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
Reporter with the prosepct of any more, significant rain yet this season fading fast and images reporter like this bone dry groundwater recharge pond here in south san jose likely to linger reporter all summer, the plan is to existing Water Supplies lastlong as possible. Reporter with reservoirs now slightly less than half full and the demand for water expected to increase with warmer weather, the Santa Clara Valley water board is set to call on water retailers and cities to find new ways to use less water. We will present the presentation to the board and it will have the opportunity on tuesday to make a decision curry it valley Water District reporter so the 20 percent goal imposed last summer could rise to 25 or possibly 30 percent reporter this year. That could trigger new, more aggressive Outdoor Watering restrictions or fines for over consumption. Reporter the district is especially concerned about the growing demand on water pumped from the ground. Marty grimes Santa Clara Valle
Make changes. Is a spin off one of the options you are considering . No. We are not considering that option. Operation shutdown. Protesters begin a blockade in bangkok. Major roads and disrupting traffic in an effort to oust their Prime Minister. Two of europes biggest numbers from metro. Competing for a bigger slice of the emerging market. The wealth snags the golden globe wolf snags the golden globe. We are live in los angeles. Good morning. Welcome to countdown. It is 7 00 here in london this monday morning. Bloomberg reporters are standing by across the world ready to deliver the stories that will drive your day. Ryan chilcote is focused on ubs. Comments from the ceo of the bank. Hans nichols is in berlin looking at metro and carrefoure. Where is best place to put your money this year . Manus cranny has exclusive sachs inom goldman london. Caroline hyde is watching the latest trends in mens fashion week moving from london to milan. A bloomberg exclusive. Sergio ermotti says ubs won
Fire, apple tv and online. And a good wednesday morning midweek for you as we move things along. Im marcus washington. And im kris sanchez. Laura garcia has the day off. Were bringing all the color. We showed up this morning, i hope you wore your sunglasses. We still have some showers on the radar. You got some . A couple drops. You are not imagining it. We have plenty of activity, instability on the radar. You can see satellite radar popping up, even thunderstorm activity just off the coast. You could see it right here if i kind of zoom this in closer using our mobile Doppler Radar storm ranger you can see the shower activity pushing through santa rosa, petaluma, san rafael. If i zoom further south you can see the red scan. Now there is a possibility we could see some of those thunderstorms move inland and we could get an isolated pocket or two of heavy downpours at times especially around areas in the coastline. As far as our temperatures go, well start out in the 60s. Well bump up i
Today period half of the people getting mortgages from uncle sam have defaulted. It is time for the government to but out. It doesnt look like you were too enthusiastic. Remember when reagin would joke this curious words were i am from washington and i am here to help you . The words were not dead yet it should now scared every taxpayer because the government got us into the housing crisis with the easy money policy with the subsidies is now the government is in the process to stop the market to get back to where we need to be down the president says he will do more. Here is the thing almost all policies are in thh economic policies but once they go through weeder said day they say it is about america being a fair country at the end of the day maybe they dont care what economic damage if they could keep a few more people in their homes even of the expense of regular homeowners in the industry themselves. No question some of the people in these homes were having trouble paying mortgages