Charge. Shopping spree, we all like the idea of buying American Products but finding them is a different story. So we hit the mall to see for ourselves in our special series made in america. We have all that and more tonight on nightly Business Report for wednesday, august 7th. Good evening everyone and welcome. Call it the summer stumble. It doesnt qualify as a swoon or full fledged sale off yet but u. S. Stocks fell dropping like dominos. Japan notably declined 4 as the yen rose against the dollar. Here in the u. S. Investors seemed unsettled by reoccurring fed chatter thinking the u. S. May scale back stimulus in september maybe not. If not, maybe the end of the year. Either way, investors didnt like it. The dow dropped 48 points and the nasdaq to 3654 and the s p 500 closed at 1690 and change. Since 1987, august is the worst month for stocks, so what should investors do . Joining us with his thoughts, Global Market strategist at jp morgan funds. Andres there is a summer lull. What is the smart thing for investors to do . Do you buy, sale, just sit tight . For the active investor, shortterm investment horizon nobody wants to be a hero this august considering how strong the markets rallied. If youre a longterm investors it opens opportunities, for instance european equities we think they under performed the u. S. Equity market and economies not in good shape but going from really bad to just bad and that momentum is what you look for to generate outside returns in the years to come. How much of a typical investor, and i realize there is no such thing as a typical investor but how much of a typical investors portfolio should be in overseas securities . Thats a great question. It matter what is your risk aversion is. European equities will be more volatile. There is more uncertainty not only about their economy but earnings. Thats a reason i think there will be a higher expected return. Having said that, if you look at the u. S. , earnings are not growing rapidly but there is more certainty about them. Therefore, volatility we dont expect to be as high. Depends who the investor is. Having said that, between those two i think european equities offer more opportunity on the sup side. The last time you were on. We were talking about emerging markets and you were cool to the countries like brazil and russia, india, china. How about now . We heard in the earning season mixed reports from ceos talking about Growth Opportunity for the slowdown in china. Is this an investor opportunity, or is it too soon . Unlike august here in the United States where it is a bit of just a soft patch when it comes to everyone at the beach, in china the cool off could last not just for the summer but well into next year. So i dont see it just quite yet the opportunity. Were not quite at a place i feel comfortable becoming over weight in china. What do you make of this little stumble weve had it for three, believe it or not, three days in a row. Right. Of u. S. Equities sliding a bit . I gather your view, medium and longterm on the u. S. Economy is pretty good and hence, for u. S. Stocks, as well. Sure, i think the catalyst for the recent run up to really last week had been earnings. Earnings have not only met expectations but really beat them and that catalyst is drawing to a close. Were almost done and at point i too much into the daily volatility of the market because volume is low. Come september, i think everyone will come back to play and thats really going to dictate where the rest of the year goes for equity. There is something about september, there is mentality of getting serious again, back to school, whatever. The theme so far this year for investors is buy now and sell higher later. Do you see that theme changing come september . Yeah, i think that if you have to take a step back and say if i have a new dollar, where do i think there is the best place to put it . We think we think will go on for years, not just months. You talked about dabbling into european stocks and i think most individual investors wouldnt know how to pick a u. S. Stock, let alone european. Is it best to go through a fund . Y have to be selective in europe. We may like german autos but not german banks now. With sectors you might want a specific stock over another. Active management is important. You need professional help to your point. It is very volatile and you better have hand holding along the way to make sure you pick the right company. Thanks for hoand holding tonight. Consumers are borrowing more, especially for cars and to attend School Borrowing rose more than 13 billion in june. For may the report showed many attend School Borrowing rose more than 13 billion in june. For may the report showed Many Americans arent using their ted d credit cards as much shying away from taking on high interest debt. Oil prices rose more than 10 this year closing above an producing more of what the world wants, a lot more and its working. Jack jackie dean gles looks it. Reporter two years ago the United States reached a milestone. The Company Began exporting for Petroleum Products than it imported. The u. S. Leads the world and the pace is astonishing. U. S. Oil exports doubled. Driving the export boom, shipments of diesel overseas to feed growth and emerging markets. U. S. Refineries shipping diesel and jet fuel to places like mexico city and chile. Part of it is the environment side of things but a lot of it is to do with diesel and gas oil is more than gasoline, not only use in transport its also used in industry and power generation. Reporter increasing diesel production and exports coming at a time when gas demand is faltering. Gasoline demands is in our view in a struck well longterm decline. Its a few years of high prices and another one the hanger from the economic recession but there are two other big factors. One is fuel efficiency. The standers are having a real effect and have been extended forward by the president , and the other big one is actually d demographic change. Reporter that trend is proving to be profitable. Valero saying it makes twice as much on a barrel of diesel than gas. Thats why gulf coast refiners are trying to capture the difference. Shell, Marathon Petroleum and valero racing to raise diesel capacity. Valero is making significant investments looking to produce as much diesel as gas by the end of 2015. And gulf coast refiners are benefitting from this trend more than the east coast counter parts because domestic shipping costs are prohibiting from tapping into u. S. Oil supplies and those are to rely on international oil, which makes them less competitive. Freddy mac, the taxpayer controlled company and president obama and several others would like to unwind, the second largest quarterly profit in the history. The firm earned 5 billion. Followed by higher loan fees. They will make a Dividend Payment to the u. S. Treasury on more than 4 billion 6789 4 bil. Jp morgan and glen core are the latest companies to be accused of artificially inflating aluminum prices. It was filed on behalf of master screens, a direct purchaser and individual who is described as a buyer of beverages sold in aluminum cans. According to a report yesterday from the center for Disease Control the obesity rate among lowincome preschooler social securis is falling. It went from 74 billion in 199 8 to 147 billion. This study could have important economic implications. Reporter the centers for Disease Control tracked the height and weight of nearly 12 million low income 2 to 4yearolds. Between 2008 and 2011 obesity rates stayed the same or decreased in 40 states and territories and only went up slightly in three. For Weight Management experts like dr. Scott cohan it is good news. He struggled with weight as a child. He was 25 pounds over eight at age 11. Anything we can do to push forward on addressing obesity and related chronic diseases is going to be not only a Health Triumph but also have large economic benefits to society. Reporter despite these encouraging results, that same cdc study says obese children are much more likely to become obese adults. And the cost of both the economy and society continues to increase. 190 billion in annual medical cost, double previous estimates. A mayo clinic study of its own employ yeees said its spenting 1850 more a year on over weight than healthy. 5530 more a year for medical cost for a male worker with a body mass index above 30. The threshold of beingedast you able to plan, target, advertising will be bought where you understand the individual asset youre buying and youre able to plan, target, measure and do deep data around advertising. Investors like that news and shares rose almost 1. 5 to 36. 69. Shares of ralph lauren hit hard today as they issue a sales outlook. The companys brands include polo and club monaco says it see as low singledigit rise while expectations around 7 . One of the worst performers down more than 8. 5 to 173. 13. People were driving home with new tests and it showed in the Quarterly Earnings today. The electric car maker said it delivered more vehicles than expected during the quarter. Tesla will deliver thousands of vehicles this year. The stock closing at 134. 20, down by 5 and popped after hours and is up nearly 350 this year. A busy end to the day after the close. The kraft food spin off expect a ed Quarterly Earnings and going to 6 billion and that is a lot of cookies. Mondelez fell to 31. 26 in the regular session but got it all back and then some after hours. Here is a new trend investors are talking about, 3 d printing. Its a small but growing force in manufacturing. The technology can be used to produce almost anything by anyone from shoes to car parts to medical devices from just about anywhere. It sounds futuristic but a reality creating opportunities for businesses and investors. Marry thompson reports. Reporter 3 d print sg breaking the mold. Parts are built in a single step and some are so affordable, consumers are getting in the game making their own toys. With 3 d printing, craftsmanship its libber rating. Reporter he is ceo at 3 d systems. His Company Makes 3 d printers ranging from the cube for consumers to bigger models that sell for close to a million dollars. Rapid growth feeling a rapid rise in 3 d stock. Some say a bubble is forming but the industry 30 years in the making with a long runway ahead. It will become more sustainable because youll make what you need when you need it and as you need it as close to the point of consumption as possible. Reporter 3 d printers built by additive rather than subtractive, metal, plastic or other materials are layers to create finished products using lasers and more. The appeals and designs and protoe tapes can be changed quickly eliminating waste and compressing the time between it savings. Here is leap director garrett richards. Were saving probably 50 to 75 in total cost that can be both material cost. It can be labor. It can be the design time. The cycle time savings are measured in weeks and months. Reporter the industry spent over 24 in each of the last three years. While 3 d printings market is prototyping for the medical or auto industries, the near term growth is production of complex parts for the aerospace industry, prosthetics and consumer space. 3 d printing turning manufacturing on the head building from the inside out and the bottom up. In south carolina, im mary thompson. Nightly Business Report. A growing number of retailers and manage fracturers want you to buy products made in the u. S. We had to go inside some of the most recognizable stores in the country to see how many products are actually made in america. But first, a look at how commodities, treasuries and currencies performed today. Some positive news for the detroit area tonight. Chrysler announced plans to spend 52 million on two plants located south of the city. The investment will add an asemiblee line. And the auto maker will also be hiring, nearly 300 jobs. Well, there is a renewed push in this country from big retailers to small manufacturers to buy products made here in the u. S. But may be easier said than done. Jane wells goes on a shopping spree to see how hard it is to buy american. Careful. Reporter shopping these days is like going to the united nations, the whole world is in your cart. Pakistan, china, usa. Reporter do we care where most things come from . Made in america. Made in thailand. Made in canada. Reporter nearly half of americans say they would be more likely to buy a product if stamped made in the usa. 60 of consumers would be willing to pay an extra 10 for american made. I dont Pay Attention to where it was created. Sometimes i do, sometimes i dont. I would like to see more products made in the u. S. But at the same time i know there is a will be. If there is a choice, i would prefer it. Reporter its not clear how we mutt our money where our mouths are. Made in indy knee sha. Reporter home depot gave us free reign to check. What may surprise you is stuff that goes under your walls or on the floor is made in the usa like lumber, concrete, drywall. On the other hand, all host all the light mixtures made outside of the country, this is china, china, china and china. Black and decker, an American Company made in china. Dewalt made in china. Toilet made in china. Toilet seat in america. China, how cute is this . Sourcing practices are changing to balance quality with price. This is interesting, elmers glue made in usa but the stick is made in china. Made in the usa and somehow that comforts me. Out of curiosity, these are made in the usa, too. Barbie, the all American Girl is a actually made in china. One thing in both stores does not, the American Flag still occasionally made in the usa. Our made in america series continues tomorrow with a look at why some Small Businesses say buying imports, not american is the best way to boost the economy. Finally tonight, lottery fever is here and spreading. The Powerball Jackpot is at 425 million, the fourth largest payout ever. The winner could get a lump sum of 244 million. The odds of winning are 175 million but thats not stopping people from lining up for a chance to strike it rich. Now if no one wins tonight, the jackpot if no one wins tonight the jackpot could sore to record territory. The all time record 656 million was split between three ticketholders in march of 2012. We want to hear from you whether youre a Mega Millions winner or not. Send us the one stock you would like the market monitor guest to discuss on friday. Go to nbr. Com and see the link and submit your question and dont forget to include, please, where you are from. So are you going to buy a ticket . Of course, of course, i would donate the proceeds to nbr. You didnt win. Thats nightly Business Report for tonight. Thanks for watching, please rep, support your Public Television station. On behalf of your Public Television station, thanks for your subpoena port and lottery winnings. Hope to see you back tomorrow night. Nightly Business Report has been brought to you by. Sailing through the heart of historic cities and landscapes on a river, you get close to iconic landmarks, to local life, to cultural treasures. Viking river cruises, exploring the world in comfort. Hello and welcome back to nhk world newsline. Its now 8 00 a. M. On thursday august 8th. Im raja pradhan in tokyo. The operator of the Fukushima Nuclear power plant is about to make another attempt to try to get leaking ground water at the crippled facility under control. Officials with tokyo electric
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