: and i'm susie gharib. this is "nightly business report" for monday, august 10. "nightly business report" is made possible by: this program was made possible this program was made possible by contributions to your pbs station from viewers like you. thank you. >> susie: good evening, everyone. recession or recovery? that's a key question that fed policymakers will be debating this week. they begin a two-day meeting in washington tomorrow, to decide what's next for the economy and interest rates. many economists have already declared that the recession is over and that the u.s. economy is on the path of recovery. but as scott gurvey reports, even the experts have lots of questions about the central bank's next move. >> reporter: fed watchers would like answers to three questions when the central bank concludes its august meeting on wednesday. first, they want to know abo plans to raise interest rates. second, they want to know if the fed thinks the economic recovery is real. and finally, they want to know if

: and i'm susie gharib. this is "nightly business report" for tuesday, august 18. "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. you can cross inflation off your worry list. a new report today from the labor department shows that producer prices, a measure of wholesale inflation, fell almost 1% in july, much better than expected. the so called core rate dropped unexpectedly by 0.1%. at least for now, the data is reassuring news for people concerned that inflation could make a comeback. erika miller reports. >> reporter: salad greens are costing a lot less green at the wholesale level. falling produce prices are one reason producer prices fell sharply last month. but economist steven whiting says most shoppers probably won't notice a difference at the checkout. >> in food, it's very interesting, that the more your process it, the more stable the prices are. that you absorb fo

we'll explain in tonight's stocks in the news. >> paul: i'm paul kangas. >> susie: and i'm susie gharib. this is "nightly business report" for wednesday, august 12. "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. the federal reserve said today the economy is quote "leveling out," and stocks rallied on wall street. the central bank wrapped up a two-day meeting leaving its key interest rate unchanged at zero percent and signaled that the u.s. economy is beginning to recover. as suzanne pratt reports the decision was unanimous. >> reporter: the super low interest rates americans have been enjoying are likely to stay with us for a while longer. wrapping up its policy meeting, the federal reserve left the benchmark short-term rate close to zero percent, saying economic conditions warrant it. economist steve ricchuito says the fed is not telegraphing when it will raise rates, but he has his own guess. >> our personal bet is that we won't see any real movement

: and i'm susie gharib. this is "nightly business report" for wednesday, august 5. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. 7//& >> susie: good evening, everyone. the big question about the economic recovery is when will american businesses start hiring again? more than 6.5 million people have lost jobs since the recession began. on friday, the labor department reports on unemployment for july. and today payroll processor adp said the nation's businesses cut 371,000 jobs last month the 18th straight month of declines. as darren gersh reports, it's going to take a lot longer than 18 months to get things back to normal. >> reporter: the great recession has torn through the american workforce at an alarming rate. 6.5 million jobs lost so far. but economist heidi shierholz says the pain goes even deeper. >> over those 18 months of the recession, we should have added 2.3 million jobs to keep up with populat

: and i'm susie gharib. this is "nightly business report" for friday, august 21. "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 >> susie: good evening, everyone. ben bernanke said today the prospects for economic growth in the u.s. appear to be "good," and those comments triggered a stock market rally. speaking at a conference in jackson hole, wyoming, the federal reserve chairman gave a more upbeat forecast compared to the fed's statement last week after a central bank policy meeting. but bernanke also warned of "critical challenges". specifically, bernanke said financial firms face "significant losses," businesses and consumers are experiencing difficulty in getting credit, the economic recovery will be "relatively slow," and he expects a gradual recovery in unemployment. bernanke defended the actions taken by the fed during the financial crisis, saying they averted an "imminen

susie: and wt is ahead? >> well i think wre lookingt five years o much slow growth than we saw befor the finanal crises. there's so many allenges. home pces. i don't think they're bouncg back i ca i consumptions going to be aeak for long time d with this debt taxes is going ve to go up. with all tse new programs taxes are ing up and that's not gd for growth eithe i see aeriod much slor grth leaving us vulrable to a receson down the road sooner than we mht normally expect. >> susie: so mark will you tackle some o those whether it's houng or gwth. >> i agree with ken over the xt 6-12 months the economy is going to struge coming out of recession but growg slowly. i'm more ccerned abo the long term in 2011 and 20 the empediments to growth will stay away. the financial system i serious but we will overcome them. the policy efforts is quite god and other instoons willxtend more credit. in hd sectors of the economy like housing and the vehicle instry the level of aivity is incredibly low. the housing construction i

: and i'm susie gharib. this is "nightly business report" for tuesday, august 25. "nightly business report" "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. president obama gave ben bernanke a vote of confidence today, nominating him to a second term as chairman of the federal reserve. speaking from martha's vineyard, where he is vacationing, the president praised bernanke for his "calm and wisdom" and "bold action" in rescuing the u.s. economy. bernanke's current term at the fed ends in january. his nomination still needs to be confirmed by congress. but today, the fed chairman promised to continue work to restore stability in the economy and the markets. >> we have been bold or deliberate as circumstances demanded but our objective remains constant, to restore a more stable financial and economic environment in which opportunity can again flourish and in which americans' har

we'll tell you why. >> paul: i'm paul kangas. >> susie: and i'm susie gharib. this is "nightly business report" for monday, august 3. "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. a management shake-up and a $33- million s.e.c. settlement at bank of america today. the banking giant paid the fine to settle a complaint it misled investors about billions of dollars in bonuses paid to top executives at merrill lynch after b-o-a bought the brokerage. the bank also shuffled its senior managers hiring former citigroup executive sallie krawcheck to run b-o-a's global wealth management unit. that puts kracheck firmly in the race to succeed c.e.o. ken lewis. we begin our coverage with darren gersh and more on that s.e.c. fine: >> reporter: if a statement could breath a sigh of relief, you'd have heard it from bank of america today. the company did not admit or deny the securities and exchange commission's charges, but a bank spokesman c

: i'm susie gharib. this is nightly business report for use it, august 11th. this program was made possible by contributions to your pbs station from viewers like you. thank you. 7//& captioning sponsored by wpbt >> susie: hazardous to the economy's health. that was the warning today from the congressional watchdog monitoring the government's bailout of the nation's banks. according to a report from the congressional oversight panel, banks still have plenty of problem loans on the books and that could threaten the economic recovery. how bad is this situation? stephanie dew talked today with the panel's chairwoman, elizabeth warren. >> how vulnerable is the financial system to the toxic assets? >> what's vulnerable -- it's vulnerable in two ways, first, most of the toxic acids -- assets that were there in october are still there with all the implications in terms of as they don't pay off, they run the risk of bringing the banks down. the second is so long as these assets remain on the bank's books, every

: and i'm susie gharib. this is nightly business report for friday, august 28. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. t 7//& >> susie: good evening everyone. people didn't earn more money in july, but they spent a bit more and economists welcomed the news. the small pop in spending, just 0.2% is thanks to the "cash for clunkers" program. personal income was unchanged last month according to a report today from the commerce department. the big question now is whether frugal consumers will keep spending, even when the government's stimulus programs end. scott gurvey reports. >> reporter: it was quiet today at the hyundai dealership in jersey city. when you dig beneath the headline that said consumer spending was up in july, you quickly discover that without the cash for clunkers program, spending was flat. in fact, spending on non-durable goods declined for the month indicating that consumers buying ca

susie: and i'm susie gharib this is "nightlyusiness report" r tuesday, august 18. "nightly business report" is made possib by: this program wasade possible contributions to your pbs station from viers like you. ank you. >> susie: goodvening, everyone u can cross inflation off yo worry list. a new reportoday from the labor departmenthows that producer prices, a msure of wholesale ination, fell almost 1% in july, ch better than excted. e so called core rate droppe unexpectedly by 1%. at least f now, the data is reassuring news for people concerned that inflaon could make a comeback. erika miller reports. >> reporter: salad greens e costing a lot ss green at the olesale lel. falling oduce prices are one reason producer prices fel sharply last mon. bueconomist steven whiting says most shoppers probly won't notice difference at the checkout. >> in food, 's very interestg, that the more your process it, the mo stable the prices are that you absorb food comdity prices in the margins. but thers a little bit of pass through, so we've en seeing me unusual if modest roll ba i

but he says orders are starting to pick up. >> paul: i'm paul kangas. >> susie: and i'm susie gharib. this is "nightly business report" for thursday, august 27. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. 7//& >> susie: good evening everyone. there are now more than 400 american banks on the government's so-called "problem list". that's the biggest number in 15 years. but don't worry, your money is still safe. the federal deposit insurance corporation said today the fund that insures your money can still cover any losses. that fund is shrinking: down 20%. as darren gersh reports many analysts are concerned taxpayers could eventually be called on for yet another bailout. >> reporter: even though its deposit insurance fund is dwindling, chairman sheila bair says the f.d.i.c. can manage its way through the financial crisis. >> a decline in the fund balance does not diminish our ability to protect insured depositors. the f.d.i.c. was created specifically for times such as these. our re

susie. >> susie: paul, oil prices tumbled almost 4% today on those worries >> susie: paul, oil prices tumbled almost 4% today, on worries about china's economic recovery. in new york trading, october crude futures fell $2.78 to $69.96 a barrel. china is the world's second largest oil consumer, and until the recession hit, its appetite for fuel was driving economies around the globe, including cambodia. as ryan maelzer reports, the global slowdown has raised doubts about cambodia's plans to tap recent finds of oil and gas. >> reporter: strong demand from the u.s. and e.u. had been keeping cambodia's sewing machines working at full tilt. but in the past year, garment exports to those markets have slumped, costing thousands of workers their jobs. arjun goswami of the asian development bank says it's a huge blow for a country that still relies on foreign aid for close to half the government's budget. >> this is an open economy, it's a small economy, and it's not very diversified, so there have been serious impacts. >> reporter: with tourism also hit hard, cambodia had hoped it would start

i'm susie gharib. goodnight, everyone. you too, paul. >> paul: goodnight susie. i'm paul kangas wishing all of you the best of good buys. "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

you too, susie. >> susie: good night, jeff. i'm susie gharib. we'll 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 we are pbs. caption test caption test caption test

: and i'm susie gharib. this is "nightly business report" for wednesday, august 19. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. 7//& >> susie: good evening everyone. the internal revenue service today lifted the veil of secrecy on a major swiss bank. the names of 4,500 americans with accounts at u.b.s. were handed over to the taxman. those clients are suspected of hiding their assets and evading u.s. taxes. at one time, those accounts held more than $18 billion. a tentative deal was reached between u.b.s. and the i.r.s. last week. but the details weren't made public until now. irs commissioner doug shulman says the agreement sends a strong message to all americans, including tax cheats. >> we will use all of the enforcement tools at our disposal to pursue you. for honest hard working everyday americans. school teachers, firemen, policemen who pay their taxes. the message is also there. wealthy people can'

i'm paul kangas. >> susie: and i'm susie gharib. this is "nightly business report" for thursday, august 6. "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. a more upbeat projection on the job market from two wall street powerhouses. goldman sachs and deutsche bank sharply revised their forecasts on the number of jobs lost american businesses cut in july, a day before the government releases its report. deutsche bank now expects 150,000 jobs were lost last month. goldman is expecting 250,000. over the past eight months, the labor department has been reporting monthly job losses of more than half a million. this could be welcome news for the obama administration, but white house economist christina romer says it is still not enough. >> we do know we are going to lose jobs almost surely tomorrow. that's hundreds of thousands is, you know, what the market expectation is. so the important thing to say is,

nice to see yoon the program agn. >> thank you, susie, good to be with you. >> susie: is ben bernanke right about the economic outlook? >> well, i hope so. and probay. i ink there's a go chance we'll get positive g.p. number for the current quarter, primarily, though,ecause of inventory rebounds and thcash for clunrs. i'm not real confident that tha can be sustaid. i think the consumeras real headwinds that hs facing, and if he's going to be doing any saving ithe future, consumption'going to be weak r? time. so if we start a recovery, i think 's going to be a weak recovery, and it cld be a false srt. >> susieare you saying that you do t agree with bernanke's assessment that the u.s. economy is comin out of the recession? >> i think is-- it's aut to emerge. whether it's goingo emerge stngly enough fort to be sustainable is-- what i worry abou >> susie: well, lot of the anothehere, because you were talkinabout the consumer, has to do withnemployment, and, you know, people wt to know wh is hiring going to begin in a big way. today, bernanke says that tre will be a gradualecline in the em

susie: i'm susie arib. this is nitly business report for use it, august 11th. th program was made possible by contributns to your pbs station from viewers likyou. thank you. 7//& captioning sponsored bwpbt >> susie: hazardous to the econy's health. thatas the warning today from the congressional watchdog monitori the government's bailout of the tion's banks. according to report from the congressional oversht panel, banks still have plenty problem loans on thbooks and thatould threaten the economi recovery. how bais this situati? stephanie dew talked today with the panel' chairwoman, elizabeth rren. >> how vnerable is the financial stem to the toxic asse? >> what's vulnerable -- it's vulnerable in two waysfirst, mostf the toxic acids -- assets th were there in oober are still thereith all th implications terms of as they n't pay off, they run the risk ofringing the bank down the seconds so long as these assets remain onhe bank's books, every time they get capil in, they use it as sort of a hedge agnst those assets rather than turni around and lending that capita

: and i'm susie gharib. this is "nightly business report" for wednesday, august 19. "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. an unwelcome surprise for the u.s. economy today, as more americans filed for jobless benefits. the number of claims jumped by 15,000 to a seasonally adjusted 576,000. most economists had expected a drop. the report raises questions about the economic outlook and the strength of the recovery. >> susie: while those unemployment claims rose last week, not every out-of-work person is eligible to receive benefits. as stephanie dhue explains, there are many categories of who can and cannot get financial help. >> thank you. >> reporter: out of work since june, james phillips is now watching his sister's kids to help make ends meet. after working for a church for two years, he found he wasn't eligible for unemployment benefits, even though he had worked

i'm susie gharib. good night, everyone, and ve a great weeken you, too, paul. >> paul: and you as wellsusie. i'm paul kangas,ishing all of yothe best of good buys. "nightly business reportis made possie by: is program was made possible by contributio to your pbs station from viewers le you. thank you. caioning sponsored by wpbt captiod by media acss group at wgbh access.wgbh.org we are pbs. >> we are pbs

i'm susie ghib goodnight everne. and good nig to you paul. >>aul: goodnight susie. i'm paul kangas wishing all of you the besof good buys. "nightly busess report" is made possible by: this program was made possib by contributns to your pbs station from viewers likyou. thank yo captioning sponsored bwpbt captioned media access group at wgbh access.wgbh.org

z-z4h5z-54zz--z4h5j5j5u65-z4h5- and those are the stks in the news tight, susie. >> susie: accused poi schemer allen anford was taken to a texas hospital. he's being treated for an irregular heart be and a high puls but the chiefinancial officer of stanford financial group of stanford finaial group did apar in court today. james vis pleaded guilty in connection wh that alleged poi scheme. heow faces up to 30 years in prison for conspiracand fraud. before being aested, stanford plied that davis was responsible for the fraud. both men and other executiveof the now-defuncstanford financial group e accused of advising clients tbuy $7 billion in bogus certicates of depot, then creating false records to inflatehe firm's assets >> paul: tota is pulling the plugn a plant it once shared with general motors. thautomaker announced today thatt in march it will shut do production at the new united motor manufacturi facility. the fremont california pla employees 4700 wkers. it's toyota's only pnt where workers are emoyees of the united auto workerunion. in je, general motors cut its operational ties

you too, susie. >> susie: good night, ff. i'm susie ghib. we'll see alof you again next week. "nightly business port" is madeossible by: is program was made possible by contributio to your pbs ation from viewers like you. thank you. captioning sponsored bwpbt captioned by media access group at wg access.wgbh.g we are pbs.

thank you. 7//& >> susie: good eveningveryone. the inteal revenue service today lifted the veil of seccy on a major swi bank. the names 4,500 americans th accounts at u.b.s. were handed over to the tman. those clients arsuspected of hidi their assets and evading u.s. taxes. one time, those accounts he more than $18 biion. a tentative deal w reached between b.s. and the i.r.s. last week. buthe details weren't made public until now. irs coissioner doug shulman says the agreement sends strong message tall americans, inuding tax eats. we will use all of the enforcement tools at o disposal to purs you. for honest hard workg everyday americs. school teachers, firem, policemen who y their taxes. the message is ao there. wealthpeople can't skirt the rules and hide assets. were going to insure that everyone pays their fa share of taxes. >> susiespeaking of fair shar, late this afternoon, the swiss government annnced its selling s stake in u.b.s. e swiss hope to recoup more an $5.5 billion on that sale anchanges are coming tomorrow for amer

>>usie: and i'm susie gharib. this i"nightly business report" for thursday, august. "nightly business rert" is made ssible by: this program was me possible byontributions to your pbs station from viewe like you. thank u. >> susie: good eveni, everyone more upbeat projection on th jomarket from two wall street powerhouse goldman sachand deutsche bank sharply vised their forecasts on the number of joblost american businesses cut july, a day before the goverent releases its rept. deutsche bk now expects 150,000 jobs were st last month. goman is expecting 250,000. over the past ght months, the labor departmentas been reporting monthly job loes of more than half a milli. is could be welcome news for the obama adminiration, but white hoe economischristina romer sayst is still not enough. >> we do know we areoing to lose jobs almo surely tomorr. that's hundreds of thousandss, you know, what the mart expectatiois. so the impornt thing to say is, 250,00is a terrible number. so what we're ally looking for is that wonderful y when it actually turns positiv susie: we'll have mor

h5z4h5z-54zz--z4h5j5j5u65-[4z4- and those are the stoc in the news tonht, susie. >> susie: accused ponzschemer allen stford was taken to a texas hospital. he's being treated for an irregular heart beatnd a high pulse. but the chief nancial officer stanford financial group of stanford financl group did appe in court today. james das pleaded guilty in connection witthat alleged ponzscheme. he n faces up to 30 years in prison for conspiracy d fraud. before bei arrested, stanford implied that davis was responsible for the frd. th men and other executives the now-defunct anford financial group araccused of advising clients to y $7 billion in bogus certifites of deposi then creating false records to inflate t firm's assets. >> paul: toya is pulling the plug oa plant it once shared with general motors. the tomaker announced today that iin march it will shut downroduction at the new united motor manufacturing facility. the fremont california plant employees 4700 worrs. it's toyota's only pla where workers are emplees of the united auto workers ion. in jun general motors cut its operational ties there

i'm susie arib goodnight,veryone and good nit to you, paul. >> paul: goodnig, susie. m paul kangas wishing all of you thbest of good buys. "nightly business reportis made possie by: this programas made possible by contributions to your p station fromiewers like you. thank you. >> are pbs. captioning sponsoredy wpbt captioned by media cess group at wgbh access.wgbh.org

thank you. 7//& >> susie: good evening eryone. the intern revenue service day lifted the veil of secre on a major swissank. the names of,500 americans wi accounts at u.b.s. were handed over to the taxn. those clients are spected of hidingheir assets and evading u.s. taxes. atne time, those accounts held more than $18 billn. a tentative deal waseached between u.s. and the i.r.s. last week. but e details weren't made public until now. irs commsioner doug shulman says the agreement sends a strong message to l americans, incling tax chts. >>e will use all of the enforcement tools at our disposal to pursueou. for honest hard workineveryday american school teachers, firemen policemen who patheir taxes. the message is alsthere. wealthy ople can't skirt the rules and hide assets. we a going to insure that everyone pays their fairhare of taxes. >> susie: eaking of fair shareslate this afternoon, the swiss government annoued its selling itstake in u.b.s. thswiss hope to recoup more th $5.5 billion on that sale. and anges are coming tomorrow

susie: that's "nightly business rort" for thursday, august 2 i'm susie ghib goodnight, eryone and good nighto you, paul. >> paul: goodnightsusie. i'paul kangas wishing all of you the st of good buys. "nightly business report" made possiblby: this program w made possible by contributions to your pbs station from vwers like you. thank you. >> were pbs. captioning sponsored bwpbt captioned by media acss group at wgbh access.wgbh.org norec

thanyou. t 7//& >> susie: good eveningveryone. people didn't ea more money in ly, but they spent a bit mor and economists wcomed the news. the small pop in snding, just 0. is thanks to the "cash for clunkers" program. personal income waunchanged last month accordi to a report today from theommerce department. the big question now iwhether frugal consumers will ep spending, even when th government'stimulus programsnd. scott gurveyeports. >> reporr: it was quiet today at the hyundai dealershiin jersey city. when you d beneath the heline that said consumer spending was up in jul you quickly discer that without the cash for clunkers progra spending was fla in fact, spending on nonurable goods decled for the month indicating tt consumers buying cars c other spending to keep within their budget. ecomist julia coronado believes that behavior wil continue. >> there much less willing to spend freely. everything is pland out and carefuy executed so i think we are ablutely in a new normal and i dot know how long that will last. buit will def

mark and susie, thanks so much. appreciate it. >>> of course, we have been telling you this hour about a tropical storm that is churning toward the florida panhandle. jacqui jeras, our meteorologist is in the cnn weather center. this is what really caught your attention today? >> absolutely. the storm is hours away from landfall and feeling the impact as we speak. the 5:00 advisory just came in a little bit early and we have got some significant changes. the latest on claudette, bill and ana, all coming up right after this break. we're shopping for car insurance, and our friends said we should start here. good friends -- we compare our progressive direct rates, apples to apples, against other top companies, to help you get the best price. how do you do that? with a touch of this button. can i try that? [ chuckles ] wow! good luck getting your remote back. it's all right -- i love this channel. shopping less and saving more. now, that's progressive. call or click today. hot! hot! hot! time to check your air condition

. >> susie: mewhile, chrysler creditors are suing daimr ag for billionsf dollars. they're accusing t german automaker of strping chrysler of assets before selling it

veterano de sus miembros, el senador... demócrata por west virginia, vino de silla de ruedas a dar susiey fue el senador ted kennedy que está delicado de salud. y siguen dos ceremonias de juramentación para la jueza presidida por la corte de suprema john roberts una en el edificio de la corte y otra en la casa blanca. será embestida en el tribunal, en el mismo salón donde escuchan los casos. la jueza, que reemplaza al juez david... entrara en función en una sesión especial de la corte el 9 de septiembre. jorge. >>> la mayoría de los hispanos puertorriqueños o no puertorriqueños apoyaban ah@tw] 31 republicanos votaron en contra ella. ¿qué consecuencias políticas puede ocurrir con esto?. >>> hay estrategas hispanos del partido, señalan que esta confirmación es motivo de orgullo para los mayoría de los hispanos y han tomado un serei riesgo al oponerse a ella como dar por perdido a los hispanos que votaron 2 a 1 por el presidente o. y que van a perder un bloque político clave y que los latinos conservadores no necesariamente la apoyan. y así todo, la presidenta del consejo nacional de la raz

susie gharib is assignment. th is "nightly business report" for wednesda august 26. "nightly business rert" is made ssible by: this progr was made possible by contributions to yourbs station from viewers le you. thank you. >> jeff: good evening,veryone. a much bigger increase tn forecast. les of new homes jumped 9.6% in july. coulit be the housing market is turning? scott gurvey rorts. >> reporter: it was the urth straight month of increasenew ho sales and although this is a number with a wide mgin of error, it did encoure those who see a bottom in hoing. beth ann bovino of staard and poor notes there has also been increased ying of distressed properties and exiing homes. >> those homeowners we actually free to move and acally buy something sewhere. so you're starting to see it trickle through. will it ntinue through next year? ll, we do expect that is something thats going to see some..basically get some stabity and continue through next yea although we're not expecting any ki of blockbuster salethrough this year or the next. it's just somethg that we'll slowly clim

susie ghar is off tonight. this is "nightly busins report" fothursday, august 13. "nightlyusiness report" is made possible by: this progr was made possible by contributions to yourbs statn from viewers like you. thank you. >> suzanne: go evening, everyo. toy is the deadline for seven lae companies to submit their executive compensation planso the obama admistration's pay ar. tomoow, kenneth feinberg will begin reviewing the pay plan for the rms still on government life suort, including tigroup and g.m. feinberg has 60 days taccept or reject e proposals. joining me now wh his thoughts on the hotopic of executive compensaon is charles elson. is a professor at the university of delaware and director of thweinberg center for corporate governance. lcome to the program. >> gd evening. good tbe with you. >> suzanne: you don like this ideaf the pay czar? tell me why you feel that way? >> you hav totart with the term itself. czar isn't exaly a u. buness term. it connos somethingomeone fr the top dow telling folks how they should pay people. really up to the corporaon, it st

susie gharib is off tonight. this is "nightly business report" for friday, august 14. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. >> jeff: good evening, everyone. call it a case of the summer blaahs. the consumer blues. or too much red ink on household balance sheets. the result: a surprising drop in early august consumer sentiment. as scott gurvey reports, americans are still too worried about jobs to hit the mall. >> reporter: it's been said many times, happy consumers spend and unhappy consumers keep their money in their pockets. or even worse, in a bank. so the markets greeted with disappointment the news that consumer sentiment fell in the first part of august. cary leahey of decision economics notes the decline in sentiment defied expectations. >> it would make sense that since the number of people applying for unemployment insurance benefits have dropped 100,000 workers in a couple of months, that would be reflected in consumer confidence and sentiment and th

wanted it because of the way the bills are written, big companies can't partake in this program so for susie the public option isn't going to mean much. >> that's a great explanation. it means different things for everyone. what else is getting a lot of attention this week is health care cooperateives. many people had never heard of them before. what are those? can you explain how a health care co-op would work? >> right. people haven't heard of them because there are only a few across the country. let's take a look at what the characteristics of a co-op are. first of all, it is not a private insurance company. it is a nonprofit organization. the patients elect a governing board and there are tens of thousands of members. they don't have the need to turn a profit in the way big companies do. i called the two biggest co-ops in the country. there is one in seattle and one in minnesota. i said, there are 46 million uninsured people and co-ops are getting a lot of attention. will co-ops help the uninsured? both of them said no, not necessarily. we still charge premiums. we charge premiums that a

susie gharib is off tonight. this is "nightly business report" for monday, august 17. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. >> jeff: good evening, everyone. stocks tumbled today as a global sell-off spilled over to wall street. dragging the global economy lower. on wall street, the selling was broad and deep, the dow dropped 186 points, nasdaq fell 54 and the s&p 500 lost 24. worries about the recovery and consumers' willingness to spend has some wondering the summer rally is over. erika miller gets some answers. >> reporter: these may be the dog days of summer. but man's best friend isn't the only one trying to beat the heat. stocks are also taking breather. after a steamy summer rally that sent the s&p 500 up 15% in a month. the bulls say it's just a temporarily lull. s&p's sam stovall sees more than 20% upside for the s&p 500 from here, although he won't give a timeframe. >> i think there's a combination of both fear of missing out on the rally. and an econ

because i got it back, my wife susie is with me today. you know, in addition to our racing we travel all over the country and speak to pain patients and doctors about the treatment options that are out there. and it was as a result of these experiences is what allowed us to accept your invitation to be here today to talk about this. i think it's a very important issue. and during these, we've talked to many of our veterans coming back from conflicts in iraq and afghanistan. i do know how hard it is to seek out treatments and how scary it can be. and the technology i had implanted in 2005 was absolutely cutting-edge technology. was it risky? it was. did i understand that the technology may not work? i absolutely did. did my doctor sit down and express to me not only all the risks of a normal operation but the risk of this product? we positively did. you know, part of our call to action was, what if congress had enacted this medical device safety act back in 2000? for me and my family, it would have been game over. it really does scare us t

virus, they're less hygienic, and they're very enthusiastic about kissing mom, dad, grandma, and aunt susie. they're the great distributors. >> reporter: the timetable change means even some high risk individuals will have to wait an extra month before getting their h1n1 shot. but the good news is production of the seasonal flu vaccine won't be affected at all. seasonal flu kills 30,000 americans every year. i knocklations have already begun in parts of the country, and officials say that supply is fully stocked. expect the vaccinations to start around october 15th. they'll just be smaller in scale than originally planned as the supply trickles in. >> susan roberts in washington. susan, thanks. >>> scientists in israel say they've created fake dna evidence by manipulating hair and blood samples. some lawyer say that could damage dna testing as the ultimate standard of proof. a researcher tells "the new york times" it's now possible, in his words, to engineer a crime scene. >>> on the cbs healthwatch, sleep apnea. millions of americans don't get a good night's sleep because of this disorder.

susie gharib ioff tonight. this is "nhtly business report" for friday, aust 14. "nightly business report" is made possibley: th program was made possible byontributions to your pbs station from viewers like u. thank you. >> jeff: gooevening, everyone. call it a casef the summer aahs. the consumer blues or too much d ink on household balance sheets. the result: a surpsing drop in early gust consumer sentiment. ascott gurvey reports, americans are still too rried out jobs to hit the mall. >> rorter: it's been said many times, hap consumers spend and unhappy consumers keep tir money in theirockets. or even woe, in a bank. the markets greeted with dippointment the news that consumer stiment fell in the first part of augu. cary leahey of decision economs notes the decline in sentiment defied expections. >>t would make sense that since the number of people applying for umployment insunce benefits have dropped 100,000 workers in a coue of monthsthat would be reflected in consumer nfidence and sentiment and those nuers woulstart getting better. buyou did not and i think