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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. that compares to a minuscule 1% gain in may through october, and resulting in the adage "sell in may and go away." guarantee of future performance to question past seasonal trends, this could be it. in addition to the fallout from stock market is likely to battle nevertheless, for every ten optimism about our country about the european union, about the long-term political stability that will emerge from all this.

>> tom: the fourth quarter is manufacturers, but activity may the institute of supply management's index fell slightly manufacturing and the economy was the focus of a discussion i hosted today with five of the discussion dominated by talk of lower taxes and more trade americans back to work on the asking anything. >> tom: texas governor rick perry pointing to energy exploration in north dakota, encouraging domestic energy those energy jobs need highly short supply according to some. former pennsylvania senator rick santorum is among those candidates endorsing the end of u.s. corporate taxes on profits

there's $1.5 trillion g those back and you invest themckp in plants and equipment in america, and you pay zero. you pay nothing. idea, but without limiting how companies use that cash when it comes back to america.p if we would zero that out, that's the true stimulus. so we want to bring that $1.2 trillion overseas here to the united states. purpose they see fit? >> without a doubt, it's their money. they should. >> tom: texas congressman ron paul blames reckless federal reserve policies for weakening the u.s. dollar and hurting u.s. on the eve of a news conference hear from bernanke tomorrow?

>> that he was resigning. that he's going to throw in the 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 really hasn't solved our problems." red to work toward is full employment. about half of unemployed months without a job, a record gingrich wants to use that time to retrain american workers. >> and you say, "if you need unemployment compensation fine then you have to sign up for a unemployment, that's an associates degree. in 99 weeks, you can train virtually anybody. you establish the principle "we do not give people money for >> tom: while election day is

>> susie: another big sales big automakers in october. thanks to strong sales of its chrysler posted a 27% gain in at ford, sales rose 6%. but general motors was way behind; its sales edged up only 1.5%. automakers, toyota continues its its sales fell almost 7%. but toyota says it hopes to exceed year-ago sales levels in quarter. already, for toyota and other auto companies, showroom foot traffic is picking up speed. as diane eastabrook reports, its >> reporter: for toyota dealer kurt schiele the new redesigned camry, which sports a high-tech

in awhile.yglkp e auto dealers scrambling for inventory just as consumer demand for new vehicles started improving. schiele was down to one 2011 camry when the new models rolled omeone was very particular-- "i'm looking for a silver sedan with toyota"-- it was harder find. but we would find the cars and do the trades and find people seem to be back on track again after japan's disaster threw a supplies and sales last summer. pent-up demand are behind u.s. consumers have been delaying purchases, driving 11 years old. there's also a shortage of used cars and light trucks with low morningstar auto analyst david whiston says if you're lucky enough to find one, it might be too expensive. >> so that is going to get where more and more will say

it's not worth it to buy used. so you're better off buying new. rongest he's seen in years but there are potential potholes. threatens supplies of some still, u.s. auto sales are expected to top 12.5 million that's a million more than last some analysts, including year, barring any supply shortages. diane eastabrook, "nightly business report," elmhust illinois. >> tom: starbucks is putting up with the opportunity finance the venture is called "let's create jobs for u.s.a." starbucks locations. for a $5 donation, customers get

with the word "indivisible" on it. e digits, it was time to act.sñpkp >> even though we're a political organization with stublt respect a a >> tom: 100% of donations go to the opportunity finance network. institutions which lend to many the network says, for every $5 donated, it will be able to lend $35. the idea is that if small businesses have capital, they basic form: fire. for engineers like amory lovins lovins was named as one of as we continue our series, "how gersh talked with lovins about fire, and how energy innovation

could spark an economic recovery. >> three quarters of the nation's electricity is used in entrepreneur amory lovins that's a opportunity. he says more will save the country $2 billion. are four times cost. internal rate 33 percent. you get side people in the buildings but that. in industry we well. we can only double in >> another economic opportunity. oil dreaming >> what we found startling. you could run a 2.6s --

>> yes bigger 2010, no oil, no nuclear energy, a nuclear gas value. then business as the transmission inventions, no act of leadhurrkuakcu@ by buscus b for profit. it's easier than not it. >> one of the insights of your book is industry basically and looking at things piece by piece and entire people use does that work. >> credit the partners cut the energy use by more fifths with a it building.

the 6.5000 super windows without heat and lights and office equipment we cut by a third. instead of up fifth and chillers. over $17 million which for everything ells. pay back is three that's optimizing the window as a a quiet u.s. economy. energ efficient and creating jobs. with advance power with motors. >> in the key to stunning advantage. you steep learning curves reinforce each

other. carbon fiber, structural manufacturing, and the power from type computers. >> amory lovins. complete interview on our web site: www.pbs.org/nbr. as our reporter packages and other interviews.dkp >> tom: m.f. global, the now- former goldman sachs executive jon corzine, violated crucial wall street regulations by failing to keep customer money separate from company money. an m.f. global executive admitted as much, according to published reports. it isn't clear whether the separately, the head of the commodities futures trading commission are investigating it's just the latest bad news yesterday, it filed for the eighth largest bankruptcy in >> susie: a change of heart from bank of america today.

the bank announced the fee a month ago, and the negative backlash was immediate. milar charges.2 after the regulators capped fees on debit card transactions last month at about half the previous level. that's good news for consumers, the bank stocks were down again today. >> tom: ya, far another rough day. start after a difficult halloween. it with tonight's focus. stocks took another beating today, extending the sell-off for the second straight session. stiff selling over the past two

the selling again today was led about earlier. 5%. then we also saw selling in the economically sensitive areas of energy and industrial stocks. than 3%. finance sector was futures exchange c.m.e. group. falling to its lowest price in trader big c.m.e. customer m.f. global may mean. regulators are concerned some large life insurers may have made mistakes on how much cash genworth financial, lincoln national and protective life have acknowledged using the questionable formulas.

those three stocks each fell by only one dow jones industrial the green: drug maker pfizer. the market bought after better than expected quarterly results. pfizer reported 62 cents per share, six cents over wall street estimates. all that helped push pfizer shares up by a fraction, but the the end of this month. it's best-selling cholesterol loses its patent protection. losing energy were drillers and servicers. baker hughes reported a big pop in north american earnings but shares of b.h.i., rowan and

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 ad company interclick. interclick shares jumped 21% closing price. exelixis shares plummeted 40%. the company will launch experiments for a prostate guidelines. okay, it reduces the treatment's and that's tonight's "market

>> susie: this year's world series is turning out to be more for the cities and for major league baseball. in tonight's "beyond the scoreboard," rick horrow steps the financial perks of the fall classic. >> reporter: after putting s. since the world series went the projects economic impact from the playoffs to exceed $56 million. additionally, the cardinals earsp in incremental ticket, merchandise and sponsorship sales just by winning the title. not bad for a team that only made the playoffs on the last

team level to the league level despite ongoing economic attendance increased 0.8% over last season to nearly 74 million people. thanks to sponsorship renewals are at an all-time high of $7.5 now the stage is set for a wild is a free agent and could sign the richest contract in baseball and most significant: the agreement expires december 11. m.l.b. labor negotiations are l.tfdkp have a salary cap, the league's 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 i'm rick horrow. >> tom: here's what's on tap for tomorrow: quarterly earnings from molson-coors, mastercard and news corp.; and i talk economy, employment and an the nation.tphkp also tomorrow, federal reserve news conference after the homeowners may have suffered those borrowers will have a 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 the lenders include citibank,

wells fargo. a federal investigation found some lenders rushed the process >> tom: meantime, the justice home mortgage. the government accuses the privately held mortgage broker of fraud. according to the complaint, nearly 36,000 of the loans allied made from 2001 to 2010 defaulted, costing the government more than $800 ans allied granted. the civil lawsuit seeks at least $2.5 billion in damages. allied hasn't commented on the suit.

>> tom: we spent the day here in iowa talking about how to improve the economy and make america prosperous again. we're not the only ones talking here's tonight's commentator, todd buchholz, author of "rush: why you need and love the rat race." america. american airlines teetered and well, at least the movie "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. been steadily climbing for the past 40 years. china has boosted its market share but mostly by snatching business from asian neighbors

on a new boeing 787. if you have to, get an m.r.i. in heck, even if you drive a toyota i'm not telling you that the u.s. economy's in good shape. but would you rather invest in europe, where the parthenon is crumbling and germans must bail china, with its one-child policy? no country has been shielded from the great recession. mbe "captain america" has taken a few hits, but let's decline. i'm todd buchholz. 1. i'm tom hudson.2 susie. >> susie: good night, tom. i'm susie gharib. we hope to see all of you again "nightly business report" is made possible by:

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