Off. It was a busy earnings day dominated by corporate news. And we begin with something no one saw coming. Biotech firm biogen surprised investors when it said the experimental alzheimers treatment was ready for the Regulatory Approval press. As you may recall, seven months ago the company discontinued the study of the drug which some expected to be the next blockbuster. Analysts say the profit potential is huge because there are no current therapies to reverse affects of the disease. A disease affecting millions and projected to affect millions more in the years to come. The news sent smars of biogen 26 , the best oneday gain since 1996. But as meg tyrell reports while there is hope there is a long road ahead. It was a diagnosis you dont expect in the early0s. Jeff was only 51 when he was told he has early on set alzhmerss disease with no drugs approved to slow alzheimerss progression he enrolled in a Clinical Trial of an experimental drug made by biogen designed to attack the am many oid planting build up in the brain kwh he you participate in the Clinical Trial or the experience for me participating in the Clinical Trial troo was one of add las vegas i was happy to to be part of it. He was in the trial three years going every month to a center of to have the infusion. He says he thought it was representing. Everyone in my family noticed a marked improvement in my dsh my cognition. For your family to see you doing things that you were having trouble with before, you know, those are things that become very exciting to you. Then in march of this year, shocking news. Biogen stopped development of the drug says an interim analysis suggested it wasnt helping patients. The trial stopped. Borgoff says he was devastated. Seven months later more about face. This morning they announced the drug is back. A new analysis of more data they said suggesthe drug may work. Helping slow the declines in abily to think clearly and remember things associated with the disease. As a result, biogen plans to file for approval in early alzheimers diaz with the fd early next year. Wall street responded enthusiastically driring the levels back to those in march when the trials stop. If the drug is cleared it would be the f fst cleared to slow the disease. Meang big business with man b 6 million americans living with alzheimers but skepticism remains. It has an incredibly high rate in drug development. 9. 6 by some counts and many analyst want more data on the drug and trials before being convinced the drug really works. Biogen aims to offer patients like borgoff mo participated in the. Access before approval he saysyse is ee lated. We are going to celebrate. Advise to others facing alzheimers. Youve been diagnosewood a neurodegenerative disease. It not the end of your life. At that moment do everything you can to try to do all of the things that are known to help to hopefully extend your life. And he suggested look to join a clgle trial. For nightly Business Report, im meg tyrell. On walstreet, a tug of war positive earnings from the likes of Proctor Gamble were not enenen to offset negative results from Companies Like travelers. And in amp, the major averages fell after uk lawmakers rejected a limited time frame to review a deal on brexit. Making an october 31st deadline extension for more likely when all said and done the Dow Jones Industrial average w down 39 points to 26788. The nasdaq slid 58 and the s p 500 fell 10. And now to those positive earnings from proctor and gamble that we just mentioned. The Consumer ProductsCompany Reported better than expecte profit and revenue and raised outlook for the ar. That offered some relief to investors who as you know are also looking for signs that the consumer is holding up. The results sent shares of p g higher by 2. 5 . Seema breaks down the quarter. Consumers are paying higher prices for household goods. And proctor and gamble is reaping the rewards. Over the past year the company respded to higher costs and tariffsy raising prices on select products. And despite id i had wider issues like the trade dput and brexit growth overseas remains up beat. Brexit and impact on Consumer Confidence has had impact but were still growing. Growing 2 in the uk. China was one of the best quarters in a linc long time grew 13 . In our industry sits reall about particularly in the categories where performance driefts band kois khouw superiority of offering light of consumer. If we do that well which fare well when we dont we have issues. P g also saw solid demand in health and Beauty Products for things like its high end sk 2 and olay brands. Beaeay were performing across the board. Its pennsylvania sixth consecutive quarter of strong growth. All portions of the beauty business grew significantly. By the skin and personal care business grew in the teens. Hair care business grew in the midsingle digits. So its a bps thats really hitting all cylinders. Like all consumer giants, the maker of tide detergent and gillette razors had to contend with competition from peers. Color ox, unilever and Kimberly Clark as well as smaller disrupters using social media as an effective tool to draw customers. Meantime, the Company Continues to double downn on innovation ad techchlogy to launch new products. Whether its unveiling new makeup gear at millennials or dital diapers that trackaby sleep when with knew players flooding thehe marnlts analysts say opinion p and gs ability to maintain the market share will be challenging for the company in coming years. However unveilin new products at the right price that have wider appeal could keep the growing story going. For nightly Business Report, seema modi. Also helping the market today was united technologies, the dow component off the topnef my head earnings estimates for the Third Quarter and raised guidance, good newsor the closely watched industrial sector. The ceo cited strength in Aerospace Business and improves profit margins. Shares rear 2 in the session. Now to mcdonalds, which reported a rare miss. The Worlds Largest fastt food giant posted disappointing profits for the firste in two years. Same store sales in the u. S. Were not as goodot as expected opals and menu price grades, incrses. And that pushed shares of the component 5 lower in todays session. Kait r rers looks at the challengeses facing the golden arches. Mcdonalds is feeling the competitive pressure. Consumers had an appear at this time for premium chicken sand wrichs from chick filet and pop eyes when it came to the plant based burger craze mcdonalds stayed on the sidelines and announcing last month that tests with beyond meat in ktd. Innovations have to be there if other Companies Come up with new products mcdonalds has to match them pip i suspect well see a premium chicken sandwich from the companyomn the next several months. I dont know if t ty want it right after that. Probably want to give it more to him to stand out but also plant placed tlaerntive. The company is thinking with that. Traffic slowed bat the Company Called it a big opportunity for the future. Mcdonalds has made a series of acquisitio and investments in recent months in technology quipsocusings on artificial intelligence. Moberly order and pay and speedier drivedi through experience likely boosting future results. The technology standpoint, i think what mcdonalds is trying to do with reimagining the drive through lanee is somethingng ths ewe sneak among the Click Service restaurants base today r the company has done experienced the future within thehe restaurants. But flou is moving to experience of the future for the drive through lanes something that can be interesting when its packaged and we see conmer adoption. The companyti is continuing modernize the stores with some 9,000 in the u. S. Outfitted with kiosk, digital menu boards and check upgrades with more to come before the end of the year. For nightly Business Report, kate rogers. A are rough day for travelers the Insurance Company saw the decline after the company set asideundreds of millions in reserves for lawsuit. Reserves driven by asbestos charge, higher general liability in commercial auto losses. The company also warned of a difficult and aggressive tort environment. The stock dropped more than 8 , worst day since 2008. A top boeing executive iscu out. The company is replacing the head of the commercial airplane division, the shakeup comes as boeing prepares to report earnings tomorrow and ceo Dennis Muilenburg updates wall street on the companys plan to get the 737 max back in the air. After two tough days, the stock finished higher. Here is phil lebeau. Reporter almost a year after the first 737 max crashed in the java sea and who more than seven months since regulators around the world said the max is not safe to fly, boeing is changing the leadership of its commercial airplane division. Kevin mcallister is m out after almost thee years ever running the largest and most profitable business at boeing. Allister joined as the max was geing ready for ert attention. For two years he su overw steady incree in 737 production. Afte a second max crash he willier this year and the subsequent investigations which raised serious questions about how boeing developed the plane, pressure was mounting on ceo Dennis Muilenburg and the boeing board of directors. To show that they are taking action to fix the max and get boeings commercial airplane business back on track. That job now belongs to stand deal, a 33year veteran of boeing who has run programs within the company. Boeing ceo says stand brings extensive operational experience at commercial airplanes and trusted relationships with our Airline Customers abindustry partners. Those relationships with be crucial as boeings customers are increasingly agitated at their inability to fly the max. The situation theyre hing changes by early next year. Phil le lebeau, nightly Business Report, chicago. Its time to look at some of todays upgrades and downgrades. Bank of america was upgraded to overweight from the nurpgt at atlantic equities. The analyst citing what he calls impressive Third Quarter with on ongoing goss it growth backup the price target is 36. Shares rose a fraction shun to 31. 20. Dwrop yolks box upgraded to buy from neutral at nurm ray ins at a net saying the revenue is nearing Inflection Point after six quarters of deacceleration. E price target up at a stock up 2 to 19. 32. Electronic arts ground graded to equal wait from grover weight at barclays the any say the majorities of earning he is growth come from buacks rather than business fundamental, the shares fell 1. 5 to 94. 30. Longtime nike chief executive mark parker is stepping down effective in january. He will beeplaced by nike board member and ceo of service now, john donahoe bringing a heavy focus of digital. Parker has been ceo since 2006 and been with nike four decades. He will become the companys executive chairman. Shares were volatile following the after hours news and closed the regular session down a fracture smun at 95. 60. And there is a change at the top at underarmor. Ceo and founder kevin plank is handing over the reins living the new ceo to complete the can companys turn around. The news sent the stock up maren more than 6 in the session. Courtney reagan reports from the headquarters in the baltimore. Underarmor a new ceo in the new year oy the second in the company history. Founder and current ceo kevin plank transitioned to executive chairman and brand chief on january 1st. As president and chief operating officer patrick frisk takes over the top job. The first and foremost this is my decision to get to this moment of the ability to work and have enough partnership where patrick and i kmeme each other well and the ability of the business as we said last time we talked with you the company is moving to offense we believe we have a stronglan in place and we now wanan to be abe to free up kevin to more strategic in terms of how he ms thinks about what he does and then allow me to do what do with more freedom as well. Frisk joined underarmorore than two years from aldo where he was the ceo and worked with the companys founder. He has been the heir apparent joining planks for interviews though no officialime line was laid out until today. How much isilatrick really in control even though stressed that he is kind of in ctrol of the ship now . But he sll reports to kevin well see how much he is actually making the decisions. And i think thats a big factor in how much we really see change happen at the company that turned hem in the right direction. Frisk has been overhauling opations for the athletic brand as port of a multiyear transformation. Which has so far included changes to the supply chain, inventory, manufacturing and even redefining target customers. Consumers looking for performance first. Rather than embracing the at leisure trend. Underarmor has been able to improve marginennd reduce excess vrn, the north america the brands largest region is searching for a return to sales growth. The plan we laid out on investor day we are executing on that plan. That was to over time get us back to stron growth in north america. Ro will take time. Investors have been imfasht. Shares losing a quarter of value since underrmary lowered expected for north arica sales. For now, underarmor playbook remains there same. Though feshl will i heading a new head coach in theew year. For nightly Business Report, kourtney reaga at under aour in baltimore, maryland. Hilil said ahead home buyer demand is back why arent sales of existing homes higher . Facebook ceo mark zurich rk will testify on capitol hill tomorrow. On his companys cryptocurrency project call libra. His testimony was released today. And in it he plans to tell akers that libra wont launch anywhere in the world until u. S. Regulators approve it. Zuckerberg will also say that projects like libra will help extend americas financial leadersh. Sales of existing homes disappointed i i september but there was some ironyn toi latest report. Buyers were out and demand was strong i part because of low Mortgage Rates which showed list sales. But all of that demanan also resulted in higher prices which buyers dont like. Diana olick has more. Demand for house something very high. At least according to the hightech entry lock boxesn homes for sale. Realtors can track traffic threw them and its strong. The opening of the lock boxes,enturyog is showing improvement. There is buyer interest because of lower Mortgage Rates. Or but the price increases and lack of inventory, that is providing some pause for the actual signing of the contracts. Home prices jumped nearly 6 6 a annually in september, the biggest increase in mere nearly two years. Pres are being fueled by both strong zmand and lower Mortgage Rates. The 30years year fixed rate is down sharply from a year ago while that should make housing affordable its only bringing out more buyers and increasing competition which in turn pushes prices higher. If we have a disparity where praises are raising faster than peoples wages, first, there i a shock factor for the consumer. That shock resultedn lower home sales. Especially in the lower price ranging where demand is strongest and Home Builders do the least to help. Builders still claim todays highgh c cstruction costs keep them from putting u u more entr level homes. And now we head into the historicalal slow season foror housing. There had been hope all the pent up demand from the disappointing spring would make this an especiallily strononall but overheating prices are turning buyers away accommodates. For nightly Business Report, diana olick. Revenue at texas instrumens drops doublee digits whehe we begin the market focus. The chipaker resul missed expectations hurt by global slsldown in microchip sales and the ongoing trade tensions with mc. Texas instruments gave weak guidance. Snare shares initially fell more than 10 after hours. And. Coast closing the regular session down 2 to 128. 57. And the trade war his hasbro as the toy maker missed op profit and sales due to tariffs increasing spping and warehouse costs. Even though it had strong toy sales, tied to disney movie franchises Like Star Wars and frozen ii. The shares tumbled almost 17 to 100. 02. Ups beats beat on earnings driven by next day delivery service. Ril fedex cutting ties with amazon and Strong Demand in online shopping. The company missed on revenue and trade tensions impacted the u. S. Mcshipping but the ceo sees hope in international trade. What we like to see, trade developments go in a more positive direction. We think there are reyes of sunshine when you hear about the first level between china and the u. S. Brexit seems to be a a path. We believe there is opportunities there. Shares fell about 2 to 116. 10. And increase in International Sales helped harleydavidson post better than expected sales. But the motorcycle maker saw decline in u. S. E sales. High he were tariffs and finding way to entuesday younger riders. The stock rose 8 to 40. 04. Verizon said its offering unlimited wireless and broad free oneyear a subskrings to the Disney Plus Streaming Service planning to lamming nexonth. The verizon ceo believes the partnership can bring content to consumers. We want to give our consumers choices. This is one of the bt choices we can give them on top of the network we have a net netwo we are building for the empire and a fios network. On top of that giving the customers the opportunity is a grt total consumer. Verizon shares up a fraction to 60. 77. And ever the bell chipotle topped expectations thanks to increase in same store spaels. More delivery options and dition of healthier meals on the men you. Shares in volatile in after hours and closed the regular session down more thanss 2 to 831. 07. Coming up a Jolly Holiday shopping season may be just what retailers and the economy ordered. Here is positive news when it comes to health care costs. Premiums for some of the plans sold under the Affordable Care act are set to drop next year. Federal officials aavera rates for the most popular midpriced plans will decline 4 . Though premiums vary widely by location. 20 more insurance providers will participate, a sign the experts say shows the program is stabilizing. The ceof lyft today said gnat ride haing company will be profitable on an adjusted basis a year earlierier than analyst expected. He made the cnt athe reet journal Global Technology conference, giving shares of lyft a the lift in todays session. Up about 6. 5 . Well, were just 64 days from christmas. And it looks like its going to be a jolly shopping holiday season. That at least according to deloittes 34th Holiday Survey of consumer spending. Shoppers are expected to spend nearly 150 oh per household this year, rod sides, the leader of the retail practice at deloitte joilo us to tell us more. Welcome, nice to have you rod. Good to be with you. Its a bullish survey even though parts of the Retail Sector have had trouble this year. But spending is going to be up overall, right . Thats correct. Thats what consumers tell us. We talked about 4,000 early in september and all feel good about the monthly day so far. Who is going to be doing most of the spending . You know its interesting i would say its the upper income. What we found the top 20 of spenders account for 60 of the total spend, or 600 billion believe it or not. The trend has shift add bit. It used that black friday, the day after thanksgiving was the shopping day. And its still certainly important. But what are consumers telling you about how theyre going to shop and when theyre shoppg . Well theyre telling us theyre going to spend more time looking f promotions on cybermonday, especially the middle to upper income. Lower income or less than 50,000 in Household Income typically prefer stores but with he see cybermonday taking on more and more importance. What about retail traffic, peopleoing to the malls and physical locations versus online . What are the statistics there . So, yeah, online its going to be about 56 to 57 overall. And then from bricks and mortar were lacking at that to be about 36 overall. Were seeing a really folks focus on buying online in this zbloonz and they want promotions. That was one thing. But any also want to spend on experiences. How much has tha groan since you didhe survey last year . You know, its grown the significantly over the last several yrs. Up about to 600 that that thaft in trend is upp growing 7 to 8 a year for the last five years. Is that one of the leading changes for lack of a better word inhe survey that you he sienna its less about what you buy but more about where you go experience . Yeah, absolutely. What we found is about 81 of the spend for the upper income has something to do with travel. Entertaining outside the home is also really important. We see restaurt visits up about 59 of the total respondents. Its an important part of the holiday sonnesyn now. On that note, rod sides with deloitte. Thanks for joining us. Thank you. And finally tonight jeff bezos of origin partnering with Lockheed Martin and getting back to the moon. Making the announcement at one of the biggest space conferences this year. A National Team for a National Prior we kwo i could not be more excited to be doing it with these partners. This is the kind of thing thats so ambitious. It needs to be done with partners. This is the oem way to get back to the moon fast. This time we are going back to the moon and not to visit. Were goingack to the moon to stay. The three companies will collaborate on one moon lander design. That they will then submit to nasa. Before with he g here is another to look at the final numbers on wallstreet. The fell 39 points to 26788. The nasdaq down 58 and the s p 500 sd ten. And thats nighy Business Report for tonight. Im sue herera thanks for joining us. And well see you tomorrow. Is made possible by. The freeman foundation; by judy and peter blumkovler foundation, pursuing solutions for amereras neglected needs; and by contributions to this pbs station from viewers like you. Laura this is bbc world news