Will be maintaining its ultra easing Monetary Policy for as long as needed. In particular, the target for the federal funds rate is likely to remain near zero for a considerable time after the asset purchases ends, perhaps for a time after the threshold is crossed and at least until the preponderance of the data supports the removing of the. The big question, of course, is when the taper begins. As for his life after the fed, ben bernanke says he looks forward to speaking and writing. Beyond the economy, well get a number of key corporate results today. Quarterly results are due from deere, jcpenney and lowes. In the meantime, we have a little bit of Corporate News for you. Yahoo is increasing its stock buyback by another 5 billion. It will be selling notes that mature in 2018. About 200 million of the proceeds will be used for the stock buyback. Shares rising on the news in after hours trading. Ceo Marissa Mayer speaking at its salesforce. Com meeting last evening. We dont think were
This would help the company or value the Company Rather at up to 163 billion making it the largest ever technology debut in the United States. And joe was reading that story over the weekend about mr. Jack monn in the New York Times. The entire column allocated to the New York Times i spent on alibaba did not see that in the new yorker or something. The New York Times magazine. So it was not in the new yorker. The New York Times is a magazine . You have it in front of you. Thats your copy. I didnt bring that in here. Andrew, i will tell you what i did what struck me is that all of the weird Corporate Structure did make it impossible to list in hong kong, so hay had to come here. They are technically in the cayman islands. Yes. And a 42 profit margin versus amazons 0. You think its a great business. No, because why are you skeptical . Normally because if there was a free market competition, they would go from 41 thats what i mean. A bunch of government officials are owners, too. Yes. Yo
So a series of votes on the house right now. The house working on a number of bills trying to get ready for their august recess including a bill for border security. A bill that changes the law that deals with child immigrants. Also highway and transportation funding. Live house action right now on cspan. A series of votes. This may take a few minutes. While thats going on what we would like to do is catch up on the latest in the conflict in the middle east. We had representative Keith Ellison as our guest on this mornings washington journal. First guess of the morning Keith Ellison, democrat from minnesota, progressive caucus cochair talking about several things. Thanks for having me again. A recent piece in the Washington Post taking a look at the gaza blockade. Headlines to end the gaza blockade to achieve peace what prompted this . As you know, there has been this horrible conflict raging there in the holy land. 2 3 of israelis live under fear of indiscriminate rocket fire. People
267 people dying. And in the meantime, as the global number of cases crosses 20 million, russian president Vladimir Putin says his country has approved the worlds first vaccine and named it sputnik v, a hat tip to the first satellite launched during the space race. There are many questions about the safety and the quality of that russian investigation. Health and Human Services secretary alex azar says being first is not the goal. The point is it is not to be first with the vaccine, the point is to have a vaccine that is safe and effective for the American People and the people of the world. We need transparent data, and it has got to be phase three data, that shows that a vaccine is safe and effective. The u. S. Timeline for a safe and effective vaccine is still the end of this year. But lets get back to that alarming rise that were seeing in cases among children. The school year is already under way in many parts of the country. Senior medical correspondent Elizabeth Cohen is with us
Are burning now. If you are notified by emergency officials to evacuate, please do so immediately. You may not gate second chance. Announcer this is new day weekend with Victor Blackwell and christi paul. Live look at the city of new york and you see those two beams the the tribute of light this morning after 9 11. Good morning to you. Were starting with the dangerous and destructive wildfires that are burning across the western part of this country. More than 100 large fires are burning across 12 states right now and around 28,000 First Responders and support personnel are battling those in the west. Fires in california alone have burned more than 3. 1 million acres. Thats an area twice the state of delaware and we know at least 26 people have died in these fires since last month. Sadly officials are preparing for the possibility of more. Not just the flames that are are creating the threat the entire west coast is under air quality alerts and now theres warning for medical profession