Near zero through the end of this year. Wrapping up a twoday policy meeting and speaking at a News Conference in washington, yellen insured investors the u. S. Economy is doing well enough for the fed to make further cuts but not Strong Enough to seek consistent Growth Without the Central Banks help. Investors loved hearing that, and stocks took off. The s p 500 index closed at a new record high of 19. 57, the dow, which was in the red before the fed announcement at 2 00 p. M. Eastern time shot up almost 100 points and the nasdaq rose to 25 points. Steve liesman was at that News Conference and has more on what yellen said and what it means for the economy. Reporter was it an upgrade or a downgrade . For the fed today and the u. S. Economy, it was actually a bit of both. The Federal Reserve upgraded the u. S. Economy in the Statement Today saying it was rebounding from the severe Winter Weather swoon. At the same time because of the economys contraction, in the first quarter, much stron
Score along with your monthly bill. All that and more tonight on nightly Business Report for thursday, january 9. Good evening, everyone. So how is the job market these days . Out of work americans as well as investors and economists everywhere would like an answer to that question. Theyll find out tomorrow morning when the Labor Department reports how many new jobs were added to the month of december. Now, expectations are high that american businesses were busy hiring. An upbeat jobs report could have huge implications for the markets, consumer and business confidence, and Federal Reserve polic policy. Sara eisen has a preview. Strong hopes for tomorrows monthly jobs report. In the last 48 hours economists have been upping their forecasts for december from 191,000 to 200,000. The Unemployment Rate is set to stay steady at 7 . Fuelling the optimism, a surprise positive read on private sector hiring. The highest since november 2012. And todays report showing the number of americans fil
Railro. Tyler, well find out. Its not entirely clear theyve receive the governor if he comes to fort lee. The story of governor chris christ christie, has changed. Today for the better part of two hours the blunt nono sense governor answered questions in trenton, apologized repeatedly. He was sad, had to inv in the traffic closures clearly done as a political vendetta against the mayor of fort lee and the straighttalking postpartisan governor insisted he is not a bully. No. Im not. I mean, listen, kelly, politics aint bean bag. Okay . And everybody in the country who engages in politics knows that. On the other hand, thats very, very different, that saying, that, someones a bully. Now, out of a job effective immediately, bridget kel. The governors deputy chief of staff who wrote the now infamous email in september, time for some traffic problems in fort lee after the mayor of that borough apparently was not going to endorse christie in his reelection campaign. Chris christie has said a
My jobs not just entertaining but to educate and teach. So call me at 1800743cnbc. To make money, or not to make money. That is the question. No, not for you, the investor. Even if you didnt quite prevail today, dow only finishing up 14 points, nasdaq falling. 93 . No, im talking about the importance, or lack thereof, of making money if youre a younger company. One thats just coming public, developing something new, innovating and perhaps trying, yes, to take over the world. I want to focus on this concept because of where were coming from today. The annual dreamforce conference run by marc benioff of salesforce. Com. More than 130,000 faithful journey in what some would require, yes, a woodstock for entrepreneurs and innovators. Representing Everything Technology no differently than the internet pioneers did before them and the personal computer creators did way back in the late 1980s. Turning the tech world upside down. Then again maybe its just a woodstock for geeks. Anyway, we need
This year. Wrapping up a twoday policy meeting and speaking at a News Conference in washington, yellen insured investors the u. S. Economy is doing well enough for the fed to make further cuts but not Strong Enough to seek consistent Growth Without the Central Banks help. Investors loved hearing that, and stocks took off. The s p 500 index closed at a new record high of 19. 57, the dow, which was in the red before the fed announcement at 2 00 p. M. Eastern time shot up almost 100 points and the nasdaq rose to 25 points. Steve liesman was at that News Conference and has more on what yellen said and what it means for the economy. Reporter was it an upgrade or a downgrade . For the fed today and the u. S. Economy, it was actually a bit of both. The Federal Reserve upgraded the u. S. Economy in the Statement Today saying it was rebounding from the severe Winter Weather swoon. At the same time because of the economys contraction, in the first quarter, much stronger than expected, the fed ha