thev joins us to make sense of us hi@ @utlook for the ss rívepfaorfvt" noc fo@noc rec 2 2 thth susie gharibnd ívfafv fcaptioning sponsóvorfaedfvóvfa2

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening everyone. progress in fits and starts at a european summit meeting in brussels today, and that led to losses and a late comeback on wall street. tom, european leaders met to work on three key items: an agreement not to overspend, a permanent bailout fund to deal with the spreading financial crisis. between with still don't have a deal between greece and its lenders. a more optimistic message that europe is get on top its did debt crisis that lead to the blue chips losing 6 and 3/4 points. on the bell after dropping in the first hour of trading, the naz was down 4, the s&p down 3 and change. >> susie: at the core of the european negotiations is the impact serious budget cutting could have on the 17 individual nations in the eurozone. sylvia hall takes a closer look at the issues facing european policymakers. >> reporter: in a meeting room in brussels, almost all of europe's leaders agreed

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening everyone. investors turned cautious today on worries about the three e's: the economy, europe and upcoming earnings. tom, stocks did little on this second trading day of the year. >> tom: susie, it was a big contrast from yesterday's strong rally. investors were encouraged by today's good numbers on factory orders and auto sales, but stocks pulled back on concerns about the financial health of european banks. the leader, in case you are wondering, is energy with an expected profit gain of 24%. on the flip side, three industries are expected to post negative growth-- materials, telecom, and utilities. so, with all these cross- currents, what's an investor to do? some analysts say the biggest mistake is to focus exclusively on earnings when picking stocks >> dividends is really the biggest theme of 2012. investors are looking for companies that prove out those earnings by paying out a porti

it's "nibuy tlsiness report" for friday, january this is "nightly business report" with susie gharib and tom hudson. "nightly business report" y e m ibpoady:less b captioning sponsored by wpbt >> susie: good evening, everyone. the u.s. job market kicks off the new year with new vigor. tom, not only are there more jobs for americans, but the unemployment rate dropped again, a sign that american businesses may be more willing to hire. >> tom: susie, the december jobs report underscores an economy that is picking up and faster hiring means consumers could have more money to spend. u.s. companies added 200,000 jobs to their payrolls last month more than expected and the fourth biggest monthly gain of 2011. the biggest surprise: the unemployment rate fell to 8.5% from an upwardly revised 8.7% in november. investors shrugged off the good economic news. the dow lost 56 points. the nasdaq added four and the s&p lost three points. suzanne pratt takes a closer look at that december jobs report and the outlook for hiring in 2012. >> reporter: 8.5%. that's an unemployment rate the u.s. hasn't see

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: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org sm

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening everyone. tom hudson is off tonight. stocks were in rally mode today on high hopes for a positive earnings season. here at the big board, the dow gained 70 points. the nasdaq surged 26 points. the s&p added 11. that's the fifth up day for the index in the last six. the recent move higher in the stock market has some investors questioning their love for bonds, in particular u.s. treasuries. even though the first big bond auction of the year met with strong demand today, there are concerns bond investors may not fare as well in 2012. suzanne pratt reports. >> reporter: the outlook for treasuries this year is something of a mixed bag, but that hasn't stopped people from coming to investment offices like this one to pour millions of dollars into bonds. it's no wonder investors are still enamored of bonds. last year, treasuries returned about 10%, beating corporates and stocks. after all, u.s.

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. explosive earnings from one tech titan tonight, and a whimper from another. apple and yahoo post very different quarterly results after the market close. tom, apple surpassed expectations by a wide margin, and yahoo just came right in line. susie, investor reaction in after-hours trading also played out differently for the two companies. apple skyrocketed, rising roughly $40, or almost 10%, while yahoo was flat. let's begin with those robust numbers from apple. it earned $13.87 a share in its fiscal first quarter, almost $4 more than estimates. revenues surged 73% to $46 billion. that's about $8 billion more than expected. and that's thanks to very strong sales of ipads and iphones. yahoo's earnings were in line with analyst estimates-- 24 cents a share in its fiscal fourth quarter. revenues came in at $1.7 billion, down from last year and slightly below expectations. >> susie:

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. investors were hanging up on research in motion today after the surprise resignation of its co-c.e.o.'s leadership over the weekend. tom, shares of the company plunged 8%. >> tom: susie, this is a big management shakeup at the maker of the blackberry smartphone, but by the looks of today's stock sell-off, investors aren't convinced that new c.e.o. thorstein heins can do more to help the company better compete with apple and google. >> susie: but on day one in the job, the new c.e.o. was putting out the message that he has a plan to get rim on the right track. erika miller reports. >> reporter: thorsten heins is smiling in his media photo, but it's clear there's a lot of weight on his shoulders. this little-known insider took the helm at troubled blackberry maker research in motion over the weekend. in video released by the company, heins is promising to deliver change. >> when

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. susie gharib is off tonight. the stock market rang in the new year with a new push higher. positive economic data on the u.s. manufacturing sector fueled the rally. but it was sparked by unemployment falling to a two- decade low in germany, and china's services and manufacturing sectors rose in december, despite worries about a chinese slowdown. the major u.s. stock averages logged big gains. the dow gained 179 points, the nasdaq added 43, and the s&p 500 was up 19.5 points. trading volume picking up steam as we come off the holiday-- 853 million shares moving on the big board and 1.7 billion on the nasdaq. the pick-up in share prices and trading volume comes as many smaller investors continue on the sidelines. suzanne pratt reports. >> reporter: it's cleanup time in manhattan from this weekend's new year's eve celebration. but today on wall street, the partying

thev joins us to make sense of us hi@ @utlook for the ss rívepfaorfvt" noc fo@noc rec 2 2 thth susie gharibnd ívfafv fcaptioning sponsóvorfaedfvóvfa2 >> susie: gou.s.no jc obre mc a. tom, not only are mericans, bute unemployment ratóvfafv@inessest2 port underscores an economyc re2 that is pickinóvfafv óvfafv@nofafv@noc rec 2d. month more than expected and c re20c 112. rec @noc rec 2ll to 8.5%óvfafv@ economic news.2fv the nasdaq added four annts.úvfv fafvsuzann@e pratnot c rec out@look fnoorc noc rec 2>> reporter: 8.5%. u.s. hasn't seúvenfa ifv years.úvfafv@ and, it úvfafv@noc rec 2ajor in2 retail to manufact úvpayrolls last month.úvfafv @vfafv@noc rec e length of the noc avreerc ag2e workweek nearly more than 34 and a hareck increases it puts d forúvfafv c 2or úvfafv@noc fv@noc re noc rec 2abor market demand. >> reporter:d 1.6 millioúvn fajofv fa13fv milli@on unenompc loreye @noc rec 2t ofould ratherob.ava2 the stopped looking for work likely to avfafvat's as they fee fafvomist conrad de quadav pavement, the unemployment rate2 2 2012 is likely to than what we'e unemployme in the last threr:

i'm susie gharib. good night everyone, and good night to you too, tom. good night susie. >> tom: i'm tom hudson goodnight everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by:

. >> susie: itnightly busi this is "nightly business report" with susie gharib and tom hudson. "nightly business report" captioning sponsored by wpbt >> susie: good evening, everyone. my colleague tom hudson is off tonight. a bad start to earnings season. alcoa reported a quarterly loss, it's the first dow component to report and the aluminum giant is considered a bellwether for the economy. here are the numbers that were released right after the market close today: excluding special charges, alcoa lost three cents a share, just what analysts were expecting. this is the company's first loss in two years. revenues rose 6% to $6 billion. alcoa stock slipped in after- hours trading, but was higher by 2% in the regular session. as for the rest of the market, the dow rose nearly 33 points, the nasdaq added two and the s&p gained three points. joining us now to discuss those results? klaus kleinfeld. he's chairman and c.e.o. of alcoa. klaus, nice to see you and happy new area. >> hello, susie, hello, happy new area, susie. >> susie: thank you so much, well, looking at these quarterly

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. a tale of two banks today-- citigroup's quarterly profits tumbled, but wells fargo posted a record fourth quarter. tom, this is a key week for earnings with lots of reports from financials. >> tom: susie, between today's results and j.p. morgan's disappointing numbers friday, this is a shaky start to earnings season for banks. looking at citi, the banking giant earned 38 cents a share, an 11% drop from a year ago and way below what analysts were expecting. revenues fell to $17 billion. even though citi made more loans, its investment banking business did not do well. but at wells fargo, profits jumped to 73 cents a share, a penny better than estimates, even though revenues slipped, but were still higher than wall street expectations. >> susie: wells fargo shares rose today, but most other bank stocks were down. still, the major averages managed to end higher. the dow gained 60