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Friday, July 24, 2009

Evening News Online, 07.24.09

Friday: After accusing a police sergeant of acting stupidly, the president has a very public change of heart; the auto trade-in plan takes a wrong turn; and a family reunion, 31 years later.

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The Wildcard- On Broadway

Broadway dancers surprise pedestrian tourists in New York's Times Square; Also, a 5-legged puppy, a tennis obstacle course, and clowns at church, all in this week's installment of "The Wildcard."

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Forecast After Credit Crisis Is Over

Analysis and discussion with Lazard Deputy Chairman Gary Parr. He says there will be four to seven major financial institutions that will do corporate lending will be successful. (For The Record)

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Impact On Obama's Words

Report and analysis with Bloomberg Columnists Margaret Carlson and Kevin Hassett. They talk about the impact of Obama's words to the American community. (Political Capital)

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Speaker Pelosi On Health Care Bill

Analysis and discussion with Representative Mike Ross. He talks about his stand on Obama's health care bill and Speaker Pelosi's struggle to pass the legislation. (Political Capital)

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Obama's Urgency Meets Congressional Setback

Analysis and discussion with Senator Charles Grassley. He talks about how the committee struggles on Obama's health care bill. (Political Capital)

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A Family Of Winners

First profiled by CBS 31 years ago, Steve Hartman revisits a family in Prairie, Mississippi whose achievements are inspirational.

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Trading In Old Cars For Cash

A new government program, "Cash for Clunkers," allows old cars to be traded in for cash. Jeff Glor reports that although the idea is simple, it has proved to be confusing.

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Gates Arrest Still Scrutinized

Fear and anger too often define encounters between black men and police. Bill Whitaker reports on why the arrest of Harvard professor Henry Louis Gates has caused such outrage.

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Obama's Unprecedented Response

Katie Couric speaks with "Face The Nation" host Bob Schieffer about the national debate over Pres. Obama's comments regarding a controversial arrest.

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Music Genome Project

Analysis and discussion with Pandora.com Founder Tim Westergren. He talks about how he turns his obsession for music into one of the best known spots on the web. (Venture)

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'Ultimate American Success Story'

Nov. 26th, 1978: Charles Kuralt's original report on the Chandler family called their rise from humble beginnings the "ultimate American success story."

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McDonald's And Yum! Brands' Rating

West gives a buy rating on McDonald's Corporation and a hold on Yum! Brands. (Taking Stock)

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Ratings For Verizon And AT&T

Report and analysis with Philip Cusick of Macquarie Capital. He rates Neutral for Verizon and Outperform for AT&T. (Taking Stock)

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Dividend Strategies

Analysis and discussion with RBC Bank Chief Investment Officer Joseph Keating. He says to pay attention to dividends. (Taking Stock)

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US Stock Market Up

75% of companies have beat 2nd quarter forecasts. (Taking Stock)

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Notebook- Cronkite

Katie Couric comments on the N.Y. Times' attempt to pay tribute to media legend Walter Cronkite, but instead makes several mistakes in its article.

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Obama on Gates Controversy

President Obama describes his conversation with Sgt. Jim Crowley, the officer who arrested Harvard professor Henry Louis Gates.

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Market Close 7.24

S&P and Dow Each Rise Less Than 1%, Nasdaq Falls Less Than 1%; Microsoft and Amazon Miss Estimates, Shares Plunge; Schlumberger Beats on 2Q EPS Estimates, Profit However Falls (Bloomberg News)

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In-Depth Look - Bribes, Body Parts, & Cereal Boxes

Corruption Widespread in NJ - 44 People Arrested Including Rabbis and Three New Jersey Mayors; $97K Stuffed in Apple Jacks Cereal (Bloomberg News)

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In-Depth Look - Pricing in Perfect Recovery

An "I" Shaped Recovery - Bank of America Projects Best Case of 1% Return for CCCs (Bloomberg News)

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Stocks to Watch - Healthways, RadioShack

BB&T Raises Healthways to "Buy"; RadioShack Upgraded to "Outperform" at RBC Capital Markets and FBR Capital Markets (Bloomberg News)

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Obama Addresses Professor Gates Arrest

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

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Sector to Watch - Semiconductors

Chip Stocks Some of the Worst Performers Today, 3Q Sales However May Beat Wall Street Estimates (Bloomberg News)

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Earnings Update - Profits are Trouncing Estimates

Potential Record - 74% of S&P 500 Companies are Beating Estimates; S&P Has Rallied 10% Since Alcoa Reported; "Revenue Outlook" Less Worse?; "Policy Juice" Yet to Take Effect (Bloomberg News)

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Inside Look - How to Regulate Wall Street

Financial Reform Hearing - Interview with Rep. Tom Price (R) of Georgia (Bloomberg News)

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Inside Look - Reforming Financial Regulation

Roundtable Discussion with Adam Posen of Peterson Institute for International Economics and Charles Taylor of Pew Charitable Trusts (Bloomberg News)

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House Financial Services Hearing on Regulation Reform

Live! From Capitol Hill: Opening Remarks from Fed Chairman Ben Bernanke, FDIC Chairwoman Sheila Bair, and U.S. Currency Comptroller John Dugan (Bloomberg News)

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Does Mom Know Best?

Parenting magazine's Susan Kane debunked traditional mom advice like finishing everything on your plate and sitting up straight.

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Tourists Flock to Iran, Iraq?

Travel Expert Peter Greenberg explained to Harry Smith why more tourists are choosing to visit unusual vacation destinations.

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Fired Due to Porn Star Wife

A Fort Meyers Beach, Fla. town manager was fired due to the fact that his wife is an adult film star, Michelle Gielan reports. Harry Smith spoke with the Fla. couple about the incident.

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Cankle Surgery Tips

Cristina Reggie, a patient who chose surgery to slim her unshapely ankles tells her story and Dr. Michelle Copeland explains the truth about "cankles" to Maggie Rodriguez.

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In-Depth Look - The Housing Disconnect

Credit Suisse Ups KB Home But Still Sees Losses; Hovnanian Mothballs 9,799 Lots, Toll Shelves 33 Communities (Bloomberg News)

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The Currency Report - Australian Dollar

A Bullish Case for Aussie Dollar - 20% of Australia's Exports Go to China, Including Iron Ore, Coal, and Copper; Goldman Bullish on Australian Economy (Bloomberg News)

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International Perspective - UK Economy Shrinks

UK Economy Shrinks Twice as Much as Forecast - Analysis and Discussion with Nick Kounis of Fortis Bank (Bloomberg News)

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Cartoon Warren Buffett on Investment

No Joke - Buffett to Be Featured on Financial Education Cartoon, "The Secret Millionaires Club"; Featuring Footage! (Bloomberg News)

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Officer Not Backing Down

The officer that arrested Henry Louis Gates Jr. continues to blame Gates for the arrest amid growing controversy. Harry Smith spoke with Gates' daughter and Cambridge, Mass. Mayor Denise Simmons.

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Cash For Clunkers

Moneywatch.com's Jill Schlesinger explained the government's new Cash for Clunkers program where a low mileage vehicle can be traded for credit towards a new car.

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De Beers' Diminishing Diamond Demand

De Beers' sales are down. (Bloomberg News)

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Laura Evicted

Big Brother housemate Laura was evicted by a vote of 8 to 1. She talks to host Julie Chen about her time in the house.

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Dow Surges

For the first time since January, the Dow Jones average moved above 9,000 points, Jeff Glor reports. Trader Doreen Mogavero discussed the significance of the rally.

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Lance Steals Tour De France Spotlight

Armstrong announce a deal with a new sponsor. (Bloomberg News)

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In-Depth Look - Investing In Iraq

Interview and discussion with Zaab Sethna of the Northen Gulf Partners. He talks about the financial involvement of the Middle East in market economy. (Bloomberg News)

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In-Depth Look - California Budget Vote Looms

Interview and discussion with Bill Lockyer of California. He says there are more than two dozen bills on California budget. (Bloomberg News)

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In-Depth Look - International Revenues Maintained Momentum

Interview and discussion with Jeffrey Lindsay of the Sanford C. Bernstein & Co. He says Amazon has a little bit of pricing power, but not that much. (Bloomberg News)

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Market Open 7.24

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

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In-Depth Look - California Budget Vote

Interview and discussion with Chris McKenzie of the League of California Cities. He says he may file a lawsuit after California legislation passes. (Bloomberg News)

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In-Depth Look - How To Regulate Wall Street

Interview and discussion with Rep. Gregory Meeks of New York. He says we need to listen to all stakeholders before we make changes. (Bloomberg News)

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In-Depth Look - Minimum Wage Hike

Interview and discussion with Linda Barrington of The Conference Board. She discusses the $7.25 increase in minimum wage. (Bloomberg News)

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In-Depth Look - Incentives For Healthy Habits

Interview and discussion with William George of the Harvard Business School. He says that the question on health care is how are we going to pay for this? (Bloomberg News)

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In-Depth Look - Yahoo Discusses Proposal From Microsoft

Interview and discussion with Colin Gillis of the Briganine Advisors. He talks about the possible search partnership of Yahoo and Microsoft. (Bloomberg News)

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Schlumberger Earnings

Schlumberger profits plunge but meeting analysts' estimates on the bottom line. (Bloomberg News)

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Reviewing The Kindle

Investors look upon Kindle to save Amazon from losing sales. (Bloomberg News)

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In-Depth Look - Impact Of Market Rally On Currencies

Interview and discussion with the David Woo of the Barclays Capital. He says a lot of investors still have money on sidelines. (Bloomberg News)

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UK Boosts Response To Swine Flu

100,000 people with Swine Flu are recorded in England and Wales. (Bloomberg News)

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CIT Takes Another Step To Avoid Bankruptcy

C.I.T. sell its rail car business and aircraft units. (Bloomberg News)

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UK 2Q GDP Data

Nissa plans 50,000 more cars and hires 150 temps. (Bloomberg News)

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NFL Draft Moving To Prime Time

N.F.L. draft goes primetime in 2010. (Bloomberg News)

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A Perfect Night For Buehrle

Buehrle becomes the 18th player to throw a perfect game. (Bloomberg News)

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Buffett Becomes Cartoon

Warren Buffett character will host the Secret Millionaire's Club, an internet cartoon designed to teach children about finance. (Bloomberg News)

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Pfizer Heads To Court

Pfizer heads to court for its epilepsy drug. (Bloomberg News)

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Chubb Profit Increases

Chubb profit icreases for the first time in seven quarters. (Bloomberg News)

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Guaranty Financial To Face Collapse

Guaranty cannot raise capital and will likely be unable to continue. (Bloomberg News)

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German Confidence

I.F.O.'s Narb says German stimulus programs shows some effect. (Bloomberg News)

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Teenagers May Spend Less

Teenagers could be forced to cut their own spending. (Bloomberg News)

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Pay Rises For Minimum Wage Earners

Federal minimum wage goes up to $7.25 an hour. (Bloomberg News)

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Consumer Confidence Likely Fall

Rising unemployment and depressed wages drags down consumer confidence. (Bloomberg News)

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Suspect Accused In Organ-Buying Scheme

Another suspect was accused of conspiring to buy a kidney from a human organ broker. (Bloomberg News)

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Mayors, Rabbis Arrested In New Jersey

44 people are charged with public corruption and money-laundering. (Bloomberg News)

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Health Care Effort Stalls In Senate

President Obama's health-care legislation hits a roadblock. Some republicans ask for more time to come up with a bill. (Bloomberg News)

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JP Morgan Increases Salary For Investment Bankers

J.P.Morgan decides to pay its investment bankers higher salaries. (Bloomberg News)

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European Market Check

European stocks are in rise after its decline yesterday. (Bloomberg News)

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Asian Market Check

Asian market continues its longest gain since 2004. (Bloomberg News)

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Microsoft, Amazon Shares Slide

Microsoft and Amazon shares fall. (Bloomberg News)

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Caviar sorbet on the menu as ice cream grows up

Philippe Faur, a master ice-cream maker, has taken the humble ice-cream into whole new areas -- launching a range of savoury versions including caviar and foie gras flavours. Now the gourmet ices are finding their way on to the menus of some high-class restaurants -- just don't ask for a flake with your dinner.

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Swine flu spreads to almost every country of the world

Swine flu has now spread to nearly every corner of the globe, according to the World Health Organization, and the number of cases and death tolls are rising rapidly. Health officials admit that they still don't know how the A(H1N1) virus will mutate in the nothern hemisphere's winter. AFPTV takes a look at the situation in some of the worst hit countries.

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Stimulus cash at work in Baltimore

President Obama hopes that fixing the bumps in the road will be part of a larger economic recovery. A road crew in Baltimore, Maryland, is just glad to be back on the job.

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Obama says his race row remarks 'unfortunate'

President Barack Obama Friday telephoned a police officer and regretted his choice of words when talking about the arrest of a black Harvard scholar, which has fanned a race row here.

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Fires hit French island of Corsica

Wide swathes of southern Europe are struggling to contain summer fires stoked by high temperatures and high winds. Firefighters are battling flames on the French island of Corsica, where two villages near the southern city of Ajaccio were evacuated on Thursday.

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Style- VOWS- State of the Unions

Tiffany and Calvin Otis Butts IV appeared in the VOWS column in 2004. Now with two small children they have a new appreciation for the support of their families and strong Harlem community.

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Politics- An Interview with Arnold Schwarzenegger

Gov. Arnold Schwarzenegger discusses the California budget and his political future with John Harwood of the New York Times and CNBC.

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The Minimalist- Mock Lattice Pie

Mark Bittman describes the origins of "Guntar's Delight" -- a mock lattice pie -- in a completely untrue dessert fable.

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Art reinterprets the fall of the Berlin Wall

It was one of the major events of the 20th century. The fall of the Berlin Wall. On its 20th anniversary, three artists have joined hands to put together an exhibition called "Mauerstucke" or "pieces of the wall". The venue - a gallery located on Bernauer Strasse - a former crossing point between East and West Berlin. A look at three different visions of history.

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Britain grapples to contain swine flu epidemic

In Britain, about 100,000 new cases of swine flu have been reported in the last week alone and at least 30 people have died in total. As sufferers are being advised to self-diagnose via a new website, economists are already gauging the toll the virus may take on a country already in the grip of recession.

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Turkey shows gay referee the red card

A Turkish football referee has been banned from the field after having made a public coming-out as a homosexual. Since then, he's gone into exile, living in anonymity in Istanbul.

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Cats provide the perfect answer to combat stress -- by the hour

A new cafe concept is taking hold in Japan. Paying by the hour, stressed-out workers get a chance to play with friendly cats in a bid to unwind from the toils of everyday life in the big city.

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