our gift hillary kramer >> suzanne: that's "nightly business report" for wednesday, june 8. we want to remind you this is the time of year your public television station seeks your support. support that makes programs like "nightly business report" possible. thanks for joining us, and don't forget to support your public television station. i'm suzanne pratt. good night everyone. you too, tom. >> tom: goodnight suzanne. i'm tom hudson. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing is available in "nightly business report's" video "how wall street works". to order this dvd, call 1-800- play-pbs or visit online at shoppbs.org. >> be more. pbs. d andy mcconnell: so are you saying that this vase actually belonged to field marshal montgomery? his parents-- his father was a minister in moville and th

she's hilary kramer, editor of gamechangerstocks.com. nice to see you. you're looking at ford, the sole u.s. auto maker not to take a bailout during the hard times, share price in the middle of the range it's been in for the past year. what are your expectations? >> well, ford has been really beaten down vees avery the rest of the market. my expectation is we could get back up there towards that 52-week high. the reason is that ford is done well with with their fuel efficient cars, tom. in may, 74% increase in two new models and 32% across the board with all their fuel efficient small cars, but even the ex plosher last mob saw 135% increase. 47-mob high in terms of explorer suv sales. but the key here is that ford was just a problem in europe in the fourth quarter of 2010, which brought sales, sales were soft, but the stock never came back, too much concern oil prices, recession, global uncertainty, china. stellar company, i think they're going to take some share from toyota. >> tom: let me ask you about one uncertainty, the uaw union talks next month, t

anyway amy kramer of the tea party express is in the house tonight mitt romney is set to announce his presidential run of morrow and make it official but he still hates the u.s. constitution i'll tell you how i staged the body slam from saturday here's a hint it included a jet a mind tree and bush is there but you're pretty. and the dance parties now a global phenomenon with parties being planned for noon on saturday in solidarity and stuff on molyneux joins us to explain why dancing is such a broad appeal when say protesting maybe not so much fortunately you can always count on bringing people together with a message of the love olution on adam vs the man. here and adverse is the man we like to keep a close eye on the police state as you know but it appears they're keeping an eye on us too and i'm not just talking about that and i say are surveillance authorized by the patriot act and i'm not talking about the officer you may have seen at the jefferson memorial on saturday with a video camera asking tourists if they have permits for their cameras after kicking out the mainstream medi

kramer, my two minutes left. generally what should electrical generation companies be doing to best ensure that their systems can't be hacked into? and then on the electrical generation itself, there's been some side discussions on electrical generation, more critical defense bases or buildings should go off grid totally reliant. and with the small module nuclear reactors may allow them to do that. you have a minute and a half to comment on both of those questions. >> i'll make three points, sir. first of all, with respect to the issue of serious attack. one of the tngs that a serious attack would have to do is reconnaissance. won't just attack without substantial reconnaissance. so the reconnaissance or the activities you're talking about are quite consequential. and it would be part of any serious attack. and so dealing with those early on is just as important as dealing with the set of issues, you know, when the attack occurs. secondly, with respect to what the industry ought to do, there are a number of -- st

she's hilary kramer, editor of gamechangerstocks.com. >> tom: one area where you think it is overblown when it comes to finance is morgan stanley the investment banker. down 14% the past year at a 52-week low a week ago. why do you think the worries are overblown? >> morgan stanley has a diversified revenue stream and mergers and a acquisition and ts is a company morgan stanley that is more than 15% below tangible book value and tangible so it's undervalued. they don't own your car loan or mortgage. they may have asset-backed securities with mortgages underlying them but it's a well managed risk-aversed company the baby is being thrown out with the bath water. >> tom: compare that with a bank that issues a lot of those loans where think the concerns are justified bank of america the lowest since spring of 2009. >> there's a lot of hair around that one as we say. bank of america has a lot of mortgages. they're trying to integrate merril lynch and you want to be patient but morgan stanley you can jump in feet first. >> tom: we've got viewer questions. stand by the first one from doug and

tonight's "street critique" guest is hilary kramer, editor of gamechangerstocks.com. so hillary, what should investors do as the fed plays it patient right now? >> well, investors need to understand that the reason wall street came off today after the fed spoke is that the federal reserve told us that growth is slowing. now, if growth is slowing, that means that we're going to still see unemployment and ben bernanke told us that. given that you want to stay away from retail, consumer discretionary stocks, but it doesn't mean that you should stay away from the market. we're at historical p. e. load, price to earning multiples, the stock market is relatively cheap right now, trading at 14 times earnings. so, tom, the key is to go into health care, areas of technology that are sweet spots that are growing, and even energy. >> tom: and energy takes us right to that place and it's global energy that you're looking at with your new pick tonight, m. d. r., mcdermott international. has had a nice rally, has come off out most recent highs, however, even as oil prices have trie

also tomorrow, hilary kramer is our "street critique" guest. email your questions to streetcritique@nbr.com. >> tom: the biggest changes to cigarette warning labels in a generation were announced by the government today. they include graphic images of diseased lungs, rotted teeth, and a cadaver. just over 20% of adults are smokers. the director of the center for tobacco products, dr. lawrence deyton, thinks there's an economic savings to scaring smokers to quit. >> almost $200 billion are lost every year in our economy directly related to smoking. >> tom: but morningstar tobacco stock analyst philip gorham says prices drives down smoking rates more than health threats. >> the decline of consumption is less linked to health scares; it's more linked to price. we've found a very clear correlation between pricing increases and consumption declines. >> tom: the new labels will show up on cigarette packs in september 2012. >> susie: tonight's commentator thinks competition has done wonders for the nation's charities. he's economist todd buchholz, aut

also tomorrow, hilary kramer is our "street critique" guest. email your questions to streetcritique@nbr.com. regulators suspended trading today in 17 penny stocks on concerns about the accuracy of their public records. the trading halt on firms like anywhere md, calypso wireless, and kore nutrition is part of a broader s.e.c. crackdown on fraud in the over-the-counter market. the agency is targeting what it calls blatant stock manipulation by company insiders, promoters and broker dealers on the o.t.c. market. >> tom: saab slammed the brakes on production today, but may restart things up again tomorrow. the ailing auto maker was shut for most of april and may after it ran out of cash to pay suppliers. now, those suppliers are running out of parts. spyker cars, which owns saab, also said the company will change its name to swedish automobile next week. >> tom: a strengthening economy may not overshadow upheaval in the mideast. israel's economy has picked up significantly since the height of the global financial crisis, its benchmark stock index

also tomorrow, hilary kramer is our "street critique" guest. email your questions to streetcritique@nbr.com. the food and drug administration put kellogg on notice today, saying one of its cookie-making facilities was "contaminated with filth." the f.d.a. gave the company 15 days to clean up the plant that makes keebler and famous amos cookies. inspectors found traces of listeria at the plant earlier this year. kellogg calls food safety a top priority and it says the facility will undergo a comprehensive cleaning. >> tom: sara lee will spin off its international coffee and tea business, but will keep its north american meats business. the firm had previously said it would spin off both businesses to create two separate publicly traded companies. the meats business, maker of jimmy dean sausage and hillshire farms products, will cut costs while it continues to consider price hikes. sara lee expects the split to be complete early next year. >> susie: investing in a college education-- tonight's commentator says the economic evidence shows it's a n

hour interviews show spotlight talks to the project leader of the south stream gas pipeline marcel kramer about what the new route could mean for supply. hello again and welcome to spotlight the interview cheryl and hearty and i'll do another in today my guest is marcel cram and russia is investing hard into the south stream pipeline a direct and expanding gas shipping route to you but as the project is gaining momentum there's criticism in some quarters that south stream is uncomfortable and has no future who want to do the project leaders have to say to that here's the c.e.o. of the south stream marcellus crammer joining us from st petersburg economic forum . after the gas well between russia and ukraine left europe breezing moscow decided to develop an independent group to secure its gas supplies south stream i believe along the bottom of the black sea and then on into europe but critics say this pipeline will make western europe even more dependent on moscow today every fourth household on the continent of russian gas. mains our streaming past a guest room he's working hard to improve

also tomorrow, hilary kramer is our "street critique" guest. email your questions to streetcritique@nbr.com. we could soon see a sale of myspace-- newscorp could announce a deal as early as tomorrow. according to published reports, at least two bidders are still in the running-- online ad company specific media and private equity firm golden gate capital. specific media is seen as the frontrunner. the deal is expected to be a mix of cash and stock for around $100 million. more than half of myspace's workforce is expected to be laid off after the sale. >> tom: a bankruptcy judge has signed off on a $150 million loan to keep the los angeles dodgers running while the team reorganizes. the approval came over the objections of major league baseball. commissioner bud selig called the loan from a j.p. morgan hedge fund "inferior" and said it carried excessive fees. he wanted the judge to approve a cheaper loan to the team directly from major league baseball. >> susie: tonight's commentator says it's time for the white house to "walk the walk" when it

our guest this evening "street critique," it's hilary kramer with gamechangerstocks.com. >> susie: here's what we're watching for tomorrow: the weekly update on crude oil and gasoline inventories, along with april factory orders and may chain store sales. speaking of retailers, we'll talk with the c.e.o. of saks about how the upscale, luxury store is catering to big spenders while keeping costs down. taxes and identity theft. a growing number of americans are grappling with both. there were more than 248,000 incidents of taxpayer i.d. theft last year, compared to fewer than 52,000 in 2008. many involve scammers using stolen social security numbers to file fraudulent returns to get a quick refund check. but in some cases, people use fake social security numbers for work, so the victims find themselves stuck with unexpected income. >> tom: attention travel bargain hunters, groupon is joining forces with expedia. the venture, announced today, is called groupon getaways. it will offer hotel stays at deeply discounted prices. the partnership also plans to offer specials for package deals, airl

and hilary kramer is our "street critique" guest. email your questions to streetcritique@nbr.com. toyota is moving forward as it rebounds from the disasters in japan. the automaker said today it expects to resume production at 90% of normal global capacity next month. that's much faster than it previously predicted. toyota was initially short of 150 different kinds of parts because of supplier problems, but with more producers coming back online, that list has been cut to 30 parts. >> tom: former media mogul conrad black finds out next month if he'll go back to prison. the u.s. supreme court has refused to take a second look at black's fraud and obstruction of justice convictions. a year ago, the high court ruled in black's favor on one issue, but today's move has the former owner of the "chicago sun times" and "daily telegraph" of london looking at more time behind bars. he's been free on bail for nearly a year after serving 2.5 years of his original 6.5-year prison term. >> susie: despite near-zero yields, people continue to plough cash into money market funds. jon waggoner thin

paula kramer tied for third. >>> pga in connecticut, jacobson in search of his first pga tour win, got0 under par with a 63 today. ryan moore tied him. at 18, he needs that for par -- oh, he bogeyed it! he bogeyed 18, and that was an easy win. final round 66. tapping in for the par and for the win. >>> soccer, women's world cup is now under way in germany. the host nation has won the past two world cups and is favored again, despite being ranked second in the world. germany gets on the burled against canada with the header. germany with 2-1. u.s. plays its first game tuesday against north korea. >>> tonight on game day, the man who went without a baseball team to being named the national coach of the year, cal baseball coach, is in studio. and nascar coverage, kim coyle with aj, tonight at 11:30. i don't know who is bigger in this studio today, esquer, or a movie star in our building. do you know who it was? >> rob lowe! >> i was in the elevator with rob lowe! >> name-dropper! >> we go back a long way. >>> well, coming up tonight at 6:00, summer's here, lots of people taking advantage

paula kramer finished for third. >>> pga in connecticut, jacobson in search of his first pga tour winr in travelers championship. with a 63 today, though, ryan moore on 18, for par -- no! that would have tied him for the lead. he bogeyed, and that made it easy for jacobson. final round 66, as he taps in for the par and the win. >>> soccer, women's world cup now under way in germany. host nation has won the past two world cups, and is favored again, despite being ranked second in the world. germany gets on the board against canada with the header. germany wins 2-1. u.s. plays the first game tuesday against north korea. >>> tonight on game day, the man who went without a baseball team being named the national coach of the year. cal baseball coach dave esquer in studio, and kim with nascar. rob lowe is in channel 5 right now, shooting a movie, right now. i found a script! >> oh! it will be on ebay later tonight? >> my name is paul -- i've been studying those lines. i think they will give me a chance. >> i think so. >> all right. >>> well, the end is near for a valley -- hollywood news he

teaneck star interview show spotlight talks of the project leader the south stream gas pipeline marcel kramer about what the new routes could mean for supplies to europe . hello again and welcome to spotlight the end to be cheryl on our t.v. i'm not good enough and today my guest is marcel grammer russia isn't the first thing is hard into the south stream pipeline a direct and abandoned gas shipping route to you but as the project is gaining momentum there's criticism in some quarters that south stream is unprofitable then has no future one do the project leaders have to say today here's the c.e.o. of the south stream marcel primer joining us from st peter's world economic forum. after the gas will be.

kramer, my two minutes left. generally what should electrical generation companies be doing to best ensure that their systems can't be hacked into? and then on the electrical generation itself, there's been some side discussions on electrical generation, more critical defense bases or buildings should go off grid totally reliant. and with the small module nuclear reactors may allow them to do that. you have a minute and a half to comment on both of those questions. >> i'll make three points, sir. first of all, with respect to the issue of serious attack. one of the things that a serious attack would have to do is reconnaissance. won't just attack without substantial reconnaissance. so the reconnaissance or the activities you're talking about are quite consequential. and it would be part of any serious attack. and so dealing with those early on is just as important as dealing with the set of issues, you know, when the attack occurs. secondly, with respect to what the industry ought to do, there are a number of --

illinois governor will receive some more around ten years according to former federal prosecutor jeff kramer and other experts but do any of us really believe that the other forty nine governors have you chances to wield political opportunities in different light than we're going to. not likely in the lesson here is that this is really just how the system operates blago just wasn't slick enough to not get caught u.s. attorney patrick fitzgerald referred to his dealings as a quote political corruption crime spree i can think of some more high heinous sprees going on right now like who the one in the white house you know between the bailouts and spine and the war powers violations but never mind all that sleep well america the feds have saved you from another illusory threat the real crime sprees by government continue all we offered this token prosecution as a way to bolster our confidence in a government that treats us like cattle and that's one down forty nine years ago. all right the freedom flotilla to deliver aid to gaza may soon be subject to attacks from israel after really hillary cli

because we recently had amy kramer on the show for those of you who missed that one she's the chairwoman of the tea party express and we had a nice little tea party meets dance party danced right here in the studio but recently she was quoted by fox saying whoever the republican nominee is will have to have the support of the tea party movement the entire tea party movement it just wants to see the cream rise to the top if romney is the nominee i believe that we want to defeat barack obama. but. tea partiers for romney you mean the white brock obama if the tea party stands behind anything it will mean it stood for nothing and therein lies the problem with with any statement here but tea party is and remains a grassroots movement it's not supposed to be a hollow vessel to garner g.o.p. support and i don't think that she speaks for the entire movement certainly not me and i was there for the very first round of tea parties there were very specific reasons why the founders washington specifically were so close to political parties in the first place the reality of course is that the party s

kramer, in my 2 minutes left. generally, what should electrical generation companies be doing to best ensure that their systems can't be hacked into. and then on the electrical generation itself, there's been some side discussions on electrical generation. some are more critical defense bases or buildings should go off-grid totally reliant and with the small module nuclear reactors may allow them to do that. you have a minute and a half to comment on both those questions. >> i'll make three points, senator. first of all, with respect to the issue of serious attack, one of the things that a serious attack would have to do would be reconnaissance. they won't attack without substantial reconnaissance so the activities you were talking about are quite conquential and dealing with those when the attack occurs. secondly, with respect to what the industry ought to do, there are a number of standards set forth, both ferc, doe and others have written out which might -- i think one is called -- well, there's 20 critical act

amy kramer, thank you very much. >> you know what, steve? thing is all the players aren't even on the field yet. >> that's right. >> we're just beginning so we have a long way to go to even talk about a general election. we've got to get through the primaries and there's a lot of play in the primaries. >> all right, amy kramer joining us today from atlanta. thank you very much, ma'am. >> thanks for having me. >> you betcha. coming up next on the rundown, teachers saying no fair over budget cuts. >> now, the teachers are demanding a bailout of their own. of course. and anthony weiner says sexting those racy pictures was just a dumb mistake. really? what americans are saying in our radio rumble next. but first, happy birthday to tom jones. the singer is 71. [ female announcer ] you've never had red lobster like this before. your own complete four-course seafood feast for $15. start with soup, like our hearty new england clam chowder. then enjoy a fresh salad with unlimited cheddar bay biscuits, followed by your choice of one of seven entrees,

. >> sean: including marsha kramer who was involved in the story. >> she said get on the stage i thought they meant get on the stage because the microphone would make my voice louder, because i've had a cold. i up there, i had no idea that i would be talking to a live audience. i only found out afterwards. >> sean: we have a small moment -- here's the scenario. anthony weiner is supposed to be at the podium at 2:00. then the media sees breitbart whose website releases the photos, which we'll talk about. and he takes to the stage. >> well, no this is an ongoing story this is a compelling story. i certainly did not like that he double-downed on this is about bright problem. if he's going to come up here and take some form of culpability here he was party to a campaign for 72 hours that weekend to allow for the left wing blog sphere to accuse me of being the hacker. >> sean: it was blip the messenger. people were attack -- it was blame the messenger. people were attack you. >> i need to apologize to my family now. i took away their memorial day weekend, last weekend, in a weekend where it h

were tandem writers and ironically the second half of the book which goes from stonewall and larry kramer and edmund white, you find a more specific ghettoization of gay literature and is more insular and reaches a narrow audience like michael cunningham and others. a broad perspective on the history of gay literature and how they would be on the literary and affected our political culture as well. >> i want to ask about man seeks god. >> i believe it was late 2008 or early 2009, but geography blitz. eric went around the world looking for the happiest place on earth. eric begins with an ailment which turned out to be caused by an unreasonable deadline imposed by an editor. it occurs to him when you find a face that fits that he has to so eric sets off on another journey this time to find the religion that works for him best and cover the religions we know well and some that we don't. he goes to they paul and finds an american named wayne and in vegas. brazil they worship the little green men. it is a serious study about the role in our lives and also objective of irony. >> finally, time f

well talk much, much more with amy kramer. joining us. >> thanks for having me. >> right now it is mitt romney who is tracking ahead in the polls. so he is a republican source of president. 21% to sarah palin's 17. do you think tea party will support romney despite his healthcare plan for massachusetts. >> everybody wants to talk about the general election and don, we're not even there yet. i don't even think all of the players are on the field for the primary. we still have a lot of primary play to do. we want to see the strongest constitution constitutional conservative and we will hand the gop a candidate. we're not going to wait for the gop to hand us a candidate. >> so you won't endorse anyone right now? any of the people? >> we're not endorsing anyone because we have partnered with cnn to do the first ever tea party presidential debate, which is historic. which is a test many to this movement. >> but bachmann is favorite. you can say that. bachmann is a favorite. i'm not saying is a tea party favorite. >> yeah, there is

. >> rose: larry kramer, a normal heart, first appeared on broadway 26 years ago.erful look the early days of aids and what it's like to be a gay man in new york city, with 56,000 people becoming infected every year and 1.1 million people living with h.i.v. the play is as relevant today as it was in 1985. it's on broadway for the first time and getting rave reviews. it has received five tony award nominations and here i a look. >> you can get dressed. i can't find what i'm looking for. >> needed? needed for what? what is it you're trying to get me to do. >> you have to tell gay men to stop having sex. [laughter] >> i'm sorry, what? >> somebody has to. why not you? >> wouldn't it's be better coming from you? that's a preposterous request. >> it only sounds harsh. you wait a few years. it won't sound so harsh. >> you're talking about millions of men who singled out promise execute to be their single political agenda, the within that they would die before how do you deal with that? you tell them they may die. >> rue tell them. >> joining us, john benjamin hickey and t