Amna Nawaz:
Also today, leaders of the nation’s major banks began a two-day regularly scheduled meeting in Washington. They’re expected to discuss their $30 billion rescue of First Republic Bank, based in San Francisco.
On Wall Street, Yellen’s comments helped lower tensions and boost stocks. The Dow Jones industrial average gained 316 points, or 1 percent, to close at 32560. The Nasdaq rose 1.5 percent. The S&P 500 added 1.3 percent.
The basketball world is in mourning tonight for NBA Hall of Famer Willis Reed. He led the New York Knicks to their first title in 1970, playing injured in game seven to beat the Los Angeles Lakers. Today, the Knicks tweeted the iconic image of Reed walking on to the court moments before tip-off for that game. He won another title in 1973 and was also a seven-time All-Star.
Willis Reed was 80 years old.
And the White House hosted some of the nation’s leading musicians, actors, and writers today. President Biden presented Bruce Springsteen with the National Medal of the Arts. He also honored Julia Louis-Dreyfus and fellow actor Mindy Kaling, among others. And National Humanities Medals went to 10 writers, historians and more.
Joe Biden, President of the United States: The work of our honorees is as diverse as the nation that celebrates with them today.
But common threads weave them together in many ways in the very fabric of America, the pursuit of excellence, the drive to create, the yearning to connect, and the boldness to be truth-tellers, bridge-builders, and change-seekers.
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