pp du world war ii, and certainly if the problems do not resolve themselves sooner rather later in europe, then that could definitely hold back price appreciation, in my opinion. >> reporter: for those investors

in the last 50 years, the s&p 500 has gained on average nearly 7% in the period. resulting in the adage "sell in guarantee of future performance but if there ever was a stretch to question past seasonal trends, this could be it. in addition to the fallout from europe's financial mess, the stock market is likely to battle an unimpressive u.s. economy in the coming months. nevertheless, for every ten nervous nellies, there's at least one investor who still believes. optimism about our country about the european union, about the long-term political stability that will emerge from >> tom: the fourth quarter is off to a slow start for u.s. pick up before the end of the year. the institute of supply

in october from september, but any reading over 50 represents a growing manufacturing sector. manufacturing and the economy was the focus of a discussion i candidates in pella, iowa, a discussion dominated by talk of perry pointing to energy exploration in north dakota, encouraging domestic energy those energy jobs need highly skilled workers, which are in short supply according to some. former pennsylvania senator rick santorum is among those candidates endorsing the end of u.s. corporate taxes on profits companies make overseas.

there's $1.5 trillion potentially sitting in overseas accounts in profits-- you bring in plants and equipment in >> tom: minnesota representative >> i support zeroing out the repatriation. that's the true stimulus. so we want to bring that $1.2 trillion overseas here to the >> without a doubt, it's their >> tom: texas congressman ron paul blames reckless federal reserve policies for weakening on the eve of a news conference by federal reserve chairman ben hear from bernanke tomorrow? >> that he was resigning.

towel and say, "i'm very sorry keyseian economics and price controls on money really don't work and everything we've done in the past couple of years to retrain american workers. >> and you say, "if you need unemployment compensation fine you establish the principle "we do not give people money for doing nothing." >> tom: while election day is here in iowa are held in just two months. month for chrysler: it led the chrysler posted a 27% gain in sales.

at ford, sales rose 6%. but general motors was way behind; its sales edged up only 1.5%. as for the big japanese automakers, toyota continues its earthquake-related supply chain issues. its sales fell almost 7%. but toyota says it hopes to quarter. auto companies, showroom foot traffic is picking up speed. pent-up demand. >> reporter: for toyota dealer last spring's earthquake and tsunami in japan left many

toyota"-- it was harder find. but we would find the cars and seem to be back on track again after japan's disaster threw a monkey wrench into vehicle u.s. consumers have been delaying purchases, driving there's also a shortage of used morningstar auto analyst david >> so that is going to get where more and more will say it's not worth it to buy used. more and buy a new car," or, in so you're better off buying new.

threatens supplies of some parts, and the weak economy is spooking some economists. still, u.s. auto sales are expected to top 12.5 million units this year. that's a million more than last year. some analysts, including u.s. auto sales could reach year, barring any supply shortages. diane eastabrook, "nightly illinois. >> tom: starbucks is putting up $5 million, hoping to brew up the coffee company has teamed up with the opportunity finance create jobs for u.s.a." for a $5 donation, customers get a red, white and blue wristband starbucks chairman howard

>> even though we're a organization with let's make a statement we can make a >> tom: 100% of donations go to the opportunity finance network. it consists of 180 community institutions which lend to many donated, it will be able to lend $35. the idea is that if small >> susie: for all of human history, energy has come in one basic form: fire. for engineers like amory lovins lovins was named as one of as we continue our series, "how to fix the economy," darren gersh talked with lovins about his thoughts on reinventing fire, and how energy innovation >> three quarters of the nation's electricity is used in

entrepreneur amory lovins huge opportunity. he says more efficient buildings will save the country $2 billion. >> the savings are cost. internal rate is 33 percent. you get side heathier prochymal duck tiff people in don't count that. in industry we don't do quite in industry. >> another economic opportunity. off oil saves $4 trillion. lovins says that's not dreaming >> what was quite startling. you could run a 2.6s -- than 2010, no oil, no nuclear energy, a third less nuclear

trillion dollars cheaper in the present value. then business as the transmission new inventions, no act of for for profit. it's easier than >> one of the central is and everybody can basically use and efficiently if they stop looking entire system of how people use energy. explain that how work. >> credit the empire state example. with some partners more than two fifths with a difficult old by remanufacturing the 6.5000 windows on-site windows perfect for fixing up

equipment we peek cooling load by a digging up fifth renovate in place chillers. that saves over $17 million which years. that's optimizing the the window as a component. >> lovins says a revolution is fixing the u.s. economy. making it energ efficient and creating jobs. with advance easier to auto it's the competitive activate steep learning that reinforce each carbon fiber, structural manufacturing, and the power train. it's like going from type

amory lovins. >> susie: you can see the complete interview on our web site: www.pbs.org/nbr. >> tom: m.f. global, the now- bankrupt securities firm led by former goldman sachs executive failing to keep customer money an m.f. global executive admitted as much, according to published reports. it isn't clear whether the violations could lead to separately, the head of the it's just the latest bad news for new york-based m.f. global. the bank announced the fee a month ago, and the negative rivals j.p. morgan and wells

fargo recently decided against similar charges. ways to replace revenue lost after the regulators capped fees month at about half the previous that's good news for consumers, but not for investors, tom. >> tom: ya, it another rough da november off to tough start after a difficult let's get to it with tonight's focus. stocks took another beating today, extending the sell-off session. big, the s&p 500 has seen some today's almost 3% drop erases gains the index saw in the final week and a half of october. the selling again today was led

by finance stocks on those greek worries that we told you about earlier. then we also saw selling in the among the leading losers in the finance sector was futures exchange c.m.e. group. falling to its lowest price in while earnings jumped, the trader big c.m.e. customer m.f. life insurance stocks also weighed on finance. regulators are concerned some made mistakes on how much cash they have for certain claims. national and protective life have acknowledged using the questionable formulas. those three stocks each fell by at least 5%. component ended the session in the green: drug maker pfizer.

the market bought after shares up by a fraction, but the it's best-selling cholesterol fighting medicine, lipitor losing energy were drillers and baker hughes reported a big pop in north american earnings but nabors each fell more than 7%. yahoo has been under pressure to reignite its growth. today, the company was in a buying mood. yahoo shares dropped 5% after announcing it would buy online

exelixis shares plummeted 40%. experiments for a prostate cancer treatment, but without a okay, it reduces the treatment's and that's tonight's "market

>> susie: this year's world series is turning out to be more than just a hit for fans. the seven-game championship is also hitting economic home runs for the cities and for major league baseball. up to the plate for a look at the financial perks of the fall classic. together an improbable post- since the world series went the projects economic impact from the playoffs to exceed $56 million. additionally, the cardinals merchandise and sponsorship sales just by winning the title. the good news extends beyond the team level to the league level despite ongoing economic turbulence, league-wide

attendance increased 0.8% over that's the most since 2008. thanks to sponsorship renewals from bayer, chevrolet and others, m.l.b. gross revenues are at an all-time high of $7.5 world series hero albert pujols the florida marlins prepare to open a new ballpark, and many doubt whether fans will show up. and most significant: the agreement expires december 11. unlike the n.b.a. and n.f.l., moving smoothly, thanks in large part to a stable business model. even though baseball doesn't created more parity than in any other sports league. hopefully, coming off the success of the world series m.l.b. doesn't follow the same lockout paths basketball and football went down this year. i'm rick horrow.

and news corp.; and i talk education with iowa governor terry branstad. also tomorrow, federal reserve news conference after the interest rate decision. >> susie: nearly four million improper foreclosures in 2009 and 2010. chance to request an independent review of how their foreclosure process was handled. it's part of a larger enforcement action taken against 14 large mortgage servicers last april by federal regulators. bank of america, j.p. morgan and wells fargo. >> tom: meantime, the justice

department is going after allied home mortgage. the government accuses the privately held mortgage broker according to the complaint, nearly 36,000 of the loans

iowa talking about how to improve the economy and make we're not the only ones talking about it. todd buchholz, author of "rush: race." >> it's been a tough time for shares of bank of america have american airlines teetered and tottered with bankruptcy rumors. "captain america" sold a lot of tickets. but with china appearing to dominate world exports, is there any hope for america? the answer is yes. u.s. manufacturing exports have been steadily climbing for the china has boosted its market share but mostly by snatching think about the world's top firms. reach for an apple iphone, fly if you have to, get an m.r.i. in heck, even if you drive a toyota corolla, you're steering a car made in kentucky or indiana.

u.s. economy's in good shape. the job market is lousy. but would you rather invest in europe, where the parthenon is china, with its one-child no country has been shielded mbe "captain america" has taken a few hits, but let's reject that cartoonish view that >> tom: that's "nightly business report" for tuesday, november 1. i'm tom hudson. and good night to you, too susie. >> susie: good night, tom. we hope to see all of you again tomorrow night. "nightly business report" is made possible by:

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