this is "nightly business with tyler mathisen and sue herera. >> taking the bitter with the tweet. the ceo of twitter is out after months of disappointing growth and growing pressure. >> let's go shopping that's what people did in may as the latest numbers shows hasn't forgotten how to individual stocks. all thfo thursday, june good evening, i'm sharon epperson. i tyler mathisen. stocks rise on strong retail sales, more on that in a moment.

but one of the most talked about social media stocks twitter. call it #you're out. ceo dick costolo is stepping down. cofounder jack dorsey will come back and take over as interi from investors and the that the company's growth w trading. st and executive lal for a company that's had a yey since chief operatii ragani left the company and its of twitter, for not communicating unfavorably

to growth and oths it's pingcked up the way. twitter had a difficult report with revenue and guidance coming in below expectations. the question is what happens now under jack dorsey, does he endh company to run and didn't seem interested in the job. does twitter g and all of those possibilities sending the stock up after hours as investors di twitter. numbers that tyler mentioned at the beginning of the broadcast which showed that americans stepped up their spending in may. retail sales rose 1.2% following

a much smaller 0.2% gain in april. when people are willing to spend, that's typically a sign they feel good about the economy and their own job prospects.s more. >> consumers cocooned for most of the winter is spreading their wings. retail sales rose with a surge in car sales and clothing capping a month of better economic news that shows the economy rebounding decently month now of better data in the economy. good auto sales and now the broad retail sales report. you kno weak in recent months and this kind of takes a step closer to where i think we should be. the u.s. consumer hasn't forgotten ho the sharp turn around from th claims

for jobless insurance suggest the rosier employment picture should continue this month. together with better wages, the data is painting a picture of an economy with dy consumer. >> i think there are good signs for th md we're hearing the big companies out there raising wages and i think all of that plays very well for the consumer. continue. gas prices have fallen and economic rebounds have proven short lived. but the federal reserve reported today that household net worth rose new record. there was solid growth in reason i think the consumer should be spending agai >> those retail sales numbers

sent stocks higher and then a dramatic end to the meeting between greece and the creditors. when the international monetary fund known as the lender of last resort walked out shares. by the close the dow jones industrial average was up 38 points to 18,039. it had been up 109. the nasdaq finished the day higher by five and the s&p 500 gained three. michelle ctoday, the internati monetary fund walked out, saying the talks are going nowhere. the imf said it's up to the greeks to come back to the ta most recent blowup comes after a late night meeting between angela merkel and

francois see press and no deal. the greeks need the last $7 billion euros by june 30th if they're going to be able to pay back the imf. they needed to pay government workers and their pensioners. anhe parliaments. so this week it's critical. a key sticking point -- pensions. the lenders want the greek government to force people to retire much later. that would lower pension costs. thus far, the change suggested e the greeks don't get a deal by june 30th they won't immediate all their obligations and they'd likely default on the imf and they might not be able to pay their workers and pensioners. plus the ecb could cut oe greek banks which could shut down the entire banking system economy to a halt. e to hold off on raising

interest rates until next year. the bank said that keeping rates at r witnessed during the so-called taper tantrum in 2013. the world bank cut its forecast 2.7% from 3.2%. the number of americans who filed new claims for unemployment benefits rose slightly more than expected last week. despite the rise the number remains at a level that's consistent with the strengthening labor market. according to the labor department initial claims increased 2,000 to a seasonably adjusted level of 279,000. change in the murdoch media report as first reported by cnbc's david faber. murdoc as chf executive officer of 21st century fox. he will hand the title to his son james.

rupertd his older son lock lap will take on the role as co-executive chairman. controls 40% of the voting shares at fox through the must century fox were off a fraction. a massive now, according to multiple reports some big oil companies have contributed $345 million toward a fund to compensate victims of that disaster. the creation of the fundom morgan brennan has more. >> it's been almost two years since 47 people died in northeastern canada. the result of a fiery derailment involving a train moving highly volatile crude oil from north avoid litigation have agreed to pay into the $345 million fund for victims of the accident.

"the wall stre j reports royal dutch shell, marathon oil and conocophillips and others havde a usually blamed on the railroad car main an railway. the company sought bankruptcy protection. if the fund is approved by u. lawsuits claiming wrongful death and negligence. marathon oil based in houston sa a cru -- once the crude was pumped out of the ground and labeled. you some companies trying to eliminate additional liability at a later date. and they think they'll be positively viewed if they can victims of this horrible acciea north america.

even with the drop in crud up from almost none before 2009. since the accident in canada there's almost a dozen others involvin highly flammable. but none caused any fatalities. railroads are targeted in derailment cases but some u.s. officials have complained that companies could be doing more to make their oil safer by stripping o trains. it all sets the stage for what could become the next legal and regulatory battle ground one that could ask for more safe. i'm morgan brennan. the irs wad the agency confirmed what many had expected. the agency will work alongside private tax preparation and .

>> the critical thing for taxpayers to kn in 2016. each of us will be making substantive >> and this irs matter isn't the trade and re-authorizati irs, amin. what are some of the protections that the irs is going for? >> this is about protecting in taxpayers. the irs is calling this a new era of cooperation betweenftp individual taxpayer'rf technical

item a real taxpayer out there in the universe. the e hack attack using the irs's only website, tyler. >> amin there's a big trade vote in the house that's scheduled for tomorrow and actually preside seems to be on the same side as the gop. what can we expect there? the trade promotion authority vote they're expecting in the house tomorrow. it will be close up there. there's a lot of cross cuttin a push that might come to the vote befores likely to pass talk to me this time tomorrow and we'll see where we stand. the tr deals are increase willing i controversial with people saying they're killing american jobs and exporting jobs overseas.

trade makes strange let's talk about the export/import yeah, the senate is expected to move on it. critics there called the export/import bank crony capitalism. there's a chance for the first time in the 81-year history they this has enough votes based on the action in the senate that's gone on this week. that they do have enough votes to reinstate the export/import bank. that of course benefits big american companies like boeing by extending loan guarantees to foreign customers who are buying american exports. so that's an i >> you bet. still ahead, why soon to be retirees are piling into one type

hold on the your wallet folks. proposed rates for h are going to rise by the research firm avalar health. it focused on the silver plans. the mid grade, basically. the study says the average monthly premium proposed for 2016 was $448 compared with $423 this year. tyler, mortgage rates hit highs as bonmb fredc shows the rate on the 30-year fixed is above 4%. since late april, the 30-year

has risen 39 basis point. >> let's call this the rise of the zombie. these . t the bank hasn't repossessed it the zombies is rising in some markets. nosome zombi is living in process but not yet repossessed by banks. now, as home prices riseale zombies in high ic the bank is coming back with all their ducks in the row, the proper documentation. e homeowner is seeing the writing on the wall that i'm going to have to leave and move on with my life. >> so while the overall foreclg in market

ups like new york l.a. houston, philadelpa and boston. we looked at some of these zombies in d.c. and in teaneck, new . some at over half a million dollars. once the homes clear the foreclos buyer as well as investors and flippers. that welcome news to neighbors. >> we would love to have people move in and occupy the houses. it makes it seem a little unsafe or a little w you know what's going on with the it's all local. while some zombies are finding owners again, others are not moving at all because the neighborhood hasn't recovered yet. >> there's a legacy of the foreclosure crisis that will be impacting certain neighborhoods for a very long period of time. >> nationwide though bank repo

sessions are ramping up now at a two-year high. the zombie apocalypse once again thwarted. "nightly business r m diana olick in washington. to read more about the zombie foreclosures head t the feud between lululemon and the owner may be over soon. family's stake in the company. it can total 20 million shares a 14% stake fought with the board over strategies reportedly is weighing the option. shares were off 1% to $66.07. the activist hedge fund has disclosed a 7% stake in citrix which sg operations and selling or spinning off corporate assets. shares popped almost 7% to over

$70, $70.39. the chipmaker silicone solutions has struck a deal to be bought by china's uphill investments. this comes a day after i cyprus semiconductor. values the firm at nearly $700 million. shares of integrated silicone were 5% higher to $2. shares of act avent surged af ever raised by a biotech company going public. the firm preparing to start late stage testing of an alzheimer's disease drug treatment. shares doubled, they closed at $29.90. europe regulators are taking aim at amazon and general electric. separa aim. the european commission has filed a formal probe into amazon's ebook business to

rivals. separately european regulators are set to say that general electric's deal to buy the energy unit of france's ulston to hurt competition. amazon up a fraction to $2.97 and general electric fell about 12 cents to $27.51. we want to draw your attention to a move in eli li but no significant news causi the move. the shares popped to a 14-year hi higher on no news at $86.59. investors who are nearing retirement are looking for income and etfs for their diversified exposure to stocks bonds and evt trust. but are they for everyone and should they be in your portfoli.

let me start by asking you about these multiasset etfs. what are they are, what are the pros and cons of them? >> well multiasset etf is an etf or exchange rated fund that has different assets. it has a combination of stocks and bonds and real estate versus the single stock or single bond index. >> you say most investors what i be better off choosing the multiasset individual investors aren't gre at timing the market or picking great multiasset etf you're buying a prepackaged solution. it's an easy one off way to get exposure to different types of markets. how do they compare for example with a plain vanilla bala stocks and equities in it or a foc

on creating income. so they create high yield bonds, infrastructurea single option for retirees. >> investors need to know, they hav n ones that have a lot of liquidity. is that a concern? >> it is. it is very small only 0.4% of the total assets today. if you look at the difference in these etfs, there's a huge dispersion. so are almost all bond like or all stock like. there's territory. it's based on histories that have ten years and it's been back tested. not actual history of the etfs. >> for the three-year period what kind of returns have they

delivering to investors? >> i you have as hiea focused ininvestor you can get to the bonds. that's for the folks who need it so badly right now. thank you. coming up can a one make one mode

here's what to watch tomorrow. th producer price index an important inflation indicator is out and a for aircraft demand saying 40% of new jets will feed asia cease trav for annual airline because of falling oil prices. still t boeing 1%. the latest airline card report shows more flights were on time and fewer were cancelled in april. the best carriers for od delta. the worst were frontier spirit and envoy. well if you're like many waits, mistakes with vehicles being reserved. now, a new company is trying a new approach to renting cars and

phil lebeau has the story of silver car. >> steven richardson travels more than 300 days a year. after reg or feeling nickel and dimed by rental car companies, he hit the breaking point. >> i was incredibly fr go oout of my way to find public transportation or other rides so i wouldn't have to rent from the big rental companies. >> richardson no longer rents from hertz, avis or enterprise. instead, he rents from silver car. an austin texas, start-up founded three years ago by luke schneider. we thought we coul a very simple model. a single make and model of car. and an entirely mobile user experience. silver car rents only silver audi a-4s. using a mobile app, customers make reservations to get a car. either at a spot just outside

the airport or in some location- get you in a car >> there's always consistency. you're only going to get one kind of car. it's a great car every time. >> while there are plenty of complaints about established rental car companies, breaking their dominance won't be easy. many travelers have to use them because of corporate accounts. and their location at airports are convenient. making it tougher for start-ups. >> what i like at silver car, the biggest hurdle p silver car loth >> for steven richardson silver car is the silver lining to his rental car nightmares. >> i like the idea that i know the car i'm going to get. it's the same care consistently every time. >> these audis here at the latest location near o'hare airport means the start-up company has set up operations at ten aior

as silver car tries to redefine the way america rents cars. phil lebeau, c y it. definitely. i like those silver cars. well that's "nightly busine i'm sharon epperson.

the following kqed production was produced in high definition. ♪ ♪ ♪ every single bite needed to be -- >> twinkies are in there! >> wow! >> it's like a great big hug in the cold city. >> that food is about as spicy

as i can handle and my parents put chili powder in my baby food. >> i have french fried bits all over the table. just a lot of