Seen from the nasdaq since november 21. We have been seeing good news about the stock market because the snp 500, a different index, has actually had a huge string of records, over 12 this year. There are a couple of things contributing to the Strong Performance generally, and a couple specifically, and when we zoom in on the nasdaq, the biggest thing was the Inflation Report came out yesterday, a highly watched number that the Federal Reserve specifically looked at and measures what people actually paying for goods and services. It showed inflation is tempering just a bit. The year over year measure was the smallest increase we have seen in years, and it lends steam to the narrative that inflation might be cooling, and that might do some favours to the market the Way Investors look at it. More broadly, there is enthusiasm over ai lifting tech stocks, many of which live in the nasdaq. Agaii tech stocks, many of which live in the nasdaq tech stocks, many of which live in the nasdar. ,.
signs that the rhonda sanchez cam could be in trouble, including a staff shakeup. donald trump sending a clear signal today to the judge and a criminal classified documents case every wing wink and nod as to what should be an impartial party in the case. any indication the judge will grant this motion? i don t know i know it s a very highly respected judge a very smart judge, a very strong judge. you appointed her? i did. i m very proud to have appointed her. very smart, very strong, and loves our country. i mean, loves our country. we need judges that love our country, so, they do the right thing. we ll get into that, all of that plus everything you need to know about the first nonprescription over the counter contraceptive pill to be approved by the fda, that s coming up later on this hour as well. we want to begin in bucks county, epa. just north of the philadelphia area, where at least four people are dead, three others are missing, including two young children,
they want to raise rates, keep them on hold or cut them. just explain that shift because it gives a sense of what could happen next.- that shift because it gives a sense of what could happen next. there are nine oli of what could happen next. there are nine policy members of what could happen next. there are nine policy members on of what could happen next. there are nine policy members on the - of what could happen next. there are l nine policy members on the committee and they all get a chance to decide whether they want rates to go up, down or stay the same. in the previous meeting in december, three of the nine wanted rates to go up, six would like to hold. to date you wanted to go up, one wanted to go down and six wanted to hold. this was a surprise to markets. markets basically expected a nod and wink from the bank of england to say that rates are properly going to come down this year. so the fact that one member has said we need to lower rents today provides a much
it s good to be back with you on this second hour. at this hour, president biden s critical next move. he says he has decided on the u.s. response to the drone attack that killed three u.s. soldiers in jordan but what it is, where, and when, he isn t revealing. plus, cori bush confirming she is the target of a justice department probe over her campaign spending. what we know this hour live from washington. plus, homeland security secretary under the microscope as house republicans hold another meeting moving closer to impeachment. our reporters are following all of the latest developments. let s start with keir simons now. president biden has made his decision clear. at least that he s made the decision clear, but what he s going to do against iran is an ongoing question. what s the latest, keir? secretary of state blinken not saying when the response from the u.s. might come, but saying it would likely be sustained over time, multilevel and could come in stages. as quest
more than 3/10 of a percent. this is what they call a bull run. the market s been on the upswing since october 2022, and it s thanks to a few tailwinds. among them, an outperforming tech sector and a resilient labour market. the federal reserve has a role too. so far it s been able to cool inflation without tipping the economy into a recession. that s called a soft landing and it s buoying wall street. stocks are rallying in anticipation of interest rate cuts that the fed has signalled this year, which would let interest rates fall from a 22 year high. when interest rates go down, it makes it cheaper for businesses and individuals to borrow money. so spending increases and usually that makes stock prices go up. meanwhile, it s a different story for the chinese stock markets, which have been struggling in the new year. chinese premier li qiang pledged to take forceful and effective action to support market confidence. shares in mainland china and in hong kong have been hoverin