Investors shared private growth, thenned be day, selling took hold and then some. Right around the time the Federal Reserve released the minutes of its latist meetings. The minutes dont tend to move the markets all that often, but they did today. At the Central Banks last meeting, policymakers commented on stockmarket valuations with some members suggesting theyre a bad profit. They dont do that. They also talked extensively about reducing the feds multitrillion dollar Balance Sheet, something we have been telling you about. That has a power to spook the market. With that, stocks did get spooked. They dropped hard. Major indexes turned negative, resulting in the biggest market turn around toptobottom in 14 months. Heres how the day ended. The dow jones lost and nasdaq down 34 the s p 500 lost 7. We have more on todays dramatic moves. Reporter stocks rose early as oil rose up in the 80s, the prime employment report was strong. The markets reversed the initial catalyst from the feds last
We went and a list of questions about infrastructure and immediately unprovoked he hit us with the susan rice stuff, and we asked him essentially claimed it is going to be one of the biggest stories in the world. We hit him up immediately for evidence of this. He provided none. He then said there were other members of the Obama Administration who had done similar things. We said can you name those folks . He said perhaps at a later date so it is sort of the typical, the typical trump technique in terms of diverting attention, and also attempting to make Mainstream Media look like the New York Times cover the susan rice story more vigorously. Rose and continue the conversation with eric ripert, the chef and part owner of le bernadin. One of the great restaurants here in new york. I dedicate a lot of energy and time in le bernadin, and i have a good balance, i believe that if you take time for yourself, it gives you the luxury to reflect and at a distance with the family and the business
We went and a list of questions about infrastructure and immediately unprovoked he hit us with the susan rice stuff, and we asked him essentially claimed it is going to be one of the biggest stories in the world. We hit him up immediately for evidence of this. He provided none. He then said there were other members of the Obama Administration who had done similar things. We said can you name those folks . He said perhaps at a later date so it is sort of the typical, the typical trump technique in terms of diverting attention, and also attempting to make Mainstream Media look like the New York Times cover the susan rice story more vigorously. Rose and continue the conversation with eric ripert, the chef and part owner of le bernadin. One of the great restaurants here in new york. I dedicate a lot of energy and time in le bernadin, and i have a good balance, i believe that if you take time for yourself, it gives you the luxury to reflect and at a distance with the family and the business
Blunt for frank. The stake for consumers, investors ordinary citizens are high. Chinese president xi jinping arrived today in florida for a summit by the sea with President Trump. On the agenda, trade, jobs and north kor korea kayla reports tonight from palm beach. Reporter the leaders of the worlds two economic superpowers meeting for the first time President Trump on home trip at his resort in florida and the 24 summit begins. Chinas president xi jinping greeted by saex rex tillerson, last month, he called for future respect and a winwin relationship. But drew a harder line on thursday. Even as we share and desire to work together, the United States does recognize the challenges china can present to american interests. Reporter the meeting is the toughest diplomatic test for trump and the administration several days in, several key posts still unfilled and a diverse set of views on china with Trump Campaign ire. We cant let china rape our country. Thats what theyre doing. Its the gre
Couldnt hear the audio. Can you rerack . Thank you. Economists say right now, the tight job market isnt stopping employers from keeping a list. They recovered more. We think that will be the one to watc watch. They have no reason for a setback to upset the feds plan for maybe two more rate hikes this year. And thats the nightly Business Report in washington. The job that was still today, Supreme Court justice the Senate Confirmed judge neil gorsuch to the high court by a vote of 54 to 45. Gorsuch could have a decisive effect on several business and financial cases including one involving the debt collectors and another we are lidge just institutions and government. Now to syria, where last nights lightning strikely u. S. Cruise missiles against a syrian airbase sent shock waves around the world from damascus, and tehran, presumably pyongyang. Apparently, not so much to wall street. Reporter the u. S. Government says it launched 59 to himahawk missiles last night from two u. S. Warships