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

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by:

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. president obama rolled out his newest proposal today to re- energize the economy and to boost hiring. tom, the president's strongest pitch was for extending the bush tax cuts for middle class americans making less than $250,000 a year. >> tom: susie, at the same time, president obama said he opposes tax breaks for "millionaires and billionaires." he was speaking at a college campus outside cleveland, ohio, on the turf of one of his toughest republican critics-- house minority leader john boehner. >> susie: the speech set the tone for the president's economic agenda going into the midterm elections, which are just two months away. darren gersh reports. >> reporter: in a campaign-style event, the president today drew the battle lines, casting the election as a choice between the old economic

i'm susie gharib. good night everyone, and goodnight to you too, tom. >> susie: 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. 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. >> be more. doctor mights you can. thank yo. >> what's happened? >> i've called a>> dr. harvey t. >> what's happened? >> i've called a>> dr. harvey t. well, he was.

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 >> tom: good evening, and thanks for joining us. susie gharib is off tonight. i'm joined by my colleague suzanne pratt. gold prices have never been this high, suzanne, topping $1,277 an ounce in today's trading. >> suzanne: tom, gold's not the only metal shining on wall street. silver is at a 30-year high, closing at $20.82 an ounce. >> tom: been quite some rally, but the high prices metals are getting aren't scaring off buyers. as scott gurvey reports, the big rally in metals is expected to continue. >> reporter: five records in six weeks. it seems all that glitters on the futures exchanges are contracts in gold. analysts at goldman sachs, the royal bank of scotland and deutsche bank all published research notes making the case for the yellow metal today. analyst jim steel at h.s.b.c. says there are many reasons to expec

susie gharib is off tonight. i'm joined by suzanne pratt. japan moved today to weaken its currency as the dollar hit a 15- year low against the yen. suzanne, it's an effort to help the lagging japanese economy. >> suzanne: tom, this is japan's first intervention in the currency market in six years. it comes just ahead of a meeting between president obama and japan's prime minister in new york city next week. so exactly what did japan do? the country's treasury sold its own currency, the yen, and bought u.s. dollars. the idea is to drive down the value of the yen versus the dollar, making japan's currency cheaper. >> wolfgang koester is the c.i.a. at a firm that. welcome back to "nightly business report." what companies do you think get hurt by this japanese yen intervention? >> the people that are going to get hurt are the people that are looking to -- that have costs in japan, more than the people that are looking at the revenues. what is really important is for corporations and their investors to understand where the corporations have the

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, everybody, and thanks for joining us. too little too late. susie, that's the initial reaction from some business leaders to president obama's latest proposal to give tax breaks for businesses. >> susie: tom, the president will detail the plan tomorrow in cleveland. he's proposing that companies write off 100% of their investments in plants and equipment through next year. >> tom: the administration estimates the plan would cut business taxes by about $200 billion over the next two years. for some businesses, this "expensing" proposal could amount to a half-off sale on new equipment. darren gersh reports. >> reporter: you've probably heard about all those businesses sitting on their money, waiting for things to get better. the president's expensing plan could give executives an incentive to

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. the unemployment rate now stands at 9.6%. tom, the labor department said 54,000 jobs were lost in august, facorting in census workers, but that number was lower than economists predicted. >> tom: susie, there were some encouraging signs. companies added 67,000 jobs to payrolls, the eighth straight month of job creation in the private sector. we have two stories, the specifics of that jobs report and a dilemma-- what happens when a company wants to hire, but can't find the right workers? here's scott gurvey. >> reporter: there had been signs the economy was in decline, raising fears of a double dip recession. now, says economist bruce kasman, the signs show some stability. >> it's not a good report. we lost jobs from the census workers. but net of public sector loss, 67,000 is not a healthy

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 >> more information about investing is available in: to order this dvd, call 1-800- play-pbs or visit online at shoppbs.org. >> be more. >> be more. pbs. mark walberg: aloha! welcome to antiques roadshow, this week from honolulu. man: my brother had custody of it for a little while. and i demanded it. woman: it was very, very black, and i always feel... something's--

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. tom hudson is on assignment. jeff yastine joins me. remember the greek financial crisis? there were more demonstrations in athens today, as workers protested new labor rules. but here in new york, greece's prime minister told "nightly business report" his country's reforms are working, and the economy is getting back on track. >> jeff: susie, prime minister papandreou says greece is meeting targets set by the international monetary fund and the european union, after receiving emergency loans of $140 billion in may. and, he's encouraging american business to invest in his country. >> susie: i met with the prime minister a short while ago. my first question: what's the state of the greek economy? >> we have made major changes now. the economy is in a much better state because we've cut down t

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 >> susie: good evening, everyone. the bulls are back on wall street. tom, investors were enthusiastic on some encouraging economic news: orders in august for things like machinery and computers were stronger than expected. >> tom: susie, this is the fourth week in a row that the major stock averages were positive and in a big way. let's run down the numbers from today's action. the dow jumped almost 200 points. the nasdaq added 54 and the s&p 500 rose 24. those indexes were up roughly 2% each. these are four month highs for the indices. today's gains came on heavier trading volume: just over a billion shares on the big board and over two billion on the nasdaq. >> susie: the dow is up more than 8% for the month, the best september gain in 70 years. s&p's chief investment strategist sam stovall says investors are

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. encouraging economic news today encouraged investors to buy stocks. tom, it was a grand kickoff for september. the dow surged more than 250 points-- 2.5%-- its best one-day gain since early july. a key manufacturing index showed american factories were working harder in august than a month earlier. the institute for supply management's index rose to 56.3 management's index rose to 56.3 from 55.5 in july, higher than forecast. a reading above 50 indicates growth. this index has been up for 13 straight months. >> susie: still, the big worry for everyone? the weak job market. private payroll firm a.d.p. reported 10,000 fewer jobs last month. the government report comes out friday, and many people are hoping washington will come to the rescue with another plan to boost hiring. washington bureau

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. bank stocks rallied today, and they gave a boost to the dow. behind the move, tom, new global banking rules agreed to over the weekend in basel, switzerland. the requirements aim to prevent financial crises in the future, and to make the global banking system safer. >> tom: the most critical reform, susie, is a rule requiring banks to raise their capital cushion. in some cases, banks will triple the funds on reserve. many american banks already meet these standards, but european firms may need to raise more money. regulators around the world have been wrangling over these so- called basel reforms since last year. >> susie: now that the deal is done, suzanne pratt reports banks can try to get back to business. >> reporter: the collective sigh of relief was almo