that's the forecast from tonight's market monitor hank smith. "nightly business report" is brought to you by: captioning sponsored by wpbt >> tom: hopes over a spanish bank bailout helped stocks finish the day higher. the dow gained 93. u.s. sales to euro-zone countries fell almost 10%. european imports to the u.s. for the week, the dow is up the nasdaq gained 4% the s&p 500 up 3.7%. while stocks shook off the european worries this week, one place we can see the impact of europe is in u.s. trade numbers. the trade deficit narrowed in april, thanks to less trading with europe. u.s. sales to euro-zone countries fell almost 10%. european imports to the u.s. dropped by more than 11%. >> tom: the drop in business with europe comes as u.s. goods and services have gotten more expensive thanks to a drop in the euro against the dollar. last year, one euro cost $1.45. today it's $1.26. suzanne pratt reports the dollar's gain could spell trouble for corporate america. >> reporter: unless you've traveled overseas, you might not have noticed what's happened

and hank smith is here. i know in the past we have talked about the banks a lot. what's your take on the ground grade that we saw last night? interesting so see the banks trading up? >> irrelevant. the spreads have come down after that. so as usual, the rating agencies are behind the curve, and the downgrades should have occurred three years ago, not now. the banks are in better shape, they passed the spring stress test with flying colors, so why get the downgrade now? >> a big sell off yesterday in part because of the disappointment in the fed action. he would like it if there was qe 3. >> i think it was clear from the fed statements that they don't feel comfortable into a full launch qe. so we have the extensions, and i

and hank smith is our friday "market monitor" guest, he's still bullish on the u.s. market, he's chief investment officer at haverford investments. two hot button issues in the upcoming presidential campaign are the economy and immigration. nowhere do they meet more directly than in the fields of california's central valley. in our "made in america" segment tonight, mike hegedus, reports from salinas, california, how one company is using technology to bridge the gap. >> reporter: it is the sound of technology making up for policy. it is where a machine fills the void left by a declining work force. a romaine field outside salinas, california, high pressure water jets cutting heads of lettuce-- an efficient eliminator of stoop labor better for the workers that remain, and better for the company that has seen its labor pool drained by foggy immigration rules. >> the purpose of the machine is to reduce our dependency on foreign labor, and on numbers in the field in general. all of our fields prior to harvest are micro tested, where they're coming in and there are random

hank smith from haverford investments., good to have you on today as well. >>> just a reminder before we leave you, all eyes will be on vienna over the next two days. in-depth coverage and analysis of the opec meeting taking place. the reason kelly is not with me today is because she's on her way to vienna today. she will join us tomorrow and thursday. tune in for that. >>> coming up next, "squawk box," joe, becky and andrew ready to bring you the countdown to the opening of the markets stateside. that's it for me. thanks for watching. we'll be backs with "worldwide exchange" again tomorrow. whatever happens, have a profitable day. \ s6 >>> good morning. opec ministers meeting in vienna, and in a change of pace they are talking about low oil prices. >>> worries continue to play europe. one day spain, the next day already it's italy. >>> and there's a new name on the stanley cup. i don't think it's been there before. the los angeles kings winning their first nhl championship in franchise history. it's tuesday, june 12, 2012