s new c.e.o., virginia rometty was not invited to join. augusta had offered membership to i.b.m.'s previous c.e.o.'s. tom, augusta president billy payne will present the women with the club's iconic green jackets this fall. and i say, it's about time. >> congratulations to them. >> right, and we saw at the olympics it as a big deal that women were finally participates in every single activity. so a lot of barriers still in the sports world and in the business world. >> and these two-- these two women leaders will get the green jackets in the fall. >> well that's it for us tonight. nightly business report for this monday, august --. have a great evening, everyone. you too, tom. >> you as well, susie. we have more on the web site, visit us at nbr.com and back on the broadcast tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at: www.nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follow us on our facebook page at bizrpt. d on twitt @bizrpt.

for best buy, the sell-off greeted today's announcement of a new c.e.o., hubert joly. joly does not have retail experience. he was the c.e.o. at carlson, the company which owns the raddison hotel chain and restaurant t.g.i. friday's. he's scheduled to take over early next month. shares fell 10.4% on heavy volume. the drop takes shares to their lowest level since early august when founder richard schulze announced an effort to take the company private. today, the company announced the hiring of joly. schulze said he was disappointed buyout takes have ended. meantime, it's slow going for the renovation at home improvement retailer lowe's. the company has been working to better compete with home depot. quarterly earnings were a nickel less than the average analyst estimate, and they were down from a year ago. the results were held down by fewer promotions in may, slower shopper traffic on memorial day weekend, leading to bigger price cuts to move merchandise. that hurt profit margins. shares fell 5.8% on heavy volume. lowe's cut its financial outlook for the rest of the y

the company has launched a business strategy review led by new c.e.o. marissa mayer. yahoo would get an estimated $4.2 billion profit from selling its stake in alibaba. also after the close, stronger than expected earnings from semiconductor maker n-vidia. the company continues profiting from its push into mobile phones. earnings were eight cents ahead of estimates. after closing up 3.4%, shares added another 5% in after hours action, trading around $15.50 per share as its outlook was better than expected. a merger in the energy equipment industry, as the biggest oilfield equipment maker looks to get bigger. national oilwell varco is the buyer, offering $2.5 billion for robbins and myers. robbins and myers shareholders would get $60 per share. robbins and myers stock shot up 27.4% to a new high, closing just shy of the buyout offer price. national-oilwell shares gained a fraction, rising to a three-and- a-half month high. coal stocks saw some heavier volume, as their shares prices pick up from multi-year lows last month. alpha natural resources jumped 15.1%. consol en

the sell-off comes just a day after the company named a new c.e.o., hubert joly. joining us now, bradley thomas, equity research analyst at keybanc capital markets. so brad, what's the problem with best buy. what's behind those laosly earnings. >> we have pressure right now. the big us one we think is the threat of the internet and amazon, customers are willing to go into best buy stores, browse for products and then they start buying on-line. frankly we think on-line is a lot stic stickier than given crt for. so amazon sales over the last ten years have averaged 27% growth and over the last two years they've gone over 40%. that's a big head wind for best buy. >> so is this business model that best buy's been going with is the big store and multiple products, is that business model broken? >> we think it is. we think it needs a great deal of fixing. ultimately best buy is stuck in the middle right now. they don't offer enough service. they want people to come in their stores and pay a premium. frankly we don't think the consumer wants to pay a premium for electron

. >> a week after naming a new c.e.o., best buy's founder has his own deal to make an offer to take the retailer private. richard schulze has been talking about buying out best buy, but the company and its founder had been at odds over how to proceed. once he starts his review of financial information, schultze will have 60 days to make an offer. if rejected, he will have to wait until after the holidays to make another one. word that schultze remains in the hunt helped shares gain 3.2% today but they remain well below the price range schultze has mentioned as a possible bid, $24 to $26 per share. best buy closed below $18 tonight. a much different retailer, tiffany earned one penny less than estimates. sales fell in asia and in the u.s. the company also cut its financial forecast for the second straight quarter, but anticipates margins to improve during the holidays. shares jumped 7.2% despite the disappointing earnings. it's warning was not as bad as feared, and it continues to move forward with store openings. this is a three and a half month high for tiffany shares. it's been more t

the head of freedom works yes he is the technical head of freedom works but our new real head who is the president c.e.o. who is the functioning manager of freedom works is a man by the name of matt kibbey who is a real ron paul libertarian ok and armey is the city chair that's correct. can you identify any country in the history of the world anywhere that has had a middle class as a consequence of libertarian economic policy absolutely the united states has absolutely well there's been several periods united states where we were a little bit more free than others i think one of the best periods that you could look at in american history is the time that we were on the gold standard some people talking about the gilded age there was no there were roughly no middle class that well there was a burgeoning middle class that was the growth of the middle class in the united states when we had a lot of it was the growth of the robber baron well this was the demick. president grover grover cleveland who was one of the best presidents in american history that we had one of the last good democrat in the in eight

his name yet because there's so many criminals out there it's hard to keep track but the new barclay's guy c.e.o. barkley criminal guy he's of he's all these is the you know the joe well max the important thing here is that one of the arguments for why julian assange needs to be attacked is that he released information that could result in somebody dying in the deaths of contacts and sources in afghanistan or iraq or yemen or places like that when various generals in congress have said in fact nobody has died because of it and so if that is their standard to apply towards this harsh over the top military like attack on truly innocent then where are they against the banks because we know and we've catalogued here newspapers around the walls mainstream media is reporting on the thousands and thousands of suicides and death across europe in the united states that additional suicides because of the financial collapse paul moore former top regular internet boss was saying you know go back to world war two you had over seven million people die as a result of the depression of the post crash era he sai

. >> a week after naming a new c.e.o., best buy's founder has his own deal to make an offer to take thethe hunt helped shares gain 3.2% today but they remain well below the price range schultze has mentioned as a possible bid, $24 to $26 per share. best buy closed below $18 tonight. a much different retailer, tiffany earned one penny less than estimates. sales fell in asia and in the u.s. the company also cut its financial forecast for the second straight quarter, but anticipates margins to improve during the holidays. shares jumped 7.2% despite the disappointing earnings. it's warning was not as bad as feared, and it continues to move forward with store openings. this is a three and a half month high for tiffany shares. it's been more than 12 years since the deal of the century, and three years since it was unwound, today a.o.l. announced two efforts to pay shareholders: a special dividend, and a faster stock buyback plan. the special dividend will be $5.15 per share, payable in cash to shareholders of record on december 5. at the same time, a.o.l. has accelerated a stock buyback plan,

in the conflict torn country let's get the latest from our tease on us to see it should be new york on a c.e.o. so why has the council decided to withdraw its monitors. well so be it regardless of russia's insistence on prolonging the observer mission in syria the united nations security council decided not to go ahead with this and as you said on august nineteenth this mandate will expire we have to remember of course that the conditions for these were very important first of all the u.n. security council wanted to see an end to the violence on the ground and the stopping of the use of heavy weapons and of course we have to keep in mind that just recently there was an explosion close to the u.n. mission headquarters and of course this impact of the decision what's important is the security council plans to set up really another form of you on presence on the ground in form of a more civil mission a civil office russia however regrets that the mission comes to an end of the observers take a listen to what the russian ambassador to the u.n. had to say. well we're sort of the monday is coming to

that has real consequences for all i see and their organizations trying to change it their fellow c.e.o. in new jersey runs a candidate school for working people are unless those things unless those things take off we're going to look at more of the same millionaires party it's going to stay in power dr nicholas carr is assistant professor of public policy at duke university. well here at r t we often talk about how wasteful the u.s. government can be when it comes to spending on the military recently we told you about the two hundred million dollars used for the iraqi police to belt development program a u.s. government funded program that was highly criticized by government officials both in iraq and here in the u.s. in regards to wasteful spending but this is hardly the first time the government has made big investments with little return take the case of the sea shadow this vessel well boasting some of the most advanced stealth technology on the planet it was never actually used for any operational purposes it was never reproduced and eventually ended up in the navy's fleet near been isea c

news cycle p.s.g. is founder and c.e.o. arrested he admitted it is suicide no he attempted suicide to fraud going on according to his note undetected for twenty years so does fear over protection of your property rights factor n to what our guest calls a bubble in perceived safe havens where you don't have to listen to me you can hear from him more of our interview with jim grant founder and editor of grant's interest rate observer he's also author of this book mr speaker the life and times of thomas be read the man who broke the filibuster take a listen we've talked a lot about a bull market in safe havens and people willing to level in a bubble and it's a big bubble incident perceive safety now see actual safety we we see in retrospect very clear all that was safe. and but paradoxically that which is substantively safe often appears on say for example the. two thousand two thousand and late two thousand and eight early two thousand and nine. so-called toxic mortgages selling at twenty cents on the dollar actually proved t

c.e.o.'s or as they called it in fact so-called news job creators which brought us the greed is good mentality the one nine hundred eighty s. when c.e.o.'s were encouraged to cut salaries of their workers bust up unions pollute the skies and gamble on wall street to maximize well the holy grail then came laws to cement this new definition of the economy massive tax cuts for the so called job creators deregulation of wall street's banks toure's and the so-called free trade agreements so that national corporations could have band in america and morph into trans national behemoths that new business model and this entirely new definition of the purpose of an economy is still with us today. and is one in which profit and making money is the ultimate goal and to hell with the government stability and prosperity of society to advance this reagan as footsoldiers redefine the word freedom to f.d.r. freedom meant freedom from want and destitution freedom at a social safety net but to the reaganites freedom and freedom for banks and hostlers like michael milken and the koch brothers and mitt romney to pu

c.e.o. jamie dimon as a new york banker sixty six percent said they don't know who he is wild four percent believe he's a daredevil motorcycle. for those likes us i mean a lot of people ask me geno you attack jamie diamond so. aren't you afraid that his goons are going to attack you and the answer is no because sixty six percent of americans have never heard of jamie diamond and ninety percent only have a vague idea of who jamie dimon is if in fact sixty six percent of americans do explicitly who jamie diamond was in the crimes that he committed a daily basis to disenfranchise ninety eight percent of all americans then yeah you could say well having made that happen i might be a risk of being beat up by jamie's good but as long as america engages in cognitive dissonance and as long as it pertains as a magical thinking is going to somehow save them from the ravages of the deflationary global to rid of unwind those polling unmercifully daily then or say you know during the previous great depression people knew who al capone was and here nobody even knows who jamie diamond is the difference of course