boeing getting into the space tourism business and looking for potential passengers, right now with the shuttle program winding down next year, the white house wants the private sector to pick up the slack and boeing's announcement could be one giant leap in that direction. here it is, that's the crew, space transportation 100, and this is designed for a space capsule that theoretically could begin taking space tourists, along with astronauts, up into orbit in the next five years. the capsule refers to the 100-kilometers the shuttle could trave, that's only 52 miles up, and it's only low earth orbit but sounds cool, doesn't it? boeing and others have been working on this ever since getting federal award money as part of the economic stimulus package that was passed last year, so these are your tax dollars diverted from traditional nasa budgets and being

in response to airbus, boeing is taking a tough line. it says contact of the government level as possible. otherwise, the time for debate is over. >> the markets will get into those shortly. good news for the british economy. the unemployment rate in britain has fallen slightly by 0.1% did in the three months to july, a jump of 286,000 gaining work. one story today for the markets is japan intervening in the foreign-exchange market. of course, the exporters are really liking that. honda, sony, and cannon are up. all eyes are on u.s. production numbers out later today. that's it. >> thank you. tony hayward, the former chief executive of bp, will face questions about the gulf of mexico oil spill. it is trying to find out whether safety rules need to be changed. our business correspondent. >> explosion on the deep water horizon oil rig killed 11 men and caused the worst oil spill in american history. tony hayward gave u.s. lawmakers an opportunity to express their anger. since the congressional hearing, bp has given its own detailed explana

." >> susie: boeing could feel some turbulence tomorrow from the world trade organization. it's expected to rule that huge subsidies paid to boeing from nasa and the pentagon since the early 1990s are illegal. the international trade group has made seven similar rulings on tax breaks given to boeing. the panel is expected to do it again in a 1,500 page report released tomorrow. the timing is crucial. boeing and airbus are competing for a deal worth up to $50 billion to sell an aerial refueling tanker to the u.s. air force. >> tom: as we saw with the august retail sales results, consumers turned out for back- to-school shopping, drawn by last minute discounts. now, retailers are gearing up for their most important season of the year. tonight's "word on the street" is "holiday." gregg greenberg is a reporter at thestreet.com. he joins us from the nasdaq. >> tom: welcome back to n.b.r., gregg, nice to see you. >> always great to be here. >> tom: what kind of shape is the retail industry in as we head into the fourth quarter? >> well, over the last month, let's call it, retail

. >>> boeing says it's planning to offer private citizens a chance to supply into space on a commercial rocket that is developing. the spacecraft, which can carry up to seven people, is expected to be ready in five years, although boeing has not named an exact price. experts estimate that one round trip ticket to the international space station could easily cost $25 million. for one person. what recession? >>> now here is a look at how wall street will kick off the day. the dow opened at 10,572 after gaining 46 points yesterday. the s&p added 3 points. the nasdaq climbed 11. taking a look at overseas trading this morning, in tokyo, the nikkei fell 7 points. while in hong kong, the hang seng lost 34. >>> investors, look on the bright side of mixed economic data yesterday for the proof that predicting where the markets are heading these days is a tracky business. traders set aside weak manufacturing data out of new york state, focusing instead on a second straight month of growth in u.s. industrial production. this afternoon, investors will have an eye on earnings with reports due out fro

. >>> boeing says it's planning to offer private citizens a chance to fly into space on a commercial rocket that is developing. the spacecraft, which can carry up to seven people, is expected to be ready in five years, although boeing has not named an exact price, experts expect that one round-trip ticket to the international space station could easily cost $25 million. >>> now here is a look at how wall street will kick off the day. the dow opens at 10,572 after gaining 46 points yesterday. the s&p added 3 points. the nasdaq climbed 11. taking a look at overseas trading this morning, in tokyo, the nikkei fell seven points. while in hong kong, the hang seng lost 34. >>> investors looked on the bright side of mixed economic data yesterday for the proof that predicting where the markets are heading these days is a tricky business. traders set aside weak manufacturing data out of new york state, focusing instead on a second straight month of growth in u.s. industrial production. this afternoon investors will have an eye on earnings with reports due out from oracle and research in motion

. >>> boeing says it's planning to offer private citizens a chance to fly into space on a commercial rocket that is developing. the spacecraft, which can carry up to seven people, is expected to be ready in five years, although boeing has not named an exact price, experts estimate that one round-trip ticket to the international space station could easily cost $25 million. better be a bag of pretzels involved in that. here's your "first look" at how wall street will kick off the day. the dow opens at 10,572 after gaining 46 points yesterday. the s&p added 3 points. the nasdaq climbed 11. taking a look at overseas trading, this morning in tokyo the nikkei fell 7 points. while in hong kong, the hang seng lost 34. >>> investors, look on the bright side of mixed economic data yesterday, and it's all further proof that predicting where the markets are heading these days is a tricky business. traders set aside weak manufacturing data out of new york state, focusing instead on a second straight month of growth in u.s. industrial production. this afternoon, investors will have an eye on earni

boeing is making big changes in how it makes planes for the military. the aircraft maker is shrinking its military business from six units to four, and cutting 400 jobs in the process. boeing is facing growing pressure from the pentagon and other customers to cut costs. so far this year, boeing's military aircraft division brought almost $7 billion in revenue. >> tom: the man charged with figuring out why washington mutual collapsed says he needs more time to finish his work. wamu's collapse was the biggest bank failure in u.s. history. the court appointed examiner, joshua hochberg, faced an october 8 deadline to wrap up his probe. he now wants that deadline moved to november 1. hochberg must decide what assets and legal claims wamu shareholders could have in the wake of the bank's failure two years ago. euqutuuuu b@ >> susie: longer days for less pay. that's what many americans are facing at work these days. tonight's commentator has some thoughts about the current state of the u.s. workforce. he's daniel gross, senior editor at "newsweek." >> the long

of boeing in. question is all the right let's discuss this with now i'm joined by jackson we could he show he's the chief executive of business management detroit which i look thank you very much for joining us. all they want does rush off the gross profit growth prospects but that's a. little bit yeah i think slowly i think those i mean the micro economy in the south like the fish need to fight but i mean it's getting better and. you know very important point out there that micro-climate does. very close or i should be if they were discussing for russia below but there is too little question marks about the dead and the government that the. european. states as well so i think you there is a second the way you can that's what people would call russia but their friends i think else will and that's why there's a really big potential for simplicity's sake that you think there's been a paradigm shift with the other bric comes to brazil india and china the suggests the developed countries are no longer

representative from one top company which flew into sort she's the head of commercial jets for boeing he thinks there will be enough to munch to sell one thousand jets on the russian market over the next two decades but if you look at the air russia a big country a lot of space to cover you look at your plate traffic grows about one and a half times g.d.p. as you can grows you'll see more traffic and more traffic to try to meet the more airplanes i think the other thing that will drive the need is the fact that there are a lot of their place in the fleet and they have to be replaced that's how we come up with the number one thousand or. the oil sector is well represented at the source investment forum the head of will smith spoke exclusively to our. reporters there should be we've reached a consensus with our main creditors spare bank and clean code they've downsize their new interest from twelve percent to eight and they expect that will start working with the new rates that will free up a lot of money up to two hundred million dollars this money will be used to this still license ag

so there would be competition for boeing. competition isless a good thing to energize an industry. >> so the space shuttle program with its retirement coming up shortly, any future like that from the nasa perspective or is private company travel, is that the way we're going to go? >> it depends on what happens in the congress right now. president obama asked for a whole new way of doing business in space, a way to fulfill president bush's vision of a permanent human presence beyond earth orbitw3 or beyond space. and what we have is trouble in the congress right now, let me put it that way. >> really? you think? on that and a few other things. but you weren't supposed to talk politics. i appreciate your time, dave brody. that wraps up our saturday coverage. stay with us for headlines and up next al roker reporting. wake up with me tomorrow morning. and i suffer from allergies. [ male announcer ] we asked zyrtec® users what they love about their allergy relief, and what it lets them do. the thing i love most about zyrtec® is

for paying, quote, massive subsidies to boeing that violate international rules which gave it an unfair advantage over its european rival, airbus. the wto's preliminary finding is the latest on an ongoing battle over aviation rights which gave airbus similar violations back in april. >>> goldman sachs is facing a gender bias suit from three former female employees. >>> and finally, praise the lord and pass the pancakes? well, if you're talking about the international house of prayer in southern kansas, just don't call it an ihop. the famed pancake house is suing the house of prayer for trademark dilution and infringement. >>> the rays reclaim first home runs in punches. and no heisman for vince young. plus, a game saving catch in cincinnati leaves diamondback fans seeing red. your early morning sports headlines are straight ahead. >>> today's weather trouble spot will be the great lakes with heavy rain. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." in sports, another unsung hero came up big last night in the

boeing says the plan is to provide space trips on spacecraft. that is business. i'm jane king reporting for wbal-tv 11 news. >> i wonder how many bags you can take on without being charged extra. >> hopefully they do not charge you for peanuts. >> thank you. >> it is 64 degrees on tv hill. we will check your morning commute again with traffic and weather together. >> come on back and we'll show you orioles highlights. >> don't forget to e-mail us your response to our water cooler question of the day. do you think the placement of a walmart in baltimore would be good for the neighborhood? e-mail your response to watercooler@wbaltv.com. >> it has started to look like a september to remember for the birds. they were putting together a series sweep against the blue jays last night. kyle drabek made his big league debut starting for toronto. felix pie comes in to score. what a night for brad bergesen. the orioles beat the blue jays 3-1. the orioles now have a five- game win streak. the orioles have the night off tonight. they play the yankees on friday. i hope your da

. >>> and later boeing enters the world of space tourism. the spaceship it's codeveloping that could some day take civilians to the moon. >>> it's a dessert that tastes great with many varieties of apples. apple titan. tatan. ♪ uh oh. sorry, son, but you still have 'em. [ female announcer ] you can't pass inspection with pieces left behind. that's why there's charmin ultra strong. its enhanced diamondweave texture is soft and more durable. more durable so you're left with a more dependable clean. ♪ fewer pieces left behind, plus all that charmin softness. looks good son. [ female announcer ] charmin ultra strong. enjoy the go. also, try charmin freshmates for a cleaner clean. >>> rime bloomberg's angie lau live at the cme group in chicago. we were seeing signs that the lane market is getting back on track. weekly jobless claims fell once again last week. on the flip side, fed ex says it is cutting jobs. fedex says it is close being 100 facilities as it combines operations. that will eliminate 1700 jobs. fedex also forecasting earnings th

organization will issue its long awaited opinion on europe's challenge to american government subsidies for boeing next week. it is the latest chapter in a long running dispute between boeing and european rival airbus over multibillion-dollar government subsidies. both sides have filed complaints with the wto. >>> and the euro is back in play and falling after a "wall street journal" report stoked fears about the viability of european banks, highlighting weak results from recent bank stress tests. >> and, finally, it turns out money really can buy you happiness, at least to a point. researchers have found people's happiness increases, along with their income, up to $75,000. for those making more than $75,000, their feeling of success or well being may improve, but not necessarily their happiness. so there you go. >>> well, a top ten battle in college football, tiger continues his comeback, and who's up at the u.s. open? >>> plus, unique foul ball action for one fan in toronto. your early morning sports headlines are straight ahead. >>> and i'm meteorologist scott williams. back to work and school

the world trade organization has found boeing received over $20 billion in illegal subsidies from the u.s. department of defense and nasa. the ruling calls for those subsidies to be withdrawn. boeing maintains that any aid it received falls far short of the help its european rival, airbus, gets. goldman sachs is being sued for allegedly paying and promoting female managers less than their male counterparts. goldman says the suit is without merit. >> tom: still ahead, the list is in and you're no doubt familiar with the winners. we look at the world's top brands, and what makes them so special. >> suzanne: the recent deadly gas explosion in california involving pg&e has many people wondering if natural gas and oil pipelines in their communities are safe. the obama administration is moving to reassure them. it wants to add new inspectors and beef up safety standards. but, as stephanie dhue explains, it could be a slow process. >> with public attention focused on the natural gas pipeline explosion in san bruno, california, that killed four people and wiped out a neighborhood, the obama a

keep an eye on boeing stock today. the russian company says it will buy 50 new boeings in a deal worth $3.7 billion. the boeing jets will go to russia's biggest airline to upgrade the fleet. the deal also includes an option for another 35 jetliners at some point in the future. >>> let's check in on wall street. as we mentioned, getting help this morning from the tech stocks. i want to look at the nasdaq. the dow jones industrial average is up 24 points. the nasdaq is up 10 points. it is getting help from oracle and research in motion posting good profits for the quarter. >>> the world's largest airline could be one vote away. shareholders of the parent company and continental airlines are voting this morning on a deal to combine the carriers. the deal is worth $3 billion. >>> 6:50. she is a mother searching for her missing daughter. an alabama mother detained in peru. she boldly confronted the prime suspect in her daughter's disappearance. >>> the bay area's biggest party is getting toned down. the new plan to bar thou

airtran also flies other boeing models. >> it does create complexity. it creates additional costs, but if the opportunities are there to get additional revenue synergies by doing so, it could be more compelling that way. >> reporter: if the merger is successful, analysts say it could pressure other airlines to join forces. among the most likely acquisition targets are discount carriers like jet blue, frontier, and spirit. erika miller, "nightly business report," new york >> susie: a short while ago, i spoke with southwest airlines chairman and c.e.o. gary kelley. my first question: why did you do the deal? >> first of all, airtran brings us a number of things. they have a safe low cost high quality operation. they have a strong low fare brand. but most importantly, it provides us an opportunity to expand our route network. they fly places that we don't. we have very little overlapping routes. but notably, their largest operation is in atlanta. and we have no service to atlanta at all, as one example. it brings us more access to new york's laguardia airp

. >> funding for "washington week" is also provided by boeing, exxon mobil, the epics and excellence in journalism foundation, the annanburg, and contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. so tonight, we tackle the challenge of turning the page. president obama's oval office address provided a useful prame this week that was supposed to be about iraq but it was about so much else, including the economy, uncertain foreign policy and politics. why is august never a good month for barack obama? now we are safely in september, the question must be asked. >> you detected the pattern haven't you. he has had difficulties in augusts and ended this one in a very busy week. when he gave that speech in the oval office, he talked about turning the page. what he meant to convey is, it's time now to focus on the economy. but as that speech showed, the tension in that speech as he was trying to deal with a lot of issues at once underscored the political problems that he and the democrats and the adm

and in other news coming from the event russian state corporation the russian technologists and boeing have signed a contract to supply fifty boeing seven three seven airplanes they will be a quiet for air flights russian airlines and a unit of russian technologists from invest has signed agreements to fully direct investment funds totally eight hundred million dollars with gulf states investors for checks in infrastructure and real estate. some of russia's leading banks outlining they investment plans at the forum. plans to spend one point two billion dollars on a limp infrastructure speaking about the rubles burbank's president herrmann graff said despite the recent weaken in the russian currency is still quite stable. to do a thorough knowledge of more than the current situation on the foreign exchange market i.e. the ruble dollar and the ruble euro relations is stable enough and i'd say the fluctuation that we're seeing now is quite logical and is mainly tied to the actions of the market players and traders but i can say that today the rule is the most stable it can be and there ar

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have signed a contract to supply fifty boeing seven three seven jets it will be acquired for air for russian allies now a unit of russian technology probably the best has signed agreements to foreign direct investment funds totaling eight hundred million dollars with united arab emirates companies to invest in infrastructure real estate insurance projects for his opening speech russia's prime minister putin said the government was well aware of the problems facing the rest of the caught. up in the russian economy is still not spoiled by the attention of investors neither foreign nor local ones the russian business climate is claimed to have problems sometimes these claims are justified sometimes not we know our problems really well and we will solve them the key factor for the russian government will be a measured and rather conservative macroeconomic policy. and staying with a forum some of russia's leading banks outlining their investment plans out the forms bare bank plans to spend one point two billion dollars on a limbic infrastructure speaking about the rubles their banks prese

you can. >> funding for "washington week" is also provided by boeing. exxonmobil. the ethics and excellence in journalism foundation. the annenberg foundation. the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. >> you'r

you can. >> funding for "washington week" is also provided by boeing. exxonmobil. the ethics and excellence in journalism foundation. the annenberg foundation. the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. >> you're wa

. >> funding for "washington week" is also provided by boeing, exxonmobil, the excellence in journalism foundation, the annenberg foundation, the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. thank you. >> once again, live from washington, moderator gwen ifill. gwen: good evening. we appear now to be in the middle of a wave election when everything changes. but who is behind the wave and who is likely to get flopped? christine o'donnell this week's big winner in the delaware senate primary thinks she knows. she was in washington to address the value voters summit. >> the elite don't get us, they call us wacky, they call us wing nuts, we call us "we the people." gwen: defeated republicans like delaware's mike castronevesle, bob bennett and murkowski are trying to figure out what happened. and also arlen specter and struggling incumbents like ohio governor ted strickland and president obama himself who knows he must convince voters the economy can improve. >> we stop the bleeding, stabilize the economy but the fact of the matter is th

it's good the boeing is going to here it's comfortable it's your own country. that tops it all and while the crew at the silver jasmine are living it up they can't help but wonder if their presence in the united states is missed the united states has enough people to support it so it should have been an employment situation for the indians come back to while many americans may view immigrants as taking jobs the reality is that indian and chinese immigrants created fifteen percent of the jobs in places of power like silicon valley but now that entrepreneurial spirit is being brought back to the place they started from the economy is definitely booming far more opportunities far more areas that they can work and the younger generation has a lot more things going on for them and this is good for them this is good for the country a country that gave them the wings to lead but ultimately the roots that drew them back preassure either our t. bangalore india. iran will challenge the demands of the u.n. security council for as long as possible despite realizing the nee

representative of one top company which flew into such a as they head of commercial jets with boeing he thinks there will be enough to munch to sell one thousand jets on the russian market over the next two decades but if you look at the air russia a big country a lot of space to cover you look at your plate traffic grows about wondering at times g.d.p. as you can grow as you'll see more traffic and more traffic to drive the need for more airplanes i think the other thing that will drive the need is the fact that there are a lot of airplanes simply they have to be replaced that's how we come up with the number of thousand or. well the oil sector is that well represented at the source change and for the head of the snap spoke exclusively to our team. there should be we've reached a consensus with our main creditors speer bank and going co they've downsize their new interest from twelve percent to eight and they expect that not tobe or will start working with the new rates that will free up a lot of money up to two hundred million dollars this money will be used to the still license ag

you can. >> funding for "washington week" is also provided by boeing. exxonmobil. the ethics and excellence in journalism foundation. the annenberg foundation. the corporation for public broadcasting and by contributions to your pbs station from viewers like you. contributions to your pbs station from viewers like you. thank you. customers for over 70 years. more information on auto insurance at geico.com or 1-800-947-auto any time of the day or night. ♪ what do you think a tree can be? can it be stronger than steel?