Capital hill testimony from fed chair Jerome Powell where hi alled a potential cut in Interest Rates later this month. Health care stocks also contributed to the rise. We willhy explainn a moment, but first the closing numbers for this thursday with the ge Industrial Ave gaining 227 points to 27,088. The nasdaq was down six, the s p addedix bob pisani has more on the recordsetting day. Reporter another day,ot r market milestone. Investors cheered comments from the Federal Reserve signaling that a rate cut is likely just ound the corner. The dow crossed about 27,000 for the first time today and the s p 500 movedust to the edge of 3,000,nt fraction of a poi below it. Close enough. What a difference five yearss. Ma the s p has moved 50 in less than five years from 2000 in august of 2014 to 3,000 essentially this week. The market today is different than it was in 2014. Investors have played favorites in a very big way, big tech and faang names dominate among the winns. Amazon and netflix u
Warranted in order to shore up Inflation Expectations and a couple participants james bullard, one of them, wanted to acut rates to allay concerns about inflation the minutes show officials felt the increase in uncertainty was a relatively recent phenomenon and there had been staff discussion about the sensitivity of markets to the trade fights with mexico and several officials felt they wanted to wait for more information on the trajectory of the economy before reaching a final conclusion. However, the minutes also show that the fed realizes that markets have baked in a rate cut relatively soon. The minutes state the reason Financial Conditions have remained supportive of growth is because they were premised on the expectation of easier Monetary Policy. Guys, back to you. Elon, medicatiothanks lets bring in Steve Liesman with reaction to what has been a very, very busy fed day and now the minutes on top of that. It fits together, kelly you had a fed chairman that all but guaranteed th
Last year ago iowa heading into the quarter finals of the Corporate America after beating champions chile. Iran is remaining defiant after the u. S. Placed new sanctions this time targeting its top leadership including the supremes leader ayatollah ali how many tehran says it will go ahead with its plan to reduce its commitments to the 250 nuclear deal despite the increasing pressure the u. S. National security advisor john bolton hes warned that all options remain on the table if iran continues to conceive what he called its Nuclear Ambitions but iran says mondays sanctions have now permanently closed all avenues for diplomacy it calls him outrageous and idiotic and accuses washington of lie and then theres russia russias accuse. The u. S. Is being reckless moscow is warning of a dangerous scenario if tension between washington and tehran continues to mount and then theres france saying its working with britain and germany to try to deescalate this crisis well go live to roslyn jordan
Were going to be instituting tariffs placing tariffs. Brand charges a lot for the wine and yet we charge a very little for french wine and you know what is stuff there will do something about it. Why would the french even want to make on the wine thats like selling nice poleski moss i can just see all those french wine connoisseur taken for a taste of trumps own visor alec puts why would they want our blinds they have great ply and we want french wine so knock it off there is the wine blood everywhere right now no terry of smita. Thanks to thing on the international went back in 30 minutes with all. The. So you see people protesting because of the. Thousands of. Journalists from russia to. Signing this petition. Greetings and sally. Lets kick things off with a new scandal in the world of big brother our watchers this week just as the Us Government Law Enforcement agencies multiple airlines in the tech giants of Silicon Valley were singing the praises of the magical wondrous convenience
[inaudible conversations] [inaudible conversations] good morning and welcome to joint hearing of the executive commission on china in the Human Rights Commission hosted by the word Affairs Committee i want to think my cochair, micah review on the China Commission and the congressman chris smith on the Human Rights Commission. I would also like to think Ranking Member Michael Mccaul and all the members of the foreign Affairs Committee for hosting and participating in the support hearing. The title of todays hearing was examining the evolution of repression in china. The hearing will review the events in china in 1989 in the aspirations of the generation and the ongoing censorship and lack of accountability with those victims of the nazca. For first panel we are proud to welcome the speaker of the house representatives nancy pelosi. In 1989 just two weeks after the square massacre in her second term of Congress Introduced legislation to protect Chinese Students and nationals who feared b