but the fact that the c.e.o. has bought about 36,000 shares on the open market, it is a sign that the stock could be bottoming sooner than later. >> tom: any disclosures, david for these stocks? >> i do not own either one. >> tom: you can read the article, lots more on thestreet.com. the the word on the street, our guest david peltier of thestreet.com. >> suzanne: here's what we're watching for tomorrow: a.d.p.'s monthly report on private-sector jobs is out. hilary kramer is back as our "street critique" guest. and, we talk about the future of home mortgages with housing and urban development secretary shaun donovan. >> reporter: i'm erika miller. also tomorrow, a look at why adjustable-rate home loans are growing in popularity, again, and whether you should consider one. >> suzanne: the u.s. supreme court heard arguments today in a mammoth gender discrimination case against walmart. the justices seemed sympathetic to the giant retailer in considering whether a small group of women can represent a huge nationwide

c.e.o. and the chairman of the board and he's also the president's chairman of his jobs commission now there's something wrong with this picture when the chairman of the president's jobs commission first off has closed twenty nine factories in the united states since obama took office it doesn't pay any taxes and then cut his workers' wages we wonder why we have a jobs crisis in this country when people like the g. c.e.o. jeff immelt are advising the president on how to create jobs well i remember two or three years ago i was talking to bernie sant senator bernie sanders on the air about this on our radio show and he made this remark about how jeff immelt had just me. this comment about you know when i think of the future of general electric i see china china china and he was talking about moving factories after you said he's closed twenty nine factories since obama took the us just since obama yes any idea how many during bush i mean i know we've lost fifty four thousand factories since bus

c.e.o. brian moynihan calls it a new era for the bank. in addition to pledging no more mergers and a return to dividends, b-of-a will split its $2 trillion portfolio of home loans just about in half. it will continue to own 49%, while separating the rest for sale. those will be the worst- performing, riskiest loans, most of them done between 2004 and 2008, during the worst of the housing bubble. speaking of mortgages, homebuilder pulte group saw a nice 8% pop, reversing some of the slide shares have seen since may of last year. the builder said it signed 11% more home sale contracts in the first two months of this year compared to last year. other builders also saw some stock buying. mdc gained 11%. it got a couple of analyst upgrades. ryland was up 7.5%. kb home rallied about 5.5%. while bank of america led the dow, mcdonald's was the laggard, falling 1%. february same-store sales were up more than expected, but the performance in the u.s. was disappointing. the stock has seen some choppy times in the past two months after hitting new al

but instead of focusing their anger toward the c.e.o.'s who are under pain them and taking away their benefits and instead of focusing the anger on republican politicians who promote laws to let c.e.o.'s get away with these abuses that anger is focused on their fellow workers their neighbors and middle class america who work for government that's what we see going on it was we in wisconsin today republican governor scott walker and his cohorts are trying to mr direct that anger and divide the middle class and pick corporate workers who are desperate against government paid workers the private sector union membership has steadily declined in the last few decades public sector unions like teachers and state and local government officials have remained almost exactly the same for the last thirty years virtually immune from reagan's war on unions as the union busting industry has been going into private corporations to do their dirty. republicans want to destroy a major funder and supporter of democratic party politicians unions and the low h

of honeywell around india making speeches and the c.e.o. of honeywell he was traveling over with about two hundred fifty three hundred other c.e.o.'s i'm not sure you can just in that way but he was traveling with them and not only that he was the president's choice to be on the deficit commission so this president time and time again chooses to bring in advisors like that and i talked with some g.e. workers today and they said well jeff immelt goes to the white house when we get to go away here i mean wouldn't that be fair i mean if they want to have him or give some advice on jobs when i have some workers or africa work from top what it's like to work for g.m. it would be you would think a good idea let's hope. it's something that if they are would have done yeah at the very least that president obama can change the optics of things here tonight i'd like to see the whole thing changed like thanks so much for joining me on the show great to have you. with the massive protests in london and the actions over the weekend of u.s. uncut as well

safe conditions and conditions for investment that's now listen to what christopher de margerie the c.e.o. of the tower has had to say. today the situation in the world shows that we've been broached to him to boost our investment into russia russia is a very attractive country for investors which is even more obvious amid the instability that we're currently facing here. can you tell us a bit more about the some bushes the amal project how significant is it for russia . that's right the amount l. and g. project is based at the in the a mild peninsula which is located above the arctic circle the amount that insular is one is one of the richest sources of hydrocarbons in russia hopes to make it one of the centers of production of liquefied natural gas it is also the only such project in such harsh conditions above the arctic circle now the ammal l.n.g. aims to start production of the ellen g. in two thousand and sixteen and is designed to produce. around fifteen million tonnes of gas per year the project needs twenty billion dollars of investment and the c.e.o. of the nova tag me his son s

. >> stahl: and is the c.e.o. here? pelley: elissa montanti is unlike almost anyone we've ever met. with the help of some very charitable american doctors, she's changed the lives of more than 100 kids, like this one, a boy from iraq who needed an arm, a leg and an eye. >> i love you, wa'ad. >> pelley: tonight, you'll follow his transformation, which is a wonder to watch. >> catch it! face the basket! make a play! he's got to get up closer! you don't just say "screen"! my god! where next?! >> kroft: this is not a story about a tyrannical coach who churns out athletes at some high school sports factory. it's about values, loyalty, and parochial school that doesn't meet anyone's idea of what a basketball powerhouse should look like. >> i'm steve kroft. >> i'm lesley stahl. >> i'm bob simon. >> i'm morley safer. >> i'm anderson cooper. >> i'm scott pelley. those stories and andy rooney tonight on "60 minutes." [ male announcer ] this is james. the morning after the big move starts with back pain... and a choice. take advil

c.e.o. of the tile christopher to marjorie also said that he believes it's. very good investment the current situation in oil and gas producing countries in northern africa show that this is indeed a very good investment and that they need to be in russia russia has safe conditions for investment russia's prime minister vladimir putin has also said that this is a great deal that has a great deal that has a lot of potential russia can you tell us a bit more about the project which talks are also going to stake and. that's right the you mild peninsula above the arctic circle is one of the richest sources of hydrocarbons and russia is making is hoping to make out of the main center for production of the quick five natural gas the project the year mile and l.n.g. project aims to start producing liquefied natural gas in two thousand and sixteen in five years and the project needs about twenty billion dollars of in mass investment now. the project is designed to reach output of fifteen million metric tons a year and another tax c.e.o. said that the company will soo

c.e.o. told investors there's plenty of oil to handle global demand, and he's not now worried about supply disruptions. but rex tillerson said higher gasoline prices could be a big problem for american consumers. >> i don't know if the tip-over is at the same $4 level or not, i just know that when we went through that the last time, $4 was like a significant emotional event for a lot of people. >> tom: meanwhile, opening statements were heard in the insider trading trial of hedge fund manager raj rajaratnam. prosecutors told jurors the galleon group co-founder traded on secret information "again and again and again." still ahead tonight: if you've got to have that morning cup of joe, it's going to cost you more. how the spike in coffee prices is affecting consumers and small coffee shops. >> susie: the obama administration is taking some fire today over its policy on free trade. senators pressured the president to get tougher with china just as mr. obama named commerce secretary gary locke a

just happen to mostly contribute to democrats so for the billionaires and c.e.o.'s the math becomes pretty simple if you kill unions it's over welcome to one party republican corporate rule. we have to amend the fourteenth amendment and insert that critical word natural before the word person because its absence in the last two hundred fifty years has mortally wounded our democracy it's time to x. listen to declare this word natural before the word person explicitly declare once and for all corporations are not people. and that's the big picture person i for more information you can visit our website at www dot com r t dot com also check out our youtube page of youtube dot com slash picture archie and don't forget the democracy begins when you get out there when you show up when you get active. your it will send money. down the official. called touch from the. life on the go. video. tease minefield polls and feeds in the palm of your.

c.e.o. of to thailand christopher de margerie the company is buying the stake for around two billion a dog. as and they plan to raise the stakes to from twelve to fifteen percent within a year and to nineteen point four percent within three years the. c.e.o. of the tile christopher dim archery also said that he believes it's a very good investment the current situation in oil and gas producing countries in northern africa show that this is indeed a very good investment and that they need to be in russia russia has safe conditions for investment russia's prime minister vladimir putin has also said that this is a great deal that has a great deal that has a lot of potential. can you tell us a bit more about the project which total also got a stake and. that's right the u. mild peninsula above the arctic circle is one of the richest sources of hydrocarbons and russia is making is hoping to make out of the main center for production of the quick five natural gas the project the year mile and l.n.

we ask the c.e.o. of a major hospital group about how the reforms have changed business. >> susie: modest gains today in japan's fight to contain its nuclear crisis. power was reconnected to all six reactors at the fukushima daiichi nuclear power plant, but power has yet to be turned on there. also today, sea water near that plant showed high levels of radiation, raising new worries about contamination in seafood. lucy craft reports from tokyo. >> reporter: japan's food ban only applies to spinach and milk. but as expected, the radiation scare has prompted a number of retailers to shun all produce from the four states closest to the troubled nuclear plant. japanese officials say fear about health risks is overblown. the government is rushing to issue new guidelines for safe radiation levels in food. compensation to farmers who are being forced to dump their milk and spinach will expand the burgeoning cost of relief and recovery from the quake, tsunami, and nuclear plant disaster. the government is prep

we'll find out why it's so popular when we're joined by lanhan napier, c.e.o. of rackspace holdings. and sam stovall, chief investment strategist of standard & poor's, joins us to wrap up the first quarter and look ahead. >> suzanne: look for google to start a new privacy program as part of a settlement with the federal trade commission. the web search giant was accused of deceiving users when it launched its social networking service called "buzz" last year. some customers complained when their email contacts were automatically made public. google apologized for the glitch and said it will now get people's consent before sharing information with third parties. >> tom: car-sharing company zipcar has unveiled the terms of its initial public offering. it expects shares to price between $14 and $16 each. the company, which is popular in large cities and on college campuses, could raise as much as $133 million. no date has been set for the offering. shares are expected to trade on the nasdaq under the symbol z-i- p. >> suzanne: since october, the rate on a 30-year

the apple c.e.o. takes a break from medical leave to unveil the ipad 2. >> tom: it's twice as fast as its predecessor and expected to lead the year of the tablet computer. you're watching "nightly business report" for wednesday, march 2. 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. >> tom: good evening, and thanks for joining us. saying he wouldn't want to miss it, apple c.e.o. steve jobs was on stage in san francisco today, susie, where he introduced the new ipad 2. >> susie: tom, seeing jobs was a huge surprise, and he got a standing ovation. and then here on wall street, investors applauded the news; apple shares jumped nearly 2% in intra-day trading. apple fans and investors were happy to see a thin but energetic steve jobs. it was the c.e.o.'s first public appearance since taking medical leave in january. he called the ipad 2 "m

clicker's c.e.o. will replace the head of cbs interactive overseeing sites like tv.com, "cbs sports" and "game-spot." >> tom: another blow for toyota- - standard and poor's cut its credit rating on the japanese auto maker by a notch on weak profits. still s&p says toyota's outlook is stable. toyota called the move quote, "regrettable." the cut comes as toyota works to repair its image after recalling over two million vehicles worldwide. it's now focused on regaining the trust of customers. gasoline prices may be nearly $3.50 a gallon. cotton prices are rising, along with coffee and corn. but tonight's "market monitor" thinks inflation worries are overblown and he's buying bonds. chris orndorff is senior portfolio manager at western asset. >> thank you very much, tom. >> tom: so why aren't you a are wart about inflation with all these commodity prices rising? >> well, when food and energy prices are rising but wages are not, that leaves a lot less money to spend on other things. and i think that dynami

i was becoming the c.e.o. or i had been named and it was one of our most important businesses and i was starting to think about okay, you're the guy that's running the company, how are you going to right the ship that's probably the most critical ship of the company, animation, because it's such a wave maker. it affects so many of our businesses and has for decades. and i realized that the best way to do it was to buy pixar. so it didn't really have a "for sign so i can't remember exactly what the words were, but we started throwing up crazy ideas. and he thought it was a big idea too. he did not, by the way... in any way object to the idea. he thought it was worthy of consideration but he had to buy v buy in from the people at pixar, john lassiter, really an animation junes you and ed kaplan, the technology genius. he pretty much said it's up to them. you can't sell the idea to them, it's not going to happen. >> rose: here's what's interesting about this story because you two became great friends. it'she powe

>> we have immediate c.e.o. of macy, and murdock of news co corporation and most names of the fashion and retail of new york. >> i have a quote that you uttered in 2009, you said it's not an easy time to defend rich. i guess it never is, and we have the millionaire tax and we have to think about our society in complex ways. being part of the global economy is the key to what brought our city and america and the world's greatest cities back into economic health. if you recall in the 60's and 70's we were writing off urban america and the cities were on fire and have no hope. and then wall street came along and help discovered and build a global economy. providing capital to the economies of the world. and with wall street's reemergence, new york city was pulled into the economy and became the gateway and has prospered by the rich, new york and america has done well by the rich. >> how big is this place? >> 8.2 million people in terms of our population that were about a million writers than two decades ago. >> if

be able to carry a gun at any time later in the show i would beat this issue with the founder and c.e.o. of the guardian angels curtis lee well the first. turn in armed services committee hearing last week democratic congressman hank johnson pressed defense department leaders and intelligence officers about their relationship with two private security firms take a look. go through miller would you. be so kind as to provide my office with. deal d. contracts with talented technologies eric o. technology and h.p. perry barrel. and some as possible. sure i will i will. do everything possible to do so what i need what i'll need to do is frankly talk to our general counsel and make sure that the provision of that type of information is allowed contractually. and in any case what we've actually as quickly as possible. it's alleged that these two firms assisted the chamber of commerce and launching cyber attacks and sabotaging political opponents on the left and even the whistleblower website wiki leaks rice and johnson now wants to see what type of work these companies do with the government a

. a tea partier and a union guy sitting at a table with dozen cookies and from the c.e.o. grabs eleven cookies and starts eating them and then says to the tea party guy look out that you know i was part of your cookie is that really what's going on here that the bankers are crashed our system they made off with billions arguably trillions of dollars we got c.e.o. pay at literally record high higher than it's been since the founding of the nation and the middle class is being wiped out and in wisconsin we've got a governor wants to blame it on union employees well i think the financial crisis which in my view was largely instigated by left wing policy priorities and the lack of oversight over fannie and freddie and so on although clearly there are bad actor . and why are you well bystander contributing factor here no question the economic decline is one of the reasons state budgets are in crisis that they were in very poor shape before that largely because of pension and health benefit promises that were made to workers that are run sustainable and so we had some structural

aflac's c.e.o. thinks claim costs will be manageable. those comments unable to cushion the sell-off. aflac stock still fell almost 6% to a five-month low. concerns over potential claims from japan hit several insurance stocks. shares in hartford and metlife and prudential testing three-month lows. the dow's weakest stock today-- intel. analysts at nomura securities raising red flags about weak p.c. demand. they cut its rating on intel from buy to neutral. and finally, netflix was the standout to the upside. analysts at goldman sachs setting a $300 per share price target. netflix shares spiked almost 8%, or $15.91 to close at $217.11. a report from trade group n.p.d. shows netflix has a sizable lead in market share for movie downloads. and that's tonight's "market focus." the u.s. government is open for business-- at least, for another few weeks. the house of representatives okayed today a plan to keep the feds operating through april 8. that extension cuts $6 billion from the budget. but the house and senate are still fighting over a lon

freeport's c.e.o. said an improving u.s. economy is helping push up copper prices. copper jumped almost 3% today. silver is at its highest price since 1980, and gold closed just shy of a record high. gains were held in check by the financial sector, which was held down by bank of america. b. of a. was the biggest loser of the dow industrials, after acknowledging the federal reserve rejected its plan to increase its stock dividend. that rejection cost b. of a. shareholders over 1.5% today. bank of america was paying out 64 cents per share per quarter before the financial crisis. currently it pays shareholders one penny a quarter. director of research at k.b.w., fred cannon, thinks b. of a. may have been too aggressive in wanting to hike its dividend for the fed's tastes. he doesn't expect much of a hike at all this year. >> we think it may be a penny or two a share. if they have a dividend this year, it's going to be something relatively deminimus-- something like citigroup did, and not at all like what we saw the significant increases we saw at j.p. morgan wells far

he had been seen as a possible c.e.o. candidate. classic defensive areas didn't necessarily see buyers. gold fell more than $17; silver fell from its recent generational high; and utility stocks dropped. there were bond buyers, though. the yield on the ten-year government bond fell below 3.4%, it's lowest since late january. as yields drop, bond prices rise. biotech firm human genome sciences bucked the weak stock trend, jumping 13% on huge volume. the fda okayed its drug to treat lupus. it's the first new medicine for the disease in more than a half century. c.e.o. tom watkins expects to see thousands of new customers. >> the market here is very large. we're talking about, in the u.s., we estimate 325,000 patients that are our initial target. so there is considerable interest in the area by physicians and patients. >> tom: the medicine will cost about $35,000 a year, with many patients covered by insurance. analysts think the treatment will bring in more than $1 billion per year for human genome. also seeing big buying interest- -