and i was privy to the photographs of darren's victim. it probably was the worst assault i'd ever seen. i was shocked that man lived. >> some day we'll talk about this and it'll make sense to both of us. right now it just doesn't fit all together, but that's okay. take care of yourself. >> you too, mr. matias. >> man, i didn't think i was going to get that heated, man. i didn't think i was going to get that heated. i almost went there. >> later, with the personal camera our producer let him use, bailey told a different story. >> things look different to me now. i'm no longer on rtu as a result of my excessive behavior, if you want to call it. i dropped the ball. i don't like it. i disappointed myself and i disappointed my supporters. and i have a lot of people that are in my corner, but because i somewhat relapsed, if you want to call it, that's kind of -- these people have been something that no one given me during the course of my incarceration. which would be a simple chance. >> indiana was the first prison to allow inmates to use thes

darren gersh reporting from washington. one agency that came out of dodd frank, the consumer financial protection bureau. today it released a report on private student loans and revealed surprising details about loans issued before the financial crisis, and it offers ideas to reform the industry. sylvia hall reports. >> reporter: from scholarships, to grants, to federal loans, there are plenty of ways to get here. but what happens when they just don't cover the cost of college? for eternanda fudge, the answer came directly from a private student lender, offering a loan with an 11% interest rate. >> i just said, yeah, sure. at that time, i just needed, you know. i needed to get through college. >> reporter: she left college in 2009 with $33,000 in private student debt. now, it totals more than $80,000. >> don't do private loans. if you can't afford it, find another college. >> reporter: but college students do take out private loans and a government report issued today, says early in the 2000s, those loans were being issued,

she showed it to her husband, darren, who actually is also an emt. spoke with darren yesterday and here's what he had to say. >> i was terrified, first of all. i couldn't get my thoughts together. tried to figure out what to do next. and i just knew it was going to be -- i knew from our friend, from the past, that was, you know, some bad stuff. just really bad. it moves very quickly. and, you know, time is of the essence. and you have to -- the surgeons have to be able to recognize it and take care of it. there's no sitting around and reading books and trying to figure out what it is. >> reporter: darren said that the surgeons actually outlined the blue marks on his wife's skin. and he watched it grow. it grew about a quarter of an inch in 20 minutes. >> wow. that's extraordinary. 20 minutes, she likely wouldn't be here if she and her husband hadn't acted so quickly, right? i mean, why was it so critical she get medical attention right away? >> reporter: right, because it moves so quickly, what it does is, it produces toxins in the body and the kidne

. >> reporter: this is darren gersh in washington. the beleaguered blackberry maker, research in motion, faces shareholders. analysts see a company fighting for its life, but the c.e.o. says there's nothing wrong. "nightly business report" is brought to you by: captioning sponsored by wpbt >> susie: back now to our top story-- outlook for corporate earnings. one topic that you'll be hearing a lot-- how the strong dollar and weak euro is impacting quarterly earnings. with us to talk about that, wolfgang koester, the c.e.o. of fire-apps, a consulting firm that advises companies on currency strategies. so wolfgang, how much of an impact will the euro and the dollar have on corporate earnings this season? what can you tell us? >> it's going to be significant. it's not just the euro and the dollar which move quite well, it's also other currencys as well. europe having after overall impact from the dollar versus the euro strength, and then the dollar versus other currencies. that doesn't help >> susie: can you give us some names? >> yeah, a

this is darren gersh in washington. >> susie: beware of malware monday. this is a computer virus that could affect your access to the internet starting on monday. tens of thousands of americans could lose their internet service. ruben ramirez reports. >> reporter: come monday, computer users may find it impossible to reach the internet. in november, the fbi cracked down on a ring of hackers that figured out how to redirect people's computers to websites that were different from what they typed into their search bar. samara lynn is a networking analyst at pcmag.com. >> what these virus makers did was they redirected all these thousands of computers to this site and the more hits that go on this site the more revenue and advertising dollars are generated. >> reporter: one concern: third parties getting a hold of private information. >> the biggest threat is you don't want your information if you're putting a credit card for online shopping or doing any banking you don't want to be redirected to a site that could potentially take that information. >> reporte

>> striking fear into others has also landed darren bailey in prison, but he took things beyond the fear stage. >> oh, man. it was kind of gruesome, man. bodies all found and everything like that. for this area, it's not really easy to walk through. we're not having a typical conversation now. now we're dealing with something more personal. as much as i try to move on, i'm still haunted by that past. >> bailey didn't elaborate on the crimes that got him incarcerated, but with the personal camera our producer let him use, he revealed a violent past in prison as well. >> when i first got sentenced, man, i started stabbing police. you know, i targeted them. okay, well, yeah, i did what i did. okay. and since ya'll want to sentence me excessively, all right, i got pain. so y'all got pain. now we all got pain. >> until recently, bailey's time at indiana state has been marked by violence and outbursts of anger. >> your unit, your [ bleep ], man. your unit. [ bleep ] you. i ran professionally. i've always thought that you're not going to go home anyway, so why tolerate this [ bleep ]? what you

we don't subscribe to damn near. >> darren bailey's commitment to nonviolence comes to a shocking endthe most brutal assault i've seen there in two years. >> and the inmates on "x" row get dreaded news. bln hot dogs bag of ice anti-freeze wash and dry diesel self-serve fix a flat jumper cables 5% cashback signup for 5% cashback at gas stations through september. it pays to discover. >>> jamie daniels has taken an involuntary hiatus from martial arts. he is confined to a segregation unit on a fleeing violation, not being in his cell when he was supposed to be. >> but it was good to get away for a couple of weeks because i was out there just moving so fast. just kind of settled me down, gave me the opportunity to think without a whole lot of chaos going on. and hopefully when i go back out, i'll be more in tune, mentally. >> and in spite of his confinement, the jujitsu expert will do his best to stay in shape physically as well. >> i take a wool blanket, whatever. some people put a book to make it harder. just get a little padding. it's not as forgiving as a regular punching bag, but do

. >> rose: darren clark who one last year. >> well darren clark is, everybody loves darren. the players love him. he really, if you look at him and being realistic his game has been a disaster since he won. i think that's something you could have expected out of an older player winning a major championship. this was really the icing in his career. but in looking at that this is a championship that brings out the best in darren. this is a golf course that he's played two other open championships here. he's finished 11th and third. so he loves the golf course, he likes playing here and i would think if he has a chance to play well at all this year, this will be the not you do it. >> rose: finally there is this. the last 15 grand slam champs have been won by 15 different players. what does that say about the state of the golf game today. >> i think you can look in that a couple different ways. one, we've got a lot of players that are excellent players that they've had a great opportunity to put their name on trophies. one of the reason they've had that opportunity is basically

darren gersh reports. >> reporter: ben bernanke's favorite options for fixing the economy would be for europe to get its act together followed by congress removing the uncertainty over expiring tax breaks and looming spending cuts. but that's not going to happen. and that's why bernanke is exploring other options, like communication. the fed now promises to keep interest rates low through 2014. it could extend that to mid- 2015, a move that might lower some interest rates a bit. but there is a credibility problem here. ben bernanke is scheduled to leave the fed in early 2014. a new chairman could chart a new path. another option: cut the interest rate the fed pays on almost one and a half trillion dollars in excess reserves banks keep at the fed. that might force some banks to look for another place to park their money. >> banks need to put the money someplace and it might help to get some of at money out into the market. but they might put it elsewhere if they were afraid to make new loans. they could invest it directly in treasury obligations or similar types of instruments. >> repor

thank you very much for joining us, the view from darren chervitz. guy, trade it for me. >> the ibm quarter, they have had better quarters when the stock has gone down. this quarter wasn't great. what it says to me is people have used ibm, they think the tape is still strong and it's going higher, to get it on the cheap. earnings weren't great. they weren't bad. price is truth. people want to own the stock. right now tech like ibm, qualcomm, i think even microsoft, to be honest, looks like it wants to go up. >>> coming up on "the halftime report," housing stocks have been on a tear coming out of the fourth quarter of last year. but is today the day the momentum trade effectively ends, or is it an opportunity to buy more? we'll ask one of our traders who's been on the right side of that trade. stay with "the halftime report." with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly thos

as darren gersh reports, the decisions states make will have important consequences for hospitals and other health care providers. >> reporter: at first, it sounds like an amazing deal. if a state agrees to expand medicaid to cover far more low- income people, the federal government will pick up the entire cost. but there is a catch. after a phase-in period of a few years, states will have to cover 10% of the cost of the expanded coverage. for some governors who already think the affordable care act is a bad idea, that's not much of a bargain at all. >> so now our governors are going to have a choice. do i expand medicaid up to 133% of the poverty line and, if i do, i pick up 10% of the cost and the feds pick up 90%? or do i say no, in which case it costs me literally nothing, so it's cheaper for me? >> reporter: look closer at state budgets, and the calculation becomes more favorable. states pay most of the cost to provide services like mental health care to low-income people who are uninsured. if they expand medicaid, the states will effectively be shifting 90% of that cost to the f

darren gersh, "n.b.r.," washington. >> reporter: i'm diane eastabrook. still ahead, farmers and legislators call for more accountability from the futures industry. "nightly business report" is brought to you by: captioning sponsored by wpbt >> susie: despite that gloomy outlook from fed chairman bernanke, the nation's homebuilders are feeling upbeat. the national association of homebuilders' confidence index posted its biggest monthly jump in nearly a decade. and that helped boost investor confidence on wall street. the dow rose almost 80 points, the nasdaq added 13, and s&p gained ten points. it's a mistake for investors to be hoping for the fed to take more action on the economy. so says our next guest, josh feinman. he's chief economist at d.b. advisors. so, josh, i guess this is a case of be careful what you wish for, right? >> exactly. i think people have been wishing for it for a long time, and my concern is that you're only going to get it if the economy is weak and weakening. i don't think anybody should root for that. what would be best for ever

darren gersh, "n.b.r.," washington. >> reporter: i'm erika miller. many consumers started buying store brands as a way to save money. still ahead, i'll tell you why they're still remaining loyal to them, even as the economy gets better. "nightly business report" is brought to you by: captioning sponsored by wpbt >> susie: a disappointing read on new home sales. they fell to their lowest level in five months. sales were off almost 8.5% in june, to just 350,000 units. analysts expected a gain of nearly 2%. meanwhile, median prices on new homes fell just over 3% in june to $232,500. >> tom: strong earnings from two big dow components: boeing and caterpillar helped offset disappointment over that drop in new home sales. as did hopes the federal reserve will soon take action to stimulate the economy, more on that in a moment. the dow closed up 59 points, the nasdaq fell almost nine points, and the s&p down a almost half a point; weakness in apple shares weighed on both the nasdaq and the s&p. >> susie: as tom just said, there's a lot of speculation that w

darren gersh reports. >> reporter: on wednesday, the federal reserve may give investors a new date to mark on their calendars-- 2015. chairman ben bernanke and his colleagues had promised to keep rates exceptionally low through late 2014. >> i think it would be natural, given that the economic outlook is still fairly weak to extent that out another six months and suggest that rates are going to continue to be very low for a long time. >> reporter: but promising to keep rates low into 2015 is likely to have a small impact on the economy. a more aggressive move this week to launch another big program to buy bonds and bring down interest rates is considered a long shot. while the fed isn't happy with the soft economy, it isn't worried yet that growth has broken down. >> i think that will temper the willingness to do something extremely aggressive at this stage. >> reporter: europe is a different story, which is why expectations are higher for the european central bank's meeting on thursday, especially after comments from e.c.b. head mario drahgi last week that seemed to promise aggressiv

but as darren gersh reports this is now really a question of timing. >> reporter: the fed was not willing to give markets an immediate monetary fix, but the latest readings from its policy making committee show a couple more lukewarm reports on the labor market might change that. >> and if these employment reports are still weak like this last one, i think a strong case could be made for the fed to expand its balance sheet and try to support the economy more. so, at that point it will be clear that the recovery has stalled like they said in the minutes would be a condition for them to do more. >> reporter: minutes from the fed's june meeting show only a few policy makers wanted to act quickly to boost the economy. several others wanted to expand the fed's efforts to bring down interest rates, but only if the recovery were about to lose momentum. at least one fed policy maker indicated another round of quantitative easing wouldn't help much, a view some economists share. >> it's small. it's in the right direction. it's not hurting anything. but it's not the basis for an economic recovery.