and in particular, thompson reuters and bloomberg. we now -- we talked about fewer foreign correspondents. 3,000 journalists work for reuters. 2,600 or 2,800 work for bloomberg. that's a lot of journalists. and that is driven by economic forces which are quite different from the forces driving what's happened in advertising-based media. it's all about sort of building a news halo on top of the big, monster, capitalist professional platform. there are some issues there, right? you know. and actually i wrote a piece for "cjr" a couple of years ago. is news going to be private? and are you going to -- if you're a member of the plutocrat, are you going to have privileged access to news and information? which is essentially part of the thompson reuters or bloomberg offering compared to everybody else. but you can't neglect to notice that that stuff is there. and then in the emerging markets huge news organizations are being built. al jazeera, the chinese are out there. the russians also. again, these have issues, but that's more stuff that'

travel, where in the world american, stretching their travel dollar this year, the editor of thompson reuterswith us. lauren, is europe on sale with this dollar boom? >> it's cheaper, but it's definitely not on sale. if you're going somewhere like amsterdam, i was there recently, carry -- london is also expensive because of the olympics. >> tom: the polish, the dollar has gained over po land's currency. is that drawing american tourism over there? >> it's not like americans are going there gang busters, but they should, because krakow is a beautiful old world city, and the lati is under a lot of pressure. >> tom: are prices good there if you're an american carrying some dollars with the currency exchange? >> absolutely, you can stay in top of the line hotels and they're a fraction of what they might be in a place like paris, so go live large in po land for a while. >> tom: latin america as been seen by investors as insulated from the european concerns. what about from a travel perspective, what they can expect in terms of currencys? >> places like argentina where there's been unrest the peso

sales in stores opened for at least a year up 3.9% in may, according to those stores tracked by thompson reuters. those reporting stronger than expected sales, target up 4.4%, nordstrom up 5.3%, and discounter tjx company, t.j. maxx and marshals up 8%. dana telsey is the c.e.o. of the telsey advisory group with us in new york. dana, what worked for retailers in may? >> i think what worked for retailers in may is that you had a holiday in the month of march. you had the benefit of an earlier easter. april you didn't have that, and what you did have in may is mother's day. may 13th this year versus may 8th last year. coupled with warmer weather and the new colourful apparel that is driving traffic, that is what drove sales in may. >> tom: tell us about the roll of gasoline, though. gas prices had been moving lower in the month of may. i have to imagine that put more dollars in consumers pockets. >> we are beginning to see customers spend a bit more on discretionary but in addition to high end, you need that lower to middle end consumer to maintain that level of spending. >> tom: so talk to us abou

that's according to the thompson reuters survey. that report says consumer sentiment jumped to 79.3 in may. that's up from 76.had last month. >>> maryland made the top five list of states where drivers are most likely to get a speeding ticket. nevada tops the list followed by georgia, alabama, florida, and maryland. atlanta is the most ticket happy city. >>> high-ranking lawmakers in wisconsin are in hot water after placing photos of their completed ballot on social networking websites. lawmakers immediately took down the photos after being told about the law. prosecutors are unlikely to seek charges against any of them. >>> the u.s. government is using twitter to help discover emerging health issues. the department of health and human services has started the trend i trending. users can figure out he the top five health concerns in their roadway. >>> this weekend is a special one for five people in fairfax county. that's because it's their first as newly sworn in citizens. >> reporter: this is what an american looks like. and this.

now christopher swan who is a reporter for thompson reuters.xplain how president obama was an idiot when gas prices were high and now how he is genius now that they are lower. >> it is really incredibly politically dishonest. the president has no more control over oil prices than he has over say, toothpaste. american presidents simply cannot control a global market on that kind of market share. as it is as you were pointing out, america has actually had very very robust oil production. it has been rising faster than any other non-opec country. i sometimes think americans don't know how lucky they are in terms of energy prices. >> i know at least because of taxation among other reasons, the prices in europe are much much higher. so let's talk about why they have come down though. when you put aside the nonsense where you are giving credit or blame to any politician what is the real reason? >> when americans are driving on memorial day, they should raise a glass to the greeks. because it's because of the fact that the european economy is in such

christa freeland, at thompsons reuters.ng through your mind as you watch this. >> to me, the most important question is does this trigger a new round of the euro crisis. you've been making parallels between the plight of a greece, the plight of a spain, and the potential debt crisis in the united states. but there is a big difference. these guys do not control their own currencies. if you control your own currency in a situation like this, you can print money to pay off your debt or you can devalue your currency and that's a way to restore economic competitiveness. they don't have that option now. does this mean that you start a gain to have countries starting with greece say actually this europe thing it not working for us. >> it works out for my viewer. what happened if the eurozone starts to come apart, if countries stacountry s stop using the currency. does that weaken the currency overall? >> what it could mean, there isn't the -- the euro was sort of constructed like a roach motel. you could go in, but you couldn't go

joining us now in new york, christa freeland, editor of thompson reuters digital, and here in washington dana millbank, columnist for the washington post, and johna goldberg, editor of national review on-line, a fox news contributor and author of the new book "the tierney of clash yeas." how criminals cheat. why have the media made such an issue about how it was unseemly for president obama to trump et the fact that he approved the mission that killed osama bin laden. >> i guess because we love issues and we love political fights. you asked earlier, howard, was this a phony war? i think it absolutely is. i mean, there is an election campaign going on. this is absolutely a reasonable thing for the president to brag about, and let's remember that democrats very, very often are accused of being weak on national security, so i think fair enough for him to say, look, i'm not, and this president in particular is someone whose ability to make these kinds of calls were questioned. remember, hillary clinton in the 3:00 a.m. ad. i think that this is fair, and, you know, the republicans are complai

director of research for thompson reuters and she has some advice on the other way for facebook.rding to starmine research, the stock should be valued at $9.50. she joins us now to talk about that. it's based on intrinsic value, but how do you determine briefly and in english how you get to intrinsic value. >> well, sue, there's a lot of investors out there who believe facebook is going to turn out to be exceptional. what sbrensic valuation model does is lets how much the company worth today if it turn out to be good. having said tharks the company in order to justify its value today would have to grow at a rate of 23.1% every year for the next ten years. and its net income would have to grow eight-fold over the next ten years. that $8 billion in profit would mean the company would have to be as profitable as google within ten years. >> within ten years. all right. so you have a revised growth rate that you think is more applicable to the company. >> yes. >> and it is significantly below 23%. >> right. it's 11.2%. which puts facebook's share price at $9.86. >> so what is your tak

while expectations were pretty low for same-store sales, thompson reuters expected a growth of just 1.5%ll did disappoint, growing just 0.8%. few know costco better than you, carl, but i would argue it's higher than midlevel. it's got gasoline, currency, fluctuations, some other retail who report monthly don't have to deal with. including international for electronics, it becomes the weakest. electronic sales have been weak for a number of months, and while traffic remains strong, average tickets slowing to the lowest pace in more than a year at costco. warm march weather and an early easter likely did pull demand forward for macy's. but the majority of analysts are still bullish on the magic of macy's the next 12 months. the average price target is 44, which is 8% higher than where we are right now. the cooler weather does seem to have impacted target's apparel sales. the big box did see strength in food, home and beauty, and household goods sales. their growth has accelerated until april. but analysts aren't entirely concerned that a disappointing april will translate into a weakening