>> face-off. boeing work letters vote tomorrow on whether to unionize in one of the least unionized states in the u.s. and a valentine's day break-up. signa terminates its agreement anthem and now it is getting really ugly. those stories and more on "nightly business report" for tonight, tuesday, february 14th. >> good evening. welcome. stocks keep climbing. the major indexes notched forward. on capital hill, jonathan yellen discussed a rate like could be scheduled for next month. now usually that would cause stocks to fall but not today. the dow jones industrial average was up to 20,0504. the nasdaq added 18 and the s&p 500 added 9. the 15th record close since the election. it is not just the u.s. in rally mode.

bob tells us which other stock markets are on the rise. >> another day, another new high in the u.s. stock market with. the focus on the breakout overshadowing an equally important event. a global breakout. the rest of the world is doing even better new highs like latin america and japan and europe. what's going on? first, it is not just the u.s. economy getting better. after years of stagnation, europe is slowly improving. japan is slowly improving. that's helping corporate earnings overseas. second, inflation is picking up following a reflation trade. lifting prices on everything. the stock market on countries with a focus on commodities are at new highs. what would stock this rally? trade wars would be a big problem. that's an issue many are concerned about the rhetoric on

border taxes. for the u.s., a delay on tax reform or had a quarter with higher earnings expectations. and the fed is not in the clear either. after keeping rates low for years, they clearly want to raise rates. if they do it too fast it could stall recovery. it is a delicate balancing act. it will raise everything from mortgage it is true credit card payments. at the new york stock exchange. >> more detail now on the testify by the federal reserve chair janet yellen. answerering questions. she signalled the fed could consider raising short term interest rates at its policy meeting next month. now how serious that possibility is. >> janet yellen mentioned ever so slightly raising the fed. saying the economy was closing

on the feg. but they wrnltd enough to convince the markets there is even a 25% chance for a like. >> precisely when we would take action, march or may or june. i know people are focused only. >> they are. just so you know, they are. >> which meeting it would be. >> she stuck to her stance that it is way too early to say how economic policies from the trump administration would change the rate or economic outlooks. she added that agrees the reform law that president trump list in the an executive order. also she agreed the need for reducing regulation. >> considering regulatory burden and looking for ways in issuing rules and reviewing outstanding rules, constantly looking for ways to mitigate burden, i think is an important goal.

and it is one that we will strive, have strived in, will strive to achieve. >> but she also started with elizabeth warren. she suggested she is not in favor of a major overhaul. for "nightly business report." >> the president of the research mond feds says it could be sooner rather than later and the market needs expand quickly. he add that the central bank does not want to be in the position where they have to raise rates more rapidly later on if there is substantial fiscal stimulus. it measures the change if prices u.s. companies receive for their goods service ands rose 6 ners january. that was the largest gain in four years.

continue crease largely reflects the advance in commodity prices like oil because strong dollar kept underlying inflation tame. >> small business owners at the highest level cynictown for you. they are increasingly on the miss miss, optimistic. zm today, president trump's pick was confirmed but who is she? >> america's new small business administrator is promising to be an advocate for change at the agency. >> it is my privilege to be here. >> at a confirmation hearing, linda mcmahan spoke out in support of deregulation, financial literacy, growing the program for small businesses. she also drew on her own

experience, launching a business from scratch. >> i am proud of our success. i know every bit of the hard work that it took to create that successful i remember i had to decide to continue to lease typewriter or if i could afford to bite. >> she is best known for co-founding the wwe with her husband many years ago. mcmahan stepped down from wwe and she is now had two unsuccessful of bids for the senate. she is hoping they will work quickly on her behalf. for the national small business association, taxes and access to capital are small businesses. >> certainly, we do the paperwork required. increase the cat.

they need to create capital. small businesses are the ones that are the back bone of this country. >> knile small business and entrepreneurship would like the see them get back to the mission of small business and training. >> the big issues of center tax reform, the complexity of taxes. on the regulatory side, they are burdened by overregulation. and they are certainly, there is a lot of under certainty with regard to regulations. >> may not straem is hoping she'll be fighting for the little guy. >> so from small business to big

business. some are heading to washington to discuss with trump. it is expected they will make their cases against the border adjustment tax. the possible 20% too. imports they say would raise. >> that border adjustment tax is considered a key part of yet to be proposed republican tax plan. it would generate a lot of revv flew to pay for lower corporate and personal income taxes and infrastructure spending. john harwood following the story from washington. how is this border adjustment tax being received on both sides of the aisle and what do we know about how the president feels about it? >> well they're not as involved in the discussions. on both sides of the capitol, they are hugely divergent.

senate republicans are reluctant and agree this could hurt consumers. >> so the overarching theme. can they be adjusted without the border adjustment tax? >> yes. but not as much. they'll be translated into legislative action. you can't get that much progress if in fact you don't have that trill the dollars. >> had where does he stand on it? >> he said initially that it was too complicated. later he took back. he has not sent a strong signal. when i talk to republicans, they say only a strong signal by the president can push this over the finish line. if not, those objections from senate republicans are likely to

kill him. >> the market is looking at the prospect of tax reform and the broader economic had agenda. for example, infrastructure spending. where do we stand on those broader issues? >> well, you really haven't gotten much progress at all legislatively so far from republicans. they have passed the budget resolution but they're still trying to work up their plan to repeal and replace obamacare we do not have an infrastructure plan. we do not have the replacement plan and we don't have a tax plan. sohere isn't consensus. on the key issue of whether or not deficits will be expanded to finance these things or whether they're going to be held harmless, at the level they are now. don't have answers on that. >> a lot of moving parts and distractions these days. >> still ahead, big labor faces a big test tomorrow. why boeing is at the center of

it all. on this valentine's day, there were two big break-ups in the health insurance of industry. first signa of walked away. signa says anthem must pay nearly $2 billion for terminating the deal and is suing anthem for $13 billion in damages. anthem is attempting to appeal. the second break-up, he thinkna and humana. those two companies are walking away from their $34 billion merger. he thinkna will pay the $1 million break-up fey.

the decision on terminate came after have the turnover. >> labor faces the first big test for trump. workers at boeing who are not part of a union are voting to join. it would be historic given the location and the state of unions in america. >> reporter: in a state where blue collar workers are typically not in a union, boeing's plant in charleston, south carolina, is taes of whether attitudes of workers in the south are changing. nearly 3,000 of the 7500 workers at boeing's plant will vote on joining the international association of machinists. if they say yes, they'll join boeing workers in the seattle area who have long been represented by the union. it would also send a message to president trump who as a candidate hoarded blue coloradoar workers but for the most part he did not embrace

leaders. after his electionering feuded over twitter with a steel worker in indianapolis. and he blasted the local union saying if it was any good, it would spend more time working. less time talking. and since taking office, trump has met with numerous ceos at the white house about adding jobs but he has seldom meant fighting for organized labor. does that matter to workers in charleston? probably not. it comes down to pay, benefits and most importantly, job security. when the final vote is tallied, boeing could find it southwesterly even more members of the machinist union and for the first time, they would be at a plant in south carolina which is increasingly important in boeing's growing production of commercial planes. "nightly business report." chicago. >> general motors is thinking about getting out of europe. that's where we begin the market

focus. the automaker has entered into talks with france's p.o.a. group regarding the sale of the unprofitable business. psa would become europe's second largest car maker if it buys. shares rose. the company benefited from an increase in post paid phone subscribers. it topped expectations and they said it set it apart from its competitors. >> most important, we're the only wireless carrier who had double digit revenue growth, overall groet, customer growth. we grew 11%. the whole industry has been declining. nobody has grown service revenue. >> shares rose 1% to 61.60. er strong demand for portable and home generators caused sales

to rise above expectations. they posted higher profits. it was better than expected. still, shares fell more than 6.5% to 39.80. and the mexican peso dragged down results of the dr. pepper snapple. they said it hurt revenue adding that could continue through the year. the company posted revenue matched estimates. shares were down just a fraction to 93.07. >> mattel dlr is selling its products to chinese consumers through one of alibaba's market places. maker of barbie and hot wheels said it would work with alibaba to create new problems. alibaba down nearly 1.5% to 101.59. meanwhile, a strong dollar in international costs. still, the company which operates cable channels, animal

planet and tlc hosted higher than expected profit and revenue in line with expectations. discovery shares down to 28.53. the insurance giant ai gmpbl said a nearly 6 million charge caused the company to post a i had we're loss. but would it add to the buyback program. shares fell in afterhours trading. and express scripps saw revenue fall and missed estimates in its latest quarter. the manager responsible for negotiating with drug companies did post higher profits that beat expectations. shares fell after hours but ended up a fraction. president trump's executive order banning travellers from

seven mostly muslim countries may be on hold but it is still causing trouble and could cost millions of dollars for some investors. diana explains. >> he is a physician in dubai who wants to help his son fulfill a dream to become a doctor just like him. so much so that he invested half a million dollars in a u.s. program that offers green cards for investments that create jobs. he lived if dubai with his family for 20 years was second to the program last summer. but the final interview was pout hold when president trump signed the travel ban. >> nothing except we cannot do anything. schools, university, you have to make a plan. you have to invest.

you have to do a lot. now nothing is certain. >> developers use the so-called eb five program to get low cost funding. each $500,000 investment must generate at least ten jobs. president trump's son-in-law used $50 million worth of the money to develop this rental apartment come pleasure. it has generateds thousands of jobs, green cards. >> people are very concerned. is it going to affect me? what is the next thing he is going on put in place? >> malik and her partner are attorneys who assist investors in the program. >> a lot of insecurity in understanding the current administration and their ability to rewrite executive orders so that perhaps it is more narrowly tailored. >> her son, a straight a student, has already been

accepted to two u.s. universities. but a school sponsored trip to boston was kansas he willed when trump signed the order. >> i felt bad and i felt unfair. why? what mistake we did? i cannot find explanation. >> that she is understandably starting to have mixed feelings with the program as a hold. he has no idea if he'll ever get his family to the u.s. if there will be another executive order banning them. or even if he'll be able to get his half a million dollars back. for now, "nightly business report." >> to read more about the article, go to our website. >> is that apple or smartphone leaking personal information about you?

here's a look at what to watch for. retail sales, industrial prices a few of the economic reports expected to be released. sysco reports sxerngs they will look to see if the big investments in software are starting to pay off. and president trump is meeting with benjamin netanyahu at the white house. airline industry turned in its best performance in decades. u.s. airlines kansas he told just 1% of scheduled flights in

2016. the lowest cancellation rate in two years. the number of complaints about mishanded bags dropped to the lowest level ever. and the percentage of passengers bumped dropped to its lowest mark since 1995. toshiba's troubles are mounting. they plan on writing off more than $6 billion. they will withdraw from the business of building nuclear power plants following acquisition more than a decade ago. the company's chairman is resigning after weeks of speculation. the estimates today could be changed by a wide margin. >> an arrest warrant is out for the snekd command. he is wanted as part of investigation into a graft scandal. a first attempt to take him into custody was rejected due to a

court order. the biggest company and the heir apparent are at the heart of an investigation into influenced peddling that has led to the impeachment of the president of the south korea. >> if you own a smartphone, you likely use apps every day. there are things you should know. that apple you trust could be given out information. andrea day with what should you watch for before you download. >> from games to news to navigation. >> turn left. >> the global app business tops $140 billion a year. get this. more than 10 million down loads every hour. with each and every download comes to risk of leaking out. >> just by you hitting a single button. anything they may have put into that stool vulnerable. >> he is a vp at the firm.

the recent study under covered more than 200 mobile a.m.s and websites leaking personal data. >> they were not aware that this many brands were not protecting that information. >> major brands we won't name here. but he says his group alerted the developers. >> i've seen them react by having a new app in 24 hours. in some cases, they don't even pick up the phone. there's so much for them to have an app available for their smerss that there's a push to get to it market. >> some of the findings, close to 60% coming from news, sports and many shopping had adds. and they were found leaking personal data. >> about 85% of the date pleeks we saw actually included a password. if you think about the combination of a user name ask a password, that's all you need to

get access to everything else. >> and he said fake wi-fi hot spots are on the rise. making the insecure info easy to grab. >> floss attack required on a global device when it is freely giving away information. >> his advice? think twice before giving information. >> a company with a free news feed shouldn't be asking for dates of birth and social security number. >> and read reviews before you trust any app. don't be patient zero. give the app some time to sort the kenks out before you try it. >> kind of scary. >> i think i'm way too trusting. >> you are.

>> happy vallentine's day. >> see you tomorrow. "nightly business report" has been fund in the part by -- >> all it takes is a spark. one idea to take flight. the courage to seek the unknown. to innovate, disrupt, to move us all forward. to explore a different perspective. at nasdaq we connect the world, its ideas, its capital, its businesses, the people that drive the global economy. the future isn't tomorrow. it is right now. all it takes is a spark. nasdaq.

>> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation. newman's own foundation, giving all profits from newman's own to charity and pursuing the common good. kovler foundation, pursuing solutions for america's neglected needs. and aruba tourism authority. >> planning a vacation escape that is relaxing, inviting, and exciting is a lot easier than you think. you can find it here in aruba. families, couples, and friends can all find their escape on t