Thao. Shes going to be working on a way to inform teens about trafficking, trying to stop that from happening. So well be talking some teens are talk about the signs. If you have a team. Listen at another big story is the weather because the wind really picked up. Yeah. It was pretty rough out there. Yes, a sunny and nice. But you know, when i was a sweeping up the driveway and the moment i stepped in, it would i didnt even do were like it outside of the day that you guys going to be breezy all over again and notably a lot cooler out there to take a look at that low stratus thats hanging out right over the bay. That blanket of cloud cover not really resulting in fog. Lets your honor bay area mountaintops where youre encountering that cloudy level. We have seen some showers further inland up in the sierra and the northern part of the Central Valley, both actually seeing thunderstorm activity this morning here in the bay or not going to see any of that. But we are cloudy or cooler and wi
And a recovery in oil prices. In fact, stocks tied to commodities rallied across the globe, and todays rally puts the s p 500 back in the green by a smidge for the year. One marketwatcher said he thinks this is the longawaited, somewhat traditional santa claus rally and that stocks were due for a bounce. By the close, the Dow Jones Industrial average rose 185 points to 17,602. The nasdaq added 44, and the s p gained 25. Oil prices recovered, ending sharply higher after an unexpected decline in crude inventories in the u. S. Opec also issued an outlook for prices, saying they were set to rise, though slowly. Domestic crude settled nearly 4 higher at 37. 50. The gains werent limited to the energy sector. Mining stocks also rallied, this on a report that china will cut its steel surplus, something thats kept prices at a decade low. If the country cuts back on production, analysts say chinas steel glut may begin to moderate in the new year. That supported a number of wellknown mining stock
Some of the biggest Financial Institutions including jp morgan chase, barkleys the royal bank of sc ubs will pay billions for manipulating the Interest Rate markets, one of the least regulated markets in the financial world and one of the largest, about 5 trillion changes hands every day. The traders from different banks didnt act as rivals but rather they worked together to rig the price of u. S. Dollars and euros in a scheme that went on nearly every day for five years through 2012. Eamon javers has more. Deep inside of the posh offices of the major banks, in the private digital exchanges of the private traders was right ought of the mafiainity invited to join the scam. Mess this up and you sleep with one eye open up. And if you aint cheating you aint trying. And yes, the left competition the better. And today that language caught up with the traders as new u. S. Attorney general l lyn announced the massive setty traeders formed a group they dubbed the cartel. It is perhaps fitting t
Some of the biggest Financial Institutions including jp morgan chase, barkleys the royal bank of sc ubs will pay billions for manipulating the Interest Rate markets, one of the least regulated markets in the financial world and one of the largest, about 5 trillion changes hands every day. The traders from different banks didnt act as rivals but rather they worked together to rig the price of u. S. Dollars and euros in a scheme that went on nearly every day for five years through 2012. Eamon javers has more. Deep inside of the posh offices of the major banks, in the private digital exchanges of the private traders was right ought of the mafiainity invited to join the scam. Mess this up and you sleep with one eye open up. And if you aint cheating you aint trying. And yes, the left competition the better. And today that language caught up with the traders as new u. S. Attorney general l lyn announced the massive setty traeders formed a group they dubbed the cartel. It is perhaps fitting t
Nightly Business Report for wednesday, may 7th. Going, everyone, and welcome. Federal reserve chair janet yellen went to capitol hill today. She told Congress Joint Economic committee that the u. S. Economy is turning up after a winter of virtual standstill. But she pointed to several areas that bear watching, among them, housing. Steve liesman has our report. Reporter fed chair Janet Yellens testimony before Congress Joint Economic committee today blamed the first quarters economic weakness solidly on the harsh Winter Weather saying she already sees a rebound in spending and production in the first month of the spring. And that leads her to be optimistic about growth this year. Looking ahead, i expect that Economic Activity will expand at a somewhat faster pace this year than it did last year. That the Unemployment Rate will continue to decline gradually, and that inflation will begin to move up toward 2 . Reporter behind yellins optimism she sees less fiscal restraint, that is, a sma