Whether the president can end the Obama Era Program that spares an estimated seven hundred thousand immigrants from the threat of deportation the Trip Administration argues that the creation of the Program Deferred action for childhood arrivals otherwise notice doc up was an unconstitutional use of president ial of forty two previous rulings imposed injunctions on the Trumps Administration actions to end dhaka and the Justice Department asked the Supreme Court for a rare action to bypass the appeals process the Supreme Court wanted nothing to do with it and rejected the administrations request this puts the dhaka dreamers in a place where they will not face deportation as previously thought on march fifth. U. S. Ship or United Parcel service or u. P. S. Is suing European Union regulators for one point seven billion euros over two point one billion dollars over the. Denial of a merger with dutch Delivery Company in two thousand and thirteen u. P. S. Abandon its seven billion dollar bid
For the u. S. Economy has improved since december though powell said he would not want to prejudge the question of further Interest Rate increases most of the servers read his bullish comments as a signal that there will be perhaps three as many as four federal funds rate increases this year up from three discussed at the feds the f o emcees meeting at the end of twenty seventeen powell was on worried about recent turmoil and stock markets saying any risks to the broader economy were quote at most modest he did however note that Cyber Security is a major threat to economic stability more on that in the coming days. The Supreme Court has rejected the trumpet ministrations request for an immediate hearing on whether the president can end the Obama Era Program that spares an estimated seven hundred thousand immigrants from the threat of deportation the Trip Administration argues that the creation of the program. Deferred action for childhood arrivals otherwise notice doc up was an unconst
Coming up, well tell you whats behind the crude comeback. Thats coming up in just a moment here. Janet yellen and the fed leaving rates unchanged for now, but a warning that a hike could come in december. Well look at the impact that theyre having. Meanwhile, hes at it again. Carl icahn revealing hes taken a large stake in insurance giant aig and hes urging the company to split into not two, but three separate companies. We have the latest details on that. The stock has been up about 4 or 5 in todays trade. Lets begin with todays spike in crude oil. Jackie deangeles, back about 45. Good afternoon to you. This was a move that took a lot of traders by surprise. Let me break down what happened for you. The session low, 43. 06. You can see this incredible range that we went through today. The rebound in part was due to the fact that there was some selling pressure in the last three sessions. Not really enough conviction to take us down to 40 as some were predicting. Ahead of the fed this m