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Thursday, June 25, 2009

U.S. Monitors North Korea

North Korea's cargo ship, Kang Nam, has carried weapons in the past, but the U.S. Navy may have a hard time stopping the ship because of uncertainty. David Martin Reports.

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Michael Jackson Dead At 50

Pop superstar Michael Jackson has died at the age of 50 of as-yet unknown causes. CBS News' Bill Whitaker reports on the life of the troubled pop singer.

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The King Of Pop Dies

Michael Jackson torments 'King Of Pop' dies at age 50. (Asia Confidential)

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Farrah Fawcett's Legacy

Holloywood icon Farrah Fawcett has died of anal cancer. As Katie Couric reports, Fawcett will be remembered not only for her looks, but also for her brave battle against the illness.

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Latest IPhone Debuts In Japan

Japan is the first country to get the new headset from apple in Asia. (Asia Confidential)

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Jackson Fans Mourn

Katie Couric speaks with CBS News' Ben Tracy in Los Angeles, who reports from the UCLA Medical Center where Michael Jackson was pronounced dead, as hundreds of fans gather to mourn the King of Pop.

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Japan Slide To Deflation

BOJ says, price declines will accelerate through the middle of the fiscal year. (Asia Confidential)

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Sanford Takes Heat from All Sides

S.C. Governor Mark Sanford said that he will reimburse the state for one of his trips to Argentina to visit his mistress. Many politicians urged him to resign. Kelly Cobiella reports.

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Money Heads Back To Hedgies

Eurekahedge says, Hedge funds saw net inflows in May for the first time in 10 months. (The Bloomberg Edge)

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Violation of Student Privacy

The Supreme Court says a school's strip search of an Arizona teenage girl accused of having prescription-strength pills in her underwear was illegal. Wyatt Andrews reports.

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Short Interest Rises The Most Against Health Care Sector

Number of shares sold short against health care jumps to 7% in two weeks. (The Bloomberg Edge)

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Sell Fortescue Shares

The best track record that predicts Fortescue metals movement still has a hold on the Fortescue shares. (The Bloomberg Edge)

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Asian Dollar Index Is Weaker

Dollar index is down by 0.2% since last week, the magnitude of the moves was pretty small compare to the last few weeks. (The Bloomberg Edge)

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Michael Jackson Confirmed Dead

May 25, 2009: Pop singer Michael Jackson has been pronounced dead after hospitalization this afternoon.

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Fundamentals In Emerging Market

Interview and discussion with Mansoor Dailami of World Bank Lead Economist. He talks about the emerging markets from the Asian financial crisis. (The Trade)

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Indonesia Stock Market Seeks To Double Value In Three Years

Indonesia's stock market in southeast is considered as Asia's top performer this year. (The Trade)

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Palm Surges In Extended Trade

Palm takes its time to develop application before taking on apple and in research in motion limited. (The Trade)

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Bernanke Defends His Record

Lawmakers allege that he threatened the CEO and board if they did not go through with a takeover. (The Trade)

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Newsbreak- Jackson Hospitalized

Pop singer Michael Jackson has been hospitalized at the UCLA Medical Center. Randall Pinkston reports.

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Investment Into Emerging Nations

World Bank says that recent recession will be deeper than estimated in March. It expects the world economy to contract by 2.9% this year. (The Trade)

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Quantas Cancel Their 30 Order Of Liner Plane

Quantas shares are up by 1.7% and the carrier will cancel their orders of 7879 and delays the delivery for another four years. (The Trade)

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Inside Look On Japan Stocks

Commodity stocks leads gain after crude oil rises above 70% a barrel. (The Trade)

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Notebook- Farah Fawcett

Katie Couric pays tribute to Farah Fawcett, whose stunning looks and smile made her a pop icon of the 1970s. She died today after a long battle against cancer.

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Committed To Imigration Reform

In a meeting with a bipartisan group of House and Senate members, President Obama stressed his commitment to substantial immigration reform and invited everyone to his Hawaiian luau.

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Crawford's Video Trail Mix- The GOP's 'Real World' Strategy

CQ Politics columnist Craig Crawford says the recent spate of GOP scandals could be part of a strategy to make the party more hip.

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Remarks On Energy Bill

CBS News RAW: President Obama made delivered remarks on the importance of Congress passing the climate change bill.

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Inside Look - New Swiss Banking Laws

The Future of Offshore Accounts - Analysis and Discussion with Asher Rubenstein (Taking Stock)

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Michelle Obama's Hula

While welcoming families to a White House event, Michelle Obama shows off her hula moves.

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Sector Focus - Coal

Cap-and-Trade's Impact on Coal - Analysis and Discussion with Paul Forward of Stifel Nicolaus (Taking Stock)

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Bernie Madoff's Sentancing

Legal Correspondent Andrew Cohen discussed possible outcomes for the trial and sentencing of Brenie Madoff.

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Brief On N. Korea Ship

David Martin offers a brief on the North Korean ship, Kang Nam, suspected of illegally transporting arms currently being tracked by the U.S. Navy.

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Survey Says - World Wealth Report

2008 Downturn in Equity & Housing Markets Cut 15% from Ranks of Millionaires - Interview with Dan Sontag of Merrill Lynch Global Wealth Management (Bloomberg News)

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Washington Unplugged, 06.25.09

Gov. Mark Sanford (R-S.C.) admitted his affair with an Argentinean woman, but many questions remain. Nancy Cordes spoke with POLITICO's Andy Barr and Washington Post's Ed O'Keefe.

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Farah Fawcett Succumbs To Cancer

Actress Farah Fawcett lost her battle with cancer at age 62, Drew Levinson reports. Fawcett was best known for her starring role in the classic TV show, Charlie's Angels.

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In-Depth Look - A Golden Cross...or Just Gold Plated?

S&P 500 Day Moving Average Rising Above 200 Day, Causing Bulls to Get Excited (Bloomberg News)

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Housing Outlook - Home Sales May Ultimately Determine GDP

Radar Logic's Monthly Housing Report - Interview with CEO Michael Feder (Bloomberg News)

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La Reuni�n Sobre Inmigraci�n en la Casa Blanca

¿Qué temas se discutirán en la reunión sobre inmigración en la Casa Blanca? ¿Puede la reforma migratoria convertirse en realidad este año y porqué el Congreso debe tomarla como prioridad? ¿Y qué principios deben guiar la reforma migratoria de aquí en adelante?

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Market Close 6.25

S&P Rises 2.15%; Dow Rises 2.1%; Nasdaq Rises 2.1%; Consumer Discretionary and Industrials Best Performers of the Day; Accenture Reports 3Q EPS - Act. $0.68 vs. $0.67; Initial Jobless Claims Came in Higher than Expected (Bloomberg News)

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In-Depth Look - Investing in the "New Normal"

The "New" Normal According to Pimco - Slower Economic Growth, Lower Returns, Higher Unemployment, and Higher Inflation (Bloomberg News)

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Vigil For Football Coach

Ed Thomas' local Iowa community gathers to mourn his loss. Thomas, who coached football and track at the local high school, was shot dead Wednesday.

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Doomed Lovers' Text Messages

John Mullarkey allegedly stabbed and killed his cheerleader girlfriend before turning the knife on himself. He survived, but police have discovered a series of texts exchanged by the two lovers.

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Market Outlook - No New Improvements in Home Sales

Analysis and Discussion with David Malpass of Encima Global (Bloomberg News)

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Money & Sports - Talking Up Tennis

Excerpt of Interview with Hall-of-Famer Jim Courier (Bloomberg News)

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Sector to Watch - Retail

Consumer Discretionary Stocks Lead Rally - J.C. Penney Upgraded at JPMorgan on Speculation Earnings Will Beat Estimates; Dress Barn to Acquire Tween for $157 Milion in Stock (Bloomberg News)

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Cynthia Sommer's 911 Call

911 Call: Listen to Cynthia Sommer's panicked call for help regarding her husband, Todd.

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Men Cheating- Ho Hum

The Early Show anchors discuss the issues around South Carolina Governor Mark Sanford's affair.

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Inside Look - Obama & the Iran Election Crisis

Excerpt of Joint Interview with Former Secretary of State Madeleine Albright and Former National Security Advisor Sandy Berger (Bloomberg News)

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More Perspective - Bernanke Under Fire

Interview with Rep. Edolphus Towns (D) of New York, Chairman of the House Oversight Committee (Bloomberg News)

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Quarantined In Beijing

CBS News producer Marsh Cooke was quarantined in Ditan Hospital in Beijing due to fear of Swine Flu.

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Obama Speaks on Energy Bill

Live! From the White House: President Barack Obama Holds News Conference (Bloomberg News)

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Afternoon Business Newsbites

Piracy Insurance Up 20 Fold; Allen Stanford Pleads Not Guilty; Yankees & Cablevision to Stream Hometown Games; Lennar Jumps After 2Q Revenue Exceeds Estimates; Consumers Cutting Back on Beef (Bloomberg News)

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Potential Cancer Breakthrough

Dr. Holly Phillips tells Jeff Glor doctors may have created a drug to help chemotherapy ignore healthy cells, a potential "holy grail" in cancer research.

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The First White House Immigration Meeting

Marshall Fitz discusses what policymakers will discuss in their White House meeting, whether immigration reform can and should happen this year, and how to move the debate forward.

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Discovering The Pluot Fruit

Bon Apetit magazine's Dede Wilson showed Harry Smith and Amanda Holden how pluots can enhance your favorite recipes.

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Inside Look - Bernanke Under Fire?

Interview with Rep. Darrell Issa (R) of California, Ranking Republican on House Oversight Committee (Bloomberg News)

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Cameron Diaz In Mother Role

My Sister's Keeper, based on the popular book, is garnering critical acclaim for Cameron Diaz who plays a mother for the first time.

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Reaction to Bernanke Testimony

Analysis and Discussion with Phil Orlando of Federated Investors (Bloomberg News)

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Calvin Klein Billboard Replaced

After public outrage, Calvin Klein replaced a racy New York City billboard with a more "traditional" ad.

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Recap - Bernanke Testimony

Ben Bernanke Under Fire for Alleged Involvement in BofA-Merrill Deal, Defends Position (Bloomberg News)

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Beloved Coach Slain In School

Iowa High School football coach Ed Thomas was gunned down by a suspected former student, Dean Reynolds reports. Harry Smith spoke with Thomas's son, Aaron Thomas and former player, Brad Meester.

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Mr. Mom's Wife Is A Hero

The Early Show learned of Christine Collins, wife of "Mr. Mom" and deployed to Afghanistan, nursed a badly burned young girl back to health.

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What To Do With Clunkers

Financial Analyst Ray Martin spoke with Harry Smith and Amanda Holden about when to repair your car and when to replace it.

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Mitch McConnell Speaks to GOPAC



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Mother Charged Over Obese Son

A S.C. mother of a 500lb obese teenage son is charged with felony neglect charges, Michelle Gielan reports.. Amanda Holden spoke with Jerri Gray about the status of her son.

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Burnham Market's Local Fare

Amanda Holden toured the delis and pubs of Burnham Market in North Norfolk, England and indulged in some of the local fare.

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GOP Stands By Sanford

S.C. State Senator Tom Davis tells Harry Smith he believes repentance can save the governor's reputation in light of previous comments made against Bill Clinton over his affair with Monica Lewinsky.

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E-mails Betrayed Sanford

Steamy e-mails were sent by S.C. Governor Mark Sanford to his mistress, reports Kelly Cobiella. Harry Smith talks to reporter Gina Smith who caught up with the governor returning from Buenos Aires.

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Richardson On N. Korea Threats

Harry Smith spoke with N.M. Gov. Bill Richardson about N. Korean threats and the two American journalists held captive there.

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Bernanke Testifies About BofA's Purchase of Merrill Lynch

Live! From Capitol Hill: Federal Reserve Chairman Ben Bernanke Delivers Testimony to House Oversight Committee (Bloomberg News)

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Spotlight - Turning Short

Interview and discussion with Damon Vickers of the Nine Points Capital. He talks about his company's earnings and its rally they've had. (Bloomberg News)

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Market Open 6.25

Lydia Thew is live in the New York Stock Exchange were stocks are set to kick off lower. (Bloomberg News)

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In-Depth Look - Bernanke Testifies In BofA/Merrill Deal

Interview and discussion with Henry Kaufman of the Henry Kaufman & Co. He talks about Ben Bernanke's testimony in the Bank of America and Merrill Lynch deal. (Bloomberg News)

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In-Depth Look - US Unemployment Claims

Interview and discussion with John Ryding of the R.D.Q. Economics. He talks about the jobless claims we are facing. (Bloomberg News)

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In-Depth Look - Prescription For Health Care

Interview and discussion with the former Health and Human Services Secretary, Donna Shalala. She talks about President Obama's attempt to change the health care. (Bloomberg News)

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In-Depth Look - Health-Care Reform

Interview and discussion with Dr. Robert Glassman of the OrbiMed Advisors. He talks about the health-care reform implementation and the executive financial compensation. (Bloomberg News)

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In-Depth Look - Health-Care Reform Effectivity

Interview and discussion with the Former Senate Majority Leader, Tom Daschle. He shares his insights regarding about the health-care reform President Obama is pushing. (Bloomberg News)

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Piracy Insurance Up 20X

Somali pirates capture two dozen merchant ships this year. They carry out more than 100 attacks. The cost of insuring commercial shipping vessels has surged as a result. (Bloomberg News)

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In-Depth Look - Emerging Market Growth Intact

Interview and discussion with David Hauner of the Bank of America Securities - Merrill Lynch. He gives his contrasting views about the foreign investment and growth. (Bloomberg News)

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Yankees & Cablevision To Stream Hometown Games

Live streaming of major league baseball games for hometown fans may cost them $49.95 for the remainder of the season or $19.95 for a 30 day plan. (Bloomberg News)

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KKR Delays Listing Shares On NYSE

K.K.R. delays listing shares on the New York Stock Exchange to seek a revise merger with its publicly traded buyout funds in Europe. (Bloomberg News)

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Chi-Won Yoon's New Job At UBS

U.B.S. appoints a new Chairman for the Asia-Pacific region, the fourth change in top management since February. (Bloomberg News)

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Bankers Are Fighting Back

Wall Street's largest lobbying group starts an international campaign to restore its battered image. (Bloomberg News)

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AIG Reduces Debt

A.I.G. reduces debt to Federal Reserve Bank of New York by $25 billion. (Bloomberg News)

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In-Depth Look - New CEO At Ericsson

Interview and discussion with the C.F.O. of Ericsson and incoming C.E.O., Hans Vestberg. He talks about Ericsson plan to cost cut. (Bloomberg News)

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Another Stimulus Needed - Buffett

Buffett says the U.S. economy needs second stimulus to get it going. Rising unemployment is the main reason why. (Bloomberg News)

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Buying Like Buffett

Warren Buffett wannabes outperform their investing oracle. Buffett individual stock picks outperform his own company. (Bloomberg News)

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CEO's Take Health Care Into Their Own Hands

Some of the nation's biggest companies are not waiting for lawmakers to fix the health care reform system. Many business leaders take matters into their own hands by prevention. (Bloomberg News)

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Obama Defends National Health Insurance

President Obama defends his push for government involvement in a national health-care system. He answers questions about overhauling health care. (Bloomberg News)

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Higher Advertising Rates - Web Shows

More people watches tv shows online and advertising rates are reflecting that. Some shows get higher rates on websites like Hulu.com than actual broadcast television. (Bloomberg News)

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Former IBM CEO Speaks With Judy Woodruff

Former I.B.M. C.E.O. speaks with Judy Woodruff regarding his view in the government executive compensation. (Bloomberg News)

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Google Investigates Service Shutdown In China

Google service resumes for some users after nationwide shutdown apparently ordered by the government. (Bloomberg News)

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Toyota In The Middle Of Storm?

Toyota's new President wants control of marketing. (Bloomberg News)

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EU Seeks Nabucco Pipeline Through Turkey

Turkey's point man in talks to join the European Union is on a charm offensive in Brussels. (Bloomberg News)

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Iran's Political Crisis

Iranian President Ahmadinejad tells President Barack Obama to stop interfering in Iran's affairs. (Bloomberg News)

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Svanberg Name BP Chairman

British Petroleum name a new chairman. Svanberg

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Shaq Heads To Cleveland?

Cleveland Cavaliers are close to acquiring Shaquille O'neal in a trade with the Phoenix Suns. (Bloomberg News)

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USA Defeats Spain In Soccer Upset

The United States defeats Spain to advance to the finals of the Confederation Cup in South Africa. (Bloomberg News)

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7-Year Treasury Auction Preview

The bond market digests the $7 billion auction. Fed says they would not increase the buyback plan when it comes to treasuries. (Bloomberg News)

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Initial Jobless Claims

Initial jobless claims expect to rise to 600,000 last week down a bit from the previous week. (Bloomberg News)

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Paulson To Testify Next Month

Henry Paulson will testify next month before the same house committee about the Merrill Lynchl deal. (Bloomberg News)

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Bernanke Under Fire

Fed Chief Ben Bernanke goes before a congressional oversight panel about Ken Lewis' buying Merrill Lynch. (Bloomberg News)

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Fed Tries To Calm Inflation Fears

Analysts from the world look at the Fed's statement yesterday. Policymakers try to ease concerns about inflation by not expanding their bond purchase program. (Bloomberg News)

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European Market Check

Allied Bank is down 1.4%, the Bank of Ireland is still down 4.75%, and Bank of America recommends selling shares in Swiss Life. (Bloomberg News)

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Asian Market Check

Asian market has a solid rally today. Central Bank keeps rates steady as expected. They see signs of growth from the global recession. (Bloomberg News)

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Opinion- Monrovia's Street Newspaper

Paul Bowers, winner of Nicholas D. Kristof's 2009 win-a-trip contest, meets a Liberian man practicing his own brand of roadside journalism.

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Bringing Mozart to Nigeria

Classical music is not an easy art to practice in Africa, where teachers and venues are scarce. One Russian pianist established a teaching programme in Lagos years back, providing both classes and concerts for the Nigerian city.

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Opinion- Roger Cohen on Iran

The columnist Roger Cohen discusses his recent reporting trip to Iran.

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Renewable energy helps rehabilitate lives

Ex-convicts in Los Angeles are being given job training to install solar panels, preparing for them for entry in the growth industry of green energy.

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City of Lights is nectar for the bees

Paris is the bee's knees, as one apiary specialist -- or beekeeper -- is out to prove. He has set up beehives in the centre of the French capital, saying the insects are happier, and their honey tastier, than their counterparts in the countryside.

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Jerusalem gets toned-down Gay Pride march

More than 2,000 people took part in a toned-down Gay Pride parade in Jerusalem.

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Middle East neighbours keep an anxious eye on Iran

Iran wields great influence over the entire Middle East, but Mahmoud Ahmadinejad's regime is not universally popular in the Arab world, and seen as the number-one threat for Israel.

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Pop icon Michael Jackson dead

Pop icon Michael Jackson died Thursday after suffering a cardiac arrest, multiple US media outlets reported, sending shockwaves around the entertainment world.

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Sex in the city- adult shops thrive in Beijing

Stores selling sex paraphernalia seem to be on every block in many parts of Beijing, catering to what experts say is a swelling sexual revolution led by a growing middle class, particularly the younger generation.

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Third of open ocean sharks face extinction

A third of the world's open water sharks -- including the great white and hammerhead -- face extinction, according to a major conservation survey released on Thursday.

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Bloody trail leads to Guinea Bissau elections

Guinea-Bissau is quietly going through the motions of a presidential election campaign despite a recent spate of political assassinations. A candidate and a former defence minister were killed earlier this month. The vote itself follows the slaying of the country's longtime president, Joao Bernardo Vieira, in March, which came on the heels of the murder of the army chief.

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Zimbabwean PM meets French ministers

Zimbabwean Prime Minister Morgan Tsvangirai met with French Foreign minister Bernard Kouchner in Paris on Thursday, on the latest leg of a world tour to try to drum up support for the "new" Zimbabwe.

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A museum recaptures a key moment in modern history

Ahead of the 20th anniversary of the Berlin Wall, one exhibition is attempting to bring the historical moment to life to those too young to have experienced it. The "socialist dream", "young pioneers" and other catchphrases of communism, as well as information on the feared Stasi police and the Wall itself, are made real for the museum's young visitors.

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