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Your money in just a moment. First, economics reporter Steve Liesman explains just how a fed rate hike works. Reporter it was the predawn of the modern age. Twitter didnt exist. There was neither iphone nor ipad. The year, 2006. It was the last time the Federal Reserve raised Interest Rates. So its not embarrassing to ask, what exactly is a fed rate hike . The Federal Reserve controls outright only one Interest Rate in the economy. The one banks use to lend to each other overnight, or the fed funds rate. The prime rate is tied to the fed funds rate and many consumer loans and credit cards are ...

Forth. Look at oil, brent down and look at west texas, down. Major historic lows on a 2 slide in oil. Theres the euro dollar trade. The euro and the dollar inching ever closer though the year row is euro rowe is up. Sara iverson is in. Hi sara. Hi. The british, german and french markets all up nicely. Lets bring in bob pisani. Whats up . Normally we have that kneejerk reaction. Thats not happening today. Lets take a look at the s p 500. This is pretty strong rally that weve seen. It helps to have euro weaker euro strongering dollar weaker. This is one of the rare days. Thats helping here in th...

Would, propose a slight change in the agenda items. And i know that supervisor tang is here and wants to speak on item number seven and i was wondering if we could move that item up right after general Public Comment . So, we could accommodate her schedule . So could i have a motion to change that agenda item on that . So moved. Second. Okay. All commissioners in favor . Aye. Okay. Thank you. Okay. So, i will go right into the president s announcements. First of all, we would like to compliment and thank director huey who provided help for all of the tenants appearing on the Radio Station or a...

Your attention between the need for a containment strategy to potentially may get worse, are you suggesting that that tips the balance to be unhealthy with Ground Troops with could be a positive thing or with the u. K. Involved is counterproductive . I dont see enough of the intelligence practice to judge the effects of manpower. I just know what i read in the papers. It is potentially doubleedged. But not necessarily read to have both positive and negative so with principal spinach and working in different ways. General entry believe ukase shed join United States and its allies to carry a str...

And it is happening in san jose where this veteran san jose firefighters under arrest being held without bail accused of slew of crimes ranging from drug dealing to crimes against children. And its a story you will see only on abc 7 news. Good evening everyone. Abc 7 News Reporter lisa is live from the Fire Department Administration Building where lisa the place was raided toda today. Reporter very true. Undercover agents went in this afternoon and took mario in custody. Firefighters has been working here for the past several months. Most recently as a Community Outreach office officer. Underc...