effect at midnight. the president s tight new restrictions limiting the number of asylum seekers, allowing him to temporarily close the border when the daily average goes above more than 2,500 in between legal ports of entry. also developing tonight, those cell phone outages reported across the u.s. millions of at&t customers saying they cannot make calls to phones on other networks. erielle reshef with what we know so far. the life-threatening heat wave tonight. this early in the season. multiple states from california to texas. triple-digit temperatures and a new round of severe storms possible, including tornadoes from mississippi to minnesota. ginger zee has the forecast. in new york city, two young girls shot and wounded on a playground, just 9 and 11 years old. on capitol hill, the combative hearing. attorney general merrick garland defending the justice department from allegations of political bias, reminding lawmakers they had no role in donald trump s convict
effect at midnight. the president s tight new restrictions limiting the number of asylum seekers, allowing him to temporarily close the border when the daily average goes above more than 2,500 in between legal ports of entry. also developing tonight, those cell phone outages reported across the u.s. millions of at&t customers saying they cannot make calls to phones on other networks. erielle reshef with what we know so far. the life-threatening heat wave tonight. multiple states from california to texas. triple different temperature us, and a new round of severe storms possible, including tornadoes from mississippi to minnesota. ginger zee has the forecast. in new york city, two young girls shot and wounded on a playground, just 9 and 11 years old. on capitol hill, the combative hearing. attorney general merrick garland defending the justice department from allegations of political bias, reminder lawmakers they had no role in donald trump s conviction in new york. t
the running to had the trade body. no negative rates and no curves for now, that is the message from the federal reserve vice chair. joining me doubt is michael mckee, bloomberg international economic allah see consultant. equity has really started to rollover as we have talked about the fact that we are nowhere near a yield control situation. michael: the yield curve is not moving fast enough, they don t have to worry about it right now. the headlines out of the speech, besides the fact that the fed will not start raising rates just because unemployment goes down, which chairman powell told us last week that they will not be doing anything to push down on the long end beyond forward guidance and their statements. no negative rates, no yield curve control. claridat clara to said, the potential benefits from this approach may be modest. most of my colleagues judge that yield caps and targets were not warranted in the current environment but should remain an option. he later
Xpectations. Still, a majority of the committee were clearly in favor of the rate hike that the fed went ahead within december, and the majority of the committee are still expressing some confidence that inflation in the mediumterm is going to move back to 2 . But there is a sense that confidence in that is slipping a bit. That matches up with the feds forecast, the dots that we saw last month. The median for rate hike projections asked year is three, but their worst next year is three, but there were Six Committee members below that meeting. Ledave a more hawkish group by people like Loretta Mester in cleveland, and they are more concerned about a severe undershoot of unemployment in 2018, possibly leading to a bump in inflation. And here is another interesting quote i found in the minutes. Participants discussed several couldthat, if realized, result in a steeper path of increases in the target rate. They mentioned those risks include the economy expanding well beyond its maximum sus
Plus, a mysterious dell luge of amazon deliveries that wont stop. Youll meet one family that keeps getting packages it didnt order. How it could be part of an online scam to get positive product reviews. But we begin this morning with a look at todays eye opener, your world in 90 seconds. A late night, isnt it, guys . It was important that we got our work done. Congress votes to end an overnight shutdown. A night and an Early Morning drama. The massive budget deal went to the president s desk and he signed it. We all could have done better. The white house struggling to explain why a top aide rob porter was allowed to stay on the job despite Domestic Violence allegations. Should chief of staff john kelly keep his job . Absolutely not, absolutely not. Investors are bracing for another possible rocky day on wall street following the dows 1,000point plunge. A fierce snowstorm blew into the upper midwest. Chicago and detroit are expected to be the hardest hit. I was haunted by tweets every