Good morning. We are meeting today to consider the nomination of mr. Wilbur ross to be the next secretary of commerce. If confirmed mr. Ross would bring decades of business and entrepreneurial experience to this position best known for revitalizes distressed businesses such as those in the United States Steel Industry. At a time most inventors aban n abandoned the industry, investors abandoned the industry he organized the International Steel group in 2002 through acquisitions of the largest Steel Company in north america, later it merged to form the largest Steel Company in the world. Mr. Ross strong record of achievement led Bloomberg Business week to name him as one of the 50 most influential people in Global Finance in 2011. Its also why he is the only person elected to both the Turnaround Management hall of f. A. M. E. And private equity hall of fame. Mr. Rosss business is complemented by a service 0 the communi community. Mr. Ross served as First Lieutenant of the u. S. Army and
A two day meeting. They said they are going to adopt a target for long term Interest Rates in an effort to meet their inflation goal as soon as possible. They say they will abandon their base money target and instead set what they call yield curve control. That involves central bank purrs of bonds to keep egbs at current levels of 0 . They will purchase them in line with the current pace of about 780 billion worth. But they also note that the pace of increase in the Monetary Base may fluctuate in the short run depending on market conditions. In the short term the boj will apply a negativeinterestrate. The policymakers decided to abandon the current two year time frame for achieving their 2 inflation goal. They now say they are aiming to hit at the earliest possible time. Boj policymakers first set the target in 2013 but they have continued to fail to meet it and have been pushing back the date. Policymakers carried out a comprehensive assessment of the banks easing steps including nega
It is more that it is a resumption of the rally that we had seen originally when janet yellen gave her dovish message. Dissuaded from that view by the fed speakers in the interim who were more hawkish. The double stone is back again and even as alex points out we are not that much up across the board we should point out we are off the highs of the session for the three major averages as well. The two day rally for the major averages is relatively substantial. It began yesterday after we heard janet yellen speaking it in front of the Economic Club of new york. What we have seen is a gain of 1. 4 . On that basis, not anything to sort of ignore. It also means the s p is once again higher on the year. It also means we have seen the market cap recovery of the u. S. 1 trillion since february 11. If you add on todays gain another 200 billion or so. That is the size of the rebound we have seen. The old leader coming back in favor. The sang stocks, whatever you want to call it now. Alking about
Knocked it out. Lots of fun negotiations with god. Yes the mind and body appears as if we all tried it all for getting out. Xd xd with some of its rights record. All the details in just one man party has accused the Main Opposition Party to the potty on bcp of trying to topple the daddy got mixed up body they speak to has claimed he was offered over three Million Dollars to split the party. Iam on the bike tea or coffee disliking divide to move again on monday accused opposition bjp of instigating the divide up the maker mind and id say he was approached by people who came into the coaster called bjp leaders and often post of chief minister if he had dealt with the monk would any government. Newton was a little over a month. When is it. These are only now does and i was on and am now going to go. Cnn on an as yet you and you may live in the middle when it was a good idea while living room the adam and i are huge what i want you will get huge. Must be. In the air one of them. You dont h
Bryan stow was attacked at dodgers stadium and what will happen when the suspects appear in a los angeles courtroom. Another pedestrian accident on a busy San Francisco roadway, we will tell you what we can do to make it safer, the news starts right now. The news starts right now, this is ktvu channel 2 morning news morning on 2. It is a media circus in milpitas, and the only Winning Ticket for the 425 million jackpot was sold and alex savage just spoke to the store manager and we will have more coming up in a live report. Good morning, i am dave clark, lets talk about weather and traffic, and steve, you painted the skies so nicely. It was a beautiful sunrise and a couple of upper 30s and a lot more 40s and even 50s in San Francisco except for those higher clouds, just higher mostly cloudy mild to warm near 70s for some, between 60s and 70s and it looks like this pad earn is pattern is on hold and we will have more coming up. Traffic is doing well around the bay areas you are looking a