u.s. economy numbers are really sharp a slowing of growth where as china has officially become the second largest economy in the world on the same day so what are those two pieces of news mean for our economic future we'll speak with r t correspondent lauren lyster and congressman anthony weiner exploded on the house floor over stalled benefits for nine eleven first responders all the rest of the network's debate the politics of the issue will speak to a first time responder and what we're asking what the rejection of that bill means for him next the unemployed have had enough with over fourteen million americans out of work they are realizing that it's time to unite and to use their political power to tell politicians that calling them lazy and dumb well that's something they just won't stand for and will wrap up the tonight show with the most ridiculous stories of the week from paris's new malaysian boyfriend to wal-mart pornography will get seton smith's two cents but now let's move on to our top story . tonight we have a grim reminder of the costs of war with one more day left in july

u.s. economy became worse recently. the cabinet office says the recovery cannot be called self-sustainable and the economy could enter a lull. >>> tokyo stocks ended lower on thursday morning. fed chairman ben bernanke's cautious outlook on the u.s. economy is pressuring the nikkei index. the nikkei 225 ended the morning session at 9,215 points, down 63 ticks, or 0.7% from wednesday's close. sources say investors are locking in profits before results from the stress tests on european banks come out friday. bernanke's remarks are also pushing the dollar lower against the yen early thursday. the dollar is currently trading at 86.59-63. the euro is quoted at 110.54-57. and here's a look at the latest long-term interest rates. this is the yield on the benchmark ten-year japanese government bond. in other asian markets hong kong's hang seng opened virtually flat. it's currently down 0.4%. the shanghai key index for major blue chips is up 0.3% as well as the sse composite in shenzhen. >>> we'll be back with more news later. n

u.s. economy. the dollar is now trailing at 87.28-30. the euro is at 113.36-41. market sources say falling u.s. production figures released on wednesday are prompting dollar selling. and here's a look at the latest long-term interest rates. this is the yield on the benchmark ten-year japanese government bond. in other asian markets hong kong's hang seng opened flat. it's now down 0.3%. the shanghai key index for major blue chips is up half a percent. and in shenzhen the sse composite is up 0.3%. >>> japan's electronics maker panasonic is moving toward full ownership of two of its subsidiaries. its aim is to boost earnings with a new business in energy-efficient homes. sources say panasonic will launch a bid for all the remaining shares of its subsidiary sanyo electric and panasonic electricworks by april next year. it currently holds a majority stake in both firms. while earnings at panasonic are on the mend overall, profits in its mainstay home appliances such as tvs have been falling due to fierce price competition. that has raised the urgency for collaboration

u.s. economy he remains prepared to take further policy actions as needed we don't know what this means it could mean more quantitative easing it could just mean the new fabricated policy to save the economy well yeah they say that ben bernanke has no more bullets left in his gun because interest rates are already zero and there's not much really you can do to stimulate on his side of the big financial picture in terms of injecting more liquidity and they've already done quantitative easing as you point out the problem is that so it's a debt based currency any action going forward is only going to increase the indebtedness this is the insanity this is what einstein warning about doing the same thing over and expecting different results. and this is exactly what bernanke is totally insane think about what i'm going to france there i'm saying also they want to sell state assets to pay down debt but who's going to buy the assets well somebody is going to borrow money who are going to borrow the money from banks who owns the banks the government so who's going to affectively have to finance th

u.s. economy. >> while unemployment continues to rally in the u.s., american consumers are mostly sitting on the sidelines and on their wallets. the u.s. is taking a long time to recover from the massive economic crisis. europe has bounced back more quickly. analysts say that is why the euro is headed higher. the recovery comes after a long gown spill. the currency plummeted on fears that greece could slide into bankruptcy and worries over europe's massive debt crisis. in june, the euro hit bottom at $1.18. it has gained nearly 10%. investors have regained confidence in the euro. a further reason is the upswing. billions of bureaus -- euros are apparently paying off. so our austerity programs. confidence is no longer in short supply. >> citigroup and bank of america posted better than expected quarterly results on friday. shares got hammered because the banks said the demand for credit remains weak. citigroup's net income ring in at $2.7 billion. bank of america earned just over $3 billion on the quarter. both had to be bailed out by the government during the financial meltdown. bank of a

u.s. economy before a congressional committee. the dow jones is down 1%. on the currency markets, the euro is $1.2767. >>> 1 billion euros over the next five years. that is how much porsche will invest in new plants and products, hoping to make big synergy savings to its close cooperation with volkswagen. they're not yet ready to say the company's plans will mean new jobs, they have promised there will be no job cuts in the next five years. >>> the italian carmaker fiat said it doubled second quarter profit, six under 50 million euros, pointing to higher sales of its truck and tractor units, making up for slower demand on the car markets. the company says its cost-saving measures are also paying off. fiat says its four-year balance remains unchanged, but it hopes to revise its forecast up after the third quarter. >>> the strike's over the skies over french airports have been unusually quiet this wednesday. air traffic controllers staged a one day strike to protest reforms of how european traffic is managed. french air traffic controllers fear they will los

u.s. economy is doing well but there is still the yearand that week f the fairness of the dollar, will increaseommodities. >> and what azure progress? >> and i do not think there is a big demand for gold? >> and you should purchase gold bouillon, instead of gold coins. >> and it also is difficult to resell. and she mentioned it the fedex, their earnings forecast. >> keep in mind, that ups the have to drop off a business letter [laughter] >> businesses are not happy, so when you get to a fedex it is like the train companies. and with commerce, and fedex, ups are good signs. >> housing? bp? >> housing is very average, and bp it is the second biggest event. the stock went up, then tony hayward has been fired, that put the stock up again. and the next big thing is when the quantify the damages. >> and tony hayward was a public-relations disaster? >> and he said that he wanted to just get his life back. and everybody just lost their livelihood and the gulf. it is going to play out for several years. >> and the month of may was brought a revision down and the month of june was up. which had a better

u.s. economy remains strong among investors. concerns over european financial institutions receded, cueing investors to buy back the euro. this contributed to the weakening of the dollar. the euro is changing hands at 113.13-18. and here's a look at the latest long-term interest rates. this is the yield on the benchmark ten-year japanese government bond. the hang seng opened 0.4%. the blue chips are down 0.8%, coming closer to the 6,000 level. and the sse composite is down 0.32%. >>> new home sales in the united states rebounded sharply in june from a record low in the previous month. the u.s. department of commerce said on monday that 330,000 newly constructed homes were sold in june. that's up 23.6% in annualized terms. and the largest month to month growth in 30 years. sales in may plunged sharply due to the end of government incentives and slow recovery in employment. june sales were better than forecast, but compared with a year earlier, they were still down 16.7%. sources say the outlook of the u.s. housing market remains

u.s. economy. >> reporter: on the surface, the economy growing at a rate of 2.4% doesn't sound so bad. after all, consumer spending in the second quarter was only slightly weaker than the first quarter. on top of that, businesses bought up equipment and software at a blistering pace. the problem is the recovery is slowing down, just as government support is fading. and, that has some economists, like brian fabbri, concerned about the future. >> it really looks like a 2% growth story for the second half of the year. a little bit disappointing compared to where we have come from-- 5%, for example, in the fourth quarter and 3.7% in q1. so, it's a little disappointing. moreover, at 2% growth, we're really not making serious inroads into the unemployment crisis. >> reporter: and there lies the crux of the problem. the economy needs to grow at a much faster clip to make companies feel comfortable about hiring. experts estimate it takes about 3% growth in g.d.p. to create enough jobs just to keep up with the increase in population. nevertheless, other economists, like daiwa securities' mike m

u.s. economy is still facing some problems. >>> a quick look at how the markets finished the thursday session. in frankfurt, gains across the board. the dax was up 2.5% on the day. the euro stoxx 50, similar story. on wall street, investors were encouraged by reports from caterpillar, ups, to name a few. and on theurrey markets, the euro going for $1.2888. >>> corporate results, shares of credit suisse fell 2% thursday on a poor second quarter earnings report. the banks all their profit fall 22% from the first three months of the year. investment banking took a hit as revenue dropped -- revenue dropped sharply amid weaker demands. the bank says the u.k. bonus tax also created onetime drag on e bottomine. >>> tomorrow is the day of reckoning for european banks, when the results of stress tests for 91 financial institutions will be released. the sentiment is so good at head of the release that bank stocks held a rally. >> these tourists are taking in the view from the heart of frankfurt's banking district. there may not be much to see on the outsidebut inside, and until regulators have been put

u.s. economy. the nikkei 225 ended down 113 ticks over 1.2%. sources say consumer sentiment pushed new york stocks lower and dampened stocks in tokyo. there was a sell-off in exporter shares. to currencies. the weaker u.s. consumer data is pressuring the dollar earlier tuesday. it's lower against the yen as they sell the dollar overseas. it's 86.91-96. here's a look at the late ef long-term interest rates. this is the yield on the benchmark ten-year japanese government bond. in other asian markets, the hang seng is almost unchanged. slightly up. the shanghai for major blue chips, up 1.1%. and in the sse composite is above the 1,000 level, up 1.2%. >>> in japan, the ruling coalition led by democratic party lost its majority in the recent elections. looking ahead, what can we expect on japan's political and economic horizon? we spoke with the former vice minister and professor at a local university. >> taxation reform, including a consumption tax hike was one of the biggest issues in the latest upper house election. so how much of an impact did t

u.s. economy for u.s. g.d.p. second quarter results are expected at least on friday. and not so from the business team for now but of course i'll be back with more updates for you in about an hour's time and you can always find most stories on our web site that's r t dot com slash business. the state provided citizens with. when the government. might. write. i'm going to be caring and hungry for the full story we've got. the biggest issues get a human voice face to face with the news makers. it is five thirty pm here in moscow you with your headlines now. in russia killing at least twenty five people in a record breaking heat wave homes have been destroyed and thousands of fled struggle to stop the flames from spreading. emergency crews work around the clock to recover thousands of barrels of highly explosive chemicals from before they reach russia chinese authorities say they. don't pose any threat. living in fear many germans demond keeping. definitely the european court of human rights in the country preventive detention system is illegal. criminals remain in priso

u.s. economy. >> susie: more now on that s.e.c. settlement with goldman sachs. our guest tonight has an unique perspective; he ran that agency in the late 1980s. joining us from chicago is david ruder, law professor at northwestern university and former s.e.c. chairman. professor ruder, welcome to "nightly business report." professor ruder, welcome to "nightly business report". hello, professor ruder? >> yes, can you hear me? hello? can't hear me? >> gharib: yes, i can hear you now. as you heard, the s.e.c. said today that this goldman sachs settlement sends a powerful message that other firms that violate fair business practices will pay a heavy price. do you think goldman sachs is paying a heavy price? >> i think goldman sachs is paying a heavy price since it was only one transaction that was covered by this settlement. goldman sachs is still in the position of having to worry about s.e.c. enforcement regarding its prior practices and of course s.e.c. possible enforcement if it fails to conform with the settlement. >> gharib: and the reaction from some other p

u.s. economy has still got some problems on its way to recovery. al, the war rse about the euroan a theurorea -- worries about the european and the euro area after the downgrade of ireland and worries about the financial side wishing in hungary, dragging the year rose slightly down. >> let us get a quick look at the numbers for you and see how the numbers stood at the end of the. the dax ended the session by about a half a percent lower at 6009, euro stoxx 50 was also down by about half a percent. take itver to wl street, afteoon trading just before the osin bell, t dow up by half a percent at 10,001 of the 54 and the euro going for 1.2942 u.s. cents. if you watching the executives from boeing and airbus this week, you would probably think things are looking up for the aviation industry, and you are right. on monday both aircraft makers racked up billions of dollars of deals at the international air show. we have more. >> farnborough off to another impressive start with the airbus circling among investors. down below the cboe was signing off on dea

u.s. economy lost jobs overall last month, even as the jobless rate was declining. the numbers were the latest sign that the recovery may be losing momentum. private employers managed to add 83,000 jobs in june, but it wasn't enough-- the economy still recorded a net loss of 125,000 jobs, as the census bureau laid off more of the temporary workers it hired last spring. labor commissioner keith hall offered this perspective at a congressional hearing this morning. >> although the... the private- sector job growth was not strong, it was job growth, and it has been growing now for six straight... six straight months. so i think, in context, that's a positive sign. and in temporary help work continues to add jobs, and it's added quite a few jobs. and that continues to be a... a good sign for generally future growth, i think, in employment. >> brown: indeed, the unemployment rate actually fell last month to 9.5%, the lowest in nearly a year. but that was because 652,000 people gave up looking for work, so they were no longer counted as unemployed. president obama, prepar

u.s. economy and often is a market mover. finally to date, lower manhattan may be the safest place to hide billions of bullion, right around the corner from where we are, the world's largest stockpile of gold is safeguarded and is 80 feet underground and holds more than 500,000 gold bars. the central banks and international organizations. it charges $1.75 fee per bar. when gold enters or is moved within the vault. with gold prices topping $1100 an ounce, that's somewhat of a bargain. that will do it for us for today. thanks so much for joining us today. next week my guest national education association president dennis van willkof. keep it right here where wall street meets main street. have a great week, everybody. i'll see you again next weekend. with high-speed internet from at&t, you can connect to the internet at blazing fast speeds. wow, look at that! so you can go online and check out the news, or you can just catch up with old friends -- hey buddy. you can download videos and -- wow, that was fast. you can do it all f

u.s. economy will be the same or worse than last year is 67%. two out of three people, which is consistent with the position taken by the federal reserve board chairman, ben bernanke, in his testimony to congress this week. >> even as the federal reserve continues prudent planning, we also recognize that the economic outlook remains unusually uncertain. >> despite the hardships, optimism lives on. 70% of americans still believe they will some will some day li american dream. >> question, currently americans are resilient. we bounce back. what explains that resilience in americans, pat? >> john, dreams have always died hard in america and the reason they die hard is because this country has been such a magnificent success for so many hundreds and millions of people. for so many centuries. it really has and americans are resilient people. they are innovative people. they are hard working people. but the problem i think we have now, john, is we are no longer the producers we once were. we are consumers. we used to be a family centered society. we a

u.s. economy and often is a market mover.inally to date, lower manhattan may be the safest place to hide billions of bullion, right around the corner from where we are, the world's largest stockpile of gold is safeguarded and is 80 feet underground and holds more than 500,000 gold bars. the central banks and international organizations. it charges $1.75 fee per bar. when gold enters or is moved within the vault. with gold prices topping $1100 an ounce, that's somewhat of a bargain. that will do it for us for today. thanks so much for joining us today. next week my guest national education association president dennis van willkof. keep it right here where wall street meets main street. have a great week, everybody. i'll see you again next weekend. ♪ welcome to ultimate rewards from chase. no blackouts, no restrictions on airfare and hotels, no limits to what you can get with ultimate rewards. no wonder it's called ultimate. available on chase credit, debit, and business cards. chase what matters.

u.s. economy,america's role in the global economy? >> my biggest concern, i think this should be the fundamental concern of all of us is to make sure that our political system -- that our leaders in washington are able to find ways to work together to solve these problems. they're not going to be solved by democrats alone. they're not going to be solved by republicans alone. >> charlie: not solved by government alone. >> absolutely not solved by government alone but what government has to make sure is the things that only government cans do, they play a central role in educating children -- >> charlie: national security. health care. >> a financial system that we create the basic fabric that allows economies to function well but again, these things require people working together and frankly, stepping back from politics sometimes and finding ways to bring creative solutions to these kind of problems and i think the biggest challenge we face is make sure that we demonstrate that our political system is up to the challenge because these

u.s. economy."meet the press" geithner says he does not believe this recession will be a double-dip recession, meaning things would get worse again before getting better. he said while it's only natural americans are still wlifth fiscal caution, the economy he insists is on the mend despite high unemployment. he went on to say allowing tax cuts for the to expire is also the right thing to do right now. >> the right thing for the country, the fair thing, the responsible thing for the country now is to make sure we leave in place and preserve tax kutss that go to more than 95% of working americans and complement those with a set of incentives for businesses to expand and hire. >> 2010 is the last year of president bush's tax cuts for the rich are in effect. many republicans want them to be extended. >>> dozens of homes and businesses were damaged or destroyed in iowa this weekend after a dam failed. the lake delhigh dam gave way yesterday after rains caused water levels to rise too quickly. a 30-foot

u.s. economy, but today a bill to boost lending to small businesses and increase hiring hit a wall in the senate. still, business owners say they need the help. >> i don't want to hire somebody and have to lay them off if work slows down. >> tom: we'll tell you what's holding her and others back from hiring. you're watching "nightly business report" for thursday, july 29. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening everyone, a big setback for small business tonight. senate republicans blocked a $30 billion plan to boost lending for the nation's small businesses. tom, president obama was counting on this bill to create jobs. >> tom: susie, the legislation also would have provided $12 billion dollars in tax breaks, but opponents argued it was just another expensive program packed with extra spending. >> susie: this impasse affects out-of-work americans, and small firms,

u.s. economy after manufacturing data fell short of market forecasts. a stronger yen also weighed down on export-related issues such as autos and electronics. >>> to currencies. on the tokyo foreign exchange the dollar is lower against the yen on friday morning. the greenback is fetching 87.22-23, while the euro's changing hands at 112.66-69. the dollar came under selling pressure overnight after worse than expected american economic data dampened the outlook for u.s. recovery. that prompted investors to buy the yen and the euro. and here's a look at the latest long-term interest rates. this is the yield on the benchmark ten-year japanese government bond. in other asian markets hong kong's hang seng opened 0.2% higher. it currently is down just slightly. slightly in the red. the shanghai index for major blue chips is down 0.6%, and in shenzhen the sse composite is also down half a percent. >>> japan's mitsubishi electric will boost production of semiconductors with improved energy control features. it's in a bid to tap growing chinese demand for ecofrie

u.s. economy if you had a real currency based buy something real like gold then you'd have a democracy you'd have a gala tarion is and you'd have a republic you'd have freedom but unfortunately you have none of those things because you have this trashy piece of paper no good nick idiotic peeper paper nonsense that people believe is worth something when in fact it is not exactly well that's what jim grant is saying is this is figure out fake currency anyway so people are it's i believe this republican versus a democrat oh deficits matter don't matter where the deficits didn't matter and dick cheney when it was for a war class war there's no economy other than class worn out america. and you can watch the kind of reporting just over ten minutes from now here on t.v. before that it's the business update with daniel. welcome to business several of us from the most important officials missed a board meeting on tuesday over a controversial new resource extraction tax on monday reported that the gas giant was firmly opposed to the government's plans a fifteen percent increase in juji could cost gaz

u.s. economy. while ironically the war costing america more than seven billion dollars each month. minimum coverage. responsible for drawing a spotlight on party that run deep seven years and counting. r t. the us secretary of state says north korea will face new sanctions in the. atomic ambitions hillary clinton was speaking in south korea holding talks with defense officials said the freezing of assets. comes just days before a joint exercise aimed at the. north. but it was behind the sinking of a ship. well historian career expect jim hall says the new measures will affect north korea's population and are unlikely to have any impact on its leadership. the problem with sanctions in north korea's been sanctions of one sort or another on north korea since one nine hundred fifty fifty one since the outbreak of the korean war. they have not had much noticeable effect over the years. measures with pain those measures that have been imposed since two thousand and six by the united nations following the two nuclear tests that north korea conducted the current sets of sanctions which are

u.s. economy. while ironically the war costing america more than seven billion dollars each month minimum coverage. leaving those. responsible for drawing a spotlight on scars of heartache that run deep seven years and counting. an international aids conference in vienna may have been hearing about breakthroughs in treatment but it's also had plenty of arguments scientists unveiled a new. which health officials are calling for women but he would rights activists say the key to curbing the disease is access to universal a group of aids activists this fall the complaint against the united states president obama's policies favor multinational pharmaceutical companies raising the cost of treatment. one of those making the complaints. unfortunately the obama administration is continuing some bush era policy that said in fact that they were going to threaten countries with trade sanctions for simply trying to make medicines more affordable to their people including in medicines what happens is that the o

u.s. economy. while ironically the war costing america more than seven billion dollars each month yielded minimum coverage. leaving the. responsible for drawing a spotlight on scars of hearty that run deep seven years and counting. r t. well coming up later in the program prosecuting a former president on t.v. chance to the american attorney aiming to get george w. bush in the dog to answer for his behavior in the white house. for the administration of george w. bush was particularly lawless i don't think there's ever been a time in american history when we had the highest officials in government so flagrantly break the law and show no respect at all for the rule of law they just created laws just out of whole cloth they created laws in secret behind closed doors that were in the american democracy. and shameful. and you can catch the full interview in around twenty minutes from now here. u.s. secretary of state says north korea will face new sanctions in the latest bid to stem its atomic ambitions

u.s. economy was unusually uncertain feeling investor fears about the speed of global economic recovery but one k. added that unemployment will remain a key concern in the coming days and finding jobs for those unemployed will be a challenge but the fed chief also said that the that most federal open market committee participants expect g.d.p. to grow three percent in two thousand and ten and three and a half percent in two thousand and eleven and two thousand and twelve. the economic expansion that began in the middle of last year is proceeding at a moderate pace supported by stimulative monetary and fiscal policies however the housing market remains weak with the overhearing a very good or foreclosed houses where you know the home prices construction. and if we now turn to the equity markets asian stocks are trading mixed following weakness on wall street where stocks declined in response to those comments from bernanke a asian markets also reacted negatively on opening the nikkei shed more than half a percent a strong began has hit x. water stocks that as investors buy into the safe have

u.s. economy. while ironically the war costing america more than seven billion dollars each month yielded minimum coverage. leaving those. responsible for drawing a spotlight on scars of party that run deep seven years and counting. we're just remind you as well as being on screen twenty four hours a day where only twenty four hours a day it's a web site you can check out any false stories that dot com any time. of the month long and many other features you can find out about russian traffic police telling us that you can save a billion dollars a year just point tackling the. number keeps growing. usually makes people happy but one british woman can find out why she can't even hold notes or coins that's. called. an international aids conference in vienna may have been hearing about breakthroughs in treatment but it's also had plenty of arguments scientists on vale the new. gel which health officials are. calling for women but human rights activists say the key to coping the disease is access to uni

u.s. economy and the u.s. g.d.p. second quarter results are expected later on friday. good news for russia's bond market the finance minister has placed five year bonds the longest since october when the. issue of both five and three year bonds is valued at just under a billion dollars investors' appetite improved after russia's economic growth accelerated in the second quarter to five point four percent. the russian internet firm and facebook investor digital sky technologies plans to sell a stake of up to twenty five percent the i.p.o. is scheduled to take place in london next year. russian wheate exports may fall by almost half this year after a drought has plagued the country's harvest according to the institute for agricultural market studies outbound shipments may decline from eighteen million metric tons to nine point five million the national wheat harvest in russia could plummet twenty four percent well compared to last year to just forty seven million tonnes and this is pushing prices up they're heading for the biggest monthly gain since one thousand nine hun