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Dec 29, 2010
12/10
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erika miller talked with experts who predict higher energy prices in the new year. >> reporter: anthony grisanti has been trading oil at the new york mercantile exchange for more than 20 years, so he is used to unpredictable moves in energy prices. but even grisanti is baffled by the recent rise in gasoline prices at both the wholesale and retail levels. >> to have gasoline, say $3 at the pump for christmas is unheard of. usually the fourth quarter is the time when there's least demand for gasoline. so, i'm very surprised at that. >> reporter: according to aaa, prices at the pump are now averaging $3.05 a gallon nationwide, a 13% increase in three months. blame rising crude prices, which have traded at two year highs for most of december. morningstar's allen good says the rally is being driven by strong energy demand from asia. >> despite small increases here in the u.s., a lot has been driven by china and emerging markets. so, while we really haven't seen any additional production capacity come online the past two years, we have seen demand recover to levels seen in 2008, when oil pric
erika miller talked with experts who predict higher energy prices in the new year. >> reporter: anthony grisanti has been trading oil at the new york mercantile exchange for more than 20 years, so he is used to unpredictable moves in energy prices. but even grisanti is baffled by the recent rise in gasoline prices at both the wholesale and retail levels. >> to have gasoline, say $3 at the pump for christmas is unheard of. usually the fourth quarter is the time when there's least...
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Dec 3, 2010
12/10
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erika miller looks at whether sweeter holiday sales will mean more retail hiring after christmas. >> reporter: let's not sugarcoat things. sales at the chocolate boutique michel cluizel are up over last year, but store manager michele saint laurent says customers are spending less per transaction. >> i think that they're probably looking to get as much for their dollar as they can. so they are spending maybe a little bit less, the purchases might be a little bit smaller. but buying maybe more gifts, it seems. >> reporter: given the mixed sales signals, the store has not decided whether to make any of its six seasonal workers permanent. it's a dilemma facing many merchants. barry sloane is the c.e.o. of newtek, a firm that tracks retail hiring. he does not expect a surge in retail hiring in the new year. >> sales are up marginally over last year. if you actually break down the components of the sales, the biggest percentage of sales that are up are online. and online does not use a lot of staffing. >> reporter: even if store sales are strong, there are other reasons merchants may hold
erika miller looks at whether sweeter holiday sales will mean more retail hiring after christmas. >> reporter: let's not sugarcoat things. sales at the chocolate boutique michel cluizel are up over last year, but store manager michele saint laurent says customers are spending less per transaction. >> i think that they're probably looking to get as much for their dollar as they can. so they are spending maybe a little bit less, the purchases might be a little bit smaller. but buying...
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Dec 31, 2010
12/10
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>> reporter: i'm erika miller. coming up, i'll have a look at the outlook for heating oil prices as we head into the new year. >> tom: from oil to cotton to gold, stay tuned for our commodities round up. you're watching "nightly business report" for thursday, december 30. 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. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. susie gharib is off tonight. with 2010 just one day away from being one for the history books, we look back on the year's star performer: commodities. while the s&p 500 is up almost 13% on the year, the basket of commodities tracked by the c.r.b. index is up over 16%. leading the charge are commodities you'll probably find around your house. cotton is up almost 90%, coffee prices have jumped more than 70% and sugar hit generational highs, up almost 13%. gold has gotten a
>> reporter: i'm erika miller. coming up, i'll have a look at the outlook for heating oil prices as we head into the new year. >> tom: from oil to cotton to gold, stay tuned for our commodities round up. you're watching "nightly business report" for thursday, december 30. 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...
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Dec 28, 2010
12/10
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KSTS
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y erika se suma a la lista de las víctimas. >>> no sabemos qué provocó cada uno de estos casos, lo queéxito de la delincuencia está en la incertidumbre que gera esto. >>> motivo de la lamentablemente perdida. > y este año murieron 13 presidentes municipales, está el ejemplo del alcalde de santiago león. >>> la delincuencia está tratando de amedrentar. >>> y lo que provocó que erika terminara por ser la última policía. >>> la policía municipal es vulnerable porque no es el trabajo, no era el trabajo de la policía municipal el compartir al crimen organiza. >>> la falta de recursos, los sueldos bajos hace que en méxico las policías locales sean frágiles, y de ahí que e miedo aumente crezca el riesgo de ingobernabilidad. >>> erica gandará es solomujer policía, jul tiene los detalles. >>> era la última policíapartic la politica de su pais ya que teme perder la libertad de la comando armado lanzó los cuerpos descuaizado de dos hombres, mos a acapulco donde un comando armado lanzó los cuerpos descuaizado de dos hombres, s a acapulco donde un os comando armado lanzó los cuerpo la politica de s
y erika se suma a la lista de las víctimas. >>> no sabemos qué provocó cada uno de estos casos, lo queéxito de la delincuencia está en la incertidumbre que gera esto. >>> motivo de la lamentablemente perdida. > y este año murieron 13 presidentes municipales, está el ejemplo del alcalde de santiago león. >>> la delincuencia está tratando de amedrentar. >>> y lo que provocó que erika terminara por ser la última policía. >>> la policía...
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Dec 28, 2010
12/10
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y erika se suma a la lista de las víctimas. >>> no sabemos qué provocó cada uno de estos casos, lo queen la incertidumbre que gera esto. >>> motivo de la lamentablemente perdida. > y este año murieron 13 presidentes municipales, está el ejemplo del alcalde de santiago león. >>> la delincuencia está tratando de amedrentar. >>> y lo que provocó que erika terminara por ser la última policía. >>> la policía municipal es vulnerable porque no es el trabajo, no era el trabajo de la policía municipal el compartir al crimen organiza. >>> la falta de recursos, los sueldos bajos hace que en méxico las policías locales sean frágiles, y de ahí que e miedo aumente crezca el riesgo de ingobernabilidad. >>> erica gandará es solo un ejemplo de cómo las mujeres tomaron las riendase las policías. >>> mujeres valientes, y apareció esta desconfianza exisente de las fuerzas que combaten. >>> se trata de un cable secreto donde se señala la desconfianza del ministro sobre la policía del país, y el secretario dijo que el ejércit estará en la guerra entre 7 y 10 años. >>> gracias por este informe. y bueno, al v
y erika se suma a la lista de las víctimas. >>> no sabemos qué provocó cada uno de estos casos, lo queen la incertidumbre que gera esto. >>> motivo de la lamentablemente perdida. > y este año murieron 13 presidentes municipales, está el ejemplo del alcalde de santiago león. >>> la delincuencia está tratando de amedrentar. >>> y lo que provocó que erika terminara por ser la última policía. >>> la policía municipal es vulnerable porque no...
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Dec 19, 2010
12/10
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erika nos dice por quÉ la mujer regresarÁ en la noche buena, aunque tiene impedimento de entrada porenos de un dÍa podrÁs tenerlos entre sus brazos. >> es el mejor regalo que cualquier persona puede recibir. >> ellos estÁn separados a rosa inmigraciÓn la castigó por ser indocumentada y la obligÓ en junio a regresar a mÉxico junto a su hijo ciudadano americano. >> es muy feo hasta en esta situaciÓn. >> el congresista luis gutiÉrrez intercediÓ por ellos, y el lunes elevan -.le van a entregarÁ a rosa una visa comunitaria. >> empecÉ a gritar y llorar de la emociÓn. >> poder tener pronto a su nieto es lo mÁs grande. >> abrazarlo y mimarlo tratar de recuperar el tiempo que estuvieron lejos de nosotros. >> la situaciÓn de esta familia es extraordinaria y no es fÁcilconseguir este tipo de vosas. -visas. >> esto es un niÑo ciudadano y necesita a su madre y un hospital aquÍ en chicago. >> el pequeÑo requiere atenciÓn mÉdica por un quiste en su cerebro, hector y se podrÁ irse tranquilo a pelear por su paÍs. >> mi hijo va a tener todos los mÉdicos y todo sin ningÚn problema. >> pero mientras lle
erika nos dice por quÉ la mujer regresarÁ en la noche buena, aunque tiene impedimento de entrada porenos de un dÍa podrÁs tenerlos entre sus brazos. >> es el mejor regalo que cualquier persona puede recibir. >> ellos estÁn separados a rosa inmigraciÓn la castigó por ser indocumentada y la obligÓ en junio a regresar a mÉxico junto a su hijo ciudadano americano. >> es muy feo hasta en esta situaciÓn. >> el congresista luis gutiÉrrez intercediÓ por ellos, y el...
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Dec 23, 2010
12/10
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to get an inside look at holiday shopping trends, erika miller tagged along with retail analyst brian sozzi on a recent trip to old navy. >> me personally, this is the best part of my job. i love being in the stores, touching and feeling the product, and anything i can ascertain from my trips to the stores is very, very important. and it reflects in the investments that we make. >> reporter: what's your initial impression as you come in here? >> right now i think we're looking at maybe a little bit lighter traffic now than we'd like to expect-- i mean it's almost noon. i would expect to see maybe an extra 50 people in the store. >> reporter: notepad in hand, he starts checking out women's apparel on the first floor. >> you feel the clothing. you can feel the quality-- or if they've taken quality out. and most importantly, you look at the tags. >> reporter: old navy contributes about 30% of the annual revenue at parent gap stores. so, sozzi is concerned not just about sales-- but profits. >> reporter: i can't believe they are making money in this location selling things for $5. >> they
to get an inside look at holiday shopping trends, erika miller tagged along with retail analyst brian sozzi on a recent trip to old navy. >> me personally, this is the best part of my job. i love being in the stores, touching and feeling the product, and anything i can ascertain from my trips to the stores is very, very important. and it reflects in the investments that we make. >> reporter: what's your initial impression as you come in here? >> right now i think we're looking...
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Dec 21, 2010
12/10
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erika miller reports. >> reporter: 1.9%. that's the measly average dividend that s&p 500 firms are paying out these days. the good news is the payouts are expected to become more generous next year. analyst howard silverblatt says that's because many companies are becoming more optimistic. >> reporter: dividends are a cash flow item, and you need to have high confidence before you commit to sending out that check. it's also because so many firms are sitting on buckets of cash. sure, some will use that money to buy other companies or to buy back their stock. but many firms will choose to reward shareholders with dividends. the dividend picture improved dramatically this year, with 255 firms increasing payouts. that's about 100 more than last year. s&p predicts that next year as many as 290 companies will boost their dividends. so which companies are most likely to initiate or increase dividends in 2011? some market pros point to firms in the consumer staples sector-- like coca-cola-- and consumer discretionary names, like tar
erika miller reports. >> reporter: 1.9%. that's the measly average dividend that s&p 500 firms are paying out these days. the good news is the payouts are expected to become more generous next year. analyst howard silverblatt says that's because many companies are becoming more optimistic. >> reporter: dividends are a cash flow item, and you need to have high confidence before you commit to sending out that check. it's also because so many firms are sitting on buckets of cash....
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Dec 17, 2010
12/10
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erika miller, "nightly business report," new york. >> susie: we had small gains in the markets today but new 5-- 52-week highs whether the do you, s&p or nasdaq, a very good day. >> tom: it was a very good die day, the highest prices in the indices since lehman brother's collapse in the fall 62008. enough buyers to push us to new highs so let's get everybody updated in tonight's "market focus" stock prices were able to climb in a broad but muted rally. oracle's earnings were in focus after the close. the business software giant saw earnings well over estimates. its traditional software business continued growing, as did its newer hardware business that came from its buyout of sun microsystems in january. one out of every five dollars in sales for oracle now comes from computer hardware like servers. oracle stock came into the report down a fraction. after the close, shares added 4% to this closing number, taking them above $31 per share for the first time in a decade. another rally after the close was seen in research in motion, the company behind the blackberry mobile device. shares
erika miller, "nightly business report," new york. >> susie: we had small gains in the markets today but new 5-- 52-week highs whether the do you, s&p or nasdaq, a very good day. >> tom: it was a very good die day, the highest prices in the indices since lehman brother's collapse in the fall 62008. enough buyers to push us to new highs so let's get everybody updated in tonight's "market focus" stock prices were able to climb in a broad but muted rally....
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Dec 22, 2010
12/10
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erika miller takes a look at whether the deal-making will continue in 2011. >> reporter: if you listen closely, you might start hearing wedding bells on wall street. more companies are expected to tie the knot in the coming months. while 2010 was a recovery year for mergers and acquisitions, activity is expected to pick up a bit in 2011. m&a expert rich peterson says it depends on the health of the u.s. economy. >> there's a correlation between the rate of g.d.p. growth and m&a activity. and we're in a period of positive growth in terms of the economy, but it's tepid. >> reporter: peterson is betting that next year u.s. m&a activity could reach $900 billion. that would be a sizeable increase from this year's $800 billion level, but a far cry from the heady days before the financial crisis. so what's likely to fuel the urge to merge? for some companies, it may be the desire to go global with their business, as well as all the money they've squirreled away. >> if you look at corporate cash levels, according to numbers we see here at standard and poor's, non-financial companies in the s&p
erika miller takes a look at whether the deal-making will continue in 2011. >> reporter: if you listen closely, you might start hearing wedding bells on wall street. more companies are expected to tie the knot in the coming months. while 2010 was a recovery year for mergers and acquisitions, activity is expected to pick up a bit in 2011. m&a expert rich peterson says it depends on the health of the u.s. economy. >> there's a correlation between the rate of g.d.p. growth and...
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Dec 9, 2010
12/10
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erika miller reports. >> reporter: floods and hurricanes aren't the only disasters businesses need to consider. there are also potential man- made calamities, like cyber attacks. people who tried to connect to mastercard's corporate website couldn't for much of today. visa's corporate site was also targeted this afternoon. no credit card sales were affected, but internet security expert raj goel says there's an important lesson here. >> no firm is too big, or too small, to be victimized. >> you may not be a direct target of an attack, but you can be the innocent drive-by victim of a large attack by someone else, because you share the same hosting company or internet service provider or i.p. address space with them. >> reporter: so, another lesson for firms is to try to minimize potential damage through redundancy. that can mean multiple servers in multiple locations using multiple networks. security expert john ottman has lesson number three: keep things as confidential as you can. >> people should only have enough access to sensitive data as what they need in order to perform their j
erika miller reports. >> reporter: floods and hurricanes aren't the only disasters businesses need to consider. there are also potential man- made calamities, like cyber attacks. people who tried to connect to mastercard's corporate website couldn't for much of today. visa's corporate site was also targeted this afternoon. no credit card sales were affected, but internet security expert raj goel says there's an important lesson here. >> no firm is too big, or too small, to be...
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Dec 10, 2010
12/10
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erika miller looks at whether investors are changing their attitude toward bonds. >> reporter: don't let the calm on this trading floor fool you. there has been a major upheaval in the bond market. economist steve ricchiutto says it is due to president obama's agreement to extend the bush tax cuts. >> unfortunately, what we are getting out of this proposal from both the administration and the republican side is more of the same: let's go out and spend money. nothing is done in here to address the long term budget problems. >> reporter: many americans invest in bonds through mutual funds. so far this year, more than $267 billion has poured into those funds on top of a record amount last year. the question for small investors is whether the party in bonds is over. is it better to ride out the volatility or take the money and run? >> you bail. you really just get out. there is no way for a retail investor to properly hedge himself in this environment. >> reporter: but others say bond prices are at low enough levels that they are looking more attractive. >> i think we're starting to get
erika miller looks at whether investors are changing their attitude toward bonds. >> reporter: don't let the calm on this trading floor fool you. there has been a major upheaval in the bond market. economist steve ricchiutto says it is due to president obama's agreement to extend the bush tax cuts. >> unfortunately, what we are getting out of this proposal from both the administration and the republican side is more of the same: let's go out and spend money. nothing is done in here...
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Dec 11, 2010
12/10
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erika has the story. >> reporter: the date is september 11, 1609. hired by dutch businessmen to find a new trade route to india. instead, hudson discovers a secluded island, rich in natural resources. the dutch purchase it from a local tribe known as the manahattas. then, in 1664, england captures the island, naming it after the duke of york. today, we know it as manhattan, in the city of new york. i took a walk around manhattan's south street seaport with historian michael lord. it wound up being a trip into the past. what was the beginning of commerce here in new york? >> well, i guess commerce would probably predate even hudson if you're talking about native americans trading with you one another. they had a tremendous number of animal pelts, and they had lumber. the place was loaded with wood. >> reporter: while native americans are rich in resources, europeans have depleted much of theirs, including animals used for clothing. >> europeans had no more beavers because they had already trapped them all, and their lumber was diminishing. so all of
erika has the story. >> reporter: the date is september 11, 1609. hired by dutch businessmen to find a new trade route to india. instead, hudson discovers a secluded island, rich in natural resources. the dutch purchase it from a local tribe known as the manahattas. then, in 1664, england captures the island, naming it after the duke of york. today, we know it as manhattan, in the city of new york. i took a walk around manhattan's south street seaport with historian michael lord. it wound...
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Dec 25, 2010
12/10
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i'm erika.he field report, minor league edition. >>> students from the culinary institute of america are sharing some of their favorite recipes with "teen kids news." here's what's cooking this week. >> hi. today, we're going to make cinnamon rolls. it's a great recipe for people that are new to the kitchen, and it's really easy. first thing were going to do is we're going to go ahead and preheat our oven to 350 degrees. next thing were going to do is were going to take our bread. now, i'm using white bread right now, but we could use whole wheat bread. whole wheat bread would be a healthier alternative. you can also use pumpkin bread. first thing were going to do to our bread is we're going to cut off the crusts. i'm going to take my knife and just start to cut off the crusts, making sure my hands are way out of the way of that knife. next thing i'm going to do is i'm going to take my rolling pin. what i'm going to do is i'm going to roll out this bread so it's nice and flat. it's going to make
i'm erika.he field report, minor league edition. >>> students from the culinary institute of america are sharing some of their favorite recipes with "teen kids news." here's what's cooking this week. >> hi. today, we're going to make cinnamon rolls. it's a great recipe for people that are new to the kitchen, and it's really easy. first thing were going to do is we're going to go ahead and preheat our oven to 350 degrees. next thing were going to do is were going to take...
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Dec 7, 2010
12/10
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erika miller reports. >> reporter: patience may be a virtue. but is it also the key to the economic recovery? with the unemployment rate close to 10%, many are wondering whether the government could-- or should-- be doing more to create jobs. economist bob di clemente thinks no additional stimulus is needed for now. >> there's been a period now, in which the initial big stimulus effort has faded, and yet we've seen some encouraging signs of stronger consumer spending these last three or four months. some of the housing indicators are not as dismal. some, in fact, have been generally encouraging. >> reporter: of course, patience is not easy if you are one of the 15 million unemployed americans. many people and businesses would like the government to take bolder action to bolster the recovery. economist julia coronado has a list of things congress could do to help the economy heal. >> i think that a payroll tax holiday would be something that clearly be something that would get money into the economy in the near term. extending the "buy america"
erika miller reports. >> reporter: patience may be a virtue. but is it also the key to the economic recovery? with the unemployment rate close to 10%, many are wondering whether the government could-- or should-- be doing more to create jobs. economist bob di clemente thinks no additional stimulus is needed for now. >> there's been a period now, in which the initial big stimulus effort has faded, and yet we've seen some encouraging signs of stronger consumer spending these last...
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Dec 15, 2010
12/10
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erika miller reports. >> reporter: in this house in scarsdale, new york, lives a happy homeowner.rob shire is happy because he recently refinanced his mortgage, lowering the rate on his 30-year fixed by almost 2%. >> we're saving about $450 to $460 a month. so that's a sizeable amount of money, especially when you amortize it over 30 years. >> reporter: but the news is not good for borrowers who haven't yet locked in a rate. the interest rate for a typical 30-year fixed-rate loan has climbed nearly half a point in four weeks to 4.61%. if interest rates keep rising, mortgage experts are certain refinancing activity will slow dramatically. but applications for loans to buy homes are not expected to fall nearly as much. rob shire's mortgage banker peter grabel explains why. >> the purchase market, whether someone is at 4.5% versus 5%, i think relatively, rates are very low. housing prices are down significantly. so, i don't think there are too many people who are thinking about buying that won't buy now because of a half-point difference. >> reporter: but higher rates will make it ha
erika miller reports. >> reporter: in this house in scarsdale, new york, lives a happy homeowner.rob shire is happy because he recently refinanced his mortgage, lowering the rate on his 30-year fixed by almost 2%. >> we're saving about $450 to $460 a month. so that's a sizeable amount of money, especially when you amortize it over 30 years. >> reporter: but the news is not good for borrowers who haven't yet locked in a rate. the interest rate for a typical 30-year fixed-rate...
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Dec 14, 2010
12/10
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erika miller takes a look at the outlook for stocks next year. >> reporter: it has been hard to miss the charging wall street bull. no, not this one-- we're talking about the recent stampede of investors into stocks. they've helped push the dow up nearly 10% this year, the s&p 500 up 11%. the nasdaq has gained over 15%. those gains may seem surprising given the nation's weak economy, with close to 10% unemployment. but as strategist steve freedman points out, the stock market is not focused on the situation now-- but what lies ahead. moving towards a more sustainable expansion mode, and that's a positive environment for stocks. >> reporter: another positive for stocks could be falling bond prices. up until recently, mutual fund investors were putting most of their money into bonds for safety. now money manager ted cronin expects many of those investors to start searching for higher returns. >> the fund flows that have been dominating into fixed income and away from equities? this now could be reversed. even a small percentage of investors start switching their direction, it's a mater
erika miller takes a look at the outlook for stocks next year. >> reporter: it has been hard to miss the charging wall street bull. no, not this one-- we're talking about the recent stampede of investors into stocks. they've helped push the dow up nearly 10% this year, the s&p 500 up 11%. the nasdaq has gained over 15%. those gains may seem surprising given the nation's weak economy, with close to 10% unemployment. but as strategist steve freedman points out, the stock market is not...