. >> thank you, susie. >> susie: and you can see hillary. >> susie: high hopes about a bigger european bailout fund fueled a late day rally on wall street. investors bought up stocks in the last hour of trading on word that france and germany agreed to boost the euro-zone's rescue fund. the dow surged 180 points, the nasdaq jumped 42 and the s&p 500 added 24. as for volume, just over a billion shares moving on the big board and just under two billion on the nasdaq. still ahead, with the nation's biggest banks launching new fees for debit card purchases, more and more americans are turning to an old standby, the credit union. top republican presidential hopeful herman cain is pushing for major reform of the tax code, but analysts aren't eating up the pizza legend's 9-9-9 plan for tax reform. in last night's program, our commentator outlined the problems. today, for the other side, washington bureau chief darren gersh talks to campaign officials and experts about the controversial proposal. >> reporter: herman cain's 9-9-9 plan would not only dramatically simplify taxation in the united

i'm susie gharib. good night everyone and we hope to see all of you again tomorrow nigh "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing is available in "nightly business report's" video "how wall street works". to order this dvd, call 1-800- play-pbs or visit online at osh.orgbs. >> be more. pbs.

i'm susie gharib. good night, everyone, and good night to you, too, tom. >> tom: good night, susie. i'm tom hudson. good night, everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> be more. pbs.

he's portfolio manager at thestreet.com. >> susie: hi, david.thank you f, susie. >> susie: tell us why you're up? >> historically november is a pretty good month in the market. like looking for certain pockets of value. the energy sector and individual names that should do well wether the market goes up between now and the end of the year. >> susie: we heard from so muchg seasons so cautious on outlooks for the rest of the year. where is the catalyst for a growth in the stock market? >> there were some good and some bad about. two-thirds of companies in the smp 500 have exceeded earning spec stations. i want to look where earnings are growing the most. energy is very cheap right now. when you look at value investing any stock or sector has a price to be bought. i think there is good value out there now. >> susie: alright.let's talk abe possibilities out there. you have two stocks to tell us about. the first is triquin semi conductor qtnt. tell us why you like it? >> it's below tangible book value. this is how much the shareholders have on balance sheets when a company is profitable it

david, so nice to have you back on "nightly business report". >> great to be here, susie. >> susie: let's talk about groupon, a lot of excitement about this, the company coming to public. how do you think it's going to do? >> well, there's a tug of war that's going on between the underwriters and the investing community. this i. p. o. has been in the system for just a little bit too long and it's starting to develop some cobwebs, so investors are thinking maybe there's something wrong with the company, and there have been a lot of back and forth between the s. e. c. and the company to get this taken care of. investors are going to be the ones that will leap into this offering because they've heard it as one of the big coast, and it will get a good sponsorship. >> susie: you heard our report about all the market volatility. is this a good time for a company like groupon or any company to go public? >> it's an interesting question. it really depends on what side of the equation you are. if you are an issuing company, if you want to bring your company public, and you came to me and asked me

p >> susie: blackberry is back. after days of outages, research in motion says it has finally fixed the glitches frustrating millions of blackberry users. but the company says the backlog of emails and messages is still creating delays for some users. as many as 40 million people worldwide suffered service disruptions after a key piece of switching gear failed, followed by the failure of rimm's backup system. that led to a very public apology posted today on youtube by rimm's co-c.e.o. mike lazaridis. >> since launching blackberry in 1999, it has been my goal to provide reliable, real-time communications around the world. we did not deliver on that goal this week, not even close. i apologize for the service outages this week. we've let many of you down. >> susie: but not much of a letdown for investors. surprisingly, tom, the blackberry outage has had minimal impact on rimm shares-- they fell 27 cents today to close at $23.61, and that's just above where the stock closed on friday, before those problems began. >> to

susie. >> susie: good night, tom. i'm susie gharib. thanks for joining us. we hope to see all of you again next week. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> belva: california's bold prison

really appreciate it. >> always great to be here, susie. >> susie: same here. we always love having you on. we've been speaking with fred cannon, director and chief equity strategist at kpw. there was some encouraging economic news for investors today. industrial production rose 0.2% in september and a gauge of new york state manufacturing hinted at stabilization this month. these fresh signs of life in the nation's factories are helping to calm recession fears. but as suzanne pratt reports, there's concern about a new breed of recession. a month of zero job growth and two months of stagnant consumer spending economist tom porcelli is calling it a "flash recession." the idea? the u.s. experiences short patches of recessionary conditions. the term "mini recession" also fits. it doesn't meet the traditional definition of a recession, which is two straight quarters of a contracting economy. but, those short periods of economic trouble do make headlines. and, porcelli says therein lies the danger. >> particularly now in a sentiment-driven backdrop, if people think

i'm tom hudson. >> susie: and i'm susie gharib. from all of us at "nightly business report," thanks for watching. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. >> more information about investing is available in "nightly business report's" video "how wall street works". to order this dvd, call 1-800- play-pbs or visit online at shoppbs.org.

good night everyone, and good night to you too, susie. >> susie: good night tom. i'm susie gharib. good night everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> b >>> tonight on "quest" -- mt. umunhum is one of the most majestic peaks in the bay area. but cold war security and toxic

hy, jill. >> hi, susie, thanks for having me. >> susie: you spotted a trend in what happens to high growth, high-tech companies when they are reporting their earnings. tell us a little bit more about what you are seeing. >> i think with the market overall this is certainly not 2008-2009 where investors are complacent with companies making the quarter on cost cutting alone. they are incredibly picky and they have the right to be. so they are look for companies that are beating with 3w09 on line revenue and not simply cost cuts. so what we are seeing happening in high beta tech is these names are being bid up so high into the print and they come crashing down in the after-hours and they open up lower for the day. and they usually end up closing down for the following trading day as well. so for example-- . >> susie: well, let's take some examples. you have given three stocks to look at. let's begin with apple. here is the case that we remember that the stock was really rising in the days before its earnings release which was last tuesday, october 18th. earnings and revenues came in lower tha

captioning sponsored by wpbt >> susie: good evening, everyone. my colleague tom hudson is on assignment. amazon stunned investors with a big miss today. after the market close, amazon reported a 73% drop in quarterly earnings and the stock plunged as much as 20%. the company earned 14 cents a share, ten cents below analyst estimates, even though amazon reported strong sales of its popular kindle tablet. revenues surged 44% to $10.9 billion, but that was also below expectations. amazon also warned that the earnings outlook for the rest of the year will come in lower than previous forecasts. earlier in the day, 3m disappointed investors as well, saying sales growth will be sluggish in the current quarter. that warning from a dow component was one factor weighing down the blue chips. the dow tumbled 207 points, the nasdaq lost 61 and the s&p 500 dropped by 25. one reason investors are nervous these days is the growing number of large u.s. companies issuing profit warnings. as erika miller reports, even though the third quarter reporting season is on