president obama, meanwhile, is in south korea, day 7 of his asian trip. he had some tough talk for the north on this veterans day, but on the issues of job, trades, and taxes, it was a day of disappointment and confusion. chip reid who is traveling with the president in seoul explains. >> reporter: in south korea, the president saluted veterans of the korean war and the 28,000 u.s. troops who still stand guard here today against a hostile nuclear armed north korea. >> the united states will never waiver in our commitment to the security of the republic of korea. we will not waiver. >> reporter: but that moment of national pride was followed by disappointment, a press conference that was supposed to be a celebration of a free trade agreement with south korea fell flat. the talks continued to drag on. >> we don't want months to pass before we get this done. we want this to be done in a matter of weeks. >> reporter: the sticking point-- cars. last year, south korea exported 476,000 cars to the u.s., but imported only 6,000 american cars. so far, south korea

president obama suffers one setback after another on his asian trip. i'm katie couric. also tonight, taking on the drug lords. an exclusive interview with mexico's president, fighting on in a war many believe is unwinnable. plus, ruby bridges. her lonely walk to school, the rockwell painting she inspired, and her emotional reunion with a classmate 50 years later. captioning sponsored by cbs from cbs news world headquarters in new york, this is the "cbs evening news" with katie couric. >> couric: good evening, everyone. it seemed like the perfect remedy for a presidency left bruised by the midterm elections. a ten-day, four-nation trip to asia, a chance to set the agenda on the world stage. and announce new agreements that would boost job creation back home. but things have not worked out that way for president obama. in summing up the trip he said today "instead of hitting home runs, sometimes we're going to hit singles." chip reid is traveling with the president in japan. >> reporter: president obama arrived at the g-20 economic summit confident that his top priority--

president obama suffers one setback after another on his asian trip. i'm katie couric. also tonight, taking on the drug lords. an exclusive interview with mexico's president fighting nona war many believe is unwinnable. plus, ruby bridges. cher lonely walk to school, the rockwell painting she inspired, and her emotional reunion with a classmate 50 years later. captioning sponsored by cbs from cbs news world headquarters in new york, this is the "cbs evening news" with katie couric. >> couric: good evening, everyone. it seemed like the perfect remedy for a presidency left bruised by the midterm elections. a tent-day four-nation trip to asia a chance to set the agenda on the world stage. and announce new agreements that would boost job creation back home. but things have not worked out that way for president obama. in summing up the trip he said today "instead of hitting home runs, sometimes we're going to hit singles." chip reid is traveling with the president in japan. >> reporter: president obama arrived at the g-20 economic summit confident that his top priority-- a f

president obama, meanwhile, is in south korea, day seven of his asian trip. he had some tough talk for the north on this veterans day, but on the issues of job, trades, and taxes, it was a day of disappointment and confusion. chip reid who is traveling with the president in seoul explains. >> reporter: in south korea, the president saluted veterans of the korean war and the 28,000 u.s. troops who still stand guard here today against a hostile nuclear armed north korea. >> the united states will never waiver in our commitment to the security of the republic of korea. we will not waiver. >> reporter: but that moment of national pride was followed by disappointment, a press conference that was supposed to be a celebration of a free trade agreement with south korea fell flat. the talks continued to drag on. >> we don't want months to pass before we get this done. we want this to be done in a matter of weeks. >> reporter: the sticking point- - cars. last year, south korea exported 476,000 cars to the u.s., but imported only 6,000 american cars. so far, south korea

later tonight, the president heads for indonesia where he'll continue his campaign to open asian markets to u.s. goods. for the president, it's also a homecoming. he lived in indonesia for four years as a child until the age of 10. chip reid, cbs news, new delhi, india. >> couric: meanwhile, here at home, it was a horrifying crime. a home invasion and triple murder in cheshire, connecticut. today the jury that convicted steven hayes voted unanimously for the death penalty. hayes was one of two men charged with murdering jennifer hawke petit and her daughters, 17- year-old haley and 11-year-old mikaila. the attackers robbed and terrorized the family in july of 2007 then set the home on fire. the father, dr. william petit, was also beaten and barely survived. following the verdict, he spoke outside court. >> this is a verdict for justice and i think the jury took its time, listened to the evidence and made an appropriate and just decision. people really need to be responsible for their actions, especially when they're viciously violent and create wanton destruction. i didn't want to be her

in other news, just days after returning from his asian trip, president obama flew to portugal today for a nato summit, this time the president was able to announce two agreements. the allies say they will support his plans for a new missile defense system for europe. nato is also backing the nuclear missile reduction treaty with russia. the president is still pressing the senate to ratify it. but afghanistan dominated today's discussions. the u.s.-led coalition is said to be making military progress and national security correspondent david martin tells us they'll soon have some new fire power to add to their arsenal. >> reporter: the american troop surge is about to pack a bigger wallop. early next year, marines in southern afghanistan will have a company of tanks with which to pursue the taliban. that's only 15 tanks, but retired general jack keane, a confident of general david petraeus, thinks it's just the beginning. >> it may be the lead company of more tanks to follow. >> reporter: the first use of tanks in afghanistan is part of what an aid to petraeus calls squeezing down on

nations, especially asian nations, study our politics closely and, frankly, they know the president's in a weakened position and they simply took advantage of it. that's why the president got totally blindsided and there was no trade agreement with south korea as had been expected. but i have to say this: if it was bad over this there this week, it may be worse next week when this current congress comes back for this special session to deal with those extensions of the bush tax cuts. right now, katie, i think the outlook for getting that done is pretty grim. >> couric: all right. bob schieffer. bob, as always, thanks so much. and, by the way, bob's guests on "face the nation" this sunday include republican senator elect rand paul and democrat senator chuck schumer. now to a serious and growing problem for the u.s. military: : combat stress. nearly 70,000 americans who served in iraq or afghanistan have been diagnosed with p.t.s.d., post-traumatic stress disorder. many more may suffer from it but are just too reluctant to come forward. our chief investigative correspondent armen keteyi

an elderly white man, but on the way to vancouver he went into the bathroom and came out as a young asian man. canadian authorities say it was an elaborate disguise to try and get refugee status in that country. the passenger, who's been detained, reportedly got through security by switching boarding passes with another man. and coming up next, these runners say "even if the shoe fits, don't wear it." bone strength. e your like bone-healthy exercises that are easy to do. boniva works with your body to help stop and reverse bone loss. and myboniva gives you calcium-rich recipes... monthly reminders... and even a month of boniva, free. so call or go to myboniva.com and sign up now. ( announcer ) don't take boniva if you problems with your esophagus, low blood calcium, severe kidney disease, or can't sit or stand for at least one hour. follow dosing instructions carefully. stop taking boniva and tell your doctor if you have difficult or painful swallowing, chest pain or severe or continuing heartburn, as these may be signs of serious upper digestive problems. if jaw problems or severe bone,

today he flew from india to jakarta, the second of four nations he'll visit on his asian trip. but he has to cut it short so air force one can avoid the ash cloud from the mount merapi volcano that's closing in on jakarta. our chief white house correspondent chip reid is traveling with the president. >> reporter: the president arrived in jakarta today for a brief visit that's part diplomacy, part homecoming. >> when you visit a place that you spent time in as a child, as president it's a little disorienting. >> reporter: the future president lived here with his mother, his indonesian stepfather and half sister from the time he was six years old until he was 10 when he returned to hawaii. he attended two schools here, one roman catholic for about three years, then for one year a state school where most students were muslims. his headmaster at the time remembers young barry, as he was known then, very well. >> place of birth, honolulu. august 4, 1961. the nationality, indonesian. and religion islam. >> reporter: he identified himself as a muslim because that was his stepfather's

in other news, just days after returning from his asian trip, president obama flew to portugal today for a nato summit. this time the president was able to announce two agreements. the allies say they will support his plans for a new missile defense system for europe. nato is also backing the nuclear missile reduction treaty with russia. the president is still pressing the senate to ratify it. but afghanistan dominated today's discussions. the u.s.-led coalition is said to be making military progress, and national security correspondent david martin tells us they'll soon have some new firepower to add to their arsenal. >> reporter: the american troop surge is about to pack a bigger wallop. early next year, marines in southern afghanistan will have a company of tanks with which to pursue the taliban. it's only 15 tanks, but retired general jack keane, a confidant of general david petraeus, thinks it's just the beginning. >> it may be the lead company of more tanks to follow. >> reporter: the first use of tanks in afghanistan is part of what an aide to petraeus calls squeezing down on

. >>> on the"cbs moneywatch," asian markets reacted positively to job news in the u.s. ashley, good to see you. good morning. >> good to see you, terrell. good morning, as well. asian markets staged another big rally today the nikkei rose over 1 percent hitting a throw-months high and the hang sang is up just a fraction. >>> today, wall street gets chrysler's third quarter earnings. stocks start out the week at a two-year high after last week's big gains both the dow and nasdaq added almost 3%. two million out-of-work americans could lose unemployment benefits next month when federal funding for it that's when federal funding for long-term unemployment insurance expires. congress is expected to discuss extending those benefits when lawmakers return to washington later this month for a lame duck session but analysts say an extension may hinge on whether lawmakers can agree on extending tax cuts to all americans. >>> don't hold your breath waiting for air fares to come down anytime soon. "usa today" is reporting domestic fares are up an average of 17% this holiday season

a rally for asian markets. japan's nikkei gained a fraction hitting a five-month closing high, while hong kong's hang seng ended down a fraction. wall street ends the week after major gains. yesterday, the dow shot up 173 and the nasdaq added 38. president obama says the early success of gm's public stock offering shows the $50 billion taxpayer-backed rescue program is paying off. general motors stock began trading yesterday when the administration stepped in to save gm there were many critics. the public offering reduced the government's stake in the auto giant from 61% to about 36%. >>> a bill to extend jobless benefits to some two million long-term out of work americans failed in the house yesterday. the current extension enacted this summer runs out december 1st. speaker nancy pe lows says she will introduce the measure shortly. >>> the senate passed a measure delaying a massive cut in medicare payments to doctors, threatening not to take new medicare patients if the cut goes through. the 23% cut is schedul

on the "cbs moneywatch" a mixed day for asian stocks. ashley morrison is in new york with much more on that. good morning, ashley. >> good morning to you, betty. asian markets saw early gains before a sell-off japan i's nikkei managed to add one percent and hong kong's hang seng fell nearly one percent. on wall street, investors hope for a new start after the market had its biggest weekly drop in three months. last week, the dow was down more than 2%, while the nasdaq also shed more than 2%. >>> the irs has issued new requirements for tax preparers, more than 60% of this year's returns will be put together by a tax preparer. those who are not cpas, lawyers or irs enrolled agents will have to pass a competency test and meet annual continuing education requirements. >>> the size of the average house is shrinking. according to the real estate site trulia, the median-size home is now about 2100 square feet, down some 200 square feet from 2007. >>> if you think those reusable grocery bags are environmentally friendly, listen to this. turns ou

a rally for asian markets. japan's nikkei gain ad fraction hitting a five-month closing high and hong kong's hang seng ended down a fraction. yesterday, the dow shot up 173 and the nasdaq added 38. president obama says the early success of gm's public stock offering shows the $50 billion taxpayer-backed rescue program is paying off. general motors stock began trading yesterday when the administration stepped in to save gm there were many critics. the public offering reduced the government's stake in the auto giant from 61% to about 36%. >>> a bill to extend jobless benefits to some two million long-term out of work americans failed yesterday. the current extension enacted this summer runs o out december 1st. the speaker pelosi says she will introduce the measure shortly. >>> the senate passed a measure delaying a massive cut in medicare payments to doctors, threatening not to take new medicare patients if the cut goes through. the 20% cut is scheduled to go into effect december 1st. the only thing would change

most asian markets saw gains today. japan's nikkei rose nearly 1% the european union and international monetary fund agreed late sunday to bail out ireland. the three-year package will help cover ireland's massive deficit and prop up banks. >>> wall greet gets earnings from hewlett packard today. for the week the dow was up a fraction while the nasdaq lost a hair. >>> investors focus this week retail sales and traditional kickoff to the holiday shopping season black friday. so far americans have spent a bit more this month than they did this same time last year. the big question for most retailers is whether all of those deep discounts and deals for free shipping will keep shoppers buying throughout the rest of the season or if the early start will dilute sales. >>> it could be a rough holiday season for some on wall street. according to "the wall street journal" federal authorities are preparing insider trading charges against wall street bankers, traders and analysts. the paper says a federal grand jury has heard evid

. >> most asian markets saw gains today. japan's nikkei rose nearly 1% while hong kong lost. a three-year package will cover ireland's massive deficit and prop up banks. >>> wall street gets earnings from hewlett packard today. for the week the dow was up a fraction while the nasdaq lost a hair. >>> investors focus this week retail sales and traditional kickoff to the holiday shopping season black friday. so far americans have spent a bit more this month than they did this time same last year. the big question for most retailers is whether all of those deep discounts and deals for free shipping will keep shoppers buying throughout the rest of the season or if the early start will dilute sales. >>> it could be a rough holiday season for some on wall street. according to "the wall street journal" federal authorities are preparing insider trading charges against wall street bankers, traders and analysts. the paper says a federal grand jury has heard evidence and the three-year criminal and civil investigation could result in charges by the end of the year. >>> media mogul rupert

asian markets inched up today, japan's nikkei added nearly half a percent to a four and a half-month closing high and hong kong's hang seng gained nearly 1%. today wall streets gets earnings from viacom and wednesday. -- disney. wednesday, stocks finished up after a rough start, the dow adding ten points and the nasdaq gained 15 and change. the market was helped by general motors, turning a third quarter profit of more than two billion dollars and should help attract investors as the company nears next week's initial public offering of stock. >>> good and bad news on the foreclosure front. numbers released overnight show they fell by 9% in october but experts say that drop is most likely due to fallout from the robo signing controversy that led many banks to temporarily freeze home seizures last month. october marked the 20th straight month foreclosures topped 300,000. lenders are on pace to seize more than one million homes this year. >>> walmart's escalating the holiday season retail wars. according to the "new york times" the world's largest retailer will begin offering free shipp

overseas asian markets edged up in light trading. japan's nikkei added half a percentage. hong kong's hang seng also closed higher. alexis christophorous has other business news. >> reporter: retailers hope you'll hit the stores before you've even had your thanksgiving feast. a growing number of retailers are open today to give consumers a jump-start on their holiday shopping. sears is open for business on this day for the first time in its 124-year history. other stores open for business today include kmart, old navy and toys "r" us. >>> well, traders are thankful for a fresh batch of encouraging economic news. applications for unemployment benefits are at their lowest level in about two years, incomes grew and consumers are spending more, but the housing market is not improving. new home sales fell 8% last month to a near record low. still, stocks managed to climb and the dow rose 151 points. the nasdaq was up 48. >>> in europe, more anger and fear over the debt crisis this week. striking workers shut down much of portugal. ireland proposed its deepest budget cuts in his

asian markets broke a losing streak. japan's nikkei added more than 2%, hitting a five-month high, while hong kong's hang seng also was higher nearly 2%. those gains could fuel wall street today. yesterday, the dow fell 15 points and the nasdaq added 6. >>> up to half the rolls royce engines used on a-380 super jumbo jets need to be replaced. one of the trent 900 engines on a qantas jet blew apart during a flight november 4th. this morning, the qantas chief executive said rolls royce says up to 40 of the engines on 20 planes need to be taken out of service. the planes are flown by qantas, singapore airlines and lufthansa. >>> the labor department says the consumer price index rose two-tenths of a percent last month. gasoline prices accounted for most of that increase but the cost of autos, clothing and hotels fell. >>> applications for home mortgages dropped last week. the mortgage bankers association says overall applications fell 14.4% and applications to refinance fell 16.5%. the decline in mortgage applications follo

asian markets slipped on fears of an interest rate hike by china. japan's nikkei lost nearly 2% while hong kong's hang seng dropped more than half a percent. today, wall street gets the latest on the housing market and consumer confidence. on monday stocks fell but a late-day comeback eased the pain. the dow ended up losing 39.5 points while the nasdaq gave back 9. >>> according to an interview in "forbes" magazine, wikileaks next target is an american bank. julian assange told the magazine he has damaging corporate documents from a bank that, when released, will, quote, find itself turned inside out. he did not identify the bank but said he plans to release the documents early next year. he also claimed to have damaging information on the pharmaceutical, energy and technology industries. >>> the government's $700 billion financial rescue is actually costing taxpayers just a fraction of that. according to the congressional budget office, the government has recovered enough money so that taxpayers should be on the hook for just about $25 billion. tha

asian markets dropped amid worries about europe's financial stability. hong kong's hang seng finished down more than 2.5% while japan's nikkei was closed. today wall street gets the fed's latest measure of just how much the economy is growing as well as a new report on home sales. on monday, stocks finished mixed. the dow lost 25 points, while the nasdaq finished up almost 14. the fbi has raided the offices of three hedge funds as part of a major investigation into alleged insider trading. the three raids in new york city, connecticut, and boston took place on monday. "the wall street journal" says the companies earned tens of millions of dollars in illegal profits using insider information concerning mergers. >>> the government is concerned a full investigation into whether the 2005 honda accord hybrid is prone to unintended acceleration. that follows a deadly crash in 2005 in which the driver claims the vehicle lost braking power, then sped out of control. similar complaints led to the massive toyota recalls. >>> nissan's new electric car, the leaf, de

asian markets saw big profit taking today japan's nikkei fell nearly 1.5% while hong kong's hang seng dropped almost 2%. today, wall street gets the latest on consumer sentiment. thursday stocks dropped after a disappointing report from chris co losing almost 74 points, while the nasdaq was down 23. the government's getting serious about protecting privacy on the internet. the "wall street journal" reports the obama administration will call for new laws and the creation of a new government position to oversee the stepped-up approach. the new strategy is expected to be unveiled by the commerce department in the coming weeks. >>> nissan is recalling more than half a million vehicles in the u.s. over possible steering problems. the recall involves 2002 through 2004 frontier pickups and xterra suvs. the automakers a corrosion problem in the steering column could make the vehicles difficult to drive and recalling almost 20,000 sentra sedans over a battery problem no. injuries or crashes reported because of either issue. the company says owners will be notified in december and repairs made

some asian markets got a boost on the dollar's strength. japan's nikkei rose nearly 1.5%, hitting a four-month high, while hong kong's hang seng lost nearly 1%. >>> today, wall street gets third quarter earnings results from general motors. tuesday, stocks slipped from the start and never bounced back. the dow gave back 60 points, while the nasdaq lost 17. >>> more than 21 million taxpayers will be happy to hear of at least one agreement on capitol hill. leaders from both parties are promising to spare them from the dreaded alternative minimum tax by adjusting the tax before the end of the year. the tax was enacted in 1969 to make sure higher-income taxpayers couldn't avoid paying uncle sam but was never adjusted for inflation. >>> google's search service will soon let you preview your search results. users will be able to see previews of websites before clicking on them. that way, you can skip sites that obviously aren't what you're looking for. to see the previews, just click on the magnifying glass next to each search result. google's al

asian markets broke a losing streak, japan's nikkei added more than 2% hitting a five-months hil and hong kong's hang seng also was higher nearly 2%. though gains could fuel wall street today. yesterday, the dow fell 15 points and the nasdaq added 6. >>> up to half the rolls royce engi enginesed why on a-380s need to be replaced. one of the trent 900 engines on a qantas jet blew apart during a flight november 4th. this morning the qantas dheef executive said rolls royce says up to 40 of the engines on 20 planes need to be taken out of service. the planes are flown by qantas, singapore airlines and lufthansa. >>> the labor department says the consumer price index rose two-tenths of a% last month. gasoline prices accounted for most of that increase but the cost of autos, clothing and hotels fell. >>> applications for home mortgages dropped last week. the mortgage bankers association says overall applications fell 14.4% and applications to refinance fell 16.5%. the decline in mortgage a indications follows a jump in mortgage rates due to stronger economic data. >>> and toyota plans to s

asian markets saw big profit taking today. japan's nikkei fell nearly 1.5%, while hong kong's hang seng dropped almost 2%. today, wall street gets the latest on consumer sentiment. thursday, stocks dropped after a disappointing sales outlook from tech giant cisco. the dow losing almost 74 points, while the nasdaq was down 23. the government's getting serious about protecting privacy on the internet. the "wall street journal" reports the obama administration will call for new laws and the creation of a new government position to oversee the stepped-up approach. the new strategy is expected to be unveiled by the commerce department in the coming weeks. >>> nissan is recalling more than half a million vehicles in the u.s. over possible steering problems. the recall involves 2002 through 2004 frontier pickups and xterra suvs. the automaker says a corrosion problem in the steering column could make the vehicles difficult to drive and recalling almost 20,000 sentra sedans over a battery problem. no injuries or crashes have been repo

asian markets staged a big rally. japan's nikkei jumped nearly 3%, ending its best week in a year, while hong kong's hang seng was also higher. wall street's focus will be the government's october jobs report. analysts expect the economy added just 60,000 jobs last month. the economy needs 100,000 a month just to keep pace with population growth. 200,000 are needed a month to really put a dent in unemployment rate, which is expected to hold steady at 9.6%. >>> wall street will also get the latest on home sales and consumer credit. stocks surged on thursday to a two-year high after investors bought into the fed's plan to boost the economy. the dow jumped 219 points, while the nasdaq gained 37. >>> toyota profits shifted into high gear, this morning the automaker reported a second quarter profit of more than $1.2 billion, quadruple what it was the same time last year. despite sales slowing down a bit here in the u.s. over lingering safety concerns, sales overseas remain very strong. starbucks sales are really percolatin

asian markets rallied to their highest level since june 2008, japan's nikkei shot up more than 2%, while hong kong's hang seng was also higher. today, wall street gets the october retail sales figures and a look at the weekly jobless claim numbers. wednesday stocks finished higher. the dow gained 26 points, closing at its highest point in two years, while the nasdaq added six. >>> federal reserve chairman ben bernanke is defending the central bank's decision to pump $600 billion into the economy, writing in today's "washington post" he says worries the plan could unleash inflation are overstated. yesterday, the fed announced its plan to buy the $600 billion in bonds hoping to loosen credit and spur spending. >>> auto sales are moving into high gear. new numbers show detroit's big three put in their strongest performance of the year last month. compared to october last year gm sales increased 3.5%, ford's shot up more than 19%, and chrysler's soared 37%. >>> gamers have a new home option this one is unplugged. microsoft's kinect goes on sale today. the $150 device plugs into the x box and

asian markets saw light trading today. japan's nikkei gained about one percent, while hong kong's hang seng rose more than one percent. stocks were helped by news of ireland's bailout. sunday, the eu agreed to give ireland $113 billion package. the prime minister called it the best available deal for ireland. saturday, 50,000 people in dublin protested the rescue plan and the government's austerity measures. >>> today, wall street tries to get back in the holiday spirit. friday's short session, the dow lost 95 points. the blue chips slipped about one percent for the week, and the nasdaq gave back eight. >>> this is kri ber -- cyber monday, the day online retailers traditionally mark as the heart of the holiday shopping season. a record 107 million people are expected to hit the web today for bargains. this year almost nine in ten online retailers are offering special deals including free shipping to get a piece of that action, electronics are expected to be the top seller. >>> comcast says it has restored internet service

asian markets got a lift after china reported growth in manufacturing. japan's nikkei bucked the trend and lost half a percent, and hong kong hang seng was mostly higher. >>> today, wall street gets the very latest on september personal income and spending report, as well as the latest on construction and manufacturing sectors. last week stocks finished mixed. the dow lost a fraction while the nasdaq added more than one percent. >>> despite the mixed week it was the best october for stocks in four years. every market index was up at least 3%, with the nasdaq gaining am 6%. for the first time since april, major indexes have now risen two months in a row. wall street is expecting big republican gains tomorrow when americans head to the polls for midterm elections. >>> the other big event this week for the market, the federal reserve meeting when the fed is expected to announce details about its bond-buying program meant to stimulate the economy. investors are concerned it will be too small to have a real impact on growth. >>> the end of the road for pontia

some asian markets got a boost on the dollar's strength. japan's nikkei rose nearly 1.5% hitting a four-month high while hong kong's hang seng lost nearly 1%. >>> today wall street gets third quarter earnings results from general motors. tuesday stops slipped from the start and never got back. >>> more than 21 million taxpayers will be happy to hear of at least one agreement on capitol hill. leaders from both parties are promising to spare them from the dreaded alternative minimum tax by adjusting the tax before the end of the year. the tax was enacted in 1969 to make sure higher-income taxpayers couldn't avoid paying uncle sam but was never adjusted for inflation. >>> google search service will soon let you preview your search results. users will be able to see previews of websites before clicking on them. that way, you can skip sites that obviously aren't what you're looking for. to seat previews, just click on the magnifying glass next to each search result. google's also giving an early holiday gift to its employees. tuesday the company

asian markets lost ground. japan's nikkei lost half a percent today after hitting a three-month high while hong kong's hang seng was down more than one percent. today wall street gets another round of corporate earnings. the rally ran out of steam. the dow slipped 37 points while the nasdaq added just one. >>> the word from the chairman of president obama's economic advisory board is not good. former fed chair paul volcker said he sees no short-term way to reduce unemployment, now holding at 9.6%. volcker also expects, quote, limited increases in economic activities for the next year or more. >>> americans are borrowing less and paying off more debt. the federal reserve bank of new york says americans have paid off nearly $1 trillion in debt over the past two years. the number of open credit card accounts is down more than 20%. economists say tighter credit and voluntary changes in consumer behavior are responsible for those reductions. >>> well, google is offering free wi-fi to passengers on airtran, delta, an

asian markets climbed as election results in the u.s. continue to trickle in. hong kong's hang seng was higher most of the morning, and japan's nikkei index was closed. >>> today wall street showed the fed's the latest plans to spark the economy. besides leaving interest rates near record lows, the central bank is expected to announce a $500 billion program to buy back government bonds. the idea is the injection of cash will loosen credit and increase spending by both businesses and consumers. but, most economists don't believe the plan is big enough to do much good. stocks begin the day at six-month high after the market rallied tuesday. the dow jones, 64 points, the nasdaq gained 28. >>> the republican takeover of the house was good news for wall street. historically, the s&p 3500 rallied an average of 15% in years when the president was a democrat and there was a republican majority in congress. >>> with midterms out the of the way the fate of bush-era tax cuts will take center stage when congress recovers in a couple of weeks. president obama and the democr

asian markets inched up today, japan's nikkei added nearly half a percent to a four and a half-month closing high and hong kong's hang seng gained nearly 1%. today wall streets gelts earnings from viacom and wednesday. wednesday stocks finished up after a rough start adding ten points and the nasdaq gained a 15 and change. the market was helped by general motors turning a third quarter profit more than two billion dollars and should help attract investors as the company nears next week's initial public offering of stock. >>> good and bad news on the foreclosure front. numb numbers released overnight show they fell by 9% in october but experts say that drop is most likely due to fallout from the robo signing controversy that led many banks to temporarily freeze home seizures last month. october marked the 20th straight month foreclosures topped 300,000. lenders are on pace to seize more than one million homes this year. >>> walmart's escalating the holiday season retail wars. according to the "new york times" the world's largest retailer we begin offering free shipping thursday via it

asian markets were cautious ahead of midterm elections here at home. japan's nikkei gained a fraction while hong kong's hang seng was also mostly higher. today wall street gets october sales figures from the automakers. on monday stocks touched their highest levels of the year before finishing about where they started the day off. the dow gained six points while the nasdaq lost 2 1/2. >>> the federal reserve opens its two-day meeting this morning in washington. they're all but certain to launch new efforts to try and boost the economy. analysts are expecting the fed to buy back more government bonds to try and help jump-start spending. but many worry the buyback program isn't big or bold enough, and won't do enough to help. >>> bp is back in the black. this morning the oil giant announced a third quarter net profit of $1.8 billion. despite spending almost $8 billion in the past three months in the wake of the gulf oil spill. there was a big return to profitability for bp. in the second quarter, the company lost $17 billion. >>> well, t-mobile is adding

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