And welcome. We begin tonight with records on wall street. Lots of them. And the woman who made them happen. Blue chip dow index, the s p 500, the small cap russell 2000 make new highs today. The nasdaq has its third highest close ever and it was all because of one person. The Federal Reserve chair janet yellin. In testimony today on capitol hill yellin didnt say too much about future rate hikes but didnt say too little. The markets interpreted as what she did say just enough to keep the door open for a later than mid Year Interest Rate ride. She made it clear the central bank will consider rate hikes on a meeting by meeting basis but she made no promises. With that the Dow Jones Industrial average closed in record territory with a gain of 92 points and 18,209. Nasdaq rose 7 points tenth straight gain there. Its strongest win streak since july 2009 and s p 500 up nearly 6. Yellins comments sent the yield on the tenyear bond back below 2 . Steve liesman with more on todays testimony. Re
We begin tonight with records on wall street. Lots of them. And the woman who made them happen. Blue chip dow index, the s p 500, the small cap russell 2000 make new highs today. The nasdaq has its third highest close ever and it was all because of one person. The Federal Reserve chair janet yellin. In testimony today on capitol hill yellin didnt say too much about future rate hikes but didnt say too little. The markets interpreted as what she did say just enough to keep the door open for a later than mid Year Interest Rate ride. She made it clear the central bank will consider rate hikes on a meeting by meeting basis but she made no promises. With that the Dow Jones Industrial average closed in record territory with a gain of 92 points and 18,209. Nasdaq rose 7 points tenth straight gain there. Its strongest win streak since july 2009 and s p 500 up nearly 6. Yellins comments sent the yield on the tenyear bond back below 2 . Steve liesman with more on todays testimony. Reporter in tes
And yet some continue to dismiss calls for change or more transparency at the fed. I would argue, however, that theres an even greater need for additional oversight by congress, and further reforms. Our central bank is expanding its influence over households businesses, and markets in recent years. Not only has it pushed the boundaries of traditional Monetary Policy but its also consolidated Unmatched Authority as a financial regulator. As the fed grows larger and more powerful, much of this authority has become more concentrated in washington, d. C. , and in new york. The fed emerged from the financial crisis as a super regulator, with unprecedented power over entities that it had not previously overseen. With such a delegation of Authority Comes a heightened responsibility, i believe, for the congress to know the impact these new requirements place on our economy as a whole. The role of congress is not to serve on the federal open Market Committee, but it is to provide strong oversig
Education, Community College he has identified the issue of incomes americans being tied to an economic space where we want to get growth. And just marking on anyone policy saying, no, no, lets not do this one and lets not do that one, the overall issue is the fundamental issue. People dont get rich if they dont have customers. And if customers dont have income, they cant spend. And if we dont invest in the skill base of our workforce, we will fall behind as a country. Together kind of address those issues because theres nothing more important than that. Thene of the headlines from Associated Press is moaning said House Democrats trying to force wage and immigration. According to the associated in order to put a spotlight on the republican spin since democrats are in the minority, they would have to use get aharge position to vote. They would bypass the speaker. They still need half the members in the house, 217, to vote for the position, for the petition, including 17 republicans. The
And across the country as the Investigation Continues into what exactly what happened there. Mike tobin is in kenosha. The mother of jacob blake has been praying for the healing of her son and of this nation. The head of the legal team said jacob blake was a victim of deliberate indifference. Kenosha braces for another night of violence. [gunfire]. Escalating tension with police in riot gear. Violent demonstrators throwing bottles. On the second night of violence in kenosha, wisconsin, which ignited sunday after police shot jacob blake who witnesses say appeared to be unarmed. They shot my son 7 times. [crying]. 7 times. Like he didnt matter. The family of blake represented by ben crump. They say the 29yearold is paralyzed from the waist down. It will take a miracle for jacob blake jr. To ever walk again. Blakes 3 young sons inside the car at the time. New cellphone video shows more moments of confrontation before police shot blake. What you wont see is Police Body Cam video. Body came