our market monitor has a list of stocks he says will bring big returns if you have the patience. >> and the winner is -- the small upstate business behind the entertainment industry's iconic statuette. those stories and more on "nightly business report" , feb. good evening, everyone. i'm contessa brewer in tonight for sue herera. >> welcome from me as well, i'm tyler mathisen. i wouldn't have believed it at 10:00 this morning but indeed the streak extends to 11. a rush of buyers in the final minutes of trading today sent the dow jones industrial average higher keeping not only its win streak alive but also its consecutive number of record closes. and it is the longest such streak in 30 years. today the blue chip dow index eked out an 11-point gain to 20,821, not far from 21 grand. the s&p 500 rose 3. for the week the indexes were higher across the board with the

nasdaq and the s&p 500 turning in five straight weeks of gains. and the month is shaping up to be something few have seen before. so far there have only been three down days for stocks with just two trading days left in february. dominic chu has more on the streaks that don't come around all that often. >> reporter: this just isn't the kind of market you typically see. in fact, it wouldn't be all that dramatic to say it's been decades that we've seen the things we've seen. today's positive close for the dow means a winning streak of 11 straight days, a streak that hasn't happened since 1992. but this winning streak isn't just about gains. each of those gains has been a new record close for the dow. the last time we've had 11 straight record closes, well, according to hower silverblat, it was a 13-day win streak that ended in 1987 of record highs.

we've also seen one of the calmest periods for the stock market in years as well. the last time the dow moved by a percent or more in either direction, december 7 of last year when it gained over 1 1/2%. given today's fractional gains, the dow's streak has extended to 53 trading days without a 1% or greater move. that's the longest streak for the dow since 2007. just for good measure, the nasdaq streak of low volatility stands at 53 days, the longest streak for it since 1989. for "nightly business report" i'm dominic chu here at the new york stock exchange. let's get right to art hogan for more on this streak of milestones and what it means going forward for the market. he's the chief market strategist at wunder lick securities. are we heading for more record closes? >> great to see you. we probably are. i don't know if we'll have the streak continue, you know, in

perpetuity. but i'll tell you that the backdrop looks good. one of the things that's really driving the market here is we ended an earnings recession in fourth quarter. the economic data continues to improve. it is keeping investors patient while they wait for some promised policy agenda items that would be very pro business like tax reform. i think we've got a market that's pricing in something in the future and i think that's tax cuts and things like deregulation and infrastructure spend, but in the near term, you know, you get paid to wait because the fundamentals have been very good. the markets certainly found a path of least resistant to the up side and certainly can continue to do that unless and until we think some of these policy agenda items get pushed out to '18. >> who knows what can trip the market, but i would say what's on your horizon is the elections in europe later this spring, particularly france, germany

later this year, others, too. >> that's a great point. funny that we don't talk about this a lot. and if in fact we didn't have a new administration, if we didn't have the promise of tax cuts and repeal and replace and deregulation and infrastructure spend, we'd probably be spending a lot of talk about netherlands and france and perhaps germany, all elections that are too close to call. we know elections are too close to call in general. and all of these look to be very close. questioning whether or not the eurozone exists two years from now because of some of these election results would certainly give investors a pause. but right now we seem to be whistling past that right now. who knows how that plays out? but with the netherlands elections in march, i would guess that's going to become part of the narrative soon. >> how much patience do investors here have to wait for election reform and repeal? >> that's a good question. we don't have the details.

but if next tuesday we don't get a road map for what this looks like, you know, here's where we stand. the house republicans have a plan. the white house has a plan. the senate has a plan. we're requesting to work and get this done. and to get this accomplished by august. if we hear that next week investors will be fine. something that pushes that out, we have to tackle repeal and replace before we get this accomplished, that pushes tax reform off until '18, that's not what we're investing in. >> thanks for sharing your expertise with us, art. art hogan with wunderlich securities. consumer confidence fell for the first time since the election in november. the final sentiment in february dropped from its highest level since 2004. it split along partisan lines. the divide is the sharpest on record with republicans being more upbeat than democrats. the index measures consumer attitudes towards inflation,

unemployment and personal finances. housing remains hot. new home sale s rebounded last month. today's report follows a release earlier in the week that existing home sales are at a ten-year high. together it appears as if the housing market is off to a strong start for 2017. diana olick takes a closer look. >> sales of newly built homes inched up in january month to mo but not even close to expectations and december's already big drop was revised down. an increase 3.7% month to month. that followed a very low pace in december even with warmer than average temperatures. now, this may have a lot to do with the jump in mortgage rates in december. newly built homes come to a price premium for existing. and homes were up 7 1/2% from a year ago in january which is really not a sustainable jump given those higher rates. the supply of new homes for sale is now at the highest in eight

years. maybe that's a sign that prices will cool a bit. builders still focus on that move up and higher end buyer which is not where we need the supply. we need entry level. sales of newly built homes represent at about 12% of all sales. that's less than half of the prerecession average. clearly a lot more runway ahead for the builders if they could just step up and put up more homes. what's holding them back? labor. not even close to enough. and what is available is about twice as expensive as before the recession. i'm diana olick in washington. president trump is keeping a pledge he made to roll back regulations. today he signed an executive order that requires federal agencies to appoint a regulatory reform officer. that person would be responsible for enforcing already existing executive orders that aim to sim pla fim complicated regulars. >> every regulation would have

to pass a simple test, does it make life better or safer for american workers or consumers. if the answer is no, we'll be getting rid of it and quickly. we'll stop punishing companies for doing business in the united states. it's going to be absolutely just the opposite. they're going to be incentivized tore doing business in the united states. >> the president signed the order in front of executives representing industries from steel to agriculture to pharmaceuticals. >> president trump is calling china the grand champion of currency manipulation. his comments in the reuters interview are a departure from treasury secretary steve mnuchin's pledge in a cnbc interview to a more methodical approach to analyzing beijing's practice. the world's second largest economy is reacting strongly. eunice yun reports tonight from beijing.

>> reporter: steven mnuchin appeared noncommittal about president trump's longstanding pledge to label china a currency manipulator. while today at the foreign ministry in beijing the spokesperson said that beijing welcomed mnuchin's response. >> translator: secretary mnuchin is new into office. we look forward to cooperation with him to push forward china/u.s. economic cooperation and trade. >> reporter: despite mnuchin's moderate stance, president trump a few hours later told reuters that the chinese were the grand champions of currency manipulation. the foreign ministry spokesperson said that china is a champion just maybe not the way the president meant it. >> translator: if you want to label china as a grand champion, indeed china is a grand champion, but we are a grand champion in economic development. >> reporter: the ministry spokesman repeated several times during the briefing that it

wasn't beijing's intention to devalue the currency and get a trade advantage. instead he said the focus is to stabilize the yuan and press ahead with currency reforms. for "nightly business report," i'm eunice yun in beijing. still ahead, devouring start-ups. why big food companies are looking to maller ones to find growth. smaller ones to find growth. jcpenney plans to close as many as 140 stores. that's more than 10% of its locations. the retailer is struggling to increase sales and customer foot

traffic. jcpenney said it would offer new goods and services to keep pace with shifting consumer preferences. the stock fell more than 5.5% in trading. those store closures pressured midtier mall operators like pennsylvania real estate trust, cbl and associates and washington prime group. it's not just retailers that are facing mountain challenges but food companies as well. a persistent drop in prices has eaten into grocery margins. in fact, the organic grocers sprouts farmers market told investors this defla is the worst it's experienced since the recession and the longest such stretch in decades. it's being hit by the torrential rains out in california which are delaying plantings. despite the challenges, the company reported healthy sales growth and the stock was up by a little bit today. >> earlier in the week we told you the big food industry has a big growth problem. well known names like kellogg's and general mills are having a hard time meeting changing

consumer tastes. to solve that problem, they're starting their own venture capital fund hoping to find a favorite food start-up. aditi roy has more on how the world of food and silicon valley are colliding. >> reporter: cheerios, campbell's soups is and tyson chicken are just a few iconic american food brands that have dominated market share and mind share for decades, but now that's changing. food industry watchers say consumer preferences driven by millennials are shifting towards fresher, more healthful and organic options. to stay competitive, big brands have acquired or invested in emerging brands. in 2014 general mills bought annie's which makes organic snacks for kids, but now some consumer packaged goods are going a step further by starting their own venture funds. some industry analysts say it's the right move for legacy companies. >> they don't have the ability internally to push the

innovation thinking, the risk taking, the culture, the equity model, the desire to work 19 hours a day to build something cool because you own a piece of the action. it's a very different philosophy. >> kabu venture partners co-invested with a dairy alternative start-up. other funds include campbell's soups which launched a $125 million fund a year ago. its vestments include a cold press juicing system. kellogg's venture fund 1894 capital launched just last year with $100 million and just invested in coolly coolly, a snack bar. in 2011 and 2015 big cpg companies have lost market share to emerging brands. the founder of kite hill says in-house vcs are a way for cpg giants to regain their

competitive advantage. >> we're seeing the 301 and other venture arms of large cpg firms is they're migrating downstream and beginning to p t partner with some of the smaller promising young companies because they can't wait for them to mature. they're losing too much revenue, losing too much market share and they, frankly, want to get involved earlier and help accelerate the growth of those companies so they can participate in the up side. >> some wonder why the legacy companies don't spend more money in developing their own new products instead of starting vc funds. it's because it would take too long and require too much of an investment and the risks of failure are simply too high. as one vc partner told me, big cpg companies are built for efficiency while vcs are built for innovation. i'm aditi roy, san francisco. foot locker sprints past wall street speculations and that's where we begin tonight's market focus. the shoe and athletic apparel

retailer said it saw increases in both profit and revenue. same-store sales grew at a faster clip than analysts expected. on that shares were off and running. up 9% to 75.01. restoration hardware saw its shares is surge today following the better than expected preliminary results that came out after the bell yesterday. they also said it would launch a $300 million share buy back program. shares up 24% to 31.34. hilton worldwide said it would buy back up to a billion of its shares and change the company's name. the hotel operator will simply go by hilton inc. shares were up 1% to 57.78. >> that's a big change. >> that's a big, big change. no one will be confused. satellite imagery from digital global will be taken over by canadian for nearly $2.5

billion. it will increase their presence in the space market. digital globe shares fell 8% on the news to 31.25. shares of opto electronics continue to rise following the company's strong quarterly results after the bell yesterday. it reported increases in profit and revenue that topped estimates. shares popped to $45.98. and more fallout from a story we spotlighted for you more than a year ago. shares continue to fall after two doctors were found guilty yesterday of receiving illegal kickbacks from a specialty pharmaceutical company and overprescribing the company's pain killer. shares were off 6% to $12.03. time for a market monitor who is finding opportunity in

some consumer related stocks he says should be in your portfolio for the long term. this is his first time joining us on the program. trip miller is managing partner at galain. you say these stocks can double over the next three to five years. let's start with wynn resorts, the big gambling company. not concerned about macao? that's been a problem. >> it has been a problem over the last few years. they were very slow to open their wynn palace resort which they spent over $4 billion on. we think the data shows that things are improving in macau. we see the stability over the last year or so in the u.s. operations. there are multiple catalysts that are present in the u.s., that we're bullish on macau in the long run. >> how do you feel about penske then? >> we like penske, we like wynn.

both brands. the ceo and the chairman of the board are the brands. if they do something to harm the brand, they harm their own family name. they have a lot of skin in the game. penske like wynn benefits from a stronger consumer with more dollars in their pockets. they're both very strong global brands. we think that penske has the opportunity to benefit from continued consolidation in the automotive industry across the globe. let's move on to number three, which is sonic. you call it an undervalued fast food operator. 3600 locations. my sense was that sonic sort of peaked. we hit peak sonic a few years ago. >> well, tyler, the thing we like about sonic is they're aggressively repurchasing their shares as they go from 89% to 98% franchised. with that they're loosening up cap-ex. and using additional cash flow to fund those buy backs. we want companies to believe they'll return about 10% in buy

backs to the shareholders over the rest of the year. and continued opportunity to open more shows internationally where they haven't gone yet. they're moving into the northern states with experienced operators in their franchise networks. they could open up to a thousand stores over the next decade. >> wow. but we just got finished talking about how the big grocery brands are focusing on organic and healthier foods because that's where the american consumer is going. we know the big restaurant chains have had to strategize about how to include those on their menu offerings. how do you sort of coincide that with what sonic offers, which is just good old fashioned junk food? >> we agree with you. there's a big push into organic and healthier food. but sonic traditionally most of their markets have been smaller markets where we feel there's less of a focus on healthy. let's face it, people like a good treat once in a while. children love it. we like the fact that they've got a diversified model that they get a lot of revenue at off-peak hours that other

restaurants don't because of their sales of desserts and slushes and other treats. >> let's talk about the market generally. 20 seconds, your thoughts about where we are right now. >> the thing that earn ks us a little bit is obviously the low level on the vix and the fact that there seems to be a lot of complacency in the markets. obviously we set 11 new highs on the dow. so as value investor, we want to be fearful when others are greedy. that gives us pause as we look at businesses not only domestically but around the globe. >> thanks very much. trip miller. coming up the small business behind hollywood's biggest

here's a look at what to watch next week. on monday the world's largest mobile industry conference gets under way as it does every year over in barcelona. just as the industry readies itself for some major shifts. on tuesday, big night. president trump will address a joint session of congress. his first time doing that. as president. on thursday, snap inc., the parent company of snapchat is expected to start trading on the new york stock exchange. could be the largest tech ipo in years. and that's what to watch next week. well, from upstate new york to hollywood, california, the story of one small business could be the makings of a movie plot. but it's not a movie. it's the real life of one

businessman who finds himself at the center of hollywood's most celebrated night. kate rogers reports from rock tavern, new york. >> reporter: it's 100,000 square foot warehouse in rock tavern, new york, couldn't be farther than the bright lights of hollywood. plus for the past 3 1/2 mounts, they've been working on a project for hollywood's biggest night. manufacturing the academy's motion picture arts and sciences prize oscar statuettes for sunday's 89th annual ceremony. the small business may be best known for making the oscars, but has been around for 47 years working with sculptors like jeff kuhns. >> it's a big project for us. it's fun, exciting, it gets us a lot of press and attention. typically our role in projects where we're working for

sculptors, we're sort of behind e scenes. >> reporter: the oscars are made in 12 steps including being shipped to brooklyn to be plated in gold before being sent back for assembly. >> each one of the bronze castings has to be mirror polished. we start with very contemporary technology, move into modern processes and ultimately a very sort of old world handcraft. there's not a lot of places that you can go even in the art community where you can get all of that in one roof. >> reporter: and no matter who many koss through the foundry's doors, from sculptors to bankers, he said the oscar statuettes managed to impress just about everyone. >> i think the best part about doing it is seeing people when they come in who don't know that we do the oscars and we say, hey, do you want to see an oscar, do you want to hold an oscar? and just the change in the obvious visible excitement that pops on their face when they understand we're making the ac oscars, and they get to

see one and know where it's been made. it changes the mood. >> reporter: and admittedly it does. i'm ready to receive my oscar. it's actually heavier than you think it is. everybody probably says that. for "nightly business report," i'm kate rogers, rock tavern, new york. big night on sunday for the oscar. before we go, another look at the day on wall street, which saw the dow close at its 11th straight record close. that is the longest such streak in 30 years. here are some numbers. the blue chip index up 11 points at 20,821, nasdaq added 9 and the s&p 500 rose 3, another up week for all three markets. >> and that wraps up this week for us and "nightly business report" for tonight. i'm contessa brewer. >> been nice having you here. >> great to be here. >> i'm tyler mathisen. thanks for watching. have a great week, everybody. "nightly business report" has be- >> 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 global economies. the future isn't tomorrow. it's 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 the island with warm, sunny days, cooling trade winds, and the