That and more tonight on nightly Business Report for wednesday, october 8th. Good evening, everyone. Well, call it a come back rally or maybe a janet yellen rally. Whatever you call it, stocks had the best session of the year. The major averages surged after minutes from the Federal Reserves latest meeting show the central bankers will be quote overly cautious about raising Interest Rates. They sited concerns about weakness in the Global Economy and impact of a stronger u. S. Dollar, especially on inflation. Investors bought up stocks, reassured that the fed is committed to keeping rates low until its convinced the u. S. Economy has completely healed. The dow shot up 275 points, erasing all of tuesdays losses. The nasdaq rose 83, the s p soared 3 three points. Steve liesman has more. Reporter places like france and germany is being health here at the Federal Reserve washington Head Quarters and that could have an effect on Interest Rates. The fed in the minutes from the september meeti
That and more tonight on nightly Business Report for wednesday, october 8th. Good evening, everyone. Well, call it a come back rally or maybe a janet yellen rally. Whatever you call it, stocks had the best session of the year. The major averages surged after minutes from the Federal Reserves latest meeting show the central bankers will be quote overly cautious about raising Interest Rates. They sited concerns about weakness in the Global Economy and impact of a stronger u. S. Dollar, especially on inflation. Investors bought up stocks, reassured that the fed is committed to keeping rates low until its convinced the u. S. Economy has completely healed. The dow shot up 275 points, erasing all of tuesdays losses. The nasdaq rose 83, the s p soared 3 three points. Steve liesman has more. Reporter places like france and germany is being health here at the Federal Reserve washington Head Quarters and that could have an effect on Interest Rates. The fed in the minutes from the september meeti
To earn more of a middleincome wage we want to bebe careful because just because we have all those jobs the wage increases come with it so what are the multipleer. Commissioner richards. Actually, i had to scratch my head when talking about proposition i sorry im offering coming a cold this is just gotten lost and showing you somehow we can publish well do a Great Service to the city this is refreshingly truth youre calling a spade and spade those are inheckling the growth with the 7 actuaries we have the 7 the two big ones are the real estate and the omaha with the balance of Affordable Housing to the jobs i think you know it looks like jobs are shrinking and so i heard a dump bell critic called the downtown hole in the middle i dont time to have the city become a tale of two cities it is extremely rich or not rich we have a disconnect between housing we approved a housing elements being recommended called for 51 percent of affordability and all new destruction yes week and week we fo
And i think from at least my prospective and the commissions prospective 23 we can identify those miss matches well make bettered informed decisions and being latter soft or strong commissioner richards relations e. R. Mentioned in a comment about market rate housing and whats the balance are we offer ballot things about Office Allocations and the 3 legged stool and the Affordable Housing and job creation im interested to see and the gentleman mentioned the next steps but really where we take this data and digest it now weve got to here and make a plan of action Going Forward to try to bring other groups that have stake and hue to get them on board at least 80 percent to say the r right direction so im curious to hear with the other commissioners say and commissioner antonini. Very interesting report very well done i want to comment when we were talking about how to work with businesses and individuals it help them with their needs its important it is on existing recipe and businesses
Investigates a u. N. Chemical attack plus. Im in new deli coming up, ill be taking a look at how street art is taking over some of the most unlikely of spaces. Hello, yemens new Vice President says he wants to unite his war torn country through loyalty rather than violence and in saudi arabia where senior government officials are shelter ing on calling on military units to houthis to end it and should align themselves with the legitimate government in exile and end their violence in aiden to divert a possible Ground Invasion by troops and we have more details. This is the man likely to be yemens next president. Khaled bahah is currently Vice President and Prime Minister his staff is to pull together a nation on the brink of civil war, khaled bahah says he is willing to work with his houthi opponents and forces loyal to the former president Ali Abdullah Saleh. Translator we must give them a chance and united between our project for the state and achieve that malitia loyal to houthis and