That and more tonight on nightly Business Report for wednesday, october 8th. Good evening, everyone. Well, call it a come back rally or maybe a janet yellen rally. Whatever you call it, stocks had the best session of the year. The major averages surged after minutes from the Federal Reserves latest meeting show the central bankers will be quote overly cautious about raising Interest Rates. They sited concerns about weakness in the Global Economy and impact of a stronger u. S. Dollar, especially on inflation. Investors bought up stocks, reassured that the fed is committed to keeping rates low until its convinced the u. S. Economy has completely healed. The dow shot up 275 points, erasing all of tuesdays losses. The nasdaq rose 83, the s p soared 3 three points. Steve liesman has more. Reporter places like france and germany is being health here at the Federal Reserve washington Head Quarters and that could have an effect on Interest Rates. The fed in the minutes from the september meeti
We look at indias latest schoolcheating scandal. We begin in yemen where Houthi Special forces are on the move following attacks on two of their mosques in the capital sanaa. Some units entered tiaz a site of regular antihouthi protests and are heading south. 135 killed on friday. President Abdrabbu Mansour hadi said the blast saw an attempt to during the country into sectarian war, as kim vinnell reports. Reporter worshippers scrambled to save the injured. Their clothes sustained with blood, rescuers moving between bodies, piled high on the floor. This was the second suicide bombing in the space of a few minutes. The first attack detonated outside, having been stopped by security. The second took advantage of the confusion to cause maximum damage. That explosion was caught by those filming the fall out. Translation we were in the mosque during the sermon. We heard an explosion outside, near the security perimeter. It was apparent when the first explosion happened. It was in the mosque
Nationalists surge. The snp is on track to become the Third Largest party in parliament. We are live in glasgow. Sterling rallies against all major counterparts and surges to a sixyear high against the euro. We bring you the latest market reaction. Now lets get some Details Behind those stories. David cameron is set to stay in downing street as the Prime Minister of the u. K. Exit polls show conservatives will head with either a minority or a working majority vote. This is clearly a very strong night for the conservative party. I think weve had a positive response to a positive campaign about safeguarding our economy and creating jobs. Above all, a plan for the next five years. Those who do the best should find the system on their side. Anna the labour party has failed to gain key seats in england and scotland as the nationalists surge. The snp is set to become the third Biggest Party in parliament. What we are looking at tonight is a very historic shift in opinions in scotland. We sai
The hour. Monsanto, the Worlds Largest seed company is eyeing syngenta as a takeover target. The talks come a year after monsantos previous attempts fell apart. Hillary clinton now has a challenger in the race for the 2016 democratic president ial nomination. Vermont senator Bernie Sanders has officially announced his candidacy. Senator sanders i believe in a democracy that elections are about serious debates over serious issues, not gossip, not making campaigns into soap operas. This is not the red sox versus the yankees. This is a debate over major issues. Emily sanders considers himself a socialist and caucuses with senate democrats. Expedia is aiming to complete its takeover of rival travel site orbitz by the end of the year. In its First Quarter Earnings Report, sales rose. Profit grew to 44 million. Bookings were up 19 but expedia says that hotwire business continues to be challenged. Many boxing fans are getting priced out of the Floyd Mayweather Manny Pacquiao fight. The cheape
Dense fog at the shore. Theres a chance youll need your umbrella, not this morning but this afternoon. Radar, nothing to show you just yet. We will see some sunshine right through the afternoon but its going to be hours before we see any sunshine break through. The temperatures have dropped into the 60ed and 70s. A very warm muggy start. 72 degrees in northeast philadelphia. The forecast is calling the fog to thin out. 72 degrees by 9 00 and 77 degrees at lunchtime today. As we go into the afternoon, well see that chance of showers. Back with your neighborhood by neighborhood forecast. Right now its monday morning. Find out how the commute is shaping up or precommute. Jessica boyington in the first alert traffic center. Good morning. Driving the vine street expressway good news no crews on the scene at 24th street. We are still losing out the right hand shoulder east or westbound. Thats roadblock cages there. Theres no crew actively on the scene. All crews getting by. 95 to 75 on the s