you too, tom. >> tom: good night, susie. i'm tom hudson. have a good weekend everyone, we'll see you again next week. "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. >>

good night, everyone, and good night to you, tom. >> tom: have a great evening, suzanne. thank you so much for watching. we hope to see you right back here tomorrow evening. there is a world of investment opportunities out there. spotting them takes experts on the ground. assessing potential firsthand. templeton, a pioneer in global investing for over 50 years. gain from our perspective. >> announcer: and by exxon-mobil. this program is made possible by contributions to your pbstatio pbs station frm 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.

good-night everyone, and good- night to you too, tom. >> tom: good-night, susie. i'm tom hudson. good-night everybody. we'll see all of you again tomorrow night. "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 captioned by media access group at wgbh access.wgbh.org

jersey shore's second season premieres thursday night. >> tom: and tom, as you can imagine, it was a bit of a "situation" here on the floor, with lots of traders snapping pictures of the cast that's famous for being famous. clearly no better illustration that they clearly have arrived on the scene. >> that's "nightly business report" for stiew.d, july 27th, i'm susie gharib, have a good night. >> tom: have a great evening, susie. i'm tom hudson. thank you for joining us. we hope to see you right back here torment. tomorrow night chargers "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.

and that's tonight's "market focus." >> tom: with the u.s. economic outlook calling for slow growth, many companies are looking overseas to fuel future profits. but making a buck in a foreign land doesn't necessary translate into a dollar back home. tonight's "street critique" guest is wolfgang koester. he's c.e.o. at fireapps, a firm that works with companies to manage their exposures to the ups and downs of the dollar. >> good to see you again, tom. >> tom: what do you think the currency environment is for a company doing business overseas? >> it is volatile, and quite, frankly, in the last five years have been the most volatile and most challenging for these corporations. which is a bit of a shame because of lot of the corporations, as we see through the earnings, have been doing a good job managing their companies through the economic, but they're getting impacted by what they don't neat to be getting impacted by. >> tom: the volatility, marked by a strengthening of the dollar against the euro. here are three companies that faced this cha

tom, recognizing that globaoilis a global economy. certainly what is going on in china makes any oil, no matter where, trade to the market price. oxy is in a great position to enjoy that. >> tom: pepsi is another one of your choice. what makes you like pep? >> it's reliable. it's got a great dividend, and it actually sells more chips than money off of their beverages, so you've got to like that. >> tom: frito lay, not pepsi. any exposures? >> i hold them in mutual mutual funds, but i hold into individual stocks. >> susie: that's "nightly business report" for friday, july 23. i'm susie gharib. good-night everyone and have a great weekend. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you.

>> tom, i'm not necessarily betting against the market. what we really believe is a matter of risk management. so roughly a month ago, right at the beginning of june, we decided to really take our risk exposure down by taking stocks and other high volatility assets down and we raised a fair amount of cash in short-term bonds. >> tom: why don't you think the risk in a stock market at this point in time is worth a potential reward in the weeks, months, and quarters to come? >> well, you know, really everything in the market revolves around the economy and economic policies. and given we have this $2 trillion stimulus package pretty much winding down, the fact remains that the economic uncertainties surrounding continued growth are still out there. and i would have liked to have seen a much stronger patient, if you will, before taking it off life support. >> tom: we are seeing, however, corporate earnings generally look pretty decent. clearly some disappointment hit the tape today as we mentioned earlier in the program. but as you look out to

i'm tom hudson. have a great night. >> susie: take care, tom. i hope to see all of you again tomorrow night. nightly business report is made possible by.... >> there's a world of investment opportunities out there. spotting them takes ex-pers on the ground. assessing potential firsthand. templeton. a pioneer in global investing for over 50 years. gain from our perspective. >> and by exxon mobile. this program is is 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

: i'm tom hudson, good- night everyone and good-night to you too susie. >> susie: good-night tom. i'm susie gharib. goodnight everyone. "nightly business report" is made possible by: 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.

tom, president obama was counting on this bill to create jobs. >> tom: susie, the legislation also would have provided $12 billion dollars in tax breaks, but opponents argued it was just another expensive program packed with extra spending. >> susie: this impasse affects out-of-work americans, and small firms, which employ half of all american workers. many of those companies have not been hiring. erika miller introduces us to two business owners with different reasons for holding back. >> reporter: jewelry designer bonnie riconda say she's one of the fortunate small business owners. sales at her company, calico juno designs, have not gotten hammered in the midst of a weak economy. she works out of a studio in the back of her store, on city island in the bronx. >> in terms of sales we are remaining steady, which is really, really good, especially in a business where it's not a necessity. >> reporter: riconda says she often needs extra help, but is hesitant to boost payrolls until sales pick up. on the other hand, she recognizes it will take time to find the right worker and weeks to trai

good night, everyone, and good night to you, too, tom. >> tom: good night, susie. i'm tom hudson. good night, everybody. we hope to see all of you again, right here 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

tavis: i think tom petty is still cool. the new project from tom petty and the heartbreakers is called mojo. >> it's an honor to be here. >> thank you so much. that is our show for tonight. catch me on the weekends on p.r.i. you can access our shows on a podcast. good night, and as always, keep the faith. ♪ >> for more information on today's show, v plus kevin eubanks. that is next time. we will see you then. >> all i know is his name is james, and he needs extra help with his reading. >> i'm james. >> yes. >> to everyone making a difference. >> thank you. >> you help us all look better. >> nationwide insurance proudly supports tavis smiley. tavis and nationwide insurance, working to improve literacy and the economic empowerment that comes with it. >> and by contributions to your pbs station from viewers like you. thank you. ♪ (raggs) ♪ pawsuuup, everybody ♪ diddy-do-wah-day ♪ the raggs kids club band is coming down your way ♪ ♪ we've got a song to sing ♪ we got something to say ♪ the raggs kids club band

. >> tom: a change at the top? it looks like embattled b.p. c.e.o. tony hayward is on the way out and an american, robert dudley, is on the way in. >> susie: but will that change be enough to give b.p. a new start and a new strategy for the disaster in the gulf? you're watching "nightly business report" for monday, july 26. 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. b.p. could soon have a new boss. there are reports that tony hayward will step down as c.e.o. in october. tom, the man expected to move into that job is robert dudley. he's been overseeing the spill operations in the gulf of mexico. if he gets the job, he'll be the first american to run the british oil giant. >> tom: susie, b.p. stock surged almost 5% on the rumors. reportedly, b.p.'s board met today to discuss the management change and is expected to make a

tavis: i think tom petty is still cool. the new project from tom petty and the heartbreakers is called mojo. >> it's an honor to be here. >> thank you so much. that is our show for tonight. catch me on the weekends on p.r.i. you can access our shows on a podcast. good night, and as always, keep the faith. ♪ >> for more information on today's show, v plus kevin eubanks. that is next time. we will see you then. >> all i know is his name is james, and he needs extra help with his reading. >> i'm james. >> yes. >> to everyone making a difference. >> thank you. >> you help us all look better. >> nationwide insurance proudly supports tavis smiley. tavis and nationwide insurance, working to improve literacy and the economic empowerment that comes with it. >> and by contributions to your pbs station from viewers like you. thank you.

tom sweeney. third place, amateur category. tom? >> third place winner goes to kblx. let's hear it for kblx. right. congratulations. congratulations. thanks, tom. >> go away. now second place, ladies and gentlemen. from triple-a. matt newcomer. all right, matt, who is our second place winner in the amateur category? >> our second place winner is the team from abc 7. >> abc 7 come and get it! couple of words? >> thank you so much. if you watch abc 7 at 3:00 p.m. um see this trophy on tv. >> ok, excellent. all right. and to announce the first place winner, mr. wes tyler of union square. wes? big mystery. who's the winner. >> by the process of elimination, it's koit! >> koit. mr. scotty bastopol for the third year in a row. love this city. thank you. >> runners up. the 47th not -- annual cable car bell ringing competition, no particular order, mr. trini whitaker. sullivan philips. ken lunardi. and joseph hsu. come up and get your trophies. thank the judges. [laughter] now it's time for wh

tom sweeney. third place, amateur category. tom? >> third place winner goes to kblx. let's hear it for kblx. right. congratulations. congratulations. thanks, tom. >> go away. now second place, ladies and gentlemen. from triple-a. matt newcomer. all right, matt, who is our second place winner in the amateur category? >> our second place winner is the team from abc 7. >> abc 7 come and get it! couple of words? >> thank you so much. if you watch abc 7 at 3:00 p.m. um see this trophy on tv. >> ok, excellent. all right. and to announce the first place winner, mr. wes tyler of union square. wes? big mystery. who's the winner. >> by the process of elimination, it's koit! >> koit. mr. scotty bastopol for the third year in a row. love this city. thank you. >> runners up. the 47th not -- annual cable car bell ringing competition, no particular order, mr. trini whitaker. sullivan philips. ken lunardi. and joseph hsu. come up and get your trophies. thank the judges. [laughter] now it's time for what you've been waiting for, third place, ladies and gentlemen, mr. howard woo. howar

and other lobbyists that surrounded tom delay. it is not easy to get behind the scenes and learn what is really transpiring. jack abramoff was a good lobbyist, doing fairly commonplace things in washington. those included creating shell corporations and other institutions, groups whose financial ties are obscure so that he could play in washington and not leaving fingerprints and traces. as i said, it was a trove of private e-mail that really made the difference, access to private communications n his case, that helped us learn what was going on. but what he did and did well was to try to hide the ways in which his money was producing what this letter results. -- producing legislative results. and that is what we are all about. as reporters, nonprofits, as advocates that share to desire to see this information splashed in the public domain, we are all trying to make sure the people know what is happening. >> jim grimaldi. >> let me defer for a moment on another subject. has to do with a journalist's role. you were a finalist for a

the whole time you're meeting with him you're like, tom hanks, tom hanks, that's tom hanks, tom hanks! but then i went over to the, you know, i did the table read and that was interesting. >> jimmy: that's where you sit with the other actors and just read through the script. >> that's when it got, okay, this is serious. i walk in and it's julia roberts an brian cranston and tom hanks and rita wilson and everyone is there and everyone either has three emmys or four oscars. i didn't feel that intimidated, because i have three teen choice awards. so it wasn't that big of a -- [ applause ] >> jimmy: you brought them with you? >> brought them with me just so they know. >> jimmy: yeah. you might want to have them mounted on the hood of your various cars. not a bad idea. >> i do. >> jimmy: this movie, this new movie, this is not a comedy, right? >> no, it's not a comedy. it's a really serious movie called "the dry land," and about at american soldier that comes back from iraq and suffers from posttraumatic stress. i'm very involved with the issue, and we -- >> jimmy: you go to a lot of these

lobbyists that surrounded tom delay. it is not easy to get behind the scenes and learn what is really transpiring. jack abramoff was a good lobbyist, doing fairly commonplace things in washington. those included creating shell corporations and other institutions, groups whose financial ties are obscure so that he could play in washington and not leave fingerprints and traces. as i said, it was a trove of private e-mail that really made the difference, access to private communications in his case, that helped us learn what was going on. but what he did and did well was to try to hide the ways in which his money was producing legislative results. and that is what we are all about. as advocates that share the desire to see this information splashed in the public domain, we are all trying to make sure the people know what is happening. >> let me defer for a moment on another subject. it has to do with a journalist's role. you were a finalist for a pulitzer prize for the abu ghraib stories. >> we were looking at the events th

secretary tom vilsack took all the blame. he said the buck stops with him and he's offered her a new job. >> i didn't take the time. i should have. and as a result, a good woman has gone through a very difficult period. >> this story combines race, politics and media. it involves a black woman who was at first labeled a racist right before we learned she was anything but. it sounded like she was out to hurt a white family until we found out she saved their farm and became a hero to them. we begin our reporting tonight with our chief white house correspondent chuck todd. chuck, good evening. >> reporter: good evening, brian. what started out as a simple speech about racial healing by shirley sherrod ended with apologies all around from the white house and the full obama administration. >> this is a good woman. she's been put through hell. and i could have done and should have done a better job. >> reporter: a humbled agriculture secretary, tom vilsack, took full responsibility for the fires. >> these types of decisions require

lobbyists that surrounded tom delay. it is not easy to get behind the scenes and learn what is really transpiring. jack abramoff was a good lobbyist, doing fairly commonplace things in washington. those included creating shell corporations and other institutions, groups whose financial ties are obscure so that he could play in washington and not leaving fingerprints and traces. as i said, it was a trove of private e-mail that really made the difference, access to private communications in his case, that helped us learn what was going on. but what he did and did well was to try to hide the ways in which his money was producing what this letter results. and that is what we are all about. as advocates that share to desire to see this information splashed in the public domain, we are all trying to make sure the people know what is happening. >> let me defer for a moment on another subject. has to do with a journalist's role. you were a finalist for a pulitzer prize for the of the great stories. -- for the abu ghraib stories.

>> i think i would agree with tom. it seems that much of the intellectual energy is on what's characterized as a conservative wing of the court. and you can see there are a number of interesting debates amongst the conservative justices. so for example in the mcdonald case which dealt with handgun and whether the second amendment should be incorporated against the state, there were four justices who wanted to decide that question on substantive due process grounds and justice thomas concurred in the opinion and suggested it should be decided on privileges and immunities ground. which is really which i think displays a lot of intellectual energy when are you willing to talk about a doctrine that has been moribund for some 100 years. >> brown: paul butler where does that leave the justices we refer to as the liberal justices? trying to hold on to territory rather than pushing things their way or what? >> yes, jeff, and maybe hoping that justice kagan is going to come in and shake things up, provide some energy. you know,

at the age of 80 tom bradley died on september 29, 1998. he was survived by his late wife, ethel bradley, and their two daughters, lorraine and fillis. -- phyllis. the city of los angeles will never have a mayor that has served as long as tom bradley and have the type of impact and influence he commanded. for this congress to give tom bradley this honor would be fitting due to his life's work as a public servant working to bring justice and prosperity to all citizens of los angeles. and i proudly, mr. speaker, would like all of you to know tom bradley followed my father who was a police officer in los angeles and he was proud to say that he helped to train him. mr. speaker, i urge my colleagues to support h.r. 5450. i yield back the balance of my time. thank you very much. the speaker pro tempore: the gentlelady yields back her time. the gentleman from utah. mr. chaffetz: mr. speaker, i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. chaffetz: thank you, mr. speaker. i rise today in support

just the incredible job that tom and his crew did. we are going to be making his public service announcement available to public defenders all over the state and all over the country. we are going to be rolling it out in the next couple of weeks, so you can watch it on your to. we have lunch for you in the next room over. the eligibility of hispanic room is on the same level. simply walk over in that direction, and we'll be back here right at -- 1:15 or 1:30? right at 1:30. so we see that we have one>> go, and welcome back. hope everybody had a nice lunch break. it is now my pleasure to introduce a managing attorney of the public defender's office reentry unit. she is in charge of overseeing the work that we do in helping clients and former clients get back on their feet and lead productive lives. part of her job is overseeing the program was started 10 years ago that helps individuals clear their criminal records. the clean slate program. [applause] >> good afternoon, and welcome back. i am with the public defender's office, and i do