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Friday, July 31, 2009

Evening News Online, 07.31.09

Friday: Despite the slowing economic decline, the unemployment rate is expected to rise; Around 200,000 cars have been sold as part of the "Cash for Clunkers" program; Also, Polls show health care reform approval ratings.

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Coming Soon- The Tomorrow Show

Tired of living in the present? Join Mo Rocca on a journey to the future, with a quick stop to the studio of MC Hammer. The Tomorrow Show launches August 17 on CBSNews.com.

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Challenges To Rebuild The Firm

Analysis and discussion with CEO of Putnam Investments. He says they need to continue to be innovative to see a continuation of the performance record which is the goal of their firm. (For The Record)

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Talks Between U.S. And China

U.S. and China meet for high level talks in Washington. (Political Capital)

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Health Care Debate

Analysis and discussion with Speaker of the House Nancy Pelosi. She says they will merge those bills over on August and work with them sometime probably in September. (Political Capital)

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Afghan Presidential Elections

Soldiers in Task Force Yukon's pre-election surge attempt to stop insurgent activity and encourage participation in the upcoming presidential elections in Afghanistan. Mandy Clark reports.

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Land of Unlocked Doors

The town of Lakeside, Ohio on Lake Erie is a throwback to the days when people left their front doors unlocked. Steve Hartman shares his personal sentiments of this small town.

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Senators Sweetheart Scandal

Countrywide's strategy to regulate the mortgage industry included favoring influential people by offering sweetheart loans. That included senators Kent Conrad and Chris Dodd. Sharyl Attkisson reports.

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Cash for Clunkers- A Success?

An estimated 200,000 plus cars have been sold as part of the "Cash for Clunkers" program. But, as Jeff Glor reports, dealers aren't so sure their business is benefiting.

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Economy Bouncing Back?

New figures show the economic decline has slowed and some economists and financiers are forecasting a robust recovery. But, as Anthony Mason reports, the unemployment rate is still expected to rise.

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Health Reform Support Wanes

According to a new poll, only 46 percent of the American public approves of the way President Barack Obama is handling health care reform. Katie Couric talks to John Dickerson about what went wrong.

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Christmas in July

Jim Axelrod reports on the latest in the Northeast's wild summer weather including a state of emergency in New York's Catskill Mountains and the 11th shut down at Rye Playland north of Manhattan.

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The Power Of The Green Fairy

Once banned in the U.S. and France, a victim of smear campaign, prohibition and reputation, a lawyer decides to launch the legal bottle to get the century old ban on importing absinthe lifted. (Venture)

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Beer Blast At The White House

President Obama says this gives them the opportunity to listen to each other. (Taking Stock)

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Cyber Security In The Military

Cyber hackers after the information fast, they want to disrupt information networks, they want to deny service to internet systems for money. (Taking Stock)

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The Price Of Natural Gas

Analysis and discussion with Nicholas Pope of Dahlman Rose. He says down time and mechanical issues affect the production and the gas prices. (Taking Stock)

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Long-Term Investment

Analysis and discussion with Charles Biederman of Advisors Capital Management. He says it gives him the perspective on what goes on, don't panic and try to figure out what lies ahead. (Taking Stock)

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U.S. Stock Market Recovers

Financial, industrial and telecom lead the way higher in S&P 500 and Dow Jones has the best monthly gain since October 2002. (Taking Stock)

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Notebook- Cabinet Retreat

President Obama assembled members of his Cabinet for a two-day retreat at Blair House to discuss what goals need to be accomplished. Katie Couric comments on Mr. Obama's health care reform plans.

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Look Ahead- Week of Aug. 3, 2009

This week: The House is in recess, the Senate and Pres. Obama continue to tackle health care and the Senate votes on the confirmation of Supreme Court nominee Sonia Sotomayor.

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Another Look - More Cash for Clunkers

Interview with of River Oaks Chrysler Vice President Alan Helfman (Bloomberg News)

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In-Depth Look - The Androids are Coming

First Look at the T-Mobile myTouch (Bloomberg News)

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In-Depth Look - Risk of Bubble in China Increasing

China May Cut New Loan Growth by 50% - Analysis and Discusison with David Riedel of Riedel Research Group (Bloomberg News)

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Economic Expectations - A Recovery Soon Ahead?

Analysis and Discussion with Chris Rupkey of Bank of Tokyo-Mitsubishi (Bloomberg News)

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Market Close 7.31

S&P Remains Virtually Flat, Dow Rises Less Than 1%, and Nasdaq Falls Less Than 1% (Bloomberg News)

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Sector to Watch - Solar Energy

First Solar and Evergreen Solar Fall as Prices Squeeze Margins; First Solar Plans to Offer Rebates in Germany to Increase Sales (Bloomberg News)

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Energy Outlook - Investment in Renewable Will Gradually Rise

Interview with Federal Energy Regulatory Commission Chairman John Wellinghoff (Bloomberg News)

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Inside Look - Saving "Cash for Clunkers"

Voting in the House - Interview with Rep. Sander Levin (D) of Michigan (Bloomberg News)

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Special Report - Executive Compensation Rebounds

Wall Streeters Back to Their Old Ways, Luxury Businesses Flourish in Reaction (Bloomberg News)

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Inside Look - Why Deficits Matter

Analysis and Discussion with UC Berkley Economics & Law Professor Alan Auerbauch (Bloomberg News)

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Afternoon Business News Briefs

Pemex May Not Meet Lower Forecast, Will Seek $10 Billion in Bank Loans; Low Prices for Laptops; Australian Meat Traders Hopping to China (Bloomberg News)

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Commodities Check - Coffee Prices May Rise

Coffee - Sell in May & Go Away (Bloomberg News)

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Friday Morning Hangover

Wine Cheaper in New Zealand and Australia (Bloomberg News)

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Obama Speaks on "Cash-to-Clunkers" Program

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

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Special Report - Dancing in the Lap of Recession

Rick's Cabaret Shares Up Over 90% YTD (Bloomberg News)

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Casey Out with a Bang

Casey Turner, the oldest member of the Big Brother house, was evicted but before leaving he confronted his housemates.

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Battle of the Garden Bugs

Garden expert William Moss explains to Maggie Rodriguez the alternatives to toxic pesticides for killing destructive bugs in the garden.

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Battle of the Garden Bugs

Garden expert William Moss explains to Maggie Rodriguez the alternatives to toxic pesticides for killing destructive bugs in the garden.

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Sector Focus - Automakers

Automakers Report July Sales Monday; "Cash for Clunkers" Still Running (Bloomberg News)

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Denim for Men

GQ magazine Adam Rapoport showed Jeff Glor modern denim styles for men of every age.

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Java Around the World

Self magazine's Lucy Danziger showed Maggie Rodriguez rare coffee beans that may have health benefits.

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More Perspective - Opposing the Healthcare Plan

A Wall Street Perspective - Analysis and Discussion with Chip Hanlon of Delta Global Advisors (Bloomberg News)

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Beer Benefits

Dr. Jennifer Ashton spoke to Jeff Glor about the possible health benefits of beer.

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Today in Washington - Dodd Cancer Diagnosis, Healthcare Bill

Sen. Chris Dodd Diagnosed with Prostate Cancer; House Panel Agreement Restores $550 Billion to Cut Subsidies, Opens Way for Measure to Clear House Panel (Bloomberg News)

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Inside Look - SEC Probes High-Frequency Trading

Interview with TABB Group Founder/CEO Larry Tabb (Bloomberg News)

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Commodities Check - Corn Dillemma

Corn is a Dog, Down 20% YTD (Bloomberg News)

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'Big Brother' Evicts Casey

Casey, the banana suit wearing house guest, talks to Julie Chen about his eviction from the "Big Brother" house.

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Earnings Watch - Chevron

Analysis and Discussion with Brian Youngberg of Edward Jones (Bloomberg News)

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Lots of Home for Little Money

Home buyers are getting more home for their money and the housing market is starting to heat up as sales rise. Bianca Solorzano reports.

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Huge Home Deals

Financial contributor Vera Gibbons spoke with Jeff Glor about how to land a great deal on a discounted new home.

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Michael's Last Moments

Michael Jackson's personal chef Kai Chase spoke with Maggie Rodriguez about what went on in Jackson's home at the moment of his death and the drug addiction rumors.

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Interview with NY Mets Hall of Famer Tom Seaver

Seaver Hosts BofA's Military Family Movie Night; Also Talks Baseball and Winemaking (Bloomberg News)

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Schools Brace for H1N1

With over a million H1N1 cases and more than 300 deaths in the U.S., schools are taking precautions before opening. Dr. Jennifer Ashton reports.

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Inside Look - UBS Tax Agreement

U.S. and Switzerland Reach Accord on UBS Tax Dispute - Featuring Interview with Claude Baumann, Author of "Swiss Banking: Past & Future" (Bloomberg News)

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White House Happy Hour

The meeting between Henry Louis Gates Jr. and Sgt. James Crowley at the White House was cordial but ultimately Gates and Crowley agreed to disagree. Chip Reid reports.

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Cash for Clunkers Crashing?

The Cash for Clunkers government program has given away nearly one billion dollars in its first week. Nancy Cordes reports.

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Dancing In The Lap Of Recession

Rick's Cabaret profit tripled since March low. (Bloomberg News)

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In-Depth Look - Policy Priorities In Test

Interview and discussion with Tom Gallagher of the ISI Group Head of Policy Research. He says Obama lost support gained only after the election. (Bloomberg News)

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In-Depth Look - US Economy Shrink 1% in 2nd Quarter

Interview and discussion with Christine Romer of the Council of Economics Advisers. She says the economy would have been much worse without steps taken. (Bloomberg News)

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Market Open 7.31

Suzanne O'Holloran is live in the New York Stock Exchange. Stocks are set to kick off lower. (Bloomberg News)

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Inside Look - AutoNation Earnings

Interview and discussion with Mike Jackson of the AutoNation Inc. He says restructuring of Chrysler and General Motors is pivotal for auto industry. (Bloomberg News)

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In-Depth Look - 2Q GDP Report

Interview and discussion with Jim Paulsen of the Wells Capital Management. He says trade net exports may be biggest contributor to GDP growth. (Bloomberg News)

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Pemex Lowers Production Forecast

Pemex needs to raise their production to reach 2009 objective. (Bloomberg News)

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In-Depth Look - Capitalizing On The Dollar

Interview and discussion with Keith McCullough of the Research Edge. He says we will not find a sustainable level until Fed Chairman Ben Bernanke raises interest rates. (Bloomberg News)

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Taiwan President On Improving Relations

Taiwan President Ma campaigned on improving relations with China. (Bloomberg News)

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In-Depth Look - Signs Of Economic Stabilization

Interview and discussion with John Silva of the Wells Fargo Securities. He says the Fed needs to gradually exit for long-run balance of U.S. economy. (Bloomberg News)

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Yanks Win Court Battle Over Stadium Tax Breaks

The Yankees win their court battle over stadium tax. (Bloomberg News)

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MGM Overhauling Macau Operation

M.G.M. Mirage overhaul operations in Macau. (Bloomberg News)

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Outrageous Or Well-Deserved?

Interview and discussion with Jeanne Branthover of the Boyden Global Executive Search. She talks about Wall Street employees bonuses. (Bloomberg News)

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Is The Recession Easing?

U.S. economy probably shrink at slower pace in second quarter. (Bloomberg News)

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Bernanke Portfolio Takes A Hit

Federal Reserve Chairman Ben Bernanke's assets falls during the year. (Bloomberg News)

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Southwest Bids $113.6M For Frontier

Southwest offers to buy Frontier Airlines for almost 114 million dollars. (Bloomberg News)

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British Airways Earnings

British Airways reports loss on air travel slump. (Bloomberg News)

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JetBlue CEO On Oil Speculators

JetBlue C.E.O. Dave Barger gives hist thoughts about oil restrictions in airline companies. (Bloomberg News)

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JetBlue CEO On Oil Speculators

JetBlue C.E.O. Dave Barger gives his thoughts about oil restrictions in airline companies. (Bloomberg News)

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Deadline Day For CIT Noteholders

It is the deadline that was set for investors to accept a sweet offer from C.I.T. (Bloomberg News)

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Wilbur Ross On CIT

Investor Wilbur Ross weigh in on what assets of C.I.T. are most attractive. (Bloomberg News)

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The White House Beer Summit

President Obama host the two people at the center of what has turn into a national debate. (Bloomberg News)

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Crescendo For Earnings

S&P 500 nears nine month high. (Bloomberg News)

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What Will It Tell Us? - US GDP

Inventory rebuilding in second quarter will add to GDP after record cuts subtracted from first quarter. (Bloomberg News)

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Obama Agenda Falters, S&P Surges?

A Capitol Hill person says that slowing Obama agenda could be the cause of stocks surge. (Bloomberg News)

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Glaxo May Make $2.5B On Swine Flu

Glaxo stands to make 2.5 billion dollars from Swine Flu. (Bloomberg News)

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Nintendo & Sony Face Pressure On Prices

Nintendo says retail plunge for the first time. (Bloomberg News)

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JPMorgan Appoints Frank Gong

J.P Morgan name Frank Gong as Chairman of China investment. (Bloomberg News)

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Low Prices For Laptops

Retailers slash p.c. prices for back-to-school season. (Bloomberg News)

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AutoNation - Earnings Preview

Analysts look for 24 cents a share from autonation. The revenue expects to be about 2.8 billion dollars. (Bloomberg News)

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July Auto Sales Reach New Heights

General Motors and Chrysler still expects to post loss for the year. (Bloomberg News)

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Cash For Clunkers Out Of Cash

Government's cash for clunkers program is almost out of money. (Bloomberg News)

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Record Bonuses At Bailed-Out Banks

Wall Street firms set aside close to $20 billion for compensation benefits. (Bloomberg News)

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Executive Bonuses Put To House Vote

House members expect to pass the measure to ban pay practices that encourage inappropriate risk. (Bloomberg News)

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Opposing House Health Care Plan

200 companies and business groups say they are against the health-care proposal. (Bloomberg News)

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Congress Adjourn As Health Care Battle Continues

The house plans to adjourn as a key committee wraps up its version of the bill. (Bloomberg News)

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Business- Obama on the Economy

President Obama announces the status of the nation's gross domestic product since he took office, attributing progress to the economic Recovery Act.

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Politics- Cash for Clunkers

What happens behind the scenes to your clunker.

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N.y./region- Dodd Has Early Stage Prostate Cancer

Senator Christopher J. Dodd, the 65-year-old five-term Connecticut Democrat, said on Friday that the cancer was discovered six weeks ago and that he have surgery during the Senate recess in August. (Video: MSNBC)

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Politics- MSNBC- The New York Times Edition

John Harwood of The New York Times and CNBC discusses Senator Christopher J. Dodd's cancer diagnosis, the Blue Dog approach to health care reform and the latest in the "cash for clunkers" program.

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The Minimalist- Fried Squid

Fear Not! Mark Bittman demonstrates how to fry squid at home without getting burned.

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Egypt's landmark nature preserve under threat

The region of Fayoum to the east of Cairo is becoming a favourite spot for vacationers, who enjoy water sports. Numerous building projects are going up to cater to their needs on the banks of Lake Qarun. But the resorts threaten birds, who for years have used the wetlands as a nesting ground.

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Drugs on a downer as narcotics smugglers use submarines

Drug smugglers have always been very creative in finding new ways to slip illegal narcotics past customs. In Colombia, they're now plumbing the depths of the ocean, smuggling cocaine out of the country by submarine.

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When America and Jordan youth meet

Chicago in the United States and Amman in Jordan have been twin cities for five years. For the third year in a row, a group of high school students from Illinois have gone to summer camp in the Jordanian capital and mixed with the local youth.

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Space shuttle Endeavour lands safely after 16-day mission

The shuttle Endeavour descended safely to Earth on Friday, ending a successful 16-day assembly mission to the international space station with the final piece of Japan's Kibo science laboratory. The seven US, Canadian and Japanese astronauts aboard Endeavour touched down at NASA's Kennedy Space Center in Florida at 10:48 am EDT.

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Moroccans pay homage to Mohammed VI on 10-year anniversary

Morocco is celebrating the 10th anniversary of the accession to the throne of King Mohammed VI. Dignitaries from all over the kingdom came to renew their allegiance to the king in an official ceremony that dates back to 1660. Images.

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French film maker Goupil tackles illegal immigration in new movi

Award-winning French film director Romain Goupil, known for his political commitment, is tackling a hot potato in his latest film that he's shooting in and around Paris: illegal immigration. The cast includes an 11-year old Chechen immigrant playing the character of Milana, an illegal alien. The film is called "Je m'appelle tous Milana" (We're all called Milana) and will be released in 2010.

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Virgin White Tea -- a brew fit for an emperor

A Sri Lankan tea maker has revived a centuries-old Chinese tradition to make a brew fit for the tastes and pockets of an emperor. Virgin White Tea is priced at a hefty 1500 US dollars a kilo.

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