Order. We are certainly pleased to have our Witnesses Today and to the members of the committee. We are going to all try to minimize the time we spend talk so we can maximize questions and what we can learn from those certainly impossible to ignore the public outcry with instances that involves passengers even as recently as yesterday but one of the most rightly and purported instances was with chicago flight 9411 and lots of lessons to be learned and im sure we are going to hear what some of those Lessons Learned both with the airport and airline and the industry are today and looking at what happened to Sarah Cantwell and i along with mr. Nelson, senator nelson really sent an immediate letter in that letter said the last thing of paying Airline Customer should expect this to be physically taken off and airline and the purpose of todays hearing is to follow up on the letters we sent, the responses we got and really to out what went wrong and what are we going to do to be sure that doe
This is what 40 to 50 mileper hour winds look like. This Montgomery County house was the only thing that broke the fall of this massive tree uprooted by tonights heavy winds. Its crazy. Reporter crazy winds also impacted power throughout d. C. , maryland and northern virginia. Power outages left thousands in the dark. This Prince Georges County Shopping Center could not operate without electricity. Yes. Theyre closing up. Reporter Stores Closed their doors earlier than expected. It seems the weather was bad for business. We had like more than nine or 10 customers and we lost all of them. Reporter losing customers, losing power, losing a part of home. Tonights winds definitely made their mark. In this particular case the house behind me, the homeowners are out of it tonight. Fortunately there were no injuries. It just looks a lot worse than it was. In Montgomery County im mola lenghi for wusa9. Prince georges county firefighters Prince Georges County firefighters had to battle the wind,
It. We know because weve seen it. Its planted on wall street. The head of the Federal Reserve Jerome Powell said as much in march at the start of the pandemic. Is there any limit to the amount of money the fed is willing to put into this economy to keep it afloat . Is it a blank check . Essentially the answer to your question, though, is no. Less than two weeks ago the fed basically repeated itself, keeping Interest Rates near 0 , which is essentially free money. The fed said it is, quote, committed to using its full range of tools to support the u. S. Economy in this challenging time. As you know, in normal times im a financial journal icht. When i translate that out of banker speak into english, it means the fed is willing to do whatever it needs to do, including printing money to avoid a repeat of the credit freeze that jambed up the Global Economy in 2008. So you see there is a money tree for the banks and for the stock market and for investors, and for people who can access credit
Candidate when all in starts now. Good evening from philadelphia. Republicans have now gotten to the phase of the pandemic where they are pretending there is just not enough money to help americans. They say we cannot afford another large relief bill to help those who are suffering. The money doesnt grow on trees, they say. But heres the thing. It sort of does. Thats because we have a magical money tree with lots of money on it. We know this because weve seen it. Its planted on wall street. Jerome powell said as much back in march at the start of the pandemic. Is there any limit to the amount of money the fed is willing to put into this economy to keep it afloat . Is it a blank check . Essentially the answer to your question, though, is no. Less than two weeks ago, the fed basically repeated itself keeping Interest Rates near 0 . Now, as you know, in normal times, im a financial journalist. When i translate that into english, it means the fed is willing to do whatever it needs to do, i
But lets get right to the breaking news on the Oscar Nominations. Lincoln snagging the most. Life of pi right behind. Chris connelly is here. Lets start with is the snubs. Les miserables directed itself, Katherine Bigelow doesnt have to wear heels. The story was rebellion, rebellion in fans, in the house of philadelphia. A movie started life in a log cabin and just kept on going. Oh, wow. Impressive. Fantastic. Right there, lot more coming up. Well turn now to the deadly flu outbreak. Lets take a look. 12 nominations in all including best actor for daniel daylewis. Supporting actress for sally field. Best director for Steven Spielberg. Hugh jackman, best actress. Anne hathaway for best supporting actress. Thanks. Reporter the biggest shock came in best director, argos ben affleck and Kathryn Bigelo were were passed over. Life of pi still sliced 11 nominations. Alan arkin and Phillip Seymour hoffman. Best actress includes the youngest actress, ever. And its oldest ever em manuelle. Turn