bernie meyerson of ibm innovations. good to have you on the show. take care. > > thank you. still ahead on first business, how one trader hopes to make money on canadian currency. chart talk is next. we are taking a look at a currency play today in chart talk. alan knuckman of optionshop joins us now. good morning alan. > > good morning. > your play is in the canadian dollar, also known as the loonie. but you say that there is an oil connection. could you explain that please? > > they're the number one exporter of oil to the united states, so their economy is very much based on energy. so their currency has kind of been suffering lately as the energy sector has been down. but we are seeing a resurgence here, and we just made two-month highs in crude-oil here recently above $91.50, so i think that could add some support, and you've got a very solid base at $99, which is the halfway of the highs and lows for 2012 in the canadian currency. > here is the chart and a look at the canadian dollar. what do you see in the charts that you like? > > i am looking at a june option, a lim

bernie meyerson calls himself i.b.m.'s head geek. he says innovation is critical for companies and societies to survive and thrive. and yes, there is a magic ingredient. >> continuity. in the down cycles of the economy, the temptation is always, "well, we'll just cut the front end, we won't do our research, we're not going to work on development." so you empty the pipe. then, when the economy turns-- and it always turns-- when that economy turns, you have nothing in the pipe, and people run you over out of the gate. >> reporter: but, not all innovation happens in multibillion-dollar labs. here in manhattan's fashion district, www.ilikewhatyourewearing.com is trying to ignite a fashion revolution. started by olivia gossett, the web site sells cutting edge clothing by rising designers, but it's also an online magazine, one that uses cute articles to sell products and foster those independent designers. >> i think we're opening up gateways in the industry for other people that otherwise wouldn't have a chance to make a name for themselv

bernie meyerson calls himself i.b.m.'s "chief geek," and leads the firm's efforts on innovation. >> innovation determines whether a large corporation, a small corporation, a startup or an entire society survive. it's that simple. the most direct attribute you can give to a thriving entity, i don't care what scale it is small, medium, large, enormous, is innovation. the reason is fundamentally to not only see the future, but to drive it. >> susie: join us monday for our look at u.s. innovation. it's our special martin luther king junior holiday edition. b.r.""here's more to learn about website. "nbr-u" has research from harvard on competitiveness topics. it explores the tendey rfo firms to focus on what'workedred n the past, rathonthhahe t needs of the future. just head to: www.nbr.com and look for the "nbr-u" tab. >> tom: that's "nightly business report" for thursday, january 17. have a great evening everyone, and you too susie. >> susie: goodnight tom, we'll see you online at: www.nbr.com and back here tomorrow night. ca

bernie meyerson calls himself i.b.m.'s "chief geek," and leads the firm's efforts on innovation. >> innovation determines whether a large corporation, a small corporation, a startup or an entire society survive. it's that simple. the most direct attribute you can give to a thriving entity, i don't care what scale it is small, medium, large, enormous, is innovation. the reason is fundamentally to not only see the future, but to drive it. >> susie: join us monday for our look at u.s. innovation. it's our special martin luther king junior holiday edition. and, there's more to learn about innovation, on the "n.b.r." website. "nbr-u" has research from harvard on competitiveness topics. it explores the tendency for firms to focus on what's worked in the past, rather than on the needs of the future. just head to: www.nbr.com and look for the "nbr-u" tab. >> tom: that's "nightly business report" for thursday, january 17. have a great evening everyone, and you too susie. >> susie: goodnight tom, we'll see you online at: www.nbr.co

bernie meyerson calls himself i.b.m.'s head geek. he says innovation is critical for companies and societies to survive and thrive. and, yes, there is a magic ingredient. >> continuity. in the down cycles of the economy the temptation is always, "well, we'll just cut the front end, we won't do our research, we're not going to work on development." so you empty the pipe. then when the economy turns and it always turns, when that economy turns you have nothing in the pipe. and, people run you over out of the gate. >> reporter: but, not all innovation happens in multibillion dollar labs. here in manhattan's fashion district www.ilikewhatyourwearing.com is trying to ignite a fashion revolution. started by olivia gossett, the website sells cutting edge clothing by rising designers. but, it's also an online magazine-- one that uses cute articles to sell products and foster those independent designers. >> i think we're opening up gateways in the industry for other people that otherwise wouldn't have a chance to make a name for themselves. y