Nightly Business Report — July 28, 2015

Tonight on Nightly Business Report, the great rate debate continues as fewer top Wall Street strategists think the Federal Reserve will hike interest rates in September. And, why the rate of homeownership is at its lowest level in almost 50 years.

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Today’s hot stocks: DD, JBLU, BP, SVU, DHI & NK.

Kate Rogers | CNBC
Tatiana Birgisson, founder of Mati Energy.

Launching a beverage start-up in a saturated market, dominated by the Red Bulls and Monster Energy drinks of the world, isn’t for the faint of heart. But Tatiana Birgisson never set out to take on the beverage giants. She did so quite by accident, when the now 25-year-old developed her brand—Mati Energy, a healthy caffeinated …

David Paul Morris | Bloomberg | Getty Images
Potential home buyers exit a home for sale in the Castro district of San Francisco, California.

The U.S. homeownership rate fell to 63.4 percent in the second quarter of 2015, according to the U.S. Census. That is down from 63.7 percent in the first quarter and from 64.7 percent in the same quarter of 2014. It marks the lowest homeownership rate since 1967. Homeownership peaked at 69.2 percent at the end …

Dimas Ardian | Bloomberg | Getty Images
A clerk stacks bundles of Indonesian 100,000 rupiah banknotes at a currency exchange office in Jakarta, Indonesia.

The ripple effects from China’s market drama is being felt far and wide. Among the hardest hit: emerging markets currencies. Read More 3 charts explaining the Chinese stock market Currencies in Latin America, Eastern Europe and Asia were already under pressure this year, and China’s meltdown is just the latest trigger for the selling. “The trend …

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Plunging Chinese stock prices may have U.S. investors concerned about their exposure. But, for the most part, they probably don’t need to worry. Advisors say many U.S. investors, especially those who have diversified, won’t feel a huge bite to their overall portfolio. For one, most U.S. investors and mutual funds own shares of Chinese companies …

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Millennial car buyers are more likely to lease a car than Generation X and the baby boomers. And millennials are leasing more than ever. Leasing accounted for nearly 29 percent of all new car purchases by millennials in 2015. That beats the average lease penetration rate of 26.7 percent for the entire U.S. population, and …

Hero Images | Getty Images

The Department of Defense is expected to grant a 10-year health care IT contract, estimated to be worth as much as $10 billion, to overhaul the department’s electronic health system records. “Relative to the electronic health records vendors, we’re talking probably $2 billion over the life of the contract,” said Michael Cherny, health IT analyst …

The growth of fantasy sports

Money is pouring into legal online sports betting.

Tale of two social stocks

Twitter and Facebook post quarterly results this week and the companies seem to be going in very different directions.

Record fine for Fiat Chrysler

Do buyers care about the record fine and recalls at Chrysler?

More pharma M&A

Meg Tirrell takes a look at what drove the tie-up between Teva Pharmaceuticals and Allergan and why there could be more M&A in the works.

Is China impacting the Fed?

Tyler Mathisen explains what China’s slowdown and extreme market volatility could mean for the Federal Reserve.

NBR-Thum

Tonight: What China’s slowdown and extreme market volatility could mean for the Federal Reserve.

Nightly Business Report — July 27, 2015

Tonight on Nightly Business Report, what China’s slowdown and extreme market volatility could mean for the Federal Reserve. And, do buyers care about the record fine and recalls at Chrysler?