A lot of the focus has been on what mr. Powell said yesterday and what we heard from the fed. We are seeing a bit of Movement Across the board. If you look at some of the european stocks, they are actually retreating after jay powell highlighted uncertainty about the economic rebound. We sought asian shares falling the most in a week. Treasury yields, that curve steepening slightly on wednesday after mr. Powell stopped short of offering specifics on the feds approach to the monthly bond purchases. Lets get straight to the bloomberg first word news. Here is leighann gerrans. Good morning. President donald trump is not happy with what he has heard about the terms of the oracletiktok deal, but says he briefed on the details on till this morning. Sources have told bloomberg that the Top White House officials have raised concerns about the proposal. They say it falls short of Satisfying National Security concerns. President donald trump says a Coronavirus Vaccine could be widely available a
Was married this was cut through your property . Right through the middle of my property. A small town take okay big oil. People in rural kentucky trying to stop a gas pipeline they say will run right through their yards. Good morning, and welcome to al Jazeera America. I have stephanie sy in new york. A fiery crash leaves 10 people dead. The city happened about 95 miles north of sacramento. California Highway Patrol says a fed ex truck slammed into a bus. Thomas drayton shows us the truck and bus went up in flames. I just kind of see black, but there is fire up in front of the bus. Its crushed in the front pretty much. So we all start jumping up to run away. This is whats left of the horrific collision on californias interstate 5. The charred remains of a fed ex truck and a tour bus that had been packed with High School Students. The california Highway Patrol says the crash was caused by the driver of the tractortrailer who was among the dead. Flipped a white car that is further in th
Release a statement and we could be in for a real market bruising if they dont say the right thing. That fear kept the market at bay with the dow gaining 35 points, although its up ten Straight Days on the s p. S p advance 4. 2 , nasdaq climbing, welcome back, apple. Now, i am not for a minute dismissing how important the feds has been for stocks. Lower rates have allowed companies to do exactly what youve done if you own a home. Refinance it lower levels. I dont know about you, i refinanced three times because of bernanke and cut my mortgage bills in half. And thats what companies did too. Lower rates made it possible to get housing moving again. Punching above its weight in the economy. And although we tend to judge by the new housing starts, its much bigger than that. Banks own a huge number of homes. It allowed the banks to reverse the losses in the home portfolios and giving them more money to lend and thats a continuing ongoing process. This quarter, youre going to see a dramatic
Reporter a charred fedex tractortrailer and bus remain on i5 in orland, california, following a deadly accident thursday afternoon. Authorities say the truck was headed southbound when it crossed over the median, hit a car and head on into a tour bus full of High School Studentses. I see black but theres fire at the front of the bus. Its crushed in the front pretty much. So we all started jumping up to run away. Reporter some students escaped through windows before both vehicles burst into flames. A neighbor on his roof, saw a lot of black smoke pouring into the sky. Reporter Officials Say the bus was carrying Los Angeles County High School Students on the way to Humboldt State university for a college visit. Police arent sure why the fedex truck crossed over into oncoming traffic. The physical evidence as far as the tire friction marks on the roadway, all the things are pieces of a puzzle they will have to put together. Reporter police say this is the worst accident they have seen in
Reopen their economies. Dow and s p 500 rose about 100 in trading. Gavin newsom is expected to announce a task force to lead the states postpandemic job initiative. New York Governor Andrew Cuomo and President Trump are going at it. Theyre engaged in a back and forth after cuomo criticized the president for passing the buck on federal assistance on testing. He said 11 times i dont want to get involved in testing its too complicated, too hard. I know its too complicated and too hard. Thats why we need you to help. I cant do an International Supply chain. He wants to say, did enough. Yeah, none of us have done enough. We havent. Because its not over. For his part the president tweeted cuomo should spend more time doing and less time complaining, get out there and get the job done. With that, good afternoon to you. Brian williams along with katy tur. Brian, a Health Professional tells nbc news that coronavirus testing would have to double even triple before this country could open safely.