sloan.ording to alfred sloan, the primary object of the corporation is to make money, not just to make motorcars. sloan realized he couldn't sell his cars cheaper than ford, so he gambled that people wanted more from their cars than a ride and that they'd pay more for the color, variety, and options th they could get only from gm. henry ford may have known cars, but alfred sloan knew ople, and he knew the '20s. ♪ are ya havin' any fun? ♪ what ya gettin' outta livin'? ♪ ♪ what good is what you've got if you're not havin' any fun? ♪ ♪ are ya havin' any laughs? ♪ are ya gettin' any lovin'? ♪ if other people do so ♪ can ya have a little fun? schoumacher: to link his cars with the national mood, sloan ma advtisings much a gm product as thchevy. professor leo riffo of george wasngton university has written about the car and the era. shrewd, in some sense manipulative advertising, suggesting that an automobile represents your status and your personality -- it's not just a way to get around -- aided

you're on the board of memorial sloan ketterring. >> this is so exciting.ave been on the board for about 15 years. it's one of the best things that i do. they're doing something with ibm that's transformational. it's going to really change the way health care is delivered. ibm and memorial slope kettering having working together. our doctors having teaching the watson computer about cancer. we've entered in 2 million pages of texts. lab reports, specimens, analysis, case files into the watson computer. that computer is learning how to diagnose and treat cancer. this is hugely important. memorial sloan kettering is excellent. we only get to see 150,000 patients a year. the patients in the tristate area and those who come to us. but 80% of cancer in america is being treated remotely in community hospitals and other places where they don't have access to the state of the art research and clinical protocols that memorial sloan kettering can offer. >> it's like what's happening in india. there was an incidence of skin disease. they're taking pictures of it, send

i was saturday night, i was waiting for the mission bus and i just want to say that whatever at sloan was insane. when the doors opened, all four or six lanes of of mission street were blocked by the crowd milling around and there are buses stopped on either side that could not get through. and there were four girls who hung out in that area threatening people at the bus stop all night. and i just want to say it because i have never really seen anything like that. where like, so i did go over it in the security to move the people around and i did call the police. because these girls were totally harassing people. so i mean, they were young, and 20-year-old girls and they were going to take me down. they were after me because i was just like, please, don't harass, the people here, at the bus stop. so i just want to put that out there, that sloan was out of control on saturday night. >> all right. >> is that something that would you like to discuss in the future? >> no. just a comment. >> got you. >> anything else that you

so i just want to put that out there, that sloan was out of control on saturday night. >> all right. >> is that something that would you like to discuss in the future? >> no. just a comment. >> got you. >> anything else that you want to put in there? if not, we can move on. >> all right. >> we will move on. >> and it looks like there is nothing else on the agenda, and so, adjourned, thank you all for coming. thank you. >> have a good night. >> all right. guys i'm going to go ahead and get started. welcome to the opening celebration of newest location at the gary and sonic (clapping) >> i'm mesht i'm the senior group director of target stores in the bay area. i'm happy to be here. at take the we take pride in knowing our guests and our store leader is a perfect example she's a analyst san franciscan laej please join me in a welcome of '86 many >> thank you meredith. good evening, everyone. i'm so excited to be here today and would like to kickoff the celebration for thanking each of you. i want to recognize mayor ed lee and supervisor ed farrell and supervisor mar of district one and

. >> reporter: cnet's paul sloan says twitter took a lesson from facebook's failure and investors took notice. twitter is taking their business to the new york stock exchange valued higher than facebook despite the fact that the company has not made any profit. but once they go public, sloan says management will have to make changes that could trickle down to the app on your phone. >> you will probably see all kinds of experiments going on with different types of ads because the reality is, when you're public, you have to make money eventually and you have to show growth not just with users but in dollars. >> reporter: now, coming up in the next half hour we are going to hear from kcbs radio's financial reporter jason brooks on how twitter measures up to facebook and the challenges that the social media site will face once it goes public. back to you. >> cate, how many shares are up for sale today? >> reporter: well, frank, the twitter -- not the twitterer, but twitter is going to be offering 70 million shares. if they sell them all today they are going to raise more than $2 billion. >

but once twitter goes public, sloan says management will have to make thanks that could trickle down to the app on your phone. >> you'll probably see all kinds of experiments going on with different types of ads because the reality is, when you're public, you have to make money eventually and you have to show growth not just with users but in dollars. >> reporter: coming up in the next half hour, we are going to hear from kcbs radio's financial reporter jason brooks on hour twitter measures up to facebook and the challenges the social media site will face once it goes public. reporting live in san francisco, back to you in the studio. >> the company is offering 70 million shares in the ipo. if all shares are sold it will raise more than $2 billion. >>> let's get a look at the roads now with liz. what's going on? >> back out to oakland, we have learned that the coroner just arrived on scene. early this morning, there was a fatal accident involving a pedestrian that ran out into the roadway, was hit and killed on westbound 580 on macarthur boulevard. the backups are relatively minimal

all falling into killing off tuesday french msn money the government of president paul sloane is vowing to increase security in northern areas of money. the current french un in law in the dutch contingent in the country's ill equipped to patrol the boston area which is in which owns the mission continued to run for the cats all of the ferry. following a brutal double murder there are no question marks over the security and keep down in northern mallee. she's been to poland told their own were abducted in a city where french and un troops have been stationed since it is here. france's foreign minister no obvious that after a meeting with france won on sunday. but security with the titans. the fool who actually knew. dude must be stressed that security measures in the area. and in neighboring areas. it is to go with their religious knows that it's all was being preached. but this too. there were a couple. the second in command of the un forces and nani told frost uncapped he just doesn't have the equipment to patrol the north of the country an area the size of france. good or harm it doe

iran sloan is coming up. >>> welcome back. d.r. horton rallying after reporting a 39% jump in quarterly profits, but it won't all good news. they also warned of slowing demand, telling investors new orders are down 2%. what is the trade here? we debate it now. simon baker is the bull, joe terranova is the bear. you have 09 seconds. >> an easy one to beat up. the homebuilding stocks have been horrible. interest rate guessing up. i get the argument. okay. this stock is starting to look much, much better. the earnings are positive. the positive points that came out of it, year on year, orders are up. yes, cancellations are up, but house prices stayed stable. it looks good. the reality is, in terms of the pent-up demand, potentially the demographics, is huge. the reality is for every one house that is being built, there's a demand of 1.7% on it. i mean, there just isn't the pent-up demand. i like the names like yelp, and this stock is massively underperformed, came out with good numbers in terms of buying a valuation stock moving forwa

tim sloan, wells fargo chief financial officer, and of course we'll talk about the housing industry,ut first, i saw you nodding your head when bertha showed the california number. that appeared to be the highest enrollment in the country there. no surprise for you in your state there. >> there's a lot of people in california. >> yes, but -- >> a lot of people need health care. >> we would have expected that in some other states like texas, too. >> i think that's right. i mean, our biggest concern as it relates to obama care is how it affects our customers and how it affects our team members. doesn't directly affect our team members because we have a good health benefit plan but we want to make sure they're informed in terms of their options. we've had to make some changes in our health plans to make sure we don't have a cadillac plan. but other than, that our biggest focus is how it affects our customers. >> what about the mortgage market, tim, what are you seeing? where are we in this recovery? >> i think we're in a pretty good mortgage recovery. i mean, the housing industry is very

the memorial sloan-kettering hutch in seattle, those aren't going to be accessible. >> those are great institutions. from all over the world, people going to those hospitals. if you're saying if it's not in my net are i have to pay substantially out of my pocket for my cancer care? is that really what's happening? >> substantially, and since it's expensive in the first place, it will be prohibitively costly for people, they just won't be able to do it. >> another thing happening as a result of this law. that is, the integration of medical networks, hospitals and physicians. >> right. >> tell us what's happening there. you described it as the death of dr. marcus welby md. the so-called family physicians. the three or four doctor practice. why has that happened? >> doctors are becoming owned entities of hospitals. this is a couple of reasons. it makes it easier to regulate the physicians if they're part of systems where you can regulate the system rather than regulate down to the level of the doctor. also, because they want to transfer risk to physicians. they want physicians to be beari

are joined by professor richard schmalens-ee professor of economics and dean "emeritus" at the m-i-t sloan school of management. wonderful to have you here. > >pleasure to be with you. > >as the president was taking office-- unemployment was high at 6.8%.what was his proposal to fix the labor market? > >well its a little bit through the looking glass. his proposal was to cut taxes to stimulate growth. the republican opposition was worried bout deficits. it was another time. > >and he did manage to move the needle. by the time he left it was closer to 6%. he also had a lot of dealings with unions. for instance there was a famous battle between the president and the president of u.s. steel over an increase in steel prices. kennedy won that showdown. but what did that signal to big business? > >it signaled that this young president was going to be tougher than they might have thought. and that he was not afraid or unwilling to take them on. > >he was also a champion of national healthcare. did he make attempts to change healthcare in this country? > >no, he didn't do anything serious in that

in these days of the stair it's the most politicians would do best if they refrain from sloan sing that well if they have any that is why little fist in the darcy try and portray themselves as needing a modest lifestyle living an ordinary house is diving ordinary vehicles which the odd exception of course and was the exception seems to be russia's president sardinia putin is portrayed himself as the ruthless commentary and shayla system and braving freezing waters and now some say he can add yet another title to the list of the richest man in. beach nice ot streaking. land and bows and has been taken for construction sites. now just three hundred meters and peaches left. all the other available property along the coast has been sold off the idea. i did this same spot every summer this year i was shocked. in the other regular vacationers work too they took one look and said they felt like leaving again we are which. one luxury hotel after another is under construction in the crust and our region on the black sea even in fairly remote spots a consequence of president flooding of proteins

sloan said the so-called hip-hop conservative needs to go.cedure, the set upwas made by investigators. a senior law enforcement source was a judgment call and not just based on his office. investigators wanted to know more about his relationships and his connections. >> what a story that is. we'll see how long he lasts if in fact he lasts. we also have new information from please about the stabbing of a virginia lawmakers, apparently by his own son. we're told it wasn't the first time authorities had been called to creigh deeds home. what are you learning about the attack and the attempts, desperate attempts, i'm told, to get some helps for deeds' son? >> reporter: new details tonight, including the fact that creigh deeds has been upgraded to good conditions, and new details about where exactly the stabbing happened, but we're also hear that this is raising even bigger questions about the mental health care that his son did not get. sources close to the investigation tell cnn that gus deeds stabbed his father more than ten times just outside

if are your network does not cover say sloan-kettering, you can pay out of pocket.rk state not a sung el single insurance plan on exchanges pays for any cost out of network, you pay the entire cost yourself out of pocket. neil: is there an option on resubmit that bl to someone else or is it on you and only you? >> on you and only you, in other states top providers like cedars-sinai in los angeles,ary vanderbilt in tennessee has been left out, depending on plan you are forced into, you may have to pay out of pocket. >> you know, you are on to something that a lot of folks are missing, the magnitude of this that it is far beyond keeping your doctor, keeping your plan. this is being able to go where you need to go when you are hurting, badly hurting. maybe even dying. that has a multiplier affect that could be devastating ? >> absolutely, this is about real people who will serve real consequences, this is the natural outcome of the law. you cannot increase -- by requiring people who are already sick and eliminates cap to benefits, you increase their cost, and try to fo

melanie sloan of the citizens for responsibility and ethics washington says he needs to go. >> trey radel needs to resign. members of congress uphold the law, not break them. >> is it true he's a republican that voted for drug testing for food recipients on a bill that passed this september? that would seem hypocritical. >> it is drew. congressman radel did support that. it's an amendment to the farm bill to allow states to give drug tests to applicants and after his arrest, he finds himself under attack for having one standard for himself and another standard for americans who need food stamps. nancy pelosi said it could humanize this issue for some in an interview with "buzz feed." >> see if he gets the help he needs. there is a lot more happening tonight. >>> anderson, sources tell cnn virginia state senator deeds was stabbed more than ten times by his 24-year-old son who then killed himself. the tragedy happened hours after the senator tried to get psychiatric help for his son under an emergency custody order. deeds was released when no beds were found but three area hospitals said th

sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: the president of the philippines declared a state of emergency today, in the wake of typhoon haiyan. vast stretches of the central part of the country lay in ruins, especially the city of tacloban, where officials warned there could be thousands dead. for now, the confirmed death toll stands at 942. we begin with a report from angus walker of independent television news, in tacloban. you may find some of the images disturbing. >> reporter: tacloban city. survivors call it ground zero. the old coast road, a route rubble for mile after mile. entire neighborhoods washed away. tens of thousands of families lived around busy marketplaces and bac

sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: billionaire investor steven cohen and his high- profile hedge fund agreed today to a record plea deal for insider trading. s.a.c capital advisors will admit to criminal fraud and pay $1.8 billion in fines and forfeitures. for federal prosecutors in new york, it's the biggest catch yet in a long-running investigation. >> sometimes institutes need to be held accountable too. no institution should rest easy in the belief that it is too big to jail. that is a moral hazard that a just society can ill afford. >> ifill: cohen was not charged with any criminal violation, but will no longer manage money for anyone but himself. we'll have more on the

i'm talking about the surgery at mayo, lear at sloan keter ling in new york city, all of the doctor visitsnd all of the medications, just everything. then i had to pay out of pocket some because of the dedeductible so it's over 200 grand but this is the number that we have got from blue cross/blue shield of north dakota. i have absolutely no complaints. insurance is good. we pay $1,100 a month between the both of us for our premiums. it's kind of high but we can afford it. both of our insurance policies total that. now i'd much rather pay that than have to deal with $179,000 bill with no backup. now under obama care, someone with low income could enroll in medicaid or qualify for subsidies. under obama care, low income wage earners wouldn't be stuck with a massive bill like this. so here is how it would play out if you're one of those folks making $27,500 a year that the republicans don't give a damn about, this is how it would play out. if you got a medical bill for $179,048.69, and you took out a ten-year loan at 0%, let's say you got a rich uncle who is going to cut you a deal or a the

i have been with this plan to sloan keterring in new york, md anderson in houston. i have a rare and aggressive gallbladder cancer. it's very late stage. it's come back just in the last two years it came back viciously p in my liver and lung again. so i have had to fight. that's how cancer is. you can fight, fight and think you're winning but it's sneaky. >> and the ongoing relationship with your doctors is so critical. i know united pulled out of the market for various reasons, but the c ereo was explicit that ob care tipped the scales. the white house rejected that. i have to run. i will give you a quick last word on the tweet challenging your account. >> you know, i just didn't understand why they felt that was necessary. because let's fix this. it's so complex. it's unbelievably complex and confusing. >> and don't blame the victim. >> right. >> i have to run because i'm up against a hard break. my apologies. all the best to you. we pray and wish the best for you. >> thank you. >> we'll be right back. customer erin swenson ordered shoes from us online but they di

sloan foundation.porting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org

sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: european sanctions on iran could be eased as early as next month. that word came today from french and european union officials. it follows the weekend agreement to relax some sanctions in return for freezing much of iran's nuclear program. we'll look at the details and the wider implications for the middle east right after the news summary. national security advisor susan rice was in kabul today, urging afghan president hamid karzai to sign a security deal without delay. the agreement would govern any u.s. troops who stay to train afghan units, after nato combat forces withdraw next year. afghan elders endorsed the pact sunday, but karzai

sloan foundation.porting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org . >>> this is nightly business report with tyler mathisen and susie gharib brought to you in part by. >> thestreet.com. up to the minute stock market news and in depth analysis. our quant rating service provides objective independent ratings daily on over 4300 stocks. learn more at the street.com/nbr. >>> nasdaq 4,000, the index cloemss above that milestone for the first time in 13 years. but is it different now, and is the composite healthier than back then? >> turn around, on track, so says hewlett packard ceo and the stock pops on the earnings ne

sloan foundation.porting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and friends of the newshour. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: the senate's long- festering fight over filibusters came to a head today. majority democrats pushed through a rules change making it easier to force action on presidential nominees. before, it took 60 votes; now, it will take 51. democrats said it will end gridlock, republicans say it's an abuse of power. we will hear some of the debate and talk to two senators right after the news summary. wall street rallied past a new milestone today on signs of improvement in the job market. the dow jones industrial average added 109 points to close above 16,000 for the first time. the nasdaq rose nearly 48 points to close at 3.

sloan foundation.porting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: president obama moved today to put out a political firestorm and let people keep their existing health insurance policies for now. he said the government will suspend the requirement that individual plans meet minimum standards at least for one year. it's up to insurance companies to decide if they'll go along. in the white house briefing room, the president acknowledged the outcry by the public and politicians, and said he bears much of the blame. >> i think it's fair to say that the rollout has been rough so far, and i think everybody understands that i'm not happy about the fact that the rollout has been, you know, wrought with a whole ra

if you're someone who needs access to specialty care and wants to get to memorial sloan-kettering, orething like that, you're out of luck. >> it's so interesting. the charge -- among the charges against obama care was, all right, you won't get your doctor. you're not going to get your right hospital. but more to the point, nina, rationing and price controls. obama cons denied that from day one. what you are describing, what scott is describing is rationing and price controls. >> well, i think it certainly is laying a foundation. i mean, how else are they going to have skyrocketing subsidies in the exchanges? how are they going bring down costs? they're already going to have to figure out how they're going to pay the subsidies right now. i think they're going to look at instead of reducing the subsidies, i think their solution is going to be to regulate the plans even more. there. >> you go. i got to get out. i'm sorry. we're short of time. thanks, nina, we appreciate it very much. scott, thanks. now, folks, just about 50 years ago this week, president john f. kennedy was tragically as

sloan foundation.porting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org >> this is "bbc world news america." >> funding of this presentation is made possible by the freeman foundation, newman's own foundation, giving all profits to charity and pursuing the common good for over 30 years, and union bank. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news america." >> this is bb

sloan foundation.porting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> sreenivasan: americans at home and abroad celebrated the thanksgiving holiday today. the annual macy's thanksgiving day parade passed through the streets of manhattan. it defied strong winds that threatened to ground its 16 giant balloons. elsewhere, shoppers got an early start hunting down bargains typically reserved for black friday. more than a dozen major retailers kept their doors open for the holiday. meanwhile, u.s. forces in afghanistan enjoyed a thanksgiving feast with turkey and all the trimmings. combat troops are preparing to leave the country by the end of next year. iran extended an invitation to the u.n. nuclear agency today to visit a

we heard from brian moynihan and tim sloan and they said the branch isn't going away.t get smaller and be the size of your dry cleaners rather than the size of some big expansive retail space but it's not going to go away because people are still going to have customer service issues that can only be solved there. >> put enough starch in my shirts i'll keep going there. always struck by how vast some of their real estate holdings are. >> a bit of an illusion. 1970, 22,000 bank branches nationwide today 90,000, four times as many. it's a bit of an illusion. shrinking over a few years ago bought because as kayla points out, atms you can deposit and withdraw money. that's the main reason people go to banks. they're not going to go away. you'll be able to find a bank -- >> i have an app, take a picture of my check, deposit electronically. >> and they thank you for that. >> i bet they do. wall street comp may be increasing this year. a report from the financial recruiting firm options group sees average global comp rising 12% in equities, but commodities, currencies and big

sloan foundation.porting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: the most powerful storm on earth this year has hit the central philippines with sustained winds of nearly 200 miles an hour. thousands of residents were forced to evacuate, and officials warned of catastrophic damage. hours before landfall, the typhoon was already dumping heavy rain. the target area included a province devastated by an earthquake last month. trans fats could soon disappear from the american diet. the food and drug administration wants to ban the artery clogging substance found in processed foods from margarine to cookies to frozen pizza. the f.d.a. says that could prevent nearly 7,000 deaths from heart disease each year. we'll

sloan foundation.porting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: israel has launched new air strikes into syria. u.s. security officials say the attack came after nightfall, in the syrian port city of latakia after nightfall. the target was said to be russian-made, surface-to-air missiles. it's at least the third time this year that israel has carried out air strikes inside syria. syria has met a deadline to destroy all of its declared chemical weapons making equipment. the organization for the prohibition of chemical weapons verified it today. it's part of syria's agreement with the u.n. to destroy all chemical facilities and weapons by mid-2014. we'll have more on syria, later in the program. china dema