this program is made possible by contributions to ur pbs station from viewers like you. thank you. captioning sponsored by wpbt susie: good evening, everyone. general motors and chrysler are back in the race. tom, it was all smiles today as both automakers came out with positive progress reports on their turnarounds. tom: susie, chrysler reported a modest profit in its first quarter; a big improvement after losing about $4 billion after emerging from bankruptcy. g.m. announced that the company is paying back in full the loans it got from the u.s. and canadian government. susie: that final payment $8 billion, with interest was much faster than washington expected. diane eastabrook takes a look at the remarkable reversals at america s once troubled automakers. reporter: by making good on $8 billion worth of u.s. and canadian government loans, general motors helped shed its nickname government motors and shifted its focus back to making vehicles. we are moving at g
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 tom: good evening. an autopsy today of the largest bankruptcy in u.s. history, lehman brothers. susie, it was quite a scene on capitol hill with lawmakers grilling everyone from lehman s former c.e.o. richard fuld to fed chairman ben bernanke and treasury secretary tim geithner. susie: tom, at that hearing of the house committee on financial services, lawmakers had sharp words for those gentlemen, and what they did and didn t do in the collapse of lehman. tom: it s all part of a huge effort to figure out the best way to run the nation s financial system in the future. but as darren gersh reports, there are no easy answers. reporter: as the financial crisis deepened, regulators did not ask the right questions, did not share the right information, and did not insist lehman brothers change its ris
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 tom: good evening. an autopsy today of the largest bankruptcy in u.s. history, lehman brothers. susie, it was quite a scene on capitol hill with lawmakers grilling everyone from lehman s former c.e.o. richard fuld to fed chairman ben bernanke and treasury secretary tim geithner. susie: tom, at that hearing of the house committee on financial services, lawmakers had sharp words for those gentlemen, and what they did and didn t do in the collapse of lehman. tom: it s all part of a huge effort to figure out the best way to run the nation s financial system in the future. but as darren gersh reports, there are no easy answers. reporter: as the financial crisis deepened, regulators did not ask the right questions, did not share the right information, and did not insist lehman brothers change its ris
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 tom: good evening. an autopsy today of the largest bankruptcy in u.s. history, lehman brothers. susie, it was quite a scene on capitol hill with lawmakers grilling everyone from lehman s former c.e.o. richard fuld to fed chairman ben bernanke and treasury secretary tim geithner. susie: tom, at that hearing of the house committee on financial services, lawmakers had sharp words for those gentlemen, and what they did and didn t do in the collapse of lehman. tom: it s all part of a huge effort to figure out the best way to run the nation s financial system in the future. but as darren gersh reports, there are no easy answers. reporter: as the financial crisis deepened, regulators did not ask the right questions, did not share the right information, and did not insist lehman brothers change its ris
all right. markets are lower, just slightly though. we ve got a final hour of trade coming. a very tight range today but internals have not been weak throughout the session. a couple of things, a lot of e-mails from you on trade. we ll thumb through all of of them. one caught our attention. i m assuming this person met it a bit ferbishly. thanks, anyway, for the e-mails. by the way speak of people watching games it appears that georgetown has beat syracuse in march madness. time for the closing bell. a tug-of-war on wall street, optimism in the labor market, tempered by surging inflation in china. the bulls and bears locking horns. who will get the final word? live from the new york stock exchange, this is the final and most important hour of the trading day. and welcome to the closing bell, everybody. i m bob pisani at the new york stock exchange. hello, melissa? hey, bob and i m melissa francis in for maria bartiromo at cnbc global headquarters. we have a lot on