he's patrick o'hare, chief market analyst at briefing.com. >> jeff: then, it looks like more people are paying their credit cards on time. american express and capital one both report delinquencies are down. the news helped stocks surge as the dow added over 250 points. >> susie: i'm susie gharib. >> jeff: and i'm jeff yastine. paul kangas is off tonight. this is "nightly business report" for wednesday, july 15. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. >> susie: good evening everyone. >> jeff: no alikely hood of support over the near term. end quote. that means no money to help the cash-strapped firm. cit is evaluating alternatives and one of the nation's largest small business lenders serving thousands of firms and has been on the verge of bankruptcy for days. >> susie: harsh criticism today of president obama's plan to make the federal reserve the "super regulator" of the u.s. financial system. an institutional investors group led by two former heads of the securities and exchan

he's patrick o'hare,hief market analy at briefing.com where he writes e bargain hunting comn. pat weome back to n.b.r. >> h jeff,hank you. >> jeff: fir give us your sense of the mket today, the dow up 50-plus. >> earer in the week the s&p was down and we tnk it got angst out of the way so what he we witnessed was a reef trade because earnin are coming in bets than feared and the market's appease with his send quarter repor and the guidance is sen percent below the year ago perio intel is still not operating ia normal environment ands ty a bit daunting to us given we' 18 months into the recession so we wouldn't get carried away with what we'reeeing so far. >> >> so be patient. you still haveto wait around a bit. >> given t run we've h off the march, yes, we would agree with that. >> jeff: you write the baain huntincolumn for brfing.com. at's your comments on howou defi a bargain. >> to stt from from a top-down prespective and looking the broade economy and based on where we think the economy is heading breakingown to industry gups and one of the value-oriented metrics is the ic

he's patrick o'har chief market anast at briefing.com where he writethe bargain hunting lumn. pat lcome back to n.b.r. >>i, jeff, thank you. >> jeff: fst give us your sense of thearket today, the dow up 250-plus. >> elier in the week the s&p was down and wehink it got angst out of the way so what he we witnessed was a lief trade because earngs are coming beer than feared an the market appead with his cond quarter rept and the guidance is ven percent below the year ago perd intel is still not operatingn a normal environment andshey a bit daunting to us given we're 18 months into the recession so w wouldn't get carried away with what we' seeing so far >> >> so patient. you still have to wait around a bit. givenhe run we'vead off the march, yes, we would agree with that. >> jeff: you write the rgain huntg column for iefing.com. what's your comments on how you dene a bargain. >> to art from from a top-down prespective and lookinat the broar economy and based on where we think the economy is heading breaking down to industryroups and one of the value-oriented metrics i t price to e

. >> jeff: tomorrow, "street critique" guest patrick o'hare goes bargain hunting among the retailers. he's chief market analyst at briefing.com. >> susie: bernard madoff is spending the first night of the rest of his life at butner federal prison near raleigh, north carolina. inmate number 61727-054 checked in this morning to start serving a 150-year sentence. other well-known prisoners there include adelphia communications founder john rigas and his son, timothy. madoff pleaded guilty in march to running a ponzi scheme that wiped out thousands of investors. >> jeff: developed countries are expected to lose nearly 30 million jobs by the time the global recession is over. that prediction came today from the organization for economic cooperation and development. it's a group of 30 countries working together to fight poverty. many experts think the global economy will recover next year, despite high unemployment. >> susie: here's a look at what's happening tomorrow: the june reports for consumer prices and industrial production are released, as well as the weekly report on crude oil and