this is "nightly busines report" with tyler mathisen sue herera. it is a good deal. a deal that meets our core objectives. this framework would cut off every pathway that iran could take to develop a nuclear weapon. >> world leaders reach a historic understanding with iran over its nuclear program and the oil market and investors take notice. piece to the puzzle. wage growth missing from the jobs picture but is that about to change with tomorrow's employment report? and keep on trucking. what the big rig industry has working in its favor that other sectors don't. all that and more for "nightly business report," thursday april 2nd. >> good evening, everyone. and welcome. investors across the globe have

been waiting for a breakthrough. today, they got it and it was historic. six world powers and iran announced a preliminary agreement to limit that country's controversial nuclear program. the deal ends weeks of tense talks and comes a couple of days after the self-imposed deadline. the agreement includes a sha decrease in the number of iran centrifuges. access to uranium mines. and sanctions. president obama said the deal was a long time coming. >> i have always insisted that i will do what is necessary to prevent iran from acquiring a nuclear weapon and i will. but i also know a diplomatic solution is the best way to get this done and offers a more comprehensive and lasting solution. it is our best option by far. >> oil prices fell on concerns that today's deal could lead to an easing of sanctions on iran's

oil exports. potentially flooding the market. west texas crude lost about 2% to settle at $49.14 and brent dropped $254.95. john harwood, it took a long time to get to this point and now the really hard part begins. >> it's going to be very difficult, sue, but i got to tell you, this is a very satisfied white house tonight. the president believes he has vindicated in his approach of engaging with iran pursuing a diplomatic deal. he was vigorous in defending it challenging congress not to try to block something that allies like germany, france and britain had all consented to as well as the russians and the chinese. so he's feeling very upbeat. the question is going to be how intense is that resistance from republicans in congress. john boehner, the house speaker, just went to israel to visit with netanyahu, the prime

minister. netanyahu has been very outspoken against this deal. >> john as you mentioned early today and the president in his remarks, nothing is agreed to until everything is agreed to. there are lots of drafting challenges and t's to cross and i's to dot. >> that's right. i talked to a bunch of foreign policy experts. republicans and democrats alike impressed by the amount of detail. thought it was more substante they expected from the framework but emphasized there are various specifics they want to see, the nature of inspections. what happens to uranium? that has to be worked out by june 30th and some think the deadline needs to be firmer negotiations spilled over in switzerland. >> john you mentioned prime minister netanyahu. what does the understanding, if you will do to relations between the u.s. and israel? >> they've been very strained.

netanyahu came to washington and in front of the president in a manner of speaking really undercut the deal. the president was due to speak to him this afternoon. we haven't heard netanyahu's readout of that call but we did hear from an israeli government official said the smiles in switzerland belie the terrible reality of this deal. so certainly, initially, israel hasn't changed its stance. can the president get netanyahu even behind the scenes to not be quite as intense in his reaction in hopes of steering off congress from blocking it. >> we will see. john thank you. john harwood at the white house tonight. well stocks closed higher snapping a two-day losing streak on the last trading day of this holiday shortened week. upbeat economic reports added to the positive tone. factory orders up 0.2% in february. the expectations there for a slight decline. and john claims droppe sharply. more on that in a moment.

at the close, the industrials up 65 points to 17,763. nasdaq gained 7 as did the s&p 500, closed at 2066. >> now to that jobless claims report. the labor department said the number of americans seeking first time unemployment benefits fell 20,000 to 268,000 last week. close to a 125 year low and 15 year low. sign of continued improvement and attention on wages and any signs of growth. steve liesman has more. >> reporter: the job market has been on a tear. 3.3 million jobs created just the past year. the most since 2000 but during much of that time wages for average workers have been lackluster staying at about 2% yearly growth. but could that be about to change? now that mcdonald's joined

retailers like t.j. maxx and target offering to rank and file workers, the question is we're in an age of wage hikes and what that could mean for inflation and the fed. >> obviously, there's a number of companies including a big one, walmart, which has raised wages. on that level, this is pressure up on wages which are. >> reporter: we look at wages friday in the march jobs report where wall street economists look for growth of 248,000 jobs the 13th month above the 200,000 mark but forecasters are still looking for muted wage gains of just 0.2% for the month. and there are other concerns about this report. it comes amid a slew of weak economic data including consumer spending and manufacturing, creating some anxiety that this jobs report could disappoint. >> we had a big shock to the economy at the beginning of the year a combination of the decline in oil prices and a much stronger dollar. that creates a lot of uncertain any terms of forecasting.

>> reporter: aert with wage gains to boot could raise questions from the other side like budding inflationary pressures and a fed behind the curb. in truth, wages are still a long way from sparking any inflatn but then again the fed is at zero. so rates are a long way from being able to put the brakes on inflation. for "nightly business report," i'm steve liesman. >> we've been reporting for weeks now that the economy has gotten off to a sluggish start this year and today, the federal reserve bank of atlanta cut its growth projection for the first quarter all the way down to zero. that is a drop from 1.9% predicted just back in february. j.p. morgan today cut its economic growth forecast by nearly 1 percentage point to 6/10 of 1%. the firm sees a pick-up in the second quarter. official data on first quarter growth will be released later this month. the transportation industry is often considered a leading indicator of the economy and those got off to a rough start this year.

there are pockets of optimism. morgan brennan has more. >> reporter: it's been a rocky road for transport stocks. the dow jones transportation average has fallen 5% this year. on worry that first quarter earnings will disappoint. but analysts say that selloff has created some deals, particularly in trucking. >> right now, we're recommending truck load stocks to investors. truck load stocks benefit from falling oil as do the truck load guys can capture about 85%, almost maybe 87% of their fuel costs. fuel decline helps them on the cost side. >> reporter: diesel more than a double cheaper than a year ago meaning lower expenses but making longer hauls by cost more cost-competitive with rail growth. and capacity remains tight, expected to drive up rates trucking companies charge shippers to move goods and since many companies operations are largely domestic the stronger dollar is likely to have little impact on earnings. in fact it could benefit given

the consumer centric goods being moved. plus trucking should also get a boost from the west coast port backlogs since it's the fastest way to get cargo out. analysts say there's a number of names to consider. >> i think we're in a multiyear cycle for truck load sectors, we like the truck load names including covenant transportation night transportation and swift transportation. >> rep the risks, perhaps a slowdown in the u.s. recovery. if economic growth wanes back to trucking volume and also, the industry continues to face a fierce labor shortage. the short fall as many as 40,000 drivers. that number could climb with demand a scenario that could hinder service times, push up labor costs and ultimately weigh on profits. for "nightly business report," i'm morgan brennan. an update now to a story we've been reporting on all week. the indiana sena and house have approved changes to the religious freedom law. the bill goes to governor pence to sign. in arkansas governor hutchison signed his state's amended

religious freedom bill one day after refusing to sign an earlier version of it. still ahead, the stock you likely never heard of that our market monitor said will rise 40% over the next year. she'll reveal it and explain why stra. european regulators may be getting ready to move forward with the most high profile anti-trust case with microsoft. as first reported by "the wall street journal," the european commission laying groundwork to

bring charges against google. regulator reportedly been asking companies who file complaints to make part of their submissions public. the investigation which has been active now for years examines whether google abused its power as dominant search engine. the average rate on a 30 year fixed mortgage barely budged last week buremaybing close to historically low levels. freddie mack said 3.7% last week. remains as the spring home buying season gets into full swing. the housing market may be heating up this spring but the mortgage market is still relatively tight. big banks still gun shy for losses years back just not being as generous with loans to home buyers. that's opening the door wide to non-bank lenders. they're walking right into the mark. diana olick has our story. >> let me see. >> reporter: shia got a lead on

the perfect for their growing family but in today's tight market they had to move fast. >> i knew that if this house were on the marki would never get it. i bought it before going on the market. >> reporter: they bought the maryland home from charlotte based movement mortgage a non--bank lender that promises to close loans in just a week. >> the fact it went quickly, we didn't have to stress about it, worry about it really helped. >> reporter: customer service and more aggressive rates are giving non-bank lenders the edge. their share of the market more than doubling in the past four years. names like quicken, penny mack. picking up what big banks are leaving. >> shadow of the bank of america headquarters building and number one purchase share by offering great service to the homeowner. >> reporter: crawford admits to poaching talent from big banks and said it was pretty easy. >> they have not allocated the resources to make their service competitive and yet have given a

lot of opportunity to smaller guys like ourselves and i think a lot of people and talent inside the big banks got set up with that. >> reporter: with private capital not returning to the mortgage market non-bank lenders largely have to sell to fannie mae and freddie mac. that should keep risks low but at the same time not limit creativity. for "nightly business report," i'm diana olick in washington. all the controversy surrounding lumber liquidators weighed on sales. that's where we begin tonight's market focus. the hardwood flooring maker a dropoff in sales media reports accused of selling with higher levels of a known carcinogen. the company denies the allegation and manages to post better than expected results. up to $23.20. car max posted a big jump in fourth quarter profit as its used car sales, she tried to say, were strong. specifically luxury vehicle

sales helped bolster the results. shares popped 9% to $74.73. auto nation also benefitting from a rise in new vehicle and luxury car sales. the ceo said one car in particular helped performance. >> if you look for the industry all the increase is in trucks and this is still with the number one selling vehicle the last 35 years, the ford f-150 in changeover. we still did not have full availability but we have enough now that i can tell you the customer acceptance of the f-150 is off the charts. >> and shares were up 1% to $64.47. ibm reportedly hired banks to help it defend itself against activist investors. according to reuters, big blue's top shareholders are pressing active hedge funds to take interest in the stock and maybe move it up. shares were up today by a fraction, $160.45 was the close. simon property announcing $2

billion share buyback program this after mays rich its rival mall operator rejected $17 billion takeover bid. fraction up to $195.36. >> now to our market monitor guest. expected to rise 40% over the next years. marianne and senior investment analyst with asset management firm with $750 million under management. nice to have you here. >> thank you, glad to be here. >> overall, how do you feel about the market? some are overvalued by some estimates or richly valued but you're still seeing a lot of opportunities, so kind of give me the big picture, if you will. >> yeah. i think just looking across the market we're probably expecting flattish to up 5% for the s&p 500 for the full year. and a lot of volatility like we saw in the first quarter where it was up as much as 3% and finished the quarter flat.

but the pockets where we see opportunity tend to be in the technology area. and so i have three names i'm really fond of in that area. the 40% grower you alluded to be would be cray. this is the super computer manufacturer. they're multi-million dollar pieces of equipment. sales are lumpy. not enough parts to go forward with certain projects so they had to put investors off on earnings. >> they have been down quite a bit over the company issued that cautious outlook. so i would assume that you feel that that really adds to the value. >> i do. in the last six weeks, i think he's gotten a great opportunity to pick up the shares here to get 40% growth. >> let's move on to your second pick and i note that you really like growth basically and sometimes you like growth with a little income. your second choice is a very expensive stock. at least in terms of its, what you have to pay to buy a share.

that would be priceline. >> yes, priceline. word to management split the shares. that would be great. but as far as the dynamics o 95% of earnings come from europe. and it's hurting them right now with the dollar being so with the euro being so weak. the dollar being so strong. but we think that will turn over the course of the year as the ecb's actions, you know, work in their favor. in the meantime we think there's a lot of activity going on on the u.s. side. with bookings towards europe. it's a great value right now. there's pent-up demand and then you know six to nine months out, we think we'll see the european side working. and then the bookings come fairly early. >> third choice is cisco food was services. that's a consumer play i would assume. >> yes, i think of them as a technology play because it's a high volume low margin business and as they implement

new processes and services they can increase that margin ever so slightly but on big volume it pays off big on the bottom line. and this is one that will benefit from an acceleration in inflation on the food and paper side. so, you know as we see people going to restaurants, we've seen the restaurant stock pays off. this company benefits across all types of restaurants across all geographies. and they just are really a technology place. >> you've given us three choices that you like. how long do you hold your pical holding and what would be an example in one of your portfolios that you just loved for years? >> right. well our typical holding is about three years time. so we give it about a year to, you know work its magic. along the way, of course we're constantly seeing if there's any changes to the investment pieces

at would, you know, cause us to exit a position, but one ones we've held for years and years is visa. and that's one that we bought back when the durbin act was overhanging the name and, you know it's done extremely well if you can pull up that i don't know five year chart, i guess, since the durbin time. >> marianne we'll leave it there. thank you very much. marianne. >> thank you for having us in. ty? there's a new hot player in hollywood but you won't see his name in lights. it's china. that country has been doing deals and ramping up investments in the most american of industries movie making. as julia boorstin reports, both e betting that there's lots >> reporter: the biggest new star in hollywood is china. chinese media companies have been on a hollywood investing streak and studios are looking to tap into the valuable chinese movie-going market. it has the world's fastest growing box office expected to

surpass the north american box office as soon as 2017. >> well china passed the market for us and some of the last few months we've done better in china than we've done in the u.s. and if you look we don't only do u.s. movies in china but chinese movies in china. films people haven't heard of such as wolf totem or dragon blade. >> reporter: moved into china 16 years has 215 theaters there and plans to double that footprint. last year sold a 20% stake in chinese business to chinese investors. chinese conglomerate tcl bought naming rights to this. originally the growlings chinese feeder looking to brand with the iconic spot. plus a slew of investments in u.s. content production. just this week the media agreed to co-finance at least 18 movies. this follows a big announcement from lionsgate, the studio

behind the hunger games. it's partnering with hunan tv group with co-financing and distribution deal. >> this is a market we're going to do a lot of business with. the idea we can have a great partner in china and invest, that's good news forus. >> reporter: the hollywood china love affair infiltrated the trade publ reporter this week thinks the content partnership with china's ten set. for "nightly business report," i'm julia boorstin in hollywood. coming up what the business world is doing to help the millions of people around the globe with autism. on this autism awareness day.

here's what to watch tomorrow. stocks closed for good. you can't watch them. but the labor department will reach the march employment report. you can watch that in the morning and we will have numbers tomorrow evening. that is what to watch and not watch tomorrow. microsoft turns 40 and it's been very good to investors who purchased shares early. microsoft went public in 1986. since then, it's had nine stock splits and has issued many dividends microsoft, if you purchased 100 shares at the close of its first day of trading, not the ipo price but the closing price of $28 a share, and you factor in all those dividend payments and split adjustments, that investment today would be worth

$1.7 million. b&b expanding into all places cuba. home rental service began offering accommodations to licensed travelsersers countries. air b&b could be the biggest in latin america. the decision comes less than three months after united states announced it will ease travel restrictions to cuba. today is the eighth annual world autism awareness day dedicated to bringing attention to those people living with this disorder but what exactly is autism and where do we stand on treatment? meg tirrell has more. >> reporter: rhonda kelly changed the light on front porch to blue every april. their daughter, taye begangan, has autism. now 7, doesn't communicate verbally. now uses ipad to express what she wants. >> these are just normal people. they communicate differently than we do they express

themselves differently than we do but still have thoughts and feelings and es just the same. >> reporter: a range of diagnoses under the umbrella of autism spectrum disorder. cdc finds it as a group of developmental disabilities with social communication and behavioral challenges while the advocacy group autism speaks calls it a group of complex disorders of brain development. >> we think it's really an interaction between genes making vulnerable to those environmental risks and then the environmental risk factors, so those things somehow acting together. >> reporter: autism spectrum disorders affect more than 3 million americans according to autism speaks and tens of millions worldwide. the prevalence is increasing. in u.s. 1 in 150 kids had autism in 2000 according to the cdc. in 2010, that had risen to 1 in 68 kids. the reasons for the increase aren't entirely known. it's thought to be partially due

to increased diagnoses, but not completely. treatment is mainly behavioral therapy but there are medications, mainly for symptoms. >> the corner stone for treatment right now is behavioral and educational intervention and the earlier they start, the bette these kids will do the better their long-term outcome is. >> reporter: companies have johnson and johnson have pfizer had programs on autism and increased focus in the community on appreciating what's known as neurodiversity. valuing neurological differences without seeking to cure them. >> i don't want to change my daughter's personality. she's funny, she's playful. she's, you know, almost sarcastic don't want to change who she is but my concern as a parent is, you know rhonda and i won't be around forever and we want her to be able to live independently. >> repor today is about bringing awareness to autism as much as five times more common among boys than girls. the reason according to autism speaks we wear blue today.

for "nightly business tirrell. >> and we wear our little puzzle piece for autism speaks. >> and bob and suzanne, former head of nbc one of the great sort of founders of autism speaks. >> really are. that does it for "nightly business report" for tonight. i'm sue herera. thanks for watching. >> i'm tyler mathisen. thanks from me as well. have a great evening everyone. a happy passover and a happy

the following kqed production was produced in high definition. ♪ ♪ ♪ every single bite needed to be great. >> twinkies in there. >> wow! >> it's like a great big hug in the whole city. >> that food is about all i can handle. my parents put chili powder in my baby food. >> french fries everywhere, all over the table and just a lot of chili.