>> announcer: this is "this week in bus with tyler mathisen and su. turbulent week, stocks zig up and zag down. next week could bring more of the same. why drivers in some parts of the country could be in for a surprise when they go to fill up. protecting your money. does your financial planner know how to keep your information safe from hackers? those stories and more tonight on "nightly business report." good evening, everyone, and welcome. a dizzying week on wall street ends with a drop. over the past few sessions investors saw volatility awaken from its summer slumber. some days the bulls were firmly in control. other days, the bears. and the big move seemed to hinge on the economy.

the data, federal reserve. and what if anything policymakers will do when they meet next week. probably nothing, by the way, but hey, you never know. but it wasn't just the feds. one stock in particular played a key role in the swings all week long -- apple. it was up $10 for the week but lost some ground today. today, the dow jones industrial off 88. nasdaq fell five. the s&p 500 declined by eight. for the week, nasdaq was the big winner, up more than 2%. bob pisani takes a look at the week that wa week that may lie ahead. >> it was a wild week. it started with fears that the fed may raise rates next week. stocks moved down, bond yields moved up. stocks settled down late in the week. the big story shifted to apple and strong orders for the iphone 7 pushing th up 11%. apple is by far the biggest stock in the u.s. when the biggest stock in the

u.s. moves 11% in a week, that's news, because it not only moves the stock, it moves the market. the s&p 500, the main market index, is market cap weighted. the bigger the stock, the more it moves the index. the s&p is up about 10 points this week. apple is responsible for 7 of those 10 points. remember, apple is in the dow. the dow is up about 35 points this week. apple was responsible for pushing the dow up about 75 points. in other words, without apple, the dow would be down about 40 points instead of up 35 points. see? next week it's all about the fed. most expect the fed will not raise rates. there's a good chance they'll sound hawkish, that they will make noises that they still might want to raise rates later this year. for "nightly business report," i'm bob pisani at the new york stock exchange. will next week be another wild week for stocks? katie nixon joins us, chief investment officer at northern wealth trust management. great to see you, katie,

welcome. >> nice to be here. >> it was a wild week. do you anticipate, because there's so many different events still ahead of us, that that volatility will continue? >> we do, sue. as you were saying before, we've come off this lull, so we have a little bit pent-up volatility demand facing us right now. we're historically in a period of time in the calendar where we do face higher volatility and then we have all the news that's going to come out next week regarding bank of japan and clearly the fed will be a needle-mover. >> do you think the fed will remove the punch bowl, water down the punch? what are they going to do? >> tyler, i think they'll keep their options off. we think september is off the table, fed fund futures suggests that's the consensus, less than 20. december is about 50, a little higher than 50 today, that's a bit of a coin flip. we don't think the fed is going to move in december. we think the december fomc statement will be very interesting.

we're watching for a change in their language to suggest they're leaning toward the hawk-ish side. >> what's holding them back is it the election, they don't want to be perceived as influencing it? >> i don't think so, tyler, they like to look apolitical. they might like to go before the election. but i just don't think the data is there to support it. we've had this tug-of-war between some very weak macro data, whether it's the pmi manufacturing and services, we had retail sales, industrial production, it goes on and on. it seems like the things that are moving in the right direction are employment, and perhaps we had a small uptick in inflation. but we're still far below the fed's target on the pce. >> where do you think a good place to put money for the longer term investor is right now? do you still favor risk assets or not? >> i'm glad you used that phrase "lon term," because we think investors will really have to think about the long term. these will be volatile markets, a lot of news flow, a lot of

noise, right, in the market. taking the long term perspective is going to be the only way to be successful in this market. we like things like assets, u.s. equities, high yield bonds, even. it's all based on the premise that the economy will grow slowly by positively. those are two supportive pillars to risk assets. >> how many interest rate hikes do you anticipate over the next 12 to 18 months? >> we have one rate hike over the next 12 months, quarter point, two and through, and that might be the last one. the economy simply is not robust enough to require a more aggressive fed. >> all right. on that note, katie, thank you so much, have a great weekend. katie nixon with northern trust wealth management. oil prices fell today and about 6% for the week. the attention today was on gasoline which rose sharply on concerns that a pipeline like an in alabama could lead to potential shortages in parts of country.

the leak closed part of an important pipeline. as jackie deangelis reports, that could prove costly temporarily in some parts of the country. >> reporter: part of country's largest fuel pipeline, the colonial pipeline, has been shut down. it delivers gasoline to more than 50 million americans from re refineries. a leak that started september 9th prompted the shutdown, which is expected to be resolved next week. the disru has been seen in gasoline futures market. prices rose 7% last week even as the om 6% in the same time peri. that could translate into higher prices at the gas pump, at least temporarily. seasonally, this is t time of year that experts expect gas prices to decline as summer driving season pulls back. in fact earlier this week, estimates were for a 5 to 10 cent short term drop. but a prolonged transportation disruption could have the opposite effect, causing a 15%

spike in some parts of the east coast, including atlanta, the carolinas, and virginia. >> gasoline is getting to a level i thought it belonged. gas prices, probably if nothing else will come back a little. but they've been so depressed for so long, i don't think anyone is going to a problem. >> triple a says the average is $2.18, down from a year ago but up 5 cents from the last month. stocks of refine product, a glut continues to linger. the key to retail gas prices, transportation of supply. an extended outage of a key artery is a catalyst that could change the game. for "nightly business report," i'm jackie deanne geangelis. medical costs saw the biggest jump since 1984. the latest government report shows that the consumer price index was up .2% in august. and while americans are paying

more for housing and health care, we're paying less for food and energy. the net worth of households in the u.s. hit a record in the second quarter. the stock market and a steady rise in home prices drove those gains. according to the f resers repor have a net worth of $89 trillion. the report showed that more americans are taking on mortgage debt which saw the biggest quarterly gain in more than eight years. another bank in the crosshairs. the justice department is reportedly going after deutsche bank for its mortgage lending practices that led to the financial housing crisis. the size of the fine is described as mammoth, sending shares of the german bank sharply lower. >> reporter: one europe's biggest banks, deutsche bank, is facing a fine of $40 billion from the department of justice. it has emerged in leaked documents showing the fine the

german bank faces. it's an issue that has already seen america's biggest banks fi with the decision on deutsche still pending. the final sums paid were significantly below initial leaked numbers. deutsche bank likewise expects the final fine for them to be a lot less than $14 billion. >> it's a very high number. this was the case with other banks in the united states. we all saw that these numbers go down significantly then. and so we are very confident that we are able -- that we will be able to negotiate these numbers significantly down, when we are sure that we wiare treat fair in this process. we are quite optimistic that this number definitely won't be the final one. >> reporter: either way, alongside the recent wells fargo s , w pending a senate hearing on tuesday, the regulatory environment for banks until the u.s. remains

incredibly demanding. for "nightly business report," i'm wilfred frost at the new york stock exchange speaking of wells fargo, the pressure is on there, and intensifying. the house financial services committee says it has launched an investigation into, quote, alleged fraud at the bank and will hold a hearing later this month. separately, in a letter released today, five democratic senators asked wells fargo to take back bonuses to executives linked to the phony bank accounts that were created to meet sales quot. still ahead, your financial adviser has incredible access to very personal information. a new survey questions whether they know how to keep it safe.

apple enthusiasts lined up across the globe for the new iphone 7 and 7 plus. from sydney tokyo to new york, people stood in line for hours to buy the newest generation of the device. although some estimates say the crowds were not as big as in years past, that could be because preorders appear to be very strong. apple's ceo tim cook made an appearance at the apple store in palo alto, california. if you work and you're on the road a lot, you know this scenario. your smartphone is out of power and you need a quick charge. but plugging into that public station could expose your confidential e-mails, passwords, and more. >> what they don't realize is absolutely everything is recorded. >> reporter: it may look like a free charging station. but plug in, and hackers could see every move you make. >> you can see it's clearly

recording. it's just captured everything on my phone. >> reporter: he calls it videojacking, a new form of digital eavesdropping discovered by this security firm. you can rig a charging station with an hdmi cable when taps into a feature automatically enabled on most devices which allow you to project images from the phone onto a tv. >> there's no security prompting asking the user if they're sure that they want to allow this to go out. >> reporter: he says if you connect a vulnerable device to this, hackers could secretly record a video of everything you do. >> you go into your on line banking application to take a photo of a check. that's recorded. when you connect to your contacts, all of that is recorded. an e-mail or a text, everything on the screen is 100% recorded. >> reporter: he says the spy charging station is simple and inexpensive to build, and could

be at an airport, convention center, or any other public space. >> from the moment you plug that cable in to the moment you unplug it, it's exposed and recorded. >> rep he says most hdmi-ready smartphones are at risk. >> apple phones, samsung, google phones, et cetera. >> reporter: google declined to comment and apple and samsung did not comply with your request. >> if i plug this phone in and put it onto the hdmi splitter for that specific cable, you see that the display is now mirrored. >> reporte should you be concerned? he says so far he doesn't know of a victim who has reported an attack. but they may not even know it happened. >> one thing i'm very sure of is if i don't think of something and i don't talk about it publicly, somebody el well. it's much safer for us to expose these risks. >> reporte he says the best way to make sure it doesn't happen to you, use your own charging cable and plug it directly into an outlet or carry along a battery pack. andrea day for "nightly business

>> now to another type of online threat, sorry to say, new research shows that most advisers think cyber security is a problem, but not all of those financial pros now know how to protect their clients' information. sharon epperson has more on the study from the new york stock exchange. sharon, welcome. what did the study say? >> the recent study came out today from the financial planning association and td ameritrade, took a look at what financial advisers know about cybersecurity. 81% of financial advisers in the survey identified it as an issue. but only 30% say that they completely agreed that they are prepared to deal with what could happen and to mitigate the risk if hackers become involved. >> sharon, if you're a client of a financial adviser, what should you do? should you talk to them or ask them about how prepared they feel to safeguard information? >> reporter: certainly. we're talking about your social

security numbers, bank and brokerage numbers, sensitive information. ask some important questions to your financial advisers right away. make sure that they have a plan in place. so first question is, who has access to my information? the more people who have access, the more potential for your information to be at risk. you want to know where that information is stored. is it stored electronical or in a physical location? either way, it needs to be a secure location. if you leave, is your information deleted? these are important questions to ask your financial adviser. >> what can you do on your own to safeguard your information? >> you need to be careful with your own information. when you're e-mailing your financial adviser, don't put in your social security number or your bank account number. if they're asking you for that information, make sure that you understand the reason why they

need it, and call. say it over the phone. but don't put that in an e-mail. if you are electronically communicating with your financial adviser, make sure it's on a secure website, https, to make sure it's secure, and make sure it's an encrypted e-mail. if you're sharing files, make sure you have a password protected exchange with an encrypted password. >> a lot of the brokerages have that, where it's sent on kind of a private network with encryption. sharon, thank you very much. sharon epperson. to read more about how secure your information is or isn't with your financial adviser, head to our website, nbr.com. intel raises its revenue where we begin tonight's market focus. the dow component says pc makers demand for intel's ry which is

chips. intel easily the best performing stock on the dow today, rose 3% to $37.67. new york attorney generaler rick snyderman is investigating an energy company whose stock fell 4%. pharmaceutical giant johnson & johnso will buy abbott laboratory's i-health division. the acquisition expands j&j's diagnostic business. shares of johnson & johnson were off slightly. hospital provider community health is said to be exploring a potential sale, according to a bloomberg report. the company is discussing options with its advisers. the report also noted that a deal may not happen. community health shares rose 15% on that report to 12.27. unilever may soon acquire

jessica alba's company for less than what it was valued for. the takeover is worth more than $1 billion. last year the n $1.7 billion va. shares of unilever dropped slightly. honest company is privately held. general electric said its nearly $2 billion deal with a uk-based energy company has been approved. the conglomerate will provide equipment for construction of a nuclear power plant. ge's shares fell to $29.68. 21st century fox will sue netflix, alleging the video streaming company knowingly recruited and hired two of its executives while bound to an employment contract with fox. shares of 21st century up a little bit.

netflix shares up by 2%. our market monitor likes stocks that are dominant in their sectors and will do well his first time on the program. he's jimmy li, managing partner at the wealth consulting group, welcome, good to have you with us. what makes an all weather stock in your view? >> we're talking about companies that dominate their space. they create a moat. in an economy that's weakening, they can still maintain a dominant position and do well. i think that's important, as we enter the later stages of the business cycle, tyler. if we do end up getting a little bit of a pullback in the markets, i think these dominant names will be names that will hold up much better. >> let's move to your first pick, jpmorgan/alarian mlp, basically a play on the energy sector. what do you see happeni there, and why do you like this one?

>> it's contrarian, in that the ggest hits to q3 earnings have come from the energy sector as far as projectio and estimates. but for the longer term investor, three years on out, they'll buy, as oil is coming down closer to 40, if it gets below 40, those are great entry points into th this etn provides a nice dividend deal, to be able to put in your bank account. >> speaking of dividendsa is onl with a dividend of better than 3%. >> that's a theme you'll hear from me, even though we have a little bit of a higher target on s&p for right now, if earnings follow through in q3 and 4, a .egative shock could hurt the companies like coca-cola does really well with packaging and marketing their products

worldwide. we like coca-cola as well. >> your next pick is alphabet, the parent of google. >> yes. so google, if you've seen recently, has gotten out of some of their non-cor non-core busin. search in china, that he got out of that. we think there's potential margin expansion and higher stock prices for google. >> what about the market overall, jimmy? there are those out there who say that the volatility we've seen portends a pullback in the market. do you agree or not? >> i do. i n expect more volatility going forward. obviously with the interest rate decision coming up next week, i agree with your previous guest that we're not going to have a rate increase in september. if we do get one, it will probably be after the election, maybe in december. i think a lot of th uncertainty has created a lot of, you know, volatility that we haven't had for a long time. i think going forward you can

expect more volatility. we think there's more of an upside. we think taking these dips as we get selloffs as buying opportunities, if you have cash, i think is a good idea. >> jimmy, thanks, have a great weekend, with the wealth consulting group. coming up, it turns out kids who move more learn better. and one company is growing fast by helping stude here, folks, is a look at what to watch next week. on tuesday the senate banked committee will hold a hearing on the fake account scandal at wells fargo. the ceo has been summoned to testify. on wednes mylan will testify

on the epipen price increase matter. on wednesday, the federal reserve release its decision on interest rates followed by a yellen, a busy next week. we're seeing it in offices across the nation. workers using standing desks, underdesks, eliberty callo lip p ellipticals, i h one of those. >> reporter: at oak ridge elementary in arlington, virginia, school is back in session and an experiment from last year is now a lesson learned. >> i like all the equipment. >> reporter: kids who move more learn better. kid-sized pedal desks, standing stations, and tiny ball chairs. what's fun about a bouncy ball chair? >> you can bounce on it. >> reporter: all part of a pilot

program at the school designed to get kids moving while they work, and it worked. >> some of the behaviors that teachers notice increased were time on task, cooperation with each other, having an opportunity to sit and read for longer periods of time. >> reporter: the idea came from oak ridge mom heather sobi who wanted to keep her energetic son on task. >> even if i do lunch and p.e. class, there's just an abundance of ene >> reporter: when she saw a pedal desk online, she was sold. she sold equipment from a company founded in 1997 which inity made kid-sized equipment for gyms and therapists. four years ago they started seeing demand in schools. >> we wanted to make a difference in kids' lives. >> reporter: kids fit started making active classroom furniture and never looked back. >> we built all the equipment.

and everything that we did was based on that science that says that there is a direct correlation between a healthy child child. we expect to grow by 75 to 100% this year, it's really been crazy. it's been awesome. >> we started with just a few pieces because fundraising is very difficult. >> reporter: the oak ridge pta raised $9,000 and tried the pieces they bought thought the year. the sc has to commit to a philosophy of movement behind it. >> it's a mindset, that children move. we went from having them walk in silent straight lines in the hallways to letting them have quieter conversations and wiggle as they walk down the hallways. >> reporter: they went through rigorous teacher and kid training. shoelaces must be tied. >> that way you don't step on

it. >> reporter: that wod be bad. >> yeah. you would get yourself hurt. >> reporter: there have be no injuries. only pleas. >> how do we get more? we're willing and we'll give it our best. >> reporter: in other words, she'll keep the balls rolling. for "nightly business repor i' diana olick in arlington, virginia. >> gives new meaning to the thought that kids are bouncing off the walls in my classroom. that's in my hometown, way to go arlington. >> that will do it for us for this friday. i'm sue herera. thanks for joius. >> i'm tyler mathisen. thanks from me as well. have a great weekend, everybody. we'll see you hear for a bouncy ♪

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