it's going to take groups like the world bank group, using our balance sheet.he good news is we're a bank. so we can actually put our balance sheet to use in putting together innovative instruments like insurance policies almost that when something happens, boom, it will fall into place. but, you know, we've been humbled by this, every single one of us. >> woodruff: as the head of the world bank, you're someone i have to ask about the segment. jeffrey brown just did that interview about what happened in russia, the collapse of the currency, the ruble, the effect of the falling price of oil. how roar wind are you and other folks who look at these issues about what's going on in russia right now? >> we're worried, but contrary to what but -- was said before, i think we could have seen this coming. the supply of oil had been going up for quite some time, and these prices do go up and down. we've seen this in the past. and in this particular case, there are winners and losers. and so, for example, even the countries that are dependent on remittances from russia who

this is one of the great strengths of the world bank group.t only work in the public sector with development assistance but we make direct investments, we make loans. going to ta major effort at bringing public and private together if we're to have any chance of meeting these targets. >> brown: are you afraid that the world might fall backwards? there's been strides in the last couple of decades with china and other countries with poverty. wee had a number of years of slow growth. are you afraid we might be moving backwards? >> we remain cautiously optimistic about what could happen in the future. we know developed economies have to grow in order for us to meet our targets in the developing economies but the growth in the developing economies has been one of the good news stories over the last five years. more than 50% of the growth globally has come from the developing economies and this year they'll grow at 5.5%. many of those countries that make tough decisions around fiscal consolidation, around investing in health and education they could

he's the director of macro economics at the world bank group and an author of the study we referred to. sir, welcome. good to have you with us. >> thank you. >> i gather, correct me if i'm wrong, that much of the cost that you describe under a worst-case scenario, $33 billion concentrated in west africa is traceable to what you describe as a version behavior that people would engage in in those economies. the economy fund mentally shuts down as people, factors don't travel there are afraid to do business in those nations. could that aversion behavior lead to the collapse of those countries? >> yes, in someways this crisis is not contained in the very short term, we can anticipate an enormous cost for these countries. right now for those countries, we estimate for 2015, the cost, the price cost would be $800 million if this crisis is not contained. this is a very significant amount of money for economies that in total have a gdp of $12 billion. >> john, you also write in your report that you have two scenarios, there is a high ebola and low ebola and that has a factor in this price tag

world bank. >> the only group whose income did not rise between 1988 and 2008 were really the lower middle class and high end countries, from the 75th to the 85th percentile, their incomes did not rise. their complaints, their anger i think is real. it's based on the fact that they did not enjoy the benefits of globalizn lik everyone else. >> repor the pew study found those with rising incomes or those with the highest education and the most skills. >> they have more education, more experience, more training. and at the same they want people with different types of skills. they want people with social and analyticalskills, lesser demand for people with physical skills. >> reporte tha could explain the young versus old gap in wage gains. mo and more younger americans are in school, gaining the skills the labor markedemands. many older workers retire. those who remain working could be better paid because they have the needed skills. fo now, the labor market wants more skills. luckily, it also shows americans know they need those skills to get good paying jobs. for "nightly busine i'm steve liesman

and because the world bank is not first and foremost a research group it needs to build on things thatave been tried. and california is a great test bed because we're willing to do the research and try. the world bank can pick the ones that have worked best. and i'm really hoping that what will come out of it will be a dialogue. developing countries learn from us, we learn from them, and we're able to put the best of those things in place just as they're ramping up their energy use so they're much cleaner at the start than we were. >> speaking of dialogues and implications beyond california i have to ask you about proposition 23. this is the ballot measure that would seek to suspend the state's landmark climate legislation for, you know, what is really an indefinite period. where do you come down on it? >> i'm really disappointed that it's come to having a ballot measure on this. and there's a couple of reasons. one is that the letter of prop 23 says that until the unemployment rate comes back down to 5 1/2% for four consecutive quarters the greenhouse gas law would be suspended. well,

standard chartered, one of the, again one of the largest banks in the world, not only evaded sanctions on funding terrorist groupsd nations that we say are funding terror, but actually had training manuals on how to deceive the united states regulators. so these are banks doing things that used to be in those really bad novels that you would read at an airport when you had only 10% of your brain functioning, right, about bankers, these awful conspiracies and they're funding terrorists and such. well, they actually are. it's the modern reality. >> what does it say about our financial capitalism? >> well, there's no threat to capitalism like capitalists. they are destroying the underpinnings./$px and when dishonest people gain a competitive advantage in markets, it creates something that in economics and criminology we call a gresham's dynamic. and that means bad ethics drives good ethics out of the marketplace. and so the key is to have a real rule of law, to have real regulation. because that not only protects the consumer, it protects the honest banker. >> but you've just described a situation which has to disco

and today, the head of the world's most powerful central bank returned to the classroom, teaching a small group of students at george washington university about the history of central banking. darren gersh was there and took some notes. >> reporter: i don't know about you, but none of my college classes had a dress code or a professor who brought a bomb- sniffing dog. but then again, few lecturers have lived and shaped the history they are teaching. >> so, it's very important to get in there aggressively as a central banker, provide that short-term liquidity, and avoid the collapse, or at least the serious stress on the system. >> reporter: when you hear professor bernanke describing how the federal reserve handled the great depression, it is easy to imagine chairman bernanke telling himself "i won't let that happen again." and he should know-- he's one of the world's experts on the history of the great depression. >> unfortunately, the fed met its first great challenge in the great depression, and it failed. >> reporter: 30 lucky students earned a seat here by submitting an essay on the fed.

there are other groups like the world bank, the gates foundation, countries like germany, u.k.. the u.s. is responsible for 1/6 of the organization's budget. is president trump's characterization that the u.s. is shouldering an unfair burden here wrong? lawrence: yes, actually. i think it is wrong. but it is not totally wrong. let me explain. the w.h.o. has a budget of roughly one quarter of the u.s. edc. for a global institution, it is chronically underfunded. it does not have the resilience and funding that it needs to put out fires. the united states should not pay less, but other countries should pay more. china should, india, the gulf states, many other middle income countries. i think that trump would do a much greater service to the united states and the world, if he stayed in and renegotiated a deal. yes, let's make w.h.o. more resilient. let's find it better. let's make it more powerful. and let's make it more accountable with financial oversight. but leaving it would greatly damage the united states national interests, and world health at large. it is not really like

people were hoping at the time the chairman of the world bank james wolfenson he got together a group of philanthropists, many of them jewish. they invested money in buying all these agricultural facilities, greenhouses hot houses because the hope in the wake of israel's withdraw we trigger a new area between arabs and palestinians and use this opportunity to focus on prosperity and develop for their own people and create what some people said at the time a singapore on the mediterranean. instead they got an iran and the ones who suffered the most are the residents who live there. as soon as you got a palestinian leadership dedicated to improving the lives of their own people, dedicated to the idea they will life permanently next to a sovereign jewish state we will be able to resolve all those other issues, i have though doubt about it. >> rose: ron thank you. ron dermer, israel's ambassador to the united states from washington. back in a moment. stay with us. >> rose: we continue our conversation about the crises between israel and hamas with are are riyad mansour. i many pleased to

world and governs the price of goods we i and sell. if it is rigged the price of those goods could be affected . bankers will make more money for themselves and their banks. one groupf traders was known as the three musketeers, another -- the cartel. another trader was told that if he messed up the manipulation he should sleep with one eye open. despite the huge fines, banks in london and down the river at canary wharf, no they are not out of the woods. it is worth remembering that so far things have aid out more than or 2 billion pounds in misconduct charges since 2011. those fines are likely to get higher and higher. katty: on tuesday the city council in los angeles voted to increase the minimum wage from nine dollars in our to $15 by 2020. it is a big change were more than 40% of the workforce earns less than the new standard. if follows a growing trend that has already been seen in chicago and san francisco that approves similar increases. i spoke with jennifer medina. she wrote on this topic for "the new york times to go how important is this shift from nine dollars to $15? jennifer: it is huge for the individual and the political landscape, in california and

i'm curious why citi group above some of the other choices in the big bank world. >> well, they -- you know, they are trading below book value, so when people say is there still tolue in the market, i point to names like city because you can buy below book value. they pay a subpar dividend because they are waiting for the 2014 process to go through. in the meantime, they have been accumulating all their capital requirements for the regular ray to -- regulators so they should be sit waited and return cash to shareholders in the form of increased dividends. >> you have general electric as a pick and we we ported a moment ago they are increasing by 16%. i'm sure that will make a lot of investors happy. when you look at this stock over the past year and decade, it's always been somewhat in this mid $20 range. why should invest tors buy this stock? >> because they are finally figuring out how to separate the industrial health care business from the ge capitol and the target is to be 70% industrials and only 30% ge capital and making good there. ge capital has been up to the parent company b

world news america." president trump, inciting extremists in a last-ditch did to remain in office. tensions in the west bank, militant groupsn the rise as israel increases military raids. four time olympia champion mel pharaoh reveals he was trafficked into the u.k. as a child and forced to work as a domestic servant. the first extraordinary images from nasa's telescope. leaving scientists speak with -- speechless. >> there is so much room from these few images for me information. michelle: welcome to "world news america," on pbs and around the globe. capitol hill in washington today , the january 6 committee sought to show that donald trump was the central figure that set everything in motion and he should be held responsible. congresswoman liz cheney spoke on how the former president is still trying to exert his fluency and reach out directly to a witness we haven't heard from. >> after our last hearing president trump tried to call a witness in our investigation. a witness you have not yet seen in these hearings. that person declined to answer or respond to the president -- to president trump's call and alerted their law

bank. >> and now bbc world news america. >> this is bbc world news america reporting from washington. the islammist group claiming responsibility for kidnapping ool girls and ch threatening to sell them like slaves. a bbc team is in south sudan as the government tries to capture a key down from rebel forces own woman using her talents to carry on a family tradition. welcome to the viewers on public television in america and around the globe. in a chilling video an islammist military group admitted it kidnapped over 200 school girls in nigeria last month and the group's leaders says he considers the girls slaves and is planning to sell them in the marketplace. there is growing criticism of the failure to find the teen agers. >> the first confirmation of the fate of the girls abducted in a video released today. the leader of the islammist group standing in front of a karsaying i abducted your girls. i will sell the woman in the market. there is a market for selling humans. i will sell women. their grief and heartbreak moved the world. it has been three tormenting weeks since they were reported missing but

macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org >> this is "bbc world news america." vermont, and honolulu, and union bankelationship managers work hard specialized solutions and capital to help you meet your growth objectives. solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news america." >> egypt strikes back against islamists in sinai. could this volatile region be heading to even greater instability? of political scandal in china moves to the court start with laundering of british businessmen -- moved to the court. guitarist with laundering of british businessman. -- charged with laundering a british businessman. welcome to our viewers on pbs america and around the globe. he has only been in office for a month, but egypt's new president faces a major security crisis. after a weekend attack on order please the left 16 guards dead -- a weekend attack the last 16 guards dead. we have more on the high stakes of this volatile situation. >> -- second field army has moved in. the president said he will increase pressure. the army said they killed 20, all

bank is slapped with another record fine. this time for what j.p. morgan didn't do when it learned of bernie madoff's ponzi scheme. plus, the head of the u.n.'s world food program, the groupont lines of the fight against hunger, in areas crippled by violence. >> in the central african republic there are 100,000 people in and around the airport itself, in bi.

world. it is set in a fairly controversial manner, actually. it's arranged by a trade group of banksery day around lunchtime in london about 16 banks submit to the british bankers association data that is an estimate of how much it would cost those banks to borrow from each other. so there's not very much oversight over how the banks submit that data. and what we're seeing now, and there have been suspicions about this for several years now but what we are now seeing very concrete evidence of is that the banks deliberately and knowingly submitted false data to benefit themselves. >> so explain how the scheme that barclays has admitted to, how it worked. this is teen 2005 and 2009, right. >> yes. and it's just at the outset it's very important to mention that this is barclays had settled these charges this week but there is every reason to believe that this is a wide spread industry practice. and there is clear evidence of collusion. barclays is getting alot of the blame for this right now but everyone was doing this. basically there were two things that were going on. first of all, b

sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org >> this is "bbc world news america." d.nion bankd th >> this is what a personal economy look like. as life changes, fidelity can help you readjust or change aloe way, refocuses careers change and kids head off to college and revisit your plan as retirement get closer. wherever you are today, the dottie's guidance can help fine tune your personal economy. fidelity investments -- turn here. >>@union bank, our relationship managers were cartoon or your business, offering specialized illusions and capital to help meet your growth objectives. we offer expertise in tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news america." >> reporting from washington, i am katty kay. shock and determination in oklahoma after a mile wide tornado flattens these suburban neighborhoods. we are live on the scene. local residents combed through the debris. has the darling of the tech world

can see from this huh brics bank there is a desire to set up a different kind of institution to represent perhaps the different political grouping, other than the western world. >> rose: thank you, thank you henry, thank you, michael. the book is called china's super bank, debt, oil and influence, how china, at china, how china's development bank is rewriting the rules of finance. thank you, guys. >> thank you. >> rose: thank you for joining us. see you next captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org auto . >>> this is "nightly business report" with tyler mathisen and suzy gharib. brought to you by -- >> the street.com. interactive tools foor an ever-changing world. our dividend stock adviser helps guide income at a period of low-interest rates. we help you invest and trade stocks. action alerts plus is a charitable trust portfolio that provides trade by trade strategies. online, mobile, social media, we are the street.com. >> finding growth. the economy expands, but some say it's not fast enough. what it all means for you. >> big mac. how mcdonald's sees the broadest economy. >> social investing. why

important, kaiser's data bank has detailed electronic medical records for those participants that go back at least 15 years, a collection rare in the medical world. >> it's a large group of people who we know everything about their medical history. we can look across diseases and see, are there common elements in these diseases? are there common genetic influences that lead to a variety of diseases? >> reporter: the d.n.a. samples kaiser collects are anonymous and private; the health records have been "de-identified." individuals who donate blood or saliva will not learn of their own genetic profile. the data bank is for research only. a steady stream of those samples gets delivered daily to kaiser's bio repository lab, according to sunita miles, lab manager. >> these are big bags of saliva we received. they come from consenting research participants. they receive the kit, they spit into the kit, and they then close the cap and send it back to us in a yellow envelope. >> reporter: researchers say that kaiser, with 5.5 million california members, is an ideal partner in building the gene data bank. in northern california alone, it does 30 million blood tests a year, an

sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org >> this is bbc world news america. >> union bank has put its global expertise to work for a wagering of companies. what can we do for you? >> and now bbc world news america. >> this is bbc world news america. the west speaks out after months of government crackdowns a chorus of international leaders say it is time for a change at the top in syria.

world looks kind of scary. we think that part of the business looks good. the fundamental banking business still quite tough. >> tom: to that point, when we group together traditional banks and so-called i banks, investment banks we get this kind of earnings expectation picture from 5.6 billion a year ago, expected income according to thompson reuters 6.7 billion in the completed fourth quarter. but much of that coming from traditional bank, not investment banks. so you know, there's a lot of new regulations coming from i banks but seem you seem pretty bullish despite those regulations. >> pretty bullish i think is the right term because we see a lot of regulations with i banks but there are a lot of regulations coming at us for the regional banks. when you think about the fees constrained, the credit card issues, some of the deposit fees coming at us on the regulatory issues. that makes it tough. the other thing fundamentally if you think about growth, loans in the united states are not going to grow in 2011, at least by our expectations. and that's really what drives regional banking. investment banking, there is some real growth there. >> tom: and some of that g

productions captioned by media access group at wgbh access.wgbh.org >>> this is nightly business report. >> markets around the world sell off as investors worry about a bank bailout plan for cyprus means for trouble. >> paul krugman diagnoses american's biggest economic challenges and builders say demand for homes up and so are costs and buildable land is scarce. why home builders aren't as confident. we have that and more starting right now. >> good evening. tyler, it's amazing how one small country in the mediterranean can create big problems for the rest of the world. >> this is a tiny bite. stock markets around the world wobbles as part of the plan to bailout cyprus. part of the plan will take money from the depositors. cyprus has an economy the size of vermont but the assets eight times more than the country's gdp. therein the financial woes come as no surprise to analysts. listen to what alan greenspan said friday. >> europe has been hanging over the american markets for quite a while. the removal of that risk, i think temporarily, i think it is only temporary, has enabled the underlying forces of the market to begin to come into vision. >> and toda

banks, p's, and the -- philanthropies, and the private sector are helping countries around the world. >> some environmental groupsain the pledges are not ambitious enough. in iran, thousands turned out for anti-americanes that were canceled last year because of the pandemic. crowds gathered in tehran and other cities to mark the 1979 takeover of the u.s. embassy. the embassy crisis lasted 444 days before 52 american hostages were released. back in this country, the nba is investigating the owner of the phoenix suns for making racist and massage are listed -- for allegedly making racist and misogynistic comments. employees claim saver repeatedly used the n word and made lewd comments about women. sarver said the report was inaccurate and that the n word is not part of his vocabulary. the u.s. senate confirmed robert santos for director of the census, the first person of color in that job. the 2020 census struggled with the pandemic. in economic news, new claims for jobless benefits fell again last week to 269,000, but the trade deficit hit a record high. still to come on the newshour, the controversy over the juro

bank of america and citi-group another $950 million. >> woodruff: a harrowing scene played out today at the brand new one world trade center in new york window washers had to be rescued from 69 stories up. firefighters smashed a glass panel to bring them inside after they'd dangled for more than an hour. a building spokesman said one of the cables on the large scaffolding broke and left it hanging at a sharp angle one world trade center replaced the buildings that were destroyed in the 9/11 attacks. >> ifill: wall street mostly ran out of steam today after a series of record closings. the dow jones industrial average lost two points to close at 17,612; the nasdaq rose 14 points to close at 4,675; and the s&p 500 dropped a point, finishing at 2,038. >> woodruff: still to come on the newshour. how to make the climate change deal work. the complicated relationship between china and the u.s. a historic landing on the surface of a comet. what's next for the democratic party. answering your questions about the health care law. arguments over alabama's voting districts. and protecting the home of the last of the mountain gorillas in the cong

the most well-financed terrorist group in the history of the world and that has to concern us very greatly. >> charlie: because when they take them down, they take the banks>> and you have hard currency and gold sitting there. >> charlie: but at the same time, you know, you do have the saudis saying to their sunni friends, don't get involved with -- and they weren't saying that in the beginning because all those people were saying i would rather be with i.s.i.s. than maliki. that was the tradeoff, right? >> yeah, and i think the saudis have been surprised themselves with just how far i.s.i.s. has been able to move in a relatively short period of time. >> charlie: what's going to happen in iraq? >> well, the kurds are in a very good position now. they've taken probably 40% additional terrorist in the course of the last several weeks on the back of i.s.i.s. fighting with maliki and the shia. in addition to kirkuk, they've taken oilfield and kicked out the iraqi national operators of the fields and you have kurds doing it. so the kurds look good, talking about declaring independence. frankly, they don't need to. they need to sit with what they have. >> charl

can see from this huh brics bank there is a desire to set up a different kind of institution to represent perhaps the different political grouping, other than the western world. >> rose: thank you, thank you henry, thank you, michael. the book is called china's super bank, debt, oil and influence, how china, at china, how china's development bank is rewriting the rules of finance. thank you, guys. >> thank you. >> rose: thank you for joining us. see you next captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org >> the following kqed production was produced in high definition. [ ♪music ] >> it's all about licking your plate. >> the food was just fabulous. >> i should be in psychoanalysis for the amount of money i spend in restaurants. >> i had a horrible experience. >> i don't even think we were in the same restauran

enablers-- basically the inrnational group of very respectable companies, accountants,s, hensultand law firms and banks that have lped her set up companies aund the worldactionsto get money out of angola and into the, the bloodstream of the global financial system. it's american companies that are legitimizing the rise in wealth, you know, of this person, isabel dos santos, daughter of the long-time president, making her richer and using angolan state money to do it. >> narrator: when sindika dokolo first bought in to de grisogono, it wasn financial trouble. ♪ this letter, and organizational chart, reveal that he hired the u.s. managemt firm boston consulting group to help turn it around. >>e know from the documents edat many banks were... st away from her, the international banks, because s there are veict anti-corruption rules, and they have, you know, lots of compliance officers. t d we see from the emails that they were reluct do business with her, but boston consulting group was not. why did they agree to work with thiserson, isabel dos santos? ♪ >> narrator: in fact some of the consultants went on to leave bcg and become the jewelry company's top

macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org >>> banks under fire again. why some are questioning whether the world's largest financial institutions are artificially inflating the price of everything, from beer cans to cars, to airplanes. >>> how satisfy is your pension. detroit season the the only employer who made big promises to current and former employees. >> how to not outlive your money. how much can you safely pull from your

world news america." the bodies of three israeli teenagers who went missing two weeks ago have been found in a pit in the west bank. israel's prime minister warns hamas will pay. the sunni militant group isis announces it is establishing an islamist state made up of territory it has seized in iraq and syria. as the u.s. gets ready for the next game in the world cup, we are on the scene of tuesday's match with fans who cannot get enough of football. welcome to our viewers on public television in america and around the globe. three israeli teenagers who went missing earlier this month in the west bank have been found dead. an israeli military spokesman says their bodies were found make it -- in a pit north of have run. israel has accused hamas something they have denied. the cabinet met in emergency session. prime minister netanyahu vowed hamas will pay. kevin conley reports. >> from the moment they went missing, israel prayed for their safety and feared for their lives. israeli army staged huge security sweeps across the villages and towns of the west bank looking for the missing teenagers. at least five palestinians died in rioting sparked by those operations and hundreds were arreste

and other countries in the group of 20 agreed to increase china's and india's and other shares of i.m.f. quote expaz world bank quote as. congress hasn't passed that in five years, which is crazy. we-- we-- it doesn't cost us much, if anything. >> rose: but that's exactly the point isn't it? that's the point. we can't continue to behave like that as a great nation and have the same kind of growth, investment, innovation, and creativity if there's no investment in it and if we're-- >> i say that in the book. so i'm not totally disagreeing. but i'm saying if you ask is the united states still got a lot of strength which comes from outside of government -- >> let's take the trade deal. are you for it? >> yes. >> rose: tell us why it's important. you look at a lot of-- it may not pass the houses, as you know. >> it's important because if you look at the capital that we've invested in, a lot of countries in the region are counting on us to go through with it. if the congress turns this down, it will be as-- add this to bob gates' line of things which are a failure because of domestic politics. japan is ready to go.

group at wgbh access.wgbh.org >> this is "bbc world news america." funding for this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bankank has put its financial strength to work for a wide range of companies, from small businesses to major corporations. what can we do for you?

world's biggest banks at issue, securities that led to the financial melt down. what happens next and what might it mean for bank shareholder sns. >> crash test a dummy. a highway safety group puts small cars to the test and it's prompting concerns for auto makers. >>> why bringing in goods from overseas may be the only way for some small businesses to survive and thrive. we'll meet one owner whose putting the made

group at wgbh access.wgbh.org >> this is "bbc world news." funding of this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. and major corporations.

development banks, governments, philanthropies and the private sector are coming behind it, helping countries across the world. >> woodruff: some environmental groups complained the pledges are not ambitious enough. in iran, thousands of people turned out for anti-american rallies that were canceled last year because of the pandemic. crowds gathered in tehran and other cities to mark the 1979 takeover of the u.s. embassy. they chanted "death to america" and burned u.s. flags. the embassy crisisasted 444 days before 52 american hostages were released. back in this country, the u.s. senate confirmed robert santos for director of the census, the first person of color in that job. the 2020 census struggled with the pandemic and president trump's bid to identify people in the u.s. illegally. in economic news, new claims for jobless benefits fell again last week, to 269,000. but the trade deficit hit a record high in september-- nearly $81 billion. and, on wall street today, the dow jones industrial average lost 33 points to close at 36,124. the nasdaq rose 128 points, to another record finish. the s&p 500 added 19, also hitting a closing high. and, thre

group as the head of the u.s. central bank. it will be followed by mario who could provide some hints to measures he might take to address the renewed bout of weakness. the world will listen as bankers get hints for the outlook and so will some of the locals like this moose and her calf in tow who emerged just as the fed meeting was set to begin. for "nightly business report" in jackson hole, wyoming, i'm steve liesman. >> love that with the moose. that is gorgeous. wow. all right. many americans don't believe it when they hear the u.s. economy is getting better and a new census burro reports explains why it finds many people were in worse financial shape at the end of 2011 than they were a decade earlier. people in the bottom 60% of wage earners lost nearly 7% in household net worth or about $5,000 but people in the top 40%, they gained more than 61,000. >>> well, prices rose today lifted by those upbeat economic reports we told you about a moment ago. brent and west texas crude prices moved higher. wti rose 51 cents settling at 93.96. >>> one of the reasons oil prices have been capped is the increased production here in the united states. one of those oil ri