Nightly Business Report — November 20, 2014

Tonight on Nightly Business Report, what President Obama will say tonight during his immigration address and what the business community wants to hear. And, why new crash tests are raising troubling questions about the safety of minivans.

Today’s stock stories: GPS, GME, DLTR, HTZ, BABA & HABT.

Source: Sotheby’s

$44.4 million Georgia O’Keeffe painting sets record for female artist The surge in art prices has been an especially male phenomenon. But now, female artists are gaining ground. Sotheby’s just sold Georgia O’Keeffe’s iconic flower painting “Jimson Weed/White Flower No. 1″ for $44,405,000, or more than three times the previous world auction record for any …

Andrew Harrer | Bloomberg | Getty Images
Jacques Gabillon, head of the global commodities principal investments group at Goldman Sachs looks on as Christopher Wibbelman, president and CEO of Metro International Trade Services, speaks during a Senate hearing on Capitol Hill in Washington, Nov. 20, 2014.

At a combative Capitol Hill hearing Thursday over its commodity investing and trading, a Goldman Sachs executive said the firm is in talks with a Russian buyer, among others, about selling its embattled metal warehousing business. During the hearing, where a feisty Sen. Carl Levin grilled Goldman‘s higher-ups over allegations they manipulated metal investment rules …

Brian Steele | Stock / Getty Images Plus

Americans have one more thing to be thankful for this Thanksgiving. The cost of the average Thanksgiving meal rose just 0.8 percent this year, according to the American Farm Bureau Federation’s annual informal price survey. The price of feeding a group of 10 ticked up just 37 cents to $49.41—even amid a sharp increase in …

DreamPictures | Getty Images

As the U.S. stock market rises, so do sales of million-dollar homes. That correlation is not lost on the nation’s Realtors. “There is little volatility in the stock market. It is whoppingly higher, so people in the top 10 percent of wealth are really feeling confident now,” said Lawrence Yun, chief economist for the National …

ChinaFotoPress | Getty Images

Our expanding waistlines are costing the global economy almost as much to deal with as smoking and military conflict, according to a new report by the McKinsey Global Institute. The annual global bill for obesity for lost productivity and treating conditions like diabetes, heart disease and certain cancers is $2 trillion. That’s nearly as much …

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Traders on the floor of the New York Stock Exchange.

Blow-away Philly Fed data at a 1993 level, slightly stronger consumer inflation data, a surprise jump in home sales and still sub-300,000 weekly jobless claims. None of it has even ruffled the bond market. Treasury yields stayed around levels they were at all morning Thursday, but the volume was higher than usual. The cash market …

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A worker prepares packages for delivery at an Amazon.com warehouse in Brieselang, Germany.

Talk about a limited-time offer. To kick off its Black Friday specials, Amazon on Thursday announced that it will start posting deal codes to disappearing messaging app Snapchat, which can then be redeemed during checkout on its site. Also Thursday, the online retailer said that its Instagram is now shoppable—a move that competitors Target and …

Diverse Images | Universal Images Group | Getty Images

Look to your left. Look to your right. At least one of you probably drinks too much, according to the Centers for Disease Control and Prevention. About 1 in 3 adults in the U.S. drinks alcohol excessively, the CDC found in a study released Thursday. It defines excess as consuming eight or more drinks per …

miluxian | iStock/Getty Images Plus | Getty Images

A Russian website has been discovered streaming live footage from thousands of private webcams, CCTV systems and even baby monitors from around the globe. The website is live-streaming footage from over 250 countries collected from security cameras used by businesses and members of the public. Feeds from countries around the world showed a variety of …

Nissan
The 2015 Nissan Quest.

A new series of crash tests by the Insurance Institute for Highway Safety (IIHS) revealed troubling results for minivans that are often perceived as some of the safest vehicles on the road. One crash test in particular was described by a lead executive at IIHS as “one of the worst crash tests we’ve ever seen.” …

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Will a virtual visualization make a real difference in the way you manage your portfolio? That’s what Fidelity Investments is betting on with the beta launch of “StockCity,” a virtual reality platform that lets customers zoom through their portfolio as if they were on a helicopter winding around New York City, with stocks depicted as …

New York City’s red hot commercial real estate market

Barely six years after the financial crisis and just two years after Superstorm Sandy, the commercial and residential real estate market in Manhattan is booming.

Target posts earnings beat

Courtney Reagan sits down with Target’s new CEO to discuss last quarter’s encouraging earnings and the all-important holiday shopping season.