>> great question, susie and i think you framed it perfectly. i don't think this is a time to make stratec changes. the key istick s to the plan. my biggest concern is investors will go to cash, which i think by the way is the most risky thing you can do because that's a sure way of not meeting your goals in the long way to retirement. you can't get there with 1.7% analyzed return which is what you have on cash. you have to stay invested and stay the course. >> look at the second and third largest economies in the world and get your perspectives on china and what is going thereon and then japan. >> sure, it's the inverse for both. for china, right now, they will have short-term pain that's self-inflicted as they try to address credit concerns and growth they have had over the last couple years. that's actually going to help them as an economy not have to address bigger issues down the road. if you look at japan, i'm concerned in the long-term considering they have a significant amount of leverage at the government level and are trying to generat

susie gharib has the night off. we begin with more good news about housing, specifically rising home values. the s&p home price index for may showed home prices in the nation's 20 largest cities rose 2.4% from april. that's the largest year over year increase in prices since 2006 before the start of the housing crisis. home prices in denver and dallas are now at their highest levels since the year 200. survey director robert shiller, an economics professor expects the home prices to keep on hitting higher. >> for a short-term investor there is a more sure thing in the real estate market. i think when it's up 12% in a year and it's uniform -- well, somewhat uniform across so many different cities, it's probably going to go for another year. >> well, those rising prices are likely on the mind of federal reserve chairman ben bernanke as he arrived at the central bank. the fed is expected to keep the short-term interest rate close to 0% for the foreseeable future. what wall street really wants to hear is when the centra

susie gharib is off tonight. the day after the largest municipality in the bankruptcy history and today, the reality how bad things are in detroit and how bad they can get. how much will bondholders recover and what about the pensions of current policemen, firemen and other city workers? the unknowns with the growing number of lawsuits being filed, they will likely take years to shake out. brian sullivan is on the ground in detroit where city and state officials are hoping this drastic move will save the city. >> for years detroit is living on borrowed money and time and now it seems the city may have run out of both. detroit filing the largest municipal bankruptcy in the united states listing billions in obligations, hundreds of millions in deficits and 100 thousand or more creditors. they blame the declining population, which sent the population down by more than half over the last 50 years and with it a declining tax base. in a 77-block area, just one home per block on average is paying taxes, and there are mo

i'm bill griffin in for tyler mathisen with susie gharib. there may not be a lot of celebrating at yahoo this evening. it's the one anniversary of marissa mayer taking over the top job and aft close, the company posted a beat on second quarter earnings, however, they did miss on revenues and the big concern turned out to be the warning for the third quarter. there is more from the nasdaq tonight, sema. >> reporter: yahoo's second quarter revenue is short of expectations at $1.07 billion and that's primarily due to a drop in it's display advertising revenue. yahoo's earning at 35 cents a share beat street expectations by 5 cents. the third quarter outlook disappointed the street when we saw shares move to the downside. pvc partners saying yahoo is facing challenges. a couple points made on the conference call on the tumbler acquisition, yahoo says the acquisition is expected to grow yahoo's audience to more than 1 billion monthly visitors. marissa mayers says quote i'm encouraged by yahoo's performance. our continued stability and we launched

i'm susie gharib. >> i'm phil griffiht. have a great night. >>> nightly business report has been brought to you by. >> sailing through the heart of historic cities on a river, you get close to iconic landmarks, to local life, to cultural pressures, viking river cruises, exploring the world in comfort. >>> welcome to "newsline." it's thursday, july 18th. i'm catherine kobayashi in tokyo. >>> cuban officials have admitted that a stash of weapons found on a north korean cargo ship came from their country but they say the soviet era arms were being sent to the north to

i'm susie gharib. >> i'm phil griffiht. have a great night. >>> nightly business report has been brought to you by. >> sailing through the heart of historic cities on a river, you get close to iconic landmarks, to local life, to cultural pressures, viking river cruises, exploring the world in comfort. % . >>> this week we are at the national cemetery. officers from the battle of little big horn and a general who helped to save san francisco from burning to the ground. those are just a few of the heroic people who have been buried here. we will meet someone in afghanistan and we will look at the buffalo soldiers, many of whom are buried right here. we have a lot of interesting stories to share and

i'm susie gharib. >> i'm phil griffiht. have a great night. >>> nightly business report has been brought to you by. >> sailing through the heart of historic cities on a river, you get close to iconic landmarks, to local life, to cultural pressures, viking river cruises, exploring the world in comfort. >>> tonight on "quest" -- if you think that bats are scary or ugly, you haven't talked to the people who have made it their life's mission to study and care for them. "quest" rediscovers these unique mammals through the eyes of four northern california bat lovers. >>> and renewable energy is hot, but there's one type of clean energy that provides more electricity to california than all the solar and wind power combined. >>> major funding for quest is provided by the national science foundation and the corporation for public broadcasting. additional support is provided by -- the richard and rhoda goldman fund.

lo hice sin susi. que falta me hiciste, susi. espero que no se parezca a esta imitaciÓn.rÁ parte del protocolo. >>> dice que baila bien. >>> yo lo que veo, como dices, son como unos pasos bien genericos, serÍan bien sencillos. >>> ahora, yo me pregunto... >>> te queda bien ese estilo. >>> te digo una cosa. quiÉn baila mejor, obama o tacher? >>> perdÓn muchachos, tienen que ver si estos movimientos no se aplican a otros gÉneros. vamos a ver. ♪ ♪ no te me subas al coco >>> otra vez. >>> bueno, como lo dijo el... >>> presidente, abajo. >>> imagÍnate en tanzania bailando el co "coco no". >>> es algo como ♪ cuando calienta el sol aquÍ en la playa ♪ siento tu cuerpo >>> ahora quisiera estar en la playa, con el coco. >>> asÍ vamos a bailar en la boda de satcha pretto. >>> satcha pretto. (risas) >>> con lo que sea. con tal que estÉn ahÍ. y antes que llegue agosto, les cuento lo siguiente, dos delicuentes abordaron un taxi para asaltar al chofer, pese a que su vÍctima se rindio el ladrÓn le pidio dinero, el taxista da una recompensa de 5 mil dÓlares para dar con los asantantes, al

i'm susie gharib thanks for joining us. >> and i'm tyler mathisen. everybody have a great evening and we'll see you here tomorrow. >>> "nightly business report" has been brought to you by. >> sailing through the heart of historic cities and landscapes on a river, you get close to iconic landmarks, to local life, to cultural treasures. viking river cruises, exploring the world in comfort. [ applause ] [ playing "timothy leary" ] [ playing "tuesday afternoon" ]

>>> this is "nightly business report" with tyler mathisen and susie gharib brought to you by. >> sailing through the heart of historic cities and landscapes on a river, you get close to iconic landmarks, to local life, to cultural treasures. viking river cruises, exploring the world in comfort. >> facebook surprises wall street with a strong quarter and investors are hitting the like button. but with the stocks still well below the ipo price, is there any reason to buy? >> tour, aka fabulous fab takes the stand, the former goldman sachs trader who has become the symbol during the financial crisis breaks his silence in court. >>> and a new retirement playbook. with interest rates near historic lows, safe investments are delivering lousy returns. tonight, find out if alternative strategies are right for you as we continue our series how to not out live your money. we have that and more on "nightly business report" for wednesday, july 24th. >>> good evening everyone. welcome. earnings jumped, revenues spike and facebook investors are friending the stock late in the day sending it up almost

>>> this is night by business report with tyler mathisen and susie gharib brought to you by -- >> sails through the heart of historic cities and the river you get close to historic landmarks, to local life, to kur cultural treasures, viking cruises exploring the world in comfort. >>> bernanke speaks and investors listening. the economy could use his help and the comments could make a difference. >> mega deals get done, we'll take you there and tell you what is being discussed by media and technology. >> back to school, yes, it's july and yes, retailers are starting their sales on notebooks and pens and with good reason. we have that and more tonight on "nightly business report" for wednesday, july 10th. >>> good evening everyone. a very busy news day, especially late in the day. if you thought the market's fascination with the federal reserve and chairman ben bernanke was over, you thought wrong. tonight speaking to economists in massachusetts he says the economy still needs help and the data show the feds current accommodative policy is needed for the foreseeable feature. on that news,

susie gharib has the night off. the monthly jobs report from the labor department is arguably the best and clearest indicator of the economic state of the union and today's numbers suggest the union is reasonably strong and possibly getting stronger. employers added 190,000 new jobs in june, for more than forecast for april and may were revised sharply higher. because so many more americans jump back into the market to look for a job, the nation's unemployment rate held steady at 7.6%. more on the good news about jobs in june and what it might mean for the economy. >> reporter: seth is doing something this month that thousands of business owners across the country are also doing, hiring new workers. >> a qualified person for me is someone whose happy, naturally, someone whose active, someone whose reliable and trustworthy and customer focus understands what the customer is looking for. >> reporter: signs that the hiring surge in store fronts and shopping malls provide testament to the government numbers. a lot of ne

>>> this is "nightly business report" with tyler mathisen and susie gharib brought to you by. >> sailing through the heart of historic cities and landscapes on a river, you get close to iconic landmarks, to local life, to cultural treasures. viking river cruises, exploring the world in comfort. >> tech tanks a microsoft misses big, google falls short but the stock worth owning as the dow and s&p are historically high. >>> the city filed for chapter 9 protection making it the largest city in u.s. history to do so. >> dell drama. today was supposed to be the day the future was decided but a key shareholder vote was delayed. what happens next? we have that and more tonight on "nightly business report" for thursday, july 18th. >>> welcome everyone. it is the heart of earning season and we heard from two of the biggest names in technology. that would be google and microsoft. seema modi is here to break down numbers. let start with google. >> let's start with microsoft, tyler. >> great. reported a huge miss on the bottom line with fourth quarter earnings with 66 cents a share. analysts estimat

>>> this is "nightly business report" with tyler mathisen and susie gharib brought to you by. >> sailing through the heart of historic cities and landscapes on a river you get close to iconic landmarks, to local life, to cultural treasures. viking river cruises, exploring the world in comfort. >>> apple of your eye, the company that was once the darling of wall street said strong iphone sales helped boost results. is this the catalyst that will help turn stock around? >> healthcare scams. the new exchanges are right for abuse. what are officials going to get out front? >> working longer, more americans are doing it so they don't out live their money. a woman doing it on her terms, how to not out live your money. that and more on "nightly business report" for tuesday, july 23rd. >>> good evening everyone. apple got shine back today. it surprised investors with stronger than expected earnings after the bell thanks to massive sales of the iphones. but ipads and macs came in below. seema? >> technology earnings are not off to a strong start expectations coming into apple's report quite low.

i'm susie gharib thanks for joining us. >> and i'm tyler mathisen. everybody have a great evening and we'll see you here tomorrow. >>> "nightly business report" has been brought to you by. >> sailing through the heart of historic cities and landscapes on a river, you get close to iconic landmarks, to local life, to cultural treasures. viking river cruises, exploring the world in comfort. >>> welcome to "newsline." it's friday, july 26th. i'm catherine kobayashi in tokyo. >>> investigators are trying to determine the cause of spain's worst rail accident in decades. at least 80 people were killed after the train rounded a curve and jumped off of the tracks.

>>> this is "nightly business report" with tyler mathisen and susie gharib brought to you by. >> sailing through the heart of historic cities and landscapes on a river you get close to iconic landmarks, to local life, to cultural treasures. viking river cruises, exploring the world in comfort. >>> record territory, ben bernanke sparks a rall pushes stocks to all-time highs. so where are the best opportunities now? >> pain at the pump, when you pull up to fill up, don't be surprised if you have to pay up. gas prices are rising and predicted to go higher but for how long? >> and rip off from a multimillion dollar house to the big house, we have the story of a woman who defrauded taxpayers like you in a medicare scheme so brazen, it's hard to believe. all that and more tonight on "nightly business report" for thursday, july 11th. >>> good evening everyone. a day of milestones on wall street today. stocks surged and the major averages hit new records thanks to a broad based rally. all ten of the s&p 500 sectors were up. what happened? all it the ben bernanke rally. investors were inspired to

> this istly siness report" with tyler mathisen and susie gharib brought to you by -- >> sailing through the heart of historic cities and landscapes on a river, you get close to iconic landmarks, to local life, to cultural treasures. viking river cruises, exploring the world in comfort. >> turning the page, a day after borns and noble ceo quit, the question remains, can the big box book seller survive and will amazon eventually rule the world of retail? >> own versus rent. it's an age-ol' debate which shopping for a home but will mortgage rates push potential buyers into the hands of land boards. >> will the tighter requirements make them safer? all that and more tonight on "nightly business report" for tuesday, july 9th. >>> goodveng everyone. a new chapter for barnes & noble today but how that story plays out is still unwritten. investors are betting on a happy ending pushing up by 5% today. they were reacting on news the ceo is out and the possibility the big retailer might break up and spin off the nook division. they out lived brick and mortar competitors like borders and walden boo

i'm susie gharib thanks for joining us. >> and i'm tyler mathisen. everybody have a great evening and we'll see you here tomorrow. >>> "nightly business report" has been brought to you by. >> sailing through the heart of historic cities and landscapes on a river, you get close to iconic landmarks, to local life, to cultural treasures. viking river cruises, exploring the world in comfort. kevin: today on "ask this old house"... my wife and i have this tiny yard, and we'd love to make it into a patio. i don't know what to do. i'll show you the right way to install a stone patio. it's plastic sheet in a circle, and it gets a lot bigger. what is it? i'm going to store five bikes in this one-car garage without a scratch. we have so much more space now in our garage. kevin: that's next on "ask this old house."

i feel very fortunate at the fine arts museum because in fact susie mencus' son lives in the bay area and she comes frequently to visit the family. it is always my favorite time of in the exhibition, when she comes and i get to walk through the exhibition with her. it is so learnful. i wanted to share that opportunity with the rest of the bay area. one of my favorites, during the laurent exhibition, one of my favorite moments is one suzy stopped in her tracks. she said, this is it, this is what is true of any great artist or any great designer. when they do something, it can be shocking and avant-garde, but years later, we stand and look at it and believe it has always existed. i think that this is true of jean paul gaultier's work. i know that have been friends for a very long time. it is my honor to introduce both suzy menkes, fashion editor of the international herald tribune, and mr. jean paul gaultier. [applause] >> the love seat. [laughter] i just want to know, can you hear me? please shout loudly if you cannot. [laughter] yes or no, you can hear? >> somebody said no. >> mic peo

>>> this is "nightly business report" with tyler mathisen and susie gharib brought to you by. >> sailing through the heart of historic cities and landscapes on a river, you get close to iconic landmarks, to local life, to cultural treasures. viking river cruises, exploring the world in comfort. >>> the steady fed, the central banks fix with the status quo. now investors will hang on every word every fed official says looking for any hint of what policy makers may do next and when. but is there a risk to talking too much? >>> shop til you drop. tax offers are being offered to stretch the budget. >>> navigating long-term care. the cost can be staggering, so can long-term care insurance premiums. the answers you need as we kick off the special series, how to navigate long-term care that and more tonight on "nightly business report" for wednesday, july 31st. >>> good evening everyone. no change in policy and no clues on what happens next. that was the message today from the federal reserve as policy makers wrapped up the two-day meeting. the central bank is keeping interest rates at zero per