i'm darren gersh. good night, everyone.we'll see you online at nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

i'm darren gersh. good night, everyone.we'll see you online at nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org vo:geico, committed to providing service to its auto insurance customers for over 70 years. more information on auto insurance at geico.com or 1-800-947-auto any time of the day or night.

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 -- they have every right to -- these people have been something that no one given me during the course of my incarceration. which would be a second chance. >> indiana was the first prison

-- show voters his economic vision for the next four years. >> susie: you know, it's interesting, darren, the people in your piece have very strong opinions about this election. so what does obama need to say to voters to sway them over to his way of thinking? i understand you just got some excerpts from the president's speech. >> just a few minutes ago. i mean obviously what we going to see is the president is going to try to continue the defense of his administration we heard so eloquently from bill clinton last night. he's going to try to paint romney as an extreme, risky alternative for the country, a change we don't want. but the president is going to lay out goals for his next four years. and they're interesting. one he's going to embrace deficit reduction. you remember he was criticized for not embracing the bowles simpson commission that president clinton talked about yesterday. he is going to say that he embraces the goal of four trillion or more in deficit reduction. so that's going to be an interesting change. he's also going to embrace the fracking revolution, energy independ

the time expires the raiders beat the steelers 34-31 during >>> i thought darren played well he's an expose explosive player >>> like you saw today it takes one crease for daring to get an opportunity to break run we have confidence in him i thought offense played of standing. >>> the last time the 49ers played in minneapolis they were underdog and brett favre through the last-second touchdown today they were favored, jim harbaugh talked-about he wanted to avoid the so-called contract game. kristyn ponder fakes to adrian peterson it is 7 nothing minnesota. they extend the lead. ponder scampers 23 yds for a touchdown to make it 40 nothing minnesota. a good start for ponder appearing 49ers down 17-3 at halftime but come on strong. alex smith to vernon davis makes it 17-13. ponder to rudolph again third touchdown of the afternoon 24-13 viking's parent to minutes left, smith pass to crabtree of market and pick off. his first interception since last year. sam's score after minnesota fumbled smith is hidden and fumbles and that ice is the game 49ers take their first loss of the season 24-1

raiders down 7-0 and 2 darren mcfadden, there's a 64 yd number and the game tied at 7. there were down 14-7 carson palmer floats it up for the touchdown pass the lead for pittsburgh at the break. scary moment here darius hayward bay drilled by the defender leading with his helmet. lead to a 12 minute delay taken to a local hospital, palmer under pressure spins around palmer throws his third touchdown of the game during the raiders get a get. brown loses the football, philip wheeler get said raiders get a field goal from that and the game tied at 31. under a minute left craters force the steelers on drive down failed polymer to hagen there now and sea bass territory during bring on jankowski from 44 yds the kick is up the kid is good. time expires the raiders get their first win of the year. >>> i thought darren played well he is an explosive player. like you saw today it takes one crease for daring to get an opportunity to break a big run we have confidence i thought offense played outstanding >>> dennis allen's birthday yesterday the last time for the 49ers played in m

>> 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. [ bleep ] [ bleep ] you. i've always thought that you're not going to go home anyway, so why tolerate

. >> darren, in terms of some of the chinese internet, very bullish on cena.k about valuation, though, and where people -- you see a myriad. cena actually is a value play in the my of a lot of these guy that is are grossly overpriced. but again, give us an idea of where you see kegger both on earnings, but more importantly if you're worried about the corporate governance. >> corporate governance is by far the biggest risks in china. we've seen stories in the small micro cap side. largely the bigger companies have avoided some of the stig ma -- stigma attached, but it's a risk. there's no way you can fully know what's going on. >> but isn't that absurd as a fund manager to say i don't know what they could do? with all due respect, that seems like a huge risk to take. >> i think if you are willing to take -- like you said, it's a little bit of a value play. there's a discount in the name, in my opinion, for the potential growth. you'll see the largest internet market in the world. so i think the opportunity is such that you take the -- you do the due diligence y

darren gersh, "n.b.r.," washington. >> susie: tomorrow, former senator sam nunn joins us.e'll talk about how our debt impacts national security. to learn more about the national debt, go online to www.nbr.com. >> tom: the number of americans paying income taxes was the hot topic of the presidential campaign today. a video of republican presidential nominee mitt romney at a private fundraising event in may was posted online by the liberal magazine mother jones. in his comments, romney described supporters of president obama as "dependent upon the government." >> there are 47% of the people who will vote for the president no matter what. all right, there are 47% who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name- it. that-- that's an entitlement, and the government should give it to them. and they will vote for this president no matter what. >> tom: now, late last night, romney said his comm

darren gersh, nbr, washington. >> tom: a big payday for an irs whistle-blower. former u.b.s. banker bradley birkenfeld was awarded $104 million for helping the internal revenue service uncover details about the swiss bank's role in encouraging tax cheats. it's the largest award ever in the u.s. for a whistleblower. birkenfeld detailed illicit practices at u.b.s. those details lead the bank to cut a deal with prosecutors in 2009. u.b.s. paid $780 million and was forced to give up the names of 4,000 american taxpayers holding secret swiss bank accounts. the major stock indices edged higher awaiting tomorrow's german court ruling on the european bailout and the federal reserve beginning its policy meeting. the s&p 500 continued trading in a very narrow range, finishing higher by a third of a percentage point. it continues to hover just below its post-recession high. one sign of economic demand-- imports into the u.s. in july were up slightly, eight tenths of a percent. but the slowdown overseas led to a 1% drop in american exports. the trade deficit grew slightly to $42 billion.

darren gersh, nbr, washington. >> reporter: i'm erika miller in new york. coming up, we'll hear from italian prime minister mario monti on the future of the euro. is italy better off with the euro or without? there was a time not so long ago the blackberry device was a korpts status sim bon then came itsix phone and android system. after the closing bell research in motion reported it lost money for the third quarter in a row. but it lost a lot less money than feared. losses were 27 cents per share, that's about 20 cents less than analysts estimate. and perhaps most encouraging after months of delays the company said its newest blackberry device is still on track now to launch in the first quarter of the year. colin gill sis with us, senior technology analyst at bgc financial, he joins us from that firmment dow agree, results not as bad as feared? >> absolutely. its company lives to fight another day. when you look at the results, there were several glimmers of positive notes you could take away including an increase in the cash position and an increase in

. >> reporter: this is darren gersh. the president cast the august jobs report as another positive step on the long road towards recovery. >> today, we learned that after losing 800,000 jobs a month when i took office, business once again added jobs for the 30th month in a row, a total of more than 4.6 million jobs. >> reporter: the turnaround wasp dramatic, but measured against the number of jobs lost in the great recession, the president's policies have only gotten the nation part of the way back to normal. >> a recovery package that was only ever intended to generate around three million jobs when you are fighting something that is going to make you lose eight million jobs, that's just not enough. >> reporter: the administration argues the president would have done more, but he got no help from republicans in congress. >> the president has been focused on taking steps to strengthen the economy, to strengthen job growth, he's worked with congress to do this, he has asked congress for more assistance to help the economy

darren gersh, "nightly business report," washington. >> tom: u.s. stocks ended their best quarter today since 2010, despite some weakness today. investors locked in profits today after another set of disappointing economic data. a measure of business activity in the midwest fell to 49.7 in septmber from 53 in august, the first such contraction in three years. and a national gauge of consumer sentiment slipped to 78.3, after registering 79.2 earlier in the month. meanwhile, spain's banks got a passing grade on its stress test but that wasn't enougto put wall street's european worries to rest. the dow lost nearly 49 points the nasdaq dropped 20 and the s&p fell six. >> tom: still, a wave of central bank actions across the globe pushed the major stock averages to solid gains in the third quarter. in the past three months, the dow rose more than four percent. the nasdaq and s&p 500 both tacked on about 6% powered higher in part by apple's big run-up. the quarterly rally comes despite september's reputati and strong challges for stocks. suzanne pratt has

darren gersh spoke today with business owners in roanoke, for an update on how the president's message is playing. >> reporter: the president chose roanoke va, a key city in a key swing state to lay out his vision of government and business cooperating to boost economic growth. >> the point is, is that, when we succeed, we succeed because of our individual initiative, but also because we do things together. roanoke was also where the president awkwardly stressed the importance of government-funded infrastructure to business. >> somebody invested in roads and bridges. if you've got a business, that- you didn't build that. >> for many businesses here, that comment showed the president is an economic problem, not the solution. >> that brief portion and it may have been taken out of context reinforced that perception. >> reporter: columnist dan casey responded to the uproar by writing about the many examples of government support for local roanoke businesses and the revival of the downtown area but the response to his defense of what the president meant to say was mixed. >> half the respon

and, as darren gersh reports, she is calling on leaders in europe and the u.s. to change direction. >> reporter: the managing director of the i.m.f. has been described as the world's chief financial fire fighter. and today, christine lagarde urged policy makers in europe to make sure another spark doesn't re-ignite the crisis. >> we need a sustained rebound, a sustained rebound, not a bounce. if this time is to be different we need certainty more than uncertainty. and we need decision makers to turn into action takers. >> reporter: again and again, european leaders have shown they follow dramatic breakthroughs by enacting them slowly or not at all. the latest example is a plan to create a european banking union. over the weekend, e.u. leaders clashed over how fast they should move to put reforms in place. >> it shows a little bit the contradiction of the european project. in many aspects and certainly financially and economically, it is one nation, it's one economy, and yet, politically when it comes to sovereign decision- making it is 17 sovereign nations comin

darren gersh, "n.b.r.," washington. >> as the federal reserve keeps interest rates at historic lows investors have been piling into dividend paying stocks. but some the dividends may come with plenty of danger. and that's tonight's word on the street. david pellet-- peltier is back with us portfolio manager of thestreet.com. you have been looking at yielding stocks for a long, long time for us. how do you define a dangerous dividend? >> thanks for having me back. the average stock on the s&p 500 yields about 2% but some of the stocks we'll look at tonight yield as much as 10%. so investors just need to know that for that extra compensation, there is extra risk you must understand beforehand. >> so that extra risk, when does that begin to border into dangerous area for shareholders? >> sure, i like to see easternings at least two times as much as the annual dividend payout. >> you fall below that two times range you might see some risk of the dividend. also if there is debt on the balance sheet that say huge red flag. debt holders will get paid before the dividend will. >> it's important to kn

darren gersh reports from washington d.c. >> reporter: when the u.s. was preparing a $5 billion deal to sell arms to taiwan last year, a chinese columnist at the influential people's daily fired a warning shot: it was time for china to use it's "financial weapon" to teach the u.s.a. a lesson. since then, the pentagon and other security analysts have come to think of the threat china will use its trillion dollar plus portfolio of treasury bonds to punish the u.s. as something of a bluff. >> it's always out there as a possibility, but i think the weight of the evidence, particularly from economists has been that it's not a credible threat. that the cost to them would probably be larger than the cost to us. >> reporter: inside china, there are conflicting views of beijing's role as banker to the united states government. some see it as a source of leverage, but others see chinese holdings of u.s. debt as an investment with little return. >> it's not invested in their own country. it hasn't been given to their own people. it's a gigantic waste of money. an

darren gersh reports. >> if you are unemployed or worried about keeping your job, the federal reserve today had a clear message for you-- "we're here to help." federal reserve chairman ben bernanke explained the central bank's decision to take the aggressive and innovative step of launching an open-ended program to buy up mortgage securities. the idea bernanke said is to bring down interest rates on mortgages and other loans even further in a bid to shake the economy out of its rut, and make sure high long-term unemployment does not become a permanent feature of the american economy. >> this is a main street policy, because what we're about here is trying to get jobs going. we're trying to create more employment, we're trying to meet our maximum employment mandate, so that's the objective. >> reporter: bernanke and his colleagues may have been slow to get here, but supporters of a bold approach say the fed did what was needed. >> the fed, normally, it's view is to take away the punchbowl as soon as the party gets started. they said, "we're not doing that. we want to get this party sta