good night everyone and good night to you too, tom. >> tom: good night suzanne. i'm tom hudson. good night everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: d captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

good night, everyone, and good night to you, too, tom. >> tom: good night, suzanne. m tom hudson. good night, everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

c.. >> tom: big and broad. that describes today's stock buying, pulling the dow industrials into positive territory for the month. with november closing on a big rally, the dow gained 0.75% this month. the buying today wasn't enough to erase losses for the s&p 500 and the nasdaq. the s&p 500 lost 0.5%. the nasdaq dropped more than 2% this month. today's move had some rocket fuel behind it, thanks to the action by the central banks today, making it cheaper for cash-crunched european banks to borrow u.s. dollars. on the big board, more than 1,800 stocks were up, while fewer than 100 declined. --400 declined on the nasdaq, almost 2,000 stocks advanced, fewer than 500 fell. the financial stock sector led the way today. this exchange-traded fund follows the sector, jumping more than 6%. still, it trades below its october high, and so far this year, the financial sector is the worst-performing stock sector, down 20% year to date. it was a mix of financial companies leading the sector today. regional bank regions fina

good night, everyone, and good night to you, too, tom. >> tom: good night, susie. i'm tom hudson. good night, everyone. we hope to see all of you again tomorrow night. in the meantime, we leave you with the white house tree lighting. "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 >> be more. pbs.

i'm tom hudson , have a beautiful evening, you too susie. >> susie: the same to you, tom. good night everyone. i'm susie gharib. we hope to see all of you again tomorrow night.

. >> tom: u.s. stocks surged on news of the european plan. >> i think there's a willingness on the part of the investors that are in the market to want this market to go higher year- end. and, i think when they get an opportunity to buy stocks and there's a reason to do so, they do. >> tom: it's "nightly business report" for friday, december 9. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening everyone. a new day and new deal for europe, but it's still not perfect. european leaders wrapped up a crucial summit agreeing on a plan to resolve the debt crisis. all of the european union countries agreed on the historic treaty. but tom, britain refused to go along. >> tom: susie, britain didn't want to give up economic control to a central european authority, but the agreement would bring other eurozone countries together to coordinate economic polices. here are the highlights of today's dea

good night everyone and good night to you too, tom. >> tom: i'm tom hudson, thank you for joining us. we'll see you an line and back here tomorrow evening. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org 

welcome back to n.b.r. >> thank you. >> thank you. >> it's great to see you, tom >> tom: why do the funds give discounts at the end of the year? >> tax selling. investors say where can i take a loss to offset gains, and if they have a loss they just sell it without looking at the valuation. >> tom: and what does it mean discount? >> trading below the value per share. >> tom: so if you take the stocks and divide them by the number of shares you get a higher price than the share price. >> you get a dollar of stock for 85 cents. >> tom: there are some that aren't at discount at the end of the year. does that worry you? >> you're thinking of the municipal bond funds. they're overpriceed and in dangerous range. many are trading at premiums to the value. they're leveraged companys and invested in municipalities which may have troubles down the road. there's talk of a flat fax which if it doesn't come to pass 32 could be a shake out. >> tom: time to get out? >> we sold all of them reenltly. >> tom: where are you putting it? >> equity funds. they're dhaep. the average discount in the herzfeld ave

>> tom, it's good to be with you. it could be, and it certainly will put a pinch, particularly on the margins as we move through highs in the dollar index, and we know that the majority -- not the majority, but over 25% of our exports are centered towards the europeans. a fall in their currency and a rise in our dollar does put a pinch in the margins and problems potentially for profits going into 2012. >> tom: 40 to 45% of earnings in the s&p 500 are out of the united states. does it bring down earnings expectation? >> it certainly has to, particularly given the fact that half of that number is focused in the emerging economies, as we know from past experience and even our more recent experience this year. when the developed economies have a cold, the emerging economies have a flu. so we found in the background, we should expect again, earnings expectation need to be reviseed and revised significantly lower for at least the first half of 2012 as we work through this debt crisis which is what has pushed the u.s. dolla

welcome back to n.b.r. >> thank you. >> thank you. >> it's great to see you, tom >> tom: why do the funds give discounts at the end of the year? >> tax selling. investors say where can i take a loss to offset gains, and if they have a loss they just sell it without looking at the valuation. >> tom: and what does it mean discount? >> trading below the value per share. >> tom: so if you take the stocks and divide them by the number of shares you get a higher price than the share price. >> you get a dollar of stock for 85 cents. >> tom: there are some that aren't at discount at the end of the year. does that worry you? >> you're thinking of the municipal bond funds. they're overpriceed and in dangerous range. many are trading at premiums to the value. they're leveraged companys and invested in municipalities which may have troubles down the road. there's talk of a flat fax which if it doesn't come to pass 32 could be a shake out. >> tom: time to get out? >> we sold all of them reenltly. >> tom: where are you putting it? >> equity funds. they're dhaep. the average discount in the herzfeld ave

good night everyone and good night to you too, tom. >> tom: good night suzanne. i'm tom hudson. good night everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

i'm tom hudson. good night everyone, and good night to you "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> be more. pbs.

>> tom: meanwhile here at home, >> tom: meanwhile here at home, heavy debt load on the postal service. it's "nightly business report" for monday, december 5. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: >> susie: good evening everyone. europe was put on notice tonight. after the market close, standard & poor's placed 15 european countries on "negative credit watch." that means the countries' credit ratings could be cut. tom, the warning even applies to the euro-zone's six aaa-rated nations, including germany and france. >> tom: susie, european government credit ratings may be cut, depending on how much progress european leaders make at their summit on friday. s&p cited several reasons for the warning, including tightening credit conditions in the region, continuing disagreements among european policymakers on how to resolve the debt crisis high levels of government and household debt and the risk of a recession in the eurozone next year. >> susie: joining us now with more analysis? bob doll, chief equity strategist

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good night, everyone, and good night to you, too, tom. >> tom: good night, suzanne. i'm tom hudson. we hope to see all of you again tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

good night, everyone, and good night to you, too, tom. >> tom: good night, suzanne. i'm tom hudson. we hope to see all of you again tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

tom's theory? that chris in a jealous rage about jennifer's old boyfriend, lost his temper, killed her, without meaning to, then got his frat brothers to help him hide the crime with the fire. gradually what emerged was a screenplay about one young man's terrible, deadly mistake. >> and for my closure, as strange as this may sound, i didn't want him to be a bad guy. this is something that happened that wasn't premeditated because in my mind that's the only way i could forgive him. >> why wouldn't you want to hate and seek out and see justice done to this person? >> because i got to live with myself every day. >> and then a decision that would come back to haunt him. tom wrote himself into his screenplay. since he was writing fiction, he says, he wanted to make a change. he didn't want it to seem like his beloved sister had a steady stream of men visiting her trailer, so he put himself in the place of scott snowden, that other boyfriend chris encountered just before jennifer's murder. >> this is som

. >> tom: we look at the risks in europe. noted economist simon johnson joins us to explain why europe is weighing on u.s. markets and businesses. it's "nightly business report" for monday, december 12. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening everyone. so much for all that optimism over europe's rescue plan. stocks fell sharply on wall street as investors doubt europe's latest plan will solve the region's debt crisis. tom, investors had a weekend to analyze that inter-governmental treaty and it looks like it got a thumbs down today. >> tom: susie, investors also reacted to new warnings today from two credit ratings agencies. both fitch ratings and moody's investors service warned the latest european plan did not reduce the risks of a recession in the region. as you recall, standard & poor's said last week it could soon lower the credit ratings of 15 european countries as the region faces a possible re

you, too, tom >> tom: good night, susie. good night, everyone. i'm tom hudson. we'll see all of you again tomorrow evening. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org woman: welcome to one of the most iconic parks in the world, new york city's central park. tonight, tens of thousands of new yorkers are gathered on the great lawn as they await to be serenaded by the international superstar, italian tenor andrea bocelli. i'm paula zahn, and, as you can see, the stage is set and the musicians are in place in anticipation of an evening that mr. bocelli calls his gift to new york city. and what a gift it promises to be. join us as "great performances" presents "andrea bocelli: live in central park." ♪

welcome back to n.b.r. >> thank you. >> thank you. >> it's great to see you, tom >> tom: why do the funds give discounts at the end of the year? >> tax selling. investors say where can i take a loss to offset gains, and if they have a loss they just sell it without looking at the valuation. >> tom: and what does it mean discount? >> trading below the value per share. >> tom: so if you take the stocks and divide them by the number of shares you get a higher price than the share price. >> you get a dollar of stock for 85 cents. >> tom: there are some that aren't at discount at the end of the year. does that worry you? >> you're thinking of the municipal bond funds. they're overpriceed and in dangerous range. many are trading at premiums to the value. they're leveraged companys and invested in municipalities which may have troubles down the road. there's talk of a flat fax which if it doesn't come to pass 32 could be a shake out. >> tom: time to get out? >> we sold all of them reenltly. >> tom: where are you putting it? >> equity funds. they're dhaep. the average discount in the herzfeld ave

>> tom: ben n rnrnkekendndompany >> tom: good evening and thanks for joining us. the federal reserve kept its key interest rate at 0%, but it thinks the economy is improving a little bit. that announcement came, susie, as the fed wrapped up its policy meeting in washington, its last one for this year. >> susie: tom, even though fed chief ben bernanke and his fellow policymakers said the u.s. economy is doing a bit better, investors were still disappointed. they were hoping the central bank would signal new plans to boost growth. stocks sold off after the fed announcement: the dow lost 66 points, the nasdaq fell 33, and the s&p slipped about 11. the fed's december meeting marks the third straight year of interest rates at 0%, a reminder that the u.s. economy is still struggling. the message from ben bernanke today was upbeat, or was it? for every positive comment, there was also a negative. the fed's policy statement said there's "some improvement" in the job market but, also, the unemployment rate remains high. it noted that the economy has been "expanding moderat

tom, they expected it to remain stuck at 9%. >> tom: everyone focused on that number, susie. but the other number in today's report was the number of jobs created last month. the american economy added 120,000 jobs in november led by new jobs in the retail industry. >> susie: out of work americans are now hoping that their job prospects have improved. suzanne pratt takes a look. >> reporter: from wall street trading floors to holiday shopperst the mall, americans are wondering if the latest look at the labor market is for real or a big fakeout. sure, the widely watched survey of employers showed 120,000 jobs were added last month. but, there was a lot of head- scratching about the big drop in the nation's jobless rate. the decline stems mainly from a decrease in the size of labor force. in other words, people stopped looking for work-- not a good sign. experts say on top of that the unemployment rate comes from a small survey of households that can be volatile. economist aneta markowska explains it showed nearly 300,000 new jobs in november-- a lot more than the payroll surve

you, too, tom >> tom: good night, susie. good night, everyone. i'm tom hudson. we'll see all of you again tomorrow evening. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org