer glasse has been following the story and joins us live from kiev. So far what has come out of oppositions meeting with secretary kerry . As you can probably hear behind me, demonstrations go on day and night, 24 hours. Music playing right now. In munich, the opposition leaders got the kind of rhetoric they wanted from the u. S. Secretary of state. And european leaders. They want support. But they say they want concrete support. And one of the leaders said the problems the reasons are clear. He places the blame firmly on the president. Just one person who is responsible for all escalation, who can easily stop the escalation, is the person the president of ukraine. You have absolute power in his hand. And he has absolutely
And i see five hands up. Its one quarter. A former pro Football Player seeking a new and experimental treatment to heal a career of concussions. Good morning to you, welcome to Al Jazeera America. Im Morgan Radford live from new york city. New Jersey Governor Chris Christie on the hot seat once again, new revelations into the bridge gait controversy that indicated that Chris Christie knew what was going on. In september Port Authority appointee ordered the closure of lanes heading to fort lee. The towns mayor said it was retribution for not endorsing the election bit. Chris christie denied knowledge of the traffic study. In December David wildstein resigned and had to testify before the state assembly. Chris christie issued a policy after emails revealed that the lane closures were political pay back. David wildsteins lawyer says he has proof that Chris Christie knew about it. Its the eve of the super bo bowl, the first in new jersey. The timing couldnt be worst for Chris Christie. Of
Scrambling to control the damage there. Craiftie apologizes for the lain closure, which were political pay back and fired a top aide yesterday. India has asked an American Embassy authority to leave. Arrested in new york city last month. She returned to new delhi this morning despite facing charges in United States including visa fraud. Ill see you here at 11, 8 pacific, consider this with antonio mora is next. Remember can you get the latest on aljazeera. Com. Chris christies hope to escape scandal hit another roadblock. About 2,000 pages of documents that could bury his former aids. Weighing in on everything from christie to north korea. How thousands of members of one rap group as a gang . Hello im antonio mora and welcome to consider this. We begin with an avalanche of new documents that appears an elaborate political coverup of individuals loyal to Chris Christie. Christie flew to florida over a political trip but the scandal over the bridge is clearly not going away. New jersey l