it s time now for a check of the top business news stories i'm joined by a business that is a cake moody had a cake hi tom from the us federal reserve and how it expects the economy to fare. as the corona virus pandemic shows no signs of going away america's central bank has as expected kept its interest rates near zero- and suggested that it's unlikely to change that until. twenty twenty three it's a so them to keep that a comma stance at its bond buying program at a higher than usual rate. for as long as the economy needs it. fed saying it's hoping for inflation above 2% for some time. has said that economic activity and employment have picked up but it's still much weaker than at the beginning of the year. the future of the us ececonomy will depend almost entirely on state of the corona virus pandemic. offer some insight we can speak to christian lawrence senior market strategist at rabobank new york thanks for speaking to us on france twenty four this evening. let's start again with the federal funds rate we were expecting that to stay near zero we surprised at all by the time line n

the raiders just upgraded the company two notches for s&p in july and one for motors -- one for moody's quites tend to slow, but they will still lag the market. lisa: tesla has about $11 billion of debt. people are expecting them to be paying down that debt. they could take some of the money from this $5 billion stock offering and significantly cut their debt. are we going to see more of this , the idea of a company selling stopped to pay down debt in a reversal of what we have seen over the previous year, where they have sold debt to buy shares? joel: i think that is a possibility, but not at tesla. i do not think tesla will be paying deck. any i talked to management they are focused on growth and paying down debt as it matures. a lot of the debt we have our convertibles that are well on the money. ability to call in their 5.3% note offerings last month, and they passed on it, which is true to the commitment and the work they have described before. i think this is more for growth and to build out the infrastructure network faster were to work on a finance company. this is more of a gro