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Added on the 05/06/2016 20:06:49 - Copyright : Viral Video Online
President Joe Biden says that his efforts to create US jobs were not intended to be at Europe's expense after complaints by French President Emmanuel Macron over state support to green industry. "My point is -- we're back in business, Europe is back in business. And we're going to continue to create manufacturing jobs in America, but not at the expense of Europe," Biden told a joint news conference with Macron. SOUNDBITE
Supply bottlenecks and a shortage of workers could put pressure on US prices for longer than expected, Federal Reserve Chair Jerome Powell says. "As the reopening continues, bottlenecks, hiring difficulties and other constraints can prove to be greater and longer-lasting than anticipated," Powell tells reporters following the central bank's two-day policy meeting. SOUNDBITE
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The Dow Jones Industrial Average broke above 20,000 points at the New York Stock Exchange for the first time Wednesday morning, setting a new record on Wall Street. The second-oldest stock market index in the US nearly reached this landmark on two previous occasions before reaching the once evasive mark at the opening bell. At the trading day's closing bell, the index had set a record high of 20,068. The DJIA, also known as the Dow 30, measures the performance of the 30 largest publicly owned companies trading in the US. Apple, Goldman Sachs and ExxonMobil are among some of those companies.
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