Republicans take control of the u. S. Senate, sweeping Midterm Elections across the country. There is nothing we cant achieve. Voters giving the gop the biggest House Majority since harry truman. We will get things done. Republicans have some responsibility now. Theyve got to come up with something beyond were just against everything president obama is for. Major developments in the search for a woman abducted from the streets of philadelphia at knifepoint. Police say her bank card was used in maryland and the man who used it was caught on camera. Minnesota vikings running back Adrian Peterson will avoid jail time after reaching a plea deal in his child abuse case. I im glad its all over. Passengers on flight from l. A. X. To sydney endured a bathroom crisis that forced them to land. All that l. L. Alana. Elf. One very special woman voted in her first general election. She is 102 years old. Unfortunately she voted for woodrow wilson. And all that matters. Voters in oregon and washingto
Thank you, georgia. Republicans take control of the u. S. Senate,ep sweing Midterm Elections across the country. There is nothing we cant achieve. Voters giving the gop the biggest House Majority since harry truman. We will get things done. Republicans have some responsibility now. vtheye got to come up with agmething beyond were just t ainseverything pderesint obama is for. Major developments in the search for a woman abducted from the streets ofla phihidelpa at knifepoint. Police say her bank card was used in maryland and the man who used it was caught on camera. Minnesota vikings running back Adrian Peterson will oiavd jail time after reaching a plea deal in his child abuse case. I im glad its all over. Passengers on flight from l. A. X. To sydney endured a bathroom crisis that forced them to land. All that l. L. Alana. Elf. One very special woman voted in her first general election. Isshe 102 years old. Unfortunately she voted for woodrow wilson. And all that matters. Voters in ore
Captioning sponsored by cbs this is the cbs evening news with scott pelley. Scott and we are off to the races. Good evening. There are 471 races on this Election Night that will determine which Party Controls the house and the senate for the next two years. The republicans come in to this night confident they will increase majority in the house and optimistic that they will take the senate as well. The first polls close in less than half an hour. Cbs news has been conducting kind of a mood check talking to voters as they left the polls today. 65 told us the country is on the wrong track. Only 44 said they approve of the job that president obama is doing. But have a look at this. Only 19 approve of the job that congress is doing. Well see how all of this is reflected in the results as the night goes on. Nancy score december is following the house and senn at races for us. I talked to a Top Republican strategist he says things are going about as he expected which is to say a lot of close
Stocks in stories making headlines today. Peter cook focuses on the technology being news to hunt for the killers of american journalists. And willem marx takes on a two or of iraqs americanstyle village gone bust. Her firsten gave jackson hole speech today. Her focus, the u. S. Job market. Michael mckee is in jackson hole, and has details. This was a status quo speech, breaking no new ground. Janet yellen didnt change the debate, but she outlined it. For the fed, the damage to the economy from the Great Recession makes it very hard to know where unemployment and inflation should be before Interest Rates go up. As she said in a speech, as the recovery progresses, assessments need to be more nuanced, because of the considerable uncertainty about the level of unemployment consistent with the Federal Reserves dual mandate. Most of the speech outlines those nuances, the drop in the labor force but dissipation rate, elevated levels of parttime work, slow growth in wages, and inflation. Reci
Janet yellen begins her speech by making the case that the labor market still need improvement. But how much or how the fed might accomplish that is a tricky question third as the recovery progresses, assessment to be labor market needs more nuanced because of the considerable uncertainty about the level of employment consistent with the mandate. She spends the rest of her speech discussing those nuances. Why has Labor Force Participation dropped . She says that is a key question for policymakers. What portion of the decline in Labor Force Participation reflects structural shifts and what portion reflects weakness in the labor market . She runs through a number of other indicators asking why parttime employment remains so high. Why the quits rate is moving up. She talks about wages. You should see wages go up, but if they dont, maybe it doesnt mean there is lack of the market. She doesnt say that Wage Inflation is a problem. She says the fed has 19 indicators theyre looking at. Improve