but the other big technology names reporting tonight-- intel, ibm, and microsoft-- all post better than expected results. >> susie: and natural gas prices tumble to the lowest level in a decade. how those rock-bottom prices are helping users and hurting producers. it's "nightly business report" for thursday, january 19. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. one huge earnings disappointment tonight from google. quarterly earnings came in well below wall street expectations, and, susie, the reaction was swift. >> susie: google shares tumbled 10% in after-hours trading on this rare earnings miss for the web giant. it earned $9.50 a share, almost a full dollar below estimates. revenues were also less than expected, coming in at just over $8 billion. but a trio of other big technology firms reported stronger than predicted results. microsoft earnings were two cents ahead of wall street estimates. profits at intel were three cents over what

we teach this ibm studies. in 1990s the ibm was in trouble. remember they had that ibm computer they weren't making any money on it. the margins were not very good the chinese had computers that were cheaper so ibm says how do we make money? we're not making it selling computers. so they had a soul searching discussion and asked what does ibm really do that people need? we manage information. that's our real expertise. and now ibm cisco, and hp and ultimate canning people are managing information flows and every company has a cheap information office. what's the real expertise of a utility company? managing energy. they will set up partnerships with thousands of corporate clients, small and medium size, large businesses, manage their energy flows across the supply chain embedded in their products and processes and in their distribution. the name of the game for the next 30 years during this volatile transition from a second industrial revolution that's dying and the third industrial revolution that is waiting to be born and how you survive is

ibm continues to innovate and create jobs in the ibm plant that's thriving and adding jobs and is now one of the world's largest producers of semi-conducting, producing six miner s. revision eyeware, i was there last week, is thriving and has developed a new combat helmet that if adopted by the u.s. military will allow them to vastly expand manufacturing in vermont. up in newport, louis garneau will be building new facilities to expand manufacturing jobs there. from the massachusetts line to the canadian border, companies that opened this year include commonwealth, that's tomorrow. nice. they're growing our customer base, creating jobs and adding vitality to a revitalization. [ applause ] >> my administration and i commit ourselves every day to growing jobs one job at a time. and we slowly, but surely, will grow our way out of the most painful recession in our nation's history. let me say one last word about staying competitive and creating jobs. you may have heard me say this before, but vermont's problem is not that our taxes are not high enough, it is that they are too high. i'm a

so ibm is up, microsoft up, intel is up but google down. federal investigators shutting down one of the popular file sharing sites called mega upload.com. four people were also arrested in the global crackdown. i had not heard of it but it's huge. it's considered with what they call a cyber locker. users store shared materials often pirated movies and music so it's a big story. i don't know if you heard of it but i guess it's a big site. >> make sure we check it out. thanks for the heads up. >> it's 4:46. a welcome sight in the sierra. fresh snow is falling. that's good for ski resorts but made for dangerous driving. there's more snow to come. emergency crews are reminding drivers to take it slow and be prepared with chains, plenty of gas and even some extra food and water just in case. better safe than sorry, that's for sure. >> snow in the sierra, and rain coming around here, much needed sounds like. >> good weekend for football as well. looks like a sloppy game in forecast. we'll get to that. let's get to what's happening out there. alre

with intel and ibm jumping. some are having problems with kwourt quarter earnings. >> checking some of the results. sony said they had a net loss, citing intense competition, flooding in thailand. shares up 1% yesterday, but down around 50% for 2011. hand set shipments fell year upon year, and joint venture with sony eric son due to end, so sony can focus on integrating electronics, laptops, tablets. we will focus on sony related stocks because of the slightly weaker yen and see how things open monday with developments in europe and the u.s. back to you, ai. >> ramin, thanks for that update. ramin mellegard from the tokyo stock exchange. i will be back exclusive interview featuring a best selling author on the japanese economy. >>> "newsline" is the place to turn to for the latest on japan, post march 11th. we have two segments offering two unique perspectives on the fallout from the earthquake and tsunami. "nuclear watch" brings insight and information on the fukushima daiichi process. and "the road ahead". >>>

it's not... it's not that ibm let everybody go, right? it's that everybody's just not here. >> yeah, why don't you come over and sit down in the seat so we can see you? i feel like i'm all alone here. >> rushkoff: could you tell us where you all are? where you're coming into this room from, in real space? >> like, where you all really live, i guess is the question. >> so, hi, this is julie, based out of burlington, vermont. >> hi, this is johan. i'm living and googling in germany. >> hi, this is arthur. i'm from san campinas, a city near sao paolo, in brazil. >> rushkoff: i mean, you've all met in real life one point or another, right? >> actually no, none of us have. >> no. >> no. >> rushkoff: but you're... this is your main team, right? >> yeah, actually we meet here every day, so this is how we know each other. >> rushkoff: as more of our real lives migrate to virtual spaces, there's a growing market for research exploring how we behave inside those spaces, as well as how our virtual experiences change us. >> we use computer algorithms

this, according to a chief scientist at ibm. ibm's chief technology officer says biometrics are way more accurate to proving who you are, retina and dna scans. there are privacy concerns with the new technology but it's already being tested by the department of homeland security. >>> some of the smartest students on the entire planet are teaming up, getting together to let you know what it feels like when you grow old. unfortunately, i know what that feels like every morning when i get up. they created this suit that simulates the difficulty of mobility in a 70-year-old body. when i say that, marla laughs. my back hurts right now. using braces and bands to limit your range of motion. the goal is to help designers, engineers and architects think about the needs of the elderly when designing their products and buildings. >> i'm laughing because i feel the same pain when i get up in the morning. >> not even close to mine. >>> san jose, all that dieting and exercise appears to be paying off. the atlantic is ranking san jose the most

ibm, of course, delighted to have so many of my yearayor le' good friends from throughout san francisco and the bay area and the country. mayor lee had some special things he really wanted done on this occasion, and the girl's chorus was one of them, and the boys' chorus would be another of the special activities that he would like to see occur. his emphasis is obviously on including everyone in the city, so from early morning to day until the present time and on through another part of the day there will be various cultural organizations and groups all on the performance arts side who were participating on the state of inauguration of our city. at this time, we would like very much for the boys' chorus to appear and do one of the favorite tunes that this mayor likes, other than what m. c. hammer does with "too legit to quit." san francisco boys chorus, " america the beautiful." ♪ [boys chorus singing "america the beautiful"] ♪ [boys chorus singing "america the beautiful"] ♪ [applause] >> the boys' chorus and san francisco has traveled all over the world what individual mayor's re

take this 1956 prototype made by ibm. very first hard drive with capacity of 5 meg bite. compare that to this 16 gigabyte i-phone with 3200 times more storage. challenge remain such as the need for the atom at sub zero temperature. this is of abc 7 news. >> just ahead. big change for one northern california community. stay with us. more than a vicinity and a half postal services is coming to the a close. [ male announcer ] for some reason those five food groups sound a whole lot better when you put them in a taco shell instead of a pyramid. old el paso. when you gotta have mexican. fantastic! pro-gresso ] they fit! okay-y... okay??? i've been eating progresso and now my favorite old jeans...fit. okay is there a woman i can talk to? [ male announcer ] progresso. 40 soups 100 calories or less. >>. >> for more than 150 years people in ukiah have picked up the mail downtown. that tradition ends tomorrow. that's when the city historic post office closes its doors victim of the massive short fall facing the u.s. postal service. building is worth 60 600,000 dollars bit also need

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. >> caller: i want to know regarding ibm. >> i think ibm goes higher. i think the numbers are doable. i was quite pleased with the last quarter. i believe ibm is doing everything right. that was a monster quarter and i think they'll deliver another again. how about sal in oregon? sal. >> caller: boo-yah, brother. >> boo-yah, what's shaking, partner? >> caller: i need you bad. arrest reese capital corps, a-r-c-c. >> this is another one, i've got to send you to anna lee. i know anna lee is going to do well and mike ferrell -- it's got a higher yield and i know it's higher quality than any other in that space. so i'm going to recommend nly. and that, ladies and gentlemen, is the conclusion of the lig "lightning round"! >> the "lightning round" is sponsored by td ameritrade. take the privileged investing tools of wall street and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. take control of your portfolio today

the bay area's google, intel and ibm all expected to report earnings today and that could affect how the markets close. for a look at that and the rest of the news before the bell we turn to brian shactman live at cnbc world headquarters. good morning. >> good morning. stock futures on a busy day are slightly higher after pretty good gains on wednesday. there were fueled by golden sacks reported better than expected earnings, also positive outlook on the housing market. asia was higher, europe has turned positive, it was negative. we get data on unemployment, housing starts and building permits as well as consumer prices and as marla mentioned google, ibm, all report earnings. the dow rose 96 points to 12,578. the nasdaq up 41 to 2769. eastman kodak filed for chapter 11 bankruptcy protection capping a prolonged decline for one of america's iconic companies. it has secured a $950 million life line to keep operating. kodak hasn't turned a profit since 2007. it failed to quickly embrace modern technology. the digital camera, it invented it. walmart has launched a contest to find the bes

. >>> on the upside, ibm easily beat earnings estimate and promised 10% growth in 2012. tech titans intel and microsoft delivered decent reports sending both stocks higher. a 12% rise in american express helped it surpass earnings estimates. overseas ikea reported a healthy jump in profit and revenue. earlier in the day, stocks were steady, thanks, in part, to the biggest drop in weekly unemployment claims since 2008. >>> investors welcomed upbeat earnings from bank of america as it rebuilds its core businesses. morgan stanley shares climbed after reporting it lost less than expected last quarter. southwest airlines topped estimates despite higher fuel costs. general motors is once again the world's top selling automaker overtaking toyota by selling 9 million vehicles last year. rupert murdoch's empire will pay at its now defunct news of the world tabloid. actor jude law and his ex-wife and his assistant are among those receiving settlements. >>> the florida department of law enforcement is raising eyebrows as they are shells out 300 bucks to get employees testy to test

. >> the ibm stock yes we own it. i've owned it--it was actually a pretty modest investment made 35 years ago, i think. and the money has been reinvested. if i were in congress, i'd sell it in a heartbeat. i don't think people in congress ought to own stock in companies where they can influence the outcomes. other than that, my retirement funds are held in big mutual funds. there's no way to influence the outcome of any part of that, at least not that i know. hat theat the heart of this is what we should be doing. they should not be trading on insider information. more importantly, i don't think they ought to be outthere influencing their own pocketbooks when they're making decisions on behalf of the public. >> you're obviously familiar with politics in washington, but what for you what has been the most surprising thing about running for office? >> how much energy there is. to have a cans to get out there and actually just talk with people in cafes and bars and i'm spending more time in bars than i ever had before. j

in the junction ibm continues to innovate and create jobs in the ibm plant that's right in and adding jobs is now one of the world's largest producers of the conductive technology employing 6,000 vermonters. in arlington, continues to hire and expand, but wrench is retiring. and ethics junction where i was at last week it is thriving and has developed a new combat helmet that if adopted by the u.s. military will allow them to vastly expand manufacturing and vermont. up and newport we will be building new facilities to expand manufacturing jobs. from the massachusetts line, to the canadian border, companies that open this year include the forum and woodstock, swan valley cheese and many other small value-added agricultural businesses are growing their customer base, creating jobs and adding fidelity to the dairy industry that i believe is placed for revitalization. [applause] my administration and by commit ourselves every day to attracting entrepreneurs and growing jobs one job at a time coming and we slowly but surely will grow our way out of the most painful recession in our nation'

. >> you might be working for sales force as soon as they buy ibm. [laughter] commissioner moore: i would like to monology the sensitivity of landscape design, and often those things are not thought about synergetically. make a good open space and figure out where we can put some sculptures. this approach was all thought through in one big scoop. i am delighted to see a hint of international art like the biggest culture from chicago at millennium park. if any piece or collection create an art environment that has the qualities, the transformer to qualities, it will be more than a project. it will be a fully functioning part of town. >> i wanted to close by saying that this was an informational hearing. he will be coming back to you next month for approval of the office allocation of half a million square feet and the actual design of these buildings. >> thank you. >> item number 14. >> i am from the planning department staff, i am here to present you an overview of the walk first project, and informational item. i have been working on for about a yea

my name is dan prieto, vice president for public sector strategy at ibm. we are pleased to be trained to strategic industry partner for this important conference in the hearing that's gone on for information sharing. today's conference again is an important step to continue this dialogue and conflict is focused on information sharing, adapting and improving the environment. in the years since the information sharing environment was established by terrorism prevention act of 2004, with come a long way in terms of predict and in preventing incidents, not simply responding after the fact your by better sharing come anticipating in real-time. today's program lines of ibm's long-standing commitment to support our nation's effort to strengthen information sharing and improve global security. many members of the ibm team are participating in events throughout the course of the day and we appreciate the opportunity to engage in these discussions. now it is my honor to tell you a little more than what dr. kay hamre date. director of national intelligence, james cla

to rebound in both at&t and verizon, which were weaker last week and technology, among the leaders, ibm and microsoft. banks a strong january but not today, goldman sachs, and bank of america, concerns about the company's expenses and how it can grow earnings now that it has the capital position in a better place. citigroup and morgan stanley, both of those, morgan stanley actually raised, didn't help the stock in today's section over the and goldman, i should say. airlines were wins, saw strength in airlines and biotech, two of the best performing sec stores far this year, today no exception, airline index now up five days in a row, up a healthy 19% year-to-date. of course, driving the gains today were reports that delta may consider a bid for u.s. air, both of those gaining in today's session. of course, other deals as well. a bid from avb for $3.9 billion, 72 a share, stock up 73% and pep boys private at 15 a share by gore's group, up 23% as well. leave with you this head into the last day of trading for the month of january, every time the s & p has shown a gain of more than 4% for

>> i would assume ibm. >> not the case. it was actually google, the tech high flyer, that missed last night. that stock was indicated sharply lower this morning down about 8% after it came in with sales numbers that were lighter than expected on click through ads. the technology stocks all beat expectationses so that's where things will play out today on the nasdaq. we'll be watching tech stocks. >> maybe i'll find my commodore 64. maybe that will be valuable again. becky quick, thank you very much. >>> well, the republicans weren't the only ones campaigning yesterday. president obama released his first campaign out of the season responding to attacks on him for his early support of the failed solar panel maker. with me now is patrick gaspart, a former political director and now director at the democratic national committee. patrick, nice to see you. long time. >> great to see you, chuck. envious that you're in florida and i'm here in 20-degree weather. >> well, you know, we'll be back. it's always fleeting. let me start ou

i'm the vice president and practice for public sector strategy and innovation consulting ibm. we are pleased to be the industry partner for this important conference in the series which has gone on for longer than the year and on information sharing. today's conference, again is an important step to continuing the dialogue for the information sharing adapting and improving and expanding information sharing environment. in the years since the information sharing and fire that was established by the intelligence reform and terrorism prevention act of 2004 we have come a long way in terms of predicting and preventing incidents not to simply respond after the fact and we've done that by better sharing information, analyzing it and participating and presenting the incidents in no time. today's program aligned with ibm's longstanding commitment to support the nation's efforts to strengthen information sharing and improve global security. many members of the ibm team are going to be participating throughout the course of the day and we appreciate the opportunity to engage in these di

take this 1956 prototype made by ibm. it had 5 megabite capacity. compare that to this 16 gigabyte i-phone. it has 3200 times more storage. >> the challenge is still the atoms need to be at sub zero temperatures. abc7 news. >>> this afternoon a second bone marrow donor drive will be held for a four-year-old san mateo boy with a rare and potentially deadly disease. kyle crawford has a disease that makes it need a donor. he is half chinese and half caucasian, which makes is difficult to find a match because of a shortage of by racial donors in the bone marrow registry. last saturday nearly 600 people were tested in a drive at san mateio. today's drive will be held in san francisco at a free clinic on clayton street and goes from noon until three in the afternoon. >>> lisa is here to talk about the forecast. we are going to have a nice day. some people were feeling guilty about the nice weather. but you can forget about that because it's not forever. >> right. after today it's over. we are talking about subtle changes and then rain the middle portion t