dick parsons retires after 16 years on the board. it's "nightly business report" for friday, march 2. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. more red than green on wall street today. tom, it was a day of profit- taking after the market's recent run-up. >> tom: the s&p and nasdaq still posted gains for the week, susie, but not the dow, thanks to today's sll drop. by the closing bell, the dow was off about three-points. the nasdaq lost nearly 13 and the s&p slipped four. >> susie: aside from today's minor losses, the stock market has been on a steady climb up: the s&p 500 has rallied more than 9% this year. but as erika miller reports, trading volume has been very light, suggesting many investors are missing out on the gains. >> reporter: even as stocks trade close to their highest prices in two years, many individual investors are still wary. mutual funds are the most common investment for individu

scott parsons.me out of retirement because of some unfinished business that he says he has to do. zachary keisch has the story. >> it's an interesting sport. it attracts all kinds of people. i think for me it's a lot about being an individual. >> reporter: doing things differently is part of two-time national champion kayaker scott parson's way. his deliberate approach towards life. but it's on full display every day as the two-time u.s. olympian takes his commute to the office on the feeder canal. >> you can't beat the two-minute walk down to the main training site. this neighborhood where i live is kind of the center for kayaking in this area. i knew even while i was going to high school that the day after graduation i was packing up my car and moving to brookmont. >> reporter: by 12 he was winning. >> basically the idea is to negotiate the course set using these gates. >> reporter: the seasoned champion is in the process of qualifying for his third olympic games in london. but it almost never hap

parsons served as chairman for three years. the journal is also reporting that the company is expected to elect michael o'neill as the chairman role. anton shipps is chief and investment officer. thanks for calling in, anton. what's your take on parsons stepping down? >> i think it was pretty well broadcast. it has certainly been rumored for quite some time. i think the role of chairman at citi is really an important role in dealing with the government at this point in time. and less so as a chief executive officer, which vikram is. if you're the chairman of this company, you've really got to be very good at handling public relations. and i think that parsons has been a little bit of a lightning rod. >> that makes a lot of sense, actually, in terms of what the day-to-day is in terms of the chairman's role. but let me ask you about performance, do you think investors will look at this as a positive, that under his leadership as chairman, the stock has plummeted? >> i think he came in as chairman during one of the worst times in

chandler parson hits a three-pointer. never heard of parson. 20 points, 11 rebounds, 4 assists. this was not a good night for the warriors. they haven't beaten the rockets in houston in five years. warriors are nineteen and 26 now. >>> andrew luck will be the no. 1 pick in april's nfl draft. espn needed programming, so they have something known as the pro day where scouts are invited to come out and look. 125 were on hand. this guy, no question, he's it. indianapolis let peyton manning go so they could draft him. he had to do his thing. >> that's what i wanted to show, they could go out there and do -- make every throw that an nfl quarterback has to make. >> he's a great day, does it all, great aptitude for quarterback. i didn't come here to find anything out. i already knew it. >>> formerly of the new york giants, mario manningham signs today along with returning ted gin with the san francisco 49ers. san francisco added josh johnson, grew up in oakland, played for harbaugh at san jose, and 43 touchdowns and just one interception as a collegiate for harbaugh. he signed a two-yea

scott parsons has come out of retirement because of some unfinished business. >> it's an interestingttracts all kinds of people. i think for me it is a lot about being an individual. >> reporter: doing things differently is part of two-time national champion kayaker scott parsons' dna. it's evident in the way he commands his canoe over water and his deliberate approach toward life. but it's on full display every day as the two-time u.s. olympian takes his daily commute to the office on the feeder canal. >> you can't beat the two-minute walk down to the main training site. this neighborhood brookmont where i live is kind of the center for kayaking or slalom kayaking in this area. i knew even while i was going to high school that the day after graduation i was backing up my car and moving to brookmont. >> reporter: following the interests of his father and older brother by 10 he had the boat. by 12 he was winning. >> reporter: i can't follow it at all. >> basically the idea is to negotiate the course using these gates. >> reporter: the season champion is in the process of qualifying fo

is and that the jobless rate remains exceptionally high and i keep believe i'm now joined by nick parsons from national australia bank. they'll tell me how this cash does this mean to us and when we can still recover. yes i think the u.s. economy is very much in recovery mode and let's not forget that it's because of that fact that mr bernanke he was able to announce yesterday that the prospects for a third round of quantitative easing were less than they might previously have seen so it's not that the absence of q.e. is going to choke off the recovery it's rather that the fracture of recovery is going to choke off q e. ok now we know that there was strong anticipation of q e three but is it fair to say that the market reaction was short lived so therefore it is slightly new now. have a lot of. how much does it not. well it doesn't matter quite so much let's give an example here in in just over half an hour we're going to get the latest read on u.s. manufacturing industry will likely to find that for thirty first consecutive month that's almost three full years for thirty one consecutive

parsons is really just on a task quarter basis supporting the designs and the dtx design is on hold while we pursue funding. they are not subcontracting out any work right now, which is why there was not a cold place on term at 3. the availability on the dbe side is an advisory, and they are much higher on the sbe side. >> if you can refresh my memory, can you explain of what dbe advisory is, and what is the goal. >> because of the western states decision, we raised a completely neutral program, as i believe mta does as well. we cannot place contra rebels on dbe participation. >> why are there zero goals? >> those were all in place before we implemented the program. we started placing tolls on contracts would be implemented the sbe program in 2009. and all of these contracts are in place before the sbe program was implemented. there was not the way to go back and put vocal on contracts already in place >> why weren't they included in the original contract? take a we did not have a contract when they were originally entered into. we implemented the program in 2009, after we brought the con

was arrested in july. 5e pleaded guilty in to effor parsons in the metro area including non-consent firefighters to the hospital injuries.us the wrongful death case against virginia tech could go to the early as today. but first to the commonwealth witnesses. they believed that the first were an isolated .omestic incident they believed it did not pose a campus.the water wider campus. in d.c. there were arrests in stolene of the electronic devices. raids plays throughout the city at places that traffic stolen items. >> we're learning more about the accused of plotting an attack at the university of maryland campus. 19-0 alexander song was arrested posting messages on line. cracked under the weight of social and economic pressure. misdemeanor charges not have anyd weapons online. >> 60 degrees. >> it feels nice. >> shaping up to be a great day. a hard braking >home for a marine killed and a line duty.e mon >> and who went home with the ring on the bachelor? >> and the next round of rain. >> welcome back. it's tuesday. time for traffic and weather every ten minutes. >> we start with adam caskey. th

parsons and others may know about the lounge that played -- the lounge and there. i do not think -- i will always remember him doing the electric slide on the floor of the lounge, such great oldies always being played by pulse and other groups. he was a participant in organizations, the japantown community youth center. he was a strong supporter of many community institutions. he also was very supportive in his -- in the first role at a counseling center and became an academic adviser at uc-berkeley where he was employed for 20 years. he was an s.f. giants fan and enjoyed collecting and selling sports cards and having boy's' night out with his buddies. he was a great dancer and he passed this on to his children. he is known for his sense of humor, his huge heart, and his gregarious nature. for everyone who knows him, you know what we are talking about. he could warm-up or room that was freezing cold with one smile and a joke. and the friends he had were friends for life like me. he will be remembered for his jokes, his knowledge of sports and music facts and breaki

>> let me parson this carefully, the president believes that they respond to self-interest. the sanctions that he has put in place is hurting their economy in serious ways. the use of the german world of hurt. he believes that they could respond to this pressure by, if not completely abandoning their nuclear plants, shoving them. how it might be enough for a while. there has been debate about the possibility of containment. what was his reaction to that? gosh he said it is impossible to contain a nuclear iran and the world's most volatile oil region. he said that he knows that if iran goes nuclear, four or five other powers will try to go nuclear. an enormous the standoff and the chance for escalation. he doesn't think it is a workable solution. >> and thank you for joining us. still to come on tonight's program, trying to prevent another crisis. leaders agreed to keep their government budgets in check. but will they really live by the rules? >> in new zealand, the christ church cathedral is going to be demolished after being badly damaged in last year's earthquake. duncan k

there's the pass to rookie, chandler parsons. throw it down like you mean it, young fella.kets win, 109-83. >>> that will do it for sports tonight. back to jessica and -- wait a minute. that's not raj. raj, you still work here? i haven't seen you in three months. >> where has gone?aj gone? >> he's in line for "the hunger games." >>> finally tonight, one incredible road trip. this kitten, right here, crawled into the engine in a van in mill valley, then took a harrowing 85-mile ride, that included a trip across the golden gate bridge. the tabby is recovering at the animal shelter in santa cruz. so far, no one has claimed him. the shelter said he had a collar, but not tag. he had a blue studded collar with a little bell. so cute. >>> let's check in one last time with jeff. tomorrow looks okay, right? >> tomorrow is great. for all of you have that plans outside, it's going to be sunny throughout the midday and early afternoon. and the clouds will increase in the evening. and rain returns saturday and a chance of thunderstorms on sunday. >> saturday and sunday are the days to s

doug parsons agrees. he says the training initiative is the first step in revitalizing interests. >> i think we need to get to the homes and educate parents who still have that stigma that it's dead end jobs, dirty, for losers. it's not. it's the future and there is this resurgence. >> reporter: it's a future austin mcclanahan buys into. he says machining has given him an opportunity to work with his hands and earn a good living. the starting salvi about $40,000 a year but more importantly he's developing a skill set in demand. >> ifill: finally tonight , a look at a major demographic change in america, the sharp increase in people who live alone. ray suarez has our conversation. >> suarez: in 18950, 22% of americans were single, four million lived alone. they accounted for 9% of all households. fast forward to today, more than 50% of american adults are single, 31 million, about one out of every seven, live alone. they make up 28% of all households. these so-called singletons are the focus of a new book

eventually increasing their advantage to twenty six points by the final buzzer houston's chandler parsonsscoring twenty points with a career high eleven rebounds wells one dry get shot at seventy points nine. it's one hundred nine eighty three the final score meaning the rockets maintain their grasp on the eighth and final playoff spot in the western conference. i think stateside book talking american football now where the jets completed the signing of tim thibeault from the denver broncos the quarterback greeted by a circus of fans and reporters after touching down in new york however arriving in a private jet he managed to avoid the press by with three t.v. helicopter circling overhead there was huge interest in t.v. whose arrival obviously in a trade that sent draft picks in their fourth and six runs to the broncos bit twenty four year old arrives as a reserve with the jets committed to quarterback mark sanchez who recently signed a three year deal t. bills departure from the broncos follows the arrival of legendary peyton manning earlier it would. put bulger on g. have teamed up with

game aventura increasing their advances to twenty six points by the final plaza houston's chandler parsons school to. she points and grabs a career high eleven rebounds all grown drug addicts seventeen points and nine assists one hundred ninety three the final school with the victory the rockets have maintained their hold on the eighth and final playoff starts in the western conference. now you wait for president michel platini his head back nameless premier league chairman said dave richards richards last week had to apologize after saying the game's governing bodies faith and you a thought had stolen football from the english the fifty year old claimed england gave the world the greatest legacy the game of football and the organizations were gangs who stole the game he later said his comments were meant to be light hearted and that he would write to apologize to play for and the way for however pertaining says he still waiting. i originally following this story closely then sent many e-mail maybe it got lost in the hallway soviet because i haven't seen it another thing i can say is that

chandler parsons scored twenty points and ground a career high a level rebounds the goal and drag it out it's seventeen points and nine a six one hundred eighty three the final score being the rockets maintain their hold on the eighth and final playoff spots in the western conference. now you wait for president michel platini his head back and english premier league chairman said dave richards richards last week had to apologize after saying the fee for a new way for had stolen footballs from the english the fifty year old claim the england gave the world the greatest legacy the game of football and the two organizations were gangs who stole the game he later said his comments were meant to be light hearted and that he would write and apologize to fee for a new way for however pertaining says he still waiting. finnick but if i originally induced chris huhne following this story closely then he sent many e-mail maybe it got lost in the hallway soviet fact because i hadn't seen it done the thing i can say is that when not gangsters to food but from the english i think the english are v

by the final buzzer houston's chandler parsons scored twenty points and grabbed a career high eleven rebounds drugget added seventeen points are nine assists one hundred nine eighty three the final score when the rockets maintain their hold on the eighth and final playoff spots in the western conference. now you wait for president michel platini has hit but english premier league chairman said dave richards richards last week had to apologize after saying that three for and you a for had stolen footballs from the english well the fifty year old claimed england gave the world the greatest legacy of the game or football and that the two organizations were gangs and stole the game and later said his comments were meant to be light hearted and that he would write and apologize to faith and eurasia however protein he says he still waiting. for but i originally in good spirits had following this story closely then sent me an email maybe it got lost in the whole way so be it because i haven't seen it and only thing i can say is that when not gangs who still remain wish i think the english a

tired of these endless meetings which don't really result of anything and actually we spoke to nick parsons from national australia bank who says that this meeting won't be any difference no formal agenda is actually being published i think we're in danger of really getting some retreat over kill here the but because there are too many summits or quite simply too many of these meetings there is plenty of scope for disappointment when they go into announce or achieve anything but the markets themselves become more tuned to this more might hopefully expect that any disappointment in price terms at least will be quite limited. so let's take a look at those markets will start with the exchange rates the euro is trading slightly lower against the dollar and not some concerns about what's happening in the euro zone as far as the ruble is concerned it's been it's next on a thursday at last a little bit against the greenback gained a little bit against the euro will happen they did figures from when the russian markets open which is in about an hour let's move on to asia shares there are seeing mod

american companies so far have done well on a lot of these projects from kbr, parse orngs parsons and brinkerhoff, et cetera, but this new project that will be built 20 billion in the next few years. >> a lot of work in that and then in the water and electricity segment that needs to be expanded another 3 billion in the next six years. this is not even to mention all of the work they're doing in renewables as ambassador smith rightly pointed out on the issue of shale gas is going to revolutionize the whole region and qatar is the leading export of lng and continuing to develop its capability is increasingly shifting its markets away from the u.s. and still exporting to europe. i might add, the uk is singularly dependent upon lng from qatar, but now in shifting its vision toward the east, india, china, after the catastrophe that took place in japan recently. japan has now emerged as one of the top importers of lng. so again, more markets going to the east and no end in sight in terms of the demand for their product. so they are expanding in all areas, diversifying in science, technolog

happen over and over again but they don't really result in anything and actually we spoke to nick parsons from national australia bank and he says that this meeting by ben ministers in brussels will not be any different actually and no formal agenda is actually being published i think we're in danger of really getting some retreat over kill here the but because there are too many summits or quite simply too many of these meetings there is plenty of scope for disappointment when they don't actually an ounce or achieve anything but the markets themselves have become more tuned to this more might hopefully expect that any disappointment in price terms at least will be quite limited. and now let's take a look at those markets in europe they just opened and as we can see they are pretty much of a large spot in positive territory but have a better picture next hour let's move on to the exchange rates the euro and straighter lower against the dollar and that's following concerns about what will happen in the euro zone when it comes to the ruble it's a nuisance a little bit i guess the greenback

economic growth is bump a and that the jobless rate remains an exceptionally high more parsons from national australia bank and so he had. yes i think the u.s. economy is very much in recovery mode and let's not forget that it's because of that fact that mr bernanke he was able to announce yesterday that the prospects for a third round of course that of easing were less than they might previously had seemed so it's not that the absence of q.e. is going to choke off the recovery it's rather that the fracture of recovery is going to choke off q.e. . i list see how the u.s. market is opens up they are indeed open up for business right now says the how the day they are and even positive territory as the labor market continues to improve that as for brush with now. and they closed up in the red as you can see the artist and the my six both in negative territory so we'll see how the stocks got on gas prom closed in the red blue color was down after reporting the net income rose fifteen percent to ten billion dollars on the back of high prices but the result came. this fall car so that's why they'r

untouched it's true it's it's paper to become country and the people don't get it and they're still parson and they're still loyal to either the warfare spade or the you know welfare state and so things will continue to deteriorate i don't know exactly next wouldn't you know when when we reach a threshold a critical mass in which the people just stop but you know this the stuff you don't just keep it piles up to such a way you know you think that there's going to be a collapse of some sort in the people's attitude toward this i mean how could anybody watch the director of the f.b.i. in congressional testimony in the asking now could the president of the united states you know unilaterally order the assassination of of americans so severe out our native soil inside the country in the order of america to be sasson it at the head of the f.b.i. says. i'll have to check the bill have to check and then you know the same week john mccain is running around it's never been a war that he didn't like and he's saying well he didn't bade syria we need to go to war in syria and he's haranguing the presi

contemplated it has been contemplated but if it's taken up or you mentioned the military side of parsons but opened up before the does seem to be a spirit of openness again from iran but why now rather the moment is because of all the sanctions that are being imposed on it at the moment is it is it finally getting into those do you think why this change of heart at the moment. you were asked a very good question and i think this is how media in the west is now trying to perhaps pro-trade that for the last couple of months iran wasn't allowing the. inspectors to go into part two but the reason for that was given a large team by ideas or small tiny permanent representative at the i.a.e.a. only about a week ago. i spoke to you give me the answer. but i'll give you an answer but you know. he was very clear that the reason why iran was an ally in there i.e. inspectors to go in terms of reference and the word that he used the word valid these were not agreed and so obviously the modalities have now been agreed and iran is willing to allow these inspectors to go in and again as we all know and