this is "nightly business report" with sue herera and bill griffeth. good evening, everyone. welcome to this special edition of "nightly business report." memorial day is, of course, the day when we honor t men and women who serve in our military. >> it's also of course t consider unofficial start to summer, a time when thoughts turn to the beach and to vacations, and believe it or not,heo the stock market and economy as well. >> indeed. so that is where we begin tonight, with the stock market. some investors things as temperatures rise they can take the summer owl, but a number of market batchers say that would be a mistake, especially this year. dominic chu takes a look ahead.

>> reporter: sell away and go away. there's a feengs that the summer months are wujz to stay away from, but recent market history doesn't look all that bad, between memorial day and lay day going all the way back to 1990, the s&p 500 has lodged just a slight loss. this year is a different set of risks to watch. >> any kind of inflation jump above expectat fns, the will get more aggressive, put pressure on stobls. that proba will raise the dollar. >> reporter: of course there's another market bcliche,l markets like to climb a wall of worry. risks don't necessarily mean drops.nt market there are still reasons to be optimistic about stocks. co themy that -- is really good. that's pushing everything along. if we continue to grow the 3% to te, and even f in the emerging markets, that's a great sign. as long as it's steady and

increment incremen we'll be fine. >> reporter: of course once the summer months ps there's whole new set of potential risks, including those stemming from the uncertainty of the midterm election in coress, but until then investors will be trying to see the trends for stockstuhat have been in neutral the past few months. a look athat's in the coming months. nancy ngr from heartland financial and john lynch, chief investment strategist at lpl. thanks for jning us tonight. >> thank you. >> thank you. nancy it looks like you're willing to tay a flyer on some e en-down stocks. yes? >> midterms are a great collect stocks, because the dramatic.y is 12 months after we've never seen a decline since 1946. i like my odds here, as wall

street takes off, i'd like to pick away at se of the higher quality names that have been beaten up. >> john, if wall street isto gog take off, as nancy says, how about the economy? it seemsir to beg on all cylinders. will that continue? >> i think so, sue. i think nancy makes a good anytime volatility shows up, i think it's a great time for investors to take advantage. those mes can b justified by economic activity. we see the consumers benefitting from tax refunds, businesses not only ange, but increasing capital expenditures. we think that will be a boost for the economy asll we're still projecting 2.5% to 3% pace ofgd for the remainder of 2015. >> nancy,edx, which has seen recent weakness. 3m down big this year and splunk. >> isn't it fun to say, bill? >> it is yeah. >> so fedex is a name i have

recommended on your air in the past. it's a company that has done all the heavy lifting from a cap ex standpoint already, big beneficiary of the tax bill, and they have raised guidance and wall street is kind of yawning. theyse r it in march, guiden above analyst expectations, and they're big beneficiaries of a robust economy in e-commerce. it feels like gift to me and we're just picking away at itne >>f the stocks that may affect like a fedex and others would be rising fuel costs and rising oil prices. do you expect price toss mov st slightly higher in the near term, especially giving the tensions between the u.s. and iran? or will we see dramatically higher prices? >> i lost audio. >> i can jump in if you'd like. >> go right ahead, nancy. >> this company certainly hedges for higher oil costs, but i do

thinkjo as the -- the net new producer marginal prod in the u.s. has more influence on oil prices than in the past. actually stronger oil prices are not a bad thing for the economy, they're just a bit of a tax on the consumer. so we'll have to see if that slows down e-commerce, but it hasn't historically. think fedex is well poised to benefit. it will mitigate it, sue, for sure, but i think there are opportunities still for that lmpany. >> last week wrned that the fed was willing to allow inflation to run hotter than its target of 2%.do ou see it going muchb yond that. are you plays the inflation game, buying anything that would benefit from higher prices? >> sohis inflation game has been eludive, hasn't it? >> yes. >> i think we still think that t-net, the consumers are beneficiaries of amazo and online providers, so that has kept prices pretty low.

that said, i do expect to see fed raise rates again. i expect to see inflation continue to pressure upward, but i don't see it dramatically moving out of whack. this is not the '70s. we haveitatg offsetting aspects. so we're not targeting high -- company thais benefit from inflation, we start with valuation, and we fill in around the gap. >> i'm going to skip down to lu , because i want to say the word, but also because youy you have to make sure you have your floaties on,hich to me indicates a riskier pickt >> indeed, sue, this is for the a typical pick, bute also look at sales. this is a company that's growing sales above 30% year in the sweet spot of data collection for websites, mobile

applications, the things that facebook is being scrutinized for. they are growing quickly in the cloud as well. while it's up 75% over the last year, the growth potential a enormous. it's a smaller holding, you put it away for the next three to five years and you'll be in good shape. >> good to see you again, nancy. thank you. nancy tengler, and w obviously had technical problems with john lynch, and we wish him a happy memorial day as well. millions of americans took a road trip. as phil lebeau reports, the strong economy is driving people to get away. >> reporter: the all-american road trip alive and well. triple a estimates more than 41 million people traveled somewhere meismial day weekend, an increase of will be 5%, compared to last year, and the

highest num fr getting away the holiday since 2005. >> the economy is doing very well, and that has helped to boost consumer confidence from last year, as consumers are more confident, they spend more. more money in vacion which has led to a high travel volume. >> the majority of those who hit the road did it by driving hemewhere. forirst time in four years, many found prices at the pump atbo or $3 a gallon. the surge in prices is due to oil climbing to well over $70 a barrel in recent week. the spike in prices may be catching the o eyes those filling up. they have not hit the point where people are cancelling road trips because of the cost of gas. for ath straight year, airlines expected to see an increase in business for the holidays with an estimat 3.1 million taking off. >> there's no doubt that people are confident about theeconomy, they have alternates more money in their pocket books, and the fact that fares ar bargain right

now means that people are saying, y, let's get away for the weekend. >> while theomestic trip was $336, airfares remain und $260 round trip, which has prompted t more to away. airfares and gas prices are expected to keep rising this summer. e question is, by how much, and will that prompt americans to cut their summer travel plans? right now low unemployment and high consurer confidence combines to drive many people to want to get aw ". phil lebeaghtly business report," c how much of an impt will rising gas prices have on travel this summer?in jo us patrick dehan, who is with gasbuddy. >> thanks for having mere. >> we're already asea 3 1/2 highs, how much higher do you think we go? >> i think the next couple days, if not by the conclusion of, e

say, tuesdayuld be looking at a national average that's $3 a gallon. we are slowly creeping up. though we're talking about the first major summer driving holiday of the year, o wey have three of them. i would expect anyone to cut backut what you may starting to cut back is some of those ho days. some people may be staying closer to home. when we've restin had higher gas prices in the past, it often was not coupled with an economy that is as strong as it isnow. and does that factor into the equation and make people more willing to take on thha higher or p not? >> i think without a doubt,t es to a certain degree. people have t to get the jobs they have, and a lot of this demand, that gas prices are hitting the multiyear highs. what you may see is perhaps less ending as a sidetrack.

one less trip out to eat or aying closer to home, but it's going to affect the low andow and mid incomes, and i guess i would expect hit to this, because the economy seems tost ngthen. >> what was it, ten years ago, the average was around $4 a gallon. do you think we'll get back to that? >> i don't think so. we'll see how the opec meeting in june shakes hout, but i suspect with growing pressure on president trump, thereay be more oil produced here come the middle of the summer. that could result i prices that it ease slightly but i would expect evenerhaps the even $3 rain. on the other hand you have a situationevelops with iran, and tensions rising between the u.s. andan with questions

about whether they say in the nuclear deal and their shipmt ofoil. how does that factor into the equation? >>erinly. so far president trump has been very strong in what he's saying to our partners and allies about following u.s. sanctions. so far that that message has gotten a lukewarm, at best, respond. that's aar wild in this. that could call oil prices to rise more dramatically, but if trump backs off, given the pressure already faced with higher prices we could seeic back off as well. so we have to see, will otherow for sanctions. >> patrick dehan, thank you, good to see you, have ra good aliday. >> and you well. still ahead, you'll meet entrepreneurs leaving their marks on the business world, and one that is socking i to 'em. but first apple's timook addresses the leaders of tomorrow. >> don't justccept the status

quo. no big challenge hasver been solved and no lasting plprovement has ever been achieved unless p today irto try something different. dare to think different. i was lucky to learn from someone who believed this deeply, someone who knew that changing the worldtarts with llowing a vision, not a path. he was my frid and mentor, steve jobs. >> i vowed that as long as i would beesponse foranaging other people, i would aspire to manage compassionately. that meant pausing and being a spectator to my own thoughts, especially when g emotional. it meant walking a mile in the 'sother pers shoes and understanding their hopes, their fears, their strengths and their weaknesses. and it meant doing everything

within my power to set them up to bsuccessful. 100 years ago people with the chromosome disorder known as down's syndrome could expect to only live about ten years. nowadays into their 50s, maybe longer, but the rate is only about 20%. that's one reason a young rue with down's syndrome got the bright idea to start his own business, selli socks. >> downs syndrome ever hold you back. >> never held me back. >> reporter: in fact one might say john's disability helps push him forward. starting his last year in high school in 2016 on new york's long island, john thought maybe he and his father mark could start a business together. ro >> we walkedd talking about starting a food truck, but as he points out, neither of us can really cook.

>> reporter: instead john aooked upn idea to sell socks. >> i think it's fun. i think they're colorful, and i can be creative. >> jo, his who life, had worn colorful, crazy socks. it was kind of his thing. >> john >> reporter: for about $1,000, bsite, stocked some socks, and then they were online and in buness, selling more than $13,000 worth sfks in a month. john delivered a lot of them himself, along with thank-you notes,t going t extra mile is what john is all about. >> right away we had people tellg us all the things that john couldn't do, and john has spent his life demonstrating what he could do. >> reporter: john is an avid snowshoer and soccer player. so he decided to donate

portion of the company's profits c the special olympics, ase that he's also lobbied congress for. >>eople right away s him as a role model. i had to wrap my head around se that, bec he's just my son. >> reporter: if february of 2017, john designed a downs syndro awareness sock. for 2018 there's a new version. >> i did blue and yellow, because it's down syndromes's colors. >> now more than 1700 distsd socks they sell, flowers, sports stars, presidents past and present, there's socks for autism, breast cancer, and other causes the company is donating to. and somehow johns goes to trade shows to find new products. he participated in a smassachusettsrt-up incubator and traveled to do speaking it's been quite a year and

business hasn't been too bad, either. >> we shipped over o42,000ers and 1.7 million in revenue. >> reporter: but this ab less t dollars and more about what makes sense. jo islucky. most people with disabilities have few options after high school. it's scary. the next big frontier is employment. >> reporter: john's crazy socks has grown to employ 34 people. 16 have disabilities. >> i go to a warehouse, pull a ck, get it ready for shipping. >> i learned to make new friends and i get along with everyone. that's what makes me happy. >> we want the world to see what's possible when you give someone a chance. things are not segregated here. it's a better workplace because of that. >> reporter: one where going the tra mile comes naturally. >> we have to succeed, because if we don't, we're letting these guys down.

we have to show other businesses you can do this, too. >> so far in 2018 judge's crazy socks is on track to top$2 million in total sales. in fact one of the his customers former president george h.w. bush. he tweeted this picture of himself wearing john's sox o world downs syndrome day. he also wore a pair at the neral of his beloved wife. th socks had books on them t. >> solife's journey leads us in many different directions, but sometimes it's what we learn and share with others that provides the biggest rewards, even on treasure hunt. that's what two limit tear school students were finding er since they got the bright idea to create a board game for a school w oject. it is lling in target stores acr >> wild one. >> britaina and olivia couldn't

have known what they would learn about themselves with when a fourth-grade proact turned into oard game they would call ship of treasures.at was back in 2016. >> not opening that. it's areasure hunt, four pirates hoping to avoid sharks, cannon balls and, of course, the other pirates. while racing to find treasures hidden by opponents.r that novem their original school project won the grand prize. at the chicago it game, you inventors challenge. they won trips, and to the new rk toy fair, as well as several grueling months of twking with the former president of pressman toys, all in opens of developing a product that targets could sell. >> we felt like there would be a real appeal to this product for

kids to enticeomething and place something. who knows better than kids th selves. >> they learned to mix elements of skill with luck. they also tweaked colors, materials animagery. >> they're modeled afterus, iman green with us and i am the red. >> they researched actual terminology and things that happened on ships so they would be realistic. that wasn't something i asked xtem to do. they took that e step themselves. their community was rocked in february of 2017. sophie shields, a fellow student at the elementary school lost her battle with cancer. their gite h target store shelves in october and they were honored at a school assembly. again in november when the toy and game innovation awds named them union invitors of the year.

that's when they announce tt royals, will be donated where sophie shields was tweeted. >> it's pretty amazing. ithooes to the character and ethics of this neighboood and t connection that we have together. >> it just gs to show how much power can generate just by people working to go back there. >> we decided since she wento laurie children's we should donate in honor of her. >> we saw the sads in everywhere and thought it would be the right thing to. >> now fifth graders, these two are looking forward even as the proud parents wonder how they can possibly grasp the lessons they are already typing. >> that's pretty heavy. i think as they bot grow, they'll look back on this experience and think, wow. >> i don't think they both realized what impact they are having. i mean, this isns canre

someone else to do the same thing. if that does, great. >> ahoy maties. >> hearts of gold, their un-spire-like gesture may be more proof that the most important treasures are hidden inside ofus. pressman has sold more than 40,000 copies of ship of treasures to target. for more, you can go to o website nbr.com. coming up, is hollywood getting bigger and bolder as it hunts for the next blockbuster? but first what mobile exxon ceo and graduate told graduates of -- s, global challenges require integrated soluti the value of integrity only grows in important. in every sector, integrity will be the key to unlocking high-impact loteches, new

way toss conduct business, and new approaches to solveur most vexing geopolitical challenges that will make the world brighter for the generation to come. >> right now, like i did -- i think right now, y all have negative balance sheets, but yp have so muchde. you all have great opportunities ahead. don't let anyone, anyone tell you different. you will live in what was, is and always will be the land of opportunity and the most -- greatest, most generous country in the world remember, remember this, last thing -- when all of you become successful, remember to give back. give back. what is aummer without a big box office blockbuster ortw

maybe hollywood is getting ready for what it hopes will be a very profitable season. julia boorstin has more. >> i waited a long time for a shot like this. the movie industry has been waiting a long time for this summer. after a dismal 2017 box office that fell almost 14% over the prior summer, studios are hole "solo" and other big-budget franchises will per to record sales. the it traditionally makes up about 40% of annual box office revenue. di>> we're h to another 11 bill onyear in america, but the summer is all important, it still is, it's still the big show with all these big movies trying to make the marketilnd d big box office. >> none other bigger than disney. it accounts for more than a third of the north american box

office so far thisyear. it's released just ree new films inclusion blackth per and "avengers." and disney's domince is expected to continue after this weekend debut of "solo" next month pixarag brings "the incredibles" for a sequel, and "antman" afterwards. the ceo of the national association of theater owners going so far as to say the current quarter will be, quote, gigantic. there's also a gigantic reliance on familiar franchises with about a dozen sequels and spin-offs t s summer. >> hey, blue, you know me. >> among them, "injure raddic world" "mission imssible" and

"ocean's t.eigh" 2017 saw disappointing results from some familiar fare as "the mummy" "transformers" and others. we don't want to be below 4 billion. if with he t do that years in a row, that's not good for the industry. >> what do you think? well, what do you know? >> reporter: i'm jerusalemia boorstin in los angeles. thank you for joining us for this special edition ofnightly business report." >> we offer a sincere thanks to the men and women the the military on this memorial day.

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