2020 is now the best year woohooo this is a cbs news special the election of joe biden, reporting tonight from cbs news election headquarters in times square. Norah odonnell. Odonnell good evening. And you are looking live at celebrations in new york city tonight after a week of waiting and wondering and ballot counting, america has decided. Joe biden has been elected next president of the United States. Incredible crowds across america, from here, in times square, to the streets outside of the white house, voters are cheering. At the Biden Campaign headquarters in wilmington, delaware, supporters of the president elect and his running mate, Kamala Harris are also partying. The new president elect and Vice President elect will be speaking there shortly, giving the acceptance speeches theyve waited their whole lives to give. S,d there will be fireworks, were told. Reporter fireworks and more than just rhetorical ones. The real ones. Welcome once again to our cbs news election headquarte
Tours ann arbor addition, its my honor to be here this evening when the one and only in the two wonderful cohost, before we began to get into official introduction, i would be remiss not to acknowledge the pain that our nation is feeling amidst the loss of black lives at the hands of our nation Law Enforcement into the black folks watching, your lives matter, my white pms, we must do better. For those looking to make a difference to her friends who i didnt apply in the meantime drag me in honor of silence of breonna taylor, georg george fld to many others. Thank you. If we could talk a little bit about the great work that we do in the programming for pride month. Hi everyone im joe schock, the director of ann arbor pride, i sit on the board of the center of ann arbor, we are so thrilled to be cosponsoring and we are looking forward to continue to serve our community during this difficult time, for those of you familiar, it is in august and will stay in august. We are moving to a virtua
Was not a trend but an adjustment. Here is his rather ignorant statement about Interest Rates at his press conference. To ensure against downside risk, to provide support to the economy, the factors are, where factors are pushing down on Economic Growth and to support inflation. I do think it will serve all of those goals but if you were thinking of it as essentially in the nature of a midcycle adjustment to policy. Lou a midcycle adjustment. Investors did not want to hear that nonsense. His remarks came at 2 37 pm for the next 16 minutes, the dow sold off. 279 points. The nasdaq fell 155 points. S p 500 fell 46. Edward lawrence has more in the story tonight from the white house. Yes as you know, the Federal Reserve rates a Court Reporter not everyone in the room it was voting was happy about it, they were two dissenters. The boston Federal Reserve president and city reserve president both thought the Federal Reserve fund rate needs to stay exactly where it was. In the end Federal Rese
Was not a trend but an percent. Even shortterm treasury yield moved lower. And i think the markets are telling the fed not to dismiss adjustment. Here is his rather ignorant statement about Interest Rates the possibility of several more at his press conference. Rate hikes if needed. Lou and this, there is by the way, some in the business to ensure against downside risk, to provide support to the economy, the factors are, where press think that the fed should factors are pushing down on not be following the market. Economic growth and to support they should be leading the market. As if those fools worship to some of the fools that make up the Federal Reserve are smarter inflation. Than the markets. I do think it will serve all of i mean they dont even those goals but if you were understand the basic principles thinking of it as essentially of Free Enterprise markets. In the nature of a midcycle adjustment to policy. , listen you have to pay lou a midcycle adjustment. Investors did not w
Was not a trend but an adjustment. Here is his rather ignorant statement about Interest Rates at his press conference. To ensure against downside risk, to provide support to the economy, the factors are, where factors are pushing down on Economic Growth and to support inflation. I do think it will serve all of those goals but if you were thinking of it as essentially in the nature of a midcycle adjustment to policy. Lou a midcycle adjustment. Investors did not want to hear that nonsense. His remarks came at 2 37 pm for the next 16 minutes, the dow sold off. 279 points. The nasdaq fell 155 points. S p 500 fell 46. Edward lawrence has more in the story tonight from the white house. Yes as you know, the Federal Reserve rates a Court Reporter not everyone in the room it was voting was happy about it, they were two dissenters. The boston Federal Reserve president and city reserve president both thought the Federal Reserve fund rate needs to stay exactly where it was. In the end Federal Rese