the markets have been ripped, six straight days of triple digit moves all because of the fed s. so what should you watch for when ben bernake spaeeaks now. >> what to know before you sign.

>> and healthy prognosis, why healthcare costs long the culprit of rising inflations are showing signs of slowing. that and more tonight. >> good evening everyone welcome. a triple digit move isn't what it used to be when the dow is above 15,000 but still eye catching, especially when it's the sixth in a row for the blue chip meter. it's the highest in three weeks. with the small company rising to a record up 1.2% on the day. so why the big move today? well, for one thing, talk of the big taper tapered off just a bit. investors ears tuned as always to the federal reserve seem persuaded ben bernanke and his people won't do it when think finish the two day-meeting tomorrow.

today's economic news benign. housing up less than expected and inflation jumped a tenth of a point and last month less than forecast. building on monday's gains, stocks started the day higher and started there and at the close the dow up 148 for a two-day gain of 1.46% and the snp up 12. so what will the federal reserve policy makers do and how will traders and investor pass through every word from ben bernanke in his press conference. what to look for from the fed. >> it's the host important fed meeting since well, the last fed meeting. anyone hoping trade meters moved on from the federal reserve policy move must be sorely disappointed. >> ben bernanke has to open his mouth and say hello and it will move. >> this latest bounce back off the 50-day at 1600 has

definitely been in anticipation of some dovishness from ben bernanke. >> what's the one thing the fed can do or say tomorrow that you think will be a calming presence on the market? >> i don't think there is anything they can say that will be calming. >> for weeks there was trading on reports what the fed will decide to do when the two-day meeting conclude s tomorrow afternoon. it's been a sea saw ride in wall street. stocks started selling off on may 22nd when ben bernanke said it could prompt the fed to pull back on stimulus within the next couple meetings. then stocks rebounded when the wall street journal said the so-called tapering of bond businesses was not in the cards this time around. yesterday, it was back to selling off when the financial times said the fed is at least likely to signal tapering is close. >> my belief is tapering has begun because jawboning is a function of tapering. >> what is telling about the

jitters on every rumor about the fed is it reflects a broader concern in the market that the u.s. recovery still isn't broad based enough to stand on it's own two feet. the latest reminders, consumer inflation last month raise 1.4% from a month earlier and the unemployment rate up in may. perhaps he put it best in this tweet saying for today at least all is quiet on the eastern front but he cautioned bernanke must be careful to keep it so. for nightly business report, i'm kelly evans in new york. while investors wonder about the feddest next move, president obama speaking to charlie rose had to bit to say how long ben bernanke may stay on as head of the central bank. >> i think ben bernanke has done on outstanding job. ben bernanke is like the head of the fbi where he's already stayed a lot longer than he

wanted or supported to. >> remarks were interpreted by some as a suttle indication that the president may be readily to let bernanke walk. he has been there since february of 2006 and reappointed in 2010 and the next term ends on january 31st of next year. the new york stock exchange in the spotlight not because traders were on fed watch but word it was a target of a terror float. an official said at a house hearing the nsa's controversial spying program at one time helped stop a plan to bomb the nyse. >> nsa utilizing was monitoring a known extremist in yemen. this individual was in contact with an individual in the united states named khalid. he and other individuals that we identified through a source the

fbi applied for were able to detect a plotting to bomb the new york stock exchange. >> intelligence officials said that plot was among 50 potential terp -- terrorist attempts. leaders wrapped up a two-day summit in northern ireland today. president obama and others were vowing to close tax loop hopes and more. >> reporter: here the ga summit david cameron achieved more than many expected. the official agenda was about trade, tax and chance parasetra including automatic sharing of company details that could have ramifications of this world. new trade deals, 100

billion-dollar deal between the u.s. could be on the cards as soon as the end of the 2014 and for the developing world a deal on transparency for those mining companies, as well. coming into this meeting there were a lot of concerns that sir yin i -- syria and the conflict and despite the russianings and the develop, especially we do appear to have a 7-point plan from the ga as to sorting out the conflict in syria including key point here about having a transitional government to pave the way to some form of consensus government and some form of democratic institutions in syria. so very important there. they also condeemed the use of chemical weapons in syria here at the ga and talked about 1.5 billion-dollar of new hum humanitarian aid. more charges against a former trader at ubs who is still the first and so far only person charged in a worldwide investigation into the

manipulation of benchmarked interest rates during the height of the financial crisis. a year after u.s. prosecutors charged him of similar crimes, british authorities have charged former trader tom hays with eight counts of conspiracy to commit fraud for changing the london bank rates to set interest rates on mortgages and lots of other loans at banks around the world. the next time you hit starbucks think twice before ordering a large sized peppermint mocha with whipped cream with 660 calories and starting next week you can, not good news for me because the world's biggest coffee chain will post calorie counts for all drinks at all u.s. locations. investors didn't seem to mind. shares of starbucks all-time high today closing 1.5% higher. too many high calorie coffees and you may need to see

a doctor, if you can afford it. price waterhouse coopers is getting a lot of attention after finding medical cost transit known as hemedical inflation is slowing down and consumers and companies keeping a close eye on healthcare cost is a big reason why. bertha coombs has more. >> reporter: these health clinics are new in the u.s. fewer than five in ten americans use one. >> i go to canada and see these all over the place and that's what people do in that market. >> reporter: last year, one in four of us opted for a more affordable clinic at some point instead of our doctor's office or emergency room. >> i wouldn't use an emergency room other than absolutely necessary because i know how expensive it is. >> reporter: those kind of cost conscious decisions are helping to drive down healthcare inflation. >> if you think back to say the

early 1990s, the healthcare costs projectorry was straight up, double digit increases year after year. we're now really coming down into the 4, 5% range. >> reporter: in a new report they project medical costs for the largest employers and workers will grow 6.5% next year, down a full point from the estimated 7.5% growth rate for 2013. part of the reasons, workers are footing more of the bill. >> i feel like they keep taking more and more away from my benefits, you know, me deductions and they are paying less and i'm paying more. >> reporter: employers are also pushing back at providers like hospitals. they are opting to send workers to high performance health networks like the mayo clinic. >> these are places employers are signing direct contracts with to do some of the most difficult cases they might have and because their outcomes are so solid, it actually brings

down the cost. >> reporter: pwuc believes this cost conscious trend among patients and payers is here to stay, and the taming of medical inflation will result in long-term savings. for nightly business report, i'm bertha coombs. still ahead, the most important questions you need answered if you're considering taking out a reverse mortgage. but first, a look at stocks hitting 52-week highs today. the auto maker chrysler reverted what could have been a public relations disaster

finally agreeing not to fight 2.7 million older jeeps. safety officials say the vehicles are at risk catching fire in a rear-end crash. for weeks chrysler insisted the jeeps didn't move recalls to move the gas tanks despite 51 deaths related to collisions from behind. chrysler still says the jeeps are safe but agreed to the recall to make sure jeep owners feel the same way. for more on the recall, you can log on to our website n brknbr. yahoo is buying start ups but is the strategy working and what is the real goal for the company. john fort has that story. >> reporter: you might have noticed yahoo is buying a lot of companies lately. as melissa myer approaches her one-year anniversary, the company is clearly going into expansion mode.

last month there was tumbler for over a billion dollars and last week ghost burg software and now kicking the other companies. what is driving this buying spree? it's not necessarily yahoo wants to own the products and services they make. part of the reason yahoo is buying the come opinikocompanie talented engineers. >> the talent side, they are so good they have such an impact the only way to hire them is to buy the company they founded. so it depends on your business strategy is and how critical it is and developing web-based service social securiis is crit >> reporter: what if the cultural fit isn't right and what if those people in the company don't stay? >> you have to make a plan to be

attractive to stay there. not just bonuses but a promise they will maintain the culture and environment the way it was before. >> i like yahoo, so do my friends. >> reporter: those concerns led myer to put out a press release promising not to screw it up. yahoo isn't alone. apple buys a lot of small companies and just doesn't announce them unless it has to. tim cook is buying more than usual, nine since october or one a month. google and facebook bought several, too. the difference is while the other series are trying to buy startups quietly to keep the motive secret, yahoo is shouting from the rooftops because they want everyone to think they are becoming a cool place to work again. a lot of winners in today's market focus beginning with general electric leading the dow on the avenue ration leasing and aircraft engine businesses and ge making news with amazon bu

putting a wide range of technical data for those engines online. considered a multi billion-dollar engine. ge up more than a quarter, a multiyear high there. hewlett packard accepted a new assignment, hewlett led the dow up more than 78%. today's trading shares were up more than 1% to close at 25.44. sony jumped as the hedge man boosted stake. he is pushing for talks with sony's bored so he can pitch the plan to spin off sony's music and film business. they gained more than 3% to 21.40. another big gainer today, the sen sorp asor and imaging m with a $$33 target.

the business is stable enough and won't pull down the commercial side. shares are up 19% year to date and surged more than 6% to 26.49. adobe systems respected solid revenues of more than $1 billion. the company ease cloud service bookings were up 25% as users make the move to adobe's close base programs. they trade in a regular range and spiked on earnings news despite softer guidance from the current quarter. on capitol hill the pros and cons of reverse mortgages. at a senate committee hearing lawmakers drilled down into the controversial and widely advertised loans looking for ways to protect consumers. a lender pays money to a portion of his or her equity but the borrower has no monthly payment. the loan plus interest is paid back after the home is sold or the homeowner dies or moves out.

our guest tonight says there are risks and rewards to these special mortgages with a twist. he's vernon hayden management of hayden world management. good to see you. >> tyler, good to see you. >> they are widely advertised to people 62 and older. you are cautious about them. let me put the question this way, who is the ideal candidate to take out one of these loans? >> i really have mixed emotions about this because you're talking about older people incurring debt at a really weird time in their life, and people have to keep in mind that there's two kinds of debt, constructive and destructive and reverse mortgages have the potential for being each one of those. very constructive if for people who need to close the gap on their gap and supplement it -- supplement social security to add to it so they have a descent lifestyle. so i think it's for those people who carefully plan to use

something like a reverse mortgage and not turn into a destructive thing like an atm machine or credit card because reverse mortgage can be set up to just draw on it whenever you want with any amount of money up to the limit. >> so vern, four people that do fit the profile that is right for them. can you give us two tips on what they should or shouldn't do so that they don't get burned because we do see all those sales pitches on tv all the time. >> short-term decisions have long-range consequences and here people have to be careful about who is the owner and the borrower on this debt because if it's a husband and wife and only one of them becomes the barrower and that person dies thanks loan has to be immediately paid off and that could leave the remaining spouse hanging out there without anything except social security. >> so you want to make sure if

you have a surviving spouse that both of you are on the deed to the house and remain so and both of you are on the loan and if you -- if they tell you to take one name off, then that other person may have to sell the house to repay the loan. what in terms of fees do you need to look at? and i gather these loans number one have higher interest rates or mortgage rates than conventional mortgages do and sometimes can have fees. >> that's exactly true. it was terrible in the past where some of these were created originally and like highway robbery the fees were so much, but there is an origination fee and that fee has a broad range depending how you get the loan, and then the interest rate. the interest rate is lower if somebody is older and if the house is valued at a higher amount, but people have to be careful, those interest rates now can range anywhere from 5 to 7% and sometimes even higher. so people have to negotiate and

so forth. i think the safest way for most people to take a look at this is to look at the federal -- the housing authorities where they insure the loans and make sure that every person considering this has a good counselor by their side before they commit to the loan. >> that's really good advice, vern. you do give advice all the time to your clients. let's say you have a baby boomer on the young side and needs some financial help with bills or debt or whatever, if not a reverse mortgage, what advice do you give? >> the first place you got to be 62 to take it. i know that's still in the baby boomer range, but i think they still need to do everything possible before using the reverse mortgage at that stage of the game, and they should be working with somebody that will help them plan runout scenarios, what if we do this and what will happen if we make this decision

versus that decision. they need some advice and some help from qualified people that may even charge them a fee to do that. it's well worth it if it's a good person. >> vern hayden, thanks very much. thank you. and coming up on the program, how hummus is becoming big business in america but first treasures, commodities faired today. things just got a lot harder if you want to keep your elite status in the united airlines frequent flier program, especially if you're a discount ticket buyer. the airline used to require

25,000 to stay in the elite program and after merging with continental last year you have to spend at least $2500 a year to get seat upgrades and perks and baggage other fees don't count toward that total. a bold move by the u.s. government today to property up sugar prices. the department of agriculture will spend about $38 million to buy home grown significant near a decade. they will make it available to refiners. the goal is to cut into a surplus that sent sugar prices to four-year lows and remove 300 tons to the market that can help default of glove loans by refiners. as americans want healthier foods, one company is bringinged middle east here, hummus. jane wells explains. >> reporter: springtime and while other farmers debate whether to plant corn or

soybeans, frank wolf is debating how much of his farm in washington state to commit to chick peas. >> we see a 10% increase of production on our farm if pricing of chick peas stays stable or increases with demand. >> reporter: why the increase in chick pea demand? they are the main ingredient in hummus, a mediterranean staple that's becoming the dip of choice in the u.s. >> it's, you know, it's -- this is the thing we're using. >> reporter: he's ceo of sabra, a joint venture between pepsi and strous and sales have grown from $16 million to $800 million and most americans haven't tried hummus yet. >> the penetration of hummus in the u.s. is a low number right now. it's something like around 20%

of house of penetration. so the opportunity is huge for us. >> reporter: they are pouring some profits into an rnd lab to figure flavorers americans might like and the best chick peas to grow to improve yields and talking to virginia tobacco farmers to see if they will maybe switch to chick peas. they hope americans won't just be dipping hummus but spreading it. watch out peanut butter. >> it's only the beginning. >> reporter: sabra's success is not unnoticed in the mideast where the lebanese said israel co-opted the product. if they can reduce tensions in the middle east to merely a food fight, that would be fine. and finally tonight, two stories about dollar bills. the first, ben conan was in washington today stamping dollar

bills with the slogan not to be used for bribing politicians. it's to get corporate money out of politics and treasury secretary jack lieu's signature that got a make over to appear on u.s. currency. here is what his signature used to look look bake in january but after needling by colleagues including his boss, president obama here is how his john hancock will appear on 5-dollar bills this summer. >> i like the old jake lieu signature. >> doesn't look like much of a signature. >> that's nightly business report tonight. thanks for watching. >> be sure to log on to our website nbr.com and we hope to see you back here tomorrow night. nightly business report is brought to you by the

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the following kqed production was produced in high definition. >> narrator: this time on "spark" -- ♪ first, the hot club of san francisco keeps the legacy of legendary gypsy guitarist django reinhardt alive and kicking. ♪ >> django made the guitar, like, a real instrument. he put the guitar in the front. ♪ >> narrator: then, sean dorsey carves out new space for transgender and queer artists in modern dance. >> what he taps into is the fact that everybody has struggles around their gender. >> narrator: and kerry laitala creates handmade cinematic art, one frame at a time. next on "spark." >> narrator: major support for "spark" is provided by -- the james irvine foundation, expanding opportunity for the people of california. the william and grehe