Transcripts For KQED Nightly Business Report 20121225 : comp

And economists warn the economic effects will be felt quickly if 600 billion in automatic tax increases and spending cuts begin to take effect next year. At this rate, it looks like lawmakers will celebrate new years eve at work if not resolving the fiscal cliff, at least trying to avoid the blame. Darren gersh, nbr, washington. Susie going over the fiscal cliff will not only have an impact on the national level, it will also hit states and eventually cities. If lawmakers fail to reach a deal before january 1, the cliffs across the board spending cuts and tax increases will impact how much money states get from the federal government. Ruben ramirez reports from washington. Reporter we all know the numbers. Failing to reach a deal by january 1 will result in 109 billion in automatic cuts to federal spending. And while thats a big number, what matters most to states and municipalities is the small print, detailing just where those cuts will happen. And Standard Poors gabe pettek says those details could still be months away. Even if the policymakers in washington, d. C. , resolve the immediate issue before january 1 or shortly thereafter, we think there are going to be several details related to the administration of tax policy and the way the federal government spends money that will have an important effect on state budgets. Reporter the pew center on the states reports around 18 of federal grants to states would be subject to sequestrations spending cuts. That works out to about 7. 5 billion the states could ultimately lose. The real worry right now for states is that as many states start there legislative sessions next month is just the uncertainty from capitol hill. Reporter the uncertainty will make it difficult to put together state budgets, which need to be in place before the new fiscal year begins next summer. Two big unknowns the future of medicaid and municipal bonds. Medicaid and the Childrens Health insurance program, or chip, which under current law are exempt from the sequester, could be one area where lawmakers look to make cuts. In 2010, more than 40 or about 278 billion states received in overall funding went to these two programs. Looking at past proposals, there is a good chance that Something Like medicaid would be cut, and that would obviously have direct impact on state budgets. But what it would entail is still unknown. Reporter also on the table for lawmakers to consider municipal bonds. Theyve traditionally been tax exempt. If that changes, they could become less attractive as an investment vehicle, and end up raising borrowing costs for states and municipalities. It would effectively increase the cost of issuing debt to state and local governments, and its a real consideration at a time when states and local governments are still in repair mode. Reporter while some states have built up rainy day funds, Credit Rating analysts at s p say for the First Time Since the start of the financial crisis, the health of the overall u. S. Economy has become the biggest concern for state economies. With state budgets already constrained, deeper cuts from the federal government could leave them in a pickle. After all, unlike the federal government, states are required to balance their budgets every year. Ruben ramirez, nbr, washington. Susie still ahead, theres more to Holiday Spending than electronics and apparel. Well look at one holiday decorating business. Susie tis the season for procrastinators. 17 million americans were expected to hit the malls today. And the good news for merchants many of them were simply crossing off names on their list, not bargain shopping. As erika miller reports, retailers hope theyll turn a hohum christmas into a merry one. Reporter the success of the Holiday Season for retailers depends on procrastinators, and also on families like the greers picking up a few extra gifts before the big day. We are looking for stationery, for frames. Reporter and that also means more gift wrap. We want gifts that you wonder if you really want to open them. Thats what we want, those that catch your eye the beautiful bows, the wired ribbon. Its all so much a part of it. Reporter statistically, men are far more likely to leave their Holiday Shopping till lastminute. We do notice a lot of men coming into the store. I would say the difference between the men and the women the men come in, and they want us to take the lead and show us how its done. Reporter not surprisingly, most stores are pulling out all the stops today to lure shoppers, offering deep discounts. The weather hasnt gotten cold in the majority of the country, through the midwest and the northeast. So cold weather categories like sweaters, outerwear are being promoted 50 , 60 off. Reporter the Holiday Season shopping season started out with a bang, but since then, many shoppers have been waiting on the sidelines. Although the economy is improving, many consumers still feel uneasy about their finances. Some are worried about the job market. Others fear the u. S. Will fall off the fiscal cliff, leading to less disposable income next year. So this year, its taking more than a good deal for retailers to make a sale. A lot of people talk about value. The thing they dont talk about is affordability. So while you may think that sweater at barneys or nordstroms is a value, at whatever price it is, you cant afford it. And affordability is something that is resonating a lot more than value. Reporter so the season is not expected to be a sparkling one for merchants, with gains in the low to mid single digits. Discounters are expected to do better than luxury stores. But dont forget, it is the holidays, and christmas just wouldnt be the same without a few splurges. We kind of get in the spirit of shopping. We go, okay, okay one more, oh theyd really like that, hed really like that and a little for myself, too. Reporter erika miller, nbr, new york. Susie dont let the fiscal cliff scare you away from buying stocks. Thats the advice to investors from andy cross, the chief Investment Officer at the motley fool. Tom hudson recently spoke with him, and began by asking if the s p 500 will be higher or lower this time next year. Thats a tough question. Im not in the job of picking the stocks over, you know, three, six, nine, even 12 months is tough for me. Heres what i do think. I do think well get some resolution to the fiscal cliff, whether its right now or whether its soon after the new year, i think we will see some kind of resolution. That will be good for markets, good for business, good for investors. So im going into 2013 wanting to be long some really good High Quality Companies that i know can accrue returns for investors over time. And i dont want to think with the next few months. Tom lets focus on the next year ahead. What about volatility, do you think youll need an iron stomach to be a stock investor . I think investing in stocks, in equities comes volatility. Were not buying bonds here, were not sticking the cash in our mattress in our beds. So i think with investing if youre going to be an investor you have to be able to handle the ups and downs that come with investing in stocks. Now, heres what i think most investors should do out there, which is diversify. I really want you thinking about owning dozens of stocks to help mitigate some of that volatility you will see as investing in stocks. Tom youve brought two along for the next year, clb, core laboratories, a netherlands based company, no in the medical business but in the energy business. Explain why you like this multinational. Yes, tom, sound like it belongs in the medical business, but actually no its really a science business. Core labs, about a 5 billion company and they specialize in helping Oil Companies find more oil and more gas that benefits all around the world. So they have scientists who actually take samples of rock and water, analyze that and try to help Oil Companies find more oil that may be hidden or tucked away so we can abscess more oil, which is good for all of us. Tom were talking about an energy boon in the united states, Energy Prices, thats helped keep a cap on Energy Prices here. What kind of holding time frame do you anticipate to make some money . As weve seen this year, one reason why core labs is attractive from a valuation perfect suspective weve seen the stock soften this year as some of the rig counts have softened as well because of the i prices of natural gas have really fallen. And i do think this will reverse sometime over the next few years and well see more rigs be put to use, and thats good for core labs, but to do that you really need to take that threeyear time horizon. Tom luk, often called a mini berkshire hathaway, beef packing, commercial mortgage, copper, energy, even wine. What makes you like this one . Is there a conglomerate discount . Is the stock price held down because its so diversified . Its one of the reasons i think its attractive is they have all these different assets, and the guys who have run it since the late 70s have john efforted up to 20 return a year. They have put their brain power to work, they make really smart investments, they actually own the air space over Union Station here in washington d. C. That theyll put to use somehow, some way. So investors who buy behind lukadia, luk, you have to put some faith into the investors, these guys who run it will put the cast to work in smart ways and history is on its side here. Tom youre buying the Investment Team as much as those individual companies. Do you own any yourself in these two companies, andy . I do not own core labs or lukadia. Tom andy cross with the motley fool. Susie wall street wisdom says if santa claus comes to broadway and wall in the last five trading days of the year, stocks rise in the new year. But no signs of santa today, with mostly red and little green on this day before christmas. Big board volume fell to 285 million shares. Nasdaq volume weighed in at 616 million. It was the lightest volume so far this year. Two s p sector standouts were materials, which gained half a percent, and energy, which lost nearly 1 . Some news from the oil patch. Chevron is buying a stake in two canadian shale gas fields as well as a facility to ship the gas to asia. Chevrons Canadian Unit is buying out encana and e. O. G. Resources and will become an equal partner with apache. Terms of the deal were not disclosed. Shares of chevron ended down less than 1 . Encana was down just over 2 . E. O. G. Resources was down fractionally. Federal agencies are looking into allegations that Regions Financial Bank improperly classified loans that went bad during the financial crisis. The government inquiries include subpoenas from the s. E. C. And other Bank Officials that are part of a civil lawsuit against the bank. Shares of regions financial fell nearly 2 to just below 7 a share. As erika mentioned earlier, consumers were out in force trying to squeeze in their last few hours of christmas shopping. One of those retailers hoping to get a boost from shoppers looking for a bargain is j. C. Penney. Analysts at oppenheimer say the retailers aggressive Price Promotions will drive traffic into the stores and boost the companys turnaround efforts. Over the past year, shares of j. C. Penney have struggled. They are down 43 this year. Today they rose more than 1 to just under 20 a share. A few buyers of the stock today family, closing under just 12 a share. Over the past year, shares down 50 . Now shares of online shares of Online Travel company trip advisor got a boost on the back of some positive comments. Analysts at needham say they are optimistic about the companys longterm growth prospects. They expect trip advisor to exceed profit forecasts for the first half of 2013. Shares of trip advisor were up more than half a percent to 42. Herbalife also got a pop today. The vitamin maker says it expects to buy back more shares than it had previously announced. The shares had been down for the last eight sessions, but today it rose 4. 5 . And if youre driving this Holiday Season, get ready to pay more at the pump. But prices are set to go up after falling more than ten cents over the past two weeks. According to the lundberg survey, gasoline prices on average around the country were 3. 25 a gallon. Thats the lowest since mid december of last year. And finally turning, to our most actively traded e. T. F. s, here you can see most settled modestly lower to unchanged. And thats tonights market focus. Susie our word on the street tonight dividends. Investors who shy away from dividendpaying stocks next year because of higher taxes will miss some of the best income sources of 2013. So says david peltier, Portfolio Manager at thestreet. Com. You know, dave, most people do live dividend paying stocks, but theyre very worried about tim my indications of higher taxs all around, whether its on Capital Gains or income taxes, so they are staying a way from dividend paying stocks. Make a case of why they should buyco them. There are a lot of choices, even now. What should investors be looking for, are there any themes in choosing the best dividend paying stocks . You have three stocks that youre going to recommend to us, the first one on the list is boeing. Tell us why you like this one, even though the stock has been soso this year. Johnson and johnson on the New York Stock Exchange also on your buy list. Tell us what attracts to you this one. David, you gave us the name of a Little Known Company that is on your list, tell us what it does and why you picked this one. Any disclosures, david, do you own these stocks . All right, thanks so much, have a great holiday. Well see you soon next time. David pelletier, Portfolio Manager at the streets. Com. Slow rog in 2012 slow progress in 2012 of women moving into top positions, in boardrooms and the executive suite. New research from catalyst shows 16. 6 of fortune 500 Company Directors are women, up from 16. 1 last year. 14. 3 of Company Executive officers are women, up from 14. 1 a year ago. As for c. E. O. s, the number of women on the fortune 500 will hit a record 21 on january 1, when Phebe Novakovic takes charge at general dynamics. Recently i talked with catalyst president ilene lang and asked her whats Holding Women back. The reason women dont get to the top jobs is because in their careers they are not tapped for the assignments that would really give them that breakthrough experience where they have the experience and the visibility that they have done what we call top jobs. Women and men get leadership training, they get sent to classes, they get coaching, they get sponsorship and mentorship. But at the end of the day, the jobs that the men get have three times the budget, twice the staff, much more international, even among women who say theyre ready for an International Assignment they want to have one, much higher percentage of the men who say theyre available are tapped for them than women. Susie so whats it going to take to get more women to become c. E. O. S . Right now there are only 20 women who are c. E. O. S of fortune 500 companies. When i first started out as a business journalist there was only one, Catherine Graham of the washington post. So if theres a magic bullet, the magic bullet is something we call sponsorship. Sponsorship is like mentorship, but it also includes actually putting a person forward, endorsing her and saying she can do this job. And we are seeing progress. We are seeing that the minute a woman is endorsed by a powerful man, suddenly shes visible. Suddenly shes board qualified, suddenly shes ready. And it busts that myth that says that there arent enough women. This is not a supply problem. But it is a conventional thinking problem. Susie what is the impact of having women in board rooms and in the executive, ive noticed that the ber views ive done, women c. E. O. S like the one from you duponth and xerox, they have a different leadership style, but the does it make a dumpbs . Companies with women on their boards have a higher Financial Performance than those with fewer. The Research Suggests that its because when you add diversity, you get more points of view, more background, more critical thinking, more opportunities examined, more solutions considered, and you get a better result. There also is evidence that theres more innovation because the more you mix different points of view, its kind of cross functional, points of view and backgrounds, you get breaks of thinking. Susie sounds like you are seeing some progress, and one of the trends that youre expecting for 2013 . I think today every time theres an opening and an opportunity, people are expecting to see women as part of the mix. And i think that is a huge difference. So when were talking about appointing a new senator, or electing somebody, or appointing a member to a board, people are saying why not women, because theyre used to seeing more women in more leadership positions, and that has a real role model effect, but it also changes peoples perspective about who can be a really strong contributor. Susan so whats your advice to young ambitious women just coming out of college or those who have an mba or law degree and want to ride to the top . I think they should build their careers in places where they can see that there is support for women and where women have been successful, and that could be a Large Company that has women at the top. It could be an industry where women are really flourishing. But theres no denying were going to see a lot of women in a lot of places, and theyre going to be very successful, and thats fantastic. Susie our partners at Standard Poors<\/a> gabe pettek says those details could still be months away. Even if the policymakers in washington, d. C. , resolve the immediate issue before january 1 or shortly thereafter, we think there are going to be several details related to the administration of tax policy and the way the federal government spends money that will have an important effect on state budgets. Reporter the pew center on the states reports around 18 of federal grants to states would be subject to sequestrations spending cuts. That works out to about 7. 5 billion the states could ultimately lose. The real worry right now for states is that as many states start there legislative sessions next month is just the uncertainty from capitol hill. Reporter the uncertainty will make it difficult to put together state budgets, which need to be in place before the new fiscal year begins next summer. Two big unknowns the future of medicaid and municipal bonds. Medicaid and the Childrens Health<\/a> insurance program, or chip, which under current law are exempt from the sequester, could be one area where lawmakers look to make cuts. In 2010, more than 40 or about 278 billion states received in overall funding went to these two programs. Looking at past proposals, there is a good chance that Something Like<\/a> medicaid would be cut, and that would obviously have direct impact on state budgets. But what it would entail is still unknown. Reporter also on the table for lawmakers to consider municipal bonds. Theyve traditionally been tax exempt. If that changes, they could become less attractive as an investment vehicle, and end up raising borrowing costs for states and municipalities. It would effectively increase the cost of issuing debt to state and local governments, and its a real consideration at a time when states and local governments are still in repair mode. Reporter while some states have built up rainy day funds, Credit Rating<\/a> analysts at s p say for the First Time Since<\/a> the start of the financial crisis, the health of the overall u. S. Economy has become the biggest concern for state economies. With state budgets already constrained, deeper cuts from the federal government could leave them in a pickle. After all, unlike the federal government, states are required to balance their budgets every year. Ruben ramirez, nbr, washington. Susie still ahead, theres more to Holiday Spending<\/a> than electronics and apparel. Well look at one holiday decorating business. Susie tis the season for procrastinators. 17 million americans were expected to hit the malls today. And the good news for merchants many of them were simply crossing off names on their list, not bargain shopping. As erika miller reports, retailers hope theyll turn a hohum christmas into a merry one. Reporter the success of the Holiday Season<\/a> for retailers depends on procrastinators, and also on families like the greers picking up a few extra gifts before the big day. We are looking for stationery, for frames. Reporter and that also means more gift wrap. We want gifts that you wonder if you really want to open them. Thats what we want, those that catch your eye the beautiful bows, the wired ribbon. Its all so much a part of it. Reporter statistically, men are far more likely to leave their Holiday Shopping<\/a> till lastminute. We do notice a lot of men coming into the store. I would say the difference between the men and the women the men come in, and they want us to take the lead and show us how its done. Reporter not surprisingly, most stores are pulling out all the stops today to lure shoppers, offering deep discounts. The weather hasnt gotten cold in the majority of the country, through the midwest and the northeast. So cold weather categories like sweaters, outerwear are being promoted 50 , 60 off. Reporter the Holiday Season<\/a> shopping season started out with a bang, but since then, many shoppers have been waiting on the sidelines. Although the economy is improving, many consumers still feel uneasy about their finances. Some are worried about the job market. Others fear the u. S. Will fall off the fiscal cliff, leading to less disposable income next year. So this year, its taking more than a good deal for retailers to make a sale. A lot of people talk about value. The thing they dont talk about is affordability. So while you may think that sweater at barneys or nordstroms is a value, at whatever price it is, you cant afford it. And affordability is something that is resonating a lot more than value. Reporter so the season is not expected to be a sparkling one for merchants, with gains in the low to mid single digits. Discounters are expected to do better than luxury stores. But dont forget, it is the holidays, and christmas just wouldnt be the same without a few splurges. We kind of get in the spirit of shopping. We go, okay, okay one more, oh theyd really like that, hed really like that and a little for myself, too. Reporter erika miller, nbr, new york. Susie dont let the fiscal cliff scare you away from buying stocks. Thats the advice to investors from andy cross, the chief Investment Officer<\/a> at the motley fool. Tom hudson recently spoke with him, and began by asking if the s p 500 will be higher or lower this time next year. Thats a tough question. Im not in the job of picking the stocks over, you know, three, six, nine, even 12 months is tough for me. Heres what i do think. I do think well get some resolution to the fiscal cliff, whether its right now or whether its soon after the new year, i think we will see some kind of resolution. That will be good for markets, good for business, good for investors. So im going into 2013 wanting to be long some really good High Quality Companies<\/a> that i know can accrue returns for investors over time. And i dont want to think with the next few months. Tom lets focus on the next year ahead. What about volatility, do you think youll need an iron stomach to be a stock investor . I think investing in stocks, in equities comes volatility. Were not buying bonds here, were not sticking the cash in our mattress in our beds. So i think with investing if youre going to be an investor you have to be able to handle the ups and downs that come with investing in stocks. Now, heres what i think most investors should do out there, which is diversify. I really want you thinking about owning dozens of stocks to help mitigate some of that volatility you will see as investing in stocks. Tom youve brought two along for the next year, clb, core laboratories, a netherlands based company, no in the medical business but in the energy business. Explain why you like this multinational. Yes, tom, sound like it belongs in the medical business, but actually no its really a science business. Core labs, about a 5 billion company and they specialize in helping Oil Companies<\/a> find more oil and more gas that benefits all around the world. So they have scientists who actually take samples of rock and water, analyze that and try to help Oil Companies<\/a> find more oil that may be hidden or tucked away so we can abscess more oil, which is good for all of us. Tom were talking about an energy boon in the united states, Energy Prices<\/a>, thats helped keep a cap on Energy Prices<\/a> here. What kind of holding time frame do you anticipate to make some money . As weve seen this year, one reason why core labs is attractive from a valuation perfect suspective weve seen the stock soften this year as some of the rig counts have softened as well because of the i prices of natural gas have really fallen. And i do think this will reverse sometime over the next few years and well see more rigs be put to use, and thats good for core labs, but to do that you really need to take that threeyear time horizon. Tom luk, often called a mini berkshire hathaway, beef packing, commercial mortgage, copper, energy, even wine. What makes you like this one . Is there a conglomerate discount . Is the stock price held down because its so diversified . Its one of the reasons i think its attractive is they have all these different assets, and the guys who have run it since the late 70s have john efforted up to 20 return a year. They have put their brain power to work, they make really smart investments, they actually own the air space over Union Station<\/a> here in washington d. C. That theyll put to use somehow, some way. So investors who buy behind lukadia, luk, you have to put some faith into the investors, these guys who run it will put the cast to work in smart ways and history is on its side here. Tom youre buying the Investment Team<\/a> as much as those individual companies. Do you own any yourself in these two companies, andy . I do not own core labs or lukadia. Tom andy cross with the motley fool. Susie wall street wisdom says if santa claus comes to broadway and wall in the last five trading days of the year, stocks rise in the new year. But no signs of santa today, with mostly red and little green on this day before christmas. Big board volume fell to 285 million shares. Nasdaq volume weighed in at 616 million. It was the lightest volume so far this year. Two s p sector standouts were materials, which gained half a percent, and energy, which lost nearly 1 . Some news from the oil patch. Chevron is buying a stake in two canadian shale gas fields as well as a facility to ship the gas to asia. Chevrons Canadian Unit<\/a> is buying out encana and e. O. G. Resources and will become an equal partner with apache. Terms of the deal were not disclosed. Shares of chevron ended down less than 1 . Encana was down just over 2 . E. O. G. Resources was down fractionally. Federal agencies are looking into allegations that Regions Financial Bank<\/a> improperly classified loans that went bad during the financial crisis. The government inquiries include subpoenas from the s. E. C. And other Bank Officials<\/a> that are part of a civil lawsuit against the bank. Shares of regions financial fell nearly 2 to just below 7 a share. As erika mentioned earlier, consumers were out in force trying to squeeze in their last few hours of christmas shopping. One of those retailers hoping to get a boost from shoppers looking for a bargain is j. C. Penney. Analysts at oppenheimer say the retailers aggressive Price Promotions<\/a> will drive traffic into the stores and boost the companys turnaround efforts. Over the past year, shares of j. C. Penney have struggled. They are down 43 this year. Today they rose more than 1 to just under 20 a share. A few buyers of the stock today family, closing under just 12 a share. Over the past year, shares down 50 . Now shares of online shares of Online Travel<\/a> company trip advisor got a boost on the back of some positive comments. Analysts at needham say they are optimistic about the companys longterm growth prospects. They expect trip advisor to exceed profit forecasts for the first half of 2013. Shares of trip advisor were up more than half a percent to 42. Herbalife also got a pop today. The vitamin maker says it expects to buy back more shares than it had previously announced. The shares had been down for the last eight sessions, but today it rose 4. 5 . And if youre driving this Holiday Season<\/a>, get ready to pay more at the pump. But prices are set to go up after falling more than ten cents over the past two weeks. According to the lundberg survey, gasoline prices on average around the country were 3. 25 a gallon. Thats the lowest since mid december of last year. And finally turning, to our most actively traded e. T. F. s, here you can see most settled modestly lower to unchanged. And thats tonights market focus. Susie our word on the street tonight dividends. Investors who shy away from dividendpaying stocks next year because of higher taxes will miss some of the best income sources of 2013. So says david peltier, Portfolio Manager<\/a> at thestreet. Com. You know, dave, most people do live dividend paying stocks, but theyre very worried about tim my indications of higher taxs all around, whether its on Capital Gains<\/a> or income taxes, so they are staying a way from dividend paying stocks. Make a case of why they should buyco them. There are a lot of choices, even now. What should investors be looking for, are there any themes in choosing the best dividend paying stocks . You have three stocks that youre going to recommend to us, the first one on the list is boeing. Tell us why you like this one, even though the stock has been soso this year. Johnson and johnson on the New York Stock Exchange<\/a> also on your buy list. Tell us what attracts to you this one. David, you gave us the name of a Little Known Company<\/a> that is on your list, tell us what it does and why you picked this one. Any disclosures, david, do you own these stocks . All right, thanks so much, have a great holiday. Well see you soon next time. David pelletier, Portfolio Manager<\/a> at the streets. Com. Slow rog in 2012 slow progress in 2012 of women moving into top positions, in boardrooms and the executive suite. New research from catalyst shows 16. 6 of fortune 500 Company Directors<\/a> are women, up from 16. 1 last year. 14. 3 of Company Executive<\/a> officers are women, up from 14. 1 a year ago. As for c. E. O. s, the number of women on the fortune 500 will hit a record 21 on january 1, when Phebe Novakovic<\/a> takes charge at general dynamics. Recently i talked with catalyst president ilene lang and asked her whats Holding Women<\/a> back. The reason women dont get to the top jobs is because in their careers they are not tapped for the assignments that would really give them that breakthrough experience where they have the experience and the visibility that they have done what we call top jobs. Women and men get leadership training, they get sent to classes, they get coaching, they get sponsorship and mentorship. But at the end of the day, the jobs that the men get have three times the budget, twice the staff, much more international, even among women who say theyre ready for an International Assignment<\/a> they want to have one, much higher percentage of the men who say theyre available are tapped for them than women. Susie so whats it going to take to get more women to become c. E. O. S . Right now there are only 20 women who are c. E. O. S of fortune 500 companies. When i first started out as a business journalist there was only one, Catherine Graham<\/a> of the washington post. So if theres a magic bullet, the magic bullet is something we call sponsorship. Sponsorship is like mentorship, but it also includes actually putting a person forward, endorsing her and saying she can do this job. And we are seeing progress. We are seeing that the minute a woman is endorsed by a powerful man, suddenly shes visible. Suddenly shes board qualified, suddenly shes ready. And it busts that myth that says that there arent enough women. This is not a supply problem. But it is a conventional thinking problem. Susie what is the impact of having women in board rooms and in the executive, ive noticed that the ber views ive done, women c. E. O. S like the one from you duponth and xerox, they have a different leadership style, but the does it make a dumpbs . Companies with women on their boards have a higher Financial Performance<\/a> than those with fewer. The Research Suggests<\/a> that its because when you add diversity, you get more points of view, more background, more critical thinking, more opportunities examined, more solutions considered, and you get a better result. There also is evidence that theres more innovation because the more you mix different points of view, its kind of cross functional, points of view and backgrounds, you get breaks of thinking. Susie sounds like you are seeing some progress, and one of the trends that youre expecting for 2013 . I think today every time theres an opening and an opportunity, people are expecting to see women as part of the mix. And i think that is a huge difference. So when were talking about appointing a new senator, or electing somebody, or appointing a member to a board, people are saying why not women, because theyre used to seeing more women in more leadership positions, and that has a real role model effect, but it also changes peoples perspective about who can be a really strong contributor. Susan so whats your advice to young ambitious women just coming out of college or those who have an mba or law degree and want to ride to the top . I think they should build their careers in places where they can see that there is support for women and where women have been successful, and that could be a Large Company<\/a> that has women at the top. It could be an industry where women are really flourishing. But theres no denying were going to see a lot of women in a lot of places, and theyre going to be very successful, and thats fantastic. Susie our partners at Stanford Susie<\/a> our partners at Stanford University<\/a> have new research on how women in business tend to turn traits like confidence and assertiveness, on and off, to fit the situation on their climb up the corporate ladder. You can learn more on the web. Just head to nbr. Com, and look for the nbru tab. Tomorrow on nbr, the markets are closed for the christmas holiday, so we bring you a christmas treat, made in america. Its a special edition looking at unique companies, big and small, building jobs and community. When it comes to christmas decorations, americans on average spend 50 decking the halls. Allison worrell takes us on the job with a hired hand helping roll out the holiday cheer. Reporter snowy scenes like this one are what Many Americans<\/a> think about when it comes to a picturesque Holiday Season<\/a>. But clear skies, sandy beaches, and highs in the 70s . Not so much. And when you think about holiday decorating, florida probably isnt the first place that comes to mind either, but the holiday decor business is doing quite well in the sunshine state. The clients were calling on are the rich and famous. Theyre professional athletes, theyre industry leaders, and were in the business of complete sales, service and installation for these types of people. Reporter David Shindler<\/a> has been in the christmas business for more than 20 years. Hes a franchisee at holiday decorating Firm Christmas<\/a> decor. Well custom decorate well over a couple hundred homes this year, and part of that is complete Custom Interiors<\/a> and custom exteriors. Reporter if you want your house to look like this, youll have to have a lot of this. Prices start around 1,500, average 3,000, and can run as much as 20,000 for some of their bigger commercial clients. Shindler describes this waterfront Fort Lauderdale<\/a> home as one of the more modest residences hes decorating, and he says his team of Seasonal Workers<\/a> give customers a look they couldnt do on their own. Were using very specialized product, were using very specialized installation techniques. And the overall outcome is astronomically more impressive than even your most talented homeowner could do. Reporter so what does his home look like during the holidays . Its not the best house we do much, to my wifes dismay. She does not understand why that is, but sort of the old adage of the shoemakers children always go barefoot. Reporter allison worrell, nbr, Fort Lauderdale<\/a>, florida. Susie have a great evening everyone and a wonderful holiday and well see you right back here tomorrow night. Captioning sponsored by wpbt captioned by Media Access Group<\/a> at wgbh access. Wgbh. Org uncer theme music matt elmore welcome to imagemakers a weekly showcase featuring the best short films from around the world. Stay tuned and enjoy the filmmakers of tomorrow today on imagemakers. Imagemakers is made possible in part by a grant from celebrating the vitality and power of the moving image. And by the background talking jack so youre going to be like this all night . Lauren like what . Lauren, look . Just stop i dont. I dont want to talk about this here. Why not","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia903205.us.archive.org\/24\/items\/KQED_20121225_090000_Nightly_Business_Report\/KQED_20121225_090000_Nightly_Business_Report.thumbs\/KQED_20121225_090000_Nightly_Business_Report_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240620T12:35:10+00:00"}