. >> tom: good evening, i'm tom hudson. susie has the night off. calls for a sustained global economic rebound, not a bounce, as world economies slow. from higher minimum balances, to rising fees for a.t.m.'s and overdrafts, a new survey shows free checking is anything but. and apple sells five million iphone 5's over the weekend, but some expected more. that and more tonight on "n.b.r."! >> tom: u.s. investors began the week focused again on the global economy. the latest sign of worry: business confidence fell in germany for a fifth straight month in september. the international monetary fund today called on the international community to help finance the bailouts of euro- zone countries. that had u.s. markets following global markets lower. the dow fell 20 points, the nasdaq lost 19 and the s&p was down three. those worries in europe, are part of the reason the international monetary fund is shaving it's outlook for the global economy. the i.m.f.'s managing director says the trend has been clearly heading down. and, as darren gersh reports, she

i'm tom hudson. convincing talk from ben bernanke today that the federal reserve is ready to act to boost the economy. >> susie: i'm susie gharib. investors around the globe welcome the fed chairman's speech with a spirited rally. >> tom: planes, trains and automobiles. 33 million americans are heading out for the holiday. the travel outlook for labor day and beyond. >> susie: that and more tonight on n.b.r.! >> susie: ben bernanke made a strong case today that the u.s. economy needs more stimulus and he's ready to give it another dose to boost growth. his message was clear and delivered with conviction. investors around the world had been waiting eagerly to hear the fed chairman's speech in jackson hole wyoming and stocks in the u.s. rallied in reaction. here are the highlights: bernanke said even though the economy has benefited from fed policies over the past few years. the outlook is still quote "far from satisfactory." he described the high unemployment rate a grave concern. he believes the fed

>> tom: i'm tom hudson. mitt romney releases his 2011 tax return. he paid an effective tax rate of just over 14%. >> susie: and the tax return highlights the debate over americans who contribute to the economy and people who take government handouts. we look at the campaign debate of the makers versus the moochers. >> tom: that and more tonight on "n.b.r." >> tom: a new phone and a new record high stock price during the day for apple. die hard fans lined up at apple stores worldwide to be among the first to get their hands on the new iphone 5. by one estimate, lines were almost twice as long compared to the wait for the last version. but un-characteristic for an apple product launch. there are growing complaints about one of the device's biggest changes. its maps. erika miller reports from new york. >> reporter: in a predictable ritual, apple fans camped out overnight to get their hands on the new iphone 5. many are loyal apple fans, eager to upgrade: what features are you most excited about? >> the screen-- the larger screen, the camera, i'm intere

. >> tom: i'm tom hudson. are you one of the 47% of americans that don't pay federal income taxes? mitt romney pushes taxes to the forefront of presidential politics. >> susie: and ford c.e.o. alan mullaly puts to rest rumors he's prepping for retirement, telling us he's staying put as he rolls out the new ford fusion. >> tom: that and more tonight on "n.b.r." seeing the world one box or envelope at a time gives a company a unique perspective on the global economy. today, that company is fed-ex,çó and the picture it paints isn't encouraging. the shipping giant saw its fiscal first-quarter profit drop 1%. it also lowered its earnings outlook for the rest of the year. fedex now expects full year earnings to be a maximum of $6.60 a share. that's much lower than the guidance it gave in june as erika miller reports, that forecast is not just bad news for transportation companies, fedex's gloomier outlook casts a shadow over just about every industry. >> reporter: fedex is no ordinary stock. the company delivers packages to over 220 countries, reaching 95% of global g.d.p. >> fedex has a

>> tom: i'm tom hudson. the democratic national convention is underway in north carolina. we talk with austan goolsbee. he's the chief economist on the president's economic recovery board. >> susie: and gas prices are up, but consumers were scrambling to buy new cars. we'll find out why auto sales were so revved up in august. >> tom: that and more tonight on nbr! >> susie: back to business, back to school, and back to another cautious day on wall street. stocks were mixed on this first trading day of september as investors sorted through a new batch of economic numbers. manufacturing activity in the u.s. dropped for the third straight month. the institute of supply management's gauge of manufacturing slipped in august to 49.6, the lowest reading in two years. american factories have been a critical source of new jobs. a separate report showed that spending on construction projects in july dropped. that decline comes after three months of gains. all that discouraging news weighed on stocks. the dow lost 55 points, the nasdaq added eight, and the s&p fell by almost two point

i'm tom hudson. hiring slows in august. just 96,000 jobs are added to payrolls. and that puts more pressure on the federal reserve to act when it meets next week. >> susie: i'm susie gharib. intel warns about chip sales and analysts blame it on the shift to tablet computing. >> tom: he's "n.b.r.'s" longest running market monitor guest and he's been in the bull camp for three years. tonight investech's james stack tells us why he's pulling in his horns. >> susie: that and more tonight on "n.b.r."! >> tom: hiring stalled in august. expectations were for robust job growth last month. but, susie, when the numbers were added up, they fell way short. >> susie: tom, today's disappointing jobs report is fueling speculation the federal reserve will have to step in to further stimulate the economy. here's a closer look at the job numbers: businesses added only 96,000 new jobs to payrolls last month: economists were expecting 125,000. meanwhile, the unemployment rate slipped to 8.1%: down from 8.3% in july. >> susie: but, that decline is not what it seems. we have two repor

>> tom: i'm tom hudson. a game changer in the defense industry, two of europe's biggest players look to join forces, just as the u.s. defense industry prepares to slim down. >> susie: the latest census numbers are in, and a record 46 million people remain below the poverty line. >> tom: that and more tonight on "n.b.r."! >> susie: thinner, faster, taller. we're talking about apple's hotly anticipated iphone 5. it was unveiled today in san francisco, and investors were impressed, juicing the shares up to $669 a share. but does the new device live up to the hype? erika miller takes a closer look at whether the new iphone will be fruitful for apple. >> reporter: this is the new device that could upset the apple cart in the smartphone indury. apple c.e.o. tim cook unveiled the iphone 5 in san francisco. and it has new features designed to fend off competition from rival android phones. >> it is an absolute jewel. it is the most beautiful product we have ever made bar none. >> reporter: now the nitty gritty: the

i'm tom hudson. susie has the night off. housing prices continue rising and consumers become more confident-- two bright spots of the economy. was the bank bailout overdone? hear what a former top regulator says about the rescue. former fdic chairman sheila bair joins us. and if american airlines and its pilots strike a deal tomorrow, it could mean fewer delays for customers and the company's bankruptcy. that and more tonight on nbr! captioning sponsored by wpbt >> tom: some encouraging news tonight for the housing market and consumer confidence. first, housing-- a measurement of prices in 20 cities across the country rose four tenths of a percent in july. that's the sixth straight month of gains for the s&p case- shiller home price index. and consumer's are feeling more optimistic. the conference board's confidence index rose to 70.3 in september, marking its highest level since february. these two groups, consumers and housing, are significant because of their influence over the entire economy. >> with the improvement in c

i'm tom hudson. susie is off tonight. new home sales cooled a little this summer but prices jump to their highest level since the recession. radio shack sacks its c.e.o., promising to move in a new direction. but how does a niche player find its footing between the big box retailers and online competitors? and paying for college. the confusing and complex business of figuring out financial aid. that and more tonight on "n.b.r."! a silver lining today in some so-so economic news. the commerce department says sales of new homes slipped slightly in august compared to july. but, year over year new home sales were up nearly 28%. the northeast saw the most robust action, but sales dropped in the south. in the midwest builders say consumers are scrambling to build before mortgage rates and land prices increase. diane eastabrook has more. >> reporter: oakley home builders didn't have a buyer when construction started last spring on this three story spec house in tony hinsdale, illinois. >> this is the great room, this is the fami

. >> tom: i'm tom hudson. we continue our look at the national debt, this man says all that red ink is a national security issue. formerenator sam nunn joins u.s. >> susie: and with record low interest rates continuing, where best to invest in bonds, it's tonight's "street critique." >> tom: that and more tonight on "n.b.r."! >> susie: the housing recovery is looking better and better. more economic data showing that the housing sector is getting stronger. sales of existing homes jumped nearly 8% last month to a 4.82 million unit annual rate. that's a two-year high. construction of new homes and apartments rose 2.3%. the big gain was in single family homes. erika miller takes a closer look behind the numbers and gives us a status report on the housing recovery. >> reporter: when it comes to real estate, august is typically a slow month, but the latest housing data suggests there was strong momentum heading into the fall. the median price for a home resale surged to $187,400 during the month. that's up nearly 1

. >> tom: i'm tom hudson. susie is off tonight. apple's expected to debut the i- phone 5 tomorrow. it may be technology's next big thing, but its influence extends well beyond apple. from freight to fashion to semiconductors-- three major bellwethers have warned recently about their financial forecasts. is corporate profit growth cracking? and another warning about the fiscal cliff-- find a solution or risk a lower credit rating for america. that and more tonight on nbr! in less than 24 hours, we'll get our first peak at apple's new phone, dubbed iphone 5. expectations are high it will offer everything from a larger screen to a panoramic camera. nevertheless, shares of apple dipped slightly today in advance of the announcement. and, as suzanne pratt reports, all investors should be watching how the stock performs. >> reporter: it's known as the "apple effect." apple's stock is up; so is the broader market. apple shares fall; major averages drop, too. the world's most valuable company makes up nearly 5% of the s&p 500 index. thanks to apple's huge gain this year, the s&p is up 14%.

i'm tom hudson. a warning from fedex raises new questions about the health of the global economy, as shipping slows around the globe. >> susie: i'm susie gharib. so, how's your economy? our coverage of election 2012 continues, we ask small business owners if they're feeling better now than they did four years ago. >> tom: and nokia and motorola look to up the ante against the iphone, as the companies unveil new models in the smart phone wars. >> susie: that and more tonight on "n.b.r."! >> susie: more worries about the global economy. the trigger this time came from fedex. the giant shipper issued a profit warning for the current quarter overnight, saying weakness in the global economy is reducing international shipments. the gloomy fedex forecast weighed on investors who are already stressed out about the sluggish world economy, and on edge about what european policymakers will decide about the euro-zone's financial problems at a key meeting tomorrow. on wall street, the dow rose three points, but t