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Correction territory and witnessed an internet plunge on the dow of more than 1,000 points. For the quarter, about 7. 5 . And the today. The materials worst performing sectors all down double digits. The utility was the only group to finish higher in the quarter with a gain of 4. 5 but on what is the worst day of the year were stocks, stocks finish with a big bang. Soared 235 points to 16,284. The nasdaq gained 102 and the s p 500 rose 35 to put it back above 1400. Dominic chu with a look at your money. The economic sectors like energy and Raw Materials performed the worst over the past month and the past quarter. Less Economic Sensitivity like utilities and consumer. So can history give us any insight into what we can expect as we approach year end . Many experts say on average, the Fourth Quarter is a seasonally strong time for stocks. But what about the years like this when the markets already looking weak as we approach the Holiday Season . The analysts at the spoke Investment Group took a look 30 times since the s p 500s inception weve been negative on the index heading into the Fourth Quarter. It managed to post gains a little more than half the time, but the average return was actually negative. Growth, inflation, and earnings. On Global Growth and slower growth, disinflation because of energy and Lower Energy Prices good for consumption, but its a lower inflation dynamic. Much more importantly, i think its the earnings dynamic and earnings have an awful lot in the fourth. The things related. Always owned it or owned it for a long, long time and adding to it because it hasnt won up quite as much as the others and like to draw distribution. Reporter the takeaway is the jury is out. Plenty of stats and supporting ed for both bulls and bears. But will there or wont there be A Santa Claus rally this time around . For nightly Business Report, im dominic chu. And now our guest has stock picks that he says could make you some money in the Fourth Quarter. Hes michael tyler. Love the last name. Im going to call you michael. Do you expect . I like it. Do you expect a rally into the final quarter this year and if so, why . I think the answer is yes, i do. And the reason is that were at an Inflection Point and the Third Quarter earnings, but face it. When this is a quarter where we see the biggest impact year on year for lower oil prices, impact year on year from a stronger dollar, those two things alone, two points off of investment 500. Next years earnings, so i think that the overall opportunity set here when looking for an improvement in earnings because you are looking that huge head wind. Lets talk first about sectors that you like and then ty andly dri lwill drill down o you like and three sectors you think will perform well into the end of the year. I think youre looking at a high array but i would highlight energy, which is got whacked big time. Oil 24 yeartodate after a horrible year last year and i think its getting to the point where you have to look at value there. Second, id look at some Technology Companies and third, id look at some financials. In each case, youre looking at positive seasonal trends and youre looking at the potential benefits of a rate hike as well. All right. Lets drill down a little bit farther within those sectors. Give me a buy list for the Fourth Quarter. You go first. Dealers choice. Which sector do you want to go with and give me a name or two. Ill give you a couple of names of each. In technology, we really like paypal. Its a relatively new company. Just out of ebay othver the summer. Its unloved. Not yet with anna edward list ak of. 20 Earnings Growth and trading 20 times earnings. A tech company with that kind of growth with tremendous appeal from the braintree products among the millennials, i think thats set to go pretty well. You can shift over then to the tech, the financial sector. Where we think that the banks and the investment banks have a Good Opportunity here, number one, if were worried about the market, well see some trading games but number two, if and when the fed raises its rates, i think theres a benefit to the large Banking Sector as well. So well look at Companies Like bank of america or Morgan Stanley as potential successes there in the Fourth Quarter. In energy, i think go with the integrated oils. A company like chevron, 5. 5 dividend yield on a cash rich Healthy Company despite oil prices are way low. Thats an appealing evaluation in my opinion. And on top of that, this is the time that theyre going shopping looking for some interesting things to buy on the cheap. So i think that they can do some very Creative Business here. Michael tyler, bank wealth management. Thank you for being with us. You bet. Thank you. The house of representatives late today approved a shortterm funding bill to avert a government shutdown. Sending it to president obama to sign in to law ahead of the midnight deadline. Eamon javers has been following all the drama for us from washington. Now the clocks kind of reset until december 11th and why that date, whos in charge next time we have a government crisis . Thats the date they agree on. This was a bipartisan vote today, kick the can down the road to december 11th. We saw more republicans voting against than for it but a bunch did vote for it. All the democrats voted for it. That was enough to pass this measure and kick the can down the road. Ultimately though, its going to be up to the next speaker of the house to figure out how to get this measure through once more. In a republican conference, it doesnt appear to be in the mood to cut any deals whatsoever. Even with their Senate Republican colleagues, let alone the president of the United States who theyve all campaigned against. Is there any likelihood that mr. Boehner and his remaining month as speaker will be able to go over the head of his caucus and do a funding bill that goes beyond december 11th and resolves some of the other big items including the debt ceiling, forging a coalition of more moderate gop members and democrats . You know, anything is possible. What weve learned in the past week, thats really true. The Boehner Resignation surprised a lot of us who watch congress, but at the end of the day, boehner is not a going rogue kind of a guy. I dont see that in the cards right now. The question is, will they be able to come up with some kind of a deal between the House Republicans and Senate Republicans that they can live with and then get the president to sign on to it . Thats just an unknown and of course, weve got did debt ceiling, the export import bank. The highway bill. Weve got a bunch of other contentious spending related issues, all of which the House Republican core conservative group has vowed to fight on. How they resolve that is anyones guess. What about the president and the new team hes going to have to deal with . What does that landscape look like to you . Well, the president came out after boehner announced his resignation and said, ultimately, hes a good man, a patriot but dealing with a congress that doesnt know how to negotiate and i think the president s patience has been relatively worn thin here. He thought he had a difficult time with john boehner. Wait until the next time. On that optimistic note, eam eamon, thank you very much. Eamon javers in washington. Now to the economy and the labor market. The private sector created 200,000 jobs since september. That was slightly better than estimates. And the best reading in three months. The job gains across sectors with increases reported in construction, trade, transportation and utilities. This report on the private sector comes two days before the monthly Government Employment report is due out. The Federal Reserve, of course, watches the labor market closely as it decides whether to raise Interest Rates for the first time in nearly a decade. And while labor market showed gains, manufacturing in the midwest contracted this month. The chicago purchasing managing index fell to the weakest level since may. The strong dollar and weak overseas demand pressured exports. Ahead of the International Monetary fund concerned about the global economy. Kristine lagarde calls it disappointing, uneven and pinne rising Interest Rates in the u. S. And slowdown in china dont get me wrong, but its definitely slowing down and less than the recovery we had last year. And we dont forecast next year to be much more than what we eventually end up with this year. Lagarde said the risk of low growth for a long time is something she calls the new mediocre looms closer. And the World Trade Organization cut its global trade forecast. The group says world trade will grow by about 3 this year. And that slightly is lower than previous forecast. The wto said the number could be cut further if chinas economy continues to slow. If the refugee crisis grows or if the Federal Reserve raises Interest Rates. Still ahead, why ups sees big returns in a sector that touches all of us. Ups is making a big bet on the Health Care Industry part of the longterm strategy. The Worlds Largest Package Delivery Company Opened in new jersey dedicated to the transportation of Health Care Related products. Everything from medical devices to specialty drugs. As Morgan Brennan explains from swedes bro, new jersey, ups sees big money in delivering these time sensitive and sometimes life saving goods. Reporter pharmacist, high Security Storage areas. Temperature controlled aerated containers. This is the health care hub, one of 50 specially designed warehouses catering to shipments of medical, surgical devices and b bilod biologics. Before shipped out to hospitals, Research Facilities and other kinds of laboratories. Ups is best known for delivering ecommerce packages but also built a Network Dedicated to these time and temperature sensitive highly regulated health care products. They need to move carefully around the globe. While the company doesnt disclose the business but say its a fastgrowing revenue stream in a market it pegs at 70 million globally and counting. Health care by contrast, a fairly stable throughout the year in terms of the business. Investments weve made return fairly good margins and financial returns to the company pretty much the whole year. Reporter medical Device Company exact sciences, ups developed plans to ship the product, the Screening Test for colon cancer that ships from ups warehouse and then to the patients homes and then the laboratories. Time is of the essence here. They have a three day commitment up night leg and then the inbound. It changes the whole paradigm of colon Cancer Screening and ups is the middle of it. Reporter ups isnt the only one. Fedex and dhl made significant changes as well. Experts say Health Care Logistics is growing at a faster rate than gdp. Driven in part by increased regulations. The medical profession is focused on reducing costs of the services and as a result, the cost of goods and logistics that tie in which is where ups and fedex is involved in moving is creating an opportunity for them to support the profession. Reporter once the community is here in swedesboro, new jersey, ups opened a brand new facility exclusively dedicated to high valued medical devices including equipment on a wednesday for spinal surgery in hospital on friday. For nightly Business Report, im Morgan Brennan in swedesboro, new jersey. Less than half of all consumers have the new chip credit cards according to a new survey. As weve been reporting beginning tomorrow, new more secure credit cards will become the standard across the country. These credit cards have chips in them so youll no longer swipe but according to creditcards. Com, only 40 of consumers have the new socalled smart cards in their wallet. Thats only one of the problems. While the credit cards hailed as an answer to counterfeit card fraud, they can only prevent if the business or retailer has the systems to read the cards. While retailers are on board, gas stations and atms have almost two more years to be compliant and leaves plenty of time for criminals to steal your information. Mary thompson reports. Reporter chip enabled cards have a soft spot, the magnetic stripes on the back that carry information a criminal can steal taking a toll on card issuers. The cost in the industry as it relates to card fraud reaching over 3 billion. Reporter atms and gas stations, this information is stolen by skimming. Criminals put illegal devices if a pump or atm card reader and the device scans information from the mag stripes. Ncrs owen wilde said the criminals then put information to their own u. They use to it clone counterfeit cards or use the card data to make a card not present transactions using your card information. Reporter the chip card will eliminate for in person payments but only if the retailer or business has a system to read the chips. If not, the system reads the mag stripe, which again, can be easily counterfeited. To push adoption of chip card technology, come thursday, retailers start carrying the cost of fraudulent transaction if the crime presents a chip enabled card but doesnt have the system to read it. Gas stations start assuming liability for these transactions in two years, and for atm operators in one year if they use the Mastercard Network and two years if they use visa with the costs making chip enabled to a couple hundred or thousand, experts expect a slow transition meaning theyll target the machines creating pain at the pump for gas stations and unwanted withdrawals at atms. For nightly Business Report, im mary thompson. Pfizer hikes the full year outlook. Thats where we begin tonights market focus. The drug maker upped the full year revenue and adjusted earnings forecast. This is as the firm acquired. Up 1 to 31. 41. Twitters search for a chief may have come to an end. The social medias founder jack dorsey, serving as interim ceo expected to be named ceo. Will continue to run square which is a Payments Company he also founded. Shares of twitter rose more than 5 to 26. 94. Snaptix that makes Touch Screen Technology used in phones reportedly rejected an offer from a chinese Investment Group. Valued at almost 4 billion. Shares popped 27 to 82. 46. Western digital accepted the firm to take a 15 stake in that data storage company. The stock rose 15 today to 79. 44. Paycheck results Beat Estimates on top and bottom lines. The earnings rise more than 20 . Growth in the firms payroll and Human Resources Services Unit helped results. Shares with 3. 5 higher at 47. 63. Mixed results from costco. Easily Beat Estimates on the bottom line but revenue below consensus blamed on lower fuel prices and a stronger u. S. Dollar. Up a fraction nonetheless to 144. 57 and pbf energy is buying one of exxonmobils refineries in california with a price deal. Shares of pbf popped during the regular session and up to 28. 23. A growing number of Investment Choices in your 401 k may look like mutual funds. But theyre not. Collective Investment Trusts now account for about 2. 5 trillion or 16 of 401 k style plans. Up from a little bit more than 1 trillion just a few years ago. They are similar in some ways but different in other ways. So what do you need to know . Here to tell us is david blanchett, the head of retirement research. Good to see you, welcome back. Lets start first of all with basically what the cits are. The collective investment trust. Sure. Theyre a lot like mutual funds. I think the biggest difference for investors, theres no tickers. Start on another web site. How the fund invest. What the performance has been. Are these operated by Mutual Fund Companies and banks and Trust Company and does therein lie the regulatory and structural difference . Theyre banks and as opposed to, theyre different structures. What about in being insured or fees . I would assume some of the 401 k plans want to use this because it may be lower but is that the case . It is, where you see cits used often, 60 is larger 401 k plans because the average cit costs about 20 points less than the mutual fund comparative. You want a low cost option for an index, the cit could be the way to go. How common are they . How many 401 k s offer them . About 60 . And theyre becoming a lot more common. I think more are focused on reducing costs and crts are willing to do that. One of the questions i have, if you cant just punch in the symbol for it, where do you find evidence of their performance and or their track record or both . It is more difficult. I think that if an individual wants to know about their past performance, usually theres fun facts. The performance and et cetera. Can i get daily pricing on these things. You cannot. They have to be valued quarterly. Theyre only utilized inside a 401 k plans but most should have daily plans. If i go on my 401 k web site, i may get a price or value on that particular fund that could be three months old . Right. So i think where youd see that more likely is the liquid type, like direct. If youre buying a liquid cit that includes like large cap stocks, that wont be a problem at all. Thank you so much. Appreciate it, david. Good to see you again. David blanchett with morning start. A new suv on the market like nothing youve ever seen before. Including the price tag. Heres a look at what to watch tomorrow. Another read on the labor market with the americans who filed for unemployment benefits. Out which is an important read on Economic Activity and thats what to watch for on thursday. College athletes looking to get paid for their participation experienced a setback today. A federal Appeals Court struck down a plan to let schools pay players up to 5,000 a year. Athletes lobbied for financial compensation and as College Football and basketball generated millions through tv deals and merchandise. Ford is issuing six separate recalls for nearly 400,000 vehicles with vans, cars, trucks, and suvs. A small number of accidents have been reported related to issues with its cars. The vehicles involved are the companys winstar mini vans, mariner, and f150 truck among others. Tesla is hoping x marks the spot with the latest vehicle the model x after two years after delays, the money losing auto maker delivered the first versions of its luxury electric suv last night just outside of san francisco. Philip lebeau takes us for a ride in the new car with doors that have everyone talking. Welcome, everyone, to the model x launch. Reporter its not your typical suv. And tesla is not your typical auto company. The model x is an electric suv with a base price of just under 80,000. And doors that tesla says will make it easier to get into the second and third rows even in tight parking lots. For tesla, building the model x in the same plant as its only other vehicle, the model s, will show if it can make the jump from being a niche auto maker to one with multiple models. Facing numerous challenges. If it gains great consumer enthusiasm, consumer satisfaction, it certainly bodes well for the future. Reporter some models, you can go from 0 to 60 in 3. 2 seconds. The future is finally here for tesla. And its customers who have waited and paid a hefty price for the model x. Philip lebeau, nightly Business Report, fremont, california. I think more things should come equipped with a ludicrous mode. I dont care what it is. I just want a ludicrous mode. 13 2 k, you should get a ludicrous mode. That does it for nightly Business Report tonight. Im sue herera. Thank you for joining us. Im tyler mathisen. Stay ludicrous, everybody. Good evening, well see you tomorrow. Olive lilian creswell haynes, will you be my wife . Quick i know you played it down to get him into surgery, but it still is a nasty wound. He wont be seeing action again. Hilda matron Wilson Wilson sister steele. Youre back from london . Jessie a death list came out. Harry was on it. Elsie it was only a matter of time before the army sent syd back to the war. Then i heard the red cross were asking for nurses for the French Military hospitals. Im not much of a romantic hero. But i have other qualities. My family can trace its history to william the conqueror alice, i think we should volunteer for the casualty clearing station. All right

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