Business report, for tuesday, september 17th. Good evening, everyone, i am sue herrera. And i am tyler mathisen. Welcome. It is almost here and the world awaits. The Federal Reserve kicked off two day policy meeting today. By this time tomorrow, investors the world over know whether ben bernanke and his fellow fed heads slow the pace of bond buying. Now 85 billion a month, designed to help the economy. Here is what the waiting looked like today on wall street. The dow adding 35 points. The nasdaq up 27, closing at a fresh 13 year high. The s p 500 up seven, closing above 1700 the first time in five weeks and closed higher for the tenth time in the past 11 sessions. Will they or wont they and what do the experts think will happen . Just out today, a cnbc poll of wall street pros predicts the fed will pull back on stimulus plans by about 15 billion a month. As for when, a majority of respondents say theyll start tapering tomorrow. Here with his perspective on tomorrows announcement, chie
Streak. The nasdaq, a 14day win streak. But both are on the line at this hour. The s ps down 7 points, the nasdaq down 14. We want to show you the dow. A rather ironic twist here. The dow was down 68 points at the low around midday. And then, with some fed speak coming out, you had Kansas City Fed president , Esther George, one of the great hawks on the fed, came out with her hawkish comments, and it was around that time that the market came back. So were down 41 points right now. Well see if we can continue that trend higher as we head toward the close here, maria. Bill, volatility is back in the game. In a half hour, my exclusive interview with Mary Jo White, former u. S. Attorney for new york Southern District, making waves in her new role as she serves notice to the banks it will not be business as usual. What does she mean by that exactly . Well ask her about that and a lot more coming up, Mary Jo White joining me. Also, about an hour from a widely anticipated Earnings Report from
An iconic jetliner flying for delta is grounded for good. And later, staying connected with isolated seniors. For our chip reid, its personal. So glad to see you this is the cbs weekend news. Garrett good evening, everyone. Im Major Garrett in washington. When President Trump says weve never seen anything like it, hes right. Thousands of people without Wearing Masks outside and inside two arenas in tulsa for the president s first postlockdown rally. Theres no social distancing. Therefore, Health Experts fear this very event could spread coronavirus in tulsa and wherever attendees return after the rhetoric and music fade. Trump supporters, some there for days, brush off such warnings. But as they do, Trump Campaign workers test positive for the virus. A moment in politics entwined with a pandemic. Cbs Omar Villafranca is there. Reporter cbs news has confirmed that six members of the president s Campaign Team working on this rally have tested positive for the coronavirus and have been qu
Lot for her brand. The question is, can she turn this around . Times running out for lawmakers to avoid another Government Shutdown, and right now, a top democrat is urging her party to revolt against the mustpass legislation t legislation. The house is expected to vote on a 1. 1 trillion spending plan before todays deadline, providing federal funding for agencies through september. The omnibus includes a 1 raise for federal workers and military service members, and the irs budget will be cut by more than 345 million. There is a significant increase in how much wealthy donors can give to National Parties and some of the financial reforms under the dodd frank act would be reversed. The provision in question would allow big banks to merge trades and Financial Derivatives with Traditional Bank accounts. Of course, those traditional accounts are backed by the fdic. Senator Elizabeth Warren says that will leave taxpayers on the hook for potential disaster, leading her to call for House Demo