Page 2 - Melissa Connell News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Reporter through 2022 the Federal Reserve keeping rates near the zero mark. Gdp growth for the fed shows a loss of 6 1 2 this year but bouncing back 5 1 2 growth for inflation. Fed predicts inflation under 1 1 2 for the year 2020. Not reaching 2 target goal for the end of 2022. For the Federal Reserve, federal federal funds rate going nowhere. Listen. Were not thinking about raising rates. Were not even thinking about thinking about raising rates. Were providing for the r support for the economy. We think this will take time. Reporter Federal Reserve chairman Jerome Powell says their goal is t...

Edward lawrence will have airline news in a minute. But, lauren, we start with you. Lauren all right. Well the good news today, guys the rally we saw all day held into the close. Look at that, the dow up 1 1 2 . The nasdaq up 2. 1 . I will give you three Major Regions for the rally today, you touched on some of them. All 50 states eased their lockdown restrictions. The fed. We got the minutes. They are discussing ways to provide even more support to the economy. And tech, once again in the drivers seat. Take a look at amazon and facebook shares. They did hit record highs. Did they close at rec...

The s p and nasdaq shaking off earlier losses closing near the highs of the day. There is optimism out there about a economic recovery and also about hopes for a vaccine. So, optimistic day. We will get to the launch. Well spend a lot of the hour on it. First fox Business Team coverage of our top stories. Lauren simonetti on the markets for us, blake burman in washington who has the latest for the president who is in florida for the launch and Kristina Partsinevelos joins us with news on disney. We start, blake, with you. Reporter connell, melissa, speaking of that launch who wouldnt want a fr...

About all weve been through. Well talk more about that. We also have earnings from uber coming out any moment. Well cover that. Fox Business Team coverage with all the top stories. Lauren simonetti watching those stories. Blake burman from the white house. There is a lot of news there. And susan li with uber and more from the new york. Lauren, we start with you. Lauren guys, good to see you. I dont want to call it a fade but the dow was up 430 points. It lost some momentum closing at 23,875 for a gain of 211 points but certainly a fade for the third day in a row. Take a look at nasdaq. It didn...

Shop in new york as we continue our focus here on the show on Small Business. In fact, this hour we will look at how the owners of this business have survived the sixweek lockdown and also look at the questions about how long they can hold out. Also its may 1st. While were still waiting for the green light here in new york to open up our economy, there are more states that are wraf wrafrp that are ramping things up here. We will take you to tennessee and texas later in the hour, where restaurant, stores, even theaters are starting to open. Coverage of our top stories with fox Business Team cov...