And their currency is under siege. Our problem is a Federal Reserve too proud to admit their mistake of acting too fast and tightening too much and that i was right. They must cut rates bigger and faster and stop the ridiculous quantitative tightening now. Which gets us to the markets this morning, jim. We have been talking about negative rates, they only continued to worsen. It is a strange phenomenon to be sure but it is also a worrisome cycle people believe because you have negative rates that auger for weaker Economic Growth or a lack of growth you have what are it becomes selfreinforcing you have the global coordinated monetary easing going on right now. And you have the first time people talk you about the possibility of rates here falling dramatically from where they are now have you ever seen a ten year whipsawed as much in yield in the half hour period as we did this morning almost as if someone wants to get ahead of even lower yields there is a big short position in bonds. Th
Basement behind a adjacent buildings basement behind a locked down. They hid it in the rear of the basement, unable to be accessed because the door was locked. Reporter so con ed never spotted the illegal hook up, even though they were there hours before the explosion. This is meant to send a message to contractors all over the city. Break the law, and we will find you and hold you accountable. Reporter all five of the defendants here in manhattan in criminal court have entered a not guilty plea. Four of these defendant, their bail set at a Million Dollars each. The master plumber, the one whos accuse offed falsifying document, his bail is at 100,000. For now jim hoffer, channel 7. The father of the one of the two killed in the blast says news of the charges have the family of a 23yearold have set up a shrine in their apartment in his memory. Their son was on a date on the ground floor when the blast happened. His date made it out okay. Well, im happy, i mean that theyre bringing these
13,000 incidents compared to 20142015 when there were nearly 16,000. Thats a 23 jump. Mayor de blasio, be honest with the new yorkers. You tell us our schools are safe, but they are more dangerous than ever. Reporter the Citys Department of education refutes this interpretation of the data says it includes minor, nonviolent infractions. In a statement the d. O. E. Tells us, this data is misleading. The total number of incidents at new York City Schools decreased and crime, arrests and summonses are down across the board. Theres no spin here. This is not our data. Its the states data reported by city schools. And we reached out to the state department of education for their take on this report. We have not heard back from them just yet, but were still working on that for later today. Reporting live from city hall, ida, thank you for that. We have breaking news from Morris County new jersey, theres been some type of construction accident in the town of whippany out there and two workers
Of office. Mexicans accuse the party of buying the election. Hundreds crash with Police Outside congress. We have a lot more planned for you this saturday night. Heres what else were working on. A sitcom star may have crucified his career by speaking out on religion. Please stop watching two and a half men. Does faith have to lead to fiasco in hollywood . A florida teens murder reigniting the Trayvon Martin debate and whether the infamous stand your ground law should be outlawed. An identity crisis at the heart of the u. S. Financial crisis. A top conservative thinks so. Honestly, i dont know what the republicans stand for anymore. And from bravo owner to community leader, just elected to political office, the owner of the Mustang Ranch talks to me about his landslide victory. Lets talk, everyone, also remember, im on twitte twitter, donlemon, same thing on facebook as well. Another shooting death in florida involving a black teenager and a shooter of a different race. This took place
First flight. Hes got to do it again. Harness in this time. World news with david muir is next. Tonight, several developing tonight, breaking news as we come on the air in the west. The scare at wall per reed medical center. Authorities racing to the scene, guns drawn. And what the u. S. Navy said late today. The terrifying moments as an apartment complex goes up in flames. More than 100 firefighters responding. Many going doortodoor to get families out. Then the mayday call. Firefighters trapped. The president and his new threat against gm. After General Motors announces its Cutting Thousands of jobs in ohio, michigan and maryland, what the president is now warning unless gm changes course. Does he have the power to do it . The new and alarming numbers tonight. The faces of the children coming down with what seems like the common cold, but it can lead to partial paralysis. The poliolike illness, and where theyre seeing cases now. Three American Service members killed. An ied blowing u