now, i.b.m. researchers are working on new uses for the brainiac computer, particularly in the field of medicine. bernie meyerson calls himself i.b.m.'s head geek. he says innovation is critical for companies and societies to survive and thrive. and yes, there is a magic ingredient. >> continuity. in the down cycles of the economy, the temptation is always, "well, we'll just cut the front end, we won't do our research, we're not going to work on development." so you empty the pipe. then, when the economy turns-- and it always turns-- when that economy turns, you have nothing in the pipe, and people run you over out of the gate. >> reporter: but, not all innovation happens in multibillion-dollar labs. here in manhattan's fashion district, www.ilikewhatyourewearing.com is trying to ignite a fashion revolution. started by olivia gossett, the web site sells cutting edge clothing by rising designers, but it's also an online magazine, one that uses cute articles to sell products and foster those indepe

and i.b.m.'s davis says retailers like bloomies will be big business for big blue once nerds start stocking their shelves. >> geeks and nerds have always created fashion. a lot of the top designers have looked at street fashion and started from there. >> reporter: gregg greenberg, "the street," for "n.b.r." >> susie: that's "nightly business report" for friday, january 25. have a great weekend everyone. we'll see you online at nbr.com and back here monday night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >>> california on the mend. but much more work needs to be done. that assessment from governor jerry brown in his state of the state address. his take on what's working and what's not. >> we seem to think that education's a thing, like a vaccine that can be designed from afar and simply injected into our children. >> the embattled oakland police department brings on an expensive consultant, but his tough tactics are generating controversy. >> i vote again

and i.b.m.'s davis says retailers like bloomies will be big business for big blue once nerds start stocking their shelves. >> geeks and nerds have always created fashion. a lot of the top designers have looked at street fashion and started from there. >> reporter: gregg greenberg, "the street," for "n.b.r." >> susie: that's "nightly business report" for friday, january 25. have a great weekend everyone. we'll see you online at nbr.com and back here monday 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.b.m.'s davis says retailers like bloomies will be big business for big blue once nerds start stocking their shelves. >> geeks and nerds have always created fashion. a lot of the top designers have looked at street fashion and started from there. >> reporter: gregg greenberg, "the street," for "n.b.r." >> susie: that's "nightly business report" for friday, january 25. have a great weekend everyone. we'll see you online at nbr.com and back here monday night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

." >> susie: solid earnings from two tech titans tonight: i.b.m. and google's results exceeded analyst estimates. shares of both companies surged by 4% or more in after hours trading. i.b.m. earned $5.39 in the fourth quarter, 14 cents more than estimates. and the company gave an upbeat outlook for earnings in 2013. revenues also came in better than expected. i.b.m. benefited from robust growth in its software and services businesses. as for google, earnings per share of $10.65 up sharply from a year ago and 23 cents ahead of estimates. thanks to strong advertising sales, google's revenues jumped 50% to more than $12 billion, but analysts were still expecting stronger quarterly revenues. james dix joins us now with more on those google earnings. he's senior analyst at wedbush securities. >> susie: so, james, you just got off the conference call with the c.e.o. of google, larry page. did he give any sense of whether this momentum is going to continue for 2013, of strong earnings and revenues? >> yeah, well, i mean, typically google is somewhat circu

. >> you think the ipad is the most important new development since the i.b.m. p.c.? >> i do. >> rose: because? >> because it -- i'll start with if you look at the time of day the most common time of day for people to use their ipad is between 6:00 p.m. and when they go to sleep. when what is that known in your line of work? that's known as prime time. and it turns out the ipad isn't the second screen when people are watching t.v. for people over the age of 40, when they're in bed watching t.v. with their ipad, the ipad's actually the thing they're paying attention to and the t.v. is the background noise, if something happens they look up and look at it. why is that important? first of all could you have imagine five years ago that there would be a product that would go from zero to 50 million yunz overnight and the single most common thing to do would be to read in the bed at night? a technology product? that was to me unimaginable five years ago. so i look at this and i wonder

now, i.b.m. researchers are working on new uses for the brianiac computer, particularly in the field of medicine. bernie meyerson calls himself i.b.m.'s head geek. he says innovation is critical for companies and societies to survive and thrive. and, yes, there is a magic ingredient. >> continuity. in the down cycles of the economy the temptation is always, "well, we'll just cut the front end, we won't do our research, we're not going to work on development." so you empty the pipe. then when the economy turns and it always turns, when that economy turns you have nothing in the pipe. and, people run you over out of the gate. >> reporter: but, not all innovation happens in multibillion dollar labs. here in manhattan's fashion district www.ilikewhatyourwearing.com is trying to ignite a fashion revolution. started by olivia gossett, the website sells cutting edge clothing by rising designers. but, it's also an online magazine-- one that uses cute articles to sell products and foster those independent

bernie meyerson calls himself i.b.m.'s "chief geek," and leads the firm's efforts on innovation. >> innovation determines whether a large corporation, a small corporation, a startup or an entire society survive. it's that simple. the most direct attribute you can give to a thriving entity, i don't care what scale it is small, medium, large, enormous, is innovation. the reason is fundamentally to not only see the future, but to drive it. >> susie: join us monday for our look at u.s. innovation. it's our special martin luther king junior holiday edition. and, there's more to learn about innovation, on the "n.b.r." website. "nbr-u" has research from harvard on competitiveness topics. it explores the tendency for firms to focus on what's worked in the past, rather than on the needs of the future. just head to: www.nbr.com and look for the "nbr-u" tab. >> tom: that's "nightly business report" for thursday, january 17. have a great evening everyone, and you too susie. >> susie: goodnight tom, we'll see you online at: www.nbr.co

bernie meyerson calls himself i.b.m.'s "chief geek," and leads the firm's efforts on innovation. >> innovation determines whether a large corporation, a small corporation, a startup or an entire society survive. it's that simple. the most direct attribute you can give to a thriving entity, i don't care what scale it is small, medium, large, enormous, is innovation. the reason is fundamentally to not only see the future, but to drive it. >> susie: join us monday for our look at u.s. innovation. it's our special martin luther king junior holiday edition. and, there's more to learn about innovation, on the "n.b.r." website. "nbr-u" has research from harvard on competitiveness topics. it explores the tendency for firms to focus on what's worked in the past, rather than on the needs of the future. just head to: www.nbr.com and look for the "nbr-u" tab. >> tom: that's "nightly business report" for thursday, january 17. have a great evening everyone, and you too susie. >> susie: goodnight tom, we'll see you online at: www.nbr.co

we have always had one, i.b.m. and it's monopoly which spent 1 years in the antitrust division, i.b.m., microsoft went through the whole trial 1991 through 2000. now we have at les four. they're each run pi hopefully sharp people who% what they're doing and they'll competing and also cooperating. the reason this is relevant to you all is it's driving prices down at a rate that is phenomenal. so when you lock at an iphone 5 and android competitors and you realize what amount of computation you have and you got it for a subsidized price of $100 or $200, people say whatever, it is extraordinary. that competition which is brutal by the way is ultimately beneficial. take a look at amazon. amazon, very controversial, roughly 50% of all of the sort of online world and a larger and larger part of the general ecommerce, extraordinarily well run, extraordinarily deep in its understanding of how to suggest things for you and incredibly convenient. take a look at facebook. if you have a billion users that use you roughly every

." >> susie: solid earnings from two tech titans tonight: i.b.m.ogle's results exceeded analyst estimates. shares of both companies surged by 4% or more in after hours trading. i.b.m. earned $5.39 in the fourth quarter, 14 cents more than estimates. and the company gave an upbeat outlook for earnings in 2013. revenues also came in better than expected.

i.b.m. turned in better than expected results last night, and had a more encouraging outlook. shares are at their highest price since the company's last earnings report. google's 5.5% rally was the best among the tech sector in the heels of its optimistic earnings last night. these two helped the nasdaq 100 tracking exchange traded fund move to a three month high, but that was before tonight's news about apple's financial results, and apple is the biggest weight of the fund. three semiconductor makers focused on different types of chips were moving. texas instruments fell 1.1% on heavier volume. late yesterday it reported demand continued to weaken. advanced micro devices was up 11.4% after losing less money than feared. and l.e.d. chip maker cree shot up 22%. earnings were strong thanks to new products. the focus was also on netflix in late trading. the streaming media company had been expected to lose money in the fourth quarter. it didn't. instead, it earned $0.13 per share. while it's a fraction of what it earned a year earlier, it was clearly better than the loss wall str

." >> susie: solid earnings from two tech titans tonight: i.b.m. and google's results exceeded analyst estimates. shares of both companies surged by 4% or more in after hours trading. i.b.m. earned $5.39 in the fourth quarter, 14 cents more than estimates. and the company gave an upbeat outlook for earnings in 2013. revenues also came in better than expected.

strong earnings from i.b.m. and google. another five-year high for the dow up 67 points. the nasdaq was up by 10 and a half and the s&p 500 was also up by 2 and that hit a five- year high there. after the closing bell, apple reported earnings which were on target but sales missed the mark. apple says it sold 47.3 million iphones last quarter but believe it or not, that's not enough. the stock suffered recently too. investors worry the company has lost its edge as it tries to compete with smartphones. >>> maryland rest dents -- residents could soon pay more to fill up if mark miller has his way. he's proposing a hike in the gas tax. he says the money is needed for transportation projects. he believes his plan would raise $300 million every year. >>> the mcrib sandwich and the dollar menu helped mcdonald's squeeze out a higher profit last quarter. the fast food chain -- it warns actually that sales this month are expected to drop because of increased competition from chains such as chipotle and panera. i had my annual mcrib last week. >> as i did, times three or four. not i

i.b.m. benefited from robust growth in its software and services businesses. as for google, earnings per share of $10.65 up sharply from a year ago and 23 cents ahead of estimates. thanks to strong advertising sales, google's revenues jumped 50% to more than $12 billion, but analysts were still expecting stronger quarterly revenues. james dix joins us now with more on those google earnings. he's senior analyst at wedbush securities. >> susie: so, james, you just got off the conference call with the c.e.o. of google, larry page. did he give any sense of whether this momentum is going to continue for 2013, of strong earnings and revenues? >> yeah, well, i mean, typically google is somewhat circumspect in terms of their outlook, but in terms of their fourth quarter terms, they were happy with them. geographically they beat my expectations in all of their major geographies, and there was nothing they pointed to in the call that would indicate that momentum is changing as we starter the year. >> susie: how about in terms of ad sales. on the call, they said that goo

it's a truth it's i'm stunned that i haven't seen it on the news i think in two thousand and eleven i.b.m. paid one percent in federal tax exxon mobil paid two percent. of the of the ten most successful u.s. corporations the average tax rate they paid was nine percent. and if we're trying to raise revenue that's where we need to look we don't need to raise taxes on the american people and close the only agency in washington to help the small businesses role the jobs are created we need to make sure these large corporations are paying their fair share of taxes and you're not seeing anyone in congress even mentioning that and of course if i would more should i would take a look at closing. you know some of the seven hundred military bases we've got around the world i don't think we need seven hundred military bases around the world these days but they're not they're not really you know addressing these huge loopholes for corporations absolutely yeah absolutely and lawyer i have about thirty seconds left i just want to ask you this you're also highly critical of the bush administration when

of our facebook page and like us facebook dot com breaking the set the ball going to try as well at i.b.m. martin so stay tuned here breaking the stats first live musical performance in studio a songwriter and activist how diana rose next. you know sometimes you see a story and it seems so for sleep you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harpur welcome to the big picture. and that's one of the other she made me feel like. oh you. guys today is especially exciting because i'll be playing the first ever live in studio performance joined by a wonderful local musician one who uses art as a medium to express her political views and i was talking on a rose she's a songwriter who began singing at just ten years old and ever since she's been perfecting her craft before a play or interview about her passion for music and activism check out the song here forward in studio for us from her new e.p. entitled love and liberty further do down in the rose. and his dad

rose: jim grant is actually as important as henry ford, ford motor company, or tom watts orange the i.b.m. company. what did jim grant do? >> jim grant was the head of unicef the united nations organization thinking about children. and organizations like that you know, talk about all the right things. but what he saw was that the vaccines weren't getting out to all the kids. only 25% of the world's kids were getting vaccines. and he decided he would build a measurement system-- this is in 1980. he built one that measured facts and coverage, and he would go and embarrass the political leaders whose countries had low numbers, praisethe ones who did it well. it was cheap snuff so incredibly impactful that he got vaccination from 25% up to over 70%. he saved more lives between 19 eighty and 1990 when he did that than anyone in all of history ever has and yet, you know he's not -- >> rose: known by many people. >> yeah very obscure. when i went to buy the book about him, it was completely out of print. so it's impress they have it was a measurement system along with his moral correctness that

we had strong earnings from i.b.m. and google announced for today. shares of netflix have surged 30% before the bell on an unexpected profit. plus, there's a ton of economic data on the docket. i told you it was busy. so we're going to check the numbers. the dow starts at 13,779 after climbing 67 points in trade yesterday. the nasdaq was better by 10 and the s&p 500 was up by 2 points. but this could cause problems today. shares of apple are down by more than 8% right now before the bell. the company reported earnings which were on target, but this was the first time in years that apple didn't post a double digit earnings increase and sales missed the mark. apple shipped 47.8 million ipads in the first quarter, a million less than some analysts were expecting. concerns about demand for its new iphone 5 and ipad tablets drag the stocks from highs of more than $700 a share back in september to under $470 this morning. and this is a stock that has a lot of pull. it makes up 10% of the nasdaq and 3.86% of the s&p 5 hup. it catches -- 500. it catches a co

we had strong earnings from i.b.m. and google but we could have some trouble from disappointing sales from apple and there's a ton of economic data on the docket. checking the numbers for you, the dow stands at 13,779 after adding 67 points. nasdaq rose by 10. s&p 500 was up by 2. shares of net flex soared -- netflix soared 35% after beating its forecast for fourth quarter subscriber growth and posting an unexpected profit. the internet video service added two million subscribers during the final three months of the year. netflix shares were already up more than 30% since early december. >>> and champion golfer phil mickleson says he should have kept his opinion on taxes to imself. he set off a firestorm recently when he said he may have to move out of california because his recent hike in federal and state taxes on the wealthy. mickleson said at the time his tax rate was well over 60%. but according to the tax federation and california's tax experts, it's closer to a 1%. still really, really high. california recently

rose: jim grant is actually as important as henry ford, ford motor company, or tom watts orange the i.b.m. company. what did jim grant do? >> jim grant was the head of unicef, the united nations organization thinking about children. and organizations like that, you know, talk about all the right things. but what he saw was that the vaccines weren't getting out to all the kids. only 25% of the world's kids were getting vaccines. and he decided he would build a measurement system-- this is in 1980. he built one that measured facts and coverage, and he would go and embarrass the political leaders whose countries had low numbers, praisethe ones who did it well. it was cheap snuff so incredibly impactful that he got vaccination from 25% up to over 70%. he saved more lives between 19 eighty and 1990 when he did that than anyone in all of history ever has, and yet, you know, he's not -- >> rose: known by many people. >> yeah, very obscure. when i went to buy the book about him, it was completely out of print. so it's impress they have it was a measurement system along with his moral correctness