hampton pearson is live with the details in washington. hampton? >> reporter: well, tyler, there was also the ruling on prop 8 in california, that same-sex marriage constitutional ban. what the court essentially did was to uphold a lower federal court ruling that struck down prop 8 as unconstitutional so that means gay marriage in california can go forward. now, on the issue of doma. the federal defense of marriage act. in a 5-4 ruling the court also struck that down, so from now on in the 12 states where gay marriage is in fact legal, same-sex couples, if you will, must receive equal access and treatment to federal benefits when it comes to things like income taxes and social security. now, justice anthony kennedy speaking for the court majority said in essence doma writes inequality into the entire u.s.

hampton pearson has our story. >> the supreme court says profit sharing settlements where brand name drug manufacturers pay their competitors to delay the availability of cheaper generic drugs can be settled in federal court. the ftc claims the settlements cost son assumers $3.5 billion a year in the form of higher drug prices. a statement reads, the supreme court's decision is a significant victory for american consumers, taxpayers and free markets. and from congressman henry waxman, the architect of the law paving the way for these settlements. i will continue to vigilantly watch to ensure the patent settlements are procompetitive and proconsumer in the future. >> the high court case focuses on an ftc challenge to a multimillion dollar deal made by the pharmaceutical firm to extend a patent for its popular drug androgel, which raises testosterone levels in men. the court's ruling places an additional and unnecessary administrative burden on our industry. legal experts say today's ruling raises the bar for both sides. >> the supreme court certainly didn't put out a road map that's s

hampton pearson. in washington. >>> so are the bond market's big glory days behind it? bill irvine of fidelity joins us. where do you stand on the fracture between ubs, on the one hand saying the worry is overdone and goldman on the other saying this time it's for real. the bond bull may be on its last legs? >> well, certainly the backup in yields this past month has been sharper and more sudden than i think many market participants may have expected. in my opinion, the backup so far has been both healthy and reaband what i mean by that, if go back to the beginning of may, on the one hand, the yield on the ten-year treasury was only 20 basis points above. all-time low around 1.6%. meantime, the recovery continues to take hold. a strong unemployment report this past month. household balance sheets improving. fiscal outlook in the united states improving. all good. those two things inconsistent and then more recently, have you had the fed rhetoric which made clear to the market that the quantitative easing program will not last forever, and they will begin tapering purcha

for "nightly business report," i'm hampton pearson on capitol hill. >>> coming up on the program, as gold prices drop, are consumers dumbing their coins in bars or buying more? >>> how commodities and treasuries faired today. >>> earnings report, a large part of the market focus tonight. nike reported 22% gains on improved revenues and gross margins. nike says it has $12 billion in future orders for delivery through november, up 8%. nike shares up during the regular session closing at $63.32 and jumped during after hours trading. >>> reporting profits ahead of estimates and raising the long-term outlook as savings from an acquisition begin to kick in. net sales there up 34%. investors bought the long-term view pushing shares up more than 5% on double the normal volume and closed at $35.04. >>> after the market close, facer announced a $10 billion share buy back compared toization -- authorization. closing at $28.18, up a fraction but popped a bit on the buy back news. >>> a good day for liberty media and cable stocks. they jumped on a report john malone is working on a plan for chart

for "nightly business report," i'm hampton pearson in washington. >> well, that mostly sweet jobs report gets the credit, and deserves it, for the second best daily dow gain of the year. only the first trading day of the year, of january 2nd was better, as we mentioned before. and for its part, the s&p 500 logged its best two-day rally since january, up 2.1%. now over the past two sessions to finish the week with a gain of just under 1%. it was the first weekly gain for stocks in the past three weeks. but today's rally did paper over a very volatile week marked by triple-digit swings up and down, sometimes in the same day after months of relative calm. for this week, at least, the volatility was back big-time. at the close the dow was up. the nasdaq gained 45 to finish at 3469. and the s&p 500 gained almost 21 at 1643 and change. >>> walmart hosting its annual meeting today, a meeting that addresses a lot more than just the financials of the world's largest retailer. part pep rally, part serious gathering. there were hollywood stars, singing, activist shareholders, and even a buyback. ma

the author was a very brilliant canadian, lester pearson. he worked very closely with dag hammarskjold when pearson received a nobel prize with the execution of peacekeeping. and he really gave all of the credit to dag hammarskjold. it is a very interesting story. brian burkhardt was the muscle. he was a brilliant african-american noble laureate who is one of the inner circle of dag hammarskjold. so that is what you are looking at trade it is hammarskjold being a peaceful man with no military experience. no military experience prior to this, he did this many times. strange enough to say, his advisor, his military advisor said that hammarskjold was a good commander because of his long heritage of military men behind him. he said that he wasn't afraid of the military the way that so many were in high places in the u.n. i don't think that he was pleased to be reviewing the troops, but he knew how to do it. so we enter this in between was resolved so brilliantly. in the congo crisis, which this reflects. this is from summer of 1960. there were n

the first person to get that number was cnbc's hampton pearson. we talked to him earlier.could not get any secrets out of him. we tracked the newest revelations about the biggest spy agency. we will have team coverage at the top of the hour. >> internships for $70,000 a year? >> i wouldn't mind being an intern. >> me neither. 5:55. christina loren is here to talk about what's happening outside heading to the weekend. >> i'll sign you both up. good morning to you. a good-looking day shaping up, except for the low clouds this morning forcing the one-hour flight delays out of sfo. we have deet lays up until 11:30 for the past few days. today, they will be lifted by 9:00 a.m. as the fog is going to lift earlier. 55 in livermore. 60, sunnyvale, 53, san francisco. we're headed towards a warmer afternoon and then near record heat getting into the weekend. we'll time it all out for you coming up. we'll get you out the front door. good morning, mike. >> you just missed a parade of brake lights over here. deliveries done early in the morning here. a smooth drive for 880. we will sho

when pearson received a nobel prize for the concept and execution of peacekeeping, he really gave all the credit to hammarskjold where it was probably due. it's a very interesting story. and brian workhart was the muscle that with ralph bunch -- some of you know of ralph bunch, the brilliant african-american nobel laureate who was one of hammarskjold's inner circle. so that is what you're looking at, is hammarskjold, a peaceful man with no military experience prior to this reviewing the troops. and he did this many, many times. and strange to say his adviser, general rickier, an indian whom he really trusted, said that hammarskjold was a good commander, a good commander in chief. because of his long heritage of military men behind him and said that hammarskjold wasn't afraid of the military the way so many were in high places in the u.n. i don't think he was pleased to be reviewing the troops, but he knew how to do it. enter if between sue -- in between suez which was resolved so brilliantly and the congo crisis which this cover reflects -- this is, you can read the date, it's from su

cnbc's hampton pearson is live with that story and more. good morning. >> we've got microsoft and the fbi working with authorities in 80 countries to launch an assault on one of the world's biggest cybercrime rings. groups believe to have stolen more than half a million dollars from bank accounts over the past 18 months. now, hacke erers tack over 5 min pcs around the world using them to steal from dozens of financial institutions including american express, bank of america, citigroup and paypal and the bubble has burst at one of the smithsonian museums in washington. there was plans to create an inflatable bubble to be used for live performances and cultural programs but the cost of the bubble ballooned from an estimated $5 million to to more than $12 million. fund-raising fell short and the project has been canceled. the smithsonian says it will return money to donors if they want it back. back over to you. >> the bubble burst. hampton pearson, thank you. >>> if just about an hour the d.c. lottery will reveal the winners of their second c

. >>> now for an early look at this morning's business headlines, we turn to hampton pearson. good morning, hampton. >> hello, alex. we've got a takeover deal with real fizz that may be in the works. reports say pepsico is in talks to buy soda stream, the machines that turn tap water into carbonated drinks for $2 billion. soda stream is also checking whether coke might be interested. >>> microsoft and the fbi are working together to launch an assault on one of the world's biggest cyber crime rings. the group is believed to have stolen more than $500 million from bank accounts over the past 18 months. >>> and finally, mcdonald's plans to start serving a combo of breakfast and dinner items after midnight at some of its restaurants open 24 hours a day. you'll be able to mix and match, so order a big mac with hash browns. mcdonald's is trying to boost sales which has sagged recently. a little food for thought. alex? >> all right, thanks so much, hampton. >>> in other business news, stocks start the day below 15,000 for the first time in a month after the dow shed over 200 points.

courtney pearson? >> good afternoon, thank you my name is courtney appears son from the hiv foundation. we have continued to see a demand for these services growing that we are not able to currently meet the existing demands because of our space limitation and current locations. for example last year a magnet performed more than 15,000 clinical visits and we had to turn away 2000 because of lack of capacity. we are planning to coordinate these two services on castro creating the facility for health and wellness for gay and bisexual men and the new center will enable us to keep up with demands for services for people who live and work and play in the castro district. we are also excited that this new facility will allow us to expand our health services as well as new programs for aging and black men. as mentioned we've worked with merchant groups generated a lot of support from them and appreciated that support and we request your support for this legislation and thank you so much for sponsoring this. i

they now control two of the pearsons' around the city. threek the rebel fighters separate assaults on this government barracks before they were able to take it. the rebel fighters tell us what made the difference in the third assault was the russian anti- tank missiles in recent taking the -- recently taken delivery of. they told us of the arrival of a limited shipments of more powerful weapons. they would not say where they came from or who paid for them. the groups fighting are under the umbrella of "a free man of serious." they want a country ruled by islamic law with protection for minorities, including christians. these might be the groups that will benefit from the small arms the united states has promised to supply. >> we predict the americans will arm us. why is there a delay? do they want to depend on certain people? having the weapons is better than not having them, whatever kind they are. >> the villages near the front lines are deserted. almost all of the people have fled. among them, one commander admitted to us, a young man

hampton pearson was at the seem court today and has more on today's rulings and what they mean. >> reporter: the two landmark rulings from the supreme court were greeted by cheers from the huge crowd of mostly gay marriage supporters who gathered. the justices giving new legal options to same sex couples. it's forcing the federal government to recognize same-sex marriage in the 12 states and district of columbia where it is legal. in a 5-4 decision the justices overturned the defensive marriage act. doma that denied benefits to same-sex couples. justice anthony kennedy said doma writes inequality into the code and justice skolia said it's one to elect change, it's for a court of law to impose change but judging those who oppose it as enemies of the human race. president obama while in route to africa applauded the doma decision and directed eric holder to review all federal laws related to today's ruling. constitutional law experts say that's just the beginning of impact in the real world. >> no so much in the workplace, for employers but employees who will benefit with social security, hea

for nightly business report, i'm hampton pearson in washington. >>> prices are expected to start dropping in the midwest by this coming weekend as those refineries get back online. >>> if you own a honda odyssey minivan, listen up, federal safety regulators have added 320,000 of those older model minivans to a growing probe into faulty front air bags that have already impacted more than 2 million cars from three different automakers. there's no recall yet, but officials say the air bags on 2003 and 2000 ford models can g in the ithout a crash. odysseys are the same ones used in the '08 toyota and chris livans that have already been recalled. >>> safety regulators are also moving closer to a pontiac g 6 sedan from 2005 to 2008. faulty brake lights, cruise control problems, and complaints about not being able to shift out of park. that is an obstacle. >>> fedex is raising rates, starting july 1st, the delivery giant will increase freight shipping rates by 4.5%. back in january, fedex increased shipping rates for ground and home delivery. says the new increases only apply to freight deliveri

i'm hampton pearson in washington. >> tonight, we heard the joke about someone trying to buy the brooklyn bridge but how about buying the empire state building. that's almost what happened when a top new york city real estate company offered to buy the skyscraper from 2 billion-dollar in cash from the family that confroms the building. it's lower than the tower's appraised value and comes weeks after investors improved a plan to take the empire state building public selling a real estate investment trust. no commit on the offer. i would say it's priceless, huh? >> i think it is. i think king kong will get into the bidding soon. maybe we can buy it. it would be nice to own. >> that's nightly business report for us. i'm susie gharib thanks for watching. >> and i'm tyler mathisen. thanks for watching from me, as well. read more at nbr.com and meanwhile, we'll see you back here tomorrow. fortune.... and love.... in a world that was about to change forever.... shanghai story.... a dance drama.... is next!

for nightly business report, i'm hampton pearson in washington. >>> earlier stocks ended on the downside today following a decline in consumer confidence in june, industrial production flat in may and a surprising half a percent increase mostly on rising food and energy costs. after four days, the sizable losses this week the averages ended lower for the third week out of the past four. the dow lost 106 but still managed to close above the 15,000 level. the nasdaq was down by 21. the snp 500 was off by nine points. >>> the yield on the ten year fell slightly today, 2.13% after hitting a 14-month high on tuesday. >>> foreigners have been bailing since before the market drop. that private overseas investors sold out of a record $30 billion in treasury bonds and notes in april and foreign governments dumps an additional 55 billion. >>> that kind of attitude is rest nating, higher payroll taxes and cuts in u.s. government spending have posted downside risks to the country's economic outlook and will likely shave about 1.5% off u.s. growth this year. those cuts part of the sequester legislati

in red now this has thrown up a few surprises one of those is that right here in germany a lot of pearson a looted orange on the map suggesting that it was the subject of quite significant why it's happening it's been suggested that although these claims are made that they're trying to stop terrorism that these could be used for economic purposes to try and find out just what's going on inside of europe's only real economic success story at the moment well of course this caused some outrage here in europe and it's certainly going to raise some serious questions when president barack obama arrives here in berlin next week for talks with angle of merkel another man here in germany who's in charge of protecting german citizens identity and personal data is called the u.s. actions unacceptable saying that the level of protection that was in place to look after u.s. citizens well was really far greater than those to look after a u.s. citizens and well aren't we all allies after all now the social democratic party here in germany who are the main opposition party have said that they want to hea

we turn to cnbc's hampton pearson. hampton, good morning. >> hi, mara.st of all, we've got a takeover deal with some real fizz which may be in the works. reports say pepsico is in talks to buy sodastream, whose machines turn tap water into carbonated drinks, for $2 billion. sodastream is also checking whether coke might be interested. >>> microsoft and the fbi are working together to launch an assault on one of the world's biggest cyber crime rings. the group is believed to have stolen more than $500 million from bank accounts over the past 18 months. >>> and mcdonald's plans to start serving a combo of breakfast and dinner items after midnight at some of its restaurants open 24 hours a day. you'll be able to mix and match, so order a big mac with hash browns. mcdonald's is trying to boost sales, which have sagged recently. mara, back over to you. >> who doesn't love breakfast for dinner? thanks so much, hampton. >> you've got it. >>> straight ahead, an nbc news investigation reveals new details from our military drone program. that's coming up next. i d