this is "nightly business griffeth.ith sue herera and bill all-time high. for that you can thank shares of boeing which expects to resume shes of boeing with its 737 max next month. the investor sector had lousy earningsnd demand remains weak so why is it rallying? big bust? why cracks may be forming in the high end art market. those stories and much m oe tonigh "nightly business .eport" for monday, november good evening, everyone. welcome. the blue chip dow index closed at a recordsi e a 160 point drop during today's session.

big but theren't were enough. the dow jones industrial average closed up 10 pois to 27,691. its ninth record close of the year.da the n fell 11 and the s&p 500 was dow 6. the reason, boeing. the stock rose 4.5% after the company said the 737 max could be back in service by the end of january. the aerospace companylso said it will resume deliveries of the jet next month. phil lebeau takes a look at what's behind that optimism. >> reporter: with well over 300 newly b 737 maxes parked and waiting to go io commercial service, boeing is anxious to get the 737 max back in the air again. in fact, it believes that could happen as soon as january. boeing's time line calls for a certification flight by ear next nth. if there are no issues, faa certification is expected by mid decemb. so max deliveries would resume. pilot training rules for the

plane s could be by mid restart commercial flights on d planes that have been parked for almost a year. d but't expect southwest and american to begin flying the max an te soon. both have pulled the plane from their schedules untilly e arch while united is also expected to push back its max plans. if eing's time line holds, it may not be long until w find out whether travelers are readyb to getk on the max. after two crashes and a year of negative stories questioning the safety of the max, will airlines be able to fillhese planes with passengers? >> i think ultimately passengers willesly these pl number one, they have limited number of choices if they want to get toheir destination. number two, these planes will be found to bevehelmingly safe. >> reporter: the concerns about the max expect a major push by boeing and airlines to convi the traveling publi that this plane has not only been fixed phileau, "nightly business .

report," chicago. the companies with a lot at stake in the trade war with china. in fact, the entire industrial sector has been bounced around for years by tariffs and endless rounds of negotiations, but in the pas month or s that group has suddenly started rallying. seema mody tries to make sense of the move higher. >> reporter: despite lackluster earnings, industrial stocks hav staged a rebound over the past one month on hopes that a trade united stateshe and china is coming together. industrials are up 6% over the st month making them the second best performing sector in the s&p 5 after financials. just look at names like caterpillar which had disappointing results and even cut fourt quarter guidance. that stock has already rebounded more than 20% from the october lows. the rebound comes even as demand iofor constru and agriculture relateequipment remains tepid. they see the recent improvement

as a reason to warmp to industrials. the phase one agreement of the trade dea ould include the rolling back of some tariffs which have served as a head wind for u.s. and chinese manufacturers venting demand for big machinery and heavy equipment, but a key earnings report from equipment maker deere will provide investors with a much needed update onal e of u.s. agriculture industry and whether farmers ho off on making big ticket purchases. ere has been cutting production this year but progress on trade could materially change the story. the rec it rebound industrials also plays into the overall rotation into cyclical sectors but whether that rotation has legs will depend on continuing to improve. if it doesn't, analysts warn this reboundhoould be a lived one. for "nightly business report," i'm seema mody at the new york stock exchange. brad mcmillan joinss to talk about the rally and the important industrial sector. c

he isef investment officer at commonwealth financial ctor. good t see you. welcome back. >> thanks for having me. >> are you one that thinks this rebound is for real and sustainable? i do think it's sustainable for a couple of reasons. fit of all, most of the damage has already been done and comps have responded to that so they would be improving anyway. second of all, both sides have an incentive toea cut a so i think there are a lot of tailwinds here. >> who are we talking about here? how do like in that sector that yotarting to see some signs of life in? >> well, when you look at whether stocks are cheap or expensive, the real -- the real cheapest area is in construction equipment, heavy equipment, heavy trucks. you know,e youeen an example with that with cat, for 'sexamp. th been beaten down quite a bit. it's very cheap relative to the market asnd a whole even to the sector. they have the most head room to gr basically relying on a trade

deal getting done? what if the negotiations drag on or ultimately are not >> i think the argument that this isn't just about the trade deal. i think a trade dl would certainly help, but the fact of the matter is we've seen back and forth on thel trade d this whole time and it hasn't moved industrial stocks. now we're starting t see them come back which suggests to me that the market knows it's not just about the trade deal. they're coming back for fundamental reasons. if we get a trade deal, that will certainly help. >> i realize the stock market's at all-ti highs for the most part, but you still have the whispers for the possibility of a slowdown next year. at can't be good for this sector. >> well, t, again, remember, it's not about whether we're going to have a slowdown. yeah, we probably will. 's about expectations. when you look at the companies, the expectations for a slower economyabroad, a slower growth overall and the trade hit, that all adds up. they can still do relatively well compared to what people

couple ofting months ago. it's not going to be good, but still they can beat expectations. >> we will see. thanks, brad. >> thank u. here in the u.s. of course we celebrated veterans' day today. in asia they had their own holiday, singles' day which has morpheo a day of shopping that is bigger than black friday and cyber mony combined. despite recent concerns about the health of the chinese consum, this years singles' day set some impressive sales records. >> reporter: it was a star studded event complete with lights and displays. an entire experience created and designed for o purpose, to get the chinese consumer to shop. s andp they did. to the tune of a record-breaking $38.4 billion. compare that tot l year's $30.5 llion. in 2009 sales were just under $8

million. alibaba's 11 global shopping festival has become the world's largestonline 24-hour shopping event, larger than black friday and cyber monda combined. as the day has evolved, so has the use of technology with live streaming becoming more and more important. last year $15 billional in on singles' day cam from live stream viewers. >> readinghe comments. >> reporter: ki car dwrarn wkart hosted a live stream. >> it tells us the consumers are pretty healthy. the other thing it told us is u.s. products are selling very, very well. >> reporter: this years sales ares closely watched they look for signs on the health of the chinese consumer and any potential backlash because of the going trade war. while sales were strong, some say we shouldn't draw any lger conclusions about the state of the chinese consumer. >> i don't know if it's a state of the chinese consumer asas mh really the strength of

esibaba and the specific technology ients that they've ma, the fact that eir platform is still growing i robust china. i think it's more of a testament to how good babaas really done. >> reporter: another group that did well, u.s.ds br notably apple with the iphone 11, the pro, pro max, nike, he is tai lauder and nestle. i'm rahel it is time to take a look at downgrades.ay's upgrades and cisco was upgraded to neutral. ths analyst poi to a slowing macro environment as well as any near-term catalysts for the stock. the price target is $51. the stock fell 1.5% to 48.10. qualcomm was downgraded at morgan stanley. the valuation gap between the chipaker and the peers which he says has closed following recent gains. the price target is 0. the stock fell more than 2% to

91.84. some s news tonight out of the health care induery. ceo of kaiser-permanente died over the weekend. as bertha coombs reports, he raised the bar for the entire sector. >> reporter: bernard tyson was one of the nation's foremostor advocates improving patient care and access. he spent 30 years at kaizer raising throughhe ranks to become ceo in r13. unis leadership health care advocates say the largest nonprofith integrated healt system grew to be a leading example. at kaiser-permanente you have a very particular model, which is to put the dollars around a health plan and clinical teams working in partnership. when you do that, you get better health. appreciated theer of that d and collaboration but he had the sight and the energy and the passion to take it out into the community.

>> reporter: tyson died unexpectedly in his sleep earlyy su he's being remembered as a leader who in the words of one colleague walked the ta. he helped kaiser invest in data analytic tools for patients at risk of health problems and he recently described his company' push into digital communication allowing patients to securely text their doctors for easier access. >> just think about it. you're working at mcdonald's and you have a 15-minute break and you need to check out something with your physian, well, that's what that is about. that's about a rapid response, and texting is designed for that. reporter: over theast year tyson increasingly talked about the need to help patients beyond $200ospital launching million initiative to address economic and social issues that kaiser's patients in their communities, starting with an afforda pe housingn in kaiser's hometown of oakland, cafornia. >> o incentives are all

aligned to community benefits and the well-being of thentire community. >> reporter: kaiser was on the board of the american heart association and saleorce.com. on sunday salesforce ceo mark benioff, quote, a light in the he always did so much for others and the world calling tyson an inspirational leader. bernard tyson was 60 years old. wework is reportedly in talks with t-mobile o john legere about leading that troubled office sharing sttup. according to the reports ledger is among the candidates being

considero. so far final decision has been made. ledger has ties to work's newly appointed chairman, the rmer sprintceo who helped drive the recently approved merger with ledger's t-mobile. it closed dn 1.5%n today's trade. a former fda commissioner is calling for all of juul's vaping products to be removed from the market. scott gottleib cited two studies on teen use and says it is clear juul cannot keep their products out of the hands of kids. president trump said he plans to meet with the vaping industry, but as meg tirrell reports, th c situation isomplicated. >> reporter: two months to the day after the trump administration said it planned to ban all flavors of er ecigarettes ohan tobacco, no guidance has arrived. but the president in a tweet id today he'll meet with the vapingry indust medical professionals and state

representatives to come up with a, quote, accept ablg solution to the vaping and ecigarette dilemma. together with jobs and children's health will be a focus.they say the president's on jobs as a sign that he may bl potent softening on a total flavor ban potentially allowing menthol to remain on the market. despite the ban, the owner of this vwoe shop and others say the national focus has already had a major impact on herbusiness. >> almost every shop in new york at this point has lost between 60 and% of sales. we have been struggling to stay open. most of us have laid off employees, cut down our expenses absolutely as much as possible. a lot of shops have not paid their rent and we are putting off our lanords to try to make sure we can stay in business until this is over. >> reporter: shend others w rallied on the issue at the white house on saturday say the nistration's stance on a flavor ban could have major political implications too. not only do they feel

passionately about the products, but at the are voters, vapor voters. g similar t owners who feel passionate about the use of themselves and their families, these people will vote on that issue. >> reporter: the group americans for tax reform says vapors may just not show up to the polls in 2020 poten costing the president important votes in swing states imperative to his 2016 win.e, meanwheports last week showed 1 in s 4 highool students had recently used an ecigarette, up from 1 in 5 las year. for that reason, groups concerned about ecigarette use among youth have their own warning for the president. m proposal on ecigar wavers is not only bad public policy but badcs poli saying this is an issue in which parents including suburban moms across the country and the political spectrum feel is very important. for "nightly business report," i'm meg tirrell in new york.

walgreens may have gotten its offer, and that's where we begin tonight's market focus with bloomberg reporting that private equity firm kkr has formally approached the drugstore chain about a deal to take it private. as we told you last week, if walgreens is taken iprivate, would likely be the largest leveraged buyout in history. shares rose another 5% in today's trade. close to $62.25. sun power is splitting itself into two t publiclyded companies separating its solar panel manufacturing unit from itsnergy storage and services division. company says that the split will help lower costs and improve efficiencies. sun power shares were up more an 1% today to 8.47. nectar therapeutics reports posiesults from combining theer eental skin care drug and bristol-mrs squibb. it's up to 20.98.

tupperware said it will be improving financial flexibility and driving profits in the short term. the shares fell more tha to 9.23. a recent report in "the new york times" says child abusers are running rnepant on and big tech companies are looking the other way as they take advantage of the loopholes by recirculating old pornographic images of child abuses. vict michael keller co-wrote the thank you for joining us. s us. >> thanks for having me. >> who are these big compani and w aren't they doing more to police thi troubling trend? >> our investigation looked at many of the major c techpanies including google, drop box, amazon, facebook and found a nuer of them had both policy gaps that allowed files to be uploaded, for example, and not

beor detected this material, but also the number of companies including microsoft were not using their own tools built to detect and t removes material. in our own tests we were able to write a computer program thatic searchedsoft bing search engine for illegal material and found a number of matches raising serious questions about hat eventhe companies have invested a lot io it really why they're not takin fulldvantage of the tools that are out there. >> i know you reached out to some of those companies. what w their sponse, if any? >> some of them said that this wa for privacy reasons, that -- that scanning users' files raises spe terse that privacy act groups could take issue with. azure, enter price systems sai thms of service already barred illegal material and that they felt that their customers' privacy was a higher priority. >> what are law enfcement offials doing about this, if

anything? >> so we reported that last year therwere over 45 million images and videos reported to the national center of misng and exploited children, the federally designated nonprofit that receives these reports, and they were largely overwhelmed, law enforcement is. some of them have had to prioritize by age, overwhelmed by even the number of images that involve infants and toddlers, which was particularly shocking. >> so where do you think this is headed? because your story certainly got a lot of buzz. a lot of people are talking about it. is it goingo be social pressure that maybe makes these compans put in place or use some of the tools that they already have or arethey j not adept enough at handling the out there? that is >> yeah, that's a good question. i think there's a couple parts to it. one, i think that most of these discussions are happening in private. some companies haveolicies but they're not really discussed

publiclyug even t they raise crime type being particularly egregious in terms of child safety but also in w terms oft are the privacy-related issues that it brings up. so i tnk one more public discussion would help. two, in terms of the new technologies that are still needing to be addressed, forpl particularlyhallenging area where currently there are not the same developed tools to be able to detect this. >> a troubling but an important story. michael keller with th "new york times." thanks for joining us tonight. >> thank you. coming up, making tough money decisions in order to plan for the future. >> repor tr: from wall stre main street. how does america really feel economy?e futur of the i'm contessa brewer. coming up on "nightly business report," of a new surhe results

the art auction season is here,nd after a big year last year with some pies selling for tens of millions of dollars, this year could end up being a bust. robert frank explains. >> reporter: more than 2,000 works and more than a billion dolls worth of art coming up for auction in new york this week. the total is expected to down 20% from last year. that is the d biggestrop since the financial crisis. the real trouble is at the very top of the market. paintings that usually sell foreight oine figures. two years ago we had the leonardo da vinci that sold for $450 million. last year they sold for over 90 million. this year the star lot is that.ated at less than half o 40 million for ed rouches

herding the word radio 2 up for auction at christie's. they have one called sir la terat. it sold last year for 90 million. somebody has a de kuning at 25 to 35 million. art experts explain the weakness on sellers who don't want to let go of major works at these prices. you also have slowing growth overseas, trouble in hong kong, oise here iitical the u.s. and removal of a tax loople that allowed art collectors to sell paintings and capital gains taxes.r paying >> across the board the ultra, ultra high networks are starting to pull back on these sentiment driven purchases and i think s thiseople are saying, the canary in the coal mine?

let'ait and see what happens coming into an election year. g>> reporter: over the lerm art is performing well. aark ross could he painting called blue over red that hammered for $5.6 million in20 estimated to sell this week for over 25 million. the sales start today at ristie's and run through friday. for "nightly business rept," i'm robert frank. despite a solid economy, 2/3 of adultear a recession could come next year. a new survey from cnbc and survey monkey shows that half of respondents are takingst active s to strengthen their finances. for many, that means making some toug moneydecisions, something that came naturally to a former poke to e veteran who our contessa brewer in dayton, ohio. >> reporter: in dayton, ohio, charnda scales isard at work. >> i'm a proud air force veteran who while serving on active duty

received the only copy of m grandfather's secret sce recipe that i learned how to bottle and now i sell in retail stores. >> reporter: the founder of tt sauce learned early to make financial decisions. >> when i joined mheitary i had a dream that many other young airmen have, id wan new car. i had exactly enough in savings for my w that i could start mutt's sauce sollc. instead of choosing my car i chose the company. >> reporter: today like millions of other americans, charlinda ts tro figure out what the next yea wil bring. respondents believe a recession is likely in the next year. the same percentage says they'ce no costs goi up in the last three months. restaurants,housing, insurance, groceries. the american consumer has been fueling theu.s. economy and the

upcoming holiday shopping season is crucial for retailers, but in our survey 36% s they plan to spend less this holiday shopping and of those who think recession is coming, 45% say they plan to prepare brimming household spending. >> i can't believe what just a gallon of milk is these days. >> i think the economy's strong andng we're g to be fine. >> reporter: charlinda scales is optimist about the future of her company, but cutting costs where she can just in case. >> a steady paycheck of the military, disability of even a full-time job is a stark contrast to being a small full-time business owr. you're counting every penny. >> reporter: she's hoping tost sweet success. for "nightly business report," i'm contessa brewer.e should point out comcast and nbc universal have a stake in a corns and nbc universal

produces this program. finally tonight on this veterans' y, wall street honored our service men and women. the new york stock exchange unveiled plaques on the navy floor and all members of the military rang today's opening bell. president trump was i k new yor k off the 100th annual new york city veterans' day parade. and on that note, that is "nightly business report" for tonit. i'm sue herera. thanks for joining us. ng i'm bill griffeth. have a great eve .

narrator: fund for this presentation is de possible by... ngman: babbel, a lauage app that teaches real life conversation in a new languag like spanish, french, german, italian and more. babbel's 10 to 15 minute lessons aravailable as an app or online. more information on babbel.com. narrator: funding was also provided by... the freeman foundation. by judy and peter blum-kovler foundation. pursuing solutions for america's neglected needs. and by contributions om to this pbs station viewers like y, thank you. woman: and now, bbc world news.