he's gary motyl chief investment officer at templeton global equity. >> susie: just a few years ago, everyone was jumping on the ethanol bandwagon, but gasoline prices dropped and credit costs soared. now, ethanol is being back- burner. >> paul: i'm paul kangas. >> susie: and i'm susie gharib. this is "nightly business report" for friday, july 17. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. >> susie: good evening, everyone. the economy is impressive again. that's what president obama's top economic adviser lawrence >>> go higher in the months ahead but says that doesn't mean the stimulus effort has failed. instead, he believes the policy helped saved the economy. >>. >> if we were at the brink of catastrophe at the beginning of the year, we've walked some substantial distance back from the abyss. >> susie: but a major part of the administration's agenda could pose new economic challenges: healthcare reform. late today, president obama said his healthcare overhaul cannot add to the

. >> paul: my guest marketonitor thiseek is gary motyl, chief investment officer of e templeton global equitgroup. gary, welcome back to the n.r. >> pleasure to be herepaul, thank you. >> paul: now, you take a vae-oriented approach to globalnvesting. what'sour current opinion on the world markets? >> we think the world markets aretill undvalued and do offer good potential over the next one to three to five years. >> paul: a bull? >> a bull butot an outreous bull >> paul: oh, ok. are the economitimulus programs worng here and abroad? >> in the united stas, stulus programs haven't kicked in yet. we'r seeg more evidence internatnally that some o the programs are hing an effect, particular in china. long-term, thas something that we'll monitor. i would note tt unemployment rates are still fairly high across the world and in most industries, there's still siificant oveapacity. not sure inflaon is a problem in the near or intermediate term. >> paul: ok. what are the most attractiv cotries in your opinion? wh >>e're finding good value in virtually every countr right now. low luations re abuan

. >> pl: tomorrow, our friday market monitor guest is gary motyl chief investment offer at tpleton global equity. >> susie: u.s. homebuilders e starting to feel better out the housing maet. the nationalssociation of homebuilders said today s confidence indexnched up slightly from june to ly. that's due ipart to low interest rates and inctives boting sales of new single family homes. july's reang of "17" is the highest since last septeer. but it's sti well below "50," which showmarket conditions as favorable for sales. >> pl: meanwhile, home foreclosures are still hting cord levels, despite the adminstration'$75 billion plan to help homeowners at sk. er the last six months, one 84 households got a foreosure- relatenotice, a 15% rise from last year. that's according to reclosure listing service real-trac. >> susie: with t failure of small business lender c.i.t. group on the hozon, ny people are wondering why lks for additional federal help faid. tonight's "two wayto play" has two takes onhether c.i.t. is too small to save. here's kevin dew of "minyanville" and "minyanville'skevin depew. >>

. >> pau tomorrow, our friday rket monitor guest is gary motyl chief investment offic at temeton global equity. susie: u.s. homebuilders ar starting to feel better abt the housing mark. the national aociation of homebuilders said today it confidence index ihed up slightly from june to ju. that's due in rt to low interest rates and incenves boosng sales of new single mily homes. july's readi of "17" is the highest since last septemb. but it'still well below "50," which ows market conditions as favorable for sales. paul: meanwhile, home foreclosures are sti hitting record levels, despite the adminstratn's $75 billion plan to help homeownerst risk. over the last six months, e in 84 households got a reclosure- reted notice, a 15% rise from last year. that's accordingo foreclosure listing service alty-trac. >> susie: wi the failure of sml business lende c.i.t. group on thhorizon, many people are wondering y talks for additional feder helpailed. tonight's "twoays to play" has two takeon whether c.i.t. is too small to save. here's kev depew of "minyanville" and "minyanvil's" kevin depew. c.i.t