>> announcer: this is "nightly business report," with bill griffith and sue herera. final push. a rally of more than 1% today on wall street. but it wasn't enough to keep most stocks out of the red as the first quarter comes to a close. so how should you position yourself for the second three months of this year? the american stream. more and more americans are cutting the cord. how many? we have some numbers. they may surprise a you. >> batter up. it's opening day for the teams and the fans. but also for the big business of america's favorite pasttime. all that and more on "nightly business report" for thursday, march 29th. nd we do bid you good evening, everybody. and welcome. believe i orot we closed the books today on the month of

irrch and the quarter of 2018. and stocks went out with a very strong finish. which had been showing signs of cracking recently actually led the way higher today. here are the final numbers for this thursday. the dow rose by 254 points puttg us back above 24,000. intel helped out rising by 5% on the da the nasdaq climbed by 114. and the s&p added . now, for the quarter the dow was the big loser, falling more than 2%, its worst quarter sin 2015, in tsummertime. and it snapped a nine-quarter win streak, the longest in 20 years. even with tech's recent problemsers, that is not a misprint. the nasdaq climbed by more than 2%. i triple checked that. uldn't believe it. and the s&p was down by 1.2% during the quarter. now onto the economy where there was strong data out toda jobless claims fell last week to the lowest level since january

of 1973. personal income rose nearly half a% in february, the third straight increase. while spending remarginally, and the university of michigan's consumer sentiment reading last month hit its highers level since 2004. >> zpooit today's rallies stocks have struggled to stay above the lows so far this year leading some to believe the momentum may have stalled. mike santoli takes a looket at r the market has moved past what he calls peak s. happin >> reporter: stocks are showing signs of finding their footing after two months of struggle. for now, the major indexes held before their february low points. ost indicate they are still in a correction. that's a drop of at least 10% from their high but still within a long term climb rather than a enteri deeper lasting downturn. still, even if the market starta ng headway towards its january high water mark it is possible wall street has passed its moment of what some call peak happiness for a while at

least and perhaps for this entire cycle. that is to say several investment factors are likely near or past their best levels for this economic expansion and bull market which began nine years ago. among them, equity valuation, marketmomentum, venture liquidity and optimism. the earnings toys p ratio reached 23.4 in january, aboe ive year average of 18. it since retreated depend. market momentum, the speed and angle of advance hit highs in january as well. meantime,he were low interest rates and good credit tings. surety and brokerage activity. if these factors have all their best levels of this cycle it doesn't necessarily mean the market itself peaked. prolonged earnings and a new i

if a of economic expansion can carry stocks higher even if the peak dappiness downtown occur in january. that's the way it happened in past bull markets in the '80s, '90s, and mid-2000s. it's what the battle scarred bulls are hoping for again right now. for "nightly business report" i'm mikesantoli. as we look ahead to the next quarter now might be a good time to reposition your portfolio. joining us to talk about where ur money will work best this the months ahead is nancy tangler.lc e back. >> thank you sue. >> it is a hard to believe the quarteras come to close. this year is moving swiftly certainly. how do you feel about the upcoming quarter? what challenges are you at for this market? >> thank you for having me. i'm relieve we made it through the first quarter relatively unscathed. we hoped for some sort of pullback in januy. and we got it. for sure. now we are looking forward at new levels to earnings growth is expected to

come in around 13% for the overall mark. so we are looking for companies that are growing faster and raising their dividends quicker than themarket. >> technology certainly has been a focus, naey. you ooking to some of those companies where they will benefit from ending. who are they? >> thanks bill. yeah, we like the real technology companies. these would be companies like microsoft, cisco, texas industry instruments. you mentioned intel earlier. it's one of our largest holdings. these are the companies that receive the spend that corporate ceos are putting in place. optimism of ceos is high. cap ex grew at 9% in the fourth quarter and we expect 9% in 2018. these companies will benefit for sure. >> wha are you getting rid of, what are you taking out of your portfolio or what sectors better said do you think might not be a good bet for this new quarter? >> we have been out of electric utilities, sue. we thinkhey are too expensive

at these levels. we have been trimming a number of the fang names we had owned. facebook and google were the two that we owned. and we we trimming those in january and again recently before the recentdecline. then i would say just overvalued stgeks in ral. when we get a nice run in a stock we trim it back. that would be apple in the last few months as well as microsoft, actually, though we still lining it here. it just got way overvalued in our portfolios. we are loong toeplace those with stocks like emerson electric that are lower level price to earnings ratio, hher dividend growth. >> you mentioned higher dividend growth. a awful lot of viewers here on this program love that kind of owth. where are you looking for the best dividends right now. >>s technology actually old technology, real technology, as i call it, bill. that group crow grows the divide quickl microsoft at 15.

texas instruments and cisco in the 20% range. we also like what we call am-proof retailers. me depot has been raising the dividend in the 20% range. fedex is beneficiary of amazon and online shopping. they have been growing t dividend above 30% in recent years. and boeing even though it had sold off, and particularcly becausit has sold off on trade worries, we are not concerned about they. comp and they have been growing the dividend in the mid 20s of the well like those companies because the dividend growth shows empty's confident about earnings growth. >> do you eect in the new quarter that the volatility we have seen will continue? or do you think the market islm g down a little bit? >> oh, that's a great question, sue. i think -- i have been in this business over 30 years. this fee more normal to me than last year did. volatility is not a bad thing if you are investing money. i would say it's probably going

to slow down a little bit particularly if earnings come io and the fed behaves. but i think volatility is with us for the rest of this year midterm election year. usually very volatile. >> thank you nancy. have a great long weekend. nancy tangler with heartland financial. >> who clearly started in the business when she wasion j high. >> absolute she. >> president trump is targeting taxeds. this time it is amazon. the president took this morning and renewed his claims that the onin line retagiant does not pay taxes and reportedly wants to go after amazons a result. is there really anything that the white house can do? elon mui takes a look for us tonight. >> reporter: president trump taking aim at amazon over taxes. in a tweet, the president claimed that amazon pays little or no taxes that the on line giant puts other retailers out of business. it's not the first time themi adstration has gone after the company. n theough talk started campaign trail. >> if i become president oh, do they have problems.

they are going to have such problems. >> reporter: and jt last month, treasury secretary steven mnuchin dbled down on trump's stance during a congressional hearing. >> he does feelt strongly t the taxes should be collected. >> reporter: the only problem is, there is not muchhe administration can do about it. on line and bricks and mortar retailers have been locked in a battle for years over whether sites like amazon should be forced to collect state taxes. it's up to commerce to regulate commerce. tracy nomo tried to rally support for a bill that would give states that would require collectetailers to those state taxes. but that fizzled. thsupreme court is set to hear a case on this issue with a ruling expected in june. the trump administration weighed in supporting traditional retailers and asking for time to argue before the supreme court. >> tigt's a win for us, that the solicitor general chose to

get involved in this case we are cautiously optimistic. >> reporter: amazon does sollect stateales tax but many of the third party merchants on its site do not. and ultimately the fal cision is out of the president's hands. for "nightly business report, elon mui in washington. >> it is time to take a look at some of today's upgrades an downgrades. >> starbucks i downgraded to neutral from tpform. the firm says the sales growth coming in below particularly targets in china. the price target is $56. today starbucks was off a penny to 57.89 barclays initiated coverage of boeing asoverweight with the firm saying itees the company's reference are poised to taexpand. et 388 a share. today it was up 2.5%. >> goldman sachs update exelon citing a better valuation for

the energy companylong with not many short-term catalysts that are negative. target was raise to 43. m finished. 39.01 upe than 1%. bank of america downgraded game stop today to underperform from neutral. b of a says that the company's earnings report shows it is facing multiple structural head witis that will ce to hit their bottom line. price target was cut fromdo 19 to 11. today game stop closed at 12.62. that was down 11%. chi w isning the u.s. ot to open what it calls a pandora's box by triggering a chain reaction of protectionist practices around the world. it also warned if trade continue to he is la kate china could slap tariffs on some u. imports. but the tough talk wa't limited to china's side. eunice eun sat downith the u.s. ambassador today in beijing. >> reporter: the u.s aassador

maintained the trump administration's tough line towards china. e rlier today, the ambassador outlined to me s the areas which he believed china needed to address and that are part of the ongoing discussions with the chinese. >> they need to reduce pollution here, replace coal with liquid natural gas. we have an abundance of that. that's an area. insurance and financial dservices. cl computing. there is many areasre w i think there's opportunity to correct some of the unfairness in the trade situation and open up new opportunities. r: he also commented on reports that the u.s. treasury was considering using national sawurity to block chinese companies from investing tn american high-tech and suggested that could be an option. >> obviously, china protects its natiheal defense, andhave a much stricter restrictions on who can investre and i think we have to also make

sure that our national defense and our technology advantages are not stolen. and that's what the administration is looking at to make sure that we are producting emerica's interests in the technologies of future. >> reporter: today the chinese attacked what they described as the u.s.'s o malicious practices. the commerce ministry said the u.s. was i danger of opening up a pandora's box and, quote, triggering a chain reaction that will s the virus of trade protectionism across the globe. despite the warf words the ambassador said they wanted to continue to work with china on trade and other issues like north korea. he said he wasd encoura by the visit and the meeting here with >> i think the meetings between president x and president trump

have been really good. and i think that kim jong-il is now expressing an interest in meeting with these other leaders, that's an encouraging sign and let's hope it leads to a safer and more peaceful world. >> north korea's kim jong-il will hold a summit with south korea's president moon jae-in on april 27th. for "nightly business report" i'm eunice eun in beijing. coming t up, switch to watching streaming video is starting to take toll on traditional television wvertising. weill tell you how much, and how big the shift is.

barclaysill pay $2 billion to settle an investigation into the bank's role in the financial crisis. e penalty settles a lawsuit alleging bclays misled investors over the quality of the mortgages it sold. barclays's ceo called it a quote fair and proportionate settlement end quote but the department of justice was reportedly looking for a fine of $5 billion. spending on television ads fell last year for the first time since 2009, which i will point out we were in recession at that time. little more unanimous a billion few dollars were spent on advertising in 2017. that according t research firm e marketer. and the trend of falling dollars is expecte continue at least the next two years. the shift to cord cut asking streing video were t main reasons for that decline. and, bill, more and more of cutting the cord. steve liesman decided to take a look at just how many are making

that switch >> reporter: i stream, you stream, we all appear to stream. the cnbc all america economic survey found that 57% of americans subscribe to more streaming service. that's compared with 43% who do not. that means this relatively new technology or media has gone from 0 to just about 60 almost at the speed of light. among those who have both which remote button is pushed the most, cable or streaming? turns out it's pretty much balanced. about a third of the public say they watch both equally. the data comes at a time of nervousness that the biggest media and cable providers over the streamingmp coition. the survey of 800ca ame nationwide finds some are even out there cutting the cord of their cable or satellite provider. 36% have both. and 30% have only cable or satellite. but 20% of americans are

streamers only. and what are theyg? watch no surprise here. money those americans with a streaming service, 51% have netflix. 33 have amazon prime, followed by hulu.sh netflix'e is greater than its two main competitors combined.t all is not lor the competition. about a third of the american public say they have two streaming services or more. they are, we all are living the american stream. steve liman. consternation brands raises a glass to rising beer stales. customers purchased more corona beer and premium up wine this quarter helping to push reference and profi above expecting as. the company said it with invest $1 billion in its mexican operations to keep up with demand. ieyreased their quarterly share.nd to 74 cents a shares rose by 3% to $227.92

strong international growth helped movado beat expectations. they raised its dend to 20 cents a share. 28.30. jumped 15% to >> reporter: the merger between energizer and spectrum has been approved by the ftc. energizer was interested in such a deal so it could expand its presence and g its product line up. energizer shares rose to 59.58. spectrum popped 15% to $103.70 microsoft is making a bigger push into the cloud. the tech giant said it is planning a lge scale reoregon one unit that focuses on hardware and software for enterprises and another division that incorporates the window platform into cloud operations. the move places less emphasis on

the flagship opeting system and raises awareness of its cloud and ai business. time now to talk to our market monitor. we wrl kyle brownlee, ceo of wiemer brown lee. thank you for joining us tonight. >> thank you for having me, bill. appreciate it. >> let's jump into your picks. you liked travelers. t ked with nancy tangler. she likes ten div payers. this is why you like travelers as well, right? >> it is. with the roount recent pullback of travelers in stock fries and ase heavy provision they have and the current dividend yield it is a good place to be during this volatile period. >> let's move ono pacom. i was shocked at this one statistic. you like it for many reaso but they have a client retention rate of just under 100%. that's exceptional. >> yes, sue, that's an amazing

statistic. i think any time you have 91% client retention, that absolutely speaks to the quality of your tool, product, your team behind it. they are in the hr space. they have great growth and they do it without takin on debt. i like pacom. >> number three for us is raytheon. why? iv two things. again, theend and the cash position. they have recently been awarded large government contracts. i'mullish on just the defense sector right now, especially with the current administration, and kind of t the way world is moving. i think all three of those are good positions but raytheon primarily for defense and secondarily for the dividend pay as well. >> we hear a lot about the overall market with valuations being a little rich in certain sectors. you gave us these three names. but are you findingrt other opities in the market? how do you view it overall?

>> i reall a. i think as volatility increases -- you know, volatility creates oprtunities for investors. so it also creates the need to be more diligent in the research and the reviews that we perform. so i see it as volatility continues in this next quarter as i expect, q 2, we are going to see more opportunity. but they may be t harder find. which just means we have to work a little harder to come upith good advice. >> there is every expectation that the fed is going to continue raising rateaybe as many as three more times this year. do you see that with these dividend payers as you like as e to them or does it make them more attractive to you? >> a see it as advantage to the dividend payers. assuming we see the fed continue to raise in q v 2 iy much expect investors are going to be looking for an alternative position t bonds for income and risk mitigation. h thoseh quality large cash

holding dividend paying equities will be a ga place to be. they may very well benefit from the fed move. kyle good b. thank you. hope to see you again soon. >> appreciate it. >> kyle .brownl to read more about his picks head to our website at nbr.com. >> coming up it's time to lay ball for big cks. >> i'm eric chemi. on opening day. the business it's base on is bigger than ever. we break it down, coming up next on "nightly business report."

it may be march 29th on the calendar but spring is in full bloom on the diamond. believe it or no it is opening day for major league baseball, a time of optimis jnott for the 30 teams but for the $10 billion business of professiol baseball, eriche cmi takes a swing at the story from one of s the home fie for the mets at isti field in new york. >> reporter: it eeping day in america as another season of baseball begins. for fans, this is the hopeful time of year. as every team is still fe uned and many can consider themselves world series contenrtrs. >> my hs jumping out of my chest. i can't even explain lait. can't e it. geez. we are going to opening day. >> this is my third year in a row going to mets opening day. i'm thrilled to be here. >> my first openingay since the '70s. >> 2018 world series . cham

>> the on theism is also true at mlb headquarters. the commissioner and his staff ar looking at 2018 to contie the momentum they have built over the las couple of seasons when world seriesv ratings have been the beft best in decades. baseball has rechbts over $10 nd billion, a new streaming deal with facebook. they are the fisf the four major sports lesiono grant exclusive streaming to a social media program. majoreague baseball's advanced media division laid off 50 employees as part of a broader reorganization. >> baseball is going through a reimagining of thing and updating itself for 1st century in a pretty impressive way. it shouldun seeer times ahead, for sure. for the league, for the franchises, and for the players.

but it's going to take someime as things flesh themselves out. >> reporter: part of of e attendance and ratings declines are because some teams are focused on developing young talent. the royals, cubs, and astros all di the same thing, having several losing seasons before finally winning it all.♪ ♪ on opening day, every team is still tied for the bestecord in the league and america's pasttime is looking to grow into the future. for "nightly business report," i'm eric che in queens, new york. >> apparently, eric was good luck for the mets because they beat the cardinals today in that home opener a ci field. before we go, one more look at how the markets finished this lastrading day of the first quarter of 2018. a strong day for the bulls. the dow rising by 254 points, back before 24,000. dow component intel helped out there, rising by on the day. the nasdaq climbed by 114 in a resurgence for technology.

and the s&p added 35. for the quarter, the du was the big loser, down morehan 2%.each with tech's recent problems. joined us late.th at is not a misprint. the nasdaq climbed by 2% in this art and the s&p was down 1.2% as weheead into second quarter. >> that does it is for "nightly business report" tonight. i'm sue yoherera. thanfor joining us. >> i'm bill griffith. we will see you tomorrow with a special edition of nbr. if we don't see you tomorrow, have a great long weekend. we will see you again monday.

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