Not just here in the u. S. But around the globe. The dough jones industrial average suffered a 332 point loss to close at 17,662. Its second worst day of the year. The gains of the year so far, gone. The nasdaq off 82. The s p 500 dropping 35. Those declines amounted to 1. 7 or more. Big part of the problem today, the strengthening dollar. The greenback rising 1. 1 to a 12 year high against the euro and theres a powerful force driving the dollars dramatic move. Diverting Central Bank Policy as the u. S. Economy strengthens, the Federal Reserve is expected to hike rates as soon as june. That pulls investment slows into the u. S. Other way. Buying bonds, flooding the market with euros, thereby devaluing the currency with stimulating europes economy. Thats the mechanism. And the dollar isnt just rallying against the euro. Its seeing strong gains against a handful of other major currencies including the yen, the pound, the swiss frank and the russian ruble. More with bob pisani. Reporter t
Call it 50 shades of ugly. Not just here in the u. S. But around the globe. The dough jones industrial average suffered a 332 point loss to close at 17,662. Its second worst day of the year. The gains of the year so far, gone. The nasdaq off 82. The s p 500 dropping 35. Those declines amounted to 1. 7 or more. Big part of the problem today, the strengthening dollar. The greenback rising 1. 1 to a 12 year high against the euro and theres a powerful force driving the dollars dramatic move. Diverting Central Bank Policy as the u. S. Economy strengthens, the Federal Reserve is expected to hike rates as soon as june. That pulls investment slows into the u. S. Other way. Buying bonds, flooding the market with euros, thereby devaluing the currency with stimulating europes economy. Thats the mechanism. And the dollar isnt just rallying against the euro. Its seeing strong gains against a handful of other major currencies including the yen, the pound, the swiss frank and the russian ruble. More
Call it 50 shades of ugly. Not just here in the u. S. But around the globe. The dough jones industrial average suffered a 332 point loss to close at 17,662. Its second worst day of the year. The gains of the year so far, gone. The nasdaq off 82. The s p 500 dropping 35. Those declines amounted to 1. 7 or more. Big part of the problem today, the strengthening dollar. The greenback rising 1. 1 to a 12 year high against the euro and theres a powerful force driving the dollars dramatic move. Diverting Central Bank Policy as the u. S. Economy strengthens, the Federal Reserve is expected to hike rates as soon as june. That pulls investment slows into the u. S. Other way. Buying bonds, flooding the market with euros, thereby devaluing the currency with stimulating europes economy. Thats the mechanism. And the dollar isnt just rallying against the euro. Its seeing strong gains against a handful of other major currencies including the yen, the pound, the swiss frank and the russian ruble. More
Headquarters in new york, this is nbc nightly news. Reporting tonight, lester holt. Good evening and thanks for being with us. One was loaded with passengers and flying into the teeth of a snowstorm and nearly into icy waters. The other flown by a world famous movie star who nearly crashed into a row of homes. Two plane accidents, both skirting the edge of disaster and still getting a lot of attention tonight for all the questions they raise about our safety. Well get to the Harrison Ford crash in a moment, but we begin with new information about that Delta Airlines plane that slid off the runway at new Yorks Laguardia airport yesterday. And theres new focus on the airport itself and whether it was safe to fly at the time. Tom costello remains on that story for us tonight. Reporter inside a hangar at laguardia airport, the Delta Airlines jet that went off runway 13 in a snowstorm yesterday morning. Its nose ripped off, the left fuel tank ruptured. Overnight port authori used cranes to
Internal Revenue Service scandal worriesenning for the obama white house. The top irs obamacare official testified in front of the House Oversight committee and when asked whether they discussed confidential taxpayer information with senior white house officials and presented with emails that contain language to precisely that effect, she could say only she could not remember. The committee revealed emails from 2012 that shows Sarah Hall Ingram trying to council the white house on lawsuits related to the obamacare contraception mandates and into the emails, confidential information appears to be revealed and shared. Fox news chief national are correspondents jim angle has our report. The hearing put the agency under a microscope. 18 new taxes expected to raise 1 trillion over the next ten yeers in a program that will cost many times that with other taxpayers cost. Sarah hall ingram was in charge of tax exempt determines nations though she left in 2010. There were many questions about t