. >>> the stock market rallied after the federal reserve move to rescue the federal economy. the bedroom reserve by $40 billion worth of mortgage funds every month. if it works the plan should not increase homebuying of stocks and drive up consumer spending which is a lot of people out see the financial system is another >>> the dow gained more than 200 once after been a key spoke in a 5 1/2 year high. >>> of the worst lot of the-five is often have separate a good good all at the show's close to an all-time high yesterday up 2% for the closing at just under $683 each. >>> and amazon will start collecting sales tax on california customers starting tomorrow lot requires them to collect tax. the stacks of amazon alone is expected to generate $8 million a year. will this in sales tax changes of mind at shopping habits? >>> of loans and may be contaminated with salmonella. all of the recall affects student certain the fight is of cantaloupes low. all the individual loans and other small sticker the six d f like you're on california. let's be honest how got behind the wheel of the

stocks shot up within minutes of bold steps announced by the federal reserve to stimulate a sw growing economy by making it cheaper for businesses to borrow and spend. federal chairman ben bernanke are hoping it will trickle down to the unemployed. >> the economy appears to be on a path of moderate economy, it isn't growing fast enough to reduce the unemployment rate. >> reporter: job seekers were hit by disappointing jobs numbers in august, 96,000. 45,000 fewer than july and well under the 200,000 jobs needed a month to lower unemployment. >> this is a main street policy. we're about trying to get jobs going. >> reporter: bernanke says the feds will buy $40 million of mortgage debt a month indefinitely and will keep interest rates low. >> we'll have to see if it works. >> reporter: financial experts and lawmakers are leary. they're worried of unintended consequences like rising costs for goods and services. >> it is underscoring the bad economic policies that we've seen coming out of this administration. >> reporter: bernanke disagrees. he's counting on the federal assistance to significantly

congress wants to make coins to help the federal economy. >>> american claims pilots are deliberately causing delays and cancellations leaving passengers in the dust. the troubled airline says pilots are calling in sick or grounding planes for minor repairs. the union says american is operating with too few pilots and aging planes. some passengers say their flights have been cancelled more than once. >> my boss needs me back at work and i can't show up because i'm here to them i'm just a number. >> one flight tracker estimated 100 american flights were cancelled monday san francisco international reports no flight disruptions. >>> san francisco 49ers say their new stadium is 15% complete and 100% on track to open on schedule for the 2014 football season. the media was given a tour of the 1.2 billion dollar, 68,000 seat facility yesterday. 400 construction workers on-the-job from 6:00 in the morning until midnight six days a week wrangling 18,000 tons of steel the weight of 3,000 elephants pouring enough concrete of 300 average sized homes, 40,000 parking spots, twice as many women's r

federal reserve giving the u.s. economy a shot in the arm. first of all it will not raise the interest rate. $40 million worth of mortgage debt every month until the job improve >> the economy appears to be on a path of moderate recovery,

moving to the economy now, the federal reserve today decided to take further action to give the economy a boost. wall street liked it. the dow soared 206 points. and we asked wyatt andrews to tell us more about what the fed plans to do. >> reporter: it's the first time the federal reserve has committed to boost the economy ever month and keep interest rates low until unemployment goes down. fed chairman ben bernanke said the economic recovery, especially in the u.s. job market, is stuck. >> this is a main street policy because what we're about here is trying to get jobs going. we're trying to create more employment. >> reporter: specifically, the fed will buy $40 billion worth of mortgage bobdz every month, the idea being to drive mortgage rates even lower than their historic lows now. bernanke says if it works the plan should increase home buying, help the stock market, and drive up consumer spending. >> if people feel that their financial situation is better because their 401(k) looks better, for whatever reason-- their house is worth more-- they're more willing to go out and spend an

the law will allow to win the state in it's 20 electoral votes. >>> the federal reserve is launching a new effort to boost the economy and make borrowing cheaper. >> reporter: it's the first time the federal reserve has committed to boost the economy every month and keep interest rates low until unemployment goes down. fed chairman ben bernanke said the economic recovery especially in the u.s. job market is stuck. >> this is a main street policy because what we're about here is trying to get jobs going, we're trying to create more employment. >> reporter: specifically the fed will buy $40 billion worth of mortgage bonds every month. the idea being to drive mortgage rates even lower than their historic lows now. bernanke says if it works the plan should increase home buying, help the stock market and drive up consumer spending. >> if people feel their financial situation is better because their 401(k) looks better, their house is worth more, they are more willing to go out and spend and that will provide the demand that firms need in order to hire and invest. >> reporter: while wall street loved the announcement the f

quantitative easing all the kids talk about it what does that mean for you chisholm federal reserve decided to take action to get the economy a boost wall street like the move the job that i went up 200 points during reporter white andrews on what it means for you >>> the first time the federal reserve boosted the economy every month and keep interest rates low until unemployment goes down. ben bernanke says the recovery especially in the job market is stuck. >>> this is a main street policy will try and get jobs going and great marquand and >>> specifically that that will buy $40 million of mortgage bonds every month at the idea to drive mortgage rates lower than their historic lows now. bernanke says it should increase home buying and help the stock markets and drive up consumer spending. >>> if people feel their financial situation is better they are willing to go out and spend that provides that demand to hire and invest. >>> wall street law of the announcement the fed's open and its commitment to keep interest rates low as the downside it could hurt retirees on fixed incomes and anyone invested in savings accounts or m

while the economy appears to be on a path to moderate recovery, it isn't growing fast enough to make significant progress reducing the unemployment rate. >> the federal reserve announced it after a meeting. bernanke says members wants to see sustained improvement. >> the idea is to help the economy again to grow quickly enough to generate new jobs. >> committee members plan to keep interest rates low until mid 2015. the federal reserve has done this twice before over the past few years. we followed those events as our economic correspondent in our washington bureau. we've been hearing a lot of debate. why did the fed go answer read. >> it's all about jobs, jobs, jobs. the numbers released last weeks shows that the u.s. unemployment rate is hovering around 8%. it's around 6% in august 2008. lehman brothers declared bankruptcy the next month and it triggered events around the world. we're still seeing some of those effects today. many fed officials think it will take a few months before anything they do to have positive effect. they felt they couldn't wait any longer. as you said the committee announced that near zero interest rates would be extended t

federal open market committee. but, members of the committeeta improvement. >> the idea to quicken the recovery to help the economy begin to grow quickly enough to generate new jobs, and reduce unemployment rates. >>> committee members said they plan to keep interest rates exceptionally low into mid 2015. the federal reserve has done this twice before. over the past few years. and i spoke with a correspondent who followed the events and is economic koement correspondent washington bureau. high started by asking why the fed went with this decision. >> all about jobs, jobs, jobs, latest data that came out last week showed the u.s. unemployment data is still around 8% a round 6% in august 2008. lehman brothers declared bankruptcy the next month. that failure tregeriggered even that affected economies around the world. we are still seeing some of those effects today. many fed officials think it will take a few months for anything they do to have positive effect. they felt they simply couldn't wait any longer. as the you said the committee also set near zero interest rates would likely be extended to 2015. chairman bnan

economy say sales are slowing. is it something specific to fed- ex and intel, or early signs of a bigger slow down? then, politics and monetary policy. if ben bernanke and his federal reserve colleagues add new help for the economy, how could it impact november's presidential election? fashion week is in full swing in new york city with clothing designers showing off their spring collections. while women's fashions get the headlines, there's another sector of the apparel industry that's starting to get more attention. ruben ramirez reports. >> reporter: george roberts is one of a growing group of men around the country who care more than ever before about what they wear. >> i was always sort of a bit more dressed up than the people i was around and that was true even in college and even before that. >> reporter: for george who works in real estate, chris who works in advertising and christian who works in e- commerce, following fashion is nothing new. >> i used to read g.q. growing up and that's something that i always wanted to aspire to. >> i follow lots of sites, lots of blogs. >> reporter: the internet has made men's fashion more accessible. fashables.com cater

economy. is the federal reserve doing enough to help "john q public"? how low can they go with promises of ultra low rates for an extra long time, can rates on a 30-year mortgage dip below 3%? >> susie: and the dow loses its cookies. the industrial average drops oreo maker kraft, we'll tell you who's joining the dow 30 now. that and more tonight on "n.b.r."! american consumers are in a cheery mood, surprisingly. that's according to fresh data out today. they're feeling hopeful about their economic and job prospects. a new survey from thomson- reuters and the university of michigan shows the consumera sentiment index rose to 79.2 this month. that's the highest level in four months. those surveyed said they are upbeat about their personal finances, and most believe the unemployment will not rise further. also today, the commerce department reported retail sales jumped 0.9% in august. that's the largest increase since february. the gains come as consumers are spending more on cars and gasoline. the report showed that sales at different retailers were mixed

and the federal reserve's promise to save the economy and to create more jobs? >> well, it's very good the federal reserve has a long road ahead of it. the global economy as you rightly point out is slowing. the u.s. economy is not in great shape as it is. unemployment is still over 8%. and so the federal reserve through the plans it announced last week is really trying to push liquidity into the system to grow the economy further. same with the ecb, same with bank of japan. central banks around the world are trying their level best to get their economies going again but it is a very tough slog. >> and you were telling me that even though the central banks are putting a lot of stimulus into the economy in every corner of the world, that the global economy is headed for a recession. tell us why? >> yes, it's very clear that recessions are a normal course of the economic landscape. they come every five to seven years. we're four years into a recovery. and so i think it's very logical to worry and at the same time expect a recession perhaps, a global recession as ea

really not a lot of partisan disagreement about most foreign policy issues. >> speak of the economy, the federal reserve announced yesterday this lightsest move to put money into the economy to try to get it moving, to try to get more hiring and more investing. ruth, what dow make of this, does it have an effect on the election? what about, i mean what its its overall affect on the economy s it going to work? >> well, if it works and i think that the theory is sound t will work eventually but slowly, so i don't think it will have an effect on the election. we won't probably see the impact of this for six months or so. it reflects two things, i think from chairman bernanke. his lack of confidence and both of them might be justified. one is his lack of confidence in congress because he sees congress not stepping up to the plate to do the fiscal acts that are necessary to get this really lagging economy moving. and a lack of confidence in the economy. and so this was really in some sense his boldest move yet. because he didn't put a time limit on it. he said we'll be there into the unemployment rat

economy. the federal reserve plans to spend $40 billion a month to buy mortgage bonds to encourage consumer spending, more investment and create more jobs. daniel lee reports from washington. >> reporter: u.s. stocks went up in minutes over stimulating a slow economy by making it cheaper for businesses to borrow and spend. ben bernanke hopes it will trickle down to the unemployed. >> the economy appears to be on a path of recovery, it's not moving fast enough. >> reporter: job seekers were hit by disappointing job numbers in august. fewer than july and well under the 200,000 jobs needed a month to lower unemployment. >> what we are about is trying to get jobs going. >> reporter: the feds will buy $40 billion a month undefinitely, keeping interest rates low. >> we're going to have to see if it works. >> reporter: financial experts are leery wondering of unintended consequences. >> it is, once again, underscoring the bad economic policies we have been seeing. >> reporter: bernanke disagrees. he thinks it will reduce unemployment within three years. i'm daniele, nbc news. >> we'll have more on the reac

. >>> and stocks are soaring of the federal reserve announced a new plan to boost the federal economy mortgage securities every month indefinitely and keep long-term interest rates near zero. all in hopes of getting businesses to spend again, folks to buy houses again. >>> in his interview with george, mitt romney said printing more money will not work. >>> and britain's royal family is said to be considering legal options now that topless photos of kate middleton have been published by a french magazine. the photos were taken during a private vacation in france. the palace says it was reminiscent of the paparazzi's worst excesses during princess diana's life. >>> and in cleveland, an impatient mother caught driving on a sidewalk to go around a stopped school bus. the bus was picking up a disabled child. the woman complained that it was taking too long. you can see her, she didn't get far. the police were tipped off that she had been doing it. so, they parked at the corner to catch her. and catch her, they did. >>> and sally struthers has been released on bail after being charged with

one of the other reasons the president has held up strong in virginia the whole time is federal workers, the economyhat specifically? is it because there are a lot of federal workers who are mad at republicans that want to cut or is it that the economy thanks to the federal government and defense contractors, unemployment rate is basically at full employment? >> well, virginia is doing better than the rest of the country. that's been a trend we've had for a decade plus. i do think because there's a lot of federal workers, because there are a lot of folks who work in the defense industry, this constant effort of shutting down the government that we have seen, approach from the house, you know, i think that's kind of tested people's patience and if 2010 was an election where people were just angry, i think 2012 people in virginia for that matter across the country want to hire people who want to get things fixed and not say what's wrong with the other guys. >> why do you think the president is doing better than tim kaine? >> i think at the end of the day tim will -- i'll make a bet he'll do a bit bett

. >> talk about feeling the economy, the federal reserve is announcing a decision to print and pump billionsf dollars a month into the u.s. economy. but can this plan really get millions of people back to work? and at what cost to the average american? >> we have tried very, very hard and i think we've been successful at the federal reserve, to be nonpartisan apolitical making our decisions based on the state of the economy and the needs of the economy for a policy accommodati accommodation. , this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios until i got a job in the big apple. becoming a fulltime indoor cat wasn't easy for atti. but he had purina cat chow indoor. he absolutely loved it. and i knew he was getting everything he needed to stay healthy indoors. and after a couple of weeks, i knew we were finally home! [ female announcer ] purina cat chow indoor.

stocks shot up within minutes of bold steps announced by the federal reserve to stimulate a slow-growing economy by making it cheaper for businesses to borrow and spend. federal reserve chairman ben bernanke is hoping the positive reaction on wall street will trickle down to the unemployed. >> while the economy appears to be on a path of moderate recovery, it isn't growing fast enough to make significant progress reducing the unemployment rate. >> reporter: job seekers were hit by disappointing job creation numbers in august, just 96,000, about 45,000 fewer than in july and well under the 200,000 jobs needed a month to lower unemployment. >> this is a main street policy because what we're about here is trying to get jobs going. >> reporter: bernanke says the feds will buy $40 billion worth of mortgage debt a month indefinitely and extend protections keeping interest rates low. >> we're just going to have to see if it works. >> reporter: financial experts and lawmakers are leery. they're warning of unintended consequences like rising costs for goods and services. >> it really just is once again u

convincing talk from ben bernanke today that the federal reserve is ready to act to boost the economy. >> susie: i'm susie gharib. investors around the globe welcome the fed chairman's speech with a spirited rally. >> tom: planes, trains and automobiles. 33 million americans are heading out for the holiday. the travel outlook for labor day and beyond. >> susie: that and more tonight on n.b.r.! >> susie: ben bernanke made a strong case today that the u.s. economy needs more stimulus and he's ready to give it another dose to boost growth. his message was clear and delivered with conviction. investors around the world had been waiting eagerly to hear the fed chairman's speech in jackson hole wyoming and stocks in the u.s. rallied in reaction. here are the highlights: bernanke said even though the economy has benefited from fed policies over the past few years. the outlook is still quote "far from satisfactory." he described the high unemployment rate a grave concern. he believes the fed should continue using non-traditional policies to spur growth. and bernanke concluded by saying the fe

billionaire publisher, real estate mogul, issue number one remains the economy. federal reserve chairman ben bernanke reminding us all of that. today, doing all he could to revive this economy. the fed announcing an aggressive new round of stimulus buying mortgage-backed securities every month until the outlook for jobs improves substantially. it also extended its pledge of interest rates through mid-2015. the fed chairman saying the new stimulus will support recovery, but it's certainly not a cure for high unemployment in itself. austin, what is your reaction. extraordinarily, an aggressive move by chairman ben bernanke. >> i have two reactions. the first reaction is, we should be at the fed trying to figure out how to lose the monetary policy. five or 10 years ago, connie would have unemployment above 8% inflation well below the 2% target and the gdp growing 2%. the problem is, the interest rates are 0%. how'd he do that? they're trying to come up with it. the second reaction that i have is they use up most of their best bullets for qe. the first time they get it, the

patience pays-- stocks soar as ben bernanke and the federal reserve launch a new round of stimulus to boost the economy. but will that strategy, known as q.e.-3, work? we ask former fed governor randall kroszner. that and more tonight on nbr! the federal reserve announced today a bold plan to spend billions of dollars to buy bonds to rev up the u.s. economy and create more jobs. on wall street, investors applauded the move and stocks surged. as policymakers wrapped up a two-day meeting, they said they took this action because, without it, economic growth might not be strong enough to create jobs. but the fed's latest round of quantitative easing, what everyone calls q.e.-3, is different this time. the fed will buy mortgage backed securities rather than u.s. treasuries. it will buy $40 billion per month. more importantly, the fed said the buying is open-ended-- it promised to keep buying until the job market "improves substantially." and the fed pledged to keep interest rates "exceptionally low" through 2015. stocks rallied right after the fed announcement. the dow jumped 206 points, the nasadaq rose 41