i'm maria bartiromo. today coming to you from sao paulo, brazil, a city of 20 million people. coming up in the program, what is behind the boom in this natural resource-rich nation? i'll be talking with several leaders here in brazil. >>> also ahead, the federal reserve, the markets and a lot more. the "wall street journal report" begins right now. >> this is america's number one financial news program, "the wall street journal report." now maria bartiromo. >> i'll be back with more from brazil coming up. >>> but first, let's get the headlines of the week with tyler mathisen. over to you, ty. >> thank you so much, maria. here is a look at what is making news as we head into a new week on wall street. federal reserve chair ben bernanke made history this week but not a lot of news. for the first time, a sitting chairman met the media and held a formal news conference following a fed meeting. mr. bernanke said the fed is watching inflation very closely. >> while it is very, very important for us to try to help the economy create jobs and to support the recovery, i think every cen

i'm maria bartiromo. he is the wealthiest man in the middle east, the largest individual foreign investor in the united states. when he speaks, markets listen. my conversation with prince awaleed bin talal alsaud. >>> the shocking arrest of the president of the international monetary fund. >>> an initial public offering rockets. >>> and if you've been bitten by the travel bug, you're not alone. luxury travel on the rebound. just where are the rich and famous jetting off to these days? "the wall street journal report" begins right now. >> this is america's number one financial news program, "the wall street journal report." now maria bartiromo. >> here is a look at what is making news as we head into a new week on wall street. wall street was partying like it was 1999 again this week with the initial public offering of the social networking site linkedin. the ipo was priced at $45 a share when it went public on thursday. it more than doubled by the end of its first trading day. the company does not make an

i'm maria bartiromo. today i'll speak with legendary value investor mario gabelli. find out how he sees the markets for the rest of the year, and where he is putting his money now. >>> then the man who has been sounding the alarm on america's debt and deficit for years. does he see any hope on the horizon? i'll speak with former comptroller general david walker. >>> and michael j. fox on his battle with parkinson's and funding the research and finding a re. "the wall street journal report" starts right now. >> this is america's number one financial news program, "the wall street journal report." now maria bartiromo. >>> here is a look at what is making news as we head into a new week on wall street. disappointing news about america's economy. another look at the gdp for the first quarter by the federal government showed an annual increase of just 1.8%. that's a slower pace than economists had expected, and a sign of a softening economy, even though it is a backwards-looking indicator. the week started off with a blue monday as the markets fell on concerns about euro

i'm maria bartiromo. a strong jobs report. commodities plunge. oil tanks. silver sinks. what does it mean to your portfolio? i'm talk to the bond king, bill gross. >>> and he is the eighth richest man in the world, but he is gunning to be number one. >> it's just a question of time, i'm sorry. >> my conversation with brazilian billionaire eike batista. >>> and my discussion with vera wang. how to marry mainstream and high fashion, keeping blushing brides beaming and cash registers ringing. "the wall street journal report" begins right now. >> this is america's number one financial news program, "the wall street journal report." now maria bartiromo. >> here is a look at what is making news as we head into a new week on wall street. the u.s. economy added more jobs last month, more than at any time in the past 11 years. and all of them were in the private sector, which showed the best gains in five years. nonfarm payrolls rose by 244,000 in april, strongly surpassing analysts' expectations. the unemployment rate rose to 9%, likely because more people were looking for work.

now maria bartiromo. >> i'll be back with more from brazil coming up. >>> but first, let's get the headlines of the week with tyler mathisen. over to you, ty. >> thank you so much, maria. here is a look at what is making news as we head into a neww wee on wall street. federal reserve chair ben bernanke made history this week but not a lot of news. for the first time, a sititting chairman met the media and held a formal n news conference following a fed meeting. mr. bernanke said the fed is watching inflation very closely. >> while it is very, very important for us to try to help the economy create jobs and to supporort the recovery, i think evy central banker understands that keeping inflation low and stable is absolutely essential. >> during the meeting, the fed kept interest rates at near zero percent, lowered its growth projections and improved its outlook for employment. the dow osed up almost 100 points following the conference, ending at a multi-year high. nasdaq reached a ten-year high on wednesday as well. both were up again on thursday. we got our first look at the strength and size

they were hosted by maria bartiromo and this is an hour and 10 minutes hosted by the peter peterson foundation. >> we are talking with two of the washington authorities on economic policy, paul ryan and gene sperling, the director of president obama's national economic counsel. before i bring chairman ryan out, last month, the chairman introduced a chairman to reduce long term deficits without raising taxes. the plan proposed significant changes to the medicare program, medicaid, as well as other cuts in federal spending. some people have hailed the program as quite positive, others have criticized it. let me bring on mr. ryan soldiering on, and he'll talk about that plan. congressman ryan. [applause] >> thank you. got caught up with president clinton. >> yeah, saw that. congressman ryan, great to have you today. we'll talk about your plans and then get gene sperling's white house plans. your plan to cut deficits include cutting spending by $5.8 trillion. you do not accept any tax increases on the revenue side. reducing budget deficits by $1.6 trillion. >> 4.4. >> over the ten years, not inclu