Now to the state of the u. S. Economy. Janet yellin getting grilled by lawmakers up on capitol hill. Stocks seem to like what they heard. Investors in stocks. Stocks have no mind in and of themselves. Its the investors who move it. But the investors like what they heard initially. Our senior economic reporter Steve Liesman has the details. Hi, steve. Tyler, thank you. Fed chair janet yellin giving no hint at the first feds first rate hike in nine years is imminent or that its not coming. The only definitive statement on the outlook for Monetary Policy is that it depends on the Economic Data and as long as that word patient is in the statement, there wont be a rite rate hike for at least two meetings. The fomcs assessment that it can be patient beginning to normalize policy means that the Committee Considers it unlikely that Economic Conditions will warrant an increase in the target range for the federal funds rate for at least the next couple of fomc meetings. As tyler said the fixed i
Of defense robert gates my staff and i learned that it was nearly impossible to get Accurate Information to questions such as much money did you spend and how many people do you have. Secretary robert gates in 2011. A cspan democrat on twitter asks, is there some a slide on which the dod can begin a comprehensive accounting . How would they audit this behemoth, 40 of the federal budget . Guest that is an enormous problem. When you have a baseline, you have to have a starting place. The records are so screwed up, they do not have that. Most of these systems have existed for years and years and had data put into them manually, people putting in long alphanumeric strings of code, and of course people made typos and that means the data disappears or is erroneous. There is no way of knowing where the Defense Department is today. One way they are trying to get around this, they were supposed to do a big audit after 2014, a big chunk of the pentagons accounts, and they are scaling it back to
Good morning. It is a sixmonth agreement designed to make it more difficult for iran to turn its Nuclear Stockpiles into weapons. In exchange for lifting economic sanctions meant to hurt that country. This deal is being called plus oneby the p5 nations. Others are calling this a bad agreement. Morning november 24. We will begin with your calls and comments in more details on the short term Nuclear Agreement with iran. The area code is 202 in washington dc. Benjamin netanyahu it says israel is not bound by the deal and reserves the right to defend itself. This is a headline this morning om the Los Angeles Times what is the p5 plus one nations from wall street journal this from senator marco rubio, saying this agreement makes a nuclear iran more likely. He went on to say theres now an even more urgent need for congress to increase sanctions until iran completely abandons its enrichment and reprocessing capabilities. Again, those details from wall street journal. A rare address from the w
The eu begins legal action against the uk government because of its plans to override parts of the brexit withdrawal deal. The commission has decided to send a letter of formal notice to the uk government. This is the first step in an infringement procedure. How italy, once the epicentre of the coronavirus pandemic, has managed to get its infection rate lower than many European Countries. And at the start of black History Month, we hear from the director of the uks leading race equality think tank on why this year its more important than ever. Hello, thanks for joining hello, thanks forjoining us. Restrictions on households mixing indoors already in place in parts of the north east of england are to be extended to liverpool, warrington, hartlepool and middlesbrough. The announcement from the Health Secretary matt hancock means about a quarter of the uk is now under stricter measures to try to curb the spread of coronavirus. It comes as official figures show the governments test and tra
Savings. And especially the age where we are. Where should we be as far as retirement and our savings right now before you get to retire you want to have 10 to 20 times your salary. When your 6510 to 20 times your salary. 20 times if youre going to be living fact. By the time you pick 45 which is generation x material, you need three to four times your salary if youre making 100,000 unique 400 to 500,000 in your savings otherwise, you are falling away behind. is a 45 for you should start readjusting your portfolio. if youre on the high and absolutely. If youre not alone and you may have to work a little bit longer to expose their capital to more risks. Youre no longer are 20 or in their early thirties. Yet a big chunk of change. You want to make sure you have allocated properly see you get the exposure to growth. And the final 15 to 20 years and savings. If you dont do it on your 401k hit that bottom automatic to rebalance your portfolio so you dont get out of whack. i think a big part