That and more for nightly Business Report for wednesday, october 9th. Good evening everyone im tyler mathisen. Im sue herrera in for susie gharib tonight. A historic day for washington and the u. S. Economy, as expected president obama nominated janet yellen currently vice chairman of the Federal Reserve to head up the nations bank. If her nomination passes in the senate and its likely to, shes expected to continue the easy money bond buying by ben bernanke and thats what people on wall street want who is janet yellen . Whats her record for the fed . Does her appointment mean for your money . Steve liesman takes a closer look at the woman who would be chairman. Reporter president obama in a historic announcement nominated janet yellen to become the first female of the reserve putting an economist in the hot seat at one of most controversial moments in the 100year history. Yellen called for unity among a fed divided to continue extraordinary and controversial policies. The fed has power
The newest member says the company is designed to win but does it have the right strategy to stay a step ahead of the rivals . That and more for nightly Business Report for wednesday, october 9th. Good evening everyone im tyler mathisen. Im sue herrera in for susie gharib tonight. A historic day for washington and the u. S. Economy, as expected president obama nominated janet yellen currently vice chairman of the Federal Reserve to head up the nations bank. If her nomination passes in the senate and its likely to, shes expected to continue the easy money bond buying by ben bernanke and thats what people on wall street want who is janet yellen . Whats her record for the fed . Does her appointment mean for your money . Steve liesman takes a closer look at the woman who would be chairman. Reporter president obama in a historic announcement nominated janet yellen to become the first female of the reserve putting an economist in the hot seat at one of most controversial moments in the 100ye
Intensifying. New data showing that the economy slowed at a pace than originally anticipated. Nasdaq starting off at a a closing high, and 14year high. And the guidance says it is experiencing severe disruption from the winter, and gap suggest suggests gaap suggests it will fall more than expected. And on mad mad money last night, cramer talked about raising investments. And we will hear from apples tim cook. And in the first full year results are lower after discovering fraud in the subsidiary in mexico, and they go into detail, jim. This is not a minor story, and i know that when you look at the big revenues of citi you say, so what, but this is a major client with a checkered history and it is a 360 million and they say, 230 million, but 360 million pretax the. Okay. And you think it is important because you look at 360 million pretax fraud resulting in a 235 million aftertax writedown and it gets complex. It is complex. But related to transactions between penmax and vanimax who is
Good morning and welcome to countdown. Im Jonathan Ferro. And i am caroline hyde. Airbus dominated the first day of the show, a 21 billion dollars sales blitz. The deals gave airbus an early lead. Could boeing fight back with more deal announcements today . Edwards is onna the ground with more. Day two,ou expect on and i . Airbus to see you, jon. Netted 24 21 billion of orders on day one. Theyre also stealing the headlines by talking about the nore efficient version of a older model aircraft. Will others be joining that list of buyers today . That is one thing we are watching. Could be boeing stay in the sun . Thele familiar with situation are telling us that we need to watch the Leasing Companies today. Particular, could there be 9 billion worth of orders from a aviation. R and boc Leasing Company also is one to watch today. Could that be a buyer . Leasing very much in the bit as he headed into day two of the Farnborough International air show. Yesterday we saw a spectacular flying di
Tragedy a Sporting Goods chain says it plans to pull certain types of rifles from shelves nationwide. Dicks Sporting Goods says its making this move out of respect for victim families. Investigators are looking into whether the suspect tried to purchase a gun from a dicks store. The closest to the bay area is located in modesto. Police say they will pursue charges against a man for making criminal threats about the shooting. Officers arrested him. Police say on 0 abou friday hed comments supporting the shooter saying he thought about plotting a similar attack. Hes posted an apology. Stay with us for continuing coverage of the schoolqmi shooting tragedy. Abc 7 News Reporter Laura Anthony will bring updates tonight at 5 00 and 6 00. You can sign up for breaking news arerts on 6 abc 7 news. Com. Turning to weather now, temperatures dropping this, is going to be one of the coldest nights of the year. Yes. Were sure its going to be a coldest night sh this season, so far, you can see skies