i'm tom hudson. >> susie: and tom you have a great week. i'm susie gharib, and we hope to see you all next week. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org vo:geico, committed to providing service to

report" with susie gharib and tom hudson. "nightly business report" is made possible by: >> tom: good evening, and thanks for joining us. 13,000 is finally back. after trying for days, the dow did it, susie, closing above that number. >> susie: tom, it's the first time the blue-chip average has been above 13,000 in nearly four years. behind today's move: a report that consumer confidence is at its highest point in a year, and a sharp drop in oil prices. the dow gained 23 points to close at 13,005; the s&p 500 was

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 will be along a little later in the program. no dividend for apple shareholders. investors were hoping that apple would announce today its first ever dividend payment at its big annual meeting. with apple sitting on $100 billion in cash, shareholders have been clamoring for a dividend. this was the first question from the floor to c.e.o. tim cook at the meeting held at the company's headquarters in cupertino, california. cook responded, "we're thinking very deeply about the question. the board wants to do what's best for shareholders. please have patience." looks like investors are holding out-- apple shares surged almost $4, closing at $516.39. >> susie: our guest tonight thinks apple stock could hit $585 this year. he's scott sutherland, research analyst covering wireless for wedbush securities. scott, nice to you have with us. >> great, thanks for having me, susi

i'm tom hudson. >> susie: and tom you have a great week.i'm susie gharib, and we hope to see you all next week. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org vo:geico, committed to providing service to its auto insurance customers for over 70 years. more information on auto insurance at geico.com or 1-800-947-auto any time of the day or night.

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, american businesses are hiring again. they added 243,000 jobs in january, way above expectations. the unemployment rate fell to 8.3%-- the lowest in three years. that's a big drop from 8.5% percent in december. >> tom: decent numbers. susie, this is good news for out-of-work americans, for the economy and for investors. stocks rallied strongly on that jobs report. the dow surged 156 points, closing at its best level since may of 2008. the nasdaq jumped almost 46 points, and the s&p added almost 20 points. >> susie: today's employment report is the strongest signal that the u.s. economy is improving. now everyone from wall street to main street is hoping it's for real. darren gersh reports. >> reporter: the best news in the december employment report is the tnd. from a low of 112,000 in october, job growth has been steadily moving higher. the average of the last three months

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. after more than a year of negotiations, state attorneys general are close to a deal with the nation's five biggest banks over foreclosure abuses. >> susie: tom, just a few >> susie: that's when bank workers signed off on foreclosures without first checking the documents. bank of america, wells fargo, citigroup, ally financial, and j.p. morgan chase could pay an estimated $25 billion to put robo-signing claims to rest. >> tom: once that happens, what will it mean for a housing market that is still struggling to find a bottom? darren gersh begins our reporting from washington. >> reporter: up to now, most of the efforts to help underwater homeowners have focused on reducing their interest payments. but consumer advocates like ira rheingold hope the robo-signing settlement will focus action on the real problem-- reducing the debt burden for homeowners who owe more th

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. a reprieve in greece, but the risk has not been removed. european policymakers signed off on a $171 billion aid package for greece early this morning. now, private investors have to approve the deal, susie. >> susie: tom, there are some doubts about getting that approval, but investors here on wall street were relieved that greece will not default on its debt. the news powered u.s. stocks, helping the dow break through the 13,000 level, briefly. but by the closing bell, the rally fizzled-- the dow was up by only 15 points, the nasdaq lost three, and the s&p inched up a point. >> tom: this new agreement to save greece from going bust focuses on getting lenders to forgo loans, and for greece to stick to its budget. this deal is called both ambitious and long-awaited: 130 billion euros-- about $170 billion-- to make sure greece doesn't default next month. it's the se

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. not much love on wall street on this valentine's day. a disappointing report about retail sales, susie, led to a choppy day of trading in stocks. >> susie: tom, investors have been feeling encouraged by a steady stream of reports showing an improvement in the economy. but today's retail sales were not as strong as expected. u.s. retail sales increased only four-tenths of a percent in january, half what economists were expecting. a sharp drop in car sales was a major factor. the major stock averages were down most of the day, but by the close, the dow rose four points, the nasdaq added a fraction, and the s&p fell a point. joining us now with more, scott wren, senior equity strategist at wells fargo advisors. >> susie: nice to have you with us. >> hi, susie, thanks. >> susie: so there's been concern about economic growth after seeing today's numbers. should that be

i'm tom hudson. happy leap year. good night everyone and good night to you too, susie. >> susie: good night tom. i'm susie gharib. 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 vo:geico, committed to providing service to its auto insurance customers for over 70 years. more information on auto insurance at geico.com or 1-800-947-auto any time of the day or night.

i'm tom hudson. good night everyone and good night to you too susie. >> susie: good night tom. i'm susie gharib good night everyone, we hope to see all of you again tomorrow night. "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: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. a strong warning today from federal reserve chairman ben bernanke, and a pledge about reforms from the treasury secretary. first, susie, the fed chairman told a house panel the federal budget deficit is growing at an unsustainable and potentially dangerous rate. >> susie: tom, the fed chairman urged the house budget committee to make easing the growing divide between government revenues and expenses a priority. he blamed the rising deficit on an aging population, higher health care costs, and most recently, the recession. >> tom: but bernanke warned lawmakers that slashing federal spending also carries risks. just last week, the fed forecast the economy wouldn't fully recover for another two to three years. and he said the combination of high unemployment, low consumer confidence, and a weak housing market make cutting federal spending a delicate job. >> even as f