. >> announcer: and by exxon-mobil. this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening, and thanks for joining us. sues gasusie gharib is on assignment. i'm joined by my colleague, suzanne pratt. we have two big stories. ben bernanke's economic outlook, and the president signing financial regulatory bill into law. >> suzanne: stocks tumbled as he warned congress. the economic outlook remains unusually uncertain. >> tom: that does not mean that the fed is changing its forecast. darren gersh picks up the story. >> reporter: no, ben bernanke is not expecting the economy to drop back into recession, but economists euphemistically call a double dip. but he had bad news for those who are out of work. unemployment is coming down more slowly than he and his colleagues had had expected, and will remain well over 7% for 2.5 years. add that to somewhat tighter credit rules and you get this. >> most participants viewed uncertainly ab

exxon-mobil is not on your list. why is that? >> i think exxon-mobil is a little pricey. they do deserve a premium, but i think it is a little much right now. and on top of that, they don't pay as much of a dividend. it yields about 3%. and the xto position they just closed will not yield much to earnings. >> susie: any disclosures to make about these recommendations. >> i do not own any of these stocks, and edward jones does not do any investment banking with any of them. >> fair enough. brian, thank you so much for coming on the program. have a great weekend. >> thank you, you, too. >> tom: here's what we're watching for next week: our friday "market monitor" guest is ernie ankrim, senior market advisor at russell investments. apple, goldman sachs and wells fargo report quarterly results. monday, if congress okays it, more than two million americans who've been out of work for a long stretch could soon get their unemployment benefits restored. we talk to one of them about what a new extension would mean. >> susie: federal agents conducted the largest medicare fraud bust

. >> additional funding for "washington week" is provided by exxon mobil. the ethics and excellence in journalism foundation. the annenberg foundation. the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. first, to the good news. the oil well in the gulf is capped. for now. and after weeks of vote trading and nose counting, congress this week passed what the white house calls its wall street reform bill. republicans, most of whom voted against it, say it's a disaster. >> i think the financial reform bill is ill-conceived. i think it's going to make credit harder for the american people to get. clearly harder for businesses to get and the fact that it's going to punish every banker in america for the sins of a few on wall street i think is unwise. gwen:democrats, most of whom voted for it, predict it will tame wall street and turn the economy around. >> what members of both parties realize is that we can't allow a financi

mexico is the us pursuing him no the obama administration is now trying to pave the way to allow exxon mobil to possibly take over b.p. . yes they're going to let this eco holocaust just go by but then again in america back in the thirty's was an i.b.m. coca-cola and j.p. morgan they were complicit in the last major holocaust of the last century so the us has a bit of a track record here i wouldn't sell short the possibility of exxon mobil going after b.p. . time now for the nation's business sees we have a million many can say with us. however welcome to our program thanks for joining me this hour the russian government will spend five i have billion dollars on the skolkovo innovation center which is intended to become russia's version of silicon valley during the meeting with chinese america when you go to board president medvedev said he hoped the modernization process would be quick counting all support from german partners the countries have always agreed the german engineering giant siemens would join skolkovo and create a new research center there it would have said he was encouraged

mexico is the us pursuing him no the obama administration is now trying to pave the way to allow exxon mobil to possibly take over b.p. yes we're going to let this eco holocaust just go by the by but then again in america back in the thirty's was an i.b.m. coca-cola and j.p. morgan they were complicit in the last major holocaust of the last century so the us has a bit of a track record here i wouldn't sell short the possibility of exxon mobil going after b.p. . or coming up. in about ten minutes time before the business with kareena. hello and welcome to business on screen about can good to have you with us engineering giant siemens has put flesh on the ball and russia's modernization drive to a huge deal to provide the country with state of the art technology trains and wind turbines president dmitry medvedev and chancellor angela merkel noted and yet they didn't vote that business was booming between the two countries daniel schorr parts . siemens fixes its position as one of the top foreign investors in russia it will build two hundred trains in the country to replace creaking regional st

pursuing him no the obama administration is now trying to pave the way to allow exxon mobil to possibly take over b p. yes we're going to let this go holocaust just go by the by but then again in america back in the thirty's was an i.b.m. coca-cola and j.p. morgan they were complicit in the last major holocaust of the last century so the us has a bit of a track record here i would sell short the possibility of exxon mobil going after b.p. let's get the rest of the news going to stacy pervert max well actually the war is on between china and the u.s. according to this next headline china ratings agency downgrades u.s. debt from moody's s. and p. s. and fitch is chippewa a rating so if you would call it the june twentieth the g. twenty summit in toronto president hu jintao of china called for the creation of more accurate credit rating systems well it turns out de gong international credit rating agency which has been around in china since one thousand nine hundred four rating corporate debt but now for the first time they have actually issued sovereign debt credit ratings and they've dow

has a bit of a track record here i wouldn't sell short the possibility of exxon mobil going after b.p. let's get the rest of the news going to stacy pervert max well actually the war is on between china and the u.s. according to this next headline china ratings agency downgrade the u.s. debt from moody's s. and p's and fitch is aaa rating so if you would call it the june twentieth the g. twenty summit in toronto president hu jintao of china called for the creation of more accurate credit rating systems well it turns out de gong international credit rating agency which has been around in china since one thousand nine hundred four rating corporate debt but now for the first time they have actually issued sovereign debt credit ratings and they've downgraded the u.s. to below china below us strelley a below switzerland so america won't do anything to break up the cartel to break up the racket and there is a racket between the rating agencies the investment banks the fund managers and wall street and they won't do anything to break up this rock at the financial reform bill does nothing to

with exxon/mobile and the dow jones is down 30 percent, the s&p is down 12 in the nasdaq is down 4.5.e rates are reported spot, they're the lowest in the fifth time in six weeks which is good news for people that can secure a loan to buy, refinance a home. freddie mac says the average 30 year fixed is at 4.5 of 4%. last year it was 4.56%, and also 15-year is at 4%. bernie mac is contracting rates since 1971. in other toyota recall, this time, 12,000 cars. the avalon, from 2000-2004 and these cracks could lead to a locking up of the steering column. also, it is recalling 39,000 of the lexus. 470 2003- 2007 >> and the oakland coliseum, and people are lining up to be actress. we caught up with some eight-extras. >> and i love the oakland a's, and i think it would be so much fun and i want to relive it. >> i love brad pitt >> and i think that he is just the greatest and he is also an up-and-coming star. with robin wright, and i just think it is great and i'm a big fan of all of the stars. >> we've not done this before we are a huge a spaa's van >> i will throw the first pitch! >> we are m

rolling seasons rolls on and we'll hear from embattled bp, as well as dupont, exxon mobil, chevron anderck among others. monday, the latest sales of new homes will be reported and more housing news as well on tuesday. the shiller home price index will be released for the month of may. then on wednesday, june's total of durable goods orders will be released and these are consumer products meant to last. on thursday we get the federal reserve's beige book, a monthly survey oactivity across regional economies and on friday, we get the second quarter gross domestic product reading. the gdp is the broadest measure of the health othe u.s. economy and often is a market mover. finally to date, lower manhattan may be the safest place to hide billions of bullion, right around the corner from where we are, the world's largest stockpile of gold is safeguarded and is 80 feet underground and holds more than 500,000 gold bars. the central banks and international organizations. it charges $1.75 fee per bar. when gold enters or is moved within the vault. with gold prices topping $1100 an ounce, that's

exxon mobil, chevron, shell a conocophillips today announced they will create a billion dollar venture to provide an oil containment system for use in depths up to 10,000 feet that can collect as much as 100,000 barrels of oil a day. meanwhile, the oil keeps coming as the first oil patty was found in the mississippi river today. now, with the weather picture uncertain, tonight bp is moving vessels of opportunity in to shore and some equipment and supplies to higher ground. brian? >> anne thompson in venice, louisiana. anne, thank you for that. >>> it happened last night in the skies over kansas, and it happened without warning. a united airlines flight bound for los angeles hit some very bad air. turbulence so severe some passengers became airborne in the cabin. more than two dozen were injured and the pilot had to make an unscheduled landing. the ntsb is now investigating. our own kristen welker has more on what happened and why. >> reporter: by all accounts united airlines flight 967 was terrifying for the 255 passengers and ten crew members on board. >> i thought the plane was going

exxon mobil, chevron, conoco phillips and shell have donated $1 million to form a company to respondo spills underwater. bp was informed about the venture but has not joined. >>> ford is trying to make the decision to go green a little easier. the automaker plans to sell the hybrid version of the 2011 lincoln mkz for the same price as the gas model. it is the first time any automaker has done that. and it could force others to follow suit. >>> tiger woods has not won a tournament since returning to the golf course. but he is still raking in the big bucks. tiger ranked number one on "sports illustrated's" list of top-earning athletes for the second-straight year. he earned about 90 million bucks in the last year. but, of course, his extramarital affairs cost him $22 million in endorsements. >> tiger woods was a big story on our abc news website. and now, we have a new ipad app, that we want to tell people about. this is it, right here. like i said, it is brand-new. and a cool way to search for news stories. >> the concept here is that it forms this globe. you can scroll through and fl

the world's biggest publicly traded energy company, exxon mobil, saw its fortunes rebound along with oil prices. earnings beat expectations for the first time in several quarters. refining margins helped. shares didn't see much reaction, though, they have been trending lower since last november. beyond earnings, the bidding war for car rental firm dollar thrifty continues between avis and hertz. the avis offer comes in at over $47 per share based upon tonight's closing prices. the deal dollar struck with hertz in april would give dollar shareholders $41 per share. each is a mix of cash and stock. dollar thrifty is above both of those offers tonight, and in a sign of market confidence in either deal, both potential buyers saw their stocks rally today. while stocks have been marking time this week, copper prices have jumped, and it may be worth watching. copper has moved to a three- month high with this recent rally. john kosar of asbury research is watching open interest, effectively a count of how many traders hold positions, instead of trading out of them. >> if open interest starts

and quarterly results from exxon mobil and royal dutch shell, along with pharmaceutical giants merck and sanofi-aventis. also, a land rush is on in michigan as natural gas producers buy up land rights. what it means for property owners hoping to strike gold with nat gas. if you're trying to buy a kindle from amazon, you're going to have to wait a while. the $189 basic e-reader is "temporarily out of stock" on amazon's website. it's unclear whether the shortage is due to a surge in demand, or supply chain problems. while the e-reader is still available at target stores, one analyst is speculating amazon has stopped shipping the basic version of the kindle because a new one could be coming. no comment yet from amazon. today's skilling's attorney asked a federal appeals court to set bail while it considers a recent supreme court ruling. last month he won a major victory when the high court limited the reach of the federal law that prosecutors used in his corruption case. back in 2006, skilling was convicted of multiple charges, related to enron's collapse. he is currently serving a 24-y

potential projects in southern iraq around basra were simply so huge the oil majors, the bps and exxon mobils and chinese national petroleum corporations couldn't afford to upset the baghdad government but there is significant investment from a number of small and mid-size companiesin kurdistan. >>reporter: one foreign entrepreneur, in the embryonic tourist industry, has achieved the dream of making kurdistan a gateway for business to iraq. babel tours, in the regional capital erbil, recently hit the headlines with the first tour of southern iraq >>debbasch: in erbil i had no doubt from the very beginning that it was possible to take people because erbil, and all kurdistan, there is no problem to go and discover the country with perfect security. >>reporter: security remains a key issue not only within iraq but because of its geographic position at the heart of the volatile middle east. >>despite kurdistan's growing ties to close neighbour iran, us businesses are ramping up their presence in this resource-rich, needs-hungry area. >>schweitzer: we've had an iraq business initiative since late

. >> and by exxon mobile. this program is is made possible by contributions to your pbs station from viewers like you. thank you. ,. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

the company has already confirmed it is looking to sell the assets with few details an ounce to exxon mobil and chevron now both in talks to take over the company but first things first to stop the leaking first asked to begin with the plug the well that's still not done yet we're still two to three weeks away from that even though the spill has now been contained it has not been plugged so the first order of things to get the plug done second is to figure out how the reinvestment side going to be done and then it's a question of reconstructing in winning back the trust of the american people who are dudley has shown his skills at getting a good price when he sold masses of team keep b.p. tell him to. come in handy now b.p. needs to raise cash to people consequences of that toil spill in u.s. waters the question is how much he has to be brand in the process than any bit of a business r.t. . a close contact of b.p.c. chief executive says b.p. has russian interests will be managed directly by robert dudley that runs counter to me just speculation that outgoing c.e.o. tony hayward is being dra

the company has already confirmed it is looking to sell the assets with few details an ounce to exxon mobiland chevron now both in talks to take over the company but first things first to stop the leaking first class to begin with to plug the well that's still not done yet we're still two to three weeks away from that even though the spill has now been contained it has not been plugged so the first order of things is to get the plug done second is still figure out how the reinvestments like going to be done and then it's a question of reconstructing in winning back the trust of the american people who are dudley has shown his skills at getting a good price when he's sold upstream assets of t.n.t. b.p. their talent will come in handy now that b.p. needs to raise cash to people consequences of its oil spill in u.s. waters the question is how much he has to dilute the brand in the process than anybody would business r.t. . now it's time to take a quick look at how the equity markets are shaping up european shares are advancing was shock games being seen in the planking sector park these noise

the company has already confirmed it is looking to sell the assets with few details an ounce to exxon mobil and chevron now both in talks to take over the company but first things first to stop the leaking first pass to begin with to plug the well that's still not done yet we're still two to three weeks away from that even though the spill has now been contained it has not been plugged for the first order of things to get the plug done second is to figure out how the reinvestment side going to be done and then it's a question of reconstructing and winning back the trust of the american people who are doubly has shown his skills at getting a good price when he sold up to masses of team keep b.p. tell him to. come in handy you know b.p. needs to raise cash to people consequences of it or spill in u.s. waters the question is how much she has to dilute the brand. in any bit of a business. and now it's time to take a quick look at how the acting markets shaping up european shares are advancing with shock gains being seen in the banking sector barclays lloyds and world bank of scotland are all ge

the company has already confirmed it is looking to sell the assets with few details an ounce to exxon mobil and chevron now both in talks to take over the company but first things first to stop the leaking first ask to begin with the plug the well that's still not done yet we're still two to three weeks away from that even though the spill has now been contained it has not been plugged so the first order of things is to get the plug done second is still figure out how the reinvestments are going to be done and then it's a question of reconstructing in winning back the trust of the american people who are dudley has shown his skills at getting a good price when he sold masses of team key b.p. their talent will come in handy now that b.p. needs to raise cash to people consequences of its oil spill in u.s. waters the question is how much he has to dilute the brand in the process and any bit of a business r.t. . president dmitri medvedev wants to tap new sources of finance to diversify russia's economy he said investment along with business support services from law to accounting are the key to

prohibiting fraudulent transfers could allow victims to sue a buy to cover their claim even so exxon mobil. apache already publicly stated an interest in b.p.'s assets with the latter's saying it was ready to pay ten billion dollars for property in alaska. quarterly results from google have missed expectations for the first time in two years the world's top search engine posted net income of one point eight billion dollars for the second quarter but the growth in the company's expenses offset it to a twenty four percent jump in revenue and of a worried about rising costs as google spends heavily on research and development to expand into new products. big state owned companies in russia are not coming up with enough innovative products that the verdict of the managing director of pricewaterhouse coopers center of innovation bo parker how correspondent caught up with him at the international forum of industry and innovation in the urals. we interviewed that some one hundred of the largest companies in russia so it wasn't a smaller perhaps more innovative start ups but it's a large sum of th

the company has already confirmed that is looking to sell of assets with few details an ounce to exxon mobil and chevron now both in talks to take over the company but first things first to stop the leaking first ask to begin with the plug the well that's still not done yet we're still two to three weeks away from that even though the spill has now being contained it has not been plugged so the first order of things is to get the plug done second is to figure out how the reinvestment side going to be done and then it's a question of reconstructing in winning back the trust of the american people robert dudley has shown his skills at getting a good price when he sold masses of team t. b.p. they're telling to. come in handy now that b.p. needs to raise cash to pay for consequences so it's all a spill in u.s. waters the question is how much she has to dilute the brand in the process in any way to do a business r.t. . now a quick look at the moscow markets the heart and afternoon trade with the r.t.s. up nearly one and a half a cent last night and the t.v. of boca had by more than one of the hot