senator, welme to the program. >> tnk you very much, suzan. i appreciaoining you in my home town wh my friend paul >> suzanne: ne to have you here. le me start with jus an plainer. the commissn has been set u examine many dierent are of the fincial crises. no do you view ts as a fact finding missio or wl there actually be remmendations that come out of it. >> both. we are directed byhe congress to do a thoroughxamination of the causes of e current fincial crises much likehe ficora mmission d in the 1930'snd then to make recommendations as ficora which leo the securities d exchan question. >>uzanne: that's my next question a lot of peoe are drawing parallels betweethis commission and the ficora commsion and out o that came some very sigficant financial form. now do youhink it's fair to draw those kd of parallels, i that the right thing to do. >> it's certainly challenging standard for ourcommission because the pikora commission which w actually a committ of the unite states senate did such an outstanding job of analysis and then pscription. are

it's a veryopular program, so, yes, i do thi it's been quite suessful. >> suzan: clearly, funding is one of the maj challenges facing the program. what are some the other challenges, though, that they're going to be dealing with >> wel actually benefits are a real pblem. medicare is actually less nerous than most large employer plans. so one of the issues i finding a way to improve benefit so that seniors get the benefits that they need and a great examplof that is the drug benefit that has coverageap or a doughnut hole. >> suzanne: so how do medicare fit into the wle debate healthare reform? how is it possibler possibly going to be addreed with health ce reform? >> well, medica fits in in a number of ways probably a mar way woulde that medicare is helping to fund some of the improvents in the heth reform package. there are significant medica savings, many of which are in eas that a sort ofight f cuts. a grea example ofhat is cuts in pments to medicare advantage plans for which there ha been overpaymentover the past several years. these savings are going toe us tohelp fund coverage e

. >> suzan: are you worried about a double-dip recsion? yeah, the risks by the en of the next year if it remains large arou one and a half trillion and if t feds keep prinngoney to increase interest res expect inflation is go to go up and if it were to gop mortgage rates will go up and barrowing coughs fo barrowi and affect recovery so tre's a recognitn being of a double-dip recession. >> suzan: is there a percentage you'd be willg to t it at? >> it will dependn the decisionmade about exit strategiesrom the massive monetary easing and fiscal easing. it wl be difficult because if you reduce t fiscal stimulus too much too sn and raising tax and cut spending the economy will tip in the receion. if you wait to lg and the deficit remains too lge the rket will worry about ring inflion and deficits and you'llave recession again so the timing and the sequencing and when to do it will be a very difficulpolicy proposition. >> suzanne: if you'r economi projections e correct and i have to point out they're below consensus would seem the stk market may

. >> suzan: and i'm suzanne pratt. susie gharib is off tonit. this is "night business reportfor monday, july 27th. "nightly business port" is madpossible by: this pgram was made possible by contributions to ur pbs statiofrom viewers like you. thank you. >> suzanne: goodvening everyone. cooperation, not cfrontation. that how president obama sees the future of u., china relation e president spoke as the two countries began twdays of talks onconomic and security issues. both nations are upbt about global gwth, pointing to signs the world is moving towa recovery. as darren gersh repos, the question ihow to keep the world's largest onomies headed in the se direction. >> reporter: it was inese state councilor dabinguo who mmed up the self-interest th brings the u.s. and cha together in masse meetings like ts. >> ( transled ): we are in the same big boat, that s been hit by fierce wi and huge waves. >> reporter:s massive economies, both cotries are critical to the emerging gbal recovery, and both countes also have comm interests and prlems. to see why,

you can al email us at nbr@s.org. >> suzan: that's "nightly business report" for thursda july 23. i'suzanne pratt. gonight everyone and good night to you, ul. >> pl: goodnight, suzanne. i'm paul kangas shing all of you e best of good buys. "nightly businesreport" is ma possible by: this program was me possible byontributions to your pbs station from viewers likyou. thank you. captioningponsored by wpbt captioned by media accessroup at wgbh cess.wgbh.org

you can al email us at nbr@s.org. >> suzan: that's "nightly business report" for thursda july 23. i'suzanne pratt. gonight everyone and good night to you, ul. >> pl: goodnight, suzanne. i'm paul kangas shing all of you e best of good buys. "nightly businesreport" is ma possible by: this program was me possible byontributions to your pbs station from viewers likyou. thank you. captioningponsored by wpbt captioned by media accessroup at wgbh cess.wgbh.org martha jane friedrh values h independence. i alwaysanted to be my own boss so started two home busisses which enable me to sy home and martha jans generosity extends . life is more than work. lifis a value. and i thinit's important for me tgive to the generations that ce after me. and th's why a gift to public television is so important. and if i can do a smalthing to perpetuate this,han it will contue for generations to me. that's why martha ja included her public tevision station in her will. consideroining the community ofeople who want public television tspan generations.

thatictureight there, that is suzan on th phone working deal. she was sheberry -- she was th berry gordy and without his shirt is onelichie. >> that did a lo tavis: are you getting pne calls? >>i spent most of my career telling ladies donot call me daddy. harlow ca alongnd they started calng me grandpa. mine you can call me day. in this case, th has done a great de. here is suzann and she says we want you to take you shirt and shoes off. this could be the make or breaking of a career. it camout fantastic. tais: it is aeautiful issue. >> i felln love with it. she is fast and knows what se wants. i was happy sheeft my pants on. annie will haveou in some tuations. tavis: let's talk about e director. >> this album, i have done a lot of album th particularlbum, we're rying to figure out how do we aproach this? the ankle wasimple. -- angle was simple. if i ha to -- i do not have to provid c write a song. we have so my great writers. akon and these wonderful peop who are invold and i say -- al these guys, i am thinking, what am going to do is he meetin

. >> suzan: tonight's "street critique" guest says he'rather be in this mart than sitting onhe sidelines. he's david garrity, incipal at g.v.a.esearch. >> paul: i'm paul kangas. >> sanne: and i'm suzanne pratt. susigharib is off tonight. this is nightly business report for wednesd, july 22. "nightly business report" is made possib by: mi this progr was made possible by contributions to your p statiofrom viewers like you. thank you. >> suzanne: good eveng everyone. president obama willell the nation tonight that alth care reforms central to repairing the economy. if it fails, the predent warns yo insurance premiums and out of pocket costs wi skyrocket. health care reform is boggin down in congressand tonight's newsonference is part of an effort to get it back track. but as darren gersreports, the key answered question is still how to control cos. >> reporter: with negotiatns over healtcare reform in intensive care, house decrats like xavr becerra stressed the need to cut costs in a stem everyone agrs is inefficient. >> in a two and a ha trillion dollarystem, you should be able tfind the s

. >> suzan: as we mentioned earlier,hina said today it will expand demando help reve its economy. it must get chinese consums buyinggain, and that's a challenge for telecom coany motoro. the mpany's marketshare there has tanked over the last f years. so motorola is working to tu things around. as shannon van sant reports,he mpany's focusing on consumers: the y to a much-needed turnaround. >> reporte for more than a decade, motola dominated handset sales in china. duncan clark, chaian of b.d.a., a telecom adviry firm in bjing, says motorola was once an ic for u.s. investment in china but in recenyears motorolas sales have fallerapidly. >> we've seen a tremdous fall from grace for this coany. the speed of motora's decline in cna has surprised many, including many of its chines employee reporter: according to b.d.a. anthe chinese market research firm c.c.i.d., morola's market share for mobileevices in china has fall from 22% at the beginning 2007 to just over 6%his year. rt of the company's problem habeen under investment in research and developme. nokia and samsung arbringing new mo

. >> suzan: tomorrow, the doctor is out on a use call. we profile a medice program saving moneyhrough home care. >> suzanne: bernard mado's wife may soon find herse in cot. ruth madofis being sued for $45 milln by the trustee seeking to recover her husba's sets. mr madoff isn't accused of knowing about her husband's fraud, but the lawsu says she lid a life of splendor using money that belongeto her husband's customers. ruth madoff's torney says today's action is que, "wrong as a matter law and fairness >> paul: ilooks like more investors e gaining confidence in the market. $11 billion flowed io mutual funds last wee that's the biggesweekly investment since early june. the vestment company institute tracks the numrs. it says much of that money wt in stock funds as investors responded to a string of song earnings repor. >> suzne: here's a look at what's happening tomorrow. we'll see weekly joble claims and host of quarterly results. exxon mobi kellogg, motorola d walt disney are among the companies schedud to report. >> suzanne: many u. car

. >> suzan: the tour de france may be in fullwing, but today, president obama ben a different ki of competition. the administrationnnounced its "race the top" program for u.s. schls, which will have schools vying for near $5 billion in smulus money. thpresident challenged educators to raise acamic standards and improve acher quality. schools that meethe benchmarks for success ll qualify for ai mr. obamsays the program will improve theducation system, something he says is esstial to rebuilding the onomy. >> not every state wl win and not every school district ll happy with the results. but america's chilen, america's economy, and ameca itse will be better for it. >> suzanne: the educion department wilstart accepting applications for the stimulu funding this fal officials expecthe first round of aid to gout early next ye. >>uzanne: with consumers cutting back on spding, some of life's little luxuries ar going by the waysi, and that's wilting the naon's flower business all along theupply chain. from seet vendors to flower impoers, jeff yastine has more on an dustry still waiting for a recovery to

ipector general overseng the $700- biion tarp bailout fund tells lawmakers transpency is needed no >> suzan: then, apple shines, sting a 15% jump in profits i-phones and mac computers continue to fly off store shelves, even in a recsion. >> paul: i paul kangas >> sanne: and i'm suzanne pratt. susie arib is off tonight. this is "nightly business report" for tuesda july 21. "nightly business repo" is made poible by: thisrogram was made possible by ctributions to your pbs station from viewers le you. thank u. 7//& >> suzannegood evening everne. the federal reserve is notone yet heing to fix the u.s. economy, that is. that was chairman n bernanke's messe for congress today, sayinghe fed intends to keep interest rates low and cdit easy for quote an extended period. bernanke said it the right policy, even though the econy is showing quote tentativeigns of stabilizaon. the chrman also reassured investors the central bankas an exit strategyeady to go once it'time to reverse its easy money picy. darren gershxplains. >> repter: always cautious, the federal reserve is ccking out the exs in case of an

. >> suzan: after a near-death experience, heth care reform isoving forward again in congress. a dealas brokered by the white house,ongressional leaders and conservave house democrats. it procts small businesses. requiring ly firms with a paoll over half a million dollars to provide health insurance. as darren rsh reports, the de also clearly defines the role of a governme run health plan >> reporter: the health ca logjam broke afterhe idea of a public option-- essentially government heah plan offed to all americans--on critical backing from four conservave use democrats. onof them, arkansas's mike ro, was quick to add the support comes wi conditions. >> theublic option is just th, it's optional. it ges consumers more choices. it is not mandat on any of them. the puic option will be required to negoate with providers just like prive insurance industry does so w have a level playing field >> rorter: the public option iso politically sensitiv president obama is telling tn hall meetings acss the country he has no plans for the governmento take over health care. >> if you ke your h

. >> suzan: what is your best guess? do you belie that thi rally is for re or do you think that this is pottially a bear market trap? >> i think this rally is for real but it wast been tested yet. it hasn't been tested by continued high unemployme which wee going to have. it hasn't beenested by financial problem that may doesn't have a as successfula soluon. maybsomething that comes out of the european banng system where there are many problems. >> suzanne: i know you're a obal strategist. which ecomies arelikely to come out of recession first and what are the investment implications of that sty. >>. i think it's very clear that number one out is non-asia asia. japan is kindf sluggish here. the restf asia led by china is already coming out. china had 8% or 7.9%.d.p. growth reported ju a few days a. the chinese government says theye going to keep up the ry heavy stimulus spending that they've bee doing. then i think we're actually cond behind non-japan asia because were doing ever so much to promote growth her europe, ith

. >> suzan: tell me about this c.i. deal. how importt was it tod, do you think, in continuing is overall potive tone that 've been seeing in stocks? >> oh, i think it was really important. c.i.t. hasbout a milon customers in ameri. and so fincing from c.i.t. is really important partularly as you said a moment ago to smaller businessesll across america. >> suzanne: not only the c.i.t. deal but beer than excted earnings were ao out ere again. they have been for the last week or so. helping to sort of set this ce tone for the maet. when you talk about earnings, yore not really talking aboutrofits beingetter th expected. you say we should focus on revenue. tell me why revenue is so important to this story right now. >> sure thing. i want to s both earngs and revens but paicularly revenu, saeltz revenues, very important he, because take the first quaer. ke last quarter. companies beaton earngs timates but their revenues fell short of wall street expectatio. how d do tt? how did they beat on earnings? unfortunately it was cutng by

suzan suzanne malveaux has talked to someone from the national security council who says the president has been notified. the administration has reached out to the u.s. embassy in jakarta. u.s. officials are in the fact-finding phase of this. i'm reading this off my blackberry. they are trying to get information if there with any american casualties. white house is monitoring the situation, won't put out a statement until they get more information. peter, as you point out, indonesia is a relatively moderate secular country, hugely populous, largest muslim population in the country. yet, there's this dichotomy between the vast majority of the people there and this hard line terror group which has been operating at least was operating, with devastating results through much of early 2000s. >> yes, this group really came to the fore in christmas of 2000 in a series of attacks on christian churches around indonesia. didn't get a huge amount of attention. but these were multiple attacks directed at christians. and then, of course, the first bali attack of 2002, an attack on the australian em

suzan malveaux is there. >> reporter: good morning. president obama arrived half hour ago, 5:30 eastern time 1:30 local time. even before the summit for two days, they briefed us expecting two leaders to come out and announce there's going to be some reductions in the nuclear arsenals on both sides. all of this really is just a first step -- a first step in what they are saying is setting the reset button for u.s.-russian relations. president obama seeking a new tone in the complicated u.s.-russia relationship. a second meeting with dmitry medvedev. but most important his first face-to-face encounter with vladimir putin. >> the old cold war u.s. russian relations is outdated. it's time to move forward in a different direction. i think medvedev understands that. i think putin has one foot in the old ways of doing business and one foot in the new. >> reporter: still a key question, is putin really in charge, even though medvedev is most visible on the world stage. >> you can have a foot between mr. obama and med ved i have but the tough

suzan suzanne malveaux is traveling with the president.t's goal here in terms of getting our economy on better footing? >> well, alina, it starts with building better relationships with the leaders. want to show you fresh pictures coming in, president obama with the president of italy, in napolita napolitano. the two met. they're going to make comments later. he'll meet with berlusconi. a all of this to figure out the world economy, to deal with the global crisis. we did get a hint of what the president's message would be yesterday before some russian business leaders emphasizing the need for transparency, open markets, free throw trade, corporate accountability, those types of things. the president, unlike other world leadse leaders have focus stimulus, economic stimulus. that's not something the other world leaders have agreed. they want tighter regulations. these are the conversations that the president is going to have. it is building up to what they hope is more coordination between the world leaders so that when the economies do turn