Datly positive economic which we will get to in a moment. Over the past month alone, the major averages are all up more than 4 . As for today the dow rose another2 points. Nasdaq climbed by 57 with apple, facendok, amazon, netflix among the outperformersthe. The s p 500 added 13. As bill said, a lot o todays sentiment driven by stronger than expected economic data, and there was a lot of. Steve liesman sorts through the deluge of data. Reporter preholiday deluge of data showing the u. S. Economy operating a bit baert st than walet had expected. There was one warning sign about the holidayhopping season that bears watching. E government revised Third Quarter gdp up to 2. 1 , two ticks better than expected. Durable goods rising 0. 6 in october, much better than the 1 decline expected. A partial reversal ofhe sharp falloff in september. A business spending measure inside the report also improved. Meanwhile jobless claims came in below the elevated level of the past feweeks and that eased fears the job market could be but aauge of consumer income in october was unexpectedly weak registering no growth. Wt spending g was 0. 3 but the concern is that americans dont have money for the holidays in their pockets, they may not spend. G retailers ang to have to hope that the incom numbers and Power Consumer spending for the holidays. For nightly Business Report, im steve liesma there was even more econofoc ation tonight. The Federal Reserve summary of economic conditions, better known as the bei book, said that the ecomy expanded modestlyndetween october midnovember. Labor markets remain tight. Manufacturing looked mixed. But urn certainty over tariffs continued to weigh on business. Investme separately the National Pending Home Sales which ai measures signed contracts fell nearly 2 in october from september. Is of the likely reasons there arent enough homes on the market to meet demand. Good economic new helped the market reach record highs but can we expect this market to continue its climb higher for the remainder of the year . Kevin keron is Portfolio Manager at washington cssing visers. He joins us now to talk about this. Good to see you, kevin, welcome back as always. Good to be here, happy thanksgiving. You too. So you do expect this market can moveigher but a couple things need to be put in place. One of them is Business Sentiment . Sure. There were three pillars we were lookg for this year. Number one, we needed to see the Central Banks prime the pump, they did that, the United States and china cutting interest o,tes. Number e needed to see some improvement in the geopolitical climate. Maybe were moving toward a deal with china, maybe some of the worry regartng bre has been pushed off, so that is an accomplishment or moving to accompheshment. Andnumber three, what we really need to see now is a pickup in business confidence, show through as m business spending. Because ultimately that can help generate mor Earnings Growth next ar. And that earngs growth has puzzle thats been missing this year. I said to a machine manager on the pr wram, wee talking about, gee, how things look great and the marest conti higher, thats when i start to get nervous, when were convincing ourselves why whis markl continue to go higher. What do you think . The data that you inre just taabout a couple of minutes ago, this improvement in the tone and the data the lt few weeks is really important. Because weve seen a slowdown in global growth, weve sane a slowdown in global manufacting, earnings year over year have been essentially flat. What weve seen latelyus are some initial signs that things might be firming up. And that would be enough to give the markets some more confidenco as we move he end of the year. Thats what we hope to see. But still were late in the cycle. We want to be careful. We want to own very good qualits companith good balance sheets, increasing in wellcovered dividends, and ultimately buying things at the right price, then you should be able to hroughhatever 2020 brings your way. Start thinking about energy for longterm value . Yeah, so energy is very deeply hurt in terms of their valuations. Thve been a big drop in earnings. It really takes some brave you need to be brave to step in and buy the Energy Complex at tthis point. F you have a longterm perspective, that might be a good place to go. Stly at this point look for quality, consistency, bit, good balance sheets. Happy thanksgiving, thanks for joining us, kevin, shington crossingadvisers. Now to the other big story on this thanksgiving eve. That wou be the wicked weather snarling Holiday Travel across the country. A pair of storms have teamed up to wreak hav as pple head out for the busy weekend. One is pounding the western states with rainlong the coast and reports in oregon of wind les per hour. 00 its also dumping heavy snow in the Higher Elevations in that area. The second storm is tearing through the midwest. Its also bringing strongvyinds and hnow and some of that nd is going to reach the the paradin time for in the morning. Ah, yes. As they say, timing is everything. Aaa estimates more than 55 Million People are traveling this thanksgiving weekend. Thats close to a record high. Most are driving. But the airlines are also seeing more travelers. And this year theyre finding planes and airports are packed. B philu has more from chicagos ohare air. Reporter the long lines at chicagos Ohare Airport say it all. The thanksgiving travel rush is. He sth many hoping to hit the road beforerms snarl flights and traffic across the country. Im a little worried. My dad sent me a text saying look out for the weather reports but i havent heard anying from tairlines. Were headed to philadelphia. Think we manage to escape the majority of the weather, hopefully. Th once we get out of chicago, i dont expect ag too bad. We get back next wednesday, hey, chico, who knows what the weathers gng to be. Reporter this year thanks to a strong ecy, more americans are taking off. The planes will be a little more crowded. In part because there are fewer seatshan the industry once expected. Thats because southwest, united, and american are unable to fly more than 70oeing 737 maxes they originally had on their thanksgiving schedules. While there are fewer seats than planned, the average domestic airfare remains close to its lowest price in years. We dont see any marginal o impa fares, and in fact, the continued affordability w absolutely see as one of the ingredients of the record mmbers this season. Reporter wite people traveling, more airports like new Yorks Laguardia are seeing the benefits of bigger redesigned terminals. Even olderirports like ohare are finding new ways to move travelers through theerminal quickly. With clear prescreened danger i. D. Stationspening in time for the holidays. I think this rlly helps the customt be able to to the front of the line. For us, congestion in our lobby and checkpoints are at a minimu reporter with storms across the country, especially the upper midwest and northeast, this has not been the quiet start to the thanksgiving weekend that airlines were hong for. And thats important. Because the more cancelations passengers theyll have to rebook. And the more that will weigh on their bottom line in the fourth quarte phil lebeau, nightly Business Report, coming up, high drug prices can keep patients from getting the muchneeded treatments their need. Happen when they become too cheap as well . Well explain. As you see, farm equipmentmaker deereaw shares down more than 4 today after the companys latest earnings. Results were better than year had investors concerned. T dominic chu looks into why the investors were saying oh ar. Reporter it was a solid deere. Gs report for aker of ds biggest farm and Agricultural Equipment beat analyst estimates for profits and revenues this past quarter. But its the outlook for 2020 that hadnvtors feeling less rosi rosie. Trade tensions and bad weather have taken a toll among big customers, american farmers. Lingering trade tensions coupled with a year of difficult growing and harvesting conditions have caused many farmerso become cautious about making Major Investments in new equipment. A result deere says it expects profits of between 2 llion and 3. 1 billion in the year 2020. The high end o that range would still put the companys profits below what it made in 2019 and below what analysts were forecasting. The moreas conservative for comes as deere prepares itself for sale declines in key product areas. Worldwide sales of agriculture and turf equipment are expected to fall between 5 and 10 , and construction and forestry Equipment Sales are expected to falletween 10 and 15 . While the story does sound downbeat for deere, it couldch ge relatively quickly and forcefully,ep dding how trade policies develop, not just on the u. S. china front, but also the progress of the u. mexico canada trade agreement. Deere says over the longer term l be good. A pickup in Economic Growth not abroad athe u. S. But well could shift sentiment more positively in the coming months and r nightly Business Report, im dominic chu. More issues for boeing. Thats where we begin tonights market focus. The faa now will be inspecting and signing off on every new 737 max jet, individually, before boeing can deliver them to airlines. Thats a new wrinkle in the longdelayed certification of the planes. Separately, the Seattle Times reported the fuselage of boeings 777x split due to a High Pressure rupture during a stress test. Boeing fell nearly 1. 5 . Raymond james upgraded under armour from strong buy to outperform due to upbeat outlook. Raymond james maintained its price target at 30. Under armour stock gained more than 6 to 19. 10. British american tobac is warning a crackdown on the vaping indus is going are going to hurt its sales growth. The companys forecasting its shaping revenue will be on the lower end of itsli e outlook range, but total revenue is still expected to grow. That helped shares grow today. They rose more than 4 to 39. 57. Apple is reportedly asking its chinese manufacturer to double production of its airpods pro earbuds. The Nikkei Asian Review reports the tech giant would like to ct increase pron for its lessexpensive arairpods. Rose more than 1 day. The drug industry is under siege fei prices too high, but there is another problem brewing, and thats what happens when prices areoo low. You get drug shortages. Dozens of dru from antibiotics to pain meds to therapies for Childhood Cancer are listed i shortage by the fda, and the problem is getting wors meg tirrell takes a look. Reporter to karen hay, her diagnosisith Bladder Cancer in her 50s came a a shock. Having cancer is not something i thought was going to happen. Nobody does. Bu especially at my age. And this cancer . I had barely come to terms with that. Reporter then aft her initial treatment she was dealt another blow. The best drug to treat hse e wasnt available to her. That kind of took away the last little bit of strength i had for a while. Reporter bcg, a decadesold treatment sought to stimulate the immune system. It was the firstllnd s the most effective immunotherapy for cancer, 70 success rate in hittilit rating cells. Tha shortage, has been for years, after a manufacturing facility stopped making it in 2016. And though merck says its more than doubled production bcg isnt available to everyone who needs it. That angers doctors like ben davies. To say to somebody, we dont have that, i can offer you ferior products, is decimating. Its no question its caused deaths. Reporter bcg is just one of hundreds of drugs that have faced shortages, spanning antiotics, pain medications, Childhood Cancer drugs. Even simple products likealine solution and sterile water. M experts blaket failure. In general these are very inexpensive drugs so its not profitable to make them. Its also difficult to make these products. In many cases it doesnt make economic sense for a do to make ese old, cheap drugs when they can make something more expensive. Reporter merck says ituote continues to work around the clock to get bcg to as many patients as we can and itma s firmly committed to patients and physicians where otr companies have chosen to exit the market and no others have chosen to invest in manufacturing. It cts 170 per vial and patients get six via over six weeks. Some question whether a higher price could address the problem, somethingmercks ceo discussed. By raising the price could you manufacture more . Supply the whole market if you raised the price . I think this is the emplar of a big problem thats going to continue going forward. When the prices of drugs get too low, particularly generic drugs, thenarou dont havet incentive for people to t capital up to build facilities like we need for additional amounts. For merck the challenge h is can we maximize the amount we can make for patients given the fact that the other two companies have droppedar out of thet in the moral of the story is sometimes drugs are not available because the prices are are t high. Because the prices reporter mercks cancer drug keytruda is pricet more than 13,000 a month. It drew revenue of more than 7k billion for m last year. I dont think it would be too much to ask for them to put a little bit of that money into a facility, because they have a moral ligation. Theyre the only manufacturer of a product. Reporter for hay thats the best drug for her cancer is unavailable is painful. Were perfectly capable of making enough of this substance, we just our system chooses not to. Reporter for nightly Business Report, im meg tirrell in pittsburgh. Joining us for more, andrew handtell joins us, oncologist at Dana Farber Cancer institute. Dr. Handtell, thank you for joining us. I kne unfortunately you h lost patients because of a shortage of drugs in the past. Lets cut to the chase, what are the solutions that you can think . Is it just as simple as taking the profit motive out of some of the drug production in thi i think we have to think about it both in the shortterm and longtermoriew. In the term, while all of these things a happeni in the private sector, like trying to incentivize companies to make more drugs and trying to pass legislation to both import ddgs and to f greater solutions, we need to have research to figure out how bot to allocate the drugs to patients when theres not enough, and to managehortages more generay. So i think its both that there needs to be Research Done and there needs to be these different profit incentives for companies to t increase manufacturing. What is the best way to achieve that is it congression action . Is it imean, theres disclosure as well i would think that has to be addressed. Of course yes. So i think from the private sector standpoint, there needs to be incentives in terms of contractual obligations, from hospitals who are buying medications like was mentioned in the report, for them to maybe be willing to increase amount that theyre willing to pay for a medication. And i think there also nee to be quality incentive. Right now the issue is both there is an incenti for companies to get into the market, theres also not incentive to produce highquality medications. So very frequently the supply chain and the quality of the medications is disrupted, and therefore the one or two a medication for arent able to continue making it. And so tnk putting money forwar for companies to continue to do that is important. I think, yes,gr csional legislation has happened. It reduced shortages in 2011. And further needs to happen to be able to reduce shortages further. Sue mentioned discsure. If one hospital has a shortage a particular drug, patients do have choices that they can make toolsewhere for it, right . They do. And le the patient in your story mentioned, physicians very much wan to talk to patients about it when it happens, when shortages really affect their care. Shortages can be both of medications that we have very good alternatives for, and so a too much in terms of a patient and Patient Outcome standpoint. But also, youre right, from the hospital perspective, its not very nice to be the first person coming out and saying, our hospitals dealing with shortages, when theres a lot of compition in that market. I think there needs to be an onus on fits and hospitals to be able to say, this isy a rea big problem and there needs to be a lot done on our side, on the health systemside, on the pharmacy side, and on the ongressional side, to do things. Dr. Andrew handtell, dana farber institutin thanks for g us, doctor. Tha. Coming up, whats old is new again. Im courtney rea jersey, a store that might look familiar, but its totally dierent. Toys r us is back, kind of. The story coming up on nightly business rep as we all know, friday is black friday. Long considered the granddaddy of all shopping days. This year its not just retailers looking to cash in on the Holiday Shopping season. Ra inst and other social media platforms aretilso get in on the act. Julia boorstin has more. Repter this holiday season, instagram is trying to shift from being a place to follow brands and browse products like a magazine inn a virtual mall, a new destinaon for shopping. Now hun beds ofnds are testing a new checkout feature that enables users to byproducts right within the app without having to open a retailers website, inputting their credit cards, which instagrams. Sa instagrams promoting this feature by running ads for holiday products from retailers selling through checkout. Sial commerce is super early. This is reall i think the big Inflection Point this year. Its going from a very low base. We think over time ite can m up a much larger percentage of online commerce. But yes, i think this year is a really inflection year. The soerm platform is looking to tap into the fact that 90 of people follow a brand on instagram. 130 million instagramers tap on product tags each month. According to a new report, unearly half of. Consumers are considering purchasing products seen in social media in addition to instagram, facebook, snap, and tik tok are worko make it easier than ever to find and complete a thisr facebooks pushing itsd yrchase. Augmen reality ads like this one for italian cosmetics brand wei makeup for a lipstic line. Facebook saying this enar expe drove a nearly 30 lift in purchases. Snaps dynam ads which i rolled out last month enabled consumers to shop brands like shady ray sunglasses by loading Companies Websites within snap chat, then snap hubs brands measure whether ads are driving signups or purchases. Snap has a great chance. The challenge right n is they skew to a younger audience. So most of the younger audience thats on itsi are it as a communication platform, less as a transactional platform. So we think thats those users age up, theres a great opportunity for them to transact. Its going to be a lowe lling price, but effectively the number of transactions cld be high. Tik tok, which already runs shop blast, is allowing influencersdd to a links to make content more valuable. Im Julia Boorstin in los angeles. Returned in time tort holidays. S toys r usback, sort of. Its a very different version of the store we once knew, but familiar nonetheless. Courtney reagan takes usnside. Reporter toys r us is back, kind of. A its new company with that same familiar name. The toy retailer filed bankruptcy in 2017, failed to reorganize, liquidated, closed all 800 stoars last a new parent company, true kids, now owns the toys r us, babies r us, and jeffrey brands, using thewellknown name to start over. Its different when you get yourself and see t toys. Nce it its so much fun. Reporter this is the first new toys r nd store u the new brand owner, a Garden State Plaza mall, opened in time for the black friday shopping rush. You wont find any door busters hen is opening in houston next week. A totalsf ten stoill be open by the independent of 2020, much smaller than the former 800 oys e footprint of the old r us. These stores are considerably smaller, only 6,500 square feet, compared to 40,000 feeling, a little more intimate, less commercial. Which i think its a great approach. Reporter the new Toys R Us Stores are done in partnership with Technology Firm beta, powering both what shoppers see and the behind the scenes systems. Its meant to more there are 40 brandsan here, with dedicated stop and shops. Rich barry was formerly the m chiefchant for toys r us. He has to convince toymakers that this time around, it will be different. Wobody was happyh what went on and the fact that our partners were in a position where they lost money as a resu of the bankruptcy. The Business Model is different. We have to convinceerands about usiness model. But it was not difficult to get the store actually oversubscribed. Reporter the new toys r us doesnt have its own ecommerce business. If you want to buy boys you see onli, youll get redirected to target. Com which fulfills the order. Ironne, target isf the retailers that benefited most from the absence of toys r us and now its resurgence. Target added more space t fors in stores, increased toy inventory, and its working. Credit sweetgestimated t grabbed 15 to 20 of the toys us babies r us share. Toys were among targets strongest categories in the quarters ofales growth. Straight while the new toys r us is drastically different than the original, the joy t the store brings to many is back in time for christmas. R nightly Business Report, im courtney reagan. Ainal look at the day on wall street, records with the dow up 42, nasdaq climbing 57, the s p added 13. That isghtly Business Report for tonight. Im sue herera. Thanks for joining us. Im bill griffeth. Have a great we will see you tomorrow narrator funding for this presentation is made possible by. Woman babbel, a language app that teaches real life conversations in a new language, like spanish, french, german, italian and more. Babbels 10 to 15 minute lessons are available as an app or online. More information on babbel. Com. Narrator funding was also provided by. The freeman foundation. By judy and peter umkovler fotion. Pursuing solutions for americas neglected needs. And by contributions to this pbs station from viewers like you, thank you. Woman and now, bbc world news