goodnight everyone and goodnight to you too, tom. >> tom: good night, susie. i'm tom hudson. goodnight everyone, we hope to see all of you again tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing is available in "nightly business report's" video "how wall street works". to order this dvd, call 1-800- play-pbs or visit online at shoppbs.org. >> be more.

tom, all the major averages closed up, but there was still a wave of heavy selling at the open. >> tom: susie, it was a choppy day and at the start of trading. the dow fell below the psychologically important 10,000 level. but it stayed above its flash crash low. by late morning, buyers came back and it finished higher by 125 points. still a lot of worries about financial problems in europe, even though a trillion dollar bailout package got the okay from german lawmakers today. as erika miller reports, investors and traders on wall street are not convinced the selling is over. >> reporter: you don't have to go to an amusement park to take a wild ride these days. just invest in the stock market. it's not clear what brought buyers back into the market, after this morning's steep sell- off. market strategist alec young believes american investors put european woes into perspective. >> the reality is american exports to europe represent only 5% of american gdp. in addition, s&p 500 sales to europe represent only 14% of the total. so what's happening in europe is not good for corporate amer

>> tom: importing economic worry. worldwide concerns about europe's debt problems continue building. now, it's the european banking system under scrutiny. >> susie: those new fears are hitting shares of u.s. banks and taking a toll on investor confidence. you're watching "nightly business report" for monday, may 24. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening, everyone. more selling on wall street today with all the major indexes closing in the red on new worries about the european financial system. tom, this time investors reacted to the bailout over the weekend of a troubled savings bank in spain. >> tom: susie, caja sur is a small bank, but it could spell bigger problems for european debt crisis. the bank of spain took it over, giving it access to about $690 million in emergency money. >> susie:

what is it about tom watson that made that true? you were the biggest money winner, you won as we said british open, the masters and u.s. open, not the pga, yet. i'll give you that. >> growing up actually on my website just went live this last week, my first blog on the website. i don't know how to blog, but i wrote a story about my most memorable victory. you would think maybe british open, '77. the u.s. open in '82. no, it was a tournament when i was 14 years old. the kansas city men's match play. i ended up for variety of reasons was in against a man against bob divine, i was 14, he was 28. i ended upbeatingupbeating him four and two. after inning i guess at age 14. my life's ambition was set right then and there. i wanted to be a professional golfer. as a kid, you play pretend. you played pretend where you were jack nicklaus or arnold palmer, you were playing against them. i did this. when i turned pro, i'd already convinced myself that the only way i was going to ever get anywhere was work harder than anybody else out there. wo

what is it about tom watson that made that true? you were the biggest money winner, you won as we said british open, the masters and u.s. open, not the pga, yet. i'll give you that. >> growing up actually on my website just went live this last week, my first blog on the website. i don't know how to blog, but i wrote a story about my most memorable victory. you would think maybe british open, '77. the u.s. open in '82. no, it was a tournament when i was tournaments, earl tournamenthe in '7d '75 i had great opportunity to win. that's the tournament i wanted to win most. >> charlie: more than the masters. >> more than the master or the british open. the toughest golf course. >> what a way to win, what a way to finish! tom watson birdied 18. he wins it by two. >> my dad had a great history with it. he knew every open champion, u.s. open champion from start from 1895 on. he used to quiz him, it was fun. when i got to the point of winning my first tournament, that was kind of like winning when i was 14 years old. if i can win out here, wh

how many people did you deal with like tom? >> one. >> tom ganley. >> he's the only one like that. >> what do you mean? >> normally you're dealing with informants, people who are actually involved in these crimes and you're trying to get them to tell you what's going on, help them help you defeat these people and along comes tom ganley and volunteers to help us and it's just like a miracle that you can deal with somebody like him. who is willing to do that, willing to put himself in danger and his family in danger. >> he was really in danger, wasn't he? >> there's no doubt about it he was in danger. >> a million dollar contract. >> million dollar contract. the mob says somebody gets the guy and a million bucks for them. >> him and his family. not only him and his wife-- >> he knew full well he was taking risks. >> he knew from day one he was. obviously you don't have that happen often. did you think it would take two years to get this all done? >> well, when we started, we figured it would take that long, because-- >> okay, did

you're on with tom fuentes. you're giving information and this is also an opportunity for us to get information. >> reporter: absolutely. we were out in connecticut. one of the strongest leads they had was a car that was used in this particular attack. clearly somebody bought that car, loaded it with propane and fertilizer and gasoline. the original lead came because of a sticker on the back of the car that was in the direction of the dealership here in the stratford bridgeport, connecticut, area. law enforcement authorities questioned the deal and they go back into the records and track the original owner. and from there, they connected it to various owners. the car changed hands a number of times. we learned that, in fact, the car itself was purchased just three weeks ago on craigslist. as a matter of fact, drew, we want to tell that you we're trying to get to a location we believe may be the home of the person who's in custody. but the car was purchased about three weeks ago on craigslist. authorities were lo

with tom during the mob sting. first of all, welcome. i want to ask you, in your 27 year krooefr wicareer with the many people did you deal with like tom. >> one, tom. >> and by that what do you mean. >> you are dealing with people who are actually involved with the crimes and trying to get them to tell you what is going on, normally. and help them help you defeat these people, and then along comes tom and volunteers to help us, and it is like a miracle. that you can deal with somebody like him, who is willing to do that and put himself in danger and his family. >> he was really in danger, wasn't he. >> no doubt about it. >> a million dollar contract. >> million dollar contract. >> the mob, somebody gets this guy, a million bucks for that. >> him and his family. not only him but his wife. >> and he knew he was take these kinds of risks. >> from day one. >> and obviously you don't have that happen often. did you think it would take two years to get it done. >> when we started we figured it would take that long becau

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do you agree with that, tom? >> i do. i think that's right. >> lehrer: let's go through some of the button issues here that always affect supreme court nominations. on kale an, what is known about her... on kagan, what is known about her position, say, on abortion. >> very little. she hasn't expressed a personal view either about her own views or the constitution. >> lehrer: nothing about roe v. wade. >> no. i've read everything she's written i think from talking with people in terms of even teaching her class, there is a memorandum that came out from her time in the domestics domestic policy shop advising the president on a compromise about late term abortion. that really reflected clinton administration's approach. one she seemed comfortable with about being kind of in the center. even that wasn't about what the constitution requires. it was a political judgment. >> lehrer: is there any doubt in anybody's mind that she's pro-choice? and she would vote to uphold roe v. wade? >> the kinds of questions-- and tom can correc

tom you said the hotline doesn't inspire confidence. i can only assume you think average americans are stupid. why do you hate america? >> the companies always think they are involving the public. the suggestion box in the diner gets ignored. >> he whispered he hates america. >> absolutely. >> bill, you said taking greg's insults every night is a tough job, but you haven't ruined an entire by bio sphere. >> do i really? please tell me you have maps and charts. >> the russian palm says we should use a controled under ground nuclear blast. >> i love them. i. >> they say the underground explosion squeezes their channel and uh apparently the coof yet did it five times and only unsuccessful a couple times. >> there are a lot of two headed whales. >> they killed the pirates and nobody cares. >> and the second base man for the 82 giants was joe morgan. >> i hate joe mar began. not a good color comeentator. >> chris chris stey. the guy sanding next to him could not be more annoying. he has a face that you want to go -- >> greg-alogue. you asked

tom friedman, the curious case of dr. rand paul. a political force this week, a force for the tea party, and someone who is outspoken in his views who, by the ends of the week, had republicans quite nervous, as you heard senator cornyn say, the issue with these novice candidates, they go out there and make mistakes. is he a weakened candidate? >> sure feels like it to me. i think, you know, when you come out against the 1964 civil rights act, that's not a growth position. now maybe in his state or maybe in the tea party, but i don't think that's something you're going to build a national campaign around. so, yeah, it really gets to the fact of i think he tried to press all the senators on this, really, david. you want to cut back government. just tell me which service do you want to take away? is it police, fire, army? you know, i think that's a serious discussion to have, smaller government. but to say we want smaller government, less government intrusion, tell me what you want to take away. i think what's really difficult about th

tom, expecting any rain today? >> we could get a few more sprinkles. the weekend rain not only stopped the bridge construction project but it stopped a lot of your reck vacation plans. we had a few passing heavy downpours over the weekend. those have dissipated. there's the live view from our high definition sky watcher camera mounted on our tower in upper northwest washington. you can see those sculpted gray clouds passing over us at this hour. on;hradar, you see the blips o blue. we are getting a few sprinkles right now to the north of winchester, the northern shenandoah valley into the panhandle of west virginia, a few sprinchs there in morgan, jefferson, berkeley counties as well and it looks like washington county getting a few sprinkles there. temperatures in the 60s to near 70. right now in washington it's at 69 degrees. mid-60s in prince george's county. it's a bit cooler around the bay and if montgomery, arlington and fairfax counties, now the upper 60s. upper 60s as well in the mountains of west virginia. it's in the upper 60s to near 70 on

they go into the gulf. >> woodruff: tom beardon reporting for us from louisiana, thank you, tom. >> sure. >> woodruff: and in fact, one of the major questions this accident raises is what it means for the future of offshore drilling. a number of senators and state officials have changed their position on the issue in recent days, the latest being california governor arnold schwarzenegger. he told reporters today he now believes it is not safe to drill on california's coast. we get two views on all this. kert davies is the research director for the environmental organization greenpeace. and sara banaszak is a senior economist for the american petroleum institute, an industry trade group. thank you both for being here. we appreciate it. kert davies, your organization was already opposed to off-shore drilling. how does that episode affect your think something. >> it reinforces what we've seen worldwide as we drill for oil it's a dirty, dangerous business. the farther afield we go, deep into the amazon, into the arctic and into deeper water the greater those risks are and the worse the impac

i have one other thanks to extend as tom mentioned i served in iraq and as tom delude it to i was wounded in iraq. i had a close encounter with a shrapnel that left me with a little bit of shrapnel in my jaw and so every time i open my mouth to white my jaw hurts which is a pretty useful won't to have. [laughter] as wounds go. but i'm standing up here following in the footsteps as a transitioning or you're two writer in some other issues and somebody whose transition from the military into being a citizen. as many of you know and as those of you who've known veterans who've made the transition it's a tough one to make. my generation of veterans has the privilege of being thanked for our service on an almost daily basis when we encounter people who learn that we are veterans. generations past didn't have that privilege and one of the man who's going to follow me wallace a forerunner and part of a generation of war years to writers who begin to reshape the cultural landscape in the united states to bridge the gap from the vietnam era into the era that we are in today. and so if you're out h

here's tom. >>> we have lots of sun. that strong may sun warming us up into the 70s. for the rest of the afternoon, we hit the midand upper 80s. high clouds in and out with low humidity. overnight tonight, mostly cloudy and will be in the 70s through the evening. nice evening for your outdoor plans and getting out into town and enjoying your evening and tomorrow morning it will be near 60. a cloudy and cooler weekend, though. saturday and sunday both days we could have a chance of afternoon and evening showers. and there is a small chance of some thunder, both of those days but drying out as we get into next week. have a great weekend. we'll see you on monday. that's the way it looks. >> all right, tom, thank you. >>> bo obama is not apparently the only furry friend that calls the white house home. cameras caught a rodent scurrying across the front of the podium before president obama's speech on financial reform. some say it's a rat, others say it was a mole. some members of the white house camera crew claim they saw him last week, too. did you see him there? probabl

it's distressing to hear tom campbell talk about this issue. he has backed a number of carbon taxes as a way of curtailing our emissions of greenhouse taxes. quoting no higher an authority than carly fiorina on carly fiorina, she supported cap-and- trade during the campaign of 2008. i am glad that we have some converts over to the sensible conservative way of thinking. the fact is that if california were to employment 8032, it would require a 30% reduction in our greenhouse gas emissions in only 10 years. if we got rid of all the electrical production, you would not make the no. 3 is the guy rid of all privately owned automobiles, you would not make the number. if you eliminated california off the face of the year, and one year's worth of economic growth from china, you would make up the difference. we need to solve this problem through innovation and through wealth creation, not through red tape and putting people out of work. >> warren armstrong? the dollar back to mr. campbell now? >> if you guys cannot keep it straight, we're in trouble. >>

our next question is from a longtime matriarch of our community. >> thank you tom. my question actually, i have two questions of both of themdel with the judiciary. first, you say that the compensatory damages will be-- what will be the cap for that, the current 300,000-dollar cap has been there for what, 20 years? i was wondering if it would still be 300,000 for compensatory damages. the second question has to do with the practice of the judiciary to issue summary judgments that gives employment cases, the fact that most of the time notwithstanding the evidence, people who are in the employment arena have less than a 3% chance to even get to court because of the practice of summary judgment and will the law address that? >> to start with the first issue, there are caps on the compensatory damages i believe at this point, and in summary judgment, we think that they are really unprecedented favorable burdens of proof have to get past summary judgment in court, but your question is, a good cue to a position hidden in the senate legislation which for the first time wou

bill: tom jones is with us. he is an astronaut! tom? >> good morning, bill. bill: how did it look to you? >> it was an incredible jolt, i think, if there had been a crew onboard. this is an unmanned test force, the g load would be 18 times normal force of gravity, a little more than an ejection fire, this is a ryan abort test, to test to get astronauts away from a failing booster in the early stainches of launch and it looked like it went incredibly well. it's ironic the test, which was supposed to be the first of certainly leading up to an astronaut escape system fully qualified may be canceled by the president's potential to do away with the rocket and the capsule we're supposed to use aboard this system. bill: we launched the -- we watched nine launch from nasa and it looked like it laid it out. the shuttle mission, it never had an option like this to get out. >> well, that's true. and when my crew had a board back in 184, we had a main engine failure on the launchpad, we had no way of getting out of the shuttle except crawling out through the hatch and ru

we'll see you tomorrow morning. >> tom, thanks very much. >>> you recognize him. and who says super hero crime fighters don't exist. spider man helped bring a would-be robber to justice. michael and his friends were decked out that day for a free comic book day. when a real villain entered the shop. the bad guy was trying to steal a comic bike there worth almost $150. until he got caught in spiderman's web. so who is your favorite super hero? >> i love spider man. yeah, that's great. and i love super man, too. >> it's hard to take, isn't it? all right. speaking of that, we have wonder woman coming tomorrow. >> we do. >> she'll be right here. >> great, that will be fun. >> looking forward to that. and that's news 4 midday. thanks for joining us. be sure to tune into the "daily connection" at 2:00. and we'll be back at new 4/midday. have a great day.

i'm tom sherwood. i will have the story coming up on "news4 at 5:00." >>> candlelight vigil planned this evening in honor of yeardley love. the university of virginia student was found murdered in her apartment monday and her ex-boyfriend, george huguely, is charged with that murder. >>> former arlington soccer coach has been arrested accused of sexually assaulting at least one child. 47-year-old luis hoil asalted the child several times between 1999 and 2001. police say hoil coached soccer for the crystal city soccer club between '98 and 2003. he's now being held on bond at the arlington county detention center. federal officials are trying to figure out if the accused times square bomber, faisal shahzad, was acting alone. in the meantime, federal officials have tightened the no-fly list rules. airlines will have to check that list every two hours and that's a look a our headlines at this hour. >>> we have dramatic new video of the iceland volcano to show you now. here is a bird's eye view of the volc

. >> woodruff: then, tom bearden reports from the u.s. gulf coast on the struggle to contain the massive oil spill by putting a huge dome over the largest leak. next through a funnel and channel the flow of oil from the sea ban up to the surface. >> brown: plus, we examine the potential damage to marine wildlife. >> woodruff: margaret warner gets an update from athens on today's deadly riots sparked by greece's debt crisis. >> brown: and simon marks previews the photo-finish in tomorrow's general election in britain. >> i really, really hope so. and i think the thing is lots of people do. i think we really, really need a change. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: today-- how did faisal shahzad come so close to leaving the country monday night? by then, authorities had connected the pakistani-american to the crude car bomb that failed to explode in times square in new york city on saturday, and they'd tracked down his address in bridgeport, connecticut. evan perez i

nbc's tom aspell is in kabul tonight with more. tom? >> reporter: lester, insurgents launched a barrage of rockets against kandahar air field just after dark and then followed it with an unsuccessful assault against the base's northern perimeter. nato spokesmen say there have been a number of casualties. nato and the taliban have been attacking each other in anticipation of a major ground assault around kandahar expected in the next few weeks. this is the third attack against nato forces in the past six days, on tuesday, a suicide bomber killed six nato soldiers including five americans, in an attack on a convoy in kabul. and an american contractor was killed at bagram air field north of kabul in a ground assault on wednesday. lester? >> tom aspell tonight in kabul, thank you. >>> this was graduation day at west point. many of the cadets who graduated today will soon be at war in afghanistan. and today, president obama told them the u.s. needs allies there, that america can't do the job alone. this year's top two cadets, by the way, are

host: our final question for you, tom. at any point does the constitution in britain allow for the queen to be involved? or will this be dealt with only by the politicians? guest: we do not have a written constitution which is pt of the problem. this is governed by conventions. the queen, she will not want to be dragged into this. she will be advised by a senior civil servant, be advised by ministers. she will be hoping very much that they will come, the different political leaders of the parties will come to an agreement without her being dragged into the unseemly matter. the one thing she has achieved over the last 60 years on the turn i who is retiring this summer. 50 years old, born in new york city, she is a graduate of princeton, oxford, and harvard university. in 2003, she became the first woman dean of harvard law school. the formal supreme court announcement is expected as early as monday morning. we will carry that live and online at c-span.org. >> the president got on the phone and said to me, i would like to an

tom tasselmyer has the forecast, coming up. >> in use study shows yoga can have a profound effect. is the bottle tax dead? there may be a solution to solving the budget problem, but can it really work? we will >> a little rain must fall on the weekend every now and then. 76 tomorrow with showers mainly in the afternoon and evening. off and on shoutershowers sundan wednesday is a nice looking day. mid to upper 80's thursday and friday. wednesday is a beautiful day. >> thanks for joining us. >> we'll see you at a

. >> it appears an alleged peeping tom in hartford has been more active than first thought. i'm kelley swoop. police charged a man with videotaping a neighbor's teen daughter through a window but now say more women have been victims. we have the top story tonight. >> reporter: the state's attorney said most of the girls in the videos they found on the suspect's computer were in their bedrooms, showers, or getting dressed. had is still an active investigation. the parents say they can't believe it. they all came out to cheer for their daughters because they do everything they can to support them and keep them safe. >> it's a tough environment. there is a lot of stuff that goes on and you have to protect your kids. >> reporter: as they enjoy the game they are aware a man has been arrested accused of being a peeping tom. >> horrified that somebody could be looking in the house. >> that somebody police say is 41-year-old david jones. live was his wife and two children. he was first arrested last month when police say a 15-year- old saw him videotaping her through a window after

[laughter] tom, you have got it baby. >> thank you herb. [applause] >> brother bradshaw. >> i find the word-- is this working? i find the word satire to be a difficult one to define. i feel like there is a difference between the way we talk about and think about satire in our popular media and what it actually is. satire is often used to describe broad comedy and pure mockery and things that are purely sarcastic in town. when i think satire actually has to have very serious underpinnings, and actually needs to be an almost scathing portrayal in order to really be defined as satire. i am a playwright, so i'm going to talk about satire in the theater a bit. i can't think of many black playwrights who i would describe as satirists. george wolf always-- obviously. the museum is probably the greatest and well-known examples we have in a modern context. i was thinking about a married barack and his early plays and i went into find him dearly as satire but i think they have satirical elements. satire has to be in opposition to something, and most

. >> good morning, tom. it's too bad this isn't memorial weekend because this is going to be a beautiful weekend and who knows about a week from now, but we're looking at a warm start. this feels and looks like summer. temperatures are in the 70s across the deep south this morning and the humidity is up. it's even warm all the way up to boston this morning, 66. so, you definitely do not need the heavy jacket out there. we have a storm system that brought us severe weather yesterday, still bringing us thunderstorms down there towards atlanta. it will bring showery weather up through the ohio valley today and more thunderstorms in the tennessee valley. so, the east coast is warm and relatively dry and sunny. the ohio valley, tennessee valley and the great lakes is where the stormy weather is going to be today. it's not going to be horrible, but it will rain on and off and be cloudy or cooler. areas like chicago will be about 67 degrees with showers. watch out for those early-morning thunderstorms in atlanta. p

a lot of it, tom, is okay. people just in these economic times they don't want to sacrifice for their families and, you know, take a government job for the sake of, you know, patriotism. and so state government, i believe, in many cases, has to develop a system of probably more security to attract a wider range of public employees. you know, lastly, it seems to me that because there's a requirement that most states have that we balance our budget, meaning in new mexico it's the law, that we state governments, even though there's some waste like everywhere else, are more budget conscious, more business oriented than the federal government's certainly right now in the congress. so that's my observation. >> governor markell and then we'll open the floor to some business observations. >> well, we've been fortunate, first of all, i do think this recession has really focused the attention of folks across the spectrum. we've been successful at bringing some very strong business people into the cabinet. but i also in p

. >>> nbc's tom costello with more on the hearing. hi, tom. >> reporter: good afternoon. in fact, several former employees and urnt current empl said the same thing. they would quickly scramble and fix things that were not proper. we heard emotional testimony as well from family members that were still grieving several weeks after this terrible disaster that killed 29 people. the worst mine disaster in 40 years. interestingly, they have still not gotten into the mine. investigator says the air inside the mine is still too poisonous. they can't get in. they're hoping to get in the wednesday after memorial day. but investigators came here, congressional investigators came here because they wanted to hear exactly what the family members had to say and they also wanted to hear what the miners had to say about the state of the mine and about massey energy's overall record. wendy, so many different employees pointed the finger at massey and said they were running an unsafe operation. at the end of the hearing, the chairman of the hearing warned mat see if they tried to retaliat

tom: hi i'm tom kruse, inventor and founder of hoveround. when we say you're free to see the world, we mean it. call today and get a free hoveround information kit that includes a video and full color brochure. dennis celorie: "it's by far the best chair i've ever owned." terri: "last year, 9 out of 10 people got their hoveround for little or no money." jim plunkitt: "no cost. absolutely no cost to me." breaking news...when you call today, we'll include a free hoveround collapsible grabber with the purchase of your power chair. it reaches, it grabs, it's collapsible and it's portable. it goes wherever you go. get it free while supplies last. call the number on your screen to get your free video, brochure and your free hoveround collapsible grabber. call the number on your screen. >>> doctors without borders gives emergency medical aid to victims of war, disaster and epidemic. volunteers travel to the most remote and sometimes dangerous areas to offer help. jenna introduces us to one of these volunteers, dr. ben wan. >> reporter: dr. wan is a

our report tonight from tom costello. >> reporter: it was ben edleman who noticed something was fishy. when he clicked on the ad, the company then had access to his facebook page. >> reporter: private information like name, age, date of birth, address, even family photos. facebook hasn't been alone in sharing its users' personal information. but with nearly 500 million users worldwide, facebook is the largest social networking site. many people insist they can't live without it. >> my information is probably out there for anybody to see. >> reporter: facebook makes changing your privacy settings difficult, with more than a hundred difficult settings you can select. who you want to share your information with, friends or total strangers. facebook users have even created their own page to rail against privacy. users want simple and easy ways to opt out of sharing personal information. >> when facebook has 2.6 million users joining a group complaining about facebook's privacy settings, they know they have a problem. >> reporter: the latest cover stories are all about online insecurity. >