this is "nightly business report" with tyler matheson and sue herera. >> flag flap. major retailers pull items with the confederate flag from their shelves in the wake of the shooting south carolina. do businesses have a social responsibi when it comes ttt rod issues? boomer housing crash took their homes, but now they're back. could this wave of buyers help the housing market? >> beneficial bacteria. how one company is using germs to help you replace your bath products? all that and more tonight on "nightly business report for tuesday, june 23rd. good evening, everyone and welcome. i'm sue herera. tyler is on assignment but we'll be hearing from him just a little bit later in the program. we begin tonight with a po hot potato that is

spilling over into the business world. in the aftermath of the south carolina church shooting last week an intensifying national debate over the confederate flag some of the nation's biggest retailers have removed items containing that flag's image. courtney reagan has more. >> reporte many in southern u.s. states still point to the confeder flag as a symbol of the south. it's on government-issued license plates flown overstate capitals emblazoned on t-shirts buckles, but after th racially targeted tragedy in charleston south carolina the controversy over the flag has been reignited and retailer are among those responding not always so easy for retailers to pull one leff tore change merchandi quickly, particul as more retailers tailor assortments to cater to differt communities meaning inventory can vary from store to store, still walmart, sears, ebay, amaz and etsy.com have decided to stop selling and

prohibit marketplace sellers from offering confederate flag merchandis ahead of amazon's decision more than 29,000 results came up when searching confederate flag on the site and sales had been spiking. according to amazon's movers and shakers page one confederate flag sale had increased more than 3600% in 24 hours. no target dollar general, family dollar or jc penney stores sell any confederate flag-relat products. for "nightly business report," i'm courtney reagan. d organizas hav a social responsi when it comes to the goods and services they offer to the public? karen brener joins us clinical professor of business at the new york's school of business. karen, tha for joining us tonight, and i guess that is the heart of the issue. do these businesses have a >> yes. businesses don't operate in

isolation. operate in civil society. society gives them a license to operate by making certain concessid accommodations to businesses and they employ large numbers of people and affect large numbers of communitie all across the globe. so they are a part of civil society d how they go about doing their business and how they creds are a huge impact. it's not at all surprising that in the wake of this tragedy, the politicians h rallied very swiftly and t retailers have rallied to make changes that probably should have been made quite a long time ago. >> all of the companies that courtney mentioned in her report are publicly traded companies. does that have anything to do with their decision do you think? are they held to a different standard because they sold their shares to the public to

shareholde? not necessarily, but i think that makes them more visible, and so the actions that consumers take and consumers can be a very powerful force as we retailers started the day with this decision and other retailers were a little bit more reluctant and emerged over the course of the day to eliminate sales of products for confederate flags. so the pressure that can be brought to bear by consumers through social media as well as by the media and non-govern organizations beyond regulators or even investors is great and certainly, it is particularly acute for public company. you know the other issue that has been talked about extensivel for the past few years is the use of the redskins trademark and logo. does that fall into this same particul category or is that discussi different? >> well it may get some create

some momentum in tha because of what's happened so swiftly with respect to the confederate flag. unfortunat in th heels of a tragedy, this is what's emerged. it's a positive thing that's emerged. it's unfortunate that it's through a crisis but these are opportunit to seize moments, to eliminate symbols that are divisive or offensive, and i think the decision in the case of the flag and the confederate flag is a good one, and it may provide some momentum to these other conversations where we have symbols that are offensive to certain groups. >> i alsos comes on the heels of that supreme c decision talking ab states of having leeway in terms of what are put on license plates. >> exactly right. exactly right. >> karen, thank you very much. appreciate it. karen brener with new yo school of business. >> thank you. >> on to greece now with the government sits down with

creditors tomorrow to finalize a bailout agreement that will unlock $7 billion euros in aid so that can pay its debt over the summer and details over the possible agree are leaking out and many in greece are unhappy. michelle caruso-cabrera is in >> reporte ano round of protests in athens today. this time retirees who fear they will face cuts to their monthly pension. the government's offer to creditors isn't public yet, but leaked copies show it contains hiking the sales tax to 23% on many more products and services. harry harris is a member of parliament. unfortunately, any deal done under this pressure is not going to be a good deal for greece. it's only going to kick the can down the road for a few months until we actually have a deal that solves the problems that greece has. it's not about fiscal authority which is where the deal will go

away from. >> greece doesn't needmore taxes, such as eliminating the mountain much harder to operate a business and cleshth being the taxes that are owed and the public sector. something like that takes time something greece doesn't have. it means bailout money and soon so it can pay back the internatd and the european central bank this summer. as details of the proposal emerge the country's prime mi alexis tsipras faces criticism for failing toon his election promise. there is a silver lining though after going through four government five years there are no parties left that can make that same undeliverable promise. e with e exception of the neo-nazis and others everyone would have been tried at the government helm and so

they have y t they are going to do ing that they cannot possibly do. they not going to have the excuse anymore. don't tell that to these pensione where t aid is curren56. t workers, 60. something that is likely to change in an effort to lower the cost of the pension system. this former bank worker says many of his colleagues retired at the age of 55. >> 55 sounds very young to retire >> for them i cannot say. most of the women in greece work in a very hard environment. >> which boss can keep somebody to work 65 years old? everybody are looking for new people. >> the next 48 hours could be

decisive. there a whole series of meetings where the leaders of the other european countries and those are greece's creditors look over the plans submitted by the greeks and decide whether or they've made enough concession get the bailout money they need to keep paying their bills this summer. just as this government is being criticized for t concessions that it's making those leaders, as well face criticism back in their home countries. why do their taxpayers have to foot the bill for the grce for nightly business report michelle caruso-cabrera athens. sales of newly built homes rose to the highest level since the recession last month, a sign that the market is building steam. the commerce department says new home sales rose by 2.2% the biggest increase in sev. this as april sales also surged showing continuous progress. and since the housing boom and bust of the last decade nearly 8 million americans have lost their homes to foreclosure. for some enough time has now

passed to again and these so-called boomerang buyers could help drive demand over the next few years. diana olick >> reporte the cano family lost their florida home to fore closure 2007. >> back in 2007 when the credit market crashed i basically ended up jobless and things changed. >> so they relocated to atlanta and to a rental home. now seven years later their credit repaired they are shopping for a home once again. not because they love home ownership, but because the math works. i'm better off owning because it's much cheaper than actually going out and renting a comparab place based on the space that we need. >> lenders require seven years after a foreclosure and four years after a short sale for buyers to be potentially eligible for credit again. so now about 700,000 borrowers are eligible for credit this year and up to 2.2 million will

be over the next five years accordin trans union. from a credit perspective, they're good to go. that is if they want to. >> once you've had a bad experien with something or you've had difficulty with something it may make you reluctant to want to do it or maybe they've found a different way of living somewhere, whether it be renting or something else that makes it more comfortable. >> of the 1.3 million consumers who have now repaired their credit less than half have purchased another home according to transunion. >> there are a multitude of reasons for that. high rent or keeping potential buyers fsa page and others have other issues and some don't like the idea of home ownership, and even the canoes aren't exactly loving the idea. >> it was a life-changing ex to lose your house, but like you said when you go back to saying about most people wanted to own a home because that was always the american dream kind of thing and now, you know it's more of a financial

decision. >> it remains to be seen how much these potential buyers will add to the housing market. that is, whe the math outweighs the fear of jumping into home ownership again. >> for nightly business report i'm diana olick in washington. that housing data and over a possible greek deal initially lifted stocks but the gains lifted a bit ending in sli gains. in the end the dow gained 24 points a the nasdaq added six and that was enough for anotherp 500 tacked on a point. an update on president obama's trade push. in a procedural vote the senate okayed the senate fast track negotiatin authority pushing the package very close to co the effort to strengthen ties with asia still faces hurdles an a separate key bills displacing workers displaced faces a critical procedural vote as well tomorrow. also in washington while the

white hous is set to release new rules tomorrow which will no longer stop families of american hostages from paying ransoms. the obama administration plans to sign an executive order and create a new office that will work with these families however, the country's policy against making concessions to terrorists wil remain the same. boeing has a new chief. the dow component a today that its board has elected dennis mulenberg to succeed jim mcnerney. beginning july 1st, mcnerney has held it for the past ten years, and he has been with the aircraft maker for some 30 years. a lawsuit filed in illinois accuses boeing of building airplanes ventilated the cabin with toxic fumes and now some of those w say the fumes cause them to pass out to ensure the air is clean. phil lebeau has more.

>> the lawsuit accusing boeing of having faulty ventilation in its airplanes stems from a 2013 alaska air flight where four flight attendants got sick including thr who passed out. >> the next thing i knew i was on the galley floor, and the other flight attendant was on the p.a. system just mumbling incoherent i got on that flight i was healthy and i got off that flight and i have never been the same since. >> the other flight attendants say they were breathing toxic fumes because of the way boeing has ventilated thousands of airplanes for decade. it pulls outside air into the cabin through the plane's engines. that air goes through mixers and filters to ensure it's suitable to breathe, but attorneys for the flight attendants say the air can become toxic if the seal inside the engine leaks or

burning oil and other chemicals mix with the cabin air. >> we've known that boeing has known this problem exists since the early 1950s. they know there's a problem. they know there's events and they know the contaminants come in through the bleed air. boeing is comment commenting on the lawsuit and it's her complaint abo the cabin air for years. research has consistently shown that cabin air meets health and safety standards and contaminant levels are generally low. the flight attendants are asking boeing to reimburse them for their medical expenses and they also want the company to put air quality sensors in thousands of airplanes to w crews if toxic fumes are bleeding into the cabin and they want boeing to stop using the bleed air system in future airplanes. right now just one boeing model, the 787 dream liner does not use the bleed air system for

ventilatin. lebeau nightly business report chicago. health care is one of the best performing sectors so far this year. so when we come back we'll take a deep dive into whether that run can . health care stocks have been leading the market leaving some to wonder if that trend can continue. morgan brennan checks up on the sector to see if the rally has . >> reporte hea care stocks are outperforming the broader market up 11% this year versus a 3% gain for the s&p 500. earn growth increased rnd producti a merges and strong demand for care are driving the heady returns and if

history is an indicator that will continu thi summer. data shows over the past decade from june through august health care averaged a 3% increase far outpacing the quarter percent rise launched by the s&p. biotech has been a bright spot and despite of a talk of a bubble brewing, market analysts expect that to continue. >> w definitely see upside here. we have a very strong long-term trend in biotech and there's nothing in the technicals to suggest that that trend is exhauste any way, in fact it's accelerated as we move fo morningstar analyst says drugs are boosting drugmakers. f these firms hit a nice inflexion point in their pipelines looking at areas of unmet medical need and areas where there's no medicine out there so any sort of drug that the biotechs bring into that space is one, received very favorably by the regulatory agency and two, has very strong pricing power.

>> m & a activity has become a huge driver as well. according dlogic, healthcare has racked up the most deals value wise. that's helped biotech, but also managed ca stocks which are soaring as anthem tries to buy cigna and etna makes a bid for humana. a lot of these firms need increase scale to deal with the new health care reform and some of t lasting impacts that that is having on that sector. soe firms need to negotiate with other players within the health care supply chain, the scale really helps them to do that effectively. health care also faces some headwinds mos notably from the supreme cou which will soon rule on whether to eliminat federal subsidies, a move that can triple premiums for millions of americans. analysts say if that happens, healthca stocks could sell off, but they don't expect that to last long. for nightly business report i'm morgan brennan. net flishgs announces a 7 for

1 stock split and that's where we tonight's market focus. the video streaming company says the split will come in the form of a dividend for six additional shares for each outstanding share and the dividend is payable on july 14th to stock owners of record at the july 2nd close. shares shot up initially in after-hours trading. before the close the stock was up a fraction to $681.19. facebook is now worth more than walmart. one of the world's largest retailers. e social media giant is valued at more than $240 billion, pushing walmart out of the top ten largest companies by market cap and the s&p 500. the retailer has not finished on top of the s&p 500 companies by market cap since 1997. shares of facebook popped almost 4%o $87.88 and walmart closed a fraction lower to $72.57. blackberry results missed on both the top and bottom lines. it's technology and software

licensing revenue, however, jumped from a year earlier and profit margins were also better th expected. ceo john chen is optimistic . >> i think this is a business. we think we can make money -- and we have a couple of new phones coming out toward the end of this calendar year and we'll see. we're bullish on it. >> nonetheless, shares of the smartphoner tumbled more than 4% to $8.81. it was the opposite story for darden. the parent of the olive garden and other restaurant chains beat analyst estimates and also says it's planning to spinning off its real estate assets into a real este investmt trust ore a reit. it will lease back most of the properti involved. shares were up a penny to $69.39. singenta has rejected monsanto's $41 billion takeover offer. the bid undervalues its business d regulatory concerns

among other things and monsanto fell to $112.78 and singenta was off a fraction to $86.19. entreprenes from all over have descended on los angeles to attend the cnbc iconic conference. tyler math son was there and he says this time it's all about company branding. thank very much. i've spent the day at iconic 15 which is the sec stop on our iconic tour where we celebrate and teach entrepreneurs and financiers about the entreprene ecosystem in the country. today's discussion is largely about th power of branding and what brand and stand for. out of all of the brands out there, one really does stand out in the domain registry area and that is one you probably know. godaddy, known for its advertisin that from time to time pushes the envelope. >> we asked the founder of godaddy, bob parsons about his

advertis and what he thinks of it. >> advertising, it's like the fact i had a party. it doesn't offend anybody and he doesn't get any action. >> good advertising. so the advertising for godaddy, if anything too mild says founder bob parsons, a colorful chara who pushed the envelope with his branding message. ba to you. >> thank you so much ty. coming up replacing soap with bacteria? we're going to show you one company trying to do just that

here's what to watch for tomorrow. final read on first quarter gross do product, the broadest measure of economic activity is out. progress at tomorrow's euro group pleating on the greek debt crisis could be a market-movingt and more housing data with weekly mortgage applications an earnings from home builder lennar and that is what to watch tomorrow. has fined four makers of liquid nicotine used in the electron cigarettes over packaging tha is easy for children to open. the firms must pay a combined $95,000 an in develo all part of a law enacted last year requiring these child-resit containers. finally tonight, just imagine ditching your deodorant for a can of spray-on bacteria. scientists companies are using the trillions of organisms th live on us to help deal

with what's going on inside us. meg te >> reporte tierice is a self-procld gm phone. the 50-year-old san francisco area res debt says three months ago that all changed. i just like the idea of something tha natural and you're not using artificial chemicals. a really big fan of that. i just want to use natural products every day for the last three mo tyrice has had live bacteria the mist contains am bacteria what the company calls aobs. this can help users cut back on soerngs deodorants and shampoos. >> company's hypothesis that humans evolve that it has a natural component of our skin and for the last 50 years, with advent of cleaning and

hygiene routines and anti-bacte products. we've lost aobs from our skin and also lost a key through a regulato element from our skin metrobiome.e trillions of microorganisms live in and on us. research has shown those many bugs have huge implications for our health from regulating our immune system to affecting our metabolism. sunny baits uses the spray. she says its helped her cut out deodorant. >> it's not a good thing. how can bacteria be good? it can be great. >> it has thousands of customers using its spray which costs $99 for a one-month supply and it was back ordered after it was featured in "the new york times" magazine last year. >> in general people are looking at the wor around us and wondering why we've had more lotions and potions and we have

continued to have more and more health problems whether it's skin or other things that are re a.o.biome is testing for acne and other skin problems, as motto, bacteria is the new black. wear it every day. for "nightly business report" i'm meg terrell. >> that does it for nightly business report for tonight. i'm sue herera. thanks for watching and we'll see you right b ♪ ♪