as c.e.o. and chairman, kullman is the first woman ever to lead the company. >> so, here's the boardroom. now it's a daunting room to present in, if you can imagine. >> susie: very impressive boardroom. >> look at that. >> susie: wow. where do you... >> look at the size of the table. >> susie: where do you sit? >> i sit... i sit down here. >> susie: at the head of the table? >> at the head of the table. i guess i pay the bill. >> susie: but when you had your first board meeting, and you were running it as c.e.o., and you're sitting at the head of table, what did it feel like? >> a little scary. you know? ( laugh ) i was, like, wow, okay, here we are. >> susie: all right, so here, you're in this room with all of these portraits of former c.e.o.s of dupont. do you ever feel intimidated, like they're peering over you? >> of course. you always think they're looking over your shoulder, making sure, you know, are we investing in the right science? are we focused in the right areas, so that were reall

c.e.o. jeffrey immelt is moonlighting as the head of president obama's job creation council he's the guy in charge of trying to figure out how to create more jobs in the united states while his day job is as a c.e.o. who's boxing up his company and ship it overseas dyer more foreign workers. so now the headquarters is moving to china expect the factories in the workers to follow suit as one unnamed c.e.o. told told business columnist christa freeland earlier this year for her article the rise of the global elite if the transformation of the world economy lives for people in china and india out of poverty in the middle class and meanwhile drops one american out of the middle class that's not such a bad trade and c.e.o.'s are making that tradeoff every day in america so instead of manufacturing our medical equipment in the u.s. now we can just import it from foreign nations hiring foreign workers producing foreign profits. but this isn't anything new x. ray machines will just be the latest of

c.e.o. jeffrey immelt hoped that would be sooner rather than later. >> we need certainty about the debt ceiling and we need it now. >> reporter: while business complains about the uncertainty around the debt ceiling, there appears to be little sign of it in bond markets. price of u.s. treasury debt is actually rising, says i.s.i. group's andy laperriere. >> there's not a lot of evidence that the u.s. economy is paying a price for a lack of agreement on the debt ceiling. >> susie: darren joins us now live from our washington bureau. you know, darren, maybe one of the reasons that there isn't an agreement, the terms keep changing. last week there was talk about a big solution, a grand bargain. now they're talking about a smaller solution. so which is it, big or small? >> it looks like it's going to be small. but here's the weird thing. remember when $2 trillion was a lot of money? they're talking about that being the small deal now. and really it's about half of what we need. we need to get a

c.e.o. john stumpf is cautiously optimistic, saying "while the economic recovery continues to be slower than expected, there are signs that businesses are investing for growth." >> reporter: instead of profit at bank of america, there was a record $8.8 billion loss. nearly all of that amount was due to a settlement with investors holding soured mortgage-backed securities. despite that, chief executive brian moynihan noted solid performance in the bank's underlying businesses and said b. of a. will not need to raise capital. goldman sachs reported a 77% gain in profits from a year ago, but wall street was hoping for more. although investment banking was strong, fixed income took a big hit. c.e.o. lloyd blankfein summed up the banking business this way, "the operating environment was more difficult given global macroeconomic concerns." joining us now with more analysis on the outlook for banks, fred cannon, director of research and chief equity strategist at k.b.w. >> fine, susie, how are you?

survey of c.e.o.'s the top c.e.o.'s that you know they surveyed over five hundred c.e.o. of the top of the u.s. for the past seven years texas has been ranked by that as the number one place to do business was look at over the past nine years in texas you think texas is going to really have to worry about c.e.o.'s because c.e.o.'s have been seen seeming to do quite well that doesn't seem to be the problem i don't need to focus on the c.e.o.'s but what i need to focus on is texas is the most attractive place to do business for the people that decide where to locate companies and this relates to jobs and that's why over the last five years texas has created more words. in every four united states it's a remarkable record that's why you have to tell them you're going lation maybe you would expect that because actual unemployment rate has risen. it's still well below the national average i would like twenty three states have a better one so why are we looking at those states that have better and i think i think you'll see that i mean there's still things they can do they can

is the c.e.o. flake but it seems like people are getting kind of excited about her i'm going to say i'm impressed with the roll out because she's got professional people around her i've watched her in the crowds and she's really good on the stump but we should interact with people she's the real deal she's off fantic whereas mitt romney the question is is this guy really what he's for he was you know it's like you know when are sale right. michele bachmann people are saying i mean chris wallace asked her if you she was a flake some people say you know snarky things about her but i'll say this she's got some possess as you watch her out there on the trail she excites people she drawing crowds three hundred four hundred people get this crowd this early what do you think we have a clip actually of something that michele bachmann said in this provide the other female that may or may not be in the presidential race at some point. they want to see two girls come together and have a mock wrestling fight.

s are paid bertha's what employees make by c.e.o.'s want to keep their pay hush up and we're headed into the fourth of july weekend for a little holiday helping for dangerous tensions between democrats and republicans in washington class we'll tell you who's a great name of cap that's one of the actual rates for top that all down for the because david cantonese joins me in just a month. into the only are we with the mechanisms to do the work up to bring justice or accountability. i have every right to know what my government should do if you want to know why i pay taxes. but i would characterize obama as a charismatic version of american exceptionalism. you know sometimes you see a story and it seems so sleep you think you understand it and then you glimpse something else here see some other part of it and realize that everything is ok. i'm charged with the big picture. let's not forget that we had an apartheid regime. i think. beautiful and one well. we have the government says never confuse safely get ready because their freedom. we

s are paid birth and what employees make c.e.o.'s want to keep their pay high and we're headed into the fourth of july weekend for the overhaul a healthy for dangerous tensions between democrats and republicans in washington class we'll tell you who's at raking in the pack that funny well of actual rates for top that all down for the because they've kept me from trying to just enough. into that only a military mechanism if you don't work to bring justice or accountability. i have every right to know what my government should do if you want to know why i pay taxes. but i would characterize obama as a charismatic version of american exceptionalism. you know sometimes you see a story and it seems so poorly sleep is that you understand it and then you glimpse something else here's some of the part of it and realized everything you thought you knew you don't know i'm sorry for the big picture. let's not forget that we had in the party. i think. either one well. we never government says they're going to keep him safe get ready because the

behind the headlines, former xerox c.e.o. anne mulcahy discusses her new role of helping women and children discusses her new role of helping women and children around the world. [♪] >> i'm cokie roberts in for bonnie erbe. welcome to "to the contrary". a discussion of news and social trends from diverse perspectives. up first, free contraception. birth control may soon be free to women as part of healthcare reform. this week the panel from the institute of medicine recommended insurance companies cover contraceptive medications and treatments fully with no co-pays, no cost sharing. experts say coverage for birth control is preventative and should be free to women through their insurance. opponents say this treats pregnancy like a disease and people should not be required to pay into insurance companies that provide birth control. health and human services secretary kathleen sebelius is expected to decide whether to enact the recommendations. congressman norton, you voted for the healthcare bill is this something that you had

we profile current c.e.o. ellen kullman and ask her what it's like being at the helm. >> i think that we've tackled the problems in the global financial crisis. i think we've come through it very strongly. you know, i get all the credit now, right? i'll get all the blame if it goes the other way as well. >> susie: she also talks about being the company's first female c.e.o., maintaining work-life balance, and the importance of keeping science at dupont's forefront. join us monday for our special edition, "women in leadership: dupont c.e.o. ellen kullman." and tom, before we go, we also wanted to mention, starting tomorrow, viewers in central florida can watch "nightly business report" weeknights at 6:30 on wucf-tv. that's it for us tonight. thanks for watching. i'm susie gharib. tom, have a great night. >> tom: good night, susie. i'm tom hudson. good night. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs

the action comes a day before c.e.o. rupert murdoch and his son, james, testify before the british parliament tomorrow morning, but our guest tonight says newscorp stock is still his top pick. joining us now? jason bazinet, media analyst at citigroup. hi, jason, nice to you have with us. >> thank you so much. >> susie: let's start right off with that stock. it's been down sharply since the scandal broke. and you said in a citi report that news corporate is quote too compelling to ignore. tell us why you are so bullish on the stock? >> well, there are a couple of reasons the stock is down some of. one is several weeks ago people expected news corporate to consolidate all of bskyb and now that is not happening. it disappoint investors. and second you have this broadening scandal. but when we look at the numbers news corp. is trade being 10 times forward earnings. and parently they have about 12 billion of cash on the balance. if you make that adjustment and remove the cash from the market capitalization they are trading cl

so the c.e.o.s the long-term vision, but the operations that make it all work, you don't really have access to. >> stephen: it's not unionized, is it? the c.e.o. is making 100 times what the guy on the assembly line is making, isn't he? >> that's the funny part about our conscious lives, the conscious you, the part that flickers to life when you wake up in the morning, that's the smallest bit of what's happening in your brain. >> stephen: what happens in dreams? is that real? is there a difference to my brain whether or not i really do things? let's say i am naked horse back riding and like there's women rubbing me with scented oils and then i ride up to a huge crowd on a spanish hilltop and everyone cheers my name and then i play a game of chess with human figures. okay. now if later that night i dream that i do that, is that as... [cheering and applause] is that as powerful in a dream? does it matter whether it's real or dream state for the effect on my psyche? >> you know, the fact is what dream

>>shepard: the c.e.o. told lawmakers he had "little" direct involvement with "news of the world," coming down in defense of his company as a whole and his own role in the scandal. >> ultimately you responsible for the whole thing? >> no. >> you are not responsible? >> no. >> who is responsible? >> people that i trusted to run and, then, maybe the people they trusted. allow me to say something, as this is not an excuse, maybe it's an explanation of laxity, "news of the world," is less than 1 percent of our company and i employ 53,000 people around the world and we do proud, great, and ethical and distinguished company. >>shepard: he addressed reports that employees hacked into the phone of victims of 9/11. >> we have seen noest of that at all and as far as we know, the f.b.i. hasn't. if they do, we will treat it exactly the same way as we treat it here. i cannot believe it happened to anyone in america. >>shepard: the hearing came to an abrupt halt near the end for the murdoch part, a man attacked the c.e.o

the c.e.o. overseeing the "wall street journal" has resigned as billionaire rupert murdoch apologizes to the parents of a murdered 13-year-old girl. the president tells congress time's up for a plan to avoid default. >> let's at least avert armageddon. >> pelley: chip reid is at the white house. after a collision on the taxiway, we'll ask captain sully sullenberger about close calls at the airport. and section 60, arlington national cemetery. david martin takes with us where the newly fallen lie in rest and families never part. >> kind of calls arlington heaven. he wants to think this is heaven, that's fine. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. late today, the poison spreading in one of the world's largest media empires reached america. the c.e.o. of dow jones, publisher of america's largest newspaper, the "wall street journal," has resigned. less hinton is one of two top executives forced out of rupert murdoch's news corporation

so the c.e.o.s the long-term vision, but the operations that make it all work, you don't really have access to. >> stephen: it's not unionized, is it? the c.e.o. is making 100 times what the guy on the assembly line is making, isn't he? >> that's the funny part about our conscious lives, the conscious you, the part that flickers to life when you wake up in the morning, that's the smallest bit of what's happening in your brain. >> stephen: what happens in dreams? is that real? is there a difference to my brain whether or not i really do things? let's say i am naked horse back riding and like there's women rubbing me with scented oils and then i ride up to a huge crowd on a spanish hilltop and everyone cheers my name and then i play a game of chess with human figures. okay. now if later that night i dream that i do that, is that as... [cheering and applause] is that as powerful in a dream? does it matter whether it's real or dream state for the effect on my psyche? >> you know, the fact is what dream

point nine trillion dollars in cash but are reluctant to spend it and they speak to the caterpillar c.e.o. doug older hellman and he said the reason they're not spending is lack of clarity on us deficit reduction plan trade policy regulation much needed tax reform blah blah blah but the important thing here he says the absence of a long term plan to improve the country's deteriorating infrastructure does not create an environment that provides our customers with confidence to invest so he hears the c.e.o. of caterpillar who is you know these are one of the guys involved with the business roundtable involved with the american chamber of commerce that lobby to make sure that people are so stupid that they associate any sort of plan or action on behalf of the the citizen that's marxist and socialism so here they've they've created this environment where you have dilapidated like bombed out infrastructure that looks worse than any morocco or any our north african country looks worse than that plus they've got a lot of those caterpillar tractors in places like running over folks like rachel co

of all the former c.e.o. told you can take you know the entire merger so it's not really a factor here he's fairly well experienced in the in the gold industry so there are there are some pros and cons involved here they mentioned the recent performance of paul is called how do you rate the prospects for the company now. well i think they're going to be fairly fairly subdued given that gold is looking at bigger and better mergers is looking to become a major player within the industry and that could be another reverse takeover and therefore the share price is likely to be subdued for a considerable period of time while this news goes ahead fortunately with the sort of transactions that it tends to be a lot of cash and gold from the buying company and that that could significantly impact on the balance sheet and ultimately affect the share price and one of the biggest shareholders in porn is gold has been talking about a merger with a global rival who do you think that could be. well without trying to start an

does not create an environment that provides our customers with confidence to invest so here's the c.e.o. of caterpillar who is you know these are one of the guys involved with the business roundtable involved with the american chamber of commerce that lobby to make sure that people are so stupid that they associate any sort of plan or action on behalf of the the citizen that's marxist and socialism so here they've they've created this environment where you have dilapidated like bombed out infrastructure that looks worse than any morocco or any at the north african country it looks worse than that yeah plus they've got a lot of those caterpillar tractors in places like palestine running over folks like rachel corrie so that's deflecting their attention from doing anything positive for their own country as well yeah but let's talk about the u.s. here because this is what we're talking about the important thing is the u.s. is collapsing and there are a lot of political things they do all over the world but the fact is america itself is looking like a big giant ghetto and wherever you go we

gregory lang, the president and c.e.o. from the manufacturing company and president and c.e.o. of caremark corporation the leading drugstore chains and providers. gentlemen, you probably know the rules statements will automatically be included in the record and we encourage you summarize your statements. about five or six minutes, and i also encourage you to be candid. life is short. let's make the most of this. ok? [laughter] >> all right. mr. duke, why don't you begin. >> chairman baucus, ranking member hatch, members of the committee, i appreciate the opportunity to testify today. we you are intelligently need modernize our tax code, and i thank you for taking on this issue. the ultimate outcome must be a strong, vibrant, job-creating u.s. economy. i hope all of you know your local wal-mart store back in your home state, but let me start with the company we run out of arkansas. every week we serve 106 million unique customers. about 1/3 of the u.s. population. the business model that has earned our customer's our customers' trust is we pass on sfravings our everyday low cost

i'm wondering if if c.e.o.'s who are hiring illegal immigrants into arizona where the occupants of that prison would be one hundred forty five degrees in there or would it be well air conditioned as as jails usually are for c.e.o.'s and if we want to do something about the the illegal immigrant problem the pros so hysterical about why don't we start a rest and c.e.o.'s who are hungry and stop the madness. but i have a good question i mean. you know they have an office rocker to be quite honest he's absolutely and that's why sheriffs are like to i mean so people and good amount i mean if they completely crazy but i mean and it is he's taking on a popular population that that he can because they're not as well represented they don't necessarily have the legal illegal you know everything you have but also i mean the people who tend to be in prisons are also this economically disadvantaged they don't have access to the legal resources i'm just saying if there was a thousand you know people have it any other particul

murdoch said today he will keep the paper's c.e.o. rebekkah brooks in her job, despite calls for her resignation. >> tom: it took almost two decades, but the u.s. and mexico have finally signed a deal to let each other's trucks have unlimited access to each other's highways. this provision was originally part of the nafta agreement, signed back in 1994, but both countries argued for years over safety and financial issues. and there's still opposition. the teamsters union says the deal is probably illegal and opens the border to dangerous trucks. >> susie: in the "money file," making your good credit score work harder for you. here's donna rosato, senior writer at "money magazine." >> got a good credit score? you do if you've got a score of 740 or higher. just one third of americans are members of that elite club. if you're one, you already know that a good credit rating will nab you the lowest rates on a home or auto loan. but it also gets you access to some pretty good deals elsewhere too. credit cards have notoriously high rates, av

they're handing out these waivers for conflict of interest c.e.o. of j.p. morgan chase served on the new york fed's board of directors at the same time that is bankruptcy for almost four hundred billion dollars in financial assistance from the thread william dudley now the new york fed president granted a way for to keep his investments in a.i.g. n.j. and general electric at the same time that they've given a bailout funds and the reason that the fed gave for not making this guy sell is holdings is because they did not want to create the appearance of a conflict of interest i mean so it's ok to have a conflict of interest you just don't want to create an appearance that the fed outsourced all almost all of its operations for these emergency lending programs to private contractors j.p. morgan chase morgan stanley wells fargo the usual suspects these guys all got trillions of dollars in federal loans at near zero interest rates and two thirds of these contracts were no bid contracts that morgan stanley got over one hundred billion dollars to help manage the f