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
And what the stakes are for your money. We have the states new frontier, why this traditional industry is finding ways to make money on the internet. All that on todays nightly Business Report on september 23th. Good evening, im susie herera. Well, we begin tonight with big news in technology, the struggling pioneer, blackberry, may have just received the call it has been waiting for. The onetime tech giant getting a lifeline from a consortium based fairfax holdings, which would involve a deal worth about 4. 7 billion. Fairfax owns about 10 of the companys shares and after news of the deal halting trading for about an hour, shares of blackberry ended 1 higher on very heavy volume. Still shy of the nine dollars a share that fairfax agreed to pay. Not a done deal by any means, they have six weeks to conduct Due Diligence, while blackberry can shop for a better deal if they can find one. Joining me now, the Senior Analyst, peter, welcome. What is your take on this particular deal, it seem
23th. Good evening, im susie herera. Well, we begin tonight with big news in technology, the struggling pioneer, blackberry, may have just received the call it has been waiting for. The onetime tech giant getting a lifeline from a consortium based fairfax holdings, which would involve a deal worth about 4. 7 billion. Fairfax owns about 10 of the companys shares and after news of the deal halting trading for about an hour, shares of blackberry ended 1 higher on very heavy volume. Still shy of the nine dollars a share that fairfax agreed to pay. Not a done deal by any means, they have six weeks to conduct Due Diligence, while blackberry can shop for a better deal if they can find one. Joining me now, the Senior Analyst, peter, welcome. What is your take on this particular deal, it seems to me it is kind of putting a floor on the stock so that the market cant push it any lower, certainly like it did last week. That is it is going to do, but also importantly, operationally, it will continu
Industry is finding ways to make money on the internet. All that on todays nightly Business Report on september 23th. Good evening, im susie herera. Well, we begin tonight with big news in technology, the struggling pioneer, blackberry, may have just received the call it has been waiting for. The onetime tech giant getting a lifeline from a consortium based fairfax holdings, which would involve a deal worth about 4. 7 billion. Fairfax owns about 10 of the companys shares and after news of the deal halting trading for about an hour, shares of blackberry ended 1 higher on very heavy volume. Still shy of the nine dollars a share that fairfax agreed to pay. Not a done deal by any means, they have six weeks to conduct Due Diligence, while blackberry can shop for a better deal if they can find one. Joining me now, the Senior Analyst, peter, welcome. What is your take on this particular deal, it seems to me it is kind of putting a floor on the stock so that the market cant push it any lower,
23th. Good evening, im susie herera. Well, we begin tonight with big news in technology, the struggling pioneer, blackberry, may have just received the call it has been waiting for. The onetime tech giant getting a lifeline from a consortium based fairfax holdings, which would involve a deal worth about 4. 7 billion. Fairfax owns about 10 of the companys shares and after news of the deal halting trading for about an hour, shares of blackberry ended 1 higher on very heavy volume. Still shy of the nine dollars a share that fairfax agreed to pay. Not a done deal by any means, they have six weeks to conduct Due Diligence, while blackberry can shop for a better deal if they can find one. Joining me now, the Senior Analyst, peter, welcome. What is your take on this particular deal, it seems to me it is kind of putting a floor on the stock so that the market cant push it any lower, certainly like it did last week. That is it is going to do, but also importantly, operationally, it will continu