i'm tom hudson. susie is off tonight. spain could ask for a bank bailout as soon as this weekend. in the u.s., president obama calls on congress to pass his jobs plan. we will look at the president's scorecard on job creation. and does america's failing financial literacy hurt the economy? that and more tonight on "n.b.r." >> reporter: i'm erika miller in new york. all around the globe, investors will be paying close attention this weekend to see if spain requests billions to bailout its banks. many spanish banks are in trouble because of bad real estate loans. the country's unemployment rate

i'm tom hudson. susie is off this week. global financial regulators hold an emergency call on europe's growing debt crisis. disney said no more to junk food ads on its children programming and what it means for disney's bottom line and a view of the economy from the rails and speak with the boss of norfolk turn on nbr. financial leaders from the group of seven leading industrialized nation addressed the growing crisis in europe and tempering europe's ability to contain its problems but the g-7 did not issue a statement but the u.s. treasury did said the group agreed to monitor ahead of the g 20s meeting in mexico june 18. after greece's election a vote could help determine whether it stays in the eurozone. the congressional budget said the u.s. debt will exceed the but several tax cuts are due to expire at the end of next year. u.s. stocks rising and an investors took a wait and see attitude and the dow in duf was. the farm bill headed to the floor. the u.s. senate and could grow billions in savings for the american taxpaye

i'm tom hudson. susie is off this week. a nervous wall street starts the week with no clear direction. but economic data continues pointing to a slowing u.s. economy, and that feeds fears of recession. then, how all this may play out at the ballot box. we kick off a week long look at election 2012, jobs and the economy. that and more tonight on "n.b.r." it was a choppy day of trading on wall street. fresh worries about the u.s. economy and europe's debt crisis kept investors on edge. the dow lost 17 points. while the nasdaq added 12, the s&p 500 closed nearly unchanged. suzanne pratt tonight, takes a look at where stocks may be headed. >> reporter: for stock investors, today was certainly an improvement after friday's big se-off. but, even though trading was calmer, maet pros say anxiety about spain and greece remains high. >> i still think the tone to the market is somewhat negative. i think very politically driven and very headline driven. and, so to that end we look at it very minute to minute to see what's developing in

i'm tom hudson. susie has tonight off. lower credit ratings for several big banks could wind up costing their customers. the supreme court ruling on the health care reform law is due next week. tonight, we look at what the outcome could mean for two small businesses. and general motors is growing in russia. that and more tonight on "n.b.r." the outlook for the biggest of the big banks in the u.s. and europe isn't pretty, at least according to credit ratings firm moody's. it cut the credit ratings of six big u.s. banks late yesterday, months after warning it would do so. but investors mostly shrugged off the worries even though the action threatens to make banking more expensive for customers. suzanne pratt reports. >> reporter: of the five u.s. banks downgraded by moody's, citi, j.p. morgan chase and bank of america deal directly with consumers. today, people were still trying to figure out what the move means for them. >> i'm familiar with the issue. i just read the headline l+s1 night. i wasn't that concerned until now.

i'm tom hudson. susie is off tonight. spain could ask for a bank bailout as soon as this weekend. in the u.s., president obama calls on congress to pass his jobs plan. we will look at the president's scorecard on job creation. and does america's failing financial literacy hurt the economy? that and more tonight on "n.b.r." >> reporter: i'm erika miller in new york. all around the globe, investors will be paying close attention this weekend to see if spain requests billions to bailout its banks. many spanish banks are in trouble because of bad real estate loans. the country's unemployment rate is nearly 25%, making it increasingly difficult for many spaniards to pay their mortgages. if spain needs help, it would mark a new low in the european financial crisis. although greece, ireland and portugal have already received bailouts, spain's economy is much bigger. >> spain's debt is essentially bigger than all of the other three combined. and the other issue with spain, also, because of its size-- if a country as big as spain gets bailed out, then the question is who is next? >> report

. >> tom: i'm tom hudson. what's at risk with greece's weekend election? the outcome may decide whether the country sticks with the euro. >> susie: and our small business series continues. how a global bank is helping entrepreneurs. >> tom: that and more tonight on "n.b.r." >> susie: another black eye for today reportedly it was warned two years ago that traders made bad bets that cost j.p. morgan $2 billion in loss and now they're mounting. erica himmer reports. >> reporter: it was a month ago that j.p. morgan revealed its bad derivatives bet. at first, the bank pegged its loss at $2 billion, but now there are estimates as high as $5 billion. that would be roughly a quarter of its earnings last year. j.p. morgan wouldn't comment on the losses. also, there are reports that alarm bells went off about risky trading at the firm's london office as much as two years ago. investors are clearly nervous. j.p. morgan shares have dropped nearly 20% since the losses were revealed, slicing roughly $30 billion in market value. but analyst jim sinegal sees 50% upside for

. >> tom: i'm tom hudson. central bankers will continue buying bonds hoping to lower interest rates even more. former fed governor randy krozner joins us. >> susie: and the "tide" turns for procter and gamble, the household products maker blames europe for slower growing profits. >> tom: that and more tonight on "n.b.r.!" >> tom: the federal reserve said today it's extending its latest stimulus program to prop up the u.s. economy. but investors wanted to see more aggressive action. after a two day meeting, here's what the central bank decided: it renewed "operation twist", this is a bond-buying program with the goal of bringing down long-term interest rates, and mortgage rates. the program is extended to the end of 2012, it was set to end on june 30. that wasn't good enough for wall street: the major averages fell immediately after the news, and then see-sawed the rest of the day. by the close the dow lost about 13 points, the nasdaq rose a fraction, and the s&p slipped two points. speaking to reporters after

i'm tom hudson. the 19th time is the charm, european leaders meet for a 19th time, finally agreeing to new measures to help fix the region's debt crisis. >> susie: i'm susie gharib. u.s. markets soar, on word of that deal in europe, the dow jumps 277 points. >> tom: our look at the foodie craze continues, with food trucks. how these mobile restaurants are driving the latest trends in gourmet food. >> susie: that and more tonight on "n.b.r." >> susie: a huge stock market rally today, after european leaders surprised investors with a new plan of big financial reforms. as europeans wrapped up a two- day summit, they called the deal quote a "breakthrough." the key reforms: a banking union for the euro-zone, and a more liberal bailout fund, to support the region's troubled countries. investors had low expectations from this 19th summit, but the news sparked buying in the u.s. and markets around the world. the dow surged 277 points or a little over 2%, the nasdaq added 85, and the s&p up 33. europeans stil

i'm tom hudson. susie gharib is off this week. no hints of additional economic help coming from the federal reserve right away. will new rules make banks safer? the former chair of the financial crisis inquiry commission will join us. and, "made in america", how one lettuce farm is harvesting the green. that and more tonight on "n.b.r." the federal reserve chairman did not give markets the kind of clear signal they wanted. but he did lay out his thinking on the risks and the key questions facing policy makers as they ponder their next moves. under close questioning from members of congress, bernanke defended fed policies to bolster the economy and he argued fed policy would not lead to higher inflation down the road. darren gersh reports. >> reporter: moderate. that's how ben bernanke describes economic growth these days. it's not the kind of forecast that raises alarm bells, but with unemployment still high, it may also not be enough to put more people back to work. here's what's worrying bernanke. if, in the worst of the recessi

i'm tom hudson. susie gharib is off this week. stocks surge as central bankers in europe and the u.s. calm investor worries about the economy. buyers took charge, the dow industrials jump 286 points, its best one-day gain this year. and the nasdaq unveils plans to fix the bungled facebook trades. that and more tonight on "n.b.r." stocks saw their biggest gains of the year thanks to signs more help for the economy could be coming. the dow surged 286 points, back in positive territory for the year. the nasdaq jumped 66 and the s&p added 29. suzanne pratt looks at how the u.s. and european central banks fueled today's buying. >> reporter: here's what u.s. interest rates look like today. incredibly, the stock market would like the federal reserve to push them lower. the atlanta fed president fueled those hopes today when he said: those actions include the fed's so called operation twist. >> this program which is scheduled to expire this month will probably be extended and or they might actually twist the twist to use the expression tr