u.s. federal reserve's latest decision. >> and they're still concerned. they reflect that in the meeting. the u.s. federal reserve is taking new steps to stimulate the economy in the u.s. in response to signs the recovery is running out of steam. in the policy statement, the fed said that it plans to buy a small amount of long-term government bonds in an attempt to drive yields lower. that could eventually result in lower intest rates on long- term housing and corporate loans. thereby helping consumers and businesses. it had announced the move at the end of a one-day meeting and left key interest rates unchanged at near 0%. the fed believes economic growth will be more modest than eaeaier forecast. german telecommunications giant, deutsche telekom, is buying back some of its shares, investing 400 million years until the end of this year in an effort to boost its share price. so far, the stock has brought relatively poor returns, and the company chairman felt it was high time to compensate frustrated shareholders. the buyback is part of a promised dividends

u.s. federal reserve's move to bolster the economy stateside in just a moment. the prices of meat poultry and dairy products in russia could rise sharply to the drought and spiralling grain prices the world bank is urging nations not to follow russia's lead with an export ban saying there is unlikely to be a global rerun of the two thousand and eight food crisis seen in the more. global green markets fact routine drought and fires in russia. prices as high as eight dollars sixty the. move to implement a green expert on the move to protect domestic consumers first is one that the world bank other nations not to. do new. crisis despite this economy see the run of the food prices gear which as high as thirteen dollars in two thousand and eight is unlikely it was demand supply factors now in two thousand and seven two thousand and eight across all the range of commodities stocks were very low and we also had very different global demand conditions the global economy largely because of emerging markets were incredibly buoyant so we had very low supply very strong dem

u.s. federal reserve wants pace of recovery has slowed. we have a special report into how the economic hurricane has millions of middle-class americans on the bread line. >> i grew up in a moderately comfortable middle-class family. i never dreamed i would be as close to home less as this past year. >> the protection from [unintelligible] does its strengths lie in constant change? a classical actress and president of the queen's own society today about it. english society. america is supposed to be the land of opportunity. it must feel like anything but that for those out of work. the federal took measures to stimulate the of economy, warning growth is likely to be more modest. they times are seeing many middle-class slip towards poverty. our correspondent has been meeting america's new poor. >> a journey to america passed. this was once the which is a place on earth -- richest place on earth. ♪ that gold rush ended and virginia city trains on its heritage, relics and ghosts. there is another american recession, the jewels are on sale the

u.s. federal reserve is saying it is ready to take further action to boost u.s. economic growth. the economy grew at our rate of 1.6%, almost 1% lower than the government's estimates. much more the international news anytime you want it on bbc.com/news. thank you for being with us on "bbc world news." >> hello and welcome. >> see the news unfold. get the top stories from around the globe and click to play video reports. go to bbc.com/news to experience the in-depth, expert reporting of "bbc world news" online. >> funding was made possible by -- the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, the john d. and catherine t. macarthur foundation, and union bank. >> union bank offers unique insight and expertise in a range of industries. what can we do for you? >> there is one stage that is the met and carnegie hall. >> o, that this too, too solid flesh -- >> it is the kennedy center -- >> check, one, two. >> and a club in austin. [woman vocalizing] >> it is closer than any seat in the house, no matter where you call home. >> ♪ the top of the

u.s. federal reserve says america has a considerable way to go to achieve a full recovery. ben bernanke said while the worst of the crisis is over, many americans are still struggling with unemployment and lost savings. the takeover of the swedish carmaker volvo by a chinese company has been completed. it is the biggest takeover so far by a foreign brand. they paid $1.3 billion. volvo has been struggling with high labor costs and dwindling sales. a federal judge has refused to dismiss a challenge by virginia to president obama's reform laws. that means the obama administration will have to mount a lengthy defense. they argue the law's requirement is unconstitutional. a russian airliner crashed in siberia, killing 11. a spokeswoman says the plane exploded into a fireball while attempting to land. three crew members and one passenger survived. president castro has said he is not planning large-scale market reform to revive the cuban and economy, but the role of the state would be reduced in some areas. he insisted cuba's social system was irrevocable. >> one man [unintelligib

u.s. federal reserve has vowed to step in with additional measures if necessary. >> federal reserve chairmanben bernanke did not let the figures dampen his spirits at the meeting of the world's central bankererin jackson hole. he remains convinced the u.s. economy is recovering. but he stressed the fed will take any necessary steps to prevent a slide back into recession. after a drawn-out and steep fall in output, the u.s. economy began picking up again in mid 2009, but early this year the recovery lost steam. annual gdp growth stands at 1.6%. that is because federal stimulus programs introduced during the global financial crisis are coming to an end. widespread unemployment and problems on the real-estate market e ao keepi the brakes on growth. >> britain's economy grew at its fastest pace in nine years in the second quarter. the office for national statistics said gdp grew 1.2%, topping the preliminary estimate. output was especially strong, reporting its strongest growth in 28 years. britain's economic recovery accelerated sharply in the first half, but economists warn a weakening global

u.s. federal reserve will also announce furthesteps to stimulate the economy after their meeting tomorrow. our correspondent has more from the frankfurt exchange. >> german exports are just coming along, and that was great news for the investors here. business is going much better than people expected. there were the leading gainers at the start of the week is monday, shares like daimler. what is also good news from the point of view of the traders is that imports or also going very strongly, and a lot of those imports e gog intogerm firms to expand their production, to expand their exports in the future, also a good. the room for more sure pike -- price gains is there, but it is somewhat limited, people tçink, because of economic risk. >> there is also some good news for the german steel industry. in july, german companies produced 3.5 million tons of steel. production soared, topping last year's up by 60%. during the economic crisis, global demand for steel took a nosedive. many companies cut jobs or reduce their working hours pre- empt back to the markets now, and looking at several mar

u.s. federal reserve may ease monetary policy further amid concerns over the u.s. economic outlook. many players say the bank of japan may soon follow suit. >>> tokyo stocks opened lower on wednesday on a stronger yen. the nikkei 225 ended the morning session at 9,548 points, down 1.5%, or 145 ticks. export-related shares such as autos and electronics were among the main losers. market sources say that sell orders have prevailed after the dollar fell to the upper 85 yen range in overseas markets. turning to currencies, the dollar's losing ground on wednesday amid growing concerns about the u.s. economic outlook. the dollar is trading at 85.54-59. the euro is at 113.18-22 yen. market players say the dollar is being sold on speculation that the federal reserve board may consider additional monetary easing. >>> and here's a look at the latest long-term interest rates. this is the yield currently on the benchmark 10-year japanese government bond. in other asian markets hong kong's hang seng end opened up half a percent higher, is currently up 0.6%. the shanghai index for major blue chip

u.s. federal reserve is ready to take further action to boost american economic growth. new figures have shown it is weaker than forecast. the economy grew at an annual rate of 1.6%. in kenya is being criticized for inviting, are all but year to the celebration of its constitution last friday and not arresting him -- omar al- bashir to the celebration of its constitution last friday. you can get more online and on twitter and facebook as well. thank you for being with us. >> hello and welcome. >> see the news unfold. get the top stories from around the globe and click to play video reports. go to bbc.com/news to experience the in-depth, expert reporting of "bbc world news" online. >> funding was made possible by -- the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, the john d. and catherine t. macarthur foundation, and union bank. >> union bank offers unique insight and expertise in a range of industries. what can we do for you? >> there is one stage that is the met and carnegie hall. >> o, that this too, too solid flesh -- >> it i

u.s. federal reserve announces for the stimulus measures to get the world's largest economy back on track in asia the nikkei is end of the trading session point twelve percent lower while hank sang is up over half a percent here in russia the markets are all just a notch most of the chips are in the black on vulcan forces following positive trends in asia and the u. west gas problem is up nearly a percent while north. banks are trading red. shares in europe are also trading steady with london's footsies over half a percent higher germany's dax up point three percent or actually half a percent scotland's is up over two percent world bank of scotland is up over two percent of the forty after reporting a pretax profit of one point fourteen billion pounds for the first half of the year and barclays is setting point two percent. there's a was interest rates stay in europe the european central bank and the bank of england followed market expectations and kept their policies to say the e.c.b. as president john called. the eurozone economy was recovering faster than expected that it gave a furthe

u.s. federal reserve mining firms and oil and gas producers leaving a broad based advance. saw and total of between one point three and two percent for john b.p. again two percent after it said cementing procedures on the leaking well in the gulf of mexico have been successful to travelers leading over three and a half percent on the footsie and siemens is little leader on the dax up two point eight percent. internet advertising in russia has increased thirty three percent of the first half of two thousand and ten year on year that's the fastest growing among growth among all the sectors of the country's advertising industry now the market is a whole group tell percent with growth picking up pace in the second quarter experts say if the dynamics keep up annual growth of the russian advertising market could be higher than earlier forecast. and microsoft is expanding its supporting program for russian startup companies each company will get several million dollars earlier microsoft announced it plans to invest more than three hundred and thirty million dollars in russia over

u.s. federal reserve said yesterday the u.s. recovery was slowing down.e'll get the latest on early trading live from the new york stock exchange in about 15 minutes. >> this story for you. this morning security stepped up around a contra costa county apartment complex following a string of sexual assaults. three women attacked in their own homes over the past six weeks. terry mcsweeney is live at the park regency apartments. that's where all the attacks occurred. terry? >> we're finding out this morning that the fear of this attacker is now spreading to people, to women outside of the park regency apartments. this is where the attacks have occurred. the women being attacked inside their apartments, each attack somewhat different but the description of the attacker is very similar. the last one happened yesterday morning at 8:30. now, how he got into the apartment is a mystery. the door was reportedly locked. the victim used pepper spray to fight him off. july 6th a woman was raped inside her apartment. she admits she left her door unlocked. a woman asked

suzanne, federal reserve policymakers said today what everyone's been feeling-- the u.s. economic recovery has slowed down. >> tom, the fed kept interest rates essentially at zerio, and now it's taking a new tack to prime the economic pump. >> tom: the fed plans to take the money it earns on its portfolio of mortgage-backed securities and use it to buy u.s. treasury bills. scott gurvey explains the move. the fed is on a roll, or at least that is the policy. with main street in a gloomy mood, the central bank announced today it will roll over its portfolio of securities. that will keep its balance sheet at record levels, but it will prevent the tightening impact shrinking the portfolio would have on the economy. that doesn't hurt. but economist bob brusca says it doesn't help, either. >> this is a milquetoast policy. it's hard to disagree with it. it's not clearly bad, it's not clearly good. it's just sort of in the middle. it takes a half step towards doing something for the economy at a time when maybe they can only take three quarters of a step at best. >> reporter: tod

federal reserve regional bank president. i think long term the question remains with all of this cash being flooded into the u.s. economy-- and really that means the global economy-- it can only but perhappens stoke the fires of inflation longer term and that's where you really have to pay attention to market interest rates-- not the federal reserve interest rate but what the bond market is telling us, and right now, at least, there's no concerns about short-term inflation, but that could turn on a dime. >> brown: all right, tom hudson of the "nightly business report" neil irwin of the "washington post." thanks both very much. >> thank you. >> thank you. >> ifill: still to come on the "newshour": primary election results; getting rid of gulf oil waste; emergency aid for pakistan; cyber security threats and food as metaphor. but first, with the other news of the day, here's hari sreenivasan in our newsroom. >> sreenivasan: a federal jury in chicago told the judge they are deadlocked in the corruption trial of former illinois governor rod blagojevich. the jurors cannot reach agreement on any given count. the judge

u.s. because you are one of our federal reserve experts. as we reported on the program benzodiazepine ang is going to give a critical speech tomorrow. i was just wondering what are you expecting from that. do you think he's going to inspire confidence that he can fix the economy? >> i expect that the expectations susie are too high. as tom said at the beginning of the program this is a very highly anticipated speech by the markets. i think that benn bernanke has enormous pressure to do something he probably can't do and that is provide a magic bullet tomorrow in his speech. i think if anything he's probably being given an unfair test here because if he says something that the markets don't like they could do down a lot but if he doesn't say something with the magic bullet, they could still go down a lot. >> susie: very good insights, thank so much for your thoughts about china and also about the fed. >> thank you. >> susie: and by the way, mike, any disclosures to make on the china fund? >> i own it. i own shares and have for a long time. >

u.s. stocks rise. but the federal reserve will soon signal new steps to sluggish economic recovery and in hong kong has also week trade data imports pulled we cut than expected. down on tuesday minus the dragging on lower metals prices following the weak import data from china and raising concerns about the strength of domestic demand x. forces will sink down in europe this seemed to shut down more than one of the sudden spike in a. game. on the docks trading flights opposed to this. here in moscow the markets of both shutting more than one percent banks are dragging on the my sex to be t.v. has a braised games made in the previous session down more than one percent and she names are also suffering. not so with the business use for now but i'll be back with more updates for you in about an hour's time and of course you can always find more stories on our website. called slash business. if. so much brighter than a few. songs from silence to pressure. from startup dot com. c c c. c. c c c c. c c. c. c. c c. c . if you're just joining us you're watching i.c. coming to live from moscow i'm marina joshua's

u.s. states. fuel talk of more federal reserve policy easing japan's benchmark is currently down one and a half percent saying is marginally in the black. l.t.s. has just opened in the red extending yesterday's losses when north nickel fell almost two percent could see produces a losing appeal of the report showed us how sales fell on expectedly in june i'm concerned grew over china maintaining curbs on lending. poland says it's reconsidering a long term gas deal with russia from office to deliver some two billion cubic meters a year to twenty thirty seven but the deal remains signed by warsaw now premier says the country is looking to other sources western concerns about energy dependence on russia. the north stream gas pipes second broad's which is russian shills on wednesday the first arrived last week with two hundred twenty kilometers of the offshore section already laid in the baltic sea because it would provide millions of european homes with gas spokesperson says they've reached a key point in its development. last week the first line of fire in a stream has landed on the russian shore and tomo

to hire, workers afraid to spend, and interest rates at historic lows, what can the federal reserve do to get the u.s. economy moving again? >> suzanne: we look at what's left in the fed's arsenal, and whether it will pull the trigger at tomorrow's policy meeting. you're watching "nightly business report" for monday, august 9. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening, and thanks for joining us. susie gharib is off tonight; i'm joined by suzanne pratt. stocks posted modest gains today, but trading volume was light. in fact, this will most likely be one of the lowest volume days of the year. tom, traders said they didn't want to buy or sell until they see what the federal reserve does tomorrow. that's when policymakers will meet to review the state of the economy. >> tom: with few new jobs being created and credit still tight, scott gurvey reports there are many opinions, but littl

are concerned about the sustainability of the economic recovery after the federal reserve posted a pessimistic view of the u.s. economy barclay has b.c. societe generale daughter bank are all shouting between one point two and three point. three point eight percent and u.s. stocks slump at the open on wednesday and a week of manufacturing data from china and a gloomy growth outlook from the federal reserve. go prices are rising on wednesday after a recent news from the us federal reserve it plans to reinvest principal payments on its mortgage holdings into long term treasury securities gold futures for december delivered traded at one dollar twenty and in electronic trading on the comics in new york earlier price is as much as point eight percent of the dollar climbed against a basket of six currencies gold prices have gained twenty seven percent in the past twelve months a record in the middle of july. two other stories roussel has filed a claim against into ross through the london court of international arbitration the companies are rowing over control of norilsk nickel sol says the outcome of normal june b

u.s. markets saw their worst percentage drop since last month. the dow plunged 265 points, down 2.49%, to close at 10,379. the selloff came on the heels of yesterday's federal reserve that the u.s. economic recovery is slowing down. investors also reacted to the economic downturn in china. that's our report for tonight. for all of us at abc news, good night, america. >> jimmy: hi, i'm jimmy kimmel. tonight, from "scott pilgrim versus the world," jason schwartzman. we'll have music from joanna newsom. and a young man that caught my eye doing cooking segments like this. >> this is my healthy twist. going to get a great salad on top. if you are going to use a part skim, you really are making great choice. >> these have bah unanimobanana? >> they do. that's exactly right. >> okay. take a bite. i have toppings here. my favorite summer berries. mixed nuts. >> thank you. yum. >> jimmy: yum indeed. his name is reed alexander. he claims to be 15. i don't know about that. we're going to make meatballs and more importantly, find out where he gets his pep. "jimmy kimmel live," back in two minutes. healthy beauty is a journey. and it starts with healthy skin. discover aveeno da

u.s. stocks rose slightly overnight on talk that the federal reserve will soon signal new steps to boost a sluggish economic recovery and in hong kong shares are also down as trade data for july showed imports than expected european shares are down on tuesday miners are dragging on lower metals prices following that negative import data from china raising concerns about the strength of domestic demand exporters were also weak in europe with siemens shares down and more than one and a half percent. and here in moscow the markets ago shutting around one and a half percent banks are dragging on the my sex the t.v. has a raise gains made in the previous session down more than one percent this hour energy names are also suffering. and that's all the business news for now but i'll be back with more updates for you in about an hour's time and of course you can always follow stories on our website that's our team slash business. every month we give you the future we help you understand how we'll get there and bring the best in science and technology from across russia and around the world join its

. >>> federal reserve chief ben bernanke key says the u.s. economy weak ped more than expected. coming on the heels of new numbers that show economic growth is slower than expected. he said the outlook is uncertain and the economy remains vulnerable. second quarter economic growth of 1.6%. he says the fed is prepared to take additional steps in the economy deteriorates further. >>> stocks showed signs of life in a other wise dreary weak. nasdaq rosily 34. >>> economy maybe partially to blame for decrease in the nation's birthrate. health officials said fewer babies were born during the past two years than in the years before. john fowler reports. >> reporter: 2009 had the lowest bit rate in 20 years. many people said they know why and not surprised. >> the economy is terrible. so no it doesn't surprise me. children are expensive. >> reporter: some said it's career women. waiting longer. >> i don't think about having kids yet. i'm 26. it's less riskier because the health care is better for women older women having babies. >> maybe people are waiting longer, once they wait longer

u.s. stocks rose slightly overnight on top of the federal reserve new steps to a sluggish economic recovery and in hong kong shares are also weak as investors remain aware of data due out in china market players are waiting from some major companies. on the russian market for trade in the next hour here in moscow they finished monday's session in the us put on more than half a percent on the i six. the top performing on the r.t.s. up over three percent close. all up before the my sex gaining over one and a half percent. well then one hundred thousand people fled moscow on sunday due to heat on small getting the city most airlines sold extra tickets for the weekend but was saying weather conditions have led to flight delays in moscow. it's horrible to see the small good climatic conditions we're experiencing them and does it have a huge impact on business and my car for people to leave the city and fly to the beaches in the south so i think i'll sell in destinations are doing very well in terms of the operation i mean it has had some some small impact on our operations to date what are your

u.s. stocks rose slightly overnight on talk of the federal reserve. steps to boost a sluggish economic recovery and in hong kong shares were also weak as investors remain wary ahead of data in the china market those are awaiting results from some major companies and here in moscow markets are lower in early trade for my six machette hoffa sentiments for us dollar funks are dropping would be to be has no great gains made in the previous session down nearly one percent and if you names are also suffering. more than one hundred thousand people fled moscow by plane on sunday due to heat and smoke blanketing the city most airlines sold extra tickets for the weekend but what's new weather conditions have led to flight delays in moscow airports. it's horrible to see the small good climatic conditions we're experiencing them and does it have a huge impact on business and may encourage people to leave the city and fly to the beaches in the south so i think i'll sell and destinations are doing very well in terms of the operation i mean it has had some some smal

u.s. stocks rose slightly overnight on top of the federal reserve will soon signal new steps to boost economic recovery and in hong kong shares are also weak as investors remain a wary ahead of data due out in china market players are waiting first off results from some major companies the russian markets finished monday's session in the black hair in moscow the r.t.s. put on more than half a percent on the my six gained over one percent and nicole was the top performing blue chip on the r.t.s. up over three percent a close wild west hydro gas pump. all out performed on my sex gain i thought one and a half percent. more than one hundred thousand people fled moscow on sunday due to heat and smoke blanketing the city and sold extra tickets for the weekend but worsening weather conditions have led to flight delays in moscow airports. it's horrible to see the small good and the climatic conditions we're experiencing them and does it have a huge impact on the business and may encourage people to leave the city and fly to the beaches in the south so i think i'll sell and destinations are doing very

u.s. stocks rose slightly overnight on top that the federal reserve will soon signal new steps to boost sluggish economic recovery and in hong kong shares are also weak as investors remain wary ahead of data due out in china market players are waiting for tough results with some major companies. just a printer in moscow and so far it's differing into the red on my sexual stock trading in just a few minutes having finished high on monday we're. all outperformed gaining over one and a half percent. more than one hundred thousand people fled moscow by plane on sunday due to heat and smoke blanketing the city most airlines sold extra tickets for the weekend but worsening weather conditions have led to flight delays in moscow airports. the small. the climatic conditions we're experiencing a month does it have a huge impact on business and my encourage people to leave the city and fly to the beaches in the south so i think i'll sell and destinations are doing very well in terms of the operation has had some some small impact on operations to date what are your company's extension plans with a media to

in a few hours, we'll hear how the federal reserve hopes to continue guiding the u.s.conomy through this slow growth period. ben abouter nanky and his colleagues -- ben bernanke and his colleagues will discuss ways to jump start the economy. most commits say -- economists say the interest rates say it is a good idea to keep interest rates as they are. >>> the census pure row credits a strong public response and no major problems in gathering the information for the cost savings. big states such as new york, texas and here in california, all had average or below average mail-in participation rates. >>> same-sex couples hoping to tie the knot are still? a holding pattern. they -- are still in a holding pattern. a decision could come any day now whether -- whether marriages could cone. there is a possibility this won't go to the u.s. supreme court and will be settled right here at the 9th circuit court of appeals. >> if the 9th circuit court rules in favor of the city and the plaintiff, the high court may not takes the place. >> if the prop 8 dies here and the u.s. suprem

investors are concerned about the sustainability of economic recovery after the federal reserve posted a pessimistic view of the u.s. economy barclays barclays as h.s.b.c. societe generale and daughter bank are all setting between one point two and three point eight percent and russian markets are sliding in moscow as well banks are under performing on the my six would be to be in gazprom setting to help percent and as bag is also shedding two percent. russell has filed a claim against interoffice through the london court of international arbitration the companies are rolling over control of north who sol says the outcome of normal june board elections breaks the two thousand and eight agreement between it's an interest not to take control of norilsk and to maintain equal board representation the elections get three board seats with interest getting for both through saul and into ross have a twenty five percent stake in the company. sevastopol has put most of its north american steel making assets up for sale its u.s. branch has asked potential bit is to respond with offers by friday the company offers steel operat

u.s. goods overseas. add that to the federal reserve statement just yesterday, the economic recovery may be slowing and pessimism is abounding in markets worldwide. all of those worries added up to a miserable day on wall street. the dow plummeted 265 points while the nasdaq lost 68. san jose based cisco systems dropped almost 2% despite increased profits. among today's other big losers, aig, caterpillar and boeing. >>> however, the disney company and macy's are bucking the economic trend. disney reported its second quarter sales increase, 16% from a year ago. thanks to a boost from espn and the success of toy story 3. macy's net income also urge surged in the third quarter as sales rose 17.2%. they focused on exclusive brands and taylor oring brands to market. >> an all star cast was in san francisco today for the groundhe can bring of a new transbay terminal. the $2.7 million project will take six years to complete. it will include the first high- speed rail station in the united states. officials in today's ceremony focused on the economic impact that the project will bring to the bay area. >> this transbay t

u.s. goods overseas. add that to the federal reserve statement just yesterday, the economic recovery may be slowing and pessimism is abounding in markets worldwide. all of those worries added up to a miserable day on wall street. the dow plummeted 265 points while the nasdaq lost 68. san jose based cisco systems dropped almost 2% despite increased profits. among today's other big losers, aig, caterpillar and boeing. >>> however, the disney company and macy's are bucking the economic trend. disney reported its second quarter sales increase, 16% from a year ago. thanks to a boost from espn and the success of toy story 3. macy's net income also urge surged in the third quarter as sales rose 17.2%. they focused on exclusive brands and taylor oring brands to market. >> an all star cast was in san francisco today for the groundhe can bring of a new transbay terminal. the $2.7 million project will take six years to complete. it will include the first high- speed rail station in the united states. officials in today's ceremony focused on the economic impact that the project will bring to the bay area. >> this transbay t

u.s. economy appeared to be on its way to recovery. now with the federal reserve and wall street having their doubts, according to a new nbc news "wall street journal" poll, american people are sharing those same suspicions. nbc news kristen dahlgren joins us live now from washington, d.c. with more. kristen, good morning. >> reporter: hey, good morning to you, lynn. yeah, july now marks the eighth straight month that the number of foreclosures has increased over last year. couple that with unemployment, and a lot of americans are beginning to feel like we haven't yet hit bottom. in prince georges county, maryland, 3,000 would-be firefighters fought over just 94 jobs. >> we had to split off the testing process over two days, inviting 750 people to each written test period. >> reporter: across the country in los angeles, job fair attendees faired about the same. >> most employers are still laying off jobs -- laying off their employees. >> reporter: for many, economic woes continue to hit home. the number of homes lost to foreclosure surged again in july as lenders

cautious statements from the federal reserve here in the u.s. also caused some concern overseas. now on wall street many investors were encouraged by the fed's announcement that it will use money from mortgage security investments to buy government debt came back from some earlier lows. still closed on the downside yesterday. dow off 54.5 points. and right now looks like a slightly lower opening. we'll have a better indication closer to the opening bell. >>> netflix will pay nearly $1 billion for the online streaming rights to movies from three major movie studios. the deal will allow netflix to offer films from mgm, paramount and lions gate 90 days after on paid tv. this could help convert people to getting their movies online and that should keep netflix resent surge in subscribers to continue to grow. >>> transportation officials have good and bad news about air travel in the month of june. 76% of all flights were on time. that's slightly better for june of last year but down from the almost 80% of on time arrivals in may of this year. the number of flights stuck on the ground

federal reserve and the treasury work. the federal reserve can put money into the economy when it decides to buy u.s. treasury bonds, u.s. treasury securities, and the federal reserve authorized many years ago by congress, but has the power to in effect print money in order to make those purchases in government bonds to put into the economy when the economy needs to be stimulated. it does just the reverse when the economy is in a boom and there is too much spending and it needs to be -- every economist -- every book on economics explains the same process. we will wants to stimulate an economy when it is in recession, but we want to restrain -- -- restrain an economy when it is in a boom. this is perfectly feasible. i invite the lady, i invite the caller to look get any economics textbook for further details on this. host: baltimore, maryland. on a republican line. -- on our republican line. caller: you say the stimulus will be temporary and once the unemployment level gets to a certain point, it will go away. but people will be getting money. they spend that money at the time that they are getting it. once they spend it,

hurt by strength in the yang versus the dollar that follows the us federal reserve's announcement overnight of plans to boost a flagging u.s. economy by reinvesting money from mortgage bonds into government debt this is the fed's first attempt to bolster the economy in over a year asian stocks also suffering on news that japanese machinery orders increased in less than expected in june fueling fears of economic slowdown in the region. russian markets finished in the red on tuesday with both the r.t.s. out there myself losing more than one and a half percent as you may just were drug of both the bourses nuchal shed at one point nine percent on the r.t.s. while last math was the biggest loser on the my sex down more than two percent close. russian banks are continuing to cut deposit rates for individuals the central bank says the maximum interest rate for deposits in roubles this month is less than one percent that's close to pre-crisis levels the rates have decreased by around six percentage points in a year however the banks are still attracting more cash from individuals the central bank says deposits grew by around two a