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 >> 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. >> be more. pbs.

: hi, scott. >> how you doing, susie. >> susie: good, thank you. let's begin with what is the most important job on christine lagard's to do list. >> she's got quite a list of thing to do and first is greece and contain problems and she comes at a period of time when you have a feeble and uneven economic recovery on the global basis and has to restore to some degree of morale to the imf but greece is very much front and center. >> susie: now lagard has a reputation of coming up with solutions under pressure. do you think she'll come up with a unique way to solve this complicated greek process. >> the importance she brings to the table is a willingness to roll up her sleeve and get involved in the process. she already knows most of the players involved having served that's finance minister of prance since 2007 so she comes into the process knowing all the players both in the banking side who will have to be involved as well that's governments. so i think her unique aspect is she won't have to be a quick study. she's already there. >> susie: now in g

come on, susie. you know that. >> susie: i plead guilty on type a., and a messy sock drawer. >> tom: so noted. that's "nightly business report" for thursday, june 23. i'm susie gharib. good night, everyone, and good night to you, too, tom. >> tom: good night, susie. i'm tom hudson. good night, everybody. 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. 

hi, jim. >> hi, susie. >> susie: let's get right to it. a lot of people are saying what does this mean to me. what would you say? >> well, what i would say is that if greece were to default, it's not only would affect the financial system and the banks and the liquidity in europe, it would negatively impact their economies, it would flow right back to the u.s. financial system and the u.s. economy. so it matters a lot to us if greece defaults or if other countries, other peripheral countries end up defaulting. >> susie: and another thing a lot of people might not realize is that their money market investments, many of them, money market funds, are invested in european banks which have made loans to greece. so the question is, how safe or how vulnerable are those money market investments? >> well, left to their own they would be vulnerable, because if greece defaulted there would be a lot of banks that would have capital hits, and there's a question as to whether they would be able to repay their money market loans to the united states. but

>> susie: u.s. government bond prices continue soaring as investors grow worried about another slowdown in the u.s. economy. can the bond rally continue? >> we think the rally is a bit long in the tooth. there still could be some movement down in yields, but we don't think it's the great investment out there. >> tom: key to kick-starting the economy? jobs and getting the long-term unemployed back to work. how to get back in the game after six months or more on the sidelines. you're watching "nightly business report" for tuesday, may 31. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. a bullish day for bonds today. u.s. treasury prices spiked higher on worrisome housing data. investor demand for treasuries pushed the yield on the 10-year bond down to 3.05%, its lowest level this year.

you, too, susie. >> susie: good night, tom. i'm susie gharib. we'll see all of you again tomorrow evening. "nightly business report" is made possible by: this program is 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

nice to be here. >> susie: so bill you've been very busy. you've been tweeting and on twitter and have a lot of people following what you're tweeting and i'd like to start with one of the ones that caught everyone's attention. you said recently the fed will stress extended period of time language or even a period of interest rate caps. you just heard our report about interest rate caps. will it really make a difference to help the economy if the fed goes that way. >> i think ultimately it would, susie. it's importance in quantitative easing programs to help asset prices that's been ben bernanke's main objective and the least controversial way is to keep interest rates at current level and that's what the call an extended period of time but historians and others like you just spoke to have also noted that over the past century more formal caps or ceilings have accomplished the same purpose. i think ultimately if the economy deteriorates we might just see a new form of quantitative easing three in the form of cap but not tomorrow. >> susie: yo

susie, the uncertainty about greece's financial problems was a big factor. >> susie: and tom, even though there was some encouraging news today about the u.s. housing market and jobs, investors were still jittery. here's how things looked at the close: the dow rose 64 points, the nasdaq lost almost eight, and the s&p 500 added more than two points. as for volume, just over a billion shares moving on the big board, and just under two billion on the nasdaq. >> tom: the volatility in the markets is raising the question: is this the beginning of a new bear market, or is this a correction? erika miller reports. >> reporter: remember the teflon stock market, where no concern seemed to stick? now it's been replaced by velcro. veteran strategist phil dow says any concern is seen as an excuse to sell. >> it's easier to scare people than it is to make them confident, and right now, it's a scary time. >> reporter: the dow and the s&p 500 have dropped 7% from their april 29 highs. the nasdaq and the russell 2000 have been hit even harder. strategist andrew burkly says the market is in the midst of a

you, too, susie. >> susie: good night, tom. i'm susie gharib. we'll see all of you again tomorrow evening. "nightly business report" is made possible by: this program is 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  uh, sometimes, yes. okay. i'll tell you what we'll do. i'm not a gambler. i was once told to take a bet on the grand national, and i lost, and i thought, "well, this is ridiculous. - there goes £10. i'm not doing this again." - mm-hm. but, i will make an exception. this has just come out of my pocket-- what have we got here? 20, 40, 60, 80... there's about £100 there. i bet you £100 you haven't had these for very long. you would be correct. you owe me 100 quid. the best-- quickest 100 quid i've ever earned. now let me tell you. you've been going either round fairs - or auctions? - yes. not recently. it was something i did about four to five years ago... - yeah, and you add to it... - ...when i g

tom, you too. >> tom: you too, susie. thank you for joining us and we hope to see awe back here 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 >> more information about

i'm susie gharib. have a great weekend everyone, and you too, tom. >> tom: good night susie. i'm tom hudson. good night everyone. 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. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

>> susie: better news out of greece gives u.s. stocks a better day, but stock traders are still worried. >> we've had a very successful run-up in our market in the last year and a half, but any headline that comes out of greece that shows the country has the possibility of defaulting would truly have a global economic effect. >> tom: from greece to wall street, we wrap up a rocky week in the markets. it's "nightly business report" for friday, june 17. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening, everyone. sighs of relief by investors all around the world today on news of a rescue plan in the works for greece. jittery financial markets stabilized after germany finally agreed to a compromise deal to resolve the economic problems in greece. u.s. stocks finished mixed for the week, but the dow and the s&p snapped a s