>> announcer: this is "nightly business report" withd sue herea bill griffeth.> i am very proud to announce today that we have reachedo deal end the shutdown and reopen the federal government.ru >> president and congressional leaders strike a short-term deal, ending the ongest government shutdown in history, at least for now. stocks climbed. the dow posts five straight weeks of gains, but does the market need to go lower before it can head higher? re of the machines. a new report says robots could disrupt a quarter of all u.s. jobs. thosnd stories a more tonight on "nightly business report" for friday, ja good g,evenveryone, and

welcome. bill griffeth is off tonight. washington dominated the day on street. the longest government shutdown in history is over, at feast now. president trump and congress reached a deal to reopen the government for three weeks, ending a stand-off that threatened to slow the economy. >> ove the next 21 days i expect that both democrats and republicans will operate in faith. this is an opportunity for all rties to work together for the benefit ofur whole beautiful wonderful nation. if we a make fair deal, the american people will be proud of thei government for proving that we can put country before party. >> botsi the pnt and senate minority leader chuck schumer thanked the federal workers, and the senator said the shutdown accomplished nothing. >> hopefully it means a lesson has been arned. shutting down government over a

policy difference is lf efeating. it accomplishes nothing but pain and suffering for the country and the american people. at's a lesson we all must bear in mind. >> but it is not over. the spendingnoill doe provide immediate funding for a border wall. border ions over security will continue and they are not expected to be easy. kayla tausche is onrapitol hill us tonight. good evening, kayla. a what about that money for border wall? >> reporter: well, it was notably absentl from the d we saw the president and congress agree to today.av democrats floated compromises. they have suggested over the last couple of weeks eitherte ially offering the president a fraction of the $5.7 billion inorder funding that he has sought or offering the president the entirety of that but with restrictions, that it could only be used for high-tech measures like drones or scanners. in return, democrats have been seeking protections for the dreamers or children of

undocumented immigrants that have come to the country over the last several years. it is expected to be a contentious process. the house and senate will go head to head starting next week through the conference or formal negotiating process o v thaty issue. >> what happens in that three-week period, kayla? and at the end if they don't have an agreement, what happens then? >> rorter: well, the president today suggested that he is not ruling out shutting down the govement again, and if he does not get an agreement that includes the money for the border wall or border barrier, whatever word he chooses to call it at that time, that he is not ruling out declaring a national emergency, though thatould run into some legal roadblocks. senator majority lder mitch mcconnell for his part suggested on the senate floor today that some democratsad signalled they would supportrdunding for security measures going forward, and he asked those democrats to make good on that >> kayla, thank you so much. kayla tausche on capitol hill

tonight. ewell, bef the agreement was announced, the stress of the shutdown played out at some of on's major airports, resulting in serious flight delays. and that perhaps brought a sense en ucy to get a deal done. courtney reagan spent the day at laguardia airport in new york. >> reporter: the nation's travelers found themselves at the center of the partial government shutdown. the faa reported a shortage of air traffic controllers this morning, a critical job for the nation's airports, who are being asked to work without pay. >> due to the federal shutdown, there are too few staff at the faa i washington to adequately control air traffic, and they have to reduce flights coming from airports on the east like laguardia, due to the staffing shortage. reporter: the disruption was significant, especially for those flying up and down the eat. co this morning here at new york's

laguardia airport, there was a brief groun stop due to the air traffic controller shortage. once planes began to take off and land again, delays averaged 90 minutes. an hour or more at newark and atlanta airports. the u.s. travel association says more than half of all flight delays and cancellations in the country originate in the new york, new jersey and pennsylvania airspace, so thepp ri effect hits fliers throughout the u.s. at one point delta said it had about 200 delays ator airp, though united and american didn't experience significant delays. travels ataguardia, though, exercised patience and were sympathetic to the government employees. >> they have to worry abouti d pay rent or do i feed my kids. do i get the lights shut off or do i go to work. so they have to get paid. >> i think the fact that people even show up to work not getting paid is -- they should be a

commended double paid. >> reporter: tonight a sense of relief among workers and travelers that a temporary ending is in sight. for nightly business report, i'm courtney reagan in new york city. on wall street, stocks were higher from th opening bell on some positive earnings and a report that the fed may be close to ending its balance sheet reduction. ones industrial average rose 183 points to 24,737. the nasdaq added 91 and the s&p 500 was up 22. for the week it was a mixed finish that sawhe dow record its fifth consecutive week of gains. orthe question now investors is whether the positive sentiment will continue into next week. bob pisani takes a look. >> the markets seem to believe that next week could bring a rounding of positive news on several fronts. first, the end of the government shutdown, even though the deal is for three weeks, at least it mits any economic damag from the shutdown. second, a high-level delegation from china i set to visit washington next week for trade talks. the markets believe some kinddef can be reached, however anem

agreent to reduce or eliminate tariffs isn't the problem. the u.s. wants more including clear rules regarding intellectual property theft. thatou going to be to negotiate. the federal reserve is also meeting and most traders expect them fairly quiet and reiterate they will be data dependent and not raise interes. ra central banks are retreating from raising rates. mario draghi has implied it'sre unlikely the going to raise rates before 2020. since central banks are the prime supplies of global li bqut tee is a help and why the markets have held up so well despite signs the global economy is slowing. for "nightly business report," i'm bob pisani at the new york stock exchange. according to one school of go ught, the dow needs t lower before it can head higher. here to talk about what the dow theory iling investors is

jason ware jason, welcome, nice to have you here. >> hi, sue. thanks for having me. >> what do you think the odds are that we would retest the lows in the dow jones industrial average? >>, that's a question that's obviously at the forefront of so many people's minds, especially given the fourth quarter we had last year, where the market was iny basica freefall. to handicap that with any statistical odds i think is difficult. could the marketce retest the er lows? it certainly could. we know the general thought is that the market likes to retest before moving higher so that's something that could happen. but there are also many insnances where that d happen and we see strong reversals in the market that contueigher until we get record highs without a retest. 1978, 1982, 2009 even we saw that kind of a pattern. so it doesn't always have to happen that way. i think that's really going tod e the market over the near term and whether we retest that low or not is sentiment. it's collectiveth mood fro

investment community. the market cares not so much about the absolutes of good and bad but more importantly whether things are getting better or worse. if we see news headlines on trade, the feder reserve, corporate earnings for q4 are things getting worse, we could go back down and if things progress and get tter, maybe we have upside from here. >> what is the best strategy on an investment and allocationr basis investor, since we don't know whether the market will retest its lows but we have a lot of headlin risks out there. today was one example. mentioned was another example. >> right. so in the wise words of the late jack bogle, stay the course. that's one of the things we preach with our clients and have for almost 37 years now is have an appropria asset allocation, that is the right mix of stocks and bonds that's appropriate for the client and for their time horizon. but in service t asset allocation and that investment policy, which is our guiding light for how we invest, it's

having high-qualitytf pio construction. that is a diversified portfolio of individualre stocks of companies, of different market caps and different ghic locations that put an investor in the position to not have to guess where the market is going over the short term orhat the winning asset class is going to be but rather having a high quality portfolio construction and ride the ups and down the in the market. >> jason, thk you very >> thank you. a story in the news tt didn't have an impact on stocks today but one that wall street is watching osely. a former trump am caiscampaign and long-time political consultant, rauroger stone, was indicted by special counsel bert mueller. he was charged with seven counts including lying to congress about his contacts with th website wikileaks during the 2016 presidential campaign. he was arreste f inrida and appeared in federal court today where he pleaded not guilty and s released on $250,000 bond. it is time to take a look at some of today's upgrades and

downgrades. intel was downgraded to neutral from positive. the analyst cites deteriorating mand at intel's data center business. the call follows the company's disappointing earnings which we told you about last night. the price target is $50. the stock fell 5% to finish at $47.04. norfolk southern was downgraded to hold from buy at deutschenk. the railroad operator is at a slight disadvantage compared to its rivals when is comes to making its operations more efficient. the pricearget i $177. the stock fell just a fraction to $165.12. coming up, a new report sayt a q of american jobs face high exposure to automation. are you at risk?

take a look at shares of californiatility pg&e. down nearly 16% today, giving back a chunk of yesterday's 75% gain after regulators sd the company wasn't responsible for the second-most destructive fire ever in that state. some had questioned pg&e's plan to file bankruptc before yesterday's findings. so nowwhat? aditi roy takes a look. >> reporter: one day after state investigators cleared pg&e of responsibility for the 2017 tubbs fire, which claimed 22 lives and more than 5600 homes, many areonring what's next for the meility. while nalysts agree the development is good news for pg&e, the utility still appears to be headed towards bankruptcy, saying in a statement pg&e still

faces extensive litigation, significant potential liabities and a deteriorating financial situation, which is further impaired by the rect credit agency downgrades to below investment grade. >> the problemow right is that pg&e faces something of a liquiditcrisis, call it six, nine months down the road. they just don't have access to i cost-eff capital right now with the stock price down and bonds trading at such hig yields. >> reporter: in recent regulatory elings, p estimates its liabilities from wildfires the last two years could exceed $30 billion. analysts say the tubbs fire ruling takes away up to $17 llion of liability. but that the utility still faces up to another $17illion in costs from the 2018 camp fire, which6 killed people, setting the current record for deadliest and most destructive wildfire in state history. that doesn't include punitive

damage, and some lawyers for fire victims say they're still moving forward with their claims against the utility. industry watchers say all those factors and the junk status of the utility's bonds makes bankruptcy an inevitable choice. >> the problem is there's no out of this for several years. we look at how slowlyalifornia nds to move on just typical regulatory issues, let alone all of the different stakeholders that are involved in this fire. liability issue, the potential that you could have future fires that are at risk for pg&e and it's a process that's going to play out over many years. pg needs financing over those years to support what have said they have to invest in. >> reporter: but not everyone shar that view. hedge fund blue mountain capital, a pg&e investor, says a bankruptcy filing by pg&e would be totally up necessary and bad for all stakeholders, because the firm believes the company is

solvent and should be able to cover its liabilities. it's calling for a new slate of directors, which the fund will name next month. tubbs fire investigation complete, many are now looking to the camp fire inquiry. a ruling on the cause of that fire is expected in the coming months. for "nightly business report," i'm aditi roy,. time now for our weekly market monitor, who believes the lobal economy will continue to slow, so he says investors should look for companies that can manage through those tougher economic times. he is chris retzler. chris, good to see you again. welcome ouck. >> thankery much. good to see you too. >> let's get right to your picks. this is a global play. why do you like it? >> it's a domestically based airline leasing company that's a play on the globalization and air traffic of the middle class that's growing around the world. you know, a big area that has

been hurt has been the emerging markets. it leases lot into those airlines in china. but they were able to manage through the higher interest rate era because they're an instment grade quality air leasing. the company dipped lower in december, it'serecovered in january. a great management team and one wehink can manage through difficult slowing economy globally. >> something in the large cap semi conductor area with your next pick and that ispplied materials. it also has a dividend. >> yeah, no, applied materials a semi cap equipment maker which would s cplypanies like intel where we heard today some of their business is slowing. but what intel is going to have to do ispend more money on cap ex. that helps to drive the ausiness company like applied materials as well as, again, the tennnologicalation in semi conductors that we're all looking for in our handsets, we'll continue to drive forward

tools i continues more the foundries. >> the next pick, is it viasat? >> yes. for those who fly on airplanes plane exceed, they're the ones providing the service fort connectihen you fly on an airplane. exposure have some within the defense industry, but they're a lihigh-quality sat provider. also a great management team that we think can manage through a slowing global economy. >> and you like the management team and you say that it has a strong shareholder base aswell. >> yeah. i think all three companies have strong managementteams. that's one of our top requirements when we make investments and look at companies is how can a management team that's manage through difficult times and how do they handle themselves. >> all right, o thatnote, chris, thanks for joining nkus. >> tyou. well, hope springs eternal for d.r.orton and that's where

we begin tonight's market focus. the home blder expects a strong spring selling season after a few tough months. higher prices and rising mortgage rates keptome buyers out of the market and resuld in weaker-than-expected quarterly earnings. shares were down more than 2.5% todayo $37.30. abvees earnings and revenue missed analysts estimates. it's top-selling drug faces competition from cheaper choices in europe. it was off 6% to $80.54. colgate-palmolive rorted better-than-expected earnings but the ceo said he expects earnings to fall this year on higher raw materials prices and a stronger dollar. the consumer goods companyra ed prices of some of its products, which in turn crimped ikmand in places brazil and argentina. the shares were down a fraction to$61.84. there's a new report from

the bookings institution that ats 25% of american jobs are risk of automation and that the disruption will hit some workers harder tn others. mark rro is the author and joins us to discuss this is findings. nice to have you here. >> thanks foring me, sue. >> i was really surprised at the wide swath of jobsand, therefore, people that are really vulnerable to automation. >> yeah. i think it's interesting. our research shows that those who have a bachelor's degree are going to do okay. the real pressure is going to come on people in vulnerable jobs, vulnerable places, and underrepresented groups. some of the people who are struggling now are going to have me new things to worry about. >> let's talk about those people who may beab vuln. you say that a degree will help you, but lowag earners, the report says, are going to be

among the first to seeheir jobs disappear because some of the tasks that they do are routine based. >> yeah, absolutely. it's sort of troubling that those who are already struggling, you know, may be in forcoew mplications, but that's absolutely it. those w are doing sort relatively low pay, low skill work are now those who are going to be facing some of the newer technologies, new forms of automation, new forms of artificial intelligence, who are coming to do food service work, coming intoho ls, coming into those kind of retail situations. >> let'sake a look at some of these jobs that are vulnerable orustries that are vulnerable. basically rote production. you mentioned fd service, transportation, administrative work, maintenance, an also construction because basically

the machines can do that. we've seen some of this on wall street alread >> yeah,ab lutely. those are the most exposed. and it's because ty're mainly predictable jobs. they're kind of roteobs and that machine and the newer forms of automation and artificial intelligence can do that work. you've got to be in things that can't replaced. >> on that note, mark, thank you very much. >> thank you for -- >> with the brookings institute. haveek good d. >> yeah, thanks so much. take care. coming up, the savings crisis that is now facing millions of americans.

well, it may be friday, but here's a look at what you should watch for next week. on tuesday, apple reports its earnings and, as you know, the company cut its revenue guidance earlier this month in part because of china. on wednesday, quarterly results from dow components boeing, mcdonald's, microsoft and visa will be released. and on friday,the governm issues its monthly employment report. that is what to watch for next . a record number of suspected cases of elder financial abuse were reported by banks last year for a total of about 24,000.s that double the amount of five years earlier. according to "the wall street journal" banks are increasing training programs for hmployees to detect and stop the

issue without violating a customer's privacy. the seshutdown and t workers who went without pay got us thinking about savings. avt of all the surveys that show americans don't enough money stashed away for a rainy day. senior personal finance sku correspondent sharon epperson joins us with the crisis that's facing millions ofic ams. you know, the numbers are really staggering. how much of a financial bind would most americans be in if they faced this type of situation, or just an emergency? ink about the fact that the majority of americans are living paycheck to paycheck and surveys have shown that more than half of americans have less than $1,000 saved, then you realize what a problem it will be if something unexpected ve happens, if it's just that you can't repair your car or have an emergency room visit of en,000. bankrate ry surveyed folks and found out that only 40%

would be able to pay forn unexpected $1,000 bill withr thei savings. they don't have the t savin cover it. and it's not that they're not used to having something happen that they never expected, because thr s out of tend they had an unexpected expense in the last year. >> all right. so your back's against the wall. you've had -- you've been furloughed or you have that emergency that so many peopl apparently have. you need to borrow money. where do most people go, and where should they go? >> with that bankrate study, more than a third of those surveyed said they would use their credit card or get a personal loan or borrow from fami and friend that's where many people do go to borrow money. here's the catch. if you use a credit card, the average rate right now is over 17.5% on a credit card. if you get a cash advance, that's intest close to 30%. that's a lot to pay in interest when you're not able toay your

bill in full because that's why you borrowed in the fir place. personal loan seems like a better bet. if you have not so great credit personal loan rates can be as high as 36%.rr ing from friends and family, probably the first place to go but it's a business transaction. make sure youut it inriting and have the terms in that contract. >> you're unable to pay and have credit card de you have a mortgage and you can't pay those things. what do you do? >> not just for federal workers, i think the office of personnel management put out a great resource to anybody who's laling with this situation in providing samplters that federal workers could use to explain their situation. follow these steps. contact your lender. first of all, don't hide about it. contact your lending erlender am know yoursituation. determine what you can pay and reiterate that you will pay, oou know you this money and you're going to pay it when you're able to do so. then confirm by letter what you've discussed, what the terms will be of your payment and work

from there. but the most important thing is to be up front about it to explain your situation, because there areany resourcesut there that want to try to help. >> indeed. and we saw some of that -- >> yes, we have. >> -- during the shutdown. >> yes. >> sharon, thank you as yalways >> pleasure. >> we appreciate it. before we go, let's take a numbers from nal wall street today.ne the dow industrial average up a183 points. the nasdaq was up about 91 and the s&p 500 was up d22. hat does it for "nightly business report" tonight. sue heorra. thanksoining us. we'll see you monday.

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