portugal but overall it's scary to ef havers. and that had pushed money into asia. but recently with the drop off in some of those markets, suddenly the u.s. equities are look better. it is et er for a lot of investment banking dealings and asset management piece of the business of banks. >> tom: fred finally s there a part of the banking industry that you're advising investors to avoid in 2011 even if the financial reports look pretty good? >> well, we really think what you need to at least be cautious is those banks that still have tarp. that means they have yet to be able to increase their dividends. that means they also are going to be probably out there raising some capital which is a tough place to be as a shareholder. so that's really the area of the banks where we're pretty cautious. on the other hand those that can raise dividends, that's a big deal for the banking industry and we think it will drive pretty big returns this year, not great but pretty good. >> tom: we've heard expectationsing look for those dividend increases to possibly begin in the second quarter. our

the stories in the question is whether italy, spain and portugal will be able to sell their own bonds this week. if interest rates are at those auctions, rather, are too high the debt crisis in europe could spread. suzanne pratt takes a look at what europe's woes could mean for u.s. stocks this year. >> remember what >> reporter: remember what europe's debt crisis did to u.s. stocks last year? well, those worries are back. at issue now is whether the weak economies of portugal, italy and spain can successfully sell billions of dollars in bonds later this week. it is the first such auction this year. a rough reception will raise new questions about whether europe is doing enough to stop the crisis, which began last year with greece. global market strategist stu schweitzer says wealthier european countries such as germany and france need to step up. >> the question is at what point will the rest of europe bail out these troubled countries and how much market distress and disarray will have to occur before they decide to go ahead and do so. that disarry could spell trouble for u.s. stock

euro zone, it is coming down this year. ireland or greece or spain or portugal will default, the banks will come down, the euro zone will be yesterday. >> eleanor. >> don't ask/don't tell. the congress is acting as if they didn't or if they don't the courts will act, and we're going to end he that policy which has been really unfair and is a violation of the civil rights of a number of people. >> margo. >> cap and trade, and any other legislation that's linked to this now discredited notion of man-made global warming. >> mark. >> the two national fiscal commissions after the congress and the president went through with a trillion dollar deficit program, that so-called tax bill that's just going to add a trillion dollars to the deficit. politically irrelevant. >> destined for political oblivion, florida independent charlie crist. he was once a finalist for the gop vice presidential candidacy. today he's a talented politician with new home. today, he's toast. pat. >> >> sarah palin beats a halibut to death in a boat, blows away a friendly caribou who is approaching her, and raises the ra

as yesterday on both the big board and the nasdaq. portugal's prime minister said his nation will not need a bailout and won't ask for one. that's despite being prodded to do so by other european nations. the trans-alaskan pipeline is still out of service. it's the fourth day the pipeline's been down. it normally carries half a million barrels of oil a day. oil prices topped $91 a barrel, closing up $1.86 at $91.11 in new york trading. and the presidential commission investigating the gulf oil spill disaster released its final recommendations today. it says the oil industry, congress and the white house all need to do more to prevent another disaster. the panel came up with 15 ideas to head off another spill, from bigger budgets and bigger penalties to better training. >> reporter: i'm diane eastabrook. coming up, some of the hits and misses at the north american international auto show in detroit. >> susie: how do you grow jobs and bring down the nation's unemployment rate? the u.s. chamber of commerce is on a mission to get jobs for out-of-work americans. it says more free trade

carried out the attack to avenge american drone it strikes. portugal has sold more than $1.5 billion worth of bonds through part of a plan to avoid a financial bailout. the auction attracted high demand, but interest rates are hyperion european astronomers are talking -- are making a stunning discovery. the telescope is identified 15,000 new objects. among them, clusters of galaxies from the largest structures ever seen. the crash that killed poland's president last april was partly the fault of officials on the plane pressuring the pilots to land, according to the official russian report. the late president hapresident e report as a joke. >> it was an air disaster, which shocked the world. on board flight 101 of which wae poland president and dozens of officials. there were no survivors. today russian aviation officials announced the results of the investigation. they held the polish crew responsible. >> among the causes of the catastrophe was the bill your of the crew to make a decision to divert the plane to one alternative it air field, even though they had been notified repeated

. drawn strikes. portugal has sold more than one place by billion dollars worth -- the auction attracted a high demand, but the interest rates are high. european astronomers are talking of stunning discovery is. the telescope was identified 15,000 new objects, among them clusters of galaxies. stay with us, if you can, on bbc world news. the country's referendum will be valid. the afghan capital has been rocked by an explosion. a suicide bomber -- at least four people were killed. almost 30 were wounded. all this during the city's early morning rush-hour. >> the bus was full of members of the afghan intelligence service. they were on their way to work when the suicide bomber struck in rush-hour traffic. >> when we arrived, we saw a motorbike. there were a lot of casualties. i heard a huge bank outside. i hid under the chair. after a few minutes, i rushed to see what had happened. i sell two motorbikes on fire and two wounded people near the site. when i write, there were still alive. >> the teledyne spokesman says they carried out the attack. -- the the taliban spokesman says they carry o

greece or spain or portugal or italy or ireland? >> i don't think any of them would say they've done enough. and they're now in the prospect of trying to shape the next stage of-- you might call it escalation on the reform side othe financial side. but that's really a question for the europeans. i think the important thing is they've made it clear that they're going to hold it together and not take risk that you'd see reignight,. >> rose: what impact did it have on the u.s. economy,let sovereign debt issue in europe? >> i think it hadda a significant impact in slowing the momentum of recovery at a delicate point and the reason why that happened is, you know, most of the world was still, understandably, quite scarred by the trauma of the crisis. the memories were still quite raw, and when they saw this broad erosion in the capacity of the political system outside of the united states to manage what were a very complicated set of challenges, that was very destabilizing to confidence. and you saw equity prices in the united states fall. that was a substantial shock to the american econo