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
Growth in Household Spending declined. Household real incomes rose strongly partly deflecting earlier declines in Energy Prices an Consumer Sentiment remains high. Business fixed investment softened and the recovery in the housing sector remains slow. Exports declined. Inflation continues to run below the committees longer run objective with decreasing Energy Prices and decreasing prices of nonenergy imports. Survey based measures of longer term Inflation Expectations have remained stable. Skipping ahead. Although growth in output employment and slowed during the First Quarter the committees continues to expect that with appropriate policy accommodation, Economic Activity will expand at a moderate pace with labor market indicators continuing to move toward levels the Committee Judges consistent with its dual mandate. The fed did keep the target federal funds shortterm Interest Rate at zero to 1 4 obviously. The statement goes on to say the committee will assess progress realized and ex
Senior adviser, where he will engage with clients. Earlier in the month bernanke he signed as advisor to citadel. Japanese prize minister Prime Minister shinzo abe speaks today to a joint session of congress the first japanese Prime Minister to do so. Goes far beyond just economic benefits. It is also about our security. Cory abe also expressed deep repentance for japans aggression in world war ii, offering condolences to the families of americans who died in that war. Perrigo rejected the latest takeover offer from mylan. The perrigo deal would be mylans biggest yet. It would help the company from being taken over by israels teva. Strong ratings for the ncaa tournament. Hbo did profit slightly. Now to the lead, its twitter in trouble or is it a business that is misunderstood . Shares getting hammered today down 22 of the companys earning report slipped out earlier than expected thanks to shareholder. Com. The reason shares are down is this, twitters user growth is slowing. Twitter is
This point. Lets tell you about the big stories were watching this morning. A First Quarter read on the First Quarter gdp at 8 30 eastern time. Forecasters say the economy likely grew at a snails pace. Also the fed wrapping up its twoday policy setting meeting in washington. Announcement set for 2 00 p. M. Eastern time. No changses expected on rates just yet. Beyond the economy theres also a busy day in earnings central. We have Companies Set to post this morning before the bell mastercard mondelez and general dynamics. Also were continuing to watch the situation in baltimore. Things were quiter there. Demonstrators for mostly peaceful. Less than a dozen arrests compared to more than 200 on monday. Curfew ended at 5 00 this morning. Go back into effect tonight and we should tell you that todays baltimore airlines game will be in the afternoon and will be closed to the public. The teams weekend series against the rays will be played in tampa instead of home in baltimore. The next five g
But to prepare citizens with the minds, hearts and character to disdain or democracy in the future. Built on hope, not fear, encouragement not threat, on inspiration, not compulsion. I trust. Im releasing the dignity of the person, not devotion to data. Unsupportive mutual respect, not a machine of punishment and blame. And the last thing to revive collaboration humor, student, parents, teachers, principals, administrators and local communities. The american system is democratically controlled schools has been the mainstay of our communities and the foundation for a nation success. We must Work Together to improve public schools. They must extend the promise of equal Educational Opportunity to all the children of our nation, protecting our products goes against privatization, saving them for future generations of American Children is a civil rights issue of our time. Thank you very much. [applause] nonbook tv, molly raskin text that it had them and, and not addition to cofounded a comp