nightly business report is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. late today, the aaa credit rating of the united states was officially put on notice. moody s investor service placed the government s bond rating on review for possible downgrade. without a debt deal on capitol hill, moody s points to a small but rising risk of a short-lived default tom, that warning comes as the federal reserve says its ready to add more fuel to the economy if the recovery runs out of gas. tom: susie, fed chairman ben bernanke made that pledge during his semiannual congressional testimony today. that helped investor confidence, at least initially. stocks rallied sharply during the chairman s testimony but backed off those highs as the day wore on. by the close, the dow was up just 44 points, the nasdaq was up 15 and the s&p 500 gained four. susie: when it co
captioning sponsored by wpbt tom: good evening and thanks for joining us. almost $7 billion in sales equals another blockbuster quarter for google, a blowout beginning to earnings for technology companies. susie, internet search and search advertising continue driving the big profits at the web giant. susie: tom, google s earnings surged almost 40% and google stock soared as well, up over $60 or 12% after the closing bell. google earned $8.74 a share in the second quarter, about $1 more than analyst estimates. google continued its hiring blitz, adding 2,400 employees during the quarter. paid clicks, or the number of times internet users clicked on the company s ads, rose 18%, in line with estimates. tom: morningstar s rick summer thinks google should be a core holding for investors and he s looking for $720 per share. they re still hitting the cover off the ball with their existing business. generating so much free cash flow that they could easily invest hundreds of m
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. late today, the aaa credit rating of the united states was officially put on notice. moody s investor service placed the government s bond rating on review for possible downgrade. without a debt deal on capitol hill, moody s points to a small but rising risk of a short-lived default tom, that warning comes as the federal reserve says its ready to add more fuel to the economy if the recovery runs out of gas. tom: susie, fed chairman ben bernanke made that pledge during his semiannual congressional testimony today. that helped investor confidence, at least initially. stocks rallied sharply during the chairman s testimony but backed off those highs as the day wore on. by the close, the dow was up just 44 points, the nasdaq was up 15 and the s&p 500 gained four. susie: when it comes to the recovery and the debt ceiling debate
nightly business report is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. late today, the aaa credit rating of the united states was officially put on notice. moody s investor service placed the government s bond rating on review for possible downgrade. without a debt deal on capitol hill, moody s points to a small but rising risk of a short-lived default tom, that warning comes as the federal reserve says its ready to add more fuel to the economy if the recovery runs out of gas. tom: susie, fed chairman ben bernanke made that pledge during his semiannual congressional testimony today. that helped investor confidence, at least initially. stocks rallied sharply during the chairman s testimony but backed off those highs as the day wore on. by the close, the dow was up just 44 points, the nasdaq was up 15 and the s&p 500 gained four. susie: when it co
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