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Thursday, June 4, 2009

A sea of candles marks Tiananmen anniversary in Hong Kong

Tens of thousands of people in Hong Kong joined a candlelit vigil to mark the 20th anniversary of the bloody crackdown on the Tiananmen Square protests.

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Britons get life for "sadistic" French students murder

Two Britons were given life sentences on Thursday after being found guilty of stabbing to death two French students in London, in a savage assault described as an "orgy of bloodletting". Daniel Sonnex and Nigel Farmer stabbed Gabriel Ferez and Laurent Bonomo more than 240 times in a botched burglary at Bonomo's south London apartment last June.

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Obama vows to forge “new beginning�? for Islam and America

US President Barack Obama on Thursday vowed to forge a "new beginning" for Islam and America in a landmark speech to the world's Muslims.

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Britons guilty on all counts

Two Britons were found guilty on all counts on Thursday of stabbing to death two French students in London in a savage assault described as an "orgy of bloodletting". Daniel Sonnex and Nigel Farmer stabbed Gabriel Ferez and Laurent Bonomo more than 240 times in a botched burglary at Bonomo's south London apartment last June

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Obama's Speech Welcomed by Arabs?

Obama calls for 'new beginning' between U.S., Muslims. Pressure on Israel over settlements. (Asia Confidential)

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Undercurrent Of National Sentiment

Frank Lavin of Edelman Asia-Pac Chairman of Public Affairs, Former U.S. Ambassador to Singapore. Parties would be wise to think through and through about how they connect with the broader population and how they sell or market. (Asia Confidential)

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Inside Rockefeller Courtroom

Only On The Web: Reporting from Boston, Mass., CBS News' Bianca Solorzano has the latest details in the custodial kidnapping court case against a man who previously used the alias Clark Rockefeller.

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Talking About Geographically-Based E.T.F.

Interview and discussion with Deborah Fuhr of Barclays ETF Research Head. Many people are moving toward seizing sector products, because the challenge in this environment is if you believe in the sector. (The Bloomberg Edge)

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Memories Of Tiananmen Square

On the 20th anniversary of Tiananmen Square, police in Beijing refused to allow cameras to take pictures. Still people all over the world remembered the crackdown. Barry Petersen reports.

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VIX Signals Rally May End

Stocks and currencies to show strong warning signals that the recent rally may be poised to end, analysts says. (The Bloomberg Edge)

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Buffett Rebuffs Gold

Buffett gets 'comeuppance' after Gold outperforms. Gold beats Berkshire since May 2005. (The Bloomberg Edge)

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In The Fog Of War

An error was made 65 years ago on D-Day, June 6th, 1944. Mark Strassmann has the story of an American hero who spearheaded a campaign to set the record straight.

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Search For Flight 447 Records

The search for the Air France Flight 447 flight recorder has sparked new calls for black boxes that can transmit data. But it's not as easily done as imagined, reports Nancy Cordes.

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Demand For Commodities

Interview and discussion with Justin Smirk of Westpac Banking, Senior Economist. Index crossing is above the 200-day moving average. (The Bloomberg Edge)

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Mideast Reacts To Obama

People across the Mideast tuned into hear President Obama's address to the Muslim world. Lara Logan reports.

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Obama's Message To Mideast

In an extraordinary address in Cairo, President Obama called for a new beginning in U.S. relations with the Muslim world. He defended the war in Afghanistan, but NOT in Iraq. Chip Reid reports.

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Chinese Stocks Are Rising

China started off well as in Hong Kong on the latest evidence that the economy seems to be improving and manufacturing expanded for a third month. (The Trade)

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Top Currency Performers

Interview and analysis with Sean Darby of Nomura International, Chief Asia & Emerging Markets Strategist. Asian companies and Australia will tend to stand out. (The Trade)

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Commodities Rise Most in 24 Years

Interview and discussion with Claire Leow of Bloomberg News. China's copper imports accelerated to a record in April as buyers replenished stockpiles. (The Trade)

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Asian Markets

Up more than 40%, almost 50% since the March low. The theme of the week has been growth. (The Trade)

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Japanese Stocks Are Trading

Commodities are higher and banks in focus after financials rallied in New York overnight. (The Trade)

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Dead Deal

$19.5B proposal investment has been cancelled, Rio Tinto has walked away and that deal is dead. (The Trade)

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Notebook- Flight 447

In light of the recent crash of Air France Flight 447 over the Atlantic Ocean, Katie Couric notes that the 228 people who died on that plane serve as a reminder of our own mortality.

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Remembering Tiananmen Square

It has been 20 years since students protested for democracy in Tiananmen Square. Mark Phillips reports on the legacy of the uprising.

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Super Soaker's 20th Anniversary

NASA scientist Lonnie Johnson created the Super Soaker while experimenting in his bathroom. Johnson celebrates 20 years of water-blasting with Harry Smith.

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Dad Defends "Jon & Kate Plus 8"

The beleaguered dad of "Jon & Kate Plus 8" is now disputing reports that his and his wife's choice to star in a reality show is harming their children. Michelle Gielan reports.

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Rockefeller's Mental State

After riveting testimony from his ex-wife, the trial of the man who dubbed himself "Clark Rockefeller" has moved on to descriptions of his mental state. Bianca Solorzano reports.

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More Perspective - Obama Speech in Cairo

Obama Calls for "New Beginning" Between U.S. and Muslims, Says Both Parties Need to End a "Cycle of Suspicion and Discord"; Obama Says Israel Must Recognize Palestinian Aspirations for Statehood, Says Palestinian Situation in West Bank and Gaza is "Intolerable" (Asia Morning Call)

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The Growth Of Online Porn

Addictions treatment specialist Mavis Humes Baird talks to Dr. Jon LaPook about the popularity of online pornography and its potentially addictive nature.

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Sector Focus - Retail

What's in Store for Retailers? - Analysis and Discussion with Patricia Edwards of Storehouse Partners (Taking Stock)

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Afternoon Newsbites - PS3 Pricetag, Angelina Tops Oprah

Sony Games Division Chief Says PS3 Price Won't Go Down Anytime Soon; Angelina Jolie Tops 100 Most Powerful Celebrity List (Bloomberg News)

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Sanchez- "Don't act like Nazis"

Sanchez: "Don't act like Nazis"

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Chart of the Day - U.S. Homeowners Are "Effectively Broke"

December 2006-March 2009: Homeowners Who Haven't Paid Off Mortgages Are "Effectively Broke" (Bloomberg News)

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Boehner On Obama's Speech

Rep. John Boehner (R-Ohio) commented on Pres. Obama's address at Cairo University addressing the Muslim world, saying that offering to speak with Iran makes the U.S look "weak."

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Fixed Income Outlook - Fears of Inflation Increasing

Inflation Indications and Bonds - Analysis and Discussion with Michael Pond of Barclays Capital (Bloomberg News)

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Former Countrywide CEO Angelo Mozilo Faces SEC Lawsuit

Live! From Washington D.C.: SEC Holds News Conference, Names Mozilo and Two Others with Securities Fraud and Insider Trading (Bloomberg News)

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Market Close 6.4

S&P Rises 1.1%; Dow Rises Less Than 1%; Nasdaq Rises 1.3%; Financials, Energy, and Materials Best Performers of the Day; Healthcare, Consumer Staples, and Consumer Discretionary Worst Performers; Treasuries Fall for First Time in Three Days; Fifth Third Bancorp Reiterates That Its Well-Capitalized; Initial Jobless Claims Fell to 621K Last Week; Retail Sales in May Trail Estimates (Bloomberg News)

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Vigils For Captured Reporters

Vigils were held across the country for two U.S. journalists ahead of their trial in North Korea. If convicted they face up to 10 years in a labor camp.

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Bouncer Guilty Of Murder, Rape

Bouncer Darryl Littlejohn was found guilty of raping and murdering 24-year-old John Jay College graduate student Imette St. Guillen. WCBS's Hazel Sanchez reports.

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M&A News - Intel Buying Wind River

Intel Agrees to Acquire Wind River for $884 Million (Bloomberg News)

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The Business of Stem Cells (Part 2)

Interview with Alan Trouson, President of the California Institute for Regenerative Medicines (Bloomberg News)

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More Perspective - TARP Nominee

Interview with Sen. Richard Shelby (R) of Alabama, Ranking Republican on Senate Banking Committee (Bloomberg News)

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Obama Visits The Sphinx

Pres. Obama, along with Robert Gibbs and David Axelrod, took a guided tour of the Sphinx in Giza, Egypt. During the tour, Obama joked with reporters that if they weren't there, "I'd get on a camel."

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Women Must Have Choice

President Obama urged Muslims in his Cairo speech that women's literacy means equality and the will U.S. support Muslim-majority countries willing to expand opportunities for girls and young women.

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Market Value - GM vs. Ford

New GM is $17 Billion in Debt, Ford in $25.8 Billion in Debt (Bloomberg News)

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Obama Speech- Nuclear Weapons

President Obama urged in his Cairo speech that nuclear weapons in the Middle East would spark a dangerous arms race for the world.

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Oil Outlook - Demand Growth to Slow in Favor of Conservation

Analysis and Discussion with Antoine Halff of Newedge USA (Bloomberg News)

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Liz Cheney- Obama speech 'troubling'

Liz Cheney: Obama speech 'troubling'

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Obama On Afghanistan

President Obama vows in his speech to Muslims, that the U.S. will withdraw from Afghanistan as soon as violent extremism can be contained.

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Obama On Israel

President Obama vows in his speech to Muslims, that the U.S. will withdraw from Afghanistan as soon as violent extremism can be contained.

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In-Depth Look - Russia's Rally Too Far Too Fast?

Emerging Markets Focus - Analysis and Discussion with Vladamir Milev of Metzler Payden (Bloomberg News)

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In-Depth Look - Palm Pre

Palm's New Phone to Rival iPhone (Bloomberg News)

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Inside Look - TARP Nominee

TARP Chief Nominee Alison Pledges to Spend Funds Wisely - Live! From Washington D.C.: Interview with Banking Committee Member Sen. Mark Warner (D) of Virginia (Bloomberg News)

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Investment Strategies - Dividend Stocks

Analysis and Discussion with Jeremy Schwartz of WisdomTree Investments (Bloomberg News)

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In-Depth Look - What Traders are Doing

Traders Buying Commodity Stocks - Berry Petroleum from $6 to $20 as Hedge Funds Buy; High Returns in Risk Arb Deals - Pfizer-Wyeth Deal Over 7% Return; Institutions Picking Their Spots

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Obama's Speech In Cairo

President Obama extended an olive branch to Muslims during his speech in Cairo, Egypt, by honoring personal and national ties to Islam before underlining U.S. commitment to combat violent extremists.

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Gaucho Grilling

Author Francis Mallmann showed Harry Smith how Argentineans grill and prepare steak.

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A New Beginning

President Obama reaches out to Muslims worldwide with a message of principles.

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Commodities Outlook - Cyclical Uptrend to Continue Into 2010

Analysis and Discussion with William O'Neill of Logic Advisors (Bloomberg News)

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Sector Focus - Retail

Discount Retailers in an Economic Recovery - Analysis and Discussion with Meredith Adler of Barclays Capital (Bloomberg News)

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The Most Powerful Celebrities

In this year's Forbes list of the most powerful celebrities, Angelina Jolie beat out Oprah Winfrey for the top spot. Julie Chen spoke with Forbes' Matthew Miller.

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Blago- Spider meal an "act of love"

Blago: Spider meal an "act of love"

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Rep. Burgess (TX) Speaks at CQ HealthBeat Forum

Rep. Michael Burgess, M.D., speaks at the CQ HealthBeat Forum on Health Care Reform in Washington, DC, June 3, 2009. For more videos from the forum, go to http://www.cqpolitics.com/wmspage.cfm?parm1=176

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Recap - Obama Speech in Cairo

President Barack Obama Addresses Muslim World (Bloomberg News)

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Sector to Watch - Airlines

UAL Plans Huge Jet Oder, Requesting Bids for a Significant Order as Early as Fall 2009; Both Boeing and Airbus Show Slowing Demand, Face Order Cancellations; 2009 Airline Losses May Be Bigger than Forecast (Bloomberg News)

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Mortgage Rate Jumps Most in Eight Months

Freddie Mac 30-Year Rate Jumps to Highest Since December (Bloomberg News)

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Tiananmen 20 Years Later

CBS News' cameraman Brian Robbins re-edited his graphic footage of the Tiananmen Square protest in Beijing, China from June 4, 1989, an event that today's Chinese government is attempting to erase.

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The Currency Report - Options

Focus on Currency Options - According to Citigroup, Options Signal Currency Rally May End (Bloomberg News)

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Save At The Pump

Julie Chen spoke with Financial Analyst Vera Gibbons about tips for saving money at the gas station.

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Weight-loss Surgery, No Scar

Harry Smith spoke with Dr. Jennifer Ashton about a new weight-loss surgery that shrinks the stomach and does not leave a scar.

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Obama tours pyramids

Obama tours pyramids

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In-Depth Look - ECB and BOE Keep Rates Unchanged

Analysis and Discussion with Carl Weinberg of High Frequency Economics (Bloomberg News)

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Black Box Search Intensifies

As Mark Phillips reports, officials found new wreckage belonging to Air France flight 447. Julie Chen spoke with former FAA Inspector General Mary Schiavo about the search for the black box.

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Is Bling Back?

Harry Winston's diamond is out this morning with their earnings. it is a loss again. (Bloomberg News)

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Obama's Ground-Breaking Speech

Reza Aslan , a CBS News analyst on the Middle East, talks to Harry Smith about the bold language used by President Obama on Israel, al-Qaeda, Afghanistan, women, and democracy.

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Speech Aimed At Muslim Youth

Maggie Rodriguez spoke with Face The Nation host Bob Schieffer about President Obama's historic speech in Cairo, Egypt.

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Obama's Message To Muslims

President spoke in Cairo, Egypt to the Muslim world about peace in the Middle East, women's rights and U.S. commitment to a two-state solution, reports Chip Reid.

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Politico Playback 6/4/09

Politico Playback 6/4/09

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Market Open 6.04

is live in the New York Stock Exchange with the latest in the market. (Bloomberg News)

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Pundits react- Obama Cairo speech

Pundits react: Obama Cairo speech

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In-Depth Look - OPEC Keeps Production Quotas Steady

Interview and discussion with Abdalla El-Badri of OPEC. He gives his outlook about oil prices. (Bloomberg News)

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Obama Cairo speech highlights

Obama Cairo speech highlights

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In-Depth Look - Best In Class

Interview and discussion with Marc Chandler of the Brown Brothers Harriman. He talks about the featured best in class in today's currency market. (Bloomberg News)

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In-Depth Look - Jobless Claims Data

Interview and discussion with Ellen Zentner of the Bank of Tokyo Mitsubishi. She talks about the jobless claims that we're subsiding in the economy. (Bloomberg News)

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Inside Look - Changing Of Guard At Evercore

Interview and discussion with Ralph Schlosstein of the Evercore Partner. He talks about the new challenge he will be facing as a C.E.O. of Evercore. (Bloomberg News)

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The Growing Sports Of Mixed Martial Arts

Martial arts is one of the fastest growing sports in the u.s. top organizers were in New York to promote an upcoming summer fights. (Bloomberg News)

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The View From NY Fed's Dudley - PPIP's Fate

The idea of the public- private investment partnership is pretty simple. Investors buy loans of toxic investments at discount prices with a little help from Uncle Sam. (Bloomberg News)

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Obama's Cairo Speech

Obama's Cairo Speech SHORT VERSION

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Mike Allen - Code Pink in Cairo

Mike Allen - Code Pink in Cairo

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Mike Allen - Arriving at Cairo University

Mike Allen - Arriving at Cairo University

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Mike Allen - Look...the Nile

Mike Allen - Look...the Nile

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Mike Allen - Breakfast banter with Chip Reid

Mike Allen - Breakfast banter with Chip Reid

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In-Depth Look - Time To Sell US Equities?

Interview and discussion with Keith McCullough of the Research Edge. He give his insights regarding about the Goldman Sachs that outperform for the first time. (Bloomberg News)

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Mike Allen - Press room in Cairo

Mike Allen - Press room in Cairo

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Michelle O vs. Jackie O

Michelle O vs. Jackie O

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Goldman Rated 'Outperform' By Hintz

The number one investment bank gets upgraded by the number one analyst. Hintz raise Goldman Sachs to "outperform" and set a target price of $176 a share. (Bloomberg News)

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Angelina More Powerful Than Oprah

Forbes says Angelina Jolie has dethrones Oprah Winfrey. (Bloomberg News)

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Yale Sued Over Van Gogh Painting

Yale University displays a Van Gogh painting that was seized after the Bolshevik revolution. (Bloomberg News)

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Tivo Shares

Tivo shares surged 53% yesterday after winning a patent battle with Dish Network and Eco Star. (Bloomberg News)

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YouTube & Films

YouTube is trying to expand its business into Hollywood. (Bloomberg News)

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Carey Returns

The C.E.O. of Direct Media is heading back to News Corp. (Bloomberg News)

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Chinese Crackdown

Chinese authorities are clamping down on any attempt to mark the 20th anniversary of the 1989 Tienanmen Square protest. (Bloomberg News)

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Tiger And Jack Tee It Up

Tiger Woods and Jack Nicklaus, plays together in a not very serious game before a tournament in Dublin, Ohio. (Bloomberg News)

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2009 Airline Losses Bigger Than Forecast

Airline losses worldwide this year will be greater than expected because local recessions have sapped demand for travel and business class fares. (Bloomberg News)

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Air France Crash Could Delay 787

The crash of the Air France jet into the Atlantic may mean another delay for plane that they are waiting for, the Boeing 787. (Bloomberg News)

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In-Depth Look - Average Hourly Earnings Rolls Over

Interview and discussion with Tom Keene, Bloomberg Editor at large. He talks about the inflation that adjust the wages. (Bloomberg News)

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Wal-Mart To Add US Jobs

Wal-mart plans to add 22,000 U.S. jobs this year. (Bloomberg News)

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Obama Plan Could Cost Jobs - Ballmer

Microsoft says the white house plan to raise taxes on profits at U.S. companies overseas may cause more jobs to move offshore. (Bloomberg News)

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Bond Investors Bet On 'New' GM

G.M. may end up being worth more than Ford. Once G.M. leaves court protection, it will have a market value of roughly $33 billion. (Bloomberg News)

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Chrysler Asset Sale On Hold

Chrysler posts plan to sell its best assets to a group headed by fiat is on hold. (Bloomberg News)

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Auction-Rate Probe At Banks Ended

New York's attorney general closes the door on the auction rate bond sale practices. (Bloomberg News)

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Nominee To Lead TARP Faces Senators

Herb Allison will face questions about running Fannie Mae. (Bloomberg News)

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ECB Decision Due At 7-45 AM ET

European Central Bank has plans for quantitative easing. (Bloomberg News)

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President Obama Arrives In Egypt

President Obama arrives in Cairo. The President is an hour away from the much-anticipated speech. (Bloomberg News)

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Magazine- Kitchen 4B- Risotto at Home

Jill Santopietro, cook and recipe tester for The New York Times Magazine, shows how easy it is to make risotto in her tiny kitchen.

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Hero's welcome for US veteran of D-day landings

Towns along France's Normandy coast are marking the 65th anniversary of the D-day landings that signalled the turning point the Allied Forces' war against Nazi Germany. The United States alone lost between 20 and 30,000 men between June and August 1944. In Saint Mère Eglise, World War II veterans are welcomed as heroes.

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In US, Two-Thirds Say Peace Unachievable in the Middle East

Sixty-six percent of Americans currently thing that there will not come a tim ewhen Israel and the Arab nations will be able to settle their differences and live in peace, but 32% thing that such a time will come.

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Obama in Egypt for crucial speech

US President Barack Obama is in Egypt to deliver a speech to the world's Muslims, and has been talking with his host President Hosni Mubarak on how to advance stalled Middle East peace talks. "I'm very much looking forward in the months and years to come to continue to consult with the president," Obama said. "I've communicated to him and I want to communicate to the Egyptian people greetings from America." Obama is on the second leg of a Middle East trip seeking to seeking to heal a wide rift between America and Islam and advance peace efforts.

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Police use umbrellas to stop filming on Tiananmen

Chinese secret police used umbrellas to prevent reporters from filming Tiananmen square on the 20th anniversary of the 1989 violent crackdown on pro-democracy protests.

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New trends and technologies at the Electronic Entertainment Expo

The Electronic Entertainment Expo, a videogame trade show, kicked off in Los Angeles this week. About 150 computer and video game companies showed of their latest wares.

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Rio service for those on Air France flight 447

Brazilians and French mourners united in grief Thursday in a Rio de Janeiro service for the 228 people believed killed in an Air France jet crash in the Atlantic. The foreign ministers of Brazil and France were present for the ceremony, attended by dozens of relatives of the passengers and crew of the ill-fated flight from Rio de Janeiro to Paris that came down last Monday.

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Brown battles for survival as Britain votes

British Prime Minister Gordon Brown was fighting for his political life on Thursday as the public voted in European and local elections. Britain's 72 seats in the European parliament are up for grabs in the elections and opinion polls suggest Labour could finish in third or even fourth place.

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