Its been making those since last september. In a statement, the federal open Market Committee said its waiting for evidence that progress will be sustained before adjusting the wais of its purchases. The stimulus has pumped cash into the mortgage and bond markets, keeping Mortgage Rates and borrowing costs low. That has fueled the red hot Housing Market and spurred stocks to a 20 gain over the past year. Many investors expect stocks to go higher. Good news for 401 k s but only half the country is invested in stocks. There are fewer people working but fewer people who are looking for work and so that meant that the Unemployment Rate came down but for the wrong reasons. Reporter companies are used to getting by with fewer workers since the recession. That and slow Economic Growth but ben bernanke and whoever succeeds him in a tough spot. Goldman sachs saying the next potential window for this tapering of the fed might be the december fed reserve meeting. Stay tuned. There is a meeting in
Good evening. It was bad enough that a lot of bad behavior by big banks contributed to the Great Recession a few years back, sinking the finances of so Many American families. It all started, of course, with the housing crisis and so Many Americans have been frustrated that it did not end with stiffer penalties for those who caused it. Very few have paid any price at all for what went on. That changed in a big way today as jpmorgan has agreed to pay 13 billion to the federal government. Thats the most money any company has ever paid to the feds. We begin there tonight with our justice correspondent, pete williams, at the Justice Department for us tonight. Pete, good evening. Reporter brian, good evening. And just to put this in perspective, what jpmorgan has agreed to pay is about three times what bp paid after the gulf oil spill. It was a scene repeated nationwide, people who thought they had achieved the American Dream ending up with mortgages that cost far more than their homes were
Good evening. While americans are still absorbing the blunt force of this latest mass shooting, tonight a lot of the details of what we thought we knew about the gun massacre at the washington, d. C. Navy yard have changed. The new director of the fbi briefed a group of journalists today including our justice correspondent Pete Williams and he laid out a version of events that differs from what we were first told and first reported. Pete is with us tonight from our d. C. Newsroom to start us off. Hey, pete. Good evening. Reporter brian, good evening. The fbi director james comey says the Surveillance Video and physical evidence show that nearly half an hour passed from the time the shooting started until the police teams found aaron alexis and fired back. The fbi director says alexis began firing his shotgun shortly after 8 00 a. M. In a fourth floor hallway. Comey says alexis was wandering the halls hunting for people to shoot with no signs of targeting anyone in particular. Washingto
The judge will rule at this hour. Health alert. The Health Experts are struggling to warn people about the mers outbreak in the country. Thanks for joining us. Youre watching cnn newsroom and im rosemary church. Im john vause. Wed like to welcome our viewers. Its 10 00 a. M. In western turkey where hope is fading for finding survivors. Theyre looking for folks. 201 are dead. Journalist Andrew Finkle is in istanbul and he joins us now with the latest. So, andrew, as the death toll rises, how is that rescue operation progressing this hour . What are authorities saying about the likelihood of bringing out any new survivors from that coal mine. Well, there seems to be a certain amount of hesitation among them to see if there will be any more survivors. Just over an hour ago someone brought out five workers alive, which was of course excellent news for people waiting outside. However, i think theres a certain sense that this rescue operation may actually be winding down, that its very diffi
this is ktvu channel news at noon. good afternoon. i m maureen naylor. there are new developments for the search for a 4-year-old. crews are scouring a canal right now for a second day. the search is a few miles from where the boy was kidnapped on thursday. crews are working loor the suspected kidnapper s car and in the last hour and a half a second car was pulled from the canal but it turned out to be a false alarm. christen kafton is live with more. reporter: well, the latest search just wrapped up. we ve pulled aside one of the investigators. that s not the vehicle you are looking for? no. that vehicle was a lexus that was stolen out in earlgy january in early january. reporter: and you will be inviting that person out to see if that is the car that they saw go in the canal. absolutely, as well as the tracks. so we re either gonna eliminate that vehicle as the vehicle a the witness saw and then we re back to square one. reporter: aud are s uspending and you