♪ ♪ this is "nightly business report" with bill griffeth and sue ♪ powering higher. the s&p and the nasdaq close at record highs thanks to strong earnings from some very big companies. for sale, if it seems like everyone is making money off of your data, that's because they are. and record confidence. americans are feeling better about their retirement, but are their financial futures really more secure. those stories and more tonight on "nightly business report" for this tuesday, april 23rd. ♪ >> and we bid you a good evening, everybody, and welcome. sue is off tonight. well, the stock market has come roaring back. the s&p and the nasdaq closed at

all-time highs today, making the round of late last year a distant memory. a number of things are working in the market's favor right now. earnings have been better than expected. there was also the fed reversing course on monetary policy and the trade talks with china seemed to be progressing right now. so today, new milestones. the dow rose 145 points and that's not a record, but the nasdaq added 105 and the s&p was up 25 . both of those records and bob pisani was in the middle of the action at the new york stock exchange. >> stocks were off to the races today picking up steam throughout the session and propelling the s&p 500 and the nasdaq to new closing highs. why did we have a rally? the s&p has moved to new highs on the back of four major developments. earnings have been stabilizing, recession fears have been fading. we've had dampening global growth fears p yoo you were and china and the federal reserve keeping interest rate hikes on hold for the foreseeable future and for good

reasons and the markets have had new highs ane market got a boost from a handful including dow components like verizon, and coke ale. not only did they beat, but they beat by generally wider margins than typically happen and the communication services names and names like netflix, amazon and nvidia. they all talk about 2% each and that helped push the tech-heavy nasdaq to a new high. so what happens next? we've had mostly blanks and stocks are reporting and banks have been the same, but not amazing and they've been reporting better than expected and the handful of consumer names like kimberly-clark have been strong, as well and to keep this momentum going we need to hear from technology stocks and energy stocks and especially healthcare stocks. healthcare has suddenly become a bit of a problem child for the market and the market's being pushed up by a very small group of super performers and the rally needs to broaden out and there are only 13 new highs on the s&p 500 today. so what else is missing?

how about a little volume and volatility? both are still surprisingly low. the question becomes will new highs draw greater interest from the vesting public that we've seen so far. for "nightly business report," i'm bob pisani at the new york stock exchange. >> earnings were a part of today's big rally and we asked dominic chu to report on united technology, coke, p & g and verizon. >> before the big member stocks of the dow jones industrial index that reported today all had generally positive news. we'll start with the aerospace and technology conglomerate posted earnings on better than expected sales and it also raised its full-year profit forecast and united technologies was helped along by better demand for aircraft parts and four-year results would be hurt by the grounding of boeing 737 max model jets around the world. coca-cola, that earnings story was also well received by

investors and the soft drink maker also posted an earning on sales. co coca cola was aided by orange vanilla-flavored coke. also a positive report for procter we as the consumer products company was responsible for everything from pampers diapers to tied laundry detergent and raised its forecast for a metric of sales growth not driven by acquisition or foreign currency fluctuations. procter & gamble was able to raise prices to offset input costs and will end with verizon after america's biggest wireless phone carrier better than expected profits and sales fell shy of analyst forecasts and it reported a loss of both monthly -- and it end the internet customers. tomorrow, big dow component include boeing and caterpillar before the opening bell and microsoft and visa after the

closing bell. for "nightly business report," i'm dominic chu. >> so what's next for this market now that the s&p and the nasdaq are at new highs? joining us tonight alicia levine is chief strategist at bny melon. alicia, good to have you back. >> hi, bill. thanks for having me. >> the concerns of the global economic slowdown that plagued the market in the fourth quarter last year is that a concern now. >> so it's not that it's not a concern, it's just that it looks like we've bottomed and it looks like the weaks than we saw in the fourth quarter and the concerns that we came into the year with actually are beginning to flatten out. so instead of a global, synchronized downturn, we actually have a global synchronized flattening and that actually has been very good for risk assets because it looks like we're out of the trough and with china stabilizing we'll start to see green chutes in the emerging markets and as well in europe. >> speaking of china, what would a trade deal mean to this market

right now? is it already there and priced in? >> that's a really great question because for the most part the trade deal has been priced in, and the issue is what kind of trade deal? i think a trade deal that gets rid of the tariffs would move the market hire. any trade deal that keeps the tariffs in place as an enforcement mechanism might be seen as a disappointment to investors because the investors are looking for a trade deal to help boost earnings a little bit and to move multiples higher. >> one trend that we keep hearing are higher costs whether it's wage inflation or higher raw materials costs and is that a concern for you? >> it's not a concern yet because many companies are passing on higher are you tarl costs for the consumers and you don't quite see a trend yet and i do think margins will be a little bit softer in the first half, but i expect in the second half that should be getting a

little bit better and indeed, if you look at earnings estimates for the full year for 2019, the bulk of the earnings estimates increases are really coming in the third and the fourth quarter, and that's what we're counting on to drive the year higher. >> sectors you like right now. are you getting the numbers you're after in those groups that you like? >> investors really have to decide when they believe here because the u.s. market is now trading at the five-year average for the multiple because we retraced all of that downturn from the fourth quarter. so you have to believe -- you have to decide if you believe that we're in a cyclical recovery or if this is just a flattening and a downturn. if you believe that the economy is getting better here in the u.s., and if you believe that the global econo is get being better then you have to turn to financials, industrials, tech and i would point out what you mentioned earlier that healthcare has really been because of the political chatter here in the

u.s. >> right. >> it's always interesting to look at sectors when the multiples have been compressed and i would certainly look at that here. >> all right. very good. alicia levin with vny mellon, good to see you. >> thank you. also iran is threatening to close the strait of hormuz, the world's busiest -- buyers of iranian oil must stop making those purchases or face sanctions. according to barclays, about 20% of all sea borne crude passes through the strait of hormuz. the price of domestic crude closed higher closing above $66 a barrel. >> and as we've been reporting the spring housing market is shaping up to be a bit unpredictable. today we learned that sales of newly built homes rose last month one day after we learned that sales of existing homes fell. brian olick tries to make sense of it all. >> the nation's homebuilders are putting up fewer homes now than

they were a year ago, but they suddenly seemed to be selling more. single family housing starts dropped 11% in march, but sales of new homes gained 3%. the cause of the disparity is likely pretty simple. mortgage rates. they rose throughout much of the second half of last year, peaking at over 5% on the 30-year fixed on november ane p prospects of the spring and rates then began falling this year and really plummeted in march when spring shoppers were out in force, hence the bump in sales. one of the nation's largest builders reported strong earnings in the first quarter of this year and its ceo points squarely to the surprise drop in rates. >> one quarter into 2019 and roughly 70 basis points lower over on mortgage rates over the past five months, the calling for reaction ing whe

cell raising for housing demand. the median price of a new home sold in march was down nearly 10% compared with a year ago. >> builders are trying to put up cheaper homes with stripdown amenities, but given the sky-high costs for land and labor, doing so might help sales, but could hit builder bottom lines. for yoet nightly business report" doo" i'm diana olick i h washington. downgraded from morgan week's legal truce with ite apple which he says will result in stronger growth and earnings for the chipmaker, price target $95. shares rose 5.5% today to $86.72. kimberly-clark was upgraded to outperform from neutral at mcquarry. the analyst cited the company's earnings outlook and the price target $142 and that stock fell 3.5% to $125.62 and hormel was

downgraded to underweight frl a. the analyst cited rising hog pric which could be difficult to pass along to consumers and the price target $36. that stock was down nearly 3% to 39.24. still ahead, feeling more confident about your retirement? you'. ♪ ♪ ♪ ♪ for the first time a drug distributor is facing criminal charges related to the opioid

crisis. rochester drug cooperative was charged today with conspireing to distribute drugs and defrauding the federal government and two former company officials were also charged and a settlement with the company has been reached and the government will not prosecute rochester as long as it pays a $20 million fine. rochester drug cooperative is the nation's sixth largest drug distributor. elsewhere, two pharmaceutical chains said today they're going to raise the age the customers are allowed to buy tobacco to 21. walgreens was the first to make that announcement. its new policy goes into effect starting september 1st and late in the day rite aid announced the same policy it would take effect within 90 days. all of this follows a crackdown to help the fda to stop selling tobacco products to young people. senate majority leader mitch mcconnell said he would propose raising the federal age limit on tobacco sales to 21. >> it's something we do almost every day, we shop and that

simple act of shopping produces a legion of data and that data is then often made anonymous and aggregated before getting sold to hedge funds, and those hedge funds then spend billions of dollars a year on the data that can help them get an edge on their trading. leslie picker explains this complicated and not very transparent web of transactions and who is profiting off your data and how. >> you're on your way to purchase something and say it's a new pair of pants and you parked your car at the store and satellites from the commercial space agency see you pull up and they sell data about that parking lot and thousands of others to a firm called orbital insight to find out where and when people are shopping and consumer traffic can give them an early of same-store sales and revenue earnings. it doesn't end there. there are at least 100 apps including weather and traffic

apps that are selling geodata about foot traffic and spits out insight about how many customers visited a store in any given day and sell that to investors. when you purchase those pants, companies are tracking that, too. it provides consumer apps to some of the nation's largest banks and gets access to the customer's credit card transaction history which it then sells to investors a nonmyselfed, of course. your e-mailed receipt for those pants are also valuable. that data is pulled through intelligence and enroll.me and this rids your inbox of junk and in doing so the software gets a look and can gather information about purchasing habits to sell to hedge funds. their technology can automatically recognize commercial e-mails and doesn't look at or share personal ones. and if you post about your new pants on social media, you better believe a whole host of firms are scraping through instagram, facebook and twitter to gather sentiment data about

retail brands. for "nightly business report" i'm leslie picker. >> there are currently more than 400 firms collecting the data sets and selling them to hedge funds. twitter says its campaign to clean up its platform is working and that's where we begin tonight's market focus with the social media company saying this morning they had better-than-expected results as it saw an 11% rise in what they called monetizable daily active users and those are users most likely to see advertisements and twitter said the strong quarter was a byproduct of weeding out fake and abusive accounts as well as better targeting ads. shares jumped 15.5% today to 39.77. elsewhere, philip morris reported better than expect said earnings thanks to strong demand for its smoke-free products and the tp company reported a decline in revenue and lowered its earnings guidance for the full year. the stock today was up a fraction to $84.91. martin's better than

expected earnings were helped by strong demand for its missiles and fighter jets and so the defense contractor raised its annual profit forecast. the stock was up just over 5.5% today to $33.10. and harley davidson reported higher first-quarter earnings, but the motorcycle company did continue to face declining sales. harley said that you were yoo e european union tariffs were partially to blame for that. shares were down to 38.92. americans are more optimistic now about their retirement. a new survey by the employee benefits research institute says that this percentage of workers and retirees who think that they have enough saved has reached the highest level since before the financial crisis, but are they right? our senior personal finance correspondent sharon epperson is here with highlights from that report. so how confident are people right now? you can wish and you can dream, right? workers are having that dream

and they're confident or somewhat confident about their ability to retire comfortably and 67% of workers now say that they have -- they do believe now that they'll b retire comfortably in retirement and the economy has done well and the financial situation has improved and that may have colored their confidence and perhaps their overly confident. in fact, 82% of retirees say they're somewhat confident or very confident and they'll b continue to live comfortably during the golden years. how far behiendz are some americans in saving for retirement? they definitely have catching up to do and they haven't done the calculations yet on how much it will cost them to retire and what they'll need live comfortably all those years and 42% is only the numbers that have done that type of calculation and only 29% and that's less than one in three people have actually calculated how much money they'll need for probably their biggest expense and that is healthcare expenses. >> what about the people already in retirement and they're

confident that they'll be able to continue in retirement. >> that 82% is astounding and a lot of it has to do with the big number for retirement savings that they'll be needg for for their health care expenses. fidelity will have $285,000 if you're a 65-year-old couple retiring today and eight out of ten workers according to the study say they believe that they'll be able to cover those medical expenses in retirement. they reality of whether or not they're able to based on the retirement savings they have, that's a good question mark. >> w you to stay right there because we want to pick up on a study yesterday that shows that social security and medical future will run out of mope in the not too distant future. how can americans prepare for a shortfall and joining me is liz miller from financial place advisers. >> thank you. >> it would be out of money by

2026 and social security by 2035. how realistic should people be to plan for those incomes as they get ready for retirement? >> i think they need to make very specific plans for taking care of themselves. when we talk to those in their 50s and to me, that's the real market that's affected by this. they're looking out potentially 15 years plus before they retire and that's coming right against the social security estimates. so we have a lot of clients in that age frame asking us what do we do, what does it look like if there is no additional income? most aren't thinking social security. so i'm not as worried about that population particularly really even for the 30-year-old to say our savings and they totally believe it's all on themselves and our clients that are in the 50s, we're starting to look at, let's see what you have and what does it look like without that extra income. >> what about healthcare? that is a huge concern for a lot of people as they get closer to

retirement age, right? >> it is. and those numbers are scary coming up very quickly. i think there is part of the population who is sort of ignoring it and sure that something will change. somehow this will get fixed and as we know that can be very dangerous. fidelity estimates, of course, are pretty high and we like to put into perspective the estimates are for a couple and almost two-thirds of those estimated expenses are for what is now medicare premiums and prescription kind of expenses and one of the things i liked to talk to couples about is what are you spending now for health care insurance and what are you doing? because what they worry about is thinking that that big nut is a completely unplanned catastrophe and that's not what experience shows us. >> and you've put in a lot of work on how much people will have to pay and get ready to pay when they get to retirement on health care. they'll have to pay a substantial amount and the other thing they have to remember is when they think they're going retire at 65 which many workers

say they'll do and many more are retiring at 62 and before they think they're going to because of the health care emergency and because of disability and job loss. what happens then because you can't get medicare until you're 65 so how will you pay for those healthcare expenses earlier on and that's something else that a lot of people need to think about now. >> i don't want to be complacent about this, bii can remember when i was in my 30s and the warnings were that i shouldn't wait for social security to be there when i'm getting ready to retire and here i am getting ready to retire at some point and it's still solvent right now. >> right. right. >> are we whistling past the graveyard here? >> well, demographics have a lot to do with social security, and somehow that's kind of the rut we're in at the moment because the millennials were delayed in starting their careers and if there were enough younger people working putting into social security it helps the rest of us get through. so it's the ultimate of a good pyramid scheme. liz miller with summit place

financial advisers. sharon, thank you for being with us tonight as well. >> coming up, the transformation of american malls. ♪ the faa and the department of troilgz ha have given a drone start up. this is the first time the drone company has received the same government approval as the airline. it's wing, the division of google's parent company alphabet and wing says it can now start commercial deliveries from local business

it's no secret that the way we shop is changing and so malls across the country have to evolve to keep up with the new demands and to keep shoppers spending. courtney reagan takes a look for us tonight. >> the american mall. it may not be the gathering place of the '80s and '90s, but extinction headlines take it too far. >> they're not dying. they're just changing. it's true that m than a quarter of the nation's headlines, and 14,500 announcements in the u.s. since 2017. some due partially for heavy debt burdens and lower sales and margins as more shopping moves online. locations are the biggest traffic drivers, making them the most important and most expensive to replace. but green street advisers estimates malls will be more than 93% occupied this year and that's above the historical average. last year tenet sales were the best in six years.

mall operators are getting creative and filling empty real estate with experiences. things you can't buy on amazon. >> things like axe throwing, things where people can go and participate in some sort of experience. these used to be in remote locations and now they're coming to your shopping center. >> there's an escape room where a new bankrupt limited and limited two store used to be in new jersey's woodbridge mall. this lifetime fitness is where jc penney used to be and it even has a water park. the american dream mall in new jersey has changed hands three times in the 16 years since it was first conceived. now run by the family that owns minneapolis' mall of america. it's almost ready to open. with an indoor snow park, a dreamworks branded indoor water park, aquarium, cirque du soleil venue and with over half of the tenants entertainment or food it will hardly feel like a mall at all. >> we are a consuming public. we like to shop. we like to have experiences.

i don't believe retail as a category is headed toward armageddon. i think it's headed toward repositioning. >> brookfield, the country's biggest mall owner has peleton stores, tesla showrooms and the best shopping centers curated 30, 35% apparel and 20% home furnishings and 20% entertainment and 15% to 18% food, 10% electronic and digitally native companies which are sort of the biggest flow of tenants into our shopping centers. >> simon property group owns some of the strongest in the countries and its tenant has changed with fewer clothing stores and the addition of 15 brands that started online like parker, caspar and untuck it. for "nightly business report," i'm courtney reagan. finally tonight, today marks the anniversary of one of the biggest product flops ever. >> remember that? it was launched on this day in

1985 and the backlash was swift. consumers were upset about the iconic soda's shift in flavor. new coke didn't exactly disappear immediately, but it was joined only two months later by coca-cola classic and in 2002 it was taken off the market for good. you might say it was a corporate decision that left a bad taste in some people's sorry. one final look at the day on the street. the dow was up 145 points. the nasdaq and the s&p with their gains today all-time highs. that is "nightly business report" for tonight. i'm bill griffeth. thanks for watching. have a great evening. see you tomorr ♪ ♪

>> this is "bbc world news america." >> funding of this presentation is made possible by the freeman foundation, and judy and peter blum-kovler foundation, pursuing solutions for america's neglected needs. >> wow, that is unbelievable. ♪ >> i'm flying! ♪