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Wednesday, July 15, 2009

Franken's 'Mason Moment'

Katie Couric reports on a comedic moment during Sonia Sotomayor's Supreme Court Justice confirmation hearing, as Sen. Al Franken (D-Minn.) had a "Perry Mason" moment.

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The Rush for Health Reform

President Obama praised Congress for taking small steps toward health care reform, then pleaded with them to pick up the pace. Chip Reid reports.

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Complex Web Of Recession

In the latest segment of "Financial Family Tree," Mark Strassmann reports on the ongoing ripple effect of the recession, as various businesses in Nantucket, Mass. have faced loss of revenues.

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Friends Of Sharks

Nine shark bite victims were on Capitol Hill to speak on behalf of the very animals that had bit them. Nancy Cordes reports.

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China's Economic Growth Accelerates

Interview and discussion with Laurence Brahm of Global Activist, Mediator and Columnist. He talks about the economic recovery of China and the latest result of its Gross Domestic Product. (Asia Confidential)

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Upgrade On China's Biggest Airlines

China's biggest airline is now overcapacity and has too many employees. (The Bloomberg Edge)

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Consumer Reduce Coffee Consumption

Coffee prices have risen the most in five weeks and that may be the sign that consumer demand is on its way back. (The Bloomberg Edge)

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Soldier Slayings

A U.S. Army study suggests soldiers involved in heavy combat are likely to commit murder when they come home. Troops complain they're forced to make a tough adjustment. David Martin reports.

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Obama's Take on Health Care

In his interview with President Obama today, CBS News Medical Correspondent, Dr. Jon LaPook asked the Commander-in-chief about one key change in his position on health care.

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China's Gross Domestic Product

The gross domestic product growth is 7.9% in the second quarter for china's economy which is higher than estimates. (The Bloomberg Edge)

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168 Died In A Plain Crash In Iran

Emergency crews are searching through the wreckage for clues about the cause of plain crash. (The Trade)

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Future Of Health Care Reform

CBS News Medical Correspondent Dr. Jon LaPook spoke with President Obama about his continuing efforts on health care reform and what the future holds.

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China Has The World's Largest Foreign Reserves

China's reserves are so big to keep the Yuan stable for exports to have the buying dollar asset remains. (The Trade)

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Melco And LVS Agree To Limit Commissions To Macau

Casinos have agreed to cap payments to operators, limiting commissions to 1.25% to set off rally. (The Trade)

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Inside Look On Japanese Stock Market

There is a strong growth outlook in a slow and dying industry. (The Trade)

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Confidence In World's Economy Is Dropping

Secretary Timothy Geithner says that the world will suffer setbacks in the existence of recession that will help push the lumbar global confidence index down. (The Trade)

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Notebook- Court History

As nominee Sonia Sotomayor continues her confirmation hearings, Katie Couric talks about how the Supreme Court has evolved over the past 200 years.

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World's Biggest I.P.O In More Than A Year

There are more initial public offerings in China as it may raise as much as $7.5 billion in Shanghai. (The Trade)

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CIT Is Not Too Big To Fail

CIT says that there is no appreciable likelihood of more federal support in the short term they are struggling to meet their debt obligation. (The Trade)

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Australian Market Climbs To A One Month High

The ASX 200 pushes through the 4000 mark barrier twice and it did break through earlier in the session and increase its rate. (The Trade)

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Japanese Commodity Stocks

World's biggest digital camera maker benefits from weaker yen and commodity stocks rises today since the last five weeks. (The Trade)

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Obama- Taxing Wealthy 'Good Idea'

In an interview with Dr. Jon LaPook, President Obama says wealthy Americans should pay more upfront for healthcare reform. Watch the full interview Wednesday on the "CBS Evening News."

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Specter Assails GOP Criticism

Sotomayor hearings, day 3: Pennsylvania Sen. Arlen Specter took aim at Republicans' criticisms of Sonia Sotomayor during his first round of questioning of the Supreme Court nominee.

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Klobuchar's Encounter With Sotomayor's Mom

Sotomayor hearings, day 3: Minnesota Amy Klobuchar began her questioning with an amusing anecdote about meeting Sonia Sotomayor's mother in the bathroom.

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Inside Look - What is Trade Sentiment Telling Us?

Analysis and Discussion with Colin Berthoud of youDevise (Taking Stock)

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Fast Draw- Marijuana

Marijuana is a huge cash crop in the U.S. although it can send its farmers to jail. The "Fast Draw" team, Mitch Butler and Josh Landis, report.

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In-Depth Look - CIT Group Trading Halted

Insight with Bloomberg Editor-at-Large Tom Keene (Bloomberg News)

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Stunt Plane's Failed Recovery

A stunt plane in Germany failed to recover from a tailspin before clipping a car. Only minor injuries were reported.

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Sotomayor Parries Coburn's Questions on Abortion

Sotomayor hearings, Day 3: Sonia Sotomayor dodged a series of questions from Oklahoma Republican Tom Coburn - a practicing obstetrician - about how she would view abortion-related cases if she is confirmed to the Supreme Court.

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Wall Street - Business as Usual?

Roundtable Discussion with Hill-Townsend Capital CEO Gary Townsend, Charles Peabody of Portales Partners, and LM Tilman & Co President Leo Tilman [FULL CLIP - 17:06] (Bloomberg News)

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Market Close 7.15

S&P Rises 3%; Dow Rises 3.1%, Nasdaq Rises 3.5% (Bloomberg News)

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Bernie Madoff in Prison

From millionaire to earning cents per hour in prison labor, Bernie Madoff is now at the facility where he will likely spend the rest of his life, reports Priya David.

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Specter Assails GOP Criticism

Sotomayor hearings, day 3: Pennsylvania Sen. Arlen Specter took aim at Republicans' criticisms of Sonia Sotomayor during his first round of questioning of the Supreme Court nominee.

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Early Backstage- Ambush Matchmaking

Relationship expert Matt Titus showed "Early Backstage" host Adam Wurtzel how to do an ambush matchmaking on the Plaza.

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Slay Victim's Daughter Speaks

Ashley Markham, eldest daughter of the slain Florida couple speaks to Maggie Rodriguez about how her siblings are coping and how special her parents were.

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Fed Focus - GDP Projections in Minutes Are Too Pessimistic

Interview with Former Fed Vice Chairman Alan Blinder (Bloomberg News)

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Inside Look - June 24 FOMC Minutes

Reaction with Diane Swonk of Mesirow Financial (Bloomberg News)

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Another Look - Healthcare Debate Heats Up

Analysis and Discussion with Sen. Kent Conrad (D) of North Dakota (Bloomberg News)

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Hiker Lost 12 Days, Found

An Australian hiker ate seeds and weeds to survive the 12 days he spent lost in the wilderness. Sheila MacVicar reports.

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More Perspective - Healthcare Debate Heats Up

Interview with Rep. David Camp (R) of Michigan, Ranking Republican on House Ways & Means Committee (Bloomberg News)

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Analyst Actions - Barclays on ICE

Defending the Intercontinental Exchange - Barclays Upgrades Stock to Buy, Says ICE Stands to Reap Big Gains from Credit Default Swaps (Bloomberg News)

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Cornyn Says He Won't Filibuster Sotomayor

Sotomayor hearings, day 3: He might be head of the National Republican Senatorial Committee, but he made clear Wednesday that he would not lead a charge to filibuster Sonia Sotomayor's nomination to the Supreme Court.

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Sotomayor Parries Coburn's Questions on Abortion

Sotomayor hearings, Day 3: Sonia Sotomayor dodged a series of questions from Oklahoma Republican Tom Coburn - a practicing obstetrician - about how she would view abortion-related cases if she is confirmed to the Supreme Court.

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Obama Reiterates Deadline for Healthcare Bill

Live! From the White House: President Barack Obama Holds News Conference, Introduces Members of American Nurses Association (Bloomberg News)

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Secrets of a Food Stylist

Food Stylist Marie Haycox showed Harry Smith and Maggie Rodriguez easy tips for sprucing up any meal.

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In-Depth Look - Retailers Eye Social Networks

Social Network Sites Appear as Attractive Venue for Retailers (Bloomberg News)

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Rupert's Rising Star

Maggie Rodriguez spoke with actor Rupert Grint about the sixth Harry Potter film and his rising fame.

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Retail Stores Making Deals

Low retail sales sends stores into giveaways and sales in order to get customers, consumer contributor Vera Gibbons tells Harry Smith.

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In-Depth Look - Investors Turn Sour on Stocks

Bloomberg Survey Shows Sentiment for Stocks Lowest Since March (Bloomberg News)

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Klobuchar's Encounter With Sotomayor's Mom

Sotomayor hearings, day 3: Minnesota Amy Klobuchar began her questioning with an amusing anecdote about meeting Sonia Sotomayor's mother in the bathroom.

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Survey Says - Safety Trade Returns

Bloomberg Global Confidence Survey - Analysis and Discussion with Suvrat Prakash of BNP Paribas (Bloomberg News)

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Market Outlook - Investor Confidence Falls to Four Month Low

Where's the Stimulus? - Analysis and Discussion with David Resler of Nomura Securities (Bloomberg News)

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Sector Focus - Media

Analysis and Discussion with Porter Bibb of Mediatech Capital Partners (Bloomberg News)

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Fast Food Diet Tips

Eating lean on the go may just be a matter of wise menu choices, Frances Largeman-Roth from Health magazine tells Maggie Rodriguez.

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Inside Look - Yale's Endowment Losses

Interview with Yale University President Richard Levin (Bloomberg News)

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Today in Washington - Paulson Speaks

Paulson Testifies on BofA-Merrill Deal, Set to Meet Before House Oversight Committee Tomorrow (Bloomberg News)

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The Currency Report - Chinese Yuan

China's Currency Reserves Exceed $2 Trillion (Bloomberg News)

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International Perspective - U.K. Unemployment Rises to 7.6%

Analysis and Discussion with Ross Walker of Royal Bank of Scotland (Bloomberg News)

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Inside Look - From Football to Financials

Interview with Steve Young, NFL Hall-of-Famer and Now of Huntsman Gay Global Capital (Bloomberg News)

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Jackson Death a Homicide?

Official autopsy reports are not due for another week, but TMZ is reporting that the LAPD has enough evidence to charge Michael Jackson's doctor for his death. Hattie Kauffman reports.

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Fla. Police Zero In on Suspect

Arrests in the Billings murder to continue as the search goes on for another suspect, reports Terrell Brown. Sheriff David Morgan of the Escambia County police department talks to Maggie Rodriguez.

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Sotomayor Defends Herself

In the second day of confirmation hearings, Judge Sonia Sotomayor was forced to defend her now famous "wise Latina" comment. Wyatt Andrews reports.

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In-Depth Look - Regulating Hedge Funds

Interview and discussion with the President of the Mill Rock, Manuel Asensio. He says investors weren't cause of problems in hedge funds. (Bloomberg News)

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Plane Crash in Iran

A Russian commercial jet crashed in Iran, reportedly killing all 168 people aboard. Richard Roth reports.

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Cornyn Says He Won't Filibuster Sotomayor

Sotomayor hearings, day 3: He might be head of the National Republican Senatorial Committee, but he made clear Wednesday that he would not lead a charge to filibuster Sonia Sotomayor's nomination to the Supreme Court.

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Inside Look - Healthcare Debate Heats Up

Interview with Rep. James Clyburn (D) of South Carolina (Bloomberg News)

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In-Depth Look - Retail Strategy

Interview and discussion with the board member of the Godiva and Sam Adams, Jay Margolis. He says the key for retail is to get the consumer back in the store. (Bloomberg News)

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Market Open 7.15

Cris Valerio is live in the New York Stock Exchange. Stocks are set to kick of higher. (Bloomberg News)

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In-Depth Look - Investor Group Offers "Bolder" Overhaul

Interview and discussion with the Chief Investment Officer of the CalPERS, Joseph Dear. He says we propose independent body to oversee systemic risk in system. (Bloomberg News)

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In-Depth Look - Gannett 2Q Earnings Reaction

Interview and discussion with Michael Kupinski of the Nobile Financial Group. He says Gannett positive earnings shows company cut costs. (Bloomberg News)

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In-Depth Look - Stimulus Status Check

Interview and discussion with Tim Dowd of the INPUT. He gives his insights regarding about the stimulus package. (Bloomberg News)

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Greenlight Buys Bullion

Greenlight says it is cheaper to hold gold in a storage facility than to pay fees for the spider gold trust. (Bloomberg News)

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In-Depth Look - 4% GDP Growth Within 18 Months

Interview and discussion with Robert Stein of the First Trust Advisors. He predicts GDP growth within 18 months. (Bloomberg News)

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Toklien Heirs Take Time Warner To Court

Time Warner accounting methods will face scrutiny when the case goes to trial in October in Los Angeles. (Bloomberg News)

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Phillies Sign Pedre For $1M

Pedro Martinez signs a one-year $1 million contract with the Philadelphia Phillies. (Bloomberg News)

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Cassel Signs $63 MIn Deal

Cassel signs a six year contract with the Kansas city chiefs. (Bloomberg News)

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AL Wins All-Star Game Again

The American league wins again with the score of 4 - 3. (Bloomberg News)

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A Victory For Drugmakers

Health-care reform may boost biologic drug making companies profit. (Bloomberg News)

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Tracing Harry Potter

Harry Potter is out again in the movie house. It is expected to gain $155 million for its first day. (Bloomberg News)

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Mulish Behavior In Azerbaijan

The ad is for the government which is accuse of wasting money to import donkeys. (Bloomberg News)

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Harvard Admits Largest MBA Class

Harvard enrolls its largest MBA class to raise money in challenging times. (Bloomberg News)

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Wagoner Gets Reduce Payout

Wagoner will retire on August 1 he will receive reduced retirement payout. (Bloomberg News)

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Gannett Earnings

Gannett reports earnings for the industry. Gannett sales slumps. (Bloomberg News)

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Former Merrill Employee Courted

A new campaign is underway to rehire former Merrill employees that quit after the merge. (Bloomberg News)

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Korea Investment Corp Sticking With BAC

Bank of America gets a confidence boost. Korea Investment Corp., talks about a long- term investment which would eventually rebound along with the economy. (Bloomberg News)

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Health Plan Would Tax Wealthy

House democrats propose that the wealthiest American should shoulder the most about health-care. (Bloomberg News)

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Takeover Talks For Opel

The German state minister says they should have a deal by the end of the month. (Bloomberg News)

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Pontiac Customers May Favor Ford Over GM

Ford is the next choice for the consumers interested for Pontiac models. (Bloomberg News)

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Calpers Sues Rating Agencies

Calpers sues rating agencies because of their inaccurate ratings. (Bloomberg News)

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Black Resigns As Janus CEO

Janus C.E.O. quits after three years in service. (Bloomberg News)

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UK Unemployment Rate Rises To 7.6%

U.K. jobless rate rise to 7.6%. Unemployment could rise as high as 3.2 million by the middle of 2010. (Bloomberg News)

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Cioffi To Face Insider Trading Charges

Former Bear Stearns hedge fund manager lose his bid to get an insider-trading charges dismiss. (Bloomberg News)

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Madoff Trustee Sues HSBC

Court officials sue H.S.B.C. as well as a hedge fund for Madoff fraud case. (Bloomberg News)

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Former Sinopec Chairman Sentence

Former Sinopec Chairman gets a suspended death sentence. (Bloomberg News)

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Goldman's Winning Risk

Goldman's second quarter results beat estimates. Morgan Stanley posts its third quarterly loss. (Bloomberg News)

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In-Depth Look - Geithner's Middle East Visit

Interview and discussion with Mario Maratheftis of the Standard Chartered Bank. He talks about Tim Geithner's trip around the Middle East to promote America. (Bloomberg News)

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Mobius Predicts Derivatives Will Cause New Crisis

Mark Mobius says a failure to effectively regulate derivatives means, quote, definitely, we are going to have another crisis coming down. (Bloomberg News)

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European Market Check

European stocks are up. Intel shares affect the market. (Bloomberg News)

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Intel Sees Fatter Margin

Intel shares recovers from it's almost 40% loss in February. Investors say they are optimistic because Intel is getting profitable. (Bloomberg News)

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Intel Jumps On Forecast

Intel's revenue outlook for the quarter tops analyst estimates. (Bloomberg News)

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China's Reserves Top

China's foreign exchange reserves top $2 trillion for first time. (Bloomberg News)

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Living with pythons - in a Lebanese two-room apartment

One apartment, two rooms and 13 snakes. Not everyone�s idea of a good time. But for one Lebanese couple the reptiles are family, including a 4m long python weighing 40 kilos.

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Mass marriages to save UAE identity

Mass weddings are at the front line in the fight to save national identity in the United Arab Emirates. Of a population of six and a half million, only 15 percent are nationals. The authorities are encouraging young Emirati couples to get married -- and stay that way -- with a little help from a financial grant and some counselling.

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Japanese smokers find a new haven

Japan has banned smoking from most public places but there is good news for nicotine addicts: Cafe Tobacco caters to smokers, who can indulge in their habit without guilt.

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Islamic summer camp for Gaza kids

Schools are out in the Gaza Strip and children are now heading to summer camp. Camps run by Hamas are a popular destination this year, and also a way for the Islamist group to strengthen its control of the tiny Palestinian territory.

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168 people killed in Iran plane crash

An Iranian airliner en route to neighbouring Armenia crashed into farmland northwest of Tehran on Wednesday, killing all 168 people on board in the worst air disaster in Iran in recent years.

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Paris rent-a-bike scheme success on second birthday

A bicycle-hiring scheme "Velib", inaugurated two years ago this week, has changed the way Parisians get around, and served as a model for other pedal-powered schemes across the world. But maintaining the network is a logistical challenge.

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Space shuttle Endeavour blasts off from Cape Canaveral

NASA's space shuttle Endeavour lifted off from the Kennedy Space Center on Wednesday, its sixth bid in recent weeks to launch toward the orbiting International Space Station.

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Gold medal sprinter Bolt looks for 'legend' status

Triple Olympic gold sprint medallist Usain Bolt says he's looking for gold at next month's World Athletics Championships, saying that victory would move him one step closer to "legend" status.

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Developing states seek 'new world order' at summit

More than 50 heads of state from the developing world met Wednesday in Egypt to tackle the fallout from the global economic meltdown, with calls for a "new world order" to prevent a repeat of the crisis. Raw images of the start of the summit.

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French employees threaten to blow up Nortel site

Striking French employees of struggling Canadian telecommunications firm Nortel have set up a dozen cannisters of natural gas at their work site, and several have suggested they may blow up the premises if their demands for compensation are not met. Nortel's French subsidiary has declared bankruptcy and is laying off most of its 683 workers. Images and soundbites of the protest.

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