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Friday, June 12, 2009

Evening News Online, 06.12.09

Friday: Both major candidates each claim victory in the Iranian presidential election; Also, the U.N. imposes heavy sanctions on North Korea; And, Steve Hartman's "Assignment America."

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A Million Dollar Business From Unwanted Books

Analysis and discussion with Xavier Helgesen of Better World Books Co-Founder.He Talks about collecting unwanted books across the country for the literacy programs around the world. (Venture)

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Railroads- Barometer Of The Economy

Analysis and discussion with James Young, Union Pacific Chairman & CEO. He talks about the economic downturn on railroad industry. (For The Record)

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Nation's Financial Regulation

Report and analysis with Lizzie O' Leary and Christine Harper of Bloomberg News. They report about the compensation for firms who would receive TARP funds. (Political Capital)

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AIG Accused Of Fraud

Some firefighters who lost money by investing in insurance giant AIG claim the company committed fraud. Armen Keteyian reports on a lawsuit that is becoming enormous.

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Regulatory Reform Of Obama Administration

Analysis and discussion with Sen. Joseph Lieberman of Connecticut. He talks about the plans of the government to boost economy and for peace in the Muslim world. (Political Capital)

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Enemies Become Best Of Friends

Meet two men who are the best of friends now, but when they first met in the military their jobs put a strain on their relationship. They were trying to kill each other. Steve Hartman reports.

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The Battle Against Bullying

A group of doctors take on bullying to halt the violence that eight percent of kids say happens to them daily. Kelly Wallace reports.

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Pres. George H.W. Bush Skydives

Living up to a promise which he had made for his 85th birthday, former President George H.W. Bush skydived out of an airplane. Maggie Rodriguez takes a look at the elder Bush s big parachute jump.

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Iran- Both Sides Claim Victory

There is strong debate over the presidential elections in Iran, as challenger Mir Hossein Moussavi and current leader Mahmoud Ahmadinejad each remain defiant. Elizabeth Palmer reports from Tehran.

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Administration's Economic Projections

Analysis and discussion with Valerie Jarrett of White House Senior Adviser. She tackles about her contributions and duties to the Obama government. (Market Week)

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Heavy Sanctions For N. Korea

The U.N. Security Council has issued a set of bold sanctions punishing North Korea s nuclear weapons and missile testing. David Martin reports on the diplomatic impact of these new restrictions.

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Falling Value Of US Dollar

A weak dollar is very good for U.S companies that exports and very bad for foreign countries who exports. (Taking Stock)

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The Emerging Markets Hot List

GDP growth in China appears to be headed back to 8% plus rate. There's a lot of production and demand for raw materials that makes Chinese Stock Market strong. (Taking Stock)

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Housing Bottom Within Reach?

Analysis and discussion with Susan Watcher, Wharton School Professor. She talks about housing market. (Taking Stock)

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Technical Trends On Stock Market

The Dow Jones Industrial average up to 4%. The S&P 500 up to 4.76% and gain more than half percent for the NASDAQ. (Taking Stock)

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Notebook- Sick At Work

Katie Couric speaks about Congress's Healthy Families Act. The act forces companies with at least 15 employees to provide up to seven paid days a year.

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Amanda Knox Takes The Stand

Amanda Knox testifies in Italian court. She's on trial for the murder of her roommate Meredith Kercher. Knox claims that police threatened and intimidated her during their interrogation.

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Inside DTV Transition

Only On The Web: CBS News Daniel Sieberg speaks with CNET editor-at-large Brian Cooley about the massive TV transition to all-digital broadcast signals.

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Newsbreak- Presidential Election In Iran

murder trial for U.S. student in Italy, Holocaust museum opens after shooting, Madonna wins adoption battle

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The week in Playback 6/12/09

The week in Playback 6/12/09

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This Week in Video- 6/12/09

This Week in Video: 6/12/09

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POLITICO Street Quiz

POLITICO Street Quiz

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Mike Allen's Playbook - 6/12

Mike Allen's Playbook - 6/12

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Washington Unplugged

Healthcare legislation this summer?; The Grassley Tweetgate; 10 year old Kennedy Corpus scores a letter to teacher from President Obama; and new film, "Food, Inc." on Washington Unplugged.

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Sieberg DTV Update

CBS News science and technology correspondent Daniel Sieberg gives an update on today's digital TV transition.

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H.W. defends Sotomayor

H.W. defends Sotomayor

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Palin on Obama and debt

Palin on Obama and debt

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Obama with Zimbabwe's PM

Obama with Zimbabwe's PM

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Tobacco Bill A 'Victory'

President Obama gave remarks on the kids tobacco legislation that passed Congress and the Senate. Mr. Obama said the bill will protect children and improve public health.

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Money & Sports - Vick Release, Soccer Trade, Playoff Ratings

Atlanta Falcons Release Michael Vick from Contract; Manchester United Sells Cristiano Ronaldo to Real Madrid for $131 Million; NBA Ratings Double That of NHL Ratings (Bloomberg News)

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USS Intrepid's Glory Days

The USS Intrepid survived five kamikaze hits in World War II bringing aircraft right to the battle in the Pacific theater, reports Dave Price.

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Inside Look - Luxury for Less?

Retail Therapy - Analysis and Discussion with Howard Davidowitz (Bloomberg News)

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Gibbs and Takes 0612

Gibbs and Takes 0612

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Market Close 6.12

S&P and Dow Each Rise Less than 1%; Nasdaq Falls Less than 1%; Utilities and Telecom Best Performers, Materials and Energy Worst Performers; 242 Stocks Impacted in Today's NYSE Glitch (Bloomberg News)

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Gibbs on tator tots

Gibbs on tator tots

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In-Depth Look - Natural Gas ETF Isn't Perfect

Natural Gas ETF Lags Behind the Commodity (Bloomberg News)

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Obama Pardons Girl From School

During a town hall meeting in Green Bay, Wis. President Obama pardoned a young girl in the crowd who missed school that day to see him.

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Summer Retro Fashions

Styles from past decades make a return to the runway this season. Lori Bergamotto from People's Style Watch has more with Maggie Rodriguez.

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Inside Look - Orange County's Balancing Act

Interview with Orange County, CA Treasurer Chris Street (Bloomberg News)

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Interview with Ralph Nader

New GM, New Leadership - Nader Takes Side of GM Shareholders, Also Talks Healthcare and Tobacco (Bloomberg News)

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USS Intrepid On The Hudson

The Intrepid air and space museum in New York City raises money for wounded service members. Harry Smith speaks to the museum's president, Bill White.

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Inside Look - Reforming Financial Regulation

Fed Could Emerge as Most Powerful Regulator in Overhaul - Interview with Former Congressman Michael Oxley (Bloomberg News)

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Bush's birthday jump

Bush's birthday jump

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Spotlight - AdMob

Online Advertising - Interview with Founder/CEO Omar Hamoui (Bloomberg News)

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Palin v. Letterman saga

Summary: Palin vs Letterman

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Currency Outlook - Dollar Sell-Off Signifies Overstretching

Impact of G8 Meeting on Currencies - Analysis and Discussion with Daniel Katzive of Credit Suisse (Bloomberg News)

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Madonna Adoption Approved

A Malawi court rules in the Material Girl's favor, ending the legal challenge to Madonna's adoption of Mercy James, reports Priya David.

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Investment Strategies - Be Defensive When Markets are on Top

Analysis and Discussion with Leo de Bever of Alberta Investment Management Corp. (Bloomberg News)

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Betty White In 'The Proposal'

After more than 60 years of entertaining, Betty White can still land a joke. She talks to "The Early Show" about her role as Sandra Bullock's grandmother in the new film, "The Proposal."

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Iranian Election Day

Voter turnout is expected to be high in Iran's presidential election after electrified public gatherings leading up to elections. Elizabeth Palmer reports.

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FDA To Collar 'Joe Camel?'

A new bill gives the Food and Drug Administration the power to restrict cigarette ingredients it deems hazardous. Nancy Cordes reports.

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Housing Outlook - If Interest Rates Rise, Recovery Will Slow

Rising Rates Extend Housing Slump - Analysis and Discussion with Nicolas Retsinas of Harvard university (Bloomberg News)

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'All Night Long'

Lionel Richie performed his classic hit, "All Night Long," as the kick-off to "The Early Show" summer concert series.

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In-Depth Look - The SlingPlayer Saga

TV on Your iPhone -The SlingPlayer Mobile Limited to Wi-Fi Spots; EchoStar Prices Sling Software at $29.99 (Bloomberg News)

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Classic Lionel Richie

Singer Lionel Richie performed his classic hit "Easy" on the U.S.S. Intrepid in the Hudson River in New York City.

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Market Outlook - Debt Overhang Will Drag Down Growth

Emerging Market Strategy - Analysis and Discussion with Eduardo Levy-Yeyati of Barclays Capital (Bloomberg News)

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Amanda Knox's Day In Court

Seattle Student Amanda Knox defended herself for the first time in the Italian murder trial of her roommate. Allen Pizzey reports. Legal analyst Lisa Bloom discusses the Italian legal system.

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Lionel Richie's Favorite Song

Lionel Richie spoke about his favorite song to perform in concert. Richie's new ablum is called "Just Go."

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Lionel Richie's New Single

Singer Lionel Richie performed his new single, "Just Go" from his new album of the same name.

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Analyst Actions - Goldman on Caterpillar

Rising Commodities Benefit Caterpillar - Goldman Sachs Upgrades Stock from Conviction Sell List to Simply "Sell"; Engine Business is 30% of CAT's Revenues; Caterpillar Reiterates Dividend, But Cash Flow is Falling (Bloomberg News)

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Obama on tobacco bill

Obama on tobacco bill

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Obama on Iran elections

Obama on Iran elections

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Presidential excuse note

Presidential excuse note

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Betty White's Call Of Duty

TV comedienne Betty White, currently appearing in the film "The Proposal," said a mouthful when asked by Harry Smith if she ever performed for U.S. troops.

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Ray's Hell Burger owner

Ray's Hell Burger owner

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Morning Show Roundup- 6/12/09

Morning Show Roundup: 6/12/09

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Lawrence Summers Speaks (Part 3)

Live! From Council of Foreign Relations Annual Conference in New York, NY [THIRD PART - 10:01] (Bloomberg News)

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Amanda Knox Testimony Details

Alan Pizzey is in Italy where American student Amanda Knox took the stand to defend herself in the murder trial of her roommate.

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Lawrence Summers Speaks (Part 2)

Live! From Council of Foreign Relations Annual Conference in New York, NY [SECOND PART - 10:20] (Bloomberg News)

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Lawrence Summers Speaks (Part 1)

Live! From Council of Foreign Relations Annual Conference in New York, NY [FIRST PART - 9:53] (Bloomberg News)

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Inside Look - Stimulus Exit Strategy

Roundtable Discussion with Former IMF Chief Economist Michael Mussa and UniCredit Group Chief Economist Marco Annunziata (Bloomberg News)

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Chastity Bono's Big Change

Chastity Bono, the daughter of Sonny and Cher, announced that she has begun the sex change process to become a man. Ben Tracy reports.

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Family Photo Becomes Czech Ad

Maggie Rodriguez spoke with a family whose Christmas card photo was stolen and used in a Czech grocery store advertisement.

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In-Depth Look - Apple Earnings

Interview and discussion with Joe Kinahan of the ThinkorSwim. He talks about Apple earnings falling down dragging down the nasdaq. (Bloomberg News)

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George W. Bush on Colbert

George W. Bush on Colbert

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In-Depth Look - Hedging Inflation

Interview and discussion with Jan Loeys of the JPMorgan Chase. He says oil is more closely correlated to inflation than gold. (Bloomberg News)

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Miss World Italy Contestants Face Off With G-8 Minister

The beauties of Miss World Italy descend on the group of eight Finance Ministers. These women are hoping to ask the German Finance Minister some tough questions about Magna International's winning bid for Opel. (Bloomberg News)

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In-Depth Look - Economic Rebound Signs

Interview and discussion with Hugh Johnson of the Johnson Illington Advisors. He talks about the jobless claims, consumer expectations, and Dollars and their reflection in our future economy. (Bloomberg News)

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Market Open 6.12

Suzanne O'Halloranis of Bloomberg News is live in the New York Stock Exchange where stocks are set to kick of lower. (Bloomberg News)

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POLITICO Playback 6/12/09

POLITICO Playback 6/12/09

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In-Depth Look - BRIC's Plans To Shift Foreign Reserves

Interview and discussion with Daniel Tenengauzer of the Bank of America Merrill Lynch. He talks about the plan of the BRIC's to shift their reserves into I.M.F. bonds. (Bloomberg News)

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Financials In Pre-Market

BlackRock is down slightly at that 180 level, Bank of America is the most active name. (Bloomberg News)

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Palin- It's not cool" Palin: It's not cool"

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In-Depth Look - Dollar Drama Unfolds

Interview and discussion with Nick Bennenbroek of the Wells Fargo Bank. He talks about the debate on the currency reserve and he gives his outlook about Dollars in this today economy. (Bloomberg News)

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Capitol Hill Hall Cleaning

Capitol Hill Hall Cleaning

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In-Depth Look - New Buzz For The NBA

Interview and discussion with the President of the W.N.B.A., Donna Orender. She talks about the buzz in the sports business in selling advertisements. (Bloomberg News)

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Inside Look - BlackRock Buys Barclays Fund Unit For $13.5B

Interview and discussion with the C.E.O./Chairman/Founder of the BlackRock, Laurence Fink and the C.E.O. of the Barclays Capital, Robert Diamond. They discuss the $13.5 billion deal about BlackRock buying Barclays Capital fund unit. (Bloomberg News)

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In-Depth Look - $65B In Treasuries Auctioned This Week

Interview and discussion with George Goncalves of the Cantor Fitzgerald. He talks about the treasury auction and what we may expect next week. (Bloomberg News)

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Soros Spurns Credit-Default Swaps

Buffett isn't the only big name investor where he has credit-default swaps. Soros has joined the chorus of outrage. (Bloomberg News)

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Analyst Downgrades Asset Managers

Analysts are beginning to digest the BlackRock deal and one industry watcher downgrades a few other names in the asset management group. (Bloomberg News)

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Goldman Could Profit On WTC Deadlines

Goldman Sachs is set to make some money downtown. Its investment in the New York financial district after the 9/11 attacks may already be profitable even if the construction drags on. (Bloomberg News)

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Spielberg Close To Funding Deal

Spielberg is producing films again. DreamWorks studio is close to securing $325 million in loans. DreamWorks has no funding for films since it broke away from Paramount Pictures. (Bloomberg News)

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Paulson Fund Buys Distress Debt

Hedge fund manager, John Paulson is rolling the dice again. He buys distressed debt and mortgage-backed securities. (Bloomberg News)

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Leo Sells Malibu Home For $8M

Leonardo Dicaprio sells his beach front home for just over $8 million. (Bloomberg News)

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Hedges Report Net Inflows In May 1st Time In Ten Months

The Zing is back in the overall hedge fund performance. The investments attract more money and the global markets rallied. The index is up over 9% so far this year. (Bloomberg News)

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Iranian Presidential Election

Voters in Iran are making a big decision whether to re-elect President Mahmoud Ahmadinejad. Ahmadinejad is facing two major challengers who accuse him of hurting the economy. (Bloomberg News)

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G-8 Ministers Meet In Italy

A group of eight finance ministers are meeting today as the global economy shows signs of recovery. (Bloomberg News)

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In-Depth Look - Economy Check

Interview and discussion with Tom Keene, Bloomberg Editor at large. He talks about the currencies and commodities in the market. (Bloomberg News)

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Airlines Cut Seats & Jobs

U.S. Airlines are cutting seat count because of waning travel demand. American Airlines will shed 1,600 jobs or 2.4% of its workforce. Delta will reduce its capacity another 4% starting in September. (Bloomberg News)

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Asian Market Check

A positive day across the Asian markets, closing up a fourth straight week of gains and consumer financial shares lead the gains. (Bloomberg News)

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Investors Hungry For High Yield

We're seeing plenty of investors pile into the high yield market. A.M.G. we're seeing in the sector over the past week, fund flows to that high-yield space. (Bloomberg News)

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$45B Taxpayer Bailout Pays Off

The government bailout of Citigroup is already paying off for taxpayers. The $45 billion used to rescue city has racked up a 7.5% return. (Bloomberg News)

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Fed Could Emerge As Most Powerful Regulator In Overhaul

The Fed will likely merge as so-called systemic risk regulator. Supervising firms considered too big to fail. (Bloomberg News)

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Obama Administration Seeks New Power For SEC

The Obama Administration is hoping for quick congressional approval of its new executive pay restrictions. (Bloomberg News)

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Lakers Take 3-1 Finals Lead

The L.A. Lakers with one win away from the N.B.A. title. The Lakers beat the Orlando Magic 99-91. (Bloomberg News)

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TV Stations Go Digital Today

Today's the deadline for TV stations across the country to switch to digital transmissions. Viewers must have a conversion box to receive the new signal. (Bloomberg News)

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GM Close To Deal On Saab - WSJ

General Motors announces today that it is selling Saab to a Swedish sports car maker.

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Auto Execs Talk Dealer Closing

G.M. and Chrysler executives are back on Capitol Hill today. They will testify about canceling contracts with thousands of dealership. (Bloomberg News)

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Lawmakers Want Bernanke, Paulson

The House Oversight Committee wants to hear from Fed Chief Ben Bernanke as well as former Treasury Secretary Henry Paulson. According to Internal Fed emails Bernanke was ready to replace Lewis and his board after Lewis discusses a possibility of walking away from the deal because of Merrill's losses. (Bloomberg News)

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European Market Check

European stocks are yo-yo move today. Indexes were mixed. (Bloomberg News)

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BlackRock Investor Reaction

BlackRock is a game changer in terms of the management. Moving ahead of names like state street and fidelity. (Bloomberg News)

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BlackRock To Buy Barclays Unit For $13.5B

BlackRrock agrees to buy Barclays' fund units. With this purchase BlackRock will become the world's largest money manager.

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Health- From Dusk to Dawn

The Hebrew Home at Riverdale offers a program that operates when Alzheimer's and dementia patients are at their most active - the middle of the night.

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Vows- Vows- State of the Unions

Susan Layton and William Palmer were featured in the Vows column in 1993 when they were both marrying for the second time. Fifteen years later, it's clear they should have met when they were 25.

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Giant sand sculptures in central Berlin

Giant Buddhas, elephants and Rodin's Thinker... sand carvers are sculpting up a storm far from Germany's beaches. The World sand sculpting championship has been taking place in the German capital Berlin and the giant sculptures will be on display until the end of August. Images and soundbites.

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Security Council adopts tougher NKorea sanctions

The UN Security Council voted unanimously Friday to adopt tougher sanctions targeting North Korea's atomic and ballistic missile programs, but the Stalinist state was reportedly sticking to its nuclear defiance.

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Iranians vote in tight presidential race

Iranians have turned out in force for the Islamic republic's most hotly contested presidential vote, with incumbent hardliner Mahmoud Ahmadinejad facing a tough challenge from moderate ex-premier Mir Hossein Mousavi.

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A local vote in Morocco a quiet step forward

Moroccans went to the polls Friday to choose local officals in a reform-oriented election. It's a quiet step forward for women, as for the first time, the government has stipulated a 12 percent quota for women in the municipal polls -- a major jump from the 0.58 percent, or 127 women, now holding local council seats.

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Test 1

Test 1

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British army create Afghan village on home soil

A life-like Afghan village has been created in the heart of the English countryside to give British troops a taster of what to expect when they are posted to serve in Afghanistan for real. AFPTV joins the 1st Battalion The Royal Welsh on exercise. An AFPTV report.

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Iranians flock to vote in tight presidential elections

Iranians came out in force on Friday for what some predict could be a record turnout to choose whether to stick to incumbent President Mahmoud Ahmadinejad or oust him in favour of more moderate challegner, ex-premier Mir Hossein Mousavi. Voting stations are staying open late to handle the flood of voters.

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For Russian Jews, it's religion on wheels

There's no truck like it in Moscow. The "mitzvah-tank" cruises through the Russian capital, driven by two Orthodox rabbis and outfitted with Hebrew inscriptions and even its own menorahs. It's a synagogue on wheels, with a mission to bring Russia's secular Jews back to their roots -- or, rather, to bring their roots to them.

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Quake-hit Italian town setting for G8 summit

Italian Prime Minister Silvio Berlusconi wants to make the earthquake-struck city of L'Aquila a symbol of his government's efficiency. He plans to hold the international G8 summit there in July, just three months after the town was hit. The 58,000 refugees from the disaster, who are still barred from returning home, want more concrete help as the reconstruction work stalls.

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Nations prep for flu pandemic

Nations around the world said they were ready to combat the spread of the swine flu virus Friday, urging people not to panic after the World Health Organization declared a global pandemic. The WHO scaled up its flu alert to the maximum level six on Thursday.

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Moroccans elect local councillors

Moroccans are voting to elect 28,000 local councillors on Friday, with much attention focussed on a moderate Islamist party aiming to become a political force, and on the new reform-minded Party of Authenticity and Modernity (PAM), led by an ally of the modernising king.

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Nations prep for flu pandemic

Nations around the world say they are ready to combat the spread of the swine flu virus, urging people not to panic following a declaration of a global pandemic. The World Health Organization scaled up its flu alert to the maximum level six on Thursday but stressed it seemed -- so far -- to be a "moderate" pandemic, and did not recommend closing any borders. Some countries have opted to keep their national flu alert on a lower level. Interview with infectious diseases specialist in Hong Kong, where all primary schools and kindergartens have been shut in an effort to control the spread of the virus. Images and soundbites from France, which has kept its flu alert level at five.

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Hong Kong flu specialist gives practical advice on swine flu

As Hong Kong closes junior schools to try and stop the spread of the swine flu virus, a top flu specialists gives practical advice on the most effective ways to avoid catching the A(H1N1).

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Women of all ages more likely to be democrats

Women (41%) are more likely than men (32%) to identify as Democrats, a pattern that holds across all age groups.

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Iran votes in hard-fought presidential race

Iranians queued up to vote on Friday in the Islamic republic's most hotly contested presidential race with incumbent hardliner Mahmoud Ahmadinejad facing a tough challenge from moderate ex-premier Mir Hossein Mousavi. Images

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Tough challenges ahead for Afghan presidential polls

War-torn Afghanistan is gearing up for its second ever democratic elections on August 20. Many Afghans say they are still waiting for the fruits of democracy as they struggle against high inflation and unemployment.

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