klaus kleinfeld in our exclusive interview. you're watching "nightly business report" for monday, january 10. 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 >> susie: good evening everyone. solid earnings tonight from alcoa and a bullish forecast for this year. the world's largest aluminum company is the first dow component to report quarterly numbers, and tom, analysts are hoping these strong numbers will set a positive tone for the upcoming corporate earnings season. >> tom: susie, the results also beat analyst estimates. excluding special items, alcoa earned 21 cents a share in the fourth quarter-- two cents more than estimates. revenues were in line with expectations-- $5.7 billion. alcoa also said it expects 12% growth this year for aluminum products, and it's calling for global demand to double by 2020. >> tom: here are the stories in the

klaus-. -the battle plan, with 4.1 million customers locked in an. if you want to break your contract? it is $325. >> and that is a difficult way to try to hold on to people. also helping at&t is that they are exclusive carrier for the blackberry and the windows phone #7. >> verizon with the door to fight back? >> and they hope the that people will come over unfaiand with an unlimited data plan is $30. at&t does not have an unlimited data plan. >> that is a strong lure? >> yes. >> okay.. (music) >> and with this in dense fog. this dense fog advisory has been extended into the bay area, the deltoid and and the delta and in--the delta ahvisibility is going to be under 500 ft. at times. taking your time. and a look at our temperatures for tomorrow. noticing it is going to be much cooler for the bayshore. temperatures, the low 40's, and even of 50s for places like san francisco all. that is with the fog has been out of these locations. and from central valley, antioch, is also going to be cold. and from the north, the north bay and into the inland valley

to swiss slopes web better weather conditions in the morning health early start to klaus cool to victory in the men's downhill the austrian edging d.d.'s shand carlyon claim to say. and then third respectively to secure the title slalom specialist it's a gusto it retains the overall world cup lead despite finishing eighth. staying in switzerland where pizza beer in and of finland won the men's health by the final two bands. who both came second with local rider u.t. bud light should go for completing the podium and american cali clark to top honors in the women's event spain's catalogue custom lot finished second with japan's yuki forty honda claiming the. minerals that of these women slalom in modern bore was counseled helped way through due to weather with temperatures rising up to fifteen degrees celsius the condition of the slopes worsened radically and became dangerous for the ski as sunday's slalom on the same course was also in question by the final decision will be made right before the race. and finally in goal three south africans dominate the home advantage of hanna's berg aft

klaus kleinfeld joins us with the results. and with the valuations of online firms like facebook and groupon expanding exponentially, are we in the midst of another dot com bubble? >> susie: on monday, auto supplier visteon will again trade here at the new york stock exchange. the company will use its old ticker symbol v.c. visteon's shares haven't traded on the big board since march of 2009. it emerged from bankruptcy reorganization in october wiping out $2 billion in debt from its balance sheet. >> tom: the u.s. supreme court will decide if a group of halliburton shareholders can pursue a class-action lawsuit against the oil services company. the investors claim halliburton inflated its stock price when former vice president dick cheney ran it. cheney, who is not named in the lawsuit, was halliburton's c.e.o. before he joined george w. bush's presidential ticket. the merits of the lawsuit are not at issue before the court, only whether it can proceed as a class action. a ruling is expected in june. >> tom: investors still do

of course he started by talking about the terror attack on monday at the other airports in fact klaus schwab who introduced him the head of the world economic forum asked everyone to stand on their feet and observe a minute's silence in honor of the victims then met at a started to talk about the attack and he said that they all felt the pain of loss but it had strengthened the world's resolve to combat this international threat of terror that we see society it spread indignation throughout the world and here again thanks leaders of other governments who had sent him messages of condolence but there was also element of defiance in what he said he said that the terrorists expected that this would make him cancel his trip to davos and missed this appearance in front of the world to promote russia but in fact it did nothing of the so let's hear what he said about that you know group here's rick dorsey were sure those who committed this terrible act targeting citizens of different countries expected their actions to bring russia to its knees but they thought room russia was aware of its p

shocks is a higher level than we've ever seen before and quote and the world economic forum founder klaus schwab said a similar thing he said i quote the world has never been confronted with so many complex challenges at the same time yesterday and quote so how do these statements add out with official declarations of has the states claiming that the crisis is over well the fact is the financial crisis is some of its worst symptoms are over but some of the underlying global risks are still there there's still tremendous macroeconomic imbalances there's challenges with commodity price fluctuations at record food price levels and in fact of course this horrible nexus of terrorism illegal trade and so on of which we've seen a tragic example recently of course in in moscow itself so in a sense the world has spent two trillion dollars and governments have used up many of their reserves just to deal with one challenge so in a sense the world is more vulnerable than ever because it doesn't have the reserves to deal with future shocks hence the need to come together to identify these issues and t

saturday to complete the cool sunanda and minutes and fifty nine seconds it's in is dominic paris and klaus troll from austria came second and third back to this when putting top of the world cup downhill standings up to six races by the thirty seven year old is still some way off the pace overall lying over four hundred points behind the match patch even some stellar courage. and the latest on the x. games finally way baumgartner became a broken collarbone to win the men's snowboarding final denying the pole and the six gold at the event kind of does the soul to the top one of those in the snowboard street be twenty three year old living up to his billing as one of the best technical rail riders in the world seeing all of louis philippe are deemed the final and also all it should be you want a big area band while kelly clark dominated the girls' superfly. and that's it for the moment coming up after this is the why the stay with us. well. bringing you the latest in science and technology from around russia. we've got the huge earth covered. this is not a theatrical set. this is a real corr

switzerland well it was a speech that began with an introduction by the head of the world economic forum klaus schwab and he introduced president medvedev and he asked the audience to stand and observe a minute's silence in memory of the victims of monday's blast of domodedovo airport and that set the tone certainly for the beginning of the speech president medvedev said that the pain that they're feeling in russia now strengthens international resolve to fight a common fight against terror and he also had some quite defiant words for the terrorists and for the gathered audience hears a door so sure that those who committed this terrible targeting citizens of different countries expected their actions to bring russia to italy but they thought he also talked about other things environmental issues he said that we're just one natural disaster away from essentially complete meltdown he's talking about events like the icelandic volcano erupting that stopped flights in europe and the extreme hate that you experienced in moscow last summer which caused all those forest fires so russia is proposing a

was a speech that began with an introduction by the head of the world that can our economic forum klaus schwab he introduced president medvedev and he asked the audience to stand and observe a minute's silence in memory of the victims of monday's blast ports and that set the tone certainly for the beginning of the speech president medvedev talked about that terror attack he gave he thanked the leaders and others who had sent condolences to him and to his country and he said that the pain that they're feeling you're feeling in russia now strengthens international resolve to fight a common fight against terror and he also had some quite defiant words for the terrorists and for the gathered all. those who committed this terrible targeting citizens of different countries expected their actions to bring russia to italy and they thought. russia was aware of its place in the world russia will fulfill its obligations towards its citizens and the world community unfortunately as you know state in the world is immune to terrorism terrorist attacks like this one in russia unfortunately can happen

speech made last night by russian president dmitri medvedev he was introduced by the head of the forum klaus schwab who asked the audience to stand and observe a minute's silence in memory of the victims of monday's bomb blast at domodedovo airport understandably president medvedev then started his speech by talking about that bomb blast he told us about the way that it had shaken society and created indignation throughout the world and he thanked again world leaders who had sent him messages messages of solidarity and he also had some quite defiant words to say both to the terrorists and to the world at large sears rick dorsey. those who committed this terrible act targeting citizens of different countries expected their actions to bring russia to its knees but they thought he moved on then to talk about environmental disasters and how the world is potentially just one serious environmental disaster away from complete meltdown he was talking about events like the icelandic volcano that erupted stopping all flights inside europe he was also talking about things like the extreme heat. last su

sat ante irrumpió en la clínica y le quitó la vida clavandole un cuchillo, el incidente obligó la klauslla cuando un tentó escapo aurns clientes lo detuvieron hasta que llegó la policía. y el atacante había salido a de la cárcel solo días antes. >> y cundió el pánico en chile por un terremoto de 7 frment 1 que sacudió el sur del blais a pesar de todo y replicas no hubo muertos heridos ni daños materiales. y los habitants recordaron el horror que se vivieron en febrero pasado cuando otro movimiento cobró 500 vidas. >>> y una lluvia de granizo hizo colapsar dos salsa de cine, y la estructura se desplomó encima pero muchos quedaron atrapados y tuvieron que ser desatados pero gracias a dios no hubo lesionados. >> y como si se tratara de película de terror, una 5000 aves cayeran muertas con un poblado de arkansas, y ante la llegada l año nuevo, y autoridades han iniciado investigaciónes y se presume que pudieron ser impacto prado rayo oso grabo gra inicio oso pudieron haber sido afectados por los juegos artificialgencia. >> veremos que pudo haber pasa o pasado. >> y bueno vamos a hacer la pa

the next panelist is klaus kleinfeld who's a very distinguished business leader. is now chairman and ceo of the -- of alcoa. he has held the position since 2007. he is not on the huge successes successful business or but a very thoughtful statesman and spokesman on business issues. and then third panelist is austan goolsbee. he has i think one of the best jobs in the world although i'm not sure he feels that way quite at the moment. but hopefully by the next couple of years it will look a lot better. is currently chairman of the president's council of economic advisers. austan is from the university of chicago. he was a leading economic adviser to president obama in his campaign, and was a member of ca prior to become a chair. last known to this audience is he is also a skilled stand up comedian, a skill i'm sure -- in this troubled time. i'm not sure if he's going to practice that on us today. i will testify he can be very funny as well. okay, let me start with dominic. and i think the question for you as we talked about, but we would like you to address a little

he spoke with klaus schwab for almost an hour. >> thank you, bill, for being able to join us again heren bottles -- davos. you came first in 2009. i would say that we cannot believe this is just around 10 years ago that he left office. i would say that you have given a new significance to the world lost to the word "retirement." when i look at what you have done in between, of course you have created the clinton foundation did we are all familiar with the clinton global initiative which you set up in i just would like to mention the four areas that you are particularly involved in in the clinton global initiative at this moment because you change focus -- you changed focus to in winning powell -- women and girls. -- in in powering -- in empowering women and girls. one area where the clinton global initiative has been able to work together is the situation in haiti. i would draw your attention to a publication that we just published this week with your help and your support. it is called "private sector development." we took a very positive approach to haiti and we will hear how you feel

i'm sorry that's a very broad, but if klaus also has lots i know people would welcome them. thank you again. >> to the younger leaders, i would say it challenges you face depend on where you live and how the global your activities are, but life and you should -- i think you should, whatever you do, you should focus on the interconnection of your activities to everything else that's going on in your country and your region in the world. and i believe that there are two things that i would like to see you focus on, when i talk about all the time like a broken record, and that is don't just talk about the challenges we face. do something about that. don't just say you wish the people and your government would do this, that, or the other thing, or you wish the people running the biggest companies in the world would do this, that with the other thing. to give up something you can do to change things to go the other direction and think they ought to go. because the world is so hungry today, are examples of things that work. lots of people talk about what doesn't work. it's quite a

on lwehe bar on the commerce klaus by tort reform in >> i trust you. >> i' a lawyer,don't. [laughter] >> final question, more implicit in the questions asked this morning has been very thinly vailed accusations for health care for all, medicare for all of what we consider to be defensive medicine. would you take a crack at explaning the predicament that they find themselves in with densive medine >>s phyciou ve skills, history, physical examination, tests, there's an orderly progression, if this turns this way, go in this direction or another direction, but what happens is if you have this progression of multiple steps to get to the end, you don't stop at square one and say let's see how it works? if the treatment doesn't work, let's do something else. from the doge nos tick stand point r you do everything for fear there's an adverse outcome or something happens, then you are at risk. what happens is that the patient gettings everything that's out there under the sun as oppose the to just a step wise progression to an oralely diagnosis or management plan. >> i'd like to tha

structural constitution, you could leave one thing, the one thing i'd leave would be the equal protection klauss, and that is -- outcomes, and that is the fundamental lessons i think of behind governments of powers that are limited both structural and for the sake of individual liberty, so that would be my third lesson, and i'll put it in the terms of you're next. >> well put. no further question can top that seriously, so i'm going to thank you both for being willing to do this and thank the audience -- [applause] [applause] [applause] [applause] [applause] [inaudible conversations] >> with saturday's shooting attack in tucson that killed six and injured 14 including give fords, january brewer will not give her address of the state speech today, but instead is talking about sacrifice and introducing the intern who stabilized gifford for the emergency crews arrive. live coverage on our companion network, c-span. >> today is columbus, ohio, john kasik was inaugurated. ceremony took place at the ohio theater across the street from the state capitol in columbus. >> raise your right hand. >> i, joh