you can find it under the "blogs" tab with michael kahn. "nightly business report" is brought to you by: captioning sponsored by wpbt >> susie: the u.s. economic recovery remains "tepid." so says christine lagarde, head of the international monetary fund. the i.m.f. issued its annual report on the u.s. economy today, and offered this advice-- focus on boosting growth now and cutting deficits later. lagarde also said she is most concerned about the so-called "fiscal cliff" facing the u.s. next year, as several tax cuts expire. she says that threatens to reduce the u.s. economy's growth to just 1%. >> too strong a contraction of the u.s. economy as a result of, say, the realization of the fiscal cliff would have significant spillover effects outside the united states. so not only the fiscal cliff realization would contract the u.s. economy and reduce it to marginally positive, if at all, it would also have effects outside the united states. >> susie: our guest tonight says one word describes stock market performance for the rest of this year:

you can find it under the "blogs" tab with michael kahn. compounding weakness in the chip sector-- a warning today from applied materials. the stock fell nearly 3% after a-mat cut its full year guidance on weak demand. investors also took a bite out of mako surgical. mako shares lost 43%. goldman sachs cuts the stock from "buy" to "neutral" on worries about the company's ability to sell its robotic surgical systems. and more developments on that barclays scandal-- the bank's former c.e.o. bob diamond said he will forgo $31 million in bonuses. he resigned last week. barclays shares rose slightly on the news. here in the u.s., the senate banking committee saying it will quiz fed chairman ben bernanke and treasury secretary tim geithner later this month about the interest-rate-fixing scandal. turning to the most actively traded e.t.f.s, all to the downside by an average of 1% or more. and finally, one bright spot that may boost markets tomorrow- - fitch ratings tonight affirming its triple-a rating on united states debt, but it says the outloo

you can find it under the "blogs" tab with michael kahn. disney was the dow's best performing stock today. it rose $1.49 to $49.35 a share. that's a new all-time high for disney stock. and investors had fun with mattel today, sending the stock up almost 10% to $34 a share. the toymaker's earnings surged 20% to 28 cents a share, seven cents above estimates. mattel says that's thanks to strong barbie sales and toys tied to the new batman movie. and in today's "e.t.f. market flash," the standout here: the emerging markets e.t.f., up almost 1.5%. and that's tonight's "market focus." >> susie: as we continue our look at immigration and the u.s. economy, we take on a key issue for manufacturers: keeping jobs here in the u.s. a new pbs documentary called "homeland: immigration in america" shows the issues facing one small missouri town as it tries to keep jobs here. >> at the height of the recession in 2010, the unemployment rate in monett was 2% better tonight national average. housing prices remained stable, but this is not a wealthy town. pover

you can find it under the "blogs" tab with michael kahn. coal stocks were fueling the selling in the energy sector. peabody was down 11.3% after a disappointing earnings report and cutting its outlook. alpha natural resources shed more than 10%. consol dropped 4.3%. coal demand has been hurt by cheap natural gas. one consequence of the hot, dry summer over much of the u.s. is demand for electricity. that has helped spark a rally in natural gas. in june, natural gas was trading around $2.25, pushing lower thanks to a warmer than usual winter, record high supplies, and new sources of natural gas thanks to fracking. tonight, it settled at $3.18, a seven month high. the ve most actively traded e.t.f.s were lower, the steepest losses in the russell 2,000 tracking fund. and that's tonight's "market focus." >> tom: the global investigation into the there's banking scandal continues spreading. individual traders have joined the 16 banks that set libor as targets of scrutiny. the london interbank offering rate is an interest rate used to set trillio