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Thursday, August 13, 2009

Evening News Online, 08.13.09

Thursday: More town hall riots ensue as conservatives voice their opposition to health care reform; Also, inside the ensuing battles between U.S. forces and the Taliban in Afghanistan.

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Alibaba Beats Estimates

Aliaba's profit on second quarter beats estimates on gain in customers and it adds one million users in each year of the past three quarters. (Asia Confidential)

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Alibaba Beats Estimates

Aliaba's profit on second quarter beats estimates on gain in customers and it adds one million users in each year of the past three quarters. (Asia Confidential)

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Leighton Holdings Drops By 28%

Analysis and discussion with the CEO of Leighton Holdings Wallace King. He says the last 18 months is a bump for demand and he sees recovery in mining demand. (Asia Confidential)

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A New Mission

Sgt. Jerrod Fields lost his left leg in Iraq and is now training for the 2012 Paralympic Games. (Produced by: Stephen Farrell)

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U.S. Inflation Expectations Increase

Investors who bet on inflation usually can buy gold or they can put money into chips but JP Morgan says gold is the better bet. (The Bloomberg Edge)

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Raw Sugar Jumps Almost 90% This Year

Sugar's near two-decade high is the best performing commodity over the past year. (The Bloomberg Edge)

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China's Second Weekly Loss

China's stock market is poised for a second weekly loss in a row which it has not done in six months. (The Bloomberg Edge)

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UrbanEye- Sweaty Summer Concerts

Melena Ryzik reports from a Pretenders concert at Central Park Summerstage.

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Music Legend Les Paul Dies

The inventor of the modern electric guitar, Les Paul, has died of complications from pneumonia at the age of 94. Jim Axelrod reports on his life and his revolutionary invention.

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End-of-Life Debate

The end-of-life the issue has become so hot, the president felt compelled to assure Americans this week that no one was going to, as he put it, "pull the plug on grandma." Kelly Cobiella reports on the much-debated issue.

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L.A.'s Free Medical Care

Roughly 1,500 people with little or no health insurance are lining up daily to receive free medical care from professionals and volunteers at the L.A. Forum. Bill Whitaker reports.

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The Secure Flight Program

Airline passengers for the first time will be asked to provide their birthday and gender when booking tickets. Bob Orr reports on the new Secure Flight program.

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Healthcare Reform Defense

As President Obama continues to defend healthcare reform, White House officials respond with an email campaign for supporters. Sharyl Attkisson reports.

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Caught in a Mortgage Squeeze

More and more Americans are caught in a mortgage squeeze where their monthly payment goes up, but the value of their home goes down. Ben Tracy reports.

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Healthcare Reform Defense

As President Obama continues to defend healthcare reform, White House officials respond with an email campaign for supporters. Sharyl Attkisson reports.

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U.S. Stock Rally Sustainable

LGT Capital says U.S. stock rally has considerable room to grow. (The Bloomberg Edge)

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China Merchants Bank Rights Offer

China Merchants Bank to raise up to $2.63 billion in Shanghai and Hong Kong rights offer. (The Trade)

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Vick on Dog Fighting

Former NFL star Michael Vick talks with CBS Sports' James Brown about dog fighting and the future of his career. Watch a preview of the upcoming "60 Minutes" report.

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Asia-Pac Misery Rates

According to the index, Thailand has the only negative misery rate and the most miserable people in Asia are the Indians. (The Trade)

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Cheung Kong Net Rises On Hutchison

Li Ka-shing says Cheung Kong may raise home prices if sales improve. (The Trade)

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Harvard Fund's Largest New Position

Harvard management oversees $26 billion dollar which happens to be the world's biggest endowment. (The Trade)

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Japan's Economy Grows

Government spending by Japan and its biggest trade partners may drag out the country to its worst postwar recession. (The Trade)

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PIMCO's Strategy

Pimco says buy banks, utilities and energy debts. (The Trade)

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Las Vegas Sands Amends Macao Loan

The amendment significantly increases the financial flexibility and permits them to pursue a potential listing. (The Trade)

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More People Are Out Of Work

The unemployment rate falls but the number of people with jobs continues to fall. (The Trade)

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Japanese Commodity Stocks

Commodity stocks gain, oil prices are up for the third day and Mitsubishi is up over 3.1%. (The Trade)

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Notebook- End of Life

Benjamin Franklin famously wrote that "nothing is certain except death and taxes." Katie Couric takes a look at how proposed healthcare reform is treating life's certainties.

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Town-Hall's Turning Tide

KYW's Jamie Smith reports on how pro-health care advocates overpowered protesters at Rep. Joe Sestak's town-hall event.

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Life as a Runway

On a recent weekend, Surf Lodge, a boutique motel on Fort Pond, drew a mix of pro surfers, haute Bohemians and summer Hamptonites chasing the scene.

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Last Word- Les Paul

Les Paul was a virtuoso guitarist and inventor whose solid-body electric guitar changed the course of 20th-century music.

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Sector Focus - Gaming

Analysis and Discussion with Joel Simkins of Macquarie Capital (Taking Stock)

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Unplugged- Medal Of Freedom

Kimberly Dozier spoke with Former Irish President Mary Robinson, recipient of the Medal of Freedom, which has caused controversy. Washington Post's Charles Lane weighs in.

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Sector Focus - Shipping

Analysis and Discussion with Natasha Boyden of Cantor Fitzgerald (Taking Stock)

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Chicago One of Four Finalists for 2016 Summer Games

Obama May Make Speech on Behalf of Chicago; Further Analysis and Discussion with Harvey Newman, Professor of Urban Policy at Georgia State University (Bloomberg News)

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Penn Beats Harvard on Investing

Penn Returns Down 16% in Fiscal 2008 Compared to Harvard's 30% (Bloomberg News)

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Emerging Market Spotlight - Brazil

Analysis and Discussion with Douglas Smith of Standard Chartered Bank (Bloomberg News)

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Investment Strategies - Commodities Trades

Analysis and Discussion with James Cordier of Optionsellers.com (Bloomberg News)

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Market Close 8.13

All Three Major Indexes Each Rise Less Than 1%; Wal-Mart Earnings Beat Estimates, Shares Rise 2.7%; KBW Bank Index Rises Over 3%; Paulson Investment News Sends Bank of America Shares Higher by 6.7% (Bloomberg News)

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Spotlight - Ford Motor Co.

Ford Boosting Second Half Output - Interview with Sales Analyst George Pipas (Bloomberg News)

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Chart of the Day - LIBOR-OIS Back to Near Normal

From 364 BPs to 26 BPs, August 2006-Present - Insight with Editor-at-Large Tom Keene; Did Bernanke Narrow Spreads? (Bloomberg News)

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Sector to Watch - Homebuilders

Housing Stocks Oversold - D.R. Horton Cut to "Sell" at Citigroup; KB Home Cut to "Underperform" at Raymond James (Bloomberg News)

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Energy Outlook- Natural Gas Vital to National Security

Analysis and Discussion with Fadel Gheit of Oppenheimer & Co. (Bloomberg News)

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Inside Look - Retail Sales Recap

Retail Rethink - Consumer Spending Falls Short; Further Analysis and Discussion with Marshal Cohen of NPD Group (Bloomberg News)

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Spotlight - Penn West Energy Trust

Interview with President/COO Murray Nunns (Bloomberg News)

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In-Depth Look - Making Money in the Cloud

IBM Seeks Stimulus Money Through Cloud Computing; "Cloud" Spending to Top $40 Billion 2012 (Bloomberg News)

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In-Depth Look - Auction Results 8.13

$15 Billion 30-Year Bond Auction - Analysis and Discussion with Carl Lantz of Credit Suisse (Bloomberg News)

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Sector Focus - Airlines

Competition for the Skies - Analysis and Discussion with Helane Becker of Jesup & Lamont Securities (Bloomberg News)

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In-Depth Look - Honest Balance Sheets

Well Capitalized vs. Woefully Capitalized - 50% of Banks Say Fair Value Very Near Book Value; Bank of America Says Loan Values Down by $64.4 Billion (Bloomberg News)

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Government Grant Scams

Some companies are using the promise of government stimulus money to scam Americans out of money. Susan Koeppen reports.

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Billie Jean King Honored

Tennis legend Billie Jean King was one of several citizens awarded the Presidential Medal of Freedom from President Obama. John Blackstone reports.

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Inside Look - Full Speed Ahead at General Motors (Part 2)

Excerpt of Interview with GM CEO Fritz Henderson; Continued Exclusive Interview with Jerome York, Advisor to Kirk Kerkorian (Bloomberg News)

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Cheney's 'Tell-All' Book

Former Vice President Dick Cheney to uncover dustups between himself and George Bush in a new tell-all book, Mike Allen from Politico tells Harry Smith.

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Raising a Drug-Free Child

Harry Smith spoke with Joseph A. Califano, Jr. about tips for speaking to your kids about drugs and when they are most vulnerable to experimenting with drugs.

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Exploding iPhones in France

A French teenager claims he got a glass splinter in his eye after his girlfriend's iPhone began hissing then exploded. At least a dozen cases were reported.

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Dara Torres- Fit After 40

Dr. Jon LaPook and Olympic medalist Dara Torres discuss the best ways to stay in shape after the age of 40.

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Inside Look - Full Speed Ahead at General Motors (Part 1)

GM on the Right Track? - Exclusive Interview with Jerome York, Advisor to Kirk Kerkorian (Bloomberg News)

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Faux Granite Counter Tops

Today's Homeowner host Danny Lipford showed Harry Smith how to cheaply and easily convert a regular counter top into faux granite.

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Recession Worst May Be Over

Many economists say the recession's worst is over, reports Priya David. Michael Santoli from Barron's magazine explains more in detail to Dave Price.

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Soccer - The Money Game

Interview with ESPN International Executive VP Russell Wolff (Bloomberg News)

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The Currency Report - Commodity Currencies

Norwegian Krona, New Zealand Dollar, Australian Dollar, and Brazilian Real All Marching Higher (Bloomberg News)

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Russian Ship Goes Missing

A Russian cargo ship disappeared in the Arctic Sea a month ago. The Russian Navy is searching for the ship that many believe may have been hijacked, Sheila MacVicar reports.

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Sector to Watch - Consumer Discretionary

Kohl's 2Q Profit Falls 3%, EPS Falls in Line with Estimates; Urban Outfitters 2Q EPS Beats Estimates, Revenue Grows; Dr. Pepper Snapple 2Q Profit Beats Estimates, Raises Full Year Forecast (Bloomberg News)

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Mom in Coma with H1N1 Dies

Katie Flyte had the H1N1 virus during her pregnancy resulting in a coma, premature birth of her child and finally her death. Harry Smith spoke to her husband Kenny about the tragic death of his wife.

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Healthcare Fact and Fiction

Healthcare reform town hall meetings continue to get rowdy, Bill Plante reports. The New Republic's Jonathan Cohn answered frequently asked questions about Obama's plan.

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NCAA Coach Sex Scandal

University of Louisville head coach Rick Patino is under scrutiny after a 2003 sex scandal and alleged paid abortion have surfaced. Terrell Brown reports.

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Market Open 8.13

Suzanne O'Halloran is live in the New York Stocks Exchange with the latest in the market. (Bloomberg News)

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More Workers Worry About Keeping Their Job, Benefits

American workers are considerably more worried now about being laid off, having their wages and benefits reduced, and having their hours cut than they were at the same time last year.

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In-Depth Look - Bull In China Shop

Interview and discussion with Jeff Papp of the Oberweis Asset Management. He discusses if there is upside in Chinese stocks. (Bloomberg News)

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In-Depth Look - Other People's Money

Interview and discussion with Gary Parr of the Lazard Deputy Chairman. He shares his outlook regarding about the compensation package in Wall Street and he says it is too early to know where compensation adjustments will go. (Bloomberg News)

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AIG Executives Settle

A.I.G. executives pays up $16 million to settle a lawsuit. (Bloomberg News)

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The Ultimate Reality Show?

Brazilian police uncovers their ultimate reality show. They are accused of ordering murders to boost ratings. (Bloomberg News)

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In-Depth Look - Europe's Expansion

Interview and discussion with Prof. David Blanchflower of the Dartmouth College. He gives his outlook regarding the signs of improvement in European countries. (Bloomberg News)

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In-Depth Look - Limiting Wall Street Pay

Interview and discussion with Brain Foley of the Brian Foley & Co. He talks about President Obama's pay czar plans for Wall Street companies' compensation. (Bloomberg News)

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In-Depth Look - Wal-Mart Earnings

Interview and discussion with Craig Johnson of the Customer Growth Partners. He talks about Wal-Mart's earnings of 88 cents per share. (Bloomberg News)

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Penn Return Beats Harvard

Penn's endowment falls 16&; Harvard drops 30%. (Bloomberg News)

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Bergman Estate For Sale

Bergman's estate is up for sale on the Baltic Island. (Bloomberg News)

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Krugman Bets On NY Real Estate

Krugman buys an apartment on the west side of Manhattan. (Bloomberg News)

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Book Tells Of Madoff Affair

Weinstein writes a book containing Madoff's another accusation. (Bloomberg News)

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Oil May Drop Below $10 - Prechter

Robert Prechter sees oil to drop $10 a barrel. (Bloomberg News)

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The Market For Unmanned Aircraft

Air force announces to train more pilots for unmanned aircraft than fighter pilots this year. (Bloomberg News)

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Liberty Mutual Back In Financial Stocks

Liberty mutual rebuild its stake in Bank of America and Wells Fargo. (Bloomberg News)

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Hedge Fund Rally Continues In July

Hedge funds extend its rally in July. (Bloomberg News)

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Porsche, Volkswagen Move Closer To Merger

Porsche and Volkswagen hammer out a road map on how they can be combined. (Bloomberg News)

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Economy's Impact On Gambling

State sanctioned gambling income goes to education and highway repair. (Bloomberg News)

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Mexico Beats US 2-1

Team Mexico beats U.S. team by two goals to one. U.S. takes the early lead before giving up two goals. (Bloomberg News)

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Mets Cut Ticket Prices

New York Mets cuts their ticket prices for as much as half. (Bloomberg News)

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PGA Gets Underway

Tiger Woods and Harrington appears together for the first two rounds of the PGA. (Bloomberg News)

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In-Depth Look - Fed's Newest Moves

Interview and discussion with Charles Diebel of the Nomura International. He gives his outlook regarding yesterday's Fed meeting and how it may affect the economy. (Bloomberg News)

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Sugar Shortage Possible - WSJ

U.S. could run out of sugar. Kraft Foods, General Mills and Hershey warns consumer price may increase and layoffs is sugar shortage continues. (Bloomberg News)

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Strong Auto Sales Drives Retail Up

Consumer spending rise last month. Analysts estimate purchases rise 0.8%. (Bloomberg News)

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French-German Rebound

French and German economy both expands by 0.3% in the second quarter this year. (Bloomberg News)

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Pay Rules May Set Wall Street Template

Government's executive pay may end up setting a template for Wall Street compensation. (Bloomberg News)

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Paulson Buys Banks

John Paulson makes a bet on banks. Paulson buys 168 million shares of Bank of America. (Bloomberg News)

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US Foreclosure

Foreclosure in U.S. sets another record high. (Bloomberg News)

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Fed Signals No Exit From Stimulus

The Fed open market committee extends the $300 billion program to buy treasuries. (Bloomberg News)

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Asian Market Check

MSCI Asia Pacific stages its biggest gain. Asian stocks rise 1.5%. (Bloomberg News)

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European Market Check

European second quarter economy contracts 4.6% versus previous year. (Bloomberg news)

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Steaming up the kitchen in Singapore

A Singapore chef-bartender duo has taken deconstructed gastronomy to a new level by dipping food and cocktails into liquid nitrogen. The result is a whole new dining experience focused on smoking dishes and drinks. Duration: 01:43

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Style- Life as a Runway

On a recent weekend, Surf Lodge, a boutique motel on Fort Pond, drew a mix of pro surfers, haute Bohemians and summer Hamptonites chasing the scene.

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Last Word- Last Word- Les Paul

Les Paul was a virtuoso guitarist and inventor whose solid-body electric guitar changed the course of 20th-century music.

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Is 12 too young for a professional makeover?

Image consultants say they are increasingly catering to teenage clientele seeking professional advice on fashion, hair and make-up regimes that stylists say lead to personal and professional success.

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'Happy news' is on the air

If you think the news on television is too depressing, an American middle school student may have a solution. A boy from Florida has turned television anchor, establishing an online news program with a difference.

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City Room- UrbanEye- Sweaty Summer Concerts

Melena Ryzik reports from a Pretenders concert at Central Park Summerstage.

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Sports- A New Mission

Sgt. Jerrod Fields lost his left leg in Iraq and is now training for the 2012 Paralympic Games.(Produced by: Stephen Farrell)

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Mass grave yields silent testimony to Australia's bloodiest day

A team of 30 archaeologists and forensic scientists are carefully exhuming the remains of about 300 British and Australian soldiers killed at the Battle of Fromelles in northern France during the Great War. It's the first World War I mass grave to be found for over 80 years.

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French economy in surprise rebound

France returned to economic growth in the second quarter, with a surprise 0.3-percent increase in output which signalled the end of its recession, official figures have shown. Duration: 00:39.

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Bible guides prospector to Israel's oil reserves

John Brown is on a mission from God: to strike oil in the Holy Land. Based on intriguing references in the Bible, this Texan oil prospector is convinced that Israel could be sitting on huge reserves of black gold. And he's not the only one. Duration: 01:48.

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