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Dec 27, 2011
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and harvard. >> susie: why did you want it? >> if someone asks you to be president of harvard, you say yes. >> susie: harvard. it is a place brimming in history and tradition. over almost four centuries, the university has drawn the best and the brightest to spend time inside its ivied walls. ♪ eight u.s. presidents have walked to classes here, including john adams, teddy roosevelt, f.d.r., and john f. kennedy, as well as 19 supreme court justices. when the latest nobel prizes were announced, seven winners had studied in harvard's hallowed halls. ♪ the university recently celebrated its 375th birthday. president faust kept a close eye on the festivities. students, faculty and alumni gathered to commemorate the occasion. being president of harvard has myriad responsibilities. >> thank you to our incredible performers. >> susie: on this night, it was master of ceremonies. what is your job, in a nutshell? >> my job is to represent harvard to the world, to set its strategic directions and to build the kind of consensus and enga
and harvard. >> susie: why did you want it? >> if someone asks you to be president of harvard, you say yes. >> susie: harvard. it is a place brimming in history and tradition. over almost four centuries, the university has drawn the best and the brightest to spend time inside its ivied walls. ♪ eight u.s. presidents have walked to classes here, including john adams, teddy roosevelt, f.d.r., and john f. kennedy, as well as 19 supreme court justices. when the latest nobel...
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Dec 17, 2011
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. >> susie: thank you so much and hope you have a great holiday. >> thank you. >> susie: and you can find kevin a final installment of year end tax tips on our web, just go to nbr.com or on our facebook page. >> the books will end up in the hands of people versus landfills. >> susie: we hear the story >> susie: that's kreece fuchs co-founder of better world books. we'll tell his story next week, as we kick off our series on businesses helping build a better world. it's called "conscious capital," all next week on n.b.r. also on the calendar for next week: our friday market monitor guest will be thomas j. herzfeld of thomas j. herzfeld advisors. he specializes in closed-end funds. and we'll get a look at november's housing market with the latest reports on housing starts and sales as well as the final reading on third quarter g.d.p. also monday, a holiday take on the euro-zone's debt crisis. speaking of europe's debt crisis, it looks like the irish economy is slumping as the crisis drags on. a report out today shows that ireland's economy contracted by an unexpectedly large 1.9% in th
. >> susie: thank you so much and hope you have a great holiday. >> thank you. >> susie: and you can find kevin a final installment of year end tax tips on our web, just go to nbr.com or on our facebook page. >> the books will end up in the hands of people versus landfills. >> susie: we hear the story >> susie: that's kreece fuchs co-founder of better world books. we'll tell his story next week, as we kick off our series on businesses helping build a better...
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Dec 7, 2011
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i'm susie gharib. good night, everyone. you, too, tom. >> tom: good night, susie. good night, everyone. i'm tom hudson. we'll see all of you again tomorrow evening. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
i'm susie gharib. good night, everyone. you, too, tom. >> tom: good night, susie. good night, everyone. i'm tom hudson. we'll see all of you again tomorrow evening. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
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Dec 6, 2011
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you too, susie. >> susie: good night tom. good night everyone. i'm susie gharib. we'll see all of you again tomorrow evening. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org join us online where you can catch entire episoes you may have missed.
you too, susie. >> susie: good night tom. good night everyone. i'm susie gharib. we'll see all of you again tomorrow evening. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org join us online where you can catch entire episoes you may have missed.
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Dec 2, 2011
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i'm susie gharib. good night, everyone, and good night to you, too, tom. >> tom: good night, susie. i'm tom hudson. good night, everyone. we hope to see all of you again tomorrow night. in the meantime, we leave you with the white house tree lighting. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> be more. pbs.
i'm susie gharib. good night, everyone, and good night to you, too, tom. >> tom: good night, susie. i'm tom hudson. good night, everyone. we hope to see all of you again tomorrow night. in the meantime, we leave you with the white house tree lighting. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh...
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Dec 13, 2011
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good night everyone, and good night to you too, susie. >> susie: good night tom. i'm susie gharib. good night everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
good night everyone, and good night to you too, susie. >> susie: good night tom. i'm susie gharib. good night everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
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Dec 28, 2011
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have you with us tonight. >> hey, susie. >> susie: are we going to get the santa claus rally? what do you think? >> i think we've seen a lot of it already if you look at how much the market rallyed in the last six or sen trading sessions.zit's rallied substant. whether we get another percent or two heading into the last three days of the year and moves up to where it needed to and bounced over the last week or so. >> susie: what's your outlook. how bullish or bearish are you? >> i think the market probably can start the year off decently, but nlt grand scheme of things, nothing has changed in the big picture. the european debt crisis overhangs the market, and as long as it's a headwind to deal with, it's hard to make a serious case why the market should move higher. a little higher, sure, but a lot higher, hard to make the case. >> susie: do you think the u.s. markets will be hostage to what's going on in europe, or will we be able to decouple from the europe crisis. >> i don't think it's possible to totally decouple. the u.s. has out performed most of the major benchmarks aro
have you with us tonight. >> hey, susie. >> susie: are we going to get the santa claus rally? what do you think? >> i think we've seen a lot of it already if you look at how much the market rallyed in the last six or sen trading sessions.zit's rallied substant. whether we get another percent or two heading into the last three days of the year and moves up to where it needed to and bounced over the last week or so. >> susie: what's your outlook. how bullish or bearish are...
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Dec 16, 2011
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susie, among the culprits-- a big charge for unsold playbook tablets. >> susie: tom, rimm took a $485 million charge during the quarter related to those unpopular tablets. excluding that charge, rimm earned $1.27 a share in its third quarter, eight cents better than estimates. revenues were down from the year-ago period, coming in at $5.2 billion. >> tom: the company has struggled with a series of missteps this year, from network outages to profit warnings, and the debut of that poor selling playbook tablet. all have left investors clamoring for change. there was a time when a blackberry device was mandatory for any serious business person. but then came the iphone from apple and google's android system. roger entner is an analyst with recon analytics. >> roger how does research in motion compete in this smartphone market? >> well, it's very difficult for are rim to compete in the segment. it's products with the blackberry 7 operating system are not competitive against the iphone and android devices. >> how does it get back in the snar smartphone game? >> it needs to launch the blackb
susie, among the culprits-- a big charge for unsold playbook tablets. >> susie: tom, rimm took a $485 million charge during the quarter related to those unpopular tablets. excluding that charge, rimm earned $1.27 a share in its third quarter, eight cents better than estimates. revenues were down from the year-ago period, coming in at $5.2 billion. >> tom: the company has struggled with a series of missteps this year, from network outages to profit warnings, and the debut of that...
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Dec 3, 2011
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goodnight everyone and have a great weekend, you too susie. >> susie: good night, tom. i'm susie gharib have a great weekend everyone. we hope to see all of you again next week. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
goodnight everyone and have a great weekend, you too susie. >> susie: good night, tom. i'm susie gharib have a great weekend everyone. we hope to see all of you again next week. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
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Dec 15, 2011
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my colleague susie gharib will be along in a few moments. a nasty day in the markets, and the culprit once again was europe. stocks tumbled for the third straight day, gold fell sharply and the euro fell below a key benchmark. investors took profits wherever they could. the markets are on pins and needles about the messy situation in europe. let's run down the numbers, starting with the euro. it fell below $1.30 to its lowest level in nearly a year. worries about the future of the euro prompted investors to raise cash. that's why gold dropped nearly 5%, closing below the $1600 level for the first time in three months. on wall street, the dow fell 131 points, the nasdaq lost almost 40 points and the s&p 500 was down 13. >> tom: our guest tonight says what happens in europe will be a "defining characteristic" for the financial markets in 2012. she's liz ann sonders, chief market strategist at charles schwab. when i met with sonders this morning at a schwab investment center, she began by talking about the connection between europe and the u.s.
my colleague susie gharib will be along in a few moments. a nasty day in the markets, and the culprit once again was europe. stocks tumbled for the third straight day, gold fell sharply and the euro fell below a key benchmark. investors took profits wherever they could. the markets are on pins and needles about the messy situation in europe. let's run down the numbers, starting with the euro. it fell below $1.30 to its lowest level in nearly a year. worries about the future of the euro prompted...
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Dec 30, 2011
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>> you're right, susie, it is a long-term trend. we're talking 2012 to 2020, trends slowing down independent economy no matter what the fed does. one thing the fed can do is help restructure, encourage banks -- they only get assistance if they write down mortgages and business debt. we have $42 trillion in private debt, three times the public debt, which most people aren't aware of. if they write down that debt and get rewarded for that, it would take a trillion, trillion and a half a year lode off consumers and business and free up purchasing power at a time when demographics trends will slow otherwise. >> susie: you're bearish for the outlook for 2012. >> we've been seeing a santa claus rally in late december, maybe early january. we think we're near the end of that and basically stocks are getting ready to crash again, like they did in late 2008, early 2009. remember, last time we had a crash, there was a first downturn, early 2008, a bounce, and then it fell apart. i think between january and the summer, high chances of another
>> you're right, susie, it is a long-term trend. we're talking 2012 to 2020, trends slowing down independent economy no matter what the fed does. one thing the fed can do is help restructure, encourage banks -- they only get assistance if they write down mortgages and business debt. we have $42 trillion in private debt, three times the public debt, which most people aren't aware of. if they write down that debt and get rewarded for that, it would take a trillion, trillion and a half a...
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Dec 8, 2011
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i'm tom hudson , have a beautiful evening, you too susie. >> susie: the same to you, tom. good night everyone. i'm susie gharib. we hope to see all of you again tomorrow night.
i'm tom hudson , have a beautiful evening, you too susie. >> susie: the same to you, tom. good night everyone. i'm susie gharib. we hope to see all of you again tomorrow night.
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Dec 10, 2011
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you too, susie. >> susie: you too, tom. thank you. everyone have a great weekend. we'll see you all again next week "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org d i took it into a shop once and they said-- they thought it was probably worth perhaps £100 but i ought to get it looked at by such as yourself to get a value on it. so you really would like to know the value? well, i think it is for me something that really appeals. this reminds me of when i wake up in the morning, i have a big fig tree in my garden full of birds. but of course i don't see little things like these parakeets which are absolutely, beautifully done, with their little pink cheeks. and what's so nice about this is you've got all the shading in the leaf, which is extraordinary when you think this is actually made of bronze. it's bronze, bronze birds, bronze leaf, - cold painted. - yeah. and there's one factory that really comes to mind when you look at something like this, which is the bergman
you too, susie. >> susie: you too, tom. thank you. everyone have a great weekend. we'll see you all again next week "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org d i took it into a shop once and they said-- they thought it was probably worth perhaps £100 but i ought to get it looked at by such as yourself to get a value on it. so you really would like to know the value? well, i...
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Dec 22, 2011
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susie gharib is off this week. i'm joined by suzanne pratt. suzanne, four years after the housing market went bust there was a big settlement today over discriminatory mortgage lending practices. >> suzanne: tom, bank of america will pay $335 million to settle allegations its countrywide unit discriminated against minority borrowers during the housing boom. it involves black and hispanic customers who were sold higher cost loans than other homeowners. >> tom: in announcing the deal, the government calls it the largest residential fair-lending settlement in history. darren gersh picks up the story. >> reporter: the justice department alleges countrywide discriminated against minorities across the country, charging them higher fees. in the worst cases, 10,000 african american and hispanic homeowners who should have gotten prime loans were steered into higher-cost subprime loans. >> these allegations represent alarming conduct by one of the largest mortgage lenders in the country during the height of the housing market boom. >> reporter: the sett
susie gharib is off this week. i'm joined by suzanne pratt. suzanne, four years after the housing market went bust there was a big settlement today over discriminatory mortgage lending practices. >> suzanne: tom, bank of america will pay $335 million to settle allegations its countrywide unit discriminated against minority borrowers during the housing boom. it involves black and hispanic customers who were sold higher cost loans than other homeowners. >> tom: in announcing the deal,...
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Dec 29, 2011
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my co-anchor susie gharib is off tonight. u.s. stocks followed the euro lower today as the currency tumbled to an 11-month low against the dollar. the reason? fresh data show eurozone banks are holding more money on their balance sheets, fueling worries of a liquidity crunch. the dow fell almost 134 points, the nasdaq lost 35 and the s&p 500 was down 15 points, and that was enough to put the s&p back into the red for the year. the losses came on continued light trading volume, just 538 million shares on the nyse and one billion moving on the nasdaq. so where's the much-talked-about santa claus rally? joya dass reports. >> reporter: since 1969, stocks have gained, on average, 1.6% in the last five trading days of the year and the first two days of january. for a number of reasons: there are tax considerations, americans investing their christmas bonuses, or maybe because all the pessimists are on vacation. with the exception of last friday, there's been little evidence here of the guy in the red suit. economist stephen guilfoyle sa
my co-anchor susie gharib is off tonight. u.s. stocks followed the euro lower today as the currency tumbled to an 11-month low against the dollar. the reason? fresh data show eurozone banks are holding more money on their balance sheets, fueling worries of a liquidity crunch. the dow fell almost 134 points, the nasdaq lost 35 and the s&p 500 was down 15 points, and that was enough to put the s&p back into the red for the year. the losses came on continued light trading volume, just 538...
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Dec 24, 2011
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susie gharib is off tonight. merry christmas and happy holidays, congress has officially okayed the payroll tax cut. but the extension passed today lasts only through the end of february. the $33 billion two month tax cut was quickly signed into law by president obama. it means u.s. workers won't see a tax increase come january 1st on what they pay into social security. the bill also extends long term federal unemployment benefits, but also only through the end of february. and it addresses the so-called doc-fix, meaning there will be no cut in payments to doctors treating medicare patients. their fees could have been slashed by 27%. while today's measure keeps a return to the higher tax rate at bay. for now, the president urged congress to keep working after the holidays to extend the cuts through all of next year. >> this continues to be a make- or-break moment for the middle class in this country, and we're going to have to roll up our sleeves together-- democrats and republicans-- to make sure that the econom
susie gharib is off tonight. merry christmas and happy holidays, congress has officially okayed the payroll tax cut. but the extension passed today lasts only through the end of february. the $33 billion two month tax cut was quickly signed into law by president obama. it means u.s. workers won't see a tax increase come january 1st on what they pay into social security. the bill also extends long term federal unemployment benefits, but also only through the end of february. and it addresses the...
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Dec 20, 2011
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this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening, and thanks for joining us. my colleague susie gharib is off this week. i'm joined by suzanne pratt. suzanne, at&t made it official tonight: it's hanging up on its deal to buy t-mobile's cellular network from deutsche telekom. >> suzanne: tom, the early termination fee on this contract is a hefty $3 billion in cash, and another $1 billion worth of wireless spectrum and roaming services. >> tom: the deal began to run into trouble after the justice department sued to stop it this summer. the federal communications commission also opposed the merger. in a statement today, at&t said, "the actions to block this transaction do not change the realities of the u.s. wireless industry," citing the demand for more capacity to serve more and more wireless devices. porter bibb is managing partner with media-tech capital partners. nice to see you again. >> great to be here, tom. >> tom: is this the righ
this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening, and thanks for joining us. my colleague susie gharib is off this week. i'm joined by suzanne pratt. suzanne, at&t made it official tonight: it's hanging up on its deal to buy t-mobile's cellular network from deutsche telekom. >> suzanne: tom, the early termination fee on this contract is a hefty...
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this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. my colleague susie gharib is off this week. i'm joined by suzanne pratt. suzanne, investors got an early holiday gift today-- a hefty rally in stocks. >> suzanne: tom, it was enough to pull the dow industrials into positive territory for the month. strength in the housing market was a big support for equities. construction of new homes rose 9.3% in november, the best showing since april of last year. >> tom: on top of that, investors were cheered by good european news. first, german business and consumer confidence rose unexpectedly, and then spain pulled off a successful bond auction. the dow tacked on 337 points to close back above 12,000. the nasdaq surged 80 points and the s&p 500 was up nearly 36 points. despite the positive news out of europe, credit ratings agency fitch became the latest to warn european banks about possible downgrades. wolfgang koester is
this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. my colleague susie gharib is off this week. i'm joined by suzanne pratt. suzanne, investors got an early holiday gift today-- a hefty rally in stocks. >> suzanne: tom, it was enough to pull the dow industrials into positive territory for the month. strength in the housing...
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Dec 23, 2011
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susie is off this week. my colleague suzanne pratt is with us tonight. suzanne, after weeks of deadlock, it looks like we could finally see a deal on extending the payroll tax cut. >> suzanne: tom, it came late today with house speaker john boehner agreeing to another vote on the senate's plan for a two- month extension. if that vote fails tomorrow, payroll taxes will go up january 1 from just over 4% to 6.2%. >> tom: that works out to a difference of about $40 a week for most workers. >> you know, when everybody called for a one-year extension of the payroll tax deduction, when everybody wanted a full year of extended unemployment benefits, we were here fighting for the right things. it may not have been politically the smartest thing in the world, but i'm going to tell you what-- i think our members waged a good fight. we were able to come to an agreement. we were able to fix what came out of the senate. >> so we're close to a second vote here. darren gersh joins us with with the latest. a vote as early as tomorrow, is that right? >> reporter: that's r
susie is off this week. my colleague suzanne pratt is with us tonight. suzanne, after weeks of deadlock, it looks like we could finally see a deal on extending the payroll tax cut. >> suzanne: tom, it came late today with house speaker john boehner agreeing to another vote on the senate's plan for a two- month extension. if that vote fails tomorrow, payroll taxes will go up january 1 from just over 4% to 6.2%. >> tom: that works out to a difference of about $40 a week for most...
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Dec 31, 2011
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susie is off tonight. investors say good-bye to a year of wild market swings and lots of economic worries. but also a year that ends very close to where it began for the major stock averages. with today's fractional losses for those averages, the broad market ended the year virtually unchanged. the blue chip dow jones industrial average managed to end on the upside rising 5.5%. the nasdaq closed down almost 2%. how about the s&p 500, finishing with a loss of 4/100 of a percent, essentially in the same place it was at the end of last year. but for the 11th straight year gold prices rallied, closing at $1,566 an ounce, that marks a 10% gain this year. after this roller-coaster ride for investors, 2012 is set to begin with many of the same concerns and uncertainties. suzanne pratt reports-- reports from new york. >> tomorrow evening new york's famed times square will be filled with thousands of people celebrating the new year. on wall street, however there will be far less partying as stock investors say good
susie is off tonight. investors say good-bye to a year of wild market swings and lots of economic worries. but also a year that ends very close to where it began for the major stock averages. with today's fractional losses for those averages, the broad market ended the year virtually unchanged. the blue chip dow jones industrial average managed to end on the upside rising 5.5%. the nasdaq closed down almost 2%. how about the s&p 500, finishing with a loss of 4/100 of a percent, essentially...