Now a end of the year, and as dominic chu tells Pay Attention to. M promi, for so the earnings to be less bad and turn to the positive here by the end of the year, and you still have what we would argue is low e for longer in terms of the interest rates, and which ever you cut it, the lower tt includes s mea stock s higher. There are debates to wh lead which will fall behind. Many strategists believe that technology and health care will help to drive it higher. I actuaparticular, because i that you have frankly also tethered to longer and the demographic dynamics in the u. S. , and the aging boomers. Valuetech, y, i and big mega cap names performing well through the most recent earning season. Reporter uptic for the market on the upside, and techno two of the biggest parts of the s p 500, and they have a better than expected earnings so far this season. Certain places out there. And there are certain areas of utilities that you have to be concerned about that have high valuations, and they are areas of telecom in some of th where m c staples that have longterm secular concerns related to health and wellness forth, i would be cautious at these valuations. Reporter as they weigh the future events like our future president ial election, and the rates set by the federal eserve, it co 2017. For the nightly Business Report im dominic chu. What can we expect from the how can it impact your investments . We are joined by the allianz global to have you here, chris, to join us on this of the year . Our expectas a lot more volatility. We expect the vix to pick up, and measured by volatility and events. It will tick up occasionally, but are you looking for the volatile area or higher . Well, we expect it to get high and this year, because so s go ing on this fall. The fall . The Economic Data point . The election . The global ea combination of all . It is a potpourri of all of those. Our expectation is that the n whether to raise rates could have a Significant Impact if it is not expected as could the president ial election, fit is not expected. The outcome. And now, theres a lot of rumors in the market that the fed obviously is datadependent, but g in septem instead of december. Would you expect to have a september rate hike or not . Well, we think that a december rate hike is more likely, and the rational is that we believe that the fed is looking for compelling evidence. If they dont get the comepling da , they are more likely to sit nt for sure, but it is an urban legend that novem electi and what about the of the stock overvalued, butt is fairly valued and besides the data point, what is drive ing the we believe that the earnings s not a real catalyst, and no fundamental reason for stocks to move materially higher. Thag us. Christina hooper with allianz global investors. September also means it is time to go back to work. Wh sharpenb the number 2 pencils, parents are a buying a number of stuff. And you spending is one of the biggest shopping events of the year. Benef from spending spree. Back to school is the second most event of the year. The na every third year, and this happens to be one of the strong years. The fact is that others make due with older clothing and stocking up every third year. Data shows that the back the school sales rebound this year with the strongest growth in electronics. E physi stores reign supreme. Discount Stores Like Walmart are the top shopping destination, but t t t tnline retailers are taking more share than ever b and Mortar Stores dont have what online, you can find anything that you are looking for. Reporter regardless of where the consumeers are buying, price is key. Sp on things. Upons and things i usually try to get things that we watch what we are spending, and we are trying to keep things on sales, and what is a little bit cheaper than another. Hu according to first data the retailers are selling goods for less which is driving more foot traffic, and more transactions than last year, but it is still early. When the consumers buy for the back down. Some consulers time shopping to take advantage of taxfree holidays which not every state offers and timing varies. The summer while others wait to buy the clothing until the School Year Kids can see what the friends are warring, ands a is suming that someone buys first and the weather turns. Some say it is too soon, but macys and American Eagle are seeing the denim sales, and khols with youn july, but took in early august. For nightly Business Report im courtney reagan. This may be the time of year money and make some change s. Joining us advisers. Investments, nd thank really to make sure that you are following the process, and to look at the broad portfolio, and we are encouraging people to keep documents and notes of why they have the portf, and t objectives and how they are c e comp benchmark and simply just to get a booklet to start writing down the thoughts and recording it. That is the first step. When you sit down this time of the year, look at the booklet and remember why you own the portfolio. So it is not a change, you are not advocating a change in the overall portfolio unless the circumstances have changed, but it is kind of revisiting why you made the decisions that you made sam criteria that you used to establish the portfolio is to monitor the portmistakes with t when they deviate from the plan. And that is emotional . Yes, and we are professional and dont have attachment to the emotional. This is a good time of be easier for some a investors, and what are some of the things that you should take into consideration . We believe that the taxes, a first is the allocation of the and rebalances occasionally, and taxes are important. You can actually look at the average portfolio, and taxable portfoli that will be typically about half of a percent to 1 effective tax drag which is the tax that you are pay ing ing in the a you reduce. And taxes should not be the main driver. No. It adds up . Yes. And you can look at the traditional 401 k and the roth 401 k . And what is the changing well, a lot of people are taxes, but we encourage people to look at the future, because by diversifying, you will have more options p their 401 k in a tax deductible, but many people have the option to put it in the roth 401 k , and for the are in the bottom end of the tax bracket or the high income earne t deductions may not mean much to you sh, an 1 k t married couple by maximizing the roth 401 k s could accumulate half a million. All right. We will leave it on that optimistic point. Thank you, reid from highland and now, one startup is trying to disrupt the political. Congress will also be getting back to work following the summer break, and there is a lot on the agenda, and eamon javers is in washington. Good to see you. Season, and is tim to oing to be get it done, sue. Year, e senate comes back, they house has 33 days in session, i ty cant pass all of w we expect the they wont be able to do, they will have to pass one of the continuing resolutions to keep the government running throughout the fall, and season s going to be very interesting to see if the democrats and the republicans can come together to do that when there is so much animosity out there on the campaign trail. Absolutely. And nonconventional ial debates have no idea what to ast, expect just like we have not throughout the entire ca yee, y look at the pluses and minuses of the candidates he and say we sense to know what to the expect, but in this case, the Donald Trump Campaign has not completetally confirmed that trump is going to debate Hillary Clinton which is a little bit up in the air. Maybe there is some incentive for trump to walk away from tn walk away from the debate which e question of how Hillary Clinton on stage would respond to a donald trump. This is somebody, you know, who is very, very tough on the republican competitors in the primary season, and engaging in personal insults and nicknames and that sort of thing, and Hillary Clinton has not been challenged that way onetoone know, we will see whether shs it better than jeb bush, and marco rubio and the others. It is ge way through. Eamon javers in washington. Thank you. Startup is trying to make a difference in the political season by tapping into forum for s intere real people with constructive entrepreneurs who want to turn mathi has the story. There is one whether the president should use the term radical islam. Reporter this is called the worlds First Network for voters. U issues like the president ial race, funding education or gun control. In a little more than a year, the users have sha. Users come from all 50 states, and the hope is that the discussion can help people to find that holy gh to develop Real Solutions to pressing problems. What this is about is to enable people to selforganize, leverage relationships and get things done. S provide your home address to help regade find you. You will see how your views stack up locally or national ly social media. Reporter he first got the idea as a in the hall from mark zuk erberg, and yes, that m, an facebook still in the infancy to find other students likely to join a protest aimed at ending harvards investments in two Chinese Oil Companies operating in sudan during genocide there. In april of 2005, harvard divested. S figuring out who was best connected, who was likely aligned with me, and then seeing them to get behind the campaign. Reporter in 2007, mahan went to work for a Company Called causes, a facebook app that helped people to connect with thnonprofits. That is where he met linda, and at causes they saw 186 Million People raise 48 million for various organizations. They were sold on the power of the did to compare the impact that you could have through technology in a matter of months or years, that is what sort of changed my perspective. Was moving away from the thirdparty apps, and o of it, mahan and wyndham were intent to make more investments. Betting they could be bh useful and profitable. How . Paul reichoff runs the american afghanistan veterans of america. He partnered with th said that that the profits will play brigade the same way they pay those on linkedin. It gives us the opportunity for someone who is interested in gun rights or interen be interested in baseball. So if we can inject Veterans Issues into that conversation, we can expand that market. But for n users like stephan nickal nick t is standing an opportunity to package it, and make it available to folks with interest of using the data such as campaigns and pundits. And mahan and wyndham believe that the path of the profit will be clear t the at the core of socs relationship, and so what we are trying to b allow the indiv leverage the relationships more efficiently and effectively and create more rapid change. E userers new tools. Now you can map your to see how your viewers align with other voters and politicians in your aria. Coming up, an electrician figured out how to do it, and now he is sharing his secret in the spirit of labor loog ma, and the growing video Game Industry in particular. The pokeymon go crazee gami for coders is more in demand than ever. We have kate rogers in salt lake city. Repor 14yearold student is not spending the summer hitting the beach this the summer, but learning how to make video games. T video games . That is so weird. Is why the girls dont do it. Reporter she is pt of girls make games, a summer camp to try to introduce girls to more oppor dominated by ma males. 800 girls the fundamentals of writing gaming code. I am learning coding, and i am confident in the coding. Reporter the girls can create video games, and pitch them to the Industry Experts and get them published. Fo dispel the misconception that women are not interested in the video games as to foster the female t Gaming Companies are interested in. They want a more Diverse Workforce and more voice, and this is how they get it. Reporter these girls will be happy they got a head start in d to usiness that is boom iing. Hit 20 billion according to ex they say that jobs cw by 10 within the next several years. That growth is the reason that salt lake citybased companies are home to big Gaming Companies. Looking for engineers and programmers who h a staff of 120, wildworks is also looking for the game designers, artists and community managers. Since the y audience for animal jam is girls, they want to hire more womene continue to augment the female st perfec, and variety and s we ma games that resonate more with the girls. Rep new to the gaming o you feel the bro culture going on, but many of the women are getting more and more involved as they are realizing that they can and be accepted. Shabire is excited, oo. They talk about the game, and saying that i had no idea that making a game was this easy or this fun. I cant imagine what they are going to be makint that. For nightly Business Report im kate roger city. What does an electrician know about running a company . Some a lot, and others not a lot, and so that is why a new jersey businessman said there has to be a better way, and so he found a way at a price of course, to create more jobs than he cr create on his own. Tyler mathison has the story. That is a big deal. Caller miking ing agliaro ba fulltime elago, and he and h t and did t everything themselves, but like so many Small Business owners, they did little else. We got so busy that my partner said, im done. Reporter it was unplug the usiness or find a better way. How to actually run a serie spent over 800,000 on training the very best that we could find. Reporter they started reading. They went to disney to learn about corpor more efficient, bu one thing stook out. Everything. The simplest of tweaks helped to turn their lives around. I did some study and i u see that yellow is the first color that the eye sees, and nobody had yellow trucks, and people said i see you everywhere. And i wa l okay, are on to Something Big right now. Reporte v big. In a few year, gold medal added plumbing, and heat iing and poo service. Gold medal is now on track to earn 32 million in sales this year. He is only in the office two to busy, because the other Service Company how did it, an experience might be more valuable to them than it is to him. And nobody is really stepping in, and really serving the people, and i said, why dont we go out there, and lets just change lives for anybody, and any type of service business. T what would calls, and facebook posts , blew into the fullblown consuls in 2013. One year in, another marketing change, a new company, ceo w warrior. Million. Eric corbe became a warrior h brother ando, and hi was take over the maryland plumbing business that his father started. He sigr ev we were average at t point, and we times a year, agulari ho pay 7,500, and then he upgraded to the fast track which is a tier that costs you 36,000, but it is the and the first hand looks inside of the gold medal, and taste of martial art, a long time agliaro passion. Ther corbett, and in three years his business has grown from 22 employees to 30, and the revenues are up from less than 4 million a year to more than we are healthy as a company, and positioned to have great growth moving forward. That is the kind of rewiring o it, and this is the bigger why, change lives. And he has written four books, and beginning to invest following the advice he gave to other ceos, to manage and protect their wealth by diying their business interests. If you flew anywhere this airplane this oticed the crowd. Weekend and that is up 4 from last year. H edition of to do nightly Business Report. Im sue herera, and have a great evening, and we will see you. horn honks yoohoo do you want a lift . Where are you headed . Hambleston. Glenda pikes had triplets, so im taking her a shepherds pie. What do you think mrs. M . Isnt she divine . I think she should slow down. Lady felicia she arrived this morning. Present from monty. Hes so wonderfully generous. Didnt think to give you driving lessons at the same time . Sidney says im a very good driver