Gunman apologizes for her sons horrific crimes. We begin with with the decision that shocked wall street. Stocks closed at record high this is afternoon. Justice as the Federal Reserve revealed it was not going to cut back on the billions of dollars it pumps into the economy. Before the announcement the dow jones was down 40 points and then rallied close up to 147 points. We have more on the feds decision. Reporter wall street was bracing for the Federal Reserve to start reining in its 80 million a month bond buying program. When it didnt, it propelled the dow to a record close. Wall street celebrated the outlook for main street was not as cheerful. The fed stimulus progra props ue economy by buyin. Ben bernanke cited reduced deficit spending. To say that the job market has improved does not imply that the conditions satisfactory. Higher Mortgage Rates also convinced the fed to keep up the pace of bond buying. Siwith wednesday announcements the analysts say that consumers can look forw
Weren buffett. Hell be joining us with carol lumis. Lets get over to andrew, he has this mornings other top headlines. Good morning to you, becky. The Obama Administration saying that chinas currency remains significantly undervalued, but the u. S. Treasury department is now stopping short of labeling the worlds second biggest economy a currency manipulator. The white house is expected now to send the congress a multibilliondollar request on the recovery from Superstorm Sandy. The storm caused an estimated 71 billion in damages in new york and new jersey, and some congressional aides saying the request for funding would likely be at least 11 billion. The move comes as canada gets close to its decision on whether to approve the transaction. The Energy Companies say discussions with the committee are still in progress, and of course they had to file approval because they have extensive operations in the u. S. Gulf of mexico. The wall street journal reporting that virtue is emerging as th
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