mark luschini is the chief investment strategist at janney montgomery scott. mark, that was way back in january. how about that, job growth has slowed considerably. how does it change your investment outlook. >> seems like a long time ago, tom. but it really hasn't done anything to change it. in fact it's probably reinforced it. we didn't know at the time that perhaps some of that increase in job growth that we had in the beginning of the year might have been pulled forward from now on the back of better than expected weather. but as a consequence, we still thought though that we would see still somewhat anemic growth in the united states, slowing growth in europe, slowing growth in china and that led us to an opinion that we wanted to stay largely domestic with regard to equity exposure and that's kind of leaning into larger cap high quality names and especially those that pay hand sum dividend yields because in a low growth world income matters. and you can't find much income being produced today by the traditional source of that which is of course fixed inc

we'll talk to janney montgomery scotts, mark luschini. >> susie: that's nightly business report for thursday july 5. have a great evening everyone, you too tom. >> tom: good night susie and everyone. we'll see you online at: www.nbr.com and back here tomorrow night. "nightly business report" is brought to you by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt.

assistant chief scott graham montgomery county, thank you forred update. again, this is a fire they're working on at the marlowe building, and you can expect that traffic is pretty much of a mess in that whole area. >>> doug, how is the weather looking? >> the weather tonight is absolutely perfect. a beautiful evening all across the area, but a heat advisory is in effect for tomorrow. how hot we'll get wheeeeeeeeeeeee! wheeeeeeeeeeeee! whee! whee! wheeeeeeeeeheeee! heads up. everything you love about geico, now mobile . download the geico app today. ♪ ♪ [ male announcer ] virtual wallet can help you be that person who's good with money. see what's free to spend. move money with a slide. save with a shake. feel good about your decisions. >>> a racist comment on twitter will keep an athlete from greece from competing in the olympic games. the 23-year-old triple jumper mocked african immigrants and expressed support for a far-right party. the head of the greek olympic committee said her comments showed no respect and pulled her from the competition. the athle

montgomery county. and that's where we sent scott broom, who spent his whole day on the road. scott. >> well, i have some pretty disappointing news this afternoon. it's just the number of lights that are still out and the rate that they are being brought back online is really disappointing to a will the of motorists here in montgomery county. mid-morning, the county announced 240 lights were out at intersections like this one at veers mill and broadwood in rockville. 240 right now, they just issued some new numbers. they are down to only 200. they brought 40 intersections back online. they have 90 of them staffed by officers right now. here's how some motorists reacted to coming to these four way stops today. >> i'm a little nervous. >> one go, one go, and i go. but when i go, they still -- >> the lucky ones had portable stop signs standing in. >> do you trust the other guy? >> i guess. >> at 1:30 this afternoon, county police reported 240 traffic lights still out. and only enough officers to direct traffic at 90 of those intersections. >> what is helping is officers out there

. >> reporter: assistant montgomery county fire chief, scott graham told fire crews to start hydrating tonight, in anticipation of another scorcher tomorrow. that is good advice for anyone who has to work outside. >> 8-ounces of water for every hour you will be out tomorrow is a good rule of thumb. >> reporter: just because you weathered the heat wave so far now is not the time to get complacent. >> go to cooling centers if you don't have air conditioning if you didn't have to be out in this don't. >> reporter: with any luck this crew can head home soon. >> tomorrow morning we are going to head back north hopefully the storms stay away for awhile. >> audrey barnes, fox 5 news. >>> montgomery county emergency officials, scheduled a noon conference call to go over resources they want to make sure that enough are in place if we do get that bad weather expected today. >>> after the storm, 9 days ago, pepco faced with so many outages and a lot of criticism, now dc lawmakers are questioning its performance and want answers from the power company. dc councilmember, mary che is calling for a f

let's get the latest from montgomery county assistant fire chief scott graham who is on the phone.>> yes. good morning allison. >> good morning to you. can we say this is good news that everyone is out, or are there still people believed to be inside? >> no, we made eight rescues via ladders upon our arrival. we're at the woodlake apartments, the 14000 block of castle boulevard. the fire was on the rear of the building, and extended into the roof structure of the garden apartment. there were people inside, of course this time of day not everybody has left for work, et cetera, so there were eight rescues that were affected via ladders from our first arriving companies. the fire is still an active working fire. we have approximately 100 firefighters here on the scene. at this time we're not reporting any injuries, either firefighter or civilian. again, we're very early into the incident and it's still an active incident, and as more detailed information as to the origin and cause of the fire becomes available, we'll let you know. >> obviously we know this is ongoing, so it's a fluid

montgomery county assistant fire chief scott graham has some advice to weather this waning heat wave. >> people just need to keep their senses. check on neighbors. go to cooling center it is you don't have air conditioning. and if you don't have to be out in this, don't. it's a good time to stay home, check up on the family, catch up on son movies, books, work on your houses. >> reporter: i never thought that i would be a girl that had to show to work with a kler but i am now. that's the only thing that could keep me cool here. alternate between water and electrolyte replace many. don't stick with just water. that's not enough. you need to replace some of the vital electrolytes that you are losing in the heat wave. eight ounces of water for every hour you are in the sun in the heat tomorrow. >> audrey, you are not alone bringing your cooler to work. thank you. >>> turning now to the race to the white house, republicans are responding to president obama signing the transportation and student loan bill at the same time the dismall jobs report was released. >> reporter: the romney campai

scott. >> reporter: that's right. montgomery county police maintained a precautionary presence outside this theater through much of the day today. they just retreated. the movie theater has been showing dark knight rises of 15 minutes all day long and a lot of moviegoers i talked to said pulling it from theaters now would be the wrong thing to do. >> batman wouldn't be scared of him, so i shouldn't be either. so it's the case of going on and keep doing your thing. >> reporter: donnie storms, a batman fan with a thoughtful view of the day. >> this is one of those things if you live your life in fear, the people who committed those acts have already won. >> reporter: montgomery county police were assigned to keep a precautionary eye out. >> kind of glad they're making sure people feel calm. >> it really helped me out knowing i can enjoy a movie and feel say. >> reporter: chief tom maker. >> we have no information of my threats. we're not concerned about what occurred out in colorado, but i think that the public does have some conc

. >> reporter: i'm scott broom in silver spring, among the places where montgomery county police put a precautionary presence outside theaters after the tragedy in colorado. >> kind of glad that they're making sure people feel calm. >> reporter: there was no sign today events in colorado slowed the steady traffic of fans come to see the dark knight rises in silver spring and producer warner brothers has no plans to suspend screenings of the film nationwide. however, this trailer for the upcoming release of gangster squad has been pulled. ironically it features a shooting scene inside a crowded theater. >> i don't think it had anything to do with the movie. >> i think people can make a distinction between fantasy and reality. >> reporter: here in silver spring near thegoers acknowledge tragedy but aren't stopped -- spring theatergoers acknowledge tragedy but aren't stopped by it. >> reporter: scott broom, 9 news now. >> tonight the national association of theater owners released this statement on the shooting reading in part, "our hearts and prayers go out to the victims of this despi

scott. >> the aviation community in montgomery county is mourning the loss of a local legend. an instructor pilot was killed yesterday in a plane crash near davis airport. another pilot on board was taken to the hospital with critical injuries. kristin fisher is live at davis airport where the ntsb a investigating. what can you tell us? >> reporter: investigators have been out here all day long. a few hours ago, they moved the plane wreckage from the crash site to inside the hanger here at davis airport and they are hoping that the wreckage will provide some clues as to exactly what happened. 79-year-old frank schmidt was a local legend in the aviation community. he had nearly 19,000 flight hours and he had been an instructor for 40 years. >> i think frank was the best instructor i ever had. >> one of the best pilots i have ever had the opportunity to fly with. >> which is why what happened here at davis airport is so hard to believe. a pilot, mechanic, watched it happen. the small beach craft took off and crashed 300 feet past the runway. >> there was some sort of catastrophi

scott broom in annapolis. >>> a stabbing at a post office in montgomery county. 67-year-old ray alfred young has been charged with second degree attempted murder. police say that young stabbed another person at the post office in colesville, maryland yesterday. he was reportedly upset about not being allowed back in line after stepping aside to complete some business. the stabbing victim is expected to recover. young will have a bond relater today -- review later today. >>> she was jogging on the capitol crescent attack when -- she was attacked near fletcher's boat house. u.s. park police say that the man approached her, put a choke hold on her, she lost consciousness. and then when she awoke, she found that her pants were down and the suspect was touching her. she scrolled and the man ran off. -- screamed and the man ran off. >>> a new report says that airline tickets have reached an all time high. the transportation department says the average price of a domestic ticket soared to $373 and the first three months of the year. now that's nearly a 5% jump over the same period last year. and $520 the report say

scott broom is in rockville to explain. >> reporter: pepco and state regulators were called on the carpet today by montgomery county's county council. >> we have an antiquated utility system that does not come close. >> reporter: pepco executives endured a now familiar day of blistering criticism. state senator brian frost, for instance, calling on state regulators to deny a 4% rate hike request due for a decision tomorrow. >> you want to communicate effectively with pepco, don't give them a rate increase. we're not getting the service that we deserve. >> reporter: pepco executives called the surprise so-called derecho storm of june 29th that blacked out more than a half my oncustomers, some as long as six days, a hurricane without warning. >> derecho was unpredicted. it left more damage than hurricanes isabel or irani and left customers without power in -- or irene and left customers without power in 10 states. >> reporter: rate payers were unimpressed and pepco was further embarrassed today when regional administrator thomas graham flubbed twice. >> it's not reasonable for a person to be upset at all when they are without

montgomery county remains the hardest hit. police reported 240 intersections without traffic lights this afternoon. scott broom is keeping up with the situation and joins us live from rockville. scott. >> well, here is one of those intersections. it's frustrating and daunting for some people who aren't used to it. this is broad wood drive and veers mill here in the twin brooks section of rockville. they still have a temporary stop sign out here. connecticut avenue through kensington. every light was out at one point. it has good night somewhat better today. a big breakthrough happened on connecticut avenue just after noon. here, finally, progress. 12:15 p.m. and connecticut avenue southbound was being reopened at veers mill road. 2 1/2 days to clean up this major artery after friday night storm. the damage to utilities along connecticut avenue and north kensington, dramatic, dozens of traffic signals still dead. >> i'm a little nervous. >> all over montgomery county, motorists were left to trust each other at the busy intersections. >> we stop. wait for one to go, and i go. when they go, they continue. >

montgomery county, i'm pat collins, news 4. >>> a man who once was a school bus driver is going to jail for 55 years for producing child pornography. back in february 29-year-old scott smallwood pled guilty to making sexually explicit videos with a 7-year-old boy. he was arrested back in 2010 after he left an sd card con take the child porn on the dournt at a convenience store. the owner of the store called police after seeing what was on the card. smallwood ialso facing a lifetime of supervised release. >>> there are some new shots fired in the presidential campaign media war. today president obama's campaign released a new web video that questions mitt romney's assertion that he had no responsibility at bain capital after february of 1999, even though papers filed by the company list him as the ceo as late as 2002. >> i was the owner of a -- of the general partnership but there were investors which included pension funds. >> and various entities of all kinds that owned the, if you will, the stwefts of the firm. >> but i was the owner of an entity which was a management entity. >> that entity was one which i had ownership of until the time the retirement program wa