They hope that this will soon be the way of delivering your packages right to your front door. You will even see it here. It is a pretty high. Right this somebodys doorstep. And then of course somebody some. Somebody is always on. The guy comes running out. He comes. Amazon admits a lot of hurdles to this kind of delivery. Several years away. Company ceo, is a very good thing. We believe this is going to happen at some point. The stock today nearly unchanged. Down just a penny. The announcement not really doing much. Shares of amazon up about 10 percent over the last month alone. Drugmakers. Soon it will be our time. The company is already making delivery drums not really widespread because the faa has to look and all of this. Children with bb guns might be a problem. Deliveries may be on the rise today, but how big retailers very aware of the busiest shopping days of the year . Lets go to Nicole Petallides on the floor of the New York Stock Exchange. Looking at a large e commerce powe
Economy stays on course. And here is the outgoing fed chairman explaining why the decision was made to begin reining in what has been an explosive expansion of the feds Balance Sheet and the greatest capital injection into our Financial System in history. Policy actions today reflect the assessment that the economy is continuing to make progress. And that it also has farther to travel before conditions can be judged as normal. Notably, despite headwinds, the economy has been expanding at a moderate pace and we expect that growth will pick up somewhat in coming quarters, helped by highly accommodated Monetary Policy is and waning fiscal drag. Lou the dow jones, 14 times in the our leading up to the announcement, panicked by an intimation that the fed would cut back the bond purchases. Implementing this socalled paper. This includes investor anxiety over the announcement sent the market indexes lower. Down to post triple digit gains, the market up 2 on the day, the dow jones rallying nea
And here is the outgoing fed chairman explaing why the decision was made to begin reining in what has been an explosi expansion of the feds Balance Sheet and the greatest capital injection into our Financial System in history. Policy actions today reflect thassessment that the economy is continuing to make progress and that it also has farther to travel before conditions can be judged as normal. Notably, despite headwinds, the economy has been expanding at a moderate pace and we expect that growth will pick up somewhat in cominquarters, helped by highly accommodated Monetary Policy is and waning fiscal drag. Lou the dow jones, 14 times in the our leading up tothe announcement, panicked by an intimatiothat the fed would cut back the bond purchases. Imementing this socalled paper. This includes investor anxiety ov the announcent sent the market indexes lower. Down to pos triple digit gains, the market up 2 on the day, the dow jones rallying nearly 300 points. The 45th record close of the
Trucks and back breaking work. The whole thing was to get that job and make your union book because these guys get paid very well. What is interesting about this, these are highly unionized jobs. Where theres really strict rules when you work and when you dont work. And they paid pretty well for people that dont have college degrees. Melissa yeah. Why theyre walking off the job . There are other things you can do to protest unfair firing. Melissa is sort of the sentiment in this country right now and dialogue that were having about minimum wage and about wall street and all these things, is it stirring up discontent that could be damaging our recovery or not . Or is it healthy . Veronica . Definitely stirring up discontent. Well see more acts of civil disobedience. This is problem. They knew they were breaking their union contract. They were not covered the moment they walked out the door. Theyre out of a john the and more people out of a job turning to the government for help. I think
Find, check on some of the issues that are concerning investors right know. Exports for example, to europe and oil supplies and prices. I did find this reference from the cleveland Federal Reserve bank. It said, quote, that manufacturing, manufacturing firms there seeing lower production, attributed to seasonal factors or declining exports. On excess supplies of crude oil the bake book does report on that. It uses the term, excess supplies. Reporting on its contacts in the period up to october 6th. It says, quote, Oil Exploration activity increased in the minneapolis, kansas city, and dallas districts. Of course the minneapolis district includes the big shale oil reserves in north dakota. But again, this information was all collected before october 6th. Weve had a lot happen since then. The dow, down, 1,000 points since october 6. Unclear how these latest developments in the markets will affect fed policy making at the end of this month. Melissa . Dierdre peter barnes reporting in disg