KQED Nightly Business Report November 22, 2014
Friday, november 21s good evening, everyone. And welcome. Soucie has the night off. The major averages just wrapped up their fifth week in a row of gains and there were more record closing highs for the dow and the s p 500 today thanks to major move the ls moves by two. The peoples bank of china cut benchmark Interest Rates for the first time in two years looking to combat slowing economic growth. Then European Central Bank President mario draghi promised to use whatever means necessary, even buying up sovereign bonds, to boost that regions struggling economy. And with that, investors plowed i...