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Nightly Business Report for wednesday, july 10th. Good evening everyone. A very busy news day, especially late in the day. If you thought the markets fascination with the Federal Reserve and chairman ben bernanke was over, you thought wrong. Tonight speaking to economists in massachusetts he says the economy still needs help and the data show the feds current accommodative policy is needed for the foreseeable feature. On that news, bonds and sock futures rose and the dollar fell and the market twitched slightlierlier in the day when the fed released minutes from the june meeting. Those records show a much more sharply divided fed than previously thought, about half the officials thought the fed could end its bond purchases by the end of the year, and the other more accommodative half basically said not so fast. Lets see what the data say. Here is what ben bernanke had to sa ....
Nightly Business Report for wednesday, july 10th. Good evening everyone. A very busy news day, especially late in the day. If you thought the markets fascination with the Federal Reserve and chairman ben bernanke was over, you thought wrong. Tonight speaking to economists in massachusetts he says the economy still needs help and the data show the feds current accommodative policy is needed for the foreseeable feature. On that news, bonds and sock futures rose and the dollar fell and the market twitched slightlierlier in the day when the fed released minutes from the june meeting. Those records show a much more sharply divided fed than previously thought, about half the officials thought the fed could end its bond purchases by the end of the year, and the other more accommodative half basically said not so fast. Lets see what the data say. Here is what ben bernanke had to sa ....
Abundant resources. And money fund fight. You probably own one. You may even think its as safe as a bank account. Both sides tonight in a battle over proposed rules that some say could make the funds riskier, not safer. All that and more tonight on nightly Business Report for friday, september 20th. Good evening, everybody, im tyler mathisen. And im sue herera in tonight for susie gharib. You can call it fallout friday. A litany of events converged on wall street today, sending stocks sharply lower. First, the rebalancing of the dow and the s p 500 caused volatility as Money Managers had to adjust their portfolios. Second, it was quadruple witching, which is the expiration of certain options and futures contracts. Third, the growing fear that the government may be hurtling toward a shutdown at the end of the month. Well have more on that in just a moment. And lastly, officia ....
Over proposed rules that some say could make the funds riskier, not safer. All that and more tonight on nightly Business Report for friday, september 20th. Good evening, everybody, im tyler mathisen. And im sue herera in tonight for susie gharib. You can call it fallout friday. A litany of events converged on wall street today, sending stocks sharply lower. First, the rebalancing of the dow and the s p 500 caused volatility as Money Managers had to adjust their portfolios. Second, it was quadruple witching, which is the expiration of certain options and futures contracts. Third, the growing fear that the government may be hurtling toward a shutdown at the end of the month. Well have more on that in just a moment. And lastly, officials making comments today about when the Federal Reserve will start pulling back on its b ....
Raising hopes for more Strong Bank Earnings this week. Heres a look at the closing numbers for the major averages. The dow closed back above the key 17,000 mark. The nasdaq was up 26 and the s p added nine points. Details on the better than forecast earnings from citigroup. With the bank putting those soured investments behind it, investors dove in on citi. Kayla has more on what it means moving forward. Reporter the Bank Earnings may be low, but citigroup cleared it in the second quarter, with a heavy profit beat and rise in revenues too. Trading activity that improved slightly in june. Johnny gersbachs drop of only 15 as it happened looked relatively better. Even with the drop, the bank can operate well. I think we spend an awful lot of time focused on whats going on in markets. So i think there are some legitimate questions goingforward as far as markets, the rest of ....