Every time memorial day comes around, the old market cliche gets passed around. Sell in may and go away. In other words, are you better off taking a vacation from the markets and enjoying what you can during a summer vacation, like in summers past, this year a number of reasons why markets could get a bit jittery. I think as we look at head winds or what could cause markets to falter perhaps in the months to come, not only is the fed raising rates, potentially, a source of volatility depending on if they manage expectations properly, of course, the brexit vote, the referendum on whether or not Great Britain chooses to stay with the European Union or leave the European Union a source of volatility and could become a head wind. A potential Interest Rate hike from the fed is probably one of the biggest unknowns in the market. No one really knows for certain how it will be received overall, but many still remember the market volatility that happened in the weeks following the feds last Interest Rate hike back in december of last year. Now, add on to that what could happen in the United Kingdom if it votes to left European Union, oil price and energy stock worries and whether corporate profits in america can rebound and you can see why some traders are staying a bit cautious. But the story is not all gloom. The combination of modest Economic Growth and rising earnings helps stocks power higher in the past, we think thats likely to be the case both in the summer and through the rest of the year. Investors should stay invested, not sell in may. Last summer, investors grappled with one of the biggest stock market pullbacks in recent memory. Oftentimes the amount of trading that happens during the summer months really slows down as people take various vacations. Less Trading Volume leaves open the possibility of more volatility. And with a list of potential market catalysts in the next few months, vigilance will be key. For nightly business report, im dominic chu. Joining us now to talk more about what lies ahead for the markets and the economy this summer is richard weiss, senior Portfolio Manager at American Century investments. Welcome. Good to have you with us. Lets take the easy question first, should i sell in may and check back in after the elections or should i just stay with what ive got . What do you expect . I think i would be the second place winner, the runnerup. I guess we would prefer that we position in may for the coming months and potentially for 2017. Selling in may indicates you think the market is going to go down, youre not going to make any money and stash your money in cash. Im not so sure about that. I think you can reposition smartly for the coming economic environment to the extent were at an inflexion point or turning point economically and financially. Potentially to reposition yourself. Give me some specifics here. What is the economic environment you expect, quickly, and then how do i reposition . Right, well, fundamentally economically were slowing down. I dont think there is any question about that. The u. S. Is looking to grow at best 2 , maybe even 1. 5 real terms this year. The international economy, the major ones, less than that. And were not getting much support either from the government sector. Obviously with the elections in the way or the corporate sector. So it really all rests on the consumer and the consumer is very weak. Muddling along at 2 rates. So what this indicates is were slowing down, were likely to turn the corner potentially sometime next year into recovery, but for now, there is a slowdown. The way to position for that is to grab on the early cycles. The early cycle sectors. Financials is a good one. We have seen some movement there already. I think youll have plenty of time this summer to buy on the dips and financials and build a solid portfolio weighted heavily toward the early sectors be well positioned for next year when we post election, focus on the domestic economy, regroup and recover. Richard, thank you so much for being with us. Appreciate your insights tonight. Richard weiss with American Century investments. The class of 2016 is walking into one of the best job markets for College Grads in years. As Hampton Pearson tells us, recovery from the 2008 recession and more skills oriented economy have employers looking for more and more College Grads. This years nearly 2 million College Graduates will have lots of employers anxious to put their skills to use. Employers expect a higher 5 more graduates from the class of 2016 than last year. According to a highly regarded survey from the National Association of colleges and employers. The Unemployment Rate for College Graduates has been cut in half in the last five years from a high of 8 in 20 10 to 4 last year. Theyre taking about twothirds of all of the good jobs in this recovery and the High School People are the last to be hired. It has been since about 2010 that things have been getting slowly better. In 2015, degree holders earned nearly 49,000 a year versus just under 24,000 for high school graduates. But that is offset by the 37,000 in Student Loan Debt on average for the class of 2016. College job placement experts say it all comes down to a simple rule, what you make in salary depends on what you take for courses. With employers and job seekers putting a premium on jobs in the new economy, in technology, computers, and, yes, business getting the most attention. The employer attitude pretty much is we have got the jobs, were having trouble finding the people who really are qualified, which is why the college wage premium, the value of college over high school, has gone from 39 in the early 80s to 85 now, theyre chasing the best talent with the most money. For this generation, the only thing more expensive than going to college may be the cost of not going. But the experts say even with an improving job market, the transition from college to career will be at least two years. For nightly business report, im hamptoon over the past few years the concerted effort to hire military vets is starting to pay off. Walmart says since it started its Welcome Home Initiative three years ago, it hired more than 130,000 u. S. Veterans. But walmart is not alone. In fact, the Unemployment Rate for post 9 11 veterans has hit nearly an eight year low and did so last month. But as deena tells us while progress has been made, more can medal of honor recipient and retired army captain floret growburg noseknows a thing or t about sacrifice. But that didnt prepare him for the working world. I did not know how to effectively network, how to reach out to individuals in my field and transition over to corporate america. Now hes partnering with linkedin to teach vets about the importance of networking and working to try to get more hiring managers to Pay Attention to the jobs skills veterans have to offer. So far hes met with Companies Like ibm, hp, google and jpmorgan chase. We are adaptable. Were flexible. Were mission centric, were dedicated. Were loyal. Were sponges as well. We learn quick. Were going to make our mistakes, thats a fact. But were go not going to make that same mistake twice. Were highlighting the Tech Industry today. Representatives from microsoft, uber and amazon were among the folks testifying. Our commitment to the military does not end once candidates are hired. Once employed, we connect them with our internal network, the amazon warrers. Amazon pledged to hire 25,000 veterans in the next five years and uber said the company had already fulfilled its goal of employing 50,000 veterans. There is also a need for veteran candidates in the health care sector, ascension recently partnered with the department of Veterans Affairs to provide medical services to veterans who may not have access to a va facility or who have to wait a long time for an appointment. We currently have 2,000 of our employees who are veterans. We want to make sure we understand the true veteran experience. We understand that veterans have different needs than some of our other patients. Right now, in many parts of the country, the veterans are most vulnerable. The Unemployment Rate for veterans who served on active duty since september 2001 hov hovered at 5. 8 . And according to experts, about half of veterans leave their first jobs after the military within up with year of transitioning home, statistics that theyre trying to change. I think we can be successful in any sector if given the right opportunity. For nightly business report, im deena gostokowski. Summer is the season of travel. What can we expect on the roads and at airports over the next few months. First, words of wisdom from our Business Leaders to recent grads. If anyone can do it, you can. Berkeley is filled with people who want to make the world a better place. Never stop working to do so. Whether it is a board room that is not representative, or a campus that is unsafe. Remember this, graduates. When people start telling you that youre crazy, you just might be on to the most important innovation in your life. Of course, the other possibility is youre crazy. As the summer churns on, the president ial election will dominate the news cycle. Things will really heat up starting in july. With the republican and democratic conventions, aymanaftaymaeamon r s joins us this. When will we see Vice President ial picks by the two nominees and who are some possibles . Well, it is really hard to say, tyler. This year has been so unlike other years that we have seen in past election cycles. Youll see the Vice President ial names start to really float in those weeks before the july president ial conventions in cleveland and philadelphia for the republicans and for the democrats. So you might see a drum roll in the days leading up to that. And then a big announcement just before the convention. Thats what we have seen in the past. As for who the candidates are, because this is such an unusual year, with such unusual candidates, it is very hard to say who were going to see for the vice preside in both parties. Typically, theyll look for some kind of regional balance, demographic balance, and other things to play against the strengths of the nominee at the top of the ticket. This year, though, it is anybodys guess. For donald trump, for example, would he pick a senate insider like a bob corker or would he go with chris christie, gubernatorial experience, or would he go with somebody else entirely that we havent even thought of yet. Those are all possible names that are out there. And for Hillary Clinton, youre looking at any one of a number of people potentially, a lot of folks in the Democratic Party would like to see elizabeth warren, but would Hillary Clinton have two women on the ticket . Would that be considered a strength or a weakness going into november . And then what about a wild card for Hillary Clinton, mark cuban, the billionaire. His name has been mentioned. He hasnt been ruling himself out necessarily for that slot. There are a couple of names out there and if they want to go with a wild card or somebody insider, an establishment, thats the big question. A shark, a haeart beat away. I cant wait for the debates. We didnt have enough of them during the primary season. What of the clinton trump debates to be like, presuming mrs. Clinton is able to best Bernie Sanders . I think the only thing we can say for sure about these debates coming up this year is that theyre going to be extremely highly rated. Everyone is going to watch this to see what happens here. I think a lot of the conventional wisdom here inside washington, inside the beltway is Hillary Clinton will do well in those debates, but donald trump has a way of getting inside your head when youre on the debate stage against him. It is going to be very difficult for Hillary Clinton. Eamon javers, thanks very much. If you were on the road this weekend, you probably werent alone. Aaa expected more than 38 million americans to travel, go somewhere. Majority hitting the roads. That will be the second highest memorial day weekend volume on record and as Jackie Deangelis tells us, it is because of one thing. The inspiration is coming from cheap gas. The National Average for a gallon of regular is 2. 30 today on aaas website, up 16 cents over the last month. But down 44 cents from this time last year. Still, not everyone is satisfied. I think gas prisz should ces lower, but not as high as they were last year around this time. I do drive a lot with my job and everything, so gas prices are very important. Im going to drive, im going to drive. If the gas prices are high, im not going to be as happy as im driving, but im still going to go where i need to go. Top destinations for road travel, orlando, myrtle beach, washington, d. C. , new york, and miami. So far this year, americans have saved about 18 billion on gasoline alone, where those savings are being spent is still debatable, but one thing is for sure, cheap gas motivates people to get up and go. We came into the summer with a huge amount of supply for gasoline. And, yes, we are drawing at record rates now for gasoline demand because prices are so low. But that demand should be able to be met with the supplies that we do have. I imagine prices will probably peak in the next two or three weeks barring any hurricanes, geopolitical problems or things like that. Crude is up almost 50 in the last three months alone. If the market is starting to level off and stabilize, could we see a National Average back at 2 again . I dont think it will happen until after the summer driving season. What happens with the summer is there is a premium for the gasoline for it to burn cleaner. Once we get through that season, in october, we go back to the cheaper winter gas and i think thats the point where you could see 2 a gallon again. One thing for sure, most consumers arent kicking the gift horse in the mouth. The cheapest gas in over a decade for this time of year is nothing to sneer at. For nightly business report, im Jackie Deangelis. This memorial day weekend, travelers have probably dealt with long security lines and lots of different airports around the country, but in atlanta, delta and the tsa hope they have found a solution to make those lines run quicker for the summer and beyond. Phil lebeau explains what it looks like a regular tsa security checkpoint. But atlanta hartz field Jackson Airport has a new system designed to quickly move travelers through security screening. If it is as successful as we believe it is, i think airports around the country will look for the technology very quickly. Her is how it works. When travelers get to the check point, there are five stations for five different people to put their belongings in bins. When a person is done, regardless of where they are in line, they push their bin down the line to the xray machine. And walk through a metal detector. If there say problem with their bag, it is automatically sent to an area beyond the xray machine for further inspection. That way it doesnt hold up the line. And with five people constantly going through one of two metal detectors, the line should move, even if some people are occasionally stopped. It went fast the whole way up to this point. But quicker than the old way to unload your bags. I didnt think it was faster. Seemed to go pretty quickly. Went right through the front of the line and my bag did get screened but only took ten minutes altogether. With long lines at many airports, the tsa is adding more officers. And more overtime. Meanwhile, the embattled head of the agency found himself on capitol hill, answering questions on how the tsa can relieve security line headaches. Youre undergoing an impossible trying to take on an impossible track. That probably doesnt encourage you very much today. Do you think the number of bags going through our checkpoints is problematic. Delta spent a Million Dollars developing this security system. D on its first day in use, there were a few hiccups with tsa agents and passengers adjusting to the new setup. But nothing major. If it works as planned, this new system could clear up to 25 more passengers than a standard tsa checkpoint. Which would be welcome news for those travelers tired of waiting in security lines. Phil lebeau, nightly business report, atlanta. So what can you expect from your Summer Travel . Vera cansen with the u. S. Travel association, joins us now to discuss. Welcome. Lets start with the tsa and long lines at the airports so well sort of cataloged over the past month or so. Is help on the way . And how soon can we expect things to get better at those checkpoints . Well, help is on the way. And things are already getting better. Some of the airports like chicago, which were seeing the longest wait times, are now actually down from where they were to about 30 minutes 25rks minu, 25 minutes in some cases. More agents will be in the airports soon. But the problems are longterm. Were go to need to do a lot to make sure more travelers are in travel programs and that tsa is using innovative techniques like delta developed at atlanta so we can start getting people through on a more consistent basis in a more efficient way. Partnerships of the