The first foreclosure auction of the year is luring big money investors. But what happens when they open the front door for the first time after buying the property sight unseen . We have all that and more tonight on nightly Business Report for this wednesday, january 8th. Good evening and welcome. Temperatures may be warming if only by a little, and the job market too seems to be heating up. Just two days ahead of a labor departments december jobs report, the payroll firm adp said a far better than expected 238,000 private sector jobs were added in the month of december, the most in 13 months. Nearly 11 million americans, though, remain out of work. But the hopeful moves in the labor market were not lost on the Federal Reserve. And minutes from the Central Banks latest meetings show that part of the reason the fed decideded to start tapering its Stimulus Program is the improving employment picture. Steve liesman has more. The minutes of the Federal Reserves december meeting showing a
The front door for the first time after buying the property sight unseen . We have all that and more tonight on nightly Business Report for this wednesday, january 8th. Good evening and welcome. Temperatures may be warming if only by a little, and the job market too seems to be heating up. Just two days ahead of a labor departments december jobs report, the payroll firm adp said a far better than expected 238,000 private sector jobs were added in the month of december, the most in 13 months. Nearly 11 million americans, though, remain out of work. But the hopeful moves in the labor market were not lost on the Federal Reserve. And minutes from the Central Banks latest meetings show that part of the reason the fed decideded to start tapering its Stimulus Program is the improving employment picture. Steve liesman has more. The minutes of the Federal Reserves december meeting showing a majority of policymakers favor a measured cautious approach to reducing the Stimulus Program known as qua
Investors. But what happens when they open the front door for the first time after buying the property sight unseen . We have all that and more tonight on nightly Business Report for this wednesday, january 8th. Good evening and welcome. Temperatures may be warming if only by a little, and the job market too seems to be heating up. Just two days ahead of a labor departments december jobs report, the payroll firm adp said a far better than expected 238,000 private sector jobs were added in the month of december, the most in 13 months. Nearly 11 million americans, though, remain out of work. But the hopeful moves in the labor market were not lost on the Federal Reserve. And minutes from the Central Banks latest meetings show that part of the reason the fed decideded to start tapering its Stimulus Program is the improving employment picture. Steve liesman has more. The minutes of the Federal Reserves december meeting showing a majority of policymakers favor a measured cautious approach to
Foreign minister in paris. And the jet of the future that is costing taxpayers a fortune now. World leaders engaging in shuttle diplomacy today over the crisis in ukraine. Secretary of state john kerry meeting with officials in france, nato is also holding talks in brussels. Here is is what is at stake. In crimea things are tense. Reporter if there is somewhere in crimea where the russians have full control it is here at the port. Ships of the black sea fleet block all traffic, military and civilian, draining all life from this otherwise thriving port. This is an easy target for the russians. But if their intention is to take over all Ukrainian Military installations in crimea, then the mission is not over yet. Ukrainian servicemen have refused to yield to this russian show of force. The russians have taken position in front of this army base here. We managed to speak to some of the ukrainian servicemen through the gate. They said they hadnt received any ultimatum yet. They said they h
The Federal Reserve has just spent two days discussing what its going to do about this economy. For now the fed plans to stay the course continue pumping 85 billion a month into the Financial System and that has the affect of keeping Interest Rates down. The fed says its too early to taper that stimulus in part because the Government Shutdown set us back a bit but they still cite a week jobs picture. 10,000 private sector jobs were added in october. Thats not the monthly government jobs report. Well get one of those on november 8th. This is from the payroll firm adp but its generally seen as a predictor of what the government number will say especially since the vast majority of jobs created these days are in in fact, in the private sector. 130,000 is well below the average for the last 12 months. How does this connect back to the fed . Lower Interest Rates were meant to encourage lending making money cheap to borrow. Thats supposed to help firms expand and increase their hiring, make