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May 30, 2012
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. >> tom: good evening. i'm tom hudson, susie has the week off. investor worries focus on spain, sending u.s. stocks tumbling. facebook's banker defends its role in the stock sale as shares continue sinking. with lawsuits multiplying, could shareholders get any money back? and our summer travel series, where in the world will the rising u.s. dollar go the farthest. that and more tonight on n.b.r. if you hoped worries about europe would be on hold until greece's next election in june, those worries have shifted to spain this week. we learned today customers have withdrawn almost $40 billion from spanish banks, fueling concerns over the stability of that country's financial system. suzanne pratt reports. >> reporter: you can't see it, you can't smell it, but fear is definitely the dominant emotion on the floor of u.s. stock markets. for the past few weeks, it's mostly been about greece. today it was a lot about spain and the banking crisis brewing there. >> they don't really know and we all don't know how to digest all this information. what's bad n
. >> tom: good evening. i'm tom hudson, susie has the week off. investor worries focus on spain, sending u.s. stocks tumbling. facebook's banker defends its role in the stock sale as shares continue sinking. with lawsuits multiplying, could shareholders get any money back? and our summer travel series, where in the world will the rising u.s. dollar go the farthest. that and more tonight on n.b.r. if you hoped worries about europe would be on hold until greece's next election in june,...
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May 29, 2012
05/12
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. >> tom: good evening. i'm tom hudson. susie is off tonight. research in motion warns about job cuts and losing money. what this could mean for the future of the blackberry maker. then, national home prices continue falling, but there are more signs housing may be finding its footing. and european anxieties shift to spain with that country's economy showing more signs of stress. that and more tonight on "n.b.r." new data on the housing market provided hope spring may bring some stabilization even as prices remain lower compared to last spring. as darren gersh reports from washington, there are some encouraging signs. >> reporter: at a first glance, the s&p/case-shiller home price numbers today are mixed, basically flat or just a tiny increase in march from the month before. but add that news with other recent reports showing strong housing starts, homes sales and rising builder sentiment, and you get a pattern. >> what you see is a pattern of increasing stability, maybe even hints of gathering strength. >> reporter: the s&p case shiller index s
. >> tom: good evening. i'm tom hudson. susie is off tonight. research in motion warns about job cuts and losing money. what this could mean for the future of the blackberry maker. then, national home prices continue falling, but there are more signs housing may be finding its footing. and european anxieties shift to spain with that country's economy showing more signs of stress. that and more tonight on "n.b.r." new data on the housing market provided hope spring may bring some...
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May 8, 2012
05/12
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. >> tom: good evening. i'm tom hudson. susie is off tonight. worries about greece catch up to wall street. what turmoil there means for your portfolio. in illinois, caterpillar workers take to the picket line. what's at stake for them and the company? and, why internships aren't what they used to be, as we continue our look at the summer job market. that and more tonight on "nightly business report." it was all about europe today in u.s. financial markets. the dow tumbled 76 points, although it was down almost 200 earlier in the day. the nasdaq lost 11, the s&p fell nearly six. as suzanne pratt reports, the selling may be more than one-day indigestion. >> reporter: wall street's big reaction to europe's elections came a day later than expected. perhaps it's the time change, or more likely worries heating up about greece. in particular, u.s. investors wondered today exactly who's in charge in greece. europe's instability is a serious threat to america's fragile economy and corporate profits. some market pros say today's sell-off could be the sta
. >> tom: good evening. i'm tom hudson. susie is off tonight. worries about greece catch up to wall street. what turmoil there means for your portfolio. in illinois, caterpillar workers take to the picket line. what's at stake for them and the company? and, why internships aren't what they used to be, as we continue our look at the summer job market. that and more tonight on "nightly business report." it was all about europe today in u.s. financial markets. the dow tumbled 76...
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May 22, 2012
05/12
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. >> tom: good evening, i'm tom hudson, susie is off tonight. facebook shares sink on day two of trading as the nasdaq continues taking heat for bungling facebook's debut. the g-8 meeting and nato worries about europe's debt crisis easing a bit. and we begin a week-long look at veterans and hiring. tonight why wall street has a special place for returning soldiers, that and more tonight on n. b. r.. we begin with facebook. as facebook stock sinks below its going public price today, the nasdaq continues catching a lot of heat for a software glitch that delayed some orders when the stock debut on friday. the exchange blames a systems glitch that lasted about a mill i second for sending out software into a loop. erika miller on the potential fallout for the worlds second largest stock exchange. >> reporter: since its start nasdaq has tried to build a reputation as the most technologically advanced stock exchange, it scored a big victory over the rival new york stock exchange by landing the facebook listing, but now it must defend its ability to han
. >> tom: good evening, i'm tom hudson, susie is off tonight. facebook shares sink on day two of trading as the nasdaq continues taking heat for bungling facebook's debut. the g-8 meeting and nato worries about europe's debt crisis easing a bit. and we begin a week-long look at veterans and hiring. tonight why wall street has a special place for returning soldiers, that and more tonight on n. b. r.. we begin with facebook. as facebook stock sinks below its going public price today, the...
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May 12, 2012
05/12
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. >> tom: good evening. i'm tom hudson. j.p. morgan's big trading loss draws attention of the securities and exchange commission. >> susie: i'm susie gharib. banking analyst dick bove says the stock is still a buy, he'll tell us why. >> tom: and jobless benefits expire this weekend for tens of thousands of americans. we'll have an update. >> susie: that and more tonight on "n.b.r."! we begin tonight with j.p. morgan. investors dumped the bank's shares today, reacting to that surprising revelation of a big trading bet gone wrong. j.p. morgan stock plunged 10%. that sell off hung over wall street today. the dow lost 34 points, the nasdaq was almost unchanged and the s&p fell more than 4.5 points. erika miller has a closer look at the potential fallout for j.p. morgan. >> reporter: j.p. morgan's $2 billion trading loss may bring back memories of the 2008 financial crisis. but this time, most analysts think the damage will be contained. the situation today is quite different than 2008, when most big banks were massively overleverage
. >> tom: good evening. i'm tom hudson. j.p. morgan's big trading loss draws attention of the securities and exchange commission. >> susie: i'm susie gharib. banking analyst dick bove says the stock is still a buy, he'll tell us why. >> tom: and jobless benefits expire this weekend for tens of thousands of americans. we'll have an update. >> susie: that and more tonight on "n.b.r."! we begin tonight with j.p. morgan. investors dumped the bank's shares today,...
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May 9, 2012
05/12
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. >> tom: i'm tom hudson. pushing gold and stocks lower: fresh worries about the future of greece's economy. >> susie: and in washington, facebook faces tough questions about privacy from u.s. regulators. >> tom: th and more tonight on "n.b.r." u.s. investors shuffling the deck today as worries about greece's economy continue. today, they sold stocks and gold, sending the yellow metal down to a 17-week low. rt of the ason: a rally in the u.s. dollar. the two have an inverse relationship, and the u.s. currency has been rising on worries about the euro-zone. gold fell over $10 today to $1,594 an ounce. erika miller reports from new york. >> reporter: lots of shouting... ( shouting ) ...and lots of selling in the gold options pit today. the yellow metal has fallen about 3% this week alone. the steep declines seem surprising given gold is the ultimate safe haven and investors are growing more nervous about europe. so what gives? >> it's definitely correlated to strengthening of the u.s. dollar. if you look at the
. >> tom: i'm tom hudson. pushing gold and stocks lower: fresh worries about the future of greece's economy. >> susie: and in washington, facebook faces tough questions about privacy from u.s. regulators. >> tom: th and more tonight on "n.b.r." u.s. investors shuffling the deck today as worries about greece's economy continue. today, they sold stocks and gold, sending the yellow metal down to a 17-week low. rt of the ason: a rally in the u.s. dollar. the two have an...
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May 24, 2012
05/12
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. >> tom: good evening, i'm tom hudson, susie is off tonight. hewlett-packard sends 27,000 workers packing as it looks to focus on cloud computing. worries about greece's troubles spread throughout europe sends wall street on a wild ride. and another sign of spring for the housing market: new homes sales, and prices move up. that and more tonight on "n.b.r." >> tom: wall street spent the day deep in a sell-off as investors focused on the threat of greece pulling out of the euro-zone. but the mood changed in the last hour of trading, as buyers swooped in, sending the blue chip dow industrials briefly into positive territory. we'll get the latest out of europe in just a bit. but first the comeback in stocks: the dow cut a 200-point loss to just a six-point closing drop, the nasdaq gained 11 points and the s&p rose two. hewlett packard added to the late day optimism for investors, reporting a stronger than expected quarter. it earned 98 cents a share in the second quarter, better than estimates, and better than the company's own guidance. the stock
. >> tom: good evening, i'm tom hudson, susie is off tonight. hewlett-packard sends 27,000 workers packing as it looks to focus on cloud computing. worries about greece's troubles spread throughout europe sends wall street on a wild ride. and another sign of spring for the housing market: new homes sales, and prices move up. that and more tonight on "n.b.r." >> tom: wall street spent the day deep in a sell-off as investors focused on the threat of greece pulling out of the...
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May 3, 2012
05/12
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tom? >> tom: thanks, diane, some of that rain keeps those farmers inside where they can tweet and post on facebook. but what have you seen or heard about planting season so far with what we've seen as an unusually warm spring? >> well, some farmers actually got off to a fairly early start because we had a very warm march. so some were able to get their corn in the ground early. beans are starting to get under way. so right now here in iowa they've got about 50% of the corn crop in the ground, it's a little better in some states. so this is expected to be one of the biggest harvests this year, they're looking at planting about 96 million acres of corn. so this is going to be probably one of the biggest bumper crops since the great depression. >> tom: you talk about big supply and that will have to equal good command, and we've seen that. soybean prices in the teens, corn prices have perked up recently. both with a lot of international demand. i have to imagine that optimism is pretty high i
tom? >> tom: thanks, diane, some of that rain keeps those farmers inside where they can tweet and post on facebook. but what have you seen or heard about planting season so far with what we've seen as an unusually warm spring? >> well, some farmers actually got off to a fairly early start because we had a very warm march. so some were able to get their corn in the ground early. beans are starting to get under way. so right now here in iowa they've got about 50% of the corn crop in...
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May 16, 2012
05/12
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. >> tom: i'm tom hudson. pump prices continue to slide, and that could mean cash in your pocket this summer. >> susie: and when it comes to individual investors, will they or won't they buy the facebook i.p.o.? >> tom: that and more tonight on "nightly business report." they're could soon be more help for the u.s. economy. federal reserve policymakers say they're ready to step in with more help if needed. the central bank released minutes from its most recent policy meeting today. they show policymakers are worried the u.s. economy is heading over a fiscal cliff. that cliff is the expiration of tax cuts and the start of deep spending cuts in the federal budget scheduled early next year. darren gersh reports. >> reporter: just like the rest of us, the federal reserve is waiting to see where the economy goes next. at its late april meeting, minutes released today show several members of the fed's policy making committee thought more bond purchases might make sense. "if the economic recovery lost momentum or the
. >> tom: i'm tom hudson. pump prices continue to slide, and that could mean cash in your pocket this summer. >> susie: and when it comes to individual investors, will they or won't they buy the facebook i.p.o.? >> tom: that and more tonight on "nightly business report." they're could soon be more help for the u.s. economy. federal reserve policymakers say they're ready to step in with more help if needed. the central bank released minutes from its most recent policy...
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May 26, 2012
05/12
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. >> tom: good evening, i'm tom hudson. the summer driving season gets going with sharply lower gas prices across much of the nation. >> susie: i'm susie gharib. we wrap up our week long series on veterans and hiring with a look at a unique partnership in the healthcare industry. >> tom: and greece-proofing your portfolio, where best to invest if greece exits the euro. >> susie: that and more tonight on "n.b.r." 31 million americans are hitting the road this weekend to celebrate memorial day. this was supposed to start a driving season marred by record high gas prices. but, with the price of oil at its lowest level of the year, travelers are getting some unexpected relief. darren gersh reports. >> reporter: when was the last time you heard this about the price of oil? >> it should be a reason for calm. >> reporter: after a winter of soaring prices and low demand, oil inventories are now high enough to make it through the summer driving season that begins this weekend. and that means prices could even fall another nickel or
. >> tom: good evening, i'm tom hudson. the summer driving season gets going with sharply lower gas prices across much of the nation. >> susie: i'm susie gharib. we wrap up our week long series on veterans and hiring with a look at a unique partnership in the healthcare industry. >> tom: and greece-proofing your portfolio, where best to invest if greece exits the euro. >> susie: that and more tonight on "n.b.r." 31 million americans are hitting the road this...
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May 1, 2012
05/12
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. >> tom: i'm tom hudson. "sell in may and walk away from stocks?" some on wall street say," not so fast." >> susie: i'm susie gharib. chrysler sales revved higher in april, thanks to the jeep grand cherokee. >> tom: and what the facebook stock sale could mean for california's economy. we talk with state treasurer bill lockyer. >> susie: that and more tonight on n.b.r.! we begin tonight with the markets. investors kicked off the first day of may on the upside. the dow rose 65 points, the nasdaq added four, and the s&p up almost eight points. suzanne pratt looks at whether a wall street saying about may will prove true this year. >> reporter: today was a great start to what could be a rough stretch for u.s. stocks. still, nervousness about may persisted among professional investors on wall street. >> there is a certain amount of trepidation. first of all, everyone knows this is a weaker time seasonality-wise. there's the old saying, "sell in may and go away." >> reporter: investors may be particularly worried about this summer because you may remember
. >> tom: i'm tom hudson. "sell in may and walk away from stocks?" some on wall street say," not so fast." >> susie: i'm susie gharib. chrysler sales revved higher in april, thanks to the jeep grand cherokee. >> tom: and what the facebook stock sale could mean for california's economy. we talk with state treasurer bill lockyer. >> susie: that and more tonight on n.b.r.! we begin tonight with the markets. investors kicked off the first day of may on...
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May 29, 2012
05/12
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. >> tom: still ahead: the summer travel heats up. we start a weeklong look at the vacation business with the e.o. of the company behind comfort inn and econo-lodge. "nightly business report" is brought to you by: captioning sponsored by wpbt >> tom: big news in the world of smartphones after the closing bell tonight: blackberry maker research in motion expects it will have to cut spending and cut jobs as it will lose money in its first quarter. the company has been under increasing pressure as it has seen its blackberry business eaten up by apple's iphone and other devices running google's android operating system. scott sutherland is an analyst at wedbush securities. wedbush snls, , and scott, is it going to get worse at research in motion? >> obviously, as i have said in research, we think as long as they go with the integrated strategy, rimm could go the way of palm. this is faster than we i want add. >> tom: meaning the handset makeer and operator system. are you advocating a split? >> i think the best way to make value is to mak
. >> tom: still ahead: the summer travel heats up. we start a weeklong look at the vacation business with the e.o. of the company behind comfort inn and econo-lodge. "nightly business report" is brought to you by: captioning sponsored by wpbt >> tom: big news in the world of smartphones after the closing bell tonight: blackberry maker research in motion expects it will have to cut spending and cut jobs as it will lose money in its first quarter. the company has been under...
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May 8, 2012
05/12
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. >> >> tom: i'm tom hudson. new worries about the government debt troubles. >> susie: and who will succeedw. the million dollar question that went unanswers at berkshire hathaway's meeting. >> tom: we begin with oil prices. there is uncertain economy in the global oil market. crude figures fell for the fourth straight session. dropping 55 cents a barrel. now this drop in oil prices is clearly great news for drivers and the u.s. economy. suzanne pratt reports. >> the slip and slide in oil prices continue today. this time europe in it's bibig political changes were behind the investor selling. >> now with the election results we skau over the weekend they're concerned the measures that they would help europe will not come to pass. >> also the worry with the sell off is worries of the u.s. economy, and an easing of tension with iran. crude oil futures have dropped 7 percent in the last week and prices are $12 be low the february high. some predict the decline will last. >> i think we would go as low at 90 =tkrarz a
. >> >> tom: i'm tom hudson. new worries about the government debt troubles. >> susie: and who will succeedw. the million dollar question that went unanswers at berkshire hathaway's meeting. >> tom: we begin with oil prices. there is uncertain economy in the global oil market. crude figures fell for the fourth straight session. dropping 55 cents a barrel. now this drop in oil prices is clearly great news for drivers and the u.s. economy. suzanne pratt reports. >>...