u.s. economy. taking a look at the latest long-term interest rates, the yield on the benchmark 10-year japanese government bond is up nearly one basis point so far. in other asian markets we're seeing gains across the board. hong kong is up 0.4%. shanghai is up over half a percent and shenzhen is up a quarter of a percent it this wednesday morning. >>> the nuclear accident in fukushima is causing many countries to reconsider their current energy policies. among them is turkey. this nation is set on plans to build nuclear power plants to keep up with its growing economy, but controversy is heating up in this quake-prone country whether or not to go on as planned. nhk world correspondent sends this report from turkey. >> reporter: turkey is an emerging economy that is enjoying rapid growth like china and india. 12 years ago the country was hit by a major earthquake that killed more than 17,000 people. >> translator: some buildings collapsed entirely. 150 to 200 people were killed. words cannot expres

u.s. economy doing poorly, but, simply put, the u.s. economy is growing at a trend-like rate. >> reporter: so where does all this leave stock investors, who have watched the market gain 25% the past nine months? is it time to take profits? strategist david bianco says no. >> if individual investors should be doing anything relative to the end of qe2, they should actually be making their move from fixed-income a little bit more toward equities. we think large-cap u.s. stocks with global exposure are where investors should be. >> reporter: so there's been a qe1 and a qe2, what about the possiblity of a qe3? most experts say slim to none, unless there is a major unexpected shock to the economy. erika miller, "nightly business report," new york. >> suzanne: here are the stories in tonight's n.b.r. newswheel: stocks bucked a downtrend. the dow gained 38.5 points, the nasdaq rose 15, the s&p 500 was up four. big board trading volume hit 963 million shares. nasdaq held steady above 1.9 billion. and japan's earthquake and tsunami took a toll on

u.s. economy. high tech investment and spend sg is actually doning with -- very well, has rebounded from the recession and is doing great. theories the positives much the real problem in our economy is that the housing sector, which is a big part of our economy, was hit really hard and is basically still deeply depressed, as i said. if you asked me a year ago where was housing going to be right now i would have thought it would still be low but starting to see signs of improvement. what's happened instead of that is we've seen house prices continue to decline further than i think we expected. we've also seen just a reluctant -- reluctance and we hear this from people we talk to and in the data, just a reluctance to get back into housing. people buying homes at small levels and very, very little construction going on. that was a big part of the hit we took in arizona and nevada and california. eventually i see the u.s. economy improving, the recovery gaining momentum and i think california and the we

u.s. economy no you. because the business of america is war as opposed to the business of china is business the united states is draining the treasury before our eyes look since the libyan war what a billion dollars already spent i just saw report today since the war on terror the united states is gone two trillion dollars we have known our manufacturing base we have now number two to china now it's not going to solve everything what it will do is however it will give other countries a more stable reserve currency to deal with because they don't want to get stuck with a lot of worthless paper i'm curious they're all i mean about the feasibility of this idea we got these sort of more mainstream people talking about implementing the gold standard but what this does is this takes the reins away from the elites here in washington from those you know at the fed and currency manipulation so despite these calls from these now respected business leaders don't you think there'll be a lot of pushback from those you

u.s. economy and and kind of the global financial system the c.f.a. institute conference which is you know that's a body to control access and of russia longer than vesting it's also touted you know by the financial times as kind of setting the conventional wisdom in some ways and they seem to be pretty bearish on the. the financial recovery the economic recovery and the united states is role in that and to hedge against that they've advocated you know investing in u.s. farmland and gold in currencies of emerging markets is this becoming the conventional wisdom is up to conventional wisdom hi bill really see that i mean the fact in there is that markets risen very you know very impressively over the last year or so so obviously while people invest in the stock market i know there are gold diggers out there in the gold was doing very well but bulls nation today. recently i think it has taken a bit of a turn i personally don't think that makes sense i mean the idea that somehow the u.s. economy is going to be racked by huge amounts of inflation which is

u.s. economy. investment and spend sg is actually doning with -- very well, has rebounded from the recession and is doing great. theories the positives much the real problem in our economy is that the housing sector, which is a big part of our economy, was hit really hard and is basically still deeply depressed, as i said. if you asked me a year ago where was housing going to be right now i would have thought it would still be low but starting to see signs of improvement. what's happened instead of that is we've seen house prices continue to decline further than i think we expected. we've also seen just a reluctant -- reluctance and we hear this from people we talk to and in the data, just a reluctance to get back into housing. people buying homes at small levels and very, very little construction going on. that was a big part of the hit we took in arizona and nevada and california. eventually i see the u.s. economy improving, the recovery gaining momentum and i think california and the western stat

u.s. and in developing economies have been picking up. names like jameson whiskey, absolut vodka and chivas scotch have fueled the profit growth at french liquor giant pernod ricard to the tune of about 7% this year. we spoke with the company's c.e.o. pierre pringuet, starting with how he sees the u.s. economy. >> well, it's definitely improving. and we can see that today. the spirit market is growing, back to growth. so what is good for us is tha that... >> tom: what do you think is driving that with unemployment still generally thought of as pretty high in the united states? >> yes indeed. but when we look at some consumer confidence index, it is improving. so i think that's the background situation, and for us it's relatively -- >> tom: you are based in france. western europe is the weakest spot for new terms of growth. is they a reflection of the european economy and some of the debt questions that are happening with governments? >> i would say that france is behaving relatively well. we posted 4% growth, organic growth for the last n

u.s. economy and budget china does not have to be there and certainly china also recognizes that the u.s. provides stability on the other hand the chinese seek to deny military force projection capabilities to us and they will forces in the western pacific by the deployment of the new chinese anti carrier ballistic missile system and other new technologies recently unveiled by the chinese military that is of great concern and turn to the u.s. leadership but how so roger break that down for me this is what i don't get the united states state spends six times what china does on its military more than the rest of the world combined i don't understand how these chinese a development are such threats to the united states military that is so financed so well financed by china not to mention. financing does not equate to force projection and strategic concerns when you have a new chinese ballistic missile system that can take out any u.s. carrier within sixteen hundred miles of the chinese coast that essentially denies force projection capability to the us navy both at sea and in terms of air po

u.s. economy. the last few weeks it's becoming a bit clearer that growth is starting to slow. ly only a mid-cycle correction. markets are getting a bit nervous about that. we have the u.s. manufacturing ism. sounds a bit technical but probably the best indicator of the u.s. cycle. that comes out on wednesday. the nonfarm payrolls, best unemployment numbers come out on friday. those should give us a pretty good steer. >> what's happening in the factories. >> exactly. >> you describe this as a mid-term cyclical correction or a blip for the u.s. economy. nothing more serious? >> i think that's the most likely outcome. we're two years into recovery. we've had inventories built up. companies are manufacturing lots of things. they're not selling quite as much as they were. the amount left in the warehouse is starting to go up. 10% year on year. >> you're not worried about a longer term slowdown here? china obviously is showing signs of showing as well. europe is in trouble. so the engine, the two big engines are stalling at the moment. yet the u.s. -- you think the u.s. consumer will

u.s. economy. he's alfred edmond jr., senior v.p.and editor at large at "black enterprise." >> recently, the white house kicked off national small business week by releasing the small business agenda, "growing america's small businesses to win the future," a report emphasizing the importance of supporting america's entrepreneurs. the work of president barack obama's administration in this area is of particular interest to black entrepreneurs, including the 1,000 or more who will be in atlanta for the 2011 "black enterprise" entrepreneurs conference. the good news is that between 2002 and 2007, black-owned businesses grew by 60%, more than three times the growth of all firms over that five-year the bad news is that the jury is still out on how many of those businesses survived the great recession of 2008-2009. and for all of the celebration of small business as the engine of job creation, too many business owners in underserved urban communities don't see the connection between white house small business policy and the day-to-day tria

u.s. economy, but world economy. that is something that is very special, here in california, and san francisco. our representatives in the u.s. senate, barbara boxer and dianne feinstein, women, minority leader, former speaker of the house of representatives, nancy pelosi. go up and down the peninsula, sacramento -- women, women. we do not just enable women to lead in the bay area, we cherish their leadership. it is very special and important to us. having this in san francisco is going to be a big deal. we are not just going to welcome it, we are going to make it happen in a big way. we are going to count our on our friends here in city hall to do et like none other. when it comes to being on the world stage, i think that we are going to leave that to charlotte to figure it out. we will just help them make it happen, the way we think we can do. our belief is the success of women in world economies is going to be the success of the world economy. that is how important this is. lorraine provided some of the statistical

u.s. economy $300 million a day. but the coast guard said the barge traffic-- and the wake it stirs up-- would put too much pressure on the fragile flood walls. on saturday, the army corps of engineers opened the floodgates at a spill way to relieve pressure on the main levee systems. this latest move to stop barge traffic is yet another desperate attempt by authorities to tame the mississippi. so while actual flooding around here may not be so apparent yet, the steps taken to keep that from happening are already having an economic impact up and down the mississippi. katie? >> couric: dean reynolds in baton rouge tonight. dean, thank you. now to the case of dominique strauss-kahn. pressure is building on him to step down as the head of the international monetary found. strauss-kahn is in a new york city jail tonight, accused of sexually assaulting a maid at a luxury hotel. today we heard from her lawyer and from another woman who says she warned the i.m.f. about strauss-kahn. michelle miller has the latest. >> report

u.s. economy. high tech investment and spend sg is actually doning with -- very well, has rebounded from the recession and is doing great. theories the positives much the real problem in our economy is that the housing sector, which is a big part of our economy, was hit really hard and is basically still deeply depressed, as i said. if you asked me a year ago where was housing going to be right now i would have thought it would still be low but starting to see signs of improvement. what's happened instead of that is we've seen house prices continue to decline further than i think we expected. we've also seen just a reluctant -- reluctance and we hear this from people we talk to and in the data, just a reluctance to get back into housing. people buying homes at small levels and very, very little construction going on. that was a big part of the hit we took in arizona and nevada and california. eventually i see the u.s. economy improving, the recovery gaining momentum and i think california and the we

u.s. economy in the short term the u.s. government has been doing all the stimulus packages so trillion in half the dollars in debt this year alone the federal reserve has dropped interest rates to rock bottom of the been doing all this quantitative easing so the truth is that the unemployment should be much lower than it is right now it's actually discouraging to see that all these. federal reserve have not produced more results now in the long run with all these all this borrowing it's going to be disastrous for us well look there are elements a look at york is that is look at the number of americans that are employed for example last year only forty five point four percent of all americans have a child that was the lowest number since one thousand nine hundred three but if you look at the number of americans only sixty six point eight percent of american men had a job last year that was the lowest number ever recorded and now michel now michel that there are some of the statistics you pointed out in a recent column on wh

economy is so linked to our g.d.p. growth but the fact is that it's important for the u.s. to have a strong dollar the world reserve currency has to be strong and we cannot continue to increase our debts in our deficit so. what happens if there's some sort of gold standard well that would certainly limit the amount of dollars we could print central bankers will hate this by the way but it would put handcuffs on them and what they could print it would force our congress to live within our means which is good and bad it makes for a strong dollar but it also has some short term economic pain that was c.e.o. of gold line. well earlier i spoke to a man who has been talking about this for years carol selenski publisher of the trends journal and director of the trends research institute he told me why others are now only starting to jump on the gold bandwagon. this is happening you go back to the world bank they were talking about this seven months ago the dollar is collapsing jim rogers is right about bernanke you know with a real public enemy number one is it's osama bin burn a

u.s. economy but we also know that the president had another agenda in his speech today to gain the support of a skeptical hispanic vote and in light of the fact that his previous efforts to pass immigration reform and all of it fails we cannot but wonder if this speech today is just filled with more empty promises and is gearing up to be the largest illegal bit torrent downloading case in u.s. history but is this really about eliminating piracy or is it just a scam to make more money i'll be covering all that and we'll have our happy hour segment on tonight's show but for now let's move on to our top story. today is may tenth the debt ceiling was supposed to be hits may sixteenth just a few days from now but now treasury secretary tim geithner said the measures can be put in place to push the deadline for a vote on the debt ceiling until august second and he and obama have both rejoiced that if they get a two trillion dollar raise the problem is going to be put off again until after november two thousand and twelve elections yesterday speaker of the house john boehner addressed wall street

u.s. economy sent prices lower today. oil plunged $9.44 a barrel, almost 9%. is the biggest decline in almost two years. it was above $113 just last week. >>> the number of people applying for unemployment benefits surged to eight week high. according to the labeled department, 44,000 more people filed for benefits than the week before. the number of people continued to receive benefits rose 77,000. it all added up to a down day on wall street. the nasdaq dropped 13 points. gold and silver prices also saw steep decline. >>> fans of ferrets are launching a campaign in an effort to whip up support. a ferrets are legal in california and hawaii. they are concerned that the animals may become feral and attack other species. >>> some of the 30,000 students out of school tomorrow say they will be right here behind it is -- behind this gate. >>> victims of a san francisco fire face uncertainty but there's a happy outcome for one four-legged resident. >> some changes on the way. coming up, how much temperatures will be changing for your friday and when we could be trac

u.s. economy and world economy. as all of you know, we take seismic safety seriously in san francisco. we have been working on so many different programs. our office of emergency management, fire department, first responders all have been preparing for the big one for so long. and we know that the big one is about to come. the percentages increase, as you have informed us. many of you, in your expertise, a 65% chance that in the next 25 years, is what is being predicted. working closely with the fire department, certainly, we have a close relationship with chief white. now i can also reflect with you a strong relationship with a new police chief. who could have known that just last week, as we have appointed a new police chief that chief greg sur had spent many years with our public tilly's commission, working on the seismic and homeland security aspects of our water system. now he is our police chief and we get to work with him again, not only as one of the lead responses in the city with a fire department, but to have that additional experience working with us, when he was out of uni

u.s. economy. more recently, during world war ii, and just a few years ago in 2008 during our financial crisis, dead as a percentage of gdp went up to 100 percent -- debt as a percentage of gdp went up to 100%. there is sort of an interesting dynamic and graphic line in terms of spending money. really, in the last two administrations, we have seen enormous amounts of money added to the debt. paul ryan was on tv over the weekend. he was asked, who is responsible for this huge federal debt? is it democrats or republicans? he said, both parties are responsible. if you look at the budget ministration, they added $5 trillion in debt at that time. obviously, that was because we were waging two wars. there were two major tax cuts. there was an increase in the medicare prescription drug program, none of which was being paid for, all of which was being put on the government credit card. president obama has not finished his first term in office yet, but he has added $3.6 trillion to the debt. but again, we j

u.s. economy.il prices fell 9% yesterday to close below $100 a barrel for the first time in two months. energy giants exxon, chevron and slumburger all fell 2%. that nose dive indicated relief at the pump could arrive in time for memorial day. a big spike in weekly jobless claims caught investigators off guard and raised a red flag ahead of today's monthly jobs report. even an upbeat report from general motors was unable to offset the day's woes. the nasdaq got help from gamemaker electronic arts, which shot up 9% on its strong earnings. after the bell, bailed out insurer aig reported first quarter losses after paying back $2.4 billion it borrowed more than two years ago. after hours, visa jumped a healthy profit with increased card use at home and abroad. kraft reported better than expected first quarter profit and lowered its full year forecast. finally, how about giving moment a piece of movie history for mother's day. the chicago area where macaulay culkin made movie history in "home alone" is

u.s. economy per year the one part of the economy that's not being cut there's a lot of profit that's being made by war but there's also the idea i think and this is more dominant although. perhaps not a lot more dominant the u.s. doesn't want to look at last in afghanistan the obama administration doesn't want to have the perception of a defeat by an armed insurgency even though they're losing and that they can't win and so i think the idea is just to keep going keep going keep spending those hundred twenty eight billion dollars per year a lot of incentive a lot of problems and then avoid the defeat maybe quote for a later period but they're not planning to lose this production brian becker national coordinator of the answer coalition and today marks the start of a summit for the world's two largest economies the u.s. and china it comes at a time when the u.s. faces record debt and much of that debt is owned by china artie's christine president attended the u.s. china strategic and economic dialogue and shows us how the relationship between these two countries is evolving. they say you sho

u.s. economy. >> label in tonight's program where we began. ey published aid joint article to date proclaiming the relationship between u.s. and britain as essential. why does it matter so much? >> as much as anything, this visit as about shifting a special relationship and to what is now being called an essential one. in new i did you redefine and establish partnership. -- a new adjective to redefine and establish partnership. there is no doubt the affection felt for the president and first lady. the message underlying the visit is that the special relationship is mutual, and not one-sided. >> it is too closely associated with the kind of desperate longing for american approval i am glad that it is out of the way. >> what is she going to talk to the queen about? >> the special relationship has always been essential, especially when one parent is american and the other is english. we meant to such families in south london. >> you realize that the attention that america is moving to china. he starts to think, we are not that special to them. >>

u.s. federal reserve board official said the fed needs to maintain its easy money policy to support the struggling economy. >>> here are the rest of the market figures. >>> security authorities in pakistan say that they are questioning members of osama bin laden's family who are now in their custody. a team of u.s. navy commandos killed bin laden on monday after raiding his hideout in the town of abbottabad, 50 miles north of the capital islamabad. security sources say they took his family and some others into custody when they found them in the compound after the raid with their hands tied. sources say osama bin laden's wife is being treated at a military hospital in the town along with three pakistani women who are looking after her. security authorities say they are trying to obtain information from the four women about bin laden's activities in pakistan. they say his wife is still too upset to answer any questions, but her caregivers are responding calmly. >>> north korea has confirmed it is detaining two japanese men on charges related to drug smuggling and currency counterfeiting. media in japan rep

u.s. economy hundreds of millions of dollars a day. stay with us more news after the break.louisa: we'll come back to the kron 4 evening news, over downtown you could see those clouds creeping back in. spotty showers throughout the day at expected to continue into the evening and intensifying tonight. we could see a few showers left over tomorrow. storm tracker 4 is let out and we will take you to the north bay where were saying los showers. as we take you down to the peninsula was sought assault pass through san francisco and seeing more sitting off shore. a few sprinkles in the south bay as well. you can see from point reyes stretching down into half moon bay the end of what weather approaches. we are expecting to see the showers pick out into the next hour. in terms of this evening, by 9:00 watch as future cast cars to fill in a bit as we head into the evening. by 11:00 areas of plo showing moderate downpours. we will see happier downpour in hayward, livermore, fremont and now on view. he will continue with the pattern of showers and see heavier downpours at times. this w

u.s. economy. this was in reaction to the release of poor economic data. however, in tokyo, exporters are buying the dollar as funds to be used for settlement. >>> here's a look at the latest long-term interest rates. the yield on the benchmark ten-year jp kneapanese governme bond is down nearly two basis points. >>> and looking at other asian markets, hong kong's hang seng is in positive territory, a gain of just about 0 shanghai's key index for major blue chips also up. shenzhen is so far flat this friday morning. >>> while the market focus in asia was on the impact of the march 11th disaster, concerns about national debts in the euro zone once again came into the spotlight. our business reporter spoke with a professor at a university on his views for the european economy. >> the euro zone's finance ministers met this week to discuss the rejn's debt problems. how do you personally see the region's debt situation right now? >> i think a main focal point is, of course, greece. and the problem broke out in october 2009, so less than two years ago. and greec

. >>> it is a tail of two economies in one country. the u.s. added nearly a quarter million jobs last month. why at the same time the unemployment rate increased. >>> this dog helped save the little girl and got her name canine of the year. but now why prejudice against this hero dog is stopping one family from getting their lives back together. >> she's not going nowhere. >>> it's the world's first smart pill bottle. how it helps anyone remember to take their daily meds. why it can save billions in healthcare costs. coming up next. [ banker ] mike and brenda found a house that they really wanted. it was in my sister's neighborhood. i told you it was perfect for you guys. literally across the street from her sister. [ banker ] but someone else bought it before they could get their offer together. we really missed a great opportunity -- dodged a bullet there. [ banker ] so we talked to them about the wells fargo priority buyer preapproval. it lets people know that you are a serious buyer because you've been credit-approved. we got everything in

u.s. economy will slow down. this market move follows a rise in applications for jobless benefits. which was worse than what many analysts expected. turning to other commodity, silver dropped more than 13%, while gold fell about 3.4% at one stage. plungie ining below $1,500 per . the stock market, the dow jones industrials fell more than 200 points at one stage. the key index lost 139 points and ended the day at 12,584. now, to tokyo stocks. share prices plunged right at the opening on friday morning. the key nikkei index ended the morning session at 9,822. that's down 1.8% from monday's close with a loss of 181 points. sources say the nose-dive is due to a plunge on wall street and the stronger yen. >>> here's a look at latest long-term interest rates. this is the yield on the benchmark 10 year japanese government bond. taking a look at other asian market, we're seeing losses there as well with chong, shanghai and shin zen all down this friday morning with losses of over half a percent. >>> the european union and the international monetary fund have agreed to a 78 billion euro or

u.s. economy added more jobs last month, more than at any time in the past 11 years. and all of them were in the ivprivate sector, which showed e best gains in five years. nonfarm payrolls rose by 244,000 in april, strongly surpassing analysts' expectations. the unemployment rate rose to 9%, likely because more people were looking for work. it was the third straight month of more than 200,000 job gains. >>> well, the air is coming out of the commodities trade. the crb index dropped sharply during the week. oil tumbling below $100 a barrel for the first time since march. silver falling big-time, in part because tighter margin requirements were instituted. the markets had a weak start or to the month of may. the dow snapped a four-day winning streak on monday, and fell more during the week as the commodities tumbled. the markets rebounded, though, on friday. with the end of earnings season, and so far with more than 84% of companies reporting, 2/3 have beaten analysts' expectations, while 20% have come in below estimates. same store sales were up nearly 9% in the month

u.s. economy is driven by consumer spending. but a closer look at the numbers reveals these days, people are spending more on what they have to buy. necessities, like groceries and gasoline. >> everybody's fed up with it, really. you know. >> reporter: gas prices are up more than $1 from this time last year. >> i used to fill up the tank for half the price. i think people are starting to reconsider what to buy and where to go. >> the economy is no longer on the critical list but it's still in serious condition. >> reporter: retail sales are up more than 7% from last year, but economist peter marisy says gas and food price are a drag on the economy. >> a lot of the consumer dollars are absorbed by higher gas and food prices which means they're not buying shirts, going to restaurants as much, things of that nature, which would drive more growth. >> reporter: marisy says after a deep recession you typically expect to see economic growth of around 4% to 5% each year. not the sluggish 3% we're currently seeing. seth doane, cbs news,

u.s. economy sent oil prices below $109 a barrel in trading this morning. crude oil was selling for more than $114 late last week. traders watched better than expected earnings reports coming in from u.s. companies. continued fighting between forces loyal to libyan leader moammar gadafi and rebels boosted the price. now analysts say that increase could fade and oil could be selling for less than $90 a barrel by the end of the year. >>> well, chevrolet is recalling more than 154,000 of its popular cruz vehicles. the automaker wants to check the installation of the steering wheels. now chevy says a quality control inspection of the ohio plant where all the cars were built led to the recall. there are no reports of injuries or accidents related to the recall. by the way, gm sold more than 25,000 last month alone. and gm in with great numbers this morning tripling from the first quarter from this time last year. we'll see how that effects wall street in just a bit. >>> all right. time now 5:52. retesting the drunk driving tests. where bad drunk driving tests are

u.s. economy is adding jobs, but the unemployment rate is rising at the same time. was a gain of 244,000 jobs last month and that number comes from a survey of employers, but the labor department contacts households to calculate the jobless rate which climbed to 9%. industries seen growth last month include retailers, factories, education, healthcare, and construction. >> it seems like it's picking up. there's more job offers coming up, but there's so many people looking for work right now. >> this is a long road ahead of us, but i think the dynamics we're seeing in hiring are certainly encouraging. >> despite the additions in the private sector, the government slashed jobs last month. a total of 24,000 at the federal, state, and local levels. >>> do you sometimes forget to take your medicine? do you worry whether your mom took her heart medication? dr. kim shows us the technology helping patients remember to take their prescription drugs. >> don takes medication for high blood pressure, but it can be tough to remember that daily dose. >> sometimes i say, did i real

u.s. economy dragged the market's sharply down. first there was the atp jobs report that showed that the u.s. companies and not been able to create as many jobs as people were hoping for. later on, the isn index plummeted, which means that the situation in the u.s. industry is worse than expected. all this led to the fact that the dax lost by nearly 1.7%, although german companies showed that there is still well on track. six dax-listed of it is reported results. among them, bmw. nearly all the companies that have been able to raise their guidance for the rest of the year. >> thank you for that from frankfurt. let's take a closer look at the market numbers. we stay in frankfurt were the dax closed over 1.5% lower, 7373. the euro stoxx 50 top blue chips also closed over 1.5% down at 2952. in new york, the dow industrials closed down at 12,723. and of the euro is trading for $1.4830. the spanish labor market is finally showing signs of recovery for the first time in five years. the number of unemployment fell in april by 1.5% to just

u.s. economy is expected to be so small people won't notice it. investors will knock one-tenth of a pert off the growth in the second quarter. the damage from the tornadoes is about $8 billion. but rebuilding would cause an increase. >>> turning to the crisis in japan. the power company that runs the nuclear reactor ruled out the possibility that a tsunami could knock the plant offline. it considers five scenarios including an 8.6 quake in northern japan. it concludes that a tsunami would not reach the plant. the earthquake's tsunami pounded the plant. and workers have yet to bring the plant under control. >>> investigators shed more light on what caused an air france plane to plunge into the water two years ago. the report says that the captain was on a rest break at the time. the co-pilots had to deal with a stall as attempted to regain control of the plane. by the time the captain returns it was too late. but it does not answer the question of what caused the crash. >>> jeff conaway died this morning after being taken off life support in a hosp

u.s. economy and the cost to him down. it is estimated the u.s. spent a trillion dollars on bin laden alone. >>> how does a man survive after a truck operator compacted the trash three times. >> waste management says their dump truck driver got here in afternoon, knocked on the dumpster, unlocked it and looked inside. couldn't see anybody and they emptied it in to a dump truck. >> he was screaming before he got the ladders in there saying get me out of there because they were compacting. >> reporter: john boyd uses the dumpsters several times a day. >> a homeless man inside of one of them was likely hiding. >> this is pretty full. i chucked my bags on this side. if he was in here he had to be buried under it. >> they compacted it with a homeless man inside. the driver noticed the screaming. >> the driver could see the person's feet hanging out the can. >> because it was almost empty he survived almost without injure. >> i lumps on the back of his head. >> reporter: the driver was shaken up. but it is not their first run in with the homeless using

u.s. economy. a double dip recession. with one period of six months or more in which the country's gross domestic product are we at risk of double dip recession or are the fears overblown? i ask you, give me a 12-second answer. >> i think there's some risk but we're probably just continue to bump along with the economy that's growing, but the people don't feel good about because personal incomes are stagnant, unemployment is high, and the values of their homes are stagnant or declining. >> we're going into recession, there will be another crash. we've been trying to inflate our way to growth but inflation is not wealth. the government debt is getting too high. we can't repay. we'll either hyper inflate or have to contract. another crash is coming. >> job numbers have looked pretty good. but the hole we're dig out is so deep that the country doesn't feel good about itself. but i don't think there's a double dip nastier. >> people don't appreciate the degree to which activity is propped up. and right now the federal reserve

u.s. economy. >> a housing recovery is probably pretty far off. we're looking for some sort of stabilization in terms of volumes and pricing, maybe at the end of this year, maybe in early 2012. i think this pricing issue in housing is something that's going to weigh on consumer confidence, and that's really never good for spending or the stock market. >> reporter: with so many potential speed bumps for investors in the coming months, experts say hold on for what could be a rough ride. suzanne pratt, "nightly business report," new york. >> tom: here are the stories in tonight's n.b.r. newswheel: stocks started the week on the downside, the dow fell 47 points, the nasdaq lost 46 and the s&p 500 was off eight. trading volume starts the week with 905 million shares moving on the big board and two billion on the nasdaq. speaking of the nasdaq, the nasdaq o-m-x group and the intercontinental exchange have dropped their $11 billion bid for the n.y.s.e. euronext. the offer was nixed after u.s. antitrust regulators threatened to block it. in a move to keep

u.s. economy over the course of a year. >>> while the price at the pump is also hurting us, getting the meatotatoes to the store from the farm. home cooks got less burger for their buck with the price of ground beef up 12%. even the lettuce that goes on that patty up 28%. and don't even bother slicing up a tomato. they cost 86% than they did last year. the total cost of a picnic for 12 this year? $199. 45 bucks more than last year. and that's not counting the beverages. >>> coming up, the economy has forced many people to become do it yourselfers. sadly, one of the many things they end up doing is injuring themselves. see how to avoid the e.r. when you diy. >>> plus four people killed in two cities. new information about the deadly violence that hit the east bay and the south bay over the weekend. >>> and a new study that may ease your mind, researchers have ruled out one possible cause of multiple sclerosis. on, i'm ftod after chief meteorologist jeff ranieri on this memorial day, a mix of sun and clouds and we're also looking at some bigger changes here. tonight, showers are moving into th

u.s. economy because it's a state in bankrupt it's an economy in decline so why the u.s. is trying to do is to keep the domination on the world both with the resistance of for russia china be the emerging power of countries of the south like brazil and others is more and more difficult for the u.s. to keep the controls. this is the key for the aggressivity eventual russia and china on the face of it everybody seems to be getting on very well together but in light of what's been happening in in libya in the middle east will we see any tensions behind the scenes at all because of pairing about of course russia and china could have vetoed that no fly zone resolution by the u.n. and it didn't but they clearly being very unhappy with the way that nato has pursued that military campaign do you think we will see some sort of tensions between what between the members i'm. not sure i heard very well your question but what is obvious is that there was a manipulation from the beginning the u.s. and allies pretended that it was only to protect a sort of humanitarian war you have to r