. >> tom: but dow chemical is hiring. it's building a billion-dollar plant in texas, thanks in part to the historic drop in natural gas prices. it's "nightly business report" for thursday, april 19. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. susie is off tonight. familiar worries were back today-- worries about jobs and housing. first, jobs. the number of people filing for unemployment insurance for the first time fell by 2,000 to 386,000. that sounds like good news. but more people than originally thought filed for unemployment insurance last week. that number was revised higher. the data, plus some mixed earnings reports, caused investors to sell shares for the second straight day. the dow fell 68 points, the nasdaq lost almost 24, the s&p down eight. and then there was housing. we saw new signs the recovery in housing remains questionable. sales of existing homes dropped 2

and how is the debt affecting dow chemical? an dree liveris is joining me on cnbc, first in business worldwide. how math and science kind of makes the world work. in high school, i had a physics teacher by the name of mr. davies. he made physics more than theoretical, he made it real for me. we built a guitar, we did things with electronics and mother boards. that's where the interest in engineering came from. so now, as an engineer, i have a career that speaks to that passion. thank you, mr. davies. >>> i'm jane wells in los angeles. just going through this starbucks report. they raised their outlook for the year, earnings per share between 1.80 and 1.84. the difference is in coffee costs. they maintained averages of 13.5% from a year ago. they are expecting operating margins to improve slightly over last year but they are saying that they expect commodity costs to add approximately $230 million in cost pressure to the year but they say the majority has already been reflected in results from the first half of the year. maria,

dow chemical and then got in two thousand and one on august third the boards of old carbide approved the burger agreement that will create the world's second largest chemical company and. does complicate things and doesn't because the law on contamination is very clear in india and in the us and he's the principal of the polluter pays principle it is the idea under international law that the liability for pollution should always be traced back to the polluter the polluter should not be able to externalize the costs of pollution onto society at large or a third party it shouldn't be the government's responsibility to clean up at public expense after private polluters. so riyadh and i don't i don't know i don't know that is one of the water that i get on many of these people. drinking contaminated water you feed it just like one of the larger problems. in the neighborhood and then we've got to walk out of this bomb test bed every foundered highly contaminated they do not have any other choice and they are drinking this water. it was like sometime two thousand and four it was sometime in

dow chemical go to how it go to how you how. agents of dow should be spanked. if you look at subject to the jurisdiction of a deal then you'll have to submit to the american boards and the american workers after news of the above. in two thousand and four the supreme court's directed the government to provide clean and safe water up to governments the states and central has failed to honor the supreme court's order. them on the promise that kind of member two thousand and nine government would supply clean water but that's a promise was never fulfilled but some pipelines relate in some areas in every area of the water they're supplying the spices duty and not fees for drinking water. kids and bad goodbye to finish the mission control board certified against any high concentrations of quality you said knowingly this water is what is being supplied to locals who have given their lives. no company should realize that it cannot break this country's laws. if we win this fight outsiders will gain nothing again will be for years the people of ohio. like you do you kno

from the beginning and to this day dow has taken a leadership position in chemical security. for both our site security and our distribution system security processes. the cfats concept is good. risk-based and focused on the right priorities. the cfats design is good, allowing regulated companies to apply customized security systems and processes to each unique site and situation, to comply with dhs's established performance standard and subject to dhs approval. the issues with cfats are in the details, and those can be fixed if we work as a collaborative team with a common goal. we need to fix what is wrong, not start over from square one, and we don't need to make the process more complex. there are many effective and efficient operations to achieve this successful implementation of cfats and the ultimate goal of reducing the vulnerability of the chemistry, our communities and our country. we can get site security plans approved. we can get the highest risk sites audited. we can get agreements and plans in place to reduce vulnerabilities and comply with the risk-based perfo

coming up, dow chemical riding the nat gas boom. we're going to talk to the ceo about new plans for a multibillion dollar plant in texas that will create thousands of new jobs right here in the usa. don't forget, free market capitalism is the best path to prosperity. the natural gas miracle is part of the free market miracle. i'm kudlow. we'll be right back. [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ hey, heard any updates on the game? i think it's final seconds, ohh, shoots a three, game over. so two seconds ago... hey mr. and mrs. harris, where's kevin? say hi kevin. mom, put me down. put...the phone...down. hey guys. did you hear... the choys had their baby? so 29 seconds ago. well we should get them a gift. [ choys ] thanks fo

in chicago with a look at today's business headlines dow chemical is closing a plant in illinois in charleston.. for others around the world will be shot in two years because of the european debt crisis in a total of 900 jobs will be lost across these closings from dow chemical groupon stock is plunging 11% it's trying to contain fallout over its latest financial problems sales were lower than estimated in its latest earnings report it says it is working with an accounting firm and hiring more finance people to straighten things out there ... burger king a is putting out its new menu today that includes fruits moody's salad snack perhaps and frappes new packaging and employee uniforms ... they're fighting to get back to the no. 2 position that they lost to wendy's rave reviews for the apple i phone 4 and its screen and faster connectivity ... construction spending fell 1% that was an unexpected drop ... as adults we know how important it is to maintain good credit but not many parents think to keep an eye on their children's credit more and more thieves are stealing the credit of young childre

depicting the october 1967 protest, over the issue of admitting recruiters, corporate recruiters from dow chemical, dow manufacturers napalm and seran wrap, as i recall. what we see in the documentary from the film footage is students, peaceful members of sds, non-violent, staging a peaceful sit-in, being savagely beaten by city police officers. and this radicalized the campus. this set off a three-year period, a fuse that ultimately exploded in 1970 with carl armstrong. what we do not see from those pictures is that the campus police had actually disarmed themselves prior to the sit-in. they removed all weapons, anything that could be interpreted as a weapon, since they did not want to provoke violence. what the film does not show is the sds members assaulting students and campus police officers and beating them up as they tried to gain entry to interview with the dow corporate recruiters. instead, we see provocation and from the part of the police, the city police, then the violence. now, i lead off with these examples not to bring up issues of bias. though those issues could certainly be brough

dow chemical rose after a healthy earnings report. red box owner shot up as much as 14% in late trade after doubling quarterly profit expectations. >>> barnes and noble tum welled 6%. apple said charges it was a co-conspire ra store in the ebrook prize fixing scheme are not true. >>> a personal conduct investigation in best buy's former chief centers around whether he misused company funds during an alleged relationship with a 29-year-old female employee. >>> california's supreme court ruled thursday employers are not obligated to make workers take their legally-mandated lunch breaks. >>> say it ain't so, a divorce in candyland? mike and ike are calling it quits in a new ad campaign to draw in younger customers. >>> coming up, chicago bulls beat the heat. boston breaks down the caps and the saints keep the head coaching job in-house. >>> plus the broadway blues beat up on ottawa in game one of the stanley cup playoff match-up. your "early today" sports headlines are straight ahead. >>> the weekend forecast is all about severe storms i

and dow chemical says it's closing four plants and laying off 500 workers which will incur a one-timee of $300 million. they plan to slash costs by $250 million a year. dow chemical makes styrofoam and insulation material used in home and material construction which has seen sharp declines particularly in europe. >>> well, in other late-breaking news, the agency designed to help with company expenses is coming under fire after the excessive expenses aet a training conference. michelle. >> martha johnson was the head of it. sh e had to submit her resignation. her two top lieutenants were fired. we'll show you a picture of her. back in 2010 her agency spent $835,000 on a conference in las vegas, a training conference for her employees. where did that $835,000 go? $3,200 on a mind reader, 6,300 on a commemorative coin set. $75,000 on a training exercise to build a bicycle. i'm going to check with steve. that's a pretty high price for a mind reader. gsa is an organization. if you need a new building, they go out and get it for your you. they procure things for you. they're supposed to hel

after the bell dow chemical rose after a early report. redbox shot up 10% after doubling quarterly profit expectations. barnes & noble up 6%. meanwhile apple said charges it was a co-conspirator in that ebook price fixing scheme against amazon are, quote, simply not true. >>> a personal conduct investigation into best buy's former chief apparently centers around whether he misused company funds during an alleged relationship with a 29-year-old female employee. >>> california's supreme court ruled unanimously thursday that employers are not obligated to make workers take their legally mandated lunch breaks. >>> and say it ain't so. a divorce in candy land. that's right? fruity candy pals mike and ike are calling it quits in an ad campaign to draw in younger customers. >>> coming up, chicago bulls, the heat, boston breaks down the caps and the saints keep the head coaching job in house. >>> plus broadway blues beat up on ottawa in game one of their stanley cup playoff matchup. your early morning sports headlines are straight ahead. >>> the

least conscience's the start dow chemical which never accepted blame for one of the world's worst industrial disasters the toxic leak in bhopal india that killed thousands it sponsoring eleven million dollar wrapped around the stadium after a ferrari dows logo now waved to peer on the wrap as for the game's official electricity supplier that's e.d.f. . green. one of the u.k.'s big six energy providers self-proclaimed green pioneer and owner of all the u.k.'s nuclear power stations and their hackers really have been convicted in france of spying and greenpeace they hacked in tory mail accounts. thing that people look to aspire to this sort of deal not. an espionage which is what he did. as well known for them as bt a major backer and so-called sustainability partner despite being according to some one of the world's least sustainable companies has been the deepwater horizon oil spill off the gulf of mexico they've continued their investment and really their lobbying around the tar sands in alberta continuing to devastate indigenous communities and then they also completely scrapped since b.p.

meantime ford is teaming up with dow chemical to explore how to use carbon fiber in vehicles in order to make them more fuel efficient. by 2020 ford aims to cut 250 to 750 pounds from its lineup of new cars and trucks partly by using lighter materials. that will allow it to get more miles to the gallon. >>> samsung takes another stab, updating its galaxy device to let it work as a universal remote for your entertainment system. it will be available in the next few weeks. marla, back over to you. >>> we want to check the forecast now with meteorologist christina loren. look at it coming down. >> yeah, we don't usually get active weather at this magnitude here in the bay area. take a look at what we're dealing with this morning. the radar tells the story. look at that, we've got a strong front and it's warm enough out there no isolated thunderstorms embedded within this front, so take it easy this morning as you make your way out that front door. obviously this is not the first round of rain we've had to deal with. your grounds are already is the rated and it is dangerous this morning.

dow chemical cogent how it go to how to how. agents of dow should be spanked. if you look so good to the jurisdiction of india and your hotness of it to the american boards and the american ports are to do something about. it. in two thousand and four the supreme court's directed the government to provide clean and safe water but the government's boost the state and central has failed to honor the supreme court order. and then again on the promise that by november two thousand and nine the government will supply clean water but that promise was never fulfilled because some pipelines relate in some areas but not in every area the water they're supplying the spikes is duty and not for drinking water i'll speak of some kids and their by the british the mission control quarters certified against very high concentrations of coal like to some knowingly this water is what is being supplied to the locals to have given their lives. no company should realize that it cannot break this country's low. budget if we win this fight outsiders will gain nothing gain will be for

dow chemical rose after a healthy earnings report.ed box owner shot up as much as 14% in late trade after doubling quarterly profit expectations. dar barnes and noble tumbled 6%. apple said charges it was a co-conspirator in an e-book price fixing scheme are not true. >>> a personal conduct investigation in best buy's former chief centers around whether he misused company funds during an alleged relationship with a 29-year-old female employee. >>> california's supreme court ruled unanimously on thursday that employers are not obligated to make workers take their legally-mandated lunch breaks. >>> and say it ain't so. a divorce in candyland? that's right. fruity candy pals mike and ike are calling it quits in a new ad campaign designed to draw in younger customers. >>> coming up the bulls, the heat, boston breaks down the caps, and the saints keep the head coaching job in-house. >>> plus the broadway blues beat up on ottawa in game one of their stanley cup playoff match-up. your "first look" at sports is straight ahead. pop in the drum

funded advertising campaign for some of the worst corporate criminals in our world today first stop dow chemical which never accepted blame for one of the world's worst industrial disasters the toxic leak in bhopal india that killed thousands it sponsoring eleven million dollar wrapped around the stadium after a florrie dows logo now won't appear on the rack as for the game's official electricity supplier that's e.d.f. . green. one of the u.k.'s big six energy providers self-proclaimed green pioneer and owner of all the u.k.'s nuclear power stations and their hackers media's been convicted in france of spying and greenpeace they hacked into or e-mail accounts and turn it into one minor campaign against them the sort of thing that people look to aspire to the sort of ideal not sort of grubby. and espionage which is what e.t.f. sadly is well known for then there's be a major backer and so-called sustainability partner despite being according to some one of the world's least sustainable companies there's been the deepwater horizon oil spill off the gulf of mexico they've continued their investment

advertising campaign because some of the worst corporate criminals in our world today first start dow chemical which never accepted blame for one of the world's worst industrial disasters the toxic leak in bhopal india that killed thousands it sponsoring eleven million dollar wrapped around the stadium after a florrie dows logo now won't appear on the rack as for the game's official electricity supplier that's easy yes. green. one of the u.k.'s big six energy providers self. pioneer and owner of all the u.k.'s nuclear power stations and their hackers. convicted in france of spying and . e-mail accounts in an attempt to undermine our campaign against them. deal. which is what he. is well known for them as he a major backer and so-called sustainability partner despite being according to some one of the world's least sustainable companies. continue their investment and really. continue to devastate indigenous communities there and then they also completely scratch so any claim to being a leader and sustainability was wiped out with that so. it's essentially. just bought an image that they want to

last fall a former dow chemical scientist pled guilty to transferring stolen trade secrets to individuals in europe and in china. these are a few examples of the growing insider threat from employees who may use their access to commit economic espionage. turning to the cyber threat, this will be an area of particular focus for the fbi in the coming years as cyber crime cuts across all of our programs. terrorists are increasingly cyber savvy and like every other multi national organization, they are using the internet to grow their business and to connect with like-minded individuals. and they are not hiding in the shadows of cyberspace. al qaeda has proud a full color, english language online magazine. extremists are not just using the internet for propaganda and recruitment. they're using cyber space to conduct operations. and while to date terrorists have not used the internet to launch a full-scale cyber attack, we cannot underestimate their intent. one hacker recruiting video, a terrorist proclaims that cyber warfare will be the war of the future. then you have state-sponsored compute

sponsors are chasing are the ones who put in place wallets in the least conscience's first up dow chemical which never accepted blame for one of the world's worst industrial disasters a toxic leak in bhopal india that killed thousands it spots around eleven million dollar wrapped around the stadium after a florrie dows logo now won't appear on the wrap as played against official electricity supplier that's easy yes. green britain day. one of the u.k.'s big six energy providers self proclaimed green pioneer and owner of all the u.k. sneakily a power stations and their hackers previously convicted in france for spying and greenpeace the absent or e-mail accounts close we thought the sort of thing that people look to aspire to the sort of ideal not. liking and. which is really sadly is as well known for their lives b.p. a major backer and so-called sustainability partner despite being according to some one of the world's least sustainable companies there's been a deepwater horizon oil spill of it all from mexico they've continued their investment in the lobbying around the tar sands in albert

base that a gentleman or lady coming out of kellogg business school has with an opportunity at dow chemical. third, and essential to this in the infrastructure space, as i talked about, we're launching in the next week -- we're ready to launch about $7.3 billion of infrastructure spending in the city of chicago over the next three years to create -- that will create 30,000 jobs. we are replacing 1,000 miles of water pipe. everything that's 100 years or older will be replaced. 750 miles of sewer will be either replaced or relined. 160,000 catch basins will be totally replaced and rebuilt. we have the two largest water filtration systems. those will be rebuilt. and the reason also is not only for our water. it's basically all that saving two years worth of watt they're we lose to leaky and old pipes will actually be -- two years' worth for households will actually be conserved. our savings from water, sewer, the catch basins will all be redone. 18,000 jobs just for water alone. over the next decade, 2,000 of our 4,000 miles of road will be repaved. not only are we rebuilding a new chicago, bu

we know the renaissance has arrived, with dow chemical siting it's plants over here.l gas, but i think we're in the early stages. it will indeed drive new construction in the country. if it can drive construction, you'll see a much better phone for the broader economy, including finance, as the banks have complained endlessly about the lack of construction activity. we many industries in the south and midwest, but they don't have the infrastructure to carry -- ppc does, because it's located at the heart of the marcellus shale. nucore has it in louisiana where it's not -- alcoa gets a ton of business, because it makes turbines that use natural gas, bringing energy costs down, and switching -- cummins makes natural gas engines for heavy-duty trucks in the u.s. you do the math. turns natural gas into liquid form, so it can be exported. near energy, hiring 3 to 4,000 workers so they can take advantage of natural gas and allow the customers to save money. all of this activity is going to lead to an infrastructure construction boom in this country that's unassailable and ca

the commodity earnings, the paper company, they came out and talked about lower global prices, dow chemical said the same thing. potash, lowered demand for fertilizers. coal and iron ore producer, cliff natural lower demand as well in asia pacific, look at the nurmbers. rather surprising. mandy, a rise in brent crude today. that's not good for the economy. it's putting pressure on the transports. look at this it started going up for the first time in a wliel. did you notice transports? all down on u.p.s. and higher crude price. you very rarely get a divergence between transports and industrials like we're getting today. >> bob, thank you very much for that. in the meantime, outlook survey out today and we've got an exclusive first look at investor sentiment on where they plan to put their money over the next six months. berny is executive vice president and head of schwab advisor services. great to have you on the show. interesting findings here. you say at this stage advisors are more bullish than high net worth investors. what are advisors feeling about the environment out there that perh

. >> chairman lundgren, ranking member clark, i am chief security officer for the dow chemical co.. i am speaking on behalf of the doubt and american chemistry focus on four points today. there are clearly concerned on all sides about the lack of significant progress on implementation of the physical standards. we see these as management issues and not issues with the cfats concept. companies implement responsible care cote for security. in 2002 and voluntarily and significantly improved security over the past decade spending $10 billion on security enhancements. third cfats has achieved some progress toward improving security of the chemical sector. the design is good. we have an excellent opportunity to direct the board to complete the critical path before us. the lack of significant progress along with apparent internal issues are disheartening but not a cause for altering our course for nullifying the efforts and progress have been made. the open and collaborative partnerships that were successful in the beginning have declined and lack of mission clarion leadership is the paren

i also want to talk dow chemical. one of the things we keep getting is these dividend boosts. want to be in dow an upside and dividend boosts or be in a ten year treasury? >> same conversation we had yesterday about at&t. i'm sure something that figures into jpmorgan as well. all right. we'll keep an eye on all of those. >> tractor supply? >> to melissa. >> thanks, guys. opening bell is straight ahead. much more ahead on wall street. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. on december 21st polar shifts will reverse the earth's gravitational pull and hurtle us all into space. which would render retirement planning unnecessary. but say the sun rises on december 22nd, and you still need to retire. td ameritrade's invest

. >> dow chemical down 3%. >> that's disappointing. dupont produced a pretty good number, so this makes it look that much worse. >> ups down 7%. >> domestically they were strong, internationally, not what people were expecting. this stock is around $75. looks like a great value. >> and drop of the penguins. friends woke up to a penguin waddling around their living room. they apparently got drunk and broke into the place where the penguins were, stealing the animal. no word if mike tyson showed up that night. >> that's for social media right there. >>> nuance stores, zynga shares falling for the first time in about a month. more half time report on the way. an investment opportunity you didn't see before. fidelity's next generation ipad app lets you see what's trending around the world, as well as what over a million fidelity customers are trading throughout the day. and advanced charting lets you customize your views and set up your own comparisons. our ipad app can help refine your strategy or even find a new one. i'm velia carboni, a

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. >> the other is dow chemical and a lost good things happening there.to goods because nat gas came way down. >> you are also a bull on truckers. why is that? >> a lot of reasons we thought housing was bombing. we can't analyze the companies and speculate, but the derivative plays and power cools and construction and et cetera, that's how we want to play it. i was going to say if housing comes back, transportation and freight say huge beneficiary. that's a class act and 60% is intermotal. that's the most cost-effective way to move goods and they are the best at it. we like that as well. >> thank you so much for your time. we appreciate you joining us. from westfield capital again, this is one of the picks up and 10%. this is the thing we have been on for quite sometime in terms of playing the derivatives on housing. we have to have a break, but we will continue to cover the story of warren buffett being diagnosed with stage one prostate cancer. much more on the story straight ahead. # >>>> more information about survivability. what warren buffett has bee