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Wednesday, June 17, 2009

Evening News Online, 06.17.09

Wednesday: Iranian protesters use Facebook, Twitter, and other social networking sites to stage demonstrations; Also, tracing the effects of the recession from one business to another.

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Coming Out As Transgender

Trenton Brooks was born a female, but after struggling with gender identity issues decided to become a man. Hear Brooks tell his story to CBS 2's Josh Landis.

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Sex Change Explained

Warning: graphic content. Dr. Jon LaPook speaks to an expert on transgender issues about what it means to undergo a sex change.

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Internet's Role In Iran

Iran has a history of riots and protests. Students rioted in 1999 and 2003, but were put down quickly. The difference this time is the internet. Bob Orr reports.

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Mongolia President-Elect Wants To Change Rio Accord

Mongolian president approaches the final moment for the foreign investor. (Asia Confidential)

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Obama's Financial Regs

Harry Smith is joined with CBS News' business correspondent, Anthony Mason who answers questions about new financial regulations announced by President Barack Obama.

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News On YouTube

Harry Smith speaks with Steve Grove, the Director of News Video at YouTube, about the role YouTube is playing in Iran as the country tries to crack down on news organizations.

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Regulatory On Capital Market

Analysis and discussion with Frank Gong of J.P Morgan Chief China Economist and Strategist. He talks about the reform process on the market. (Asia Confidential)

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Obama's Regulatory Overhaul

Obama's lay out sweeping overhaul of financial rule. (Asia Confidential)

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Overseas Workers Remit Less

Maid And Miners from Philippines,Mexico, Guatamala and Kenya send less money home cause by global recession. (The Bloomberg Edge)

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Indonesian Industries Attract Investors

BAT seeks second rank in Indonesia after $494 million Bentoel Purchase. (The Bloomberg Edge)

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Recession Ripple Effect

In the continuing series, "Financial Family Tree," CBS News' Dean Reynolds traces the ripple effect of the economic slowdown from an Iowa basket maker to cake producers in the Cayman Islands.

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Asian Stock Benchmark

Analysis and discussion with Lorraine Tan of S&P Deputy Director of Equity Research. She tackles about the marketing standard in Asia. (The Bloomberg Edge)

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Fall In Emerging Markets

HSBC asset management says fund flows won't stop correction in Asian Stocks in 2h.(The Bloomberg Edge)

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Active Risk For Currency

Analysis and discussion with Joseph Tan of Credit Suisse Chief Asian Economist. He talks about the equity on currencies. (The Trade)

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Philippine Stocks Tumble

Philippine stocks drop for two straight days on weakening growth in remittances. (The Trade)

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FedEx Says Economic Conditions Difficult

FedEx reports net loss of $876 million or $2.2 per share. (The Trade)

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Currency Index Spot

Russia and China plans to use their currencies to settle bilateral trades. (The Trade)

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Mining Industry Slumps In Australia

Report and analysis with Heidi Couch of Blomberg News. She talks about the status of copper and mineral industries in Australia. (The Trade)

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Japan's Automaker In Focus

Japanese automakers make more than half of their sales in America. Honda falls 3.6%, Nissan off in 4.3%, Mitsubishi bucking the trend up to 3.6%, it's going to launch an electric car by 2012, Nikkei newspaper says. (The Trade)

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Notebook- Twitter & Iran

Seth Doane speaks about the tens of thousands of protesters packing the streets of Tehran, demanding a new vote. Now the battle is being waged in cyberspace as well.

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Tehran Peace March

Another peaceful march has wound its way through central Tehran. Thousands of people came to march in silence, some holding signs and pictures. Elizabeth Palmer reports.

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In-Depth Look - Apple's New iPhone 3G S

Analysis and Discussion with Brian Marshall of Broadpoint AmTech (Bloomberg News)

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Update - Mongolian Elections

Live Coverage Featuring Exclusive Interview with Mongolian President Elect Tsakhiagiin Elbegdorj (Asia Morning Call)

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Spotlight - FreshDirect

Online Grocery Shopping - Interview with Chairman/CEO Rick Braddock (Taking Stock)

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In-Depth Look - Future of Renewable Energy

Analysis and Discussion with Hugh Wynne of Sanford C. Bernstein (Taking Stock)

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Iowa Teen Wins Texting Title

15-Year Old Wins $50K Prize in LG U.S. National Texting Championship (Bloomberg News)

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Inside Look - "Hedge Fund-Like" Investments

ETFs That Mimic Hedge Funds - Analysis and Discussion with Adam Patti of IndexIQ (Bloomberg News)

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In-Depth Look - "Bubble of Belief"

Bubble of Belief in China Economy Seen Bursting (Bloomberg News)

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Another Look - Regulatory Overhaul

Roundtable Discussion Featuring Columbia Law School Professor John Coffee and Brookings Institution Fellow Douglas Elliott (Bloomberg News)

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Market Close 6.17

S&P Falls Less Than 1%; Dow Remains Virtually Flat; Nasdaq Rises Less Than 1%; Healthcare and Consumer Discretionary Best Performers of the Day, Financials and Energy Worst Performers (Bloomberg News)

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In-Depth Look - The Next Big Short?

Stocks Trading Down on Good News (Bloomberg News)

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Presidential Fly Swatter

President Obama had to stop an interview with CNBC to swat a fly that landed on his hand.

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Sector to Watch - Technology

Qualcomm Leads Tech Sector Higher After Goldman Sachs Upgrade to "Conviction Buy"; Texas Instruments Raised to "Buy" from "Underperform" at Bank of America (Bloomberg News)

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Financial Oversight Upgrade

President Obama's finance regulation plan is the largest in over 70 years, reports Bill Plante. Maggie Rodriguez speaks to the White House's Christina Romer about the public's concerns.

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Obama's New Financial Proposal

President Obama is focusing on the next step to fix the financial system: proposing new regulations that are intended to help consumers and put limits on bankers. Chip Reid reports.

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Inside Look - Driving Down Spending

Focus on Nascar Advertising - Interview with Baker Street Advertising Creative Director Bob Dorfman (Bloomberg News)

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9/11 Rescue Dog Cloned

A Calif. company chose Trakr, a German Shepherd who helped find the last 9/11 survivor, from several entries to clone a dog for free, reports Debbye Turner Bell.

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Kate Caught Spanking

Kate Gosselin is again involved in controversy after she was photographed spanking her daughter. Maggie Rodriguez spoke with attorney Glora Allred about her complaint against 'Octomom' Nadya Suleman

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Slow Cooking Summer Meals

Harry Smith and Maggie Rodriguez help Katie Lee Joel make brisket in a slow cooker, a great way to treat Dad for Father's Day.

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Further Reaction - Regulatory Overhaul

Interview with Rep. Ron Paul (R) of Texas (Bloomberg News)

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Deserving Dad's Makeover

The father of an Autistic son received a makeover from InStyle's Katrina Szish and grooming expert Kyan Douglas.

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Concerns Over Zicam

Dr. Jennifer Ashton spoke with Harry Smith about reports of loss of taste and smell attributed to over-the-counter Zicam cold medication.

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More Insight - Regulatory Overhaul

Interview with National Economic Council Director Lawrence Summers (Bloomberg News)

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More Perspective - Regulatory Overhaul

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

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Inside Look - Regulatory Overhaul

Live! From Washington D.C. - Interview with UBS Americas CEO Robert Wolf (Bloomberg News)

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Frank and Dodd React to Obama's Financial Regulation Plan

Live! From the White House - House Financial Services Committee Chairman Barney Frank and Senate Banking Committee Chairman Christopher Dodd Hold Joint Press Conference (Bloomberg News)

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Journalist's Family Speaks

The families of two American Journalists sentenced to 12 years of hard labor in North Korea are asking for their release. Harry Smith spoke with Angie Wang, the cousin of Laura Ling.

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Eat What You Grow

Master gardener William Moss showed Harry Smith how easy it is to grow a vegetable garden in and around your home.

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Texting Champ Tested

Maggie Rodriguez and Dave Price challenged Kate Moore, the national texting champion, to text while blindfolded.

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Obama Announces Financial Regulations Plan

Live! From the White House - President Barack Obama Holds News Conference [FULL CLIP - 19:27] (Bloomberg News)

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Emerging Market Spotlight - Brazil, China, Mexico

Investing in Emerging Markets - Analysis and Discussion with Claudio Brocado of BatteryMarch Financial Management (Bloomberg News)

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Spotlight - Ford Motor Co.

Ford Zooming Ahead of Competition - Live! From National Summit in Detroit, MI: Interview with CEO Alan Mulally (Bloomberg News)

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Heart Healthy Foods

Dr. Jennifer Ashton recommends simple dietary changes to improve heart health to Maggie Rodriguez.

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How To Sell Your Gold

Taking the time to compare offers from different sources will help get the best value for your jewelry, reports consumer correspondent Susan Koeppen.

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Inside Look - Re-Branding the Saturday Evening Post

Publishing Industry Outlook - Interview with Saturday Evening Post Publisher Joan SerVaas (Bloomberg News)

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The Currency Report - Talking Technicals

Dollar and Yen May Rise Should the S&P Decline (Bloomberg News)

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International Perspective - Overhauling UK's Bank Rules

Analysis and Discussion with Bob McDowall of TowerGroup (Bloonberg News)

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Analyst Actions - S&P on Banks

S&P Downgrades Some U.S. Banks on Less Favorable Operating Conditions and Increased Market Volatility (Bloomberg News)

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Iran Limits Internet Use

Social networking sites were shut down in Iran after protesters used these sites to coordinate rallies and get news out about government action. Elizabeth Palmer reports.

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Grandmother 'Falls' Overboard

The coast guard is searching the Gulf of Mexico for an Ala. woman who went overboard off a cruise ship. Susan Roberts reports. Travel expert Peter Greenberg spoke on cruise ship safety.

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In-Depth Look - Regulatory Overhaul

Interview and discussion with Brad Sherman. He talks about the regulatory overhaul the Obama administration is pushing. (Bloobmerg News)

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Cleric Calls For Iran Unity

Iranian demonstrators continue to protest as internet, press restrictions are set, reports Elizabeth Palmer. Harry Smith talks to Time's Joe Klein who just returned from Tehran.

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Expensive Health Care Bill

When President Obama announced plans to overhaul our health care system, no one expected it to be cheap. The health care bill could cost much more than the president wants. Wyatt Andrews reports.

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In-Depth Look - Earning Outlook

Interview and discussion with Barry Knapp of the Barclays Capital. He says earnings expectations are still too high.

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Market Open 6.17

Cris Valerio is live in the New York Stock Exchange with the latest in the market; stocks are to kick off higher. (Bloomberg News)

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Trump Wants To Buy Trump Casinos

Donald trump submits a plan to buy a bankrupt casino Trump Entertainment Resorts. (Bloomberg News)

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'Most Difficult' Economy Ever - FedEx

FedEx says the future is too fuzzy to predict, their stocks are falling as they gave a disappointing forecast. (Bloomberg News)

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In-Depth Look - Impact Of Obama's Regulation Reform On Banks

Interview and discussion with Paul Miller of the F.B.R. Capital Markets. He gives his thoughts on the Obama's financial regulation reform in banks. (Bloomberg News)

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BRIC Dollar Bonds Beat Local Debt

Brazil, Russia, India, and China outperform the U.S. dollar bond. (Bloomberg News)

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In-Depth Look - Regulatory Reform

Interview and discussion with Gleen Hubbard of the Columbia University. He talks about the regulatory reform in the financial sector. (Bloomberg News)

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In-Depth Look - Regulatory Reform

Interview and discussion with Arthur levitt of the Carlyle Group. He shares his thoughts regarding the Obama's financial regulatory reform. (Bloomberg News)

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In-Depth Look - Sweeping Regulatory Reforms

Interview and discussion with the Council of Economic Advisers, Christina Romer. She talks about the regulatory reform that may affect the financial market. (Bloomberg News)

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Unrest In Iran

After a series of violent protests, Iran's Supreme Leader Ayatollah Ali Khamenei announced an investigation into the recent controversial presidential election. Elizabeth Palmer reports from Tehran.

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In-Depth Look - Regulatory Overhaul

Interview and discussion with the Republican House Representative, Eric Cantor. He says their are still need to be concerned with Mainstream Investors. (Bloomberg News)

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Lincoln Raise $600M For Capital

Lincoln raise $600 million to rebuild capital after two straight quarters of losses. (Bloomberg News)

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US Economist Joins Bank Of England

American economist will play a big role at the Bank of England. Adam Posen joins the panel that sets interest rates. (Bloomberg News)

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Rain Might Trump All Themes At US Open

The U.S. open begins tomorrow in Farmingdale, New York but rain might be a hindrance. (Bloomberg News)

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In-Depth Look - Bove Says Adjusting The Banking Is High Risk

Interview and discussion with Richard Bove of the Rochdale Securities. He says regulatory reform may be a mistake. (Bloomberg News)

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Gold Vending Machine

German company plans to install vending machines where you can get gold. They open its first machine at Frankfurt airport. (Bloomberg News)

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BofA In Talks To Sell First Republic

Carlyle Group, Blackstone, and T.P.G lead a group of bidders to buy first republic from Bank of America. (Bloomberg News)

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Obama Lauds N. Korea Sanctions

President Obama met with South Korean political officials and told them that the U.S. will enforce the recent U.N. sanctions imposed on North Korea. David Martin reports from the Pentagon.

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End To Ban On Cuban Cigars?

The ban on the smoke interest in Cuba will come to an end because President Obama works to lift trade restrictions from Cuba. (Bloomberg News)

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Latvia's Meltdown

Latvia's teeters are on the brink of bankruptcy, Sweden is taking the damage. (Bloomberg News)

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Japan Raises Assessment Of Economy

Japan's government raises its assessment of the economy for a second straight month. (Bloomberg News)

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Companies Are Racing To Reduce Debt By Selling Stock

Companies are working to reduce their debt loads. They are doing it by taking advantage over the stock market rally. (Bloomberg News)

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British Airways Asks Employees To Work For Free

British Airways is hoping its employees to work for free for up to four weeks. (Bloomberg News)

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Asian Market Check

Mostly down day across Asia. The mining companies and also banks lead the drop after a disappointing U.S. economic data with numbers weaker than expected. (Bloomberg News)

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US Inflation Likely Rise In May

Inflation expects to increase for the first time in three months. (Bloomberg News)

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Anti-Government Protest In Iran

Another anti-government protest in work in Iran. Thousand of Iranians rally on allegations of fraud in last week's Presidential election. (Bloomberg News)

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Obama On Regulatory Reform

Bloomberg has a preview on President Obama's speech plan to overhaul the nation's regulatory structure. (Bloomberg News)

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Sosa Say To Have Positive Drug Test

Baseball star Sammy Sosa tested positive for a performance-enhancing drug in 2003. That is according to the "New York Times." (Bloomberg News)

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Fed May Send Strong Signal Next Week

Federal Reserves officials hold their meeting on interest rates. The main message to market is maybe no rate hikes. (Bloomberg News)

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US Consumer Prices Probably Rise

The consumer index expects to rise for the first time in three months lead by the rising fuel costs. (Bloomberg News)

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NASA Cancels Endeavour Launch

NASA cancels again the launch of the space shuttle Endeavour because of the Hydrogen gas leak. (Bloomberg News)

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European Market Check

Euro markets are not higher today. They are down for a fourth day. Commodity producers are the reasons behind the declines. (Bloomberg News)

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UK Government Signals Limits Regulatory Overhaul Ahead

Financial regulation also a major issue this week in U.K. Chancellor Alastair Darling has some plans to avoid banking bankruptcy. (Bloomberg News)

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Kidnapped

In Full: Kidnap victim Shawn Hornbeck speaks out for the first time with details about his incredible story of survival in an exclusive interview with 48 Hours' Troy Roberts.

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Sports- The 52 Blocks

Practitioners of the 52 Blocks show some of the techniques that are part of the fighting style, and discuss it's legitimacy as a sport.

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Magazine- Core Values

Stuart McGill, a professor of spine biomechanics at the University of Waterloo in Canada, demonstrates a core exercise program emphasizing all the major muscles that support the spine.

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Health- Coping With- Childhood Obesity

Childhood obesity is a risk factor for many adult illnesses, including heart disease and diabetes. Here is a a look at two teens' mission to lose weight.

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Foreign men mountains take on ancient Japanese tradition

Sumo may be as iconic to Japan as samurai and sushi, but a wave of foreign wrestlers have come to steal the show: the ancient sport hasn't seen a home-grown champion in more than three years.

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French tyre maker Michelin sheds 1,093 jobs

French tyre maker Michelin said on Wednesday it would shed 1,093 workers because of crisis in the global auto industry but stressed this would be done "without outright redundancies."

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M. Makhmalbaf, cinéaste iranien, demande de nouvelles élections

The Iranian film director, Mohsen Makhmalbaf is calling on the international community to refrain from recognizing the election of president Mahmoud Ahmadinejad. Makhmalbaf is close to opposition candidate Mir Hussein Mousavi.

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Traditional media turn to internet for Iran coverage

International media said Wednesday they were skirting the ban on reporting from the streets of Iran by using a flood of emails, Twitter messages and phone calls from people inside the country. Iranian authorities accused some foreign media of being the "mouthpiece of rioters" Wednesday in the wake of demonstrations by supporters of the defeated presidential candidate Mir Hossein Mousavi, who wants a fresh election. So with foreign media now barred from taking to the streets to report on the aftermath of the disputed election, heavy use is being made of so-called user-generated content.

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French investigators say 'getting closer' to AF447 crash cause

Investigators said on Wednesday they were inching closer to understanding what caused the crash of Air France flight 447 as the deep-sea search for bodies and evidence continued in the Atlantic.

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Iconic French glacier retreats as global warming hits

The glacier at the foot of Europe’s highest mountain Mont Blanc is in danger of disappearing because of climate change. The “Sea of Ice�? is expected to retreat some 500-600 metres over the next couple of decades.

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