i'm jeff yastine. good night, everyone, and have a great weekend. you too, susie. >> susie: good night, jeff. i'm susie gharib. we'll see all of you again next week. "nightly business report" is made possible by: this program was 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 we are pbs. caption test caption test caption test

but as jeff yastine rerts, it's alreadyaving some uninteed consequences. >> rorter: across the country right now, there arehousands of peopljust like kirk arthur. he keeps several credit rds. and when he attempteto make a small puhase with one of them la weekend, he found it was canceled withouany advance noti. >> there's thafeeling of embarrsment. you feel, oh, what d i do wrong? and en i got angry because i knew i hadn't done athing wrong. and th was the disconnect. i've been a good customer. i pay my balances f on time. >> reporter:rthur's cancellation comes as part oan industry-wide movement to t out ahead of t credit card act 2009. curtis arnold, founder of cardratings.com, says thnumber of accountbeing cancelled or switched to variable ratesas surged in rece weeks. >> this is crazy. unprecedented thgs that are happing right now. probably a worse casscenario example. not happening to millis and millions oaccount holders, but it is starting to happ, and we're hearg about it anecdolly. >>eporter: starting tomorrow, consumerwill now get their statements 21 days bore paymens due, inst

i'm jeff yastine. goodnight everyone. and good night to you paul. >> paul: goodnight jeff. i'm paul kangas wishing all of you the best of good buys. "nightly business report" is made possible by: this program was 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

i'm jeff yastine. susie gharib is off tonight. this is "nightly business report" for friday, august 14. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. >> jeff: good evening, everyone. call it a case of the summer blaahs. the consumer blues. or too much red ink on household balance sheets. the result: a surprising drop in early august consumer sentiment. as scott gurvey reports, americans are still too worried about jobs to hit the mall. >> reporter: it's been said many times, happy consumers spend and unhappy consumers keep their money in their pockets. or even worse, in a bank. so the markets greeted with disappointment the news that consumer sentiment fell in the first part of august. cary leahey of decision economics notes the decline in sentiment defied expectations. >> it would make sense that since the number of people applying for unemployment insurance benefits have dropped 100,000 workers in a

but as jeff yastine reports, it's already having some unintended consequences. >> reporter: across the country right now, there are thousands of people just like kirk arthur. he keeps several credit cards. and when he attempted to make a small purchase with one of them last weekend, he found it was canceled without any advance notice. >> there's that feeling of embarrassment. you feel, oh, what did i do wrong? and then i got angry because i knew i hadn't done anything wrong. and that was the disconnect. i've been a good customer. i pay my balances off on time. >> reporter: arthur's cancellation comes as part of an industry-wide movement to get out ahead of the credit card act of 2009. curtis arnold, founder of cardratings.com, says the number of accounts being cancelled or switched to variable rates has surged in recent weeks. >> this is crazy. unprecedented things that are happening right now. probably a worse case scenario example. not happening to millions and millions of account holders, but it is starting to happen, and we're hearing about it anecdotally. >> reporter: starting tom

reporter: jeff yastine, "nightly business report," ft lauderdale. >> paul: tomorrow, our friy market monor guest is james stack,resident of stack financial manament and vestech research. >> suzannechemical giant dupont today unveiled ans to streamlinets business. the dow componenis consolidating 23 businesses to 14-- part of aestructuring plan announced elier this year. dupont is also re-shufing its top manageme as its chief operating officeretires. the changes co as consumers are buying fewer pducts made with dupont'chemicals. >> pau it's being described as a new day between the feral aviaon administration and air affic controllers. both sides reached a ttative contract agreent today after years of antagonism. details were sparse,ut the contract includes more scheduling flexibility, a ne grievance revi process and a quote, "more equitable pay andard." the nation's 1000 controllers have been without a ntract since 2005. >> sanne: here's a look at what's happening torrow. ly's consumeprice index is released alongith july industrial production. we'll alsoee quarterly results from raile

and as jeff yastine reports, that's teaching a lesson in growing pains for some schools. >> reporter: long lines at the enrollment office, and long waits at the financial aid office. they're a new reality for broward college, near fort lauderdale, and many of the nation's other community colleges. in this economy, more new freshmen-- many more-- are choosing local schools like this one, instead of traveling to traditional and more expensive four year universities. jennifer jadotte would have preferred florida a&m, nearly 500 miles away, but opted for broward college instead. >> you have to be really smart about how you use your money nowadays, so coming here it's a better way to save money. >> reporter: classes start in about two weeks, but orientation sessions like this one are already jam-packed. broward college enrollments have soared-- jumping about 12% this fall over last. with 60,000 students across nine campuses, that's an unprecedented level of growth says college president j-david armstrong. >> last year, when we had a 6% enrollment increase with 60,000, we felt that was a ch

. >> jeff: and'm jeff yastine. sie gharib is off tonight. this is "nightly busines report" for mond, august 17. "nightly business report" is made possib by: this program was me possible byontributions to your pbs station from viewe like you. thk you. >> jeff: good eveng, everyone. stoc tumbled today as a global sell-o spilled over to wall street. dragging the globaeconomy lower. on wall street, the lling was broad and deep, thedow dropped 186 points,nasdaq fel 54 and thes&p 500 los 24. woies about the recovery and consumers' willingness t spend has se wonderi the summer rally is over. erika miller gets some answs. >> reporter: these may bthe dog days of mmer. t man's best friend isn't th only one trying beat the heat. stocks are also tang breather. after a steamy summer lly that sent the s&p 500 u15% in a month. the bulls say 's just a temporily lull. s&p's sam stovall sees more an 20% upside forhe s&p 500 from re, although he won't give a timeframe. >> i think there a combination ofoth fear of missing out on the rally. d an economic rationa

jeff yastine, nighy business reportmiami. >>aul: wall street opened lower in reaction toelloffs in overse markets, especially china, as concerns persisted that glol stocks are over- priced. 30 mines into trading, the dow posted modest 33 point loss and the nasdaq was off 9oints. the mild early downtur attracted buyers then a surge in oil fures on ws of a drop in crude inventories trigred aggressive buyingn the energy sector and that bing in energy helped the neral market close in positive territory. >> susie: a birtisan group of senators isn'taiting until the summ recess is over to get back to work on health ce reform. nance committee chairman max baucus sd his group of three democrats and three republics wi continue working tomorrow over the phone. and he tnks they'll defy skeptics by reacng a compromi that can pass the full senate this fall. >> susie: but the c.e. of whole foods speaking out agait health care reform. john mackey says the obama reform pn would become maive entitlement program. heaid out his views last week i

. >> jeff: i'm jeff yastine with a "nightly business report" news brief.the nation's unemployment rate dipped for the first time in a year, falling to 9.4% as american businesses cut 247,000 jobs in july. president obama welcomed the numbers, saying the worst of the recession may be over. wall street liked the numbers, too. the dow posted a triple digit gain, rising almost 114 points, the nasdaq added 27, while the s&p 500 jumped 13. the cash for clunkers program rolls on. today, president obama signed off on a $2 billion funding fill up. monday, we talk with a father/son team focusing on growth and value-- don and craig hodges of the hodges fund. for more financial news, tune in to "nightly business report" weeknights on this public television station.

. >> jeff: and i'm jf yastine. susie gharib is onssignment. thiss "nightly business report" for wednesday,ugust 26. "nightly business repo" is made poible by: this pgram was made possible by contributions to ur pbs station from viewe like you. thank you. >> jeff: good evening, eryone. a much bigger increase tha forecast. sas of new homes jumped 9.6% in july. could be the housing market is turning? scott gurvey repts. >> reporter: it was the foth straight month of increased new homeales and although this is a number with a wide marn of error, it did encouragthose who see a bottom in housg. beth ann bovino of standd and poor'sotes there has also been increased bung of distressed properties and existg homes. >> those homeowners were actually free to move and actuly buy something elwhere. you're starting to see it ickle through. will it coinue through next year? we, we do expect that is something that igoing to see some... sically get some stabily and continue through next year,lthough we're not expecting any kindf blockbuster sales rough this ar