Our old trees are dying and theyre nobeing replaced and managed over time. Nature is not a nicetohave, its a musthave. woodruff all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided b oa and by the alfred p. Foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. Carnegie corporation of new york. Tipporting innovations in education, democ engagement, and the advancement of International Peace and security. At carnegie. Org. And with the ongoing support of these institutions and indiv. This program was made possible by the corporation for publan broadcasting. By contributions to your pbs station from viewers like you. Thank you. Sion, andff col cooperation, at the u. S. Capitol. A committee of the house of representatives clhed all day over impeachment charges. But, behind the scenes, negotiators also agreed on a budget deal. Ng we begin with ssional correspondent lisa desjardins
Haveies across america struggled on the skyrocketing cost of drugs. Also the cost of drugs stretching Financial Health and wellbeing as well. I always said when you travel the country the issue and the cost of Prescription Drugs are one subject that can make grown men cried. That is not being able to deal with those costs. Outofcontrol prescriptions is an issue that touches every emily in america. Issue beenll a big forward. We dont want a political issue. We want a solution in congress and we want it now. Energy and commerce chairman frank pallone. Chairman bobby scott, i want to thank them for their leadership to bring us where we are today. Time, i willst of save some of my remarks for later. We will yield to the district was democratic leader of the house. I would stay longer but im going to testify on a critically important issue for us. We want a Strong Majority in the house. We campaigned on a promise to tackle issues Americans Care most about. This is one of those issues. One o
Maria we have breaking news this morning, we will take you for a live look out of new orleans, look at this, we are tracking tropical form barry this morning, making its way toward expected landfall in louisiana, we are bringing you the very latest developments this morning and live updates all morning, stay with us on the developing story, joining the conversation, Fox Business Network dagen mcdowell, the American Conservative Union chairman mat sclapp and michael block, great to see everybody this morning. Great to be here. Great to be here, im glad its dry. Maria im glad its dry too. We have a storm that we will be tracking, look at the markets, michael, another record high yesterday. Record territory once again, dow industrials up 95 and nasdaq up 24, to what do you attribute strength once again in consistency . Dow jumping above the 27,000 mark for the First Time Ever yesterday. A couple of weeks ago jay powell was waffling on path to rate cut later this month and he came out this
Plus, what investors and consumers like you need to know. Power lunch right now. Well, well, well an historic milestone once again for the dow. Its been a while, but now we are above 27,000 first time at that level on the back of 150pluspoint run the s p and nasdaq, they have turned negative, but the s p once again dealing above 3,000 briefly. United health, a major catalyst, accounting for roughly 80 points of the dow gains the stock having its best day since october 2017 weve got more on this well tell you the whys, where fors, and whether to buys coming up rates are spiking. Yields on the benchmark tenyear treasury note jumping this hour, just 2. 21 that, kelly, is quite a move and well keep a close eye on it tyler, thanks. Those old records do keep getting broken we have turned a lot lower in the past hour. Bob pisani is here to explain it all. Bob . Well, just on that note, just let me show you interest rateciti stocrate ratesensitive stocks. It was a disappointing bond auction. T
Tensions with the u. S. Remain tightened. Those stories and more tonight nightly Business Report for tuesday, june 25th. And good evening, im Contessa Brewer in for sue herera. Welcome aboard. Good to have you back. We begin with the Federal Reserve, which has been a iving force of course for stocks. The market has been looking for an sbes rate cut as early as next month. Any suggestion one is coming, investors cheer. Any suggestion of something else, stocks falter. And thats what happened toy. Fed chair gentlemjerome powell e fed o grappling with whether reduce Interest Rate and while he said there is a case to be made for lowering them preempively, he said he did not know how long all the current economic uncertainties willast and h warned against Monetary Policy that responds to shortterm political interest. Today, the dow fell 179 points. Nasd down 120. S p 500 slid by 27. Dominic chu sarts as off. Jerome powell saking at the council on Foreign Relations saying the Federal Reserve