Today. We start out of with the fed staying put. Jerome powell signaling the rates will stay near zero through 2023 stocks getting an initial pop, but reverse course as the fed share took questions from the press. Steve, what was it, do you think, that spooked the markets . You know, its always hard to know maybe one of those sell the news things there was a bit of history in the statement where the fed for the first time put in the statement that its new goal is to seek inflation above 2 that was in the longterm policy strategy but it had not yet been in the statement. This is the first statement following that change. It was a bit like there was nothing behind it in the sense that, the question that i asked, i said, well, how come your forecasts dont show you hitting the goal, not even in the fouryear horizon here the fed chair didnt really have a good answer for that you would think if you said, you know, im going to move this tanker faster, you know, youd be pushing the throttle do
Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Consumer cellular. Johnson johnson. Financial Services Firm raymond james. Supporting social entrepreneurs and their solutions to the worlds most pressing problems. The lentils and the l emelson foundation. Supported by the john d. And catherine t. Mcarthur foundation, committed to a more just world. And with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting and for contributions to your pbs station from viewers like you. Thank you. Judy it was anything but politics as usual. The country is still talking tonight about what happened last night in cleveland. It was billed as a president ial debate, but had all the civility of a childrens food fight. Amna nawaz begins our extensive coverage. Amna after a bruising first debate, campaigns were back on the trail and trading barbs. Mr. Biden he did not ha
Airline industry. How it could impact the future of flying. Deadly disaster. Even more wildfires explode in california. The death toll and damage growing by the day. Its beautiful here, but thats being stripped one fire at a time. This morning, the devastation facing thousands of homeowners, left with nothing to return to. And a new warning about the fire danger still to come. Opening day. This morning, the iconic Washington Monument welcoming back its first guests since the start of this pandemic. Wow. That view is right there the minute you get out of the elevator. It is absolutely spectacular. Tom costello there live from the very top. Those stories, plus, delay of game. That coronavirus outbreak inside the Tennessee Titans forces the nfl to postpone its first game of the season, but it is full steam ahead for the nba finals. Drives, its inside, finds davis for the slam. And the major leagues postseason. And the braves have won it. Today, thursday, october 1st, 2020. Announcer from
We were up 259 earlier. S p 500, as you can see, it is up more than. 5 . We just came off the best sixmonth performance for the s p actually since 2009. Youve got the nasdaq higher right now, up 1. 5 . All of this, were watching. Were watching washington. House speaker nancy pelosi, treasury secretary Steven Mnuchin are continuing their discussions over this coronavirus stimulus bill that could pour trillions into the economy and help airlines, Small Business owners and the unemployed. We will have up to the minute details on the state of negotiations as they go on right now in washington. Then the travel industry is desperate for help from congress as a new study says the Hotel Industry might not be able to hold out much longer. One of the nations top hotel owner operators is here to tell us how his company is handling these challenging times. Hes here in a fox business exclusive. Meanwhile, pepsico is popping as people lock down at home during the pandemic, turned to its snacks and d
Restrictions against huawei well talk about this story and more with economics professor richard on the head of the f. A. A. Says mistakes were made in the oversight of the boeing 737. 00 because of lawmakers look to learn more about the jet and the 2 fatal crashes which grounded it will we have a power show today so lets get started. The u. S. Commerce Department Released a new rule on tuesday that will allow American Companies to collaborate with wall way on setting standards for next generation technologies essentially what this means is the new rule will amanda wall way entity listing and it will allow certain technologies to be released to walk away and its affiliates if it contributes quote to the revision or development of a standard in a Standards Organization will the u. S. Added wa wait to its entity list in may of 2019 this was over National Security concerns a claim that while way has rick. Heatedly denied but in an interview with fox business commerce secretary wilbur ross