Yellen said that the central bank is in no rush to raise interest rates. And that powered a stock market rally around the globe continuing today. And resulted in the dow industrials gaining 83 points to 17716. The nasdaq added 22 and the s p 500 rose nearly 9. The president of the chicago fed agrees with the fed chair. In an interview today, Charles Evans said a rate hike in april would be surprising. I think chair yellen laid out all the right issues, you know, coming out of december going into the march fomc, risk factors increased a bit, financial volatility, things settled down a bit. I think global risk is higher. The median is for two hikes this year. If the data come in the way were expecting. If they come in stronger, everybody would adjust upwards. Evans added the potentially moving in june that decision would be made on the basis of further improvement in the labor market but emphasized he didnt want to get ahead of himself. And there was more evidence today the job market is
Bank is in no rush to raise interest rates. And that powered a stock market rally around the globe continuing today. And resulted in the dow industrials gaining 83 points to 17716. The nasdaq added 22 and the s p 500 rose nearly 9. The president of the chicago fed agrees with the fed chair. In an interview today, Charles Evans said a rate hike in april would be surprising. I think chair yellen laid out all the right issues, you know, coming out of december going into the march fomc, risk factors increased a bit, financial volatility, things settled down a bit. I think global risk is higher. The median is for two hikes this year. If the data come in the way were expecting. If they come in stronger, everybody would adjust upwards. Evans added the potentially moving in june that decision would be made on the basis of further improvement in the labor market but emphasized he didnt want to get ahead of himself. And there was more evidence today the job market is strengthening. Private compa
Ondemand apps. Others warn the sharing economy leaves workers without a safety net, benefits or employee protection. Thats our cover story. If you have ever hailed an uber lift, rented a room on airbnb or ordered a craft on etsy you participated in the gig economy. 90 Million People in the United States something this sharing economy and half of that number, 45 million americans have worked in the gig economy. For most people its a way to earn extra cash. Up to 15 million americans say it is a major source of their income. 10 of our work force doing it full time. They are picking up two to three jobs a day. They are making upwards of 7,000, 8,000 a month. Reporter more than 70 of gig economy works say they love to work in the industry but with the freedom and flexibility of ondemand work comes the growing concern about most classify them as independent contractors meaning companies dont offer benefits like sick pay or payroll taxes and that led to threats of regulations and lawsuits. U
Even the best day io list it. On the money starts right now. This is on the money, your money, your life, your future. Now, becky quick. We begin with the gig economy. Flexibility to accept individual gigs and the freedom to work on your own schedule. Thats the promise of the ondemand apps. Others warn the sharing economy leaves workers without a safety net, benefits or employee protection. Thats our cover story. If you have ever hailed an uber lift, rented a room on airbnb or ordered a craft on etsy you participated in the gig economy. 90 Million People in the United States something this sharing economy and half of that number, 45 million americans have worked in the gig economy. For most people its a way to earn extra cash. Up to 15 million americans say it is a major source of their income. Full time. They are picking up two to three jobs a day. They are making upwards of 7,000, 8,000 a month. Reporter more than 70 of gig economy works say they love to work in the industry but with
20or friday, december 5th, this is the cbs morning news for friday, december 5th, 2014. Good morning. Good to be with you. Im annemarie green. Protesters did not let up overnight in voicing their anger over the eric garner case. Demonstrators in new york city clashed with police as hundreds tried to board the Staten Island ferry. Other protesters laid homemade coffins across the entrance of the manhattan bridge, allegedly representing People Killed by nypd officers. Don champion is on Staten Island with more on the unrest. Good morning. Reporter good morning, annemarie. The protests lingered into the Early Morning hours. While things have remained peaceful, one thing is for sure. Growing outrage over the grand jurys decision about what happened here shows no sign of slowing down. A steady stream of protesters disrupted traffic on new york citys western highway for a second night. Earlier the most Peaceful Demonstrations took a turn in times square where police made several arrests. Oth