for "nightly business report", i'm courtney regan in san francisco, california. >>> coming up, do american teenagers have basic financial survival skills? we have the results of a new worldwide study. that's next. >>> a little good news in the uneven recovery in housing. applications for new mtgages up 2% last week as rates held steady at about 4%. >>> there may be good news at the gasoline pump. it could fall as much as 25 cents a gallon. u.s. supplies are spiking higher and demand is in check. >> it is in someways the last tab by, family discussions about money. in a new study by fidelity found a majority of parents and children can't agree on when or how to discuss important later life financial matters including retirement, estate planning and elder care. >>> speaking of financial matters, do you think you're smarter than a 15-year-old? at least regarding financial matters. researchers got surprising answers and results of a financial lit fie test given to teenagers around the world. hampton pearson reports. >> reporter: at george washington university, a forum that included educators

for "nightly business report", i'm courtney regan in arkansas. >>> walmart isn't alone in needing to grow sales. late today the container store reported weak earnings. the ceo went so far to call it a quote retail funk, that the weakness isn't just due to the weather and calendar shift but environment other retailers are experiencing. that sent shares sharply lower after the bell. >>> still ahead, cutting the cost of treating cancer. can it be done without sacrificing patient care? we have the results of a new study on that. >>> the justice department appears closer to reaching a multibillion-dollar deal with citi group to settle lawsuits with risky mortgages. dows is reporting that citi is expected to pay more than $4 billion next week to avert the federal suit. >>> the cost of cancer care is growing 15% a year. it's expected to top $175 billion by the end of this decade. costly cancer drugs one reason but a study out from unite the health group finds there are other ways providers can cut costs dramatically. bertha coombs has more. >> reporter: the study aimed to cut costs by remov

courtney regan has the story. >> reporter: it's well-known bill simon wanted more than just running the u.s. business, he wanted the top job at the world's largest retailer but in november, walmart named doug mcmillan, the youngest ever chief executive office so today's announcement that simon is leaving walmart comes as no surprise to wall street. the current ceo and president of walmart asia will replace simon. he came to walmart three years ago from australia. foran moved to ceo of walmart u.s., his second promotion since june holding the ceo of walmart asia positions for less than two months. there are a number of other executive changes since mcmillan took over in february, including the ceos of walmart.com and walmart canada. some executives have left the retailer all together, though, the replacements have been insiders moving up. foran is stepping into a big job at a tough time. locations open for at lease a year have fallen for five straight quarters and traffic is lower for six consecutive quarters. >> they are really subjected to the overall economy and there isn't a whole lo

for "nightly business report", i'm courtney regan. >>> our market monitor guest tonight says there are pockets of opportunity, you need to know where to look. welcome, nice to have you here. >> thanks for having me up here. >> there are pockets of opportunity. i assume that means evaluations are not stretched as they appear to be in some sectors. >> i think it's like that joke about the man who draowns six inches deep, the same in the market. the average looks fairly to maybe a little over valued but there are extreme pockets of over evaluation and some really extreme pockets of under evaluation, places like energy and energy services. so we've tried to dig in the value areas. >> the markets snapped back today after yesterday's sale off regaining virtually all of what it lost. >> yes. >> i wonder when you heard the news of this downing of the plane. did you do anything? did you change your portfolio at all, buy or sale? >> it's a great point. we didn't do anything. we try not to react. we try to be more proactive. you can't be proactive to a tragedy, if you don't know it's going to hap