. this is the cnbc business report with tyler mathisen and sue herrera. >> higher rebounds, more americans are working. the unemployment rate is the lowest since 2008. the entertainment industry will create the largest movie chain in the world. >> perking umm, meet the former accountants who had a superstar idea and turned it into a growing wheres. all that tonight on "nightly business report" for friday, march 4th. >> good evening, everyone, welcome the labor market in the united states is going strong. more americans are working. dts couraged ones getting back in the game and the unemployment rate remains at an eight-year

low. this morning the labor department says 232,000 jobs were added in february, more than what was expected. >> that along with 4.9% puts the labor market at a letter considered to be full employment. but there was one big disappointment, wage growth fell, it's first monthly decline in a year. >> reporter: health care provider, retailers and restaurants run a ro bust hiring surge in february. leading economists say the strong market meaning a recession is on the horizon. >> there is a discheck between recession and negative interest rates and all that. people are confident and current conditions have gone up in february. it's a good month for that. >> still the jobs report was a mixed bag. more americans sitting on the sideline, came back into the jobs market last month and got hired, but wage growth di

creased after a spike in january. it's the last jobs report been the federal reserve meets in two weeks. >> all in all, it's a number, it doesn't change the dial for the feds for the next three months or so. >> in february the jobs came from retailer, hiring nearly 55,000 new workers, with restaurants and bars adding another 40,000. all setting those gains, offsetting more than 140,000 jobs in the energy sector just in the last 12 months. in washington, d.c., the business confidence has sparked a hotel construction bomb. more than two dozen under construction and adding another 5,000 new in the next two years. most homes and building one of the most microburst hotels here, after similar successes in new york city. the president and ceo. >> a process like this, we'll hire approximately 150 people.

40 to 50 in hotel restaurants, 40 to 50 in the hotel. >> reporter: it requires a new age job force, digital marking manager and one of the new hires. >> when are you looking for a job. are you interviewing a company just as much as they're interviewing you. >> reporter: the challenges ahead that creates more hiring with higher wages and creates a kind of virtual economic cycle, even the feds might like. for "nightly business report," i'm hanson pearson in washington. for more now on the jobs market, let's bring in the deputy chief economist. good to see you again. welcome back. >> thank you. >> let's start, first of all, with what was mentioned, that is the wage growth or in this particular report, anyway, how worrisome is that a factor for you, if at all? >> you know, it's a little worrisome. i don't think that will be repeated. we had a nice gain in january, a

half of a person. we saw a small decline in january a. tenth of a percent i think we will see wage growth bounce back and be stronger through the rest of 2016. to even those two months out, actually, you come out ahead, but economists across the board have been expecting for wage growth to kick in. this isn't a kick-in, really, a at all. do you expect it to kick? ? >> i think it will kick in. we see the unemployment rate moving lower. we see more people quitting their jobs in search of higher paying jobs elsewhere. we see businesses competing elsewhere. we think the labor market is getting heighth tighter. it's pickled up a little over the past couple of years. i think we will see growth in 2017 as well. >> we also had some decent other economic reports out this week or last week. not all of them great, but a

number of them certainly were supportive. so what does this do to the fed's decision on rates? >> well, i think the feds in march will hold steady. there is concern about the turmoil we seen in financial markets both in the u.s. and abroad. they have time. inflation is below target, but as long as we continue to get numbers like today, as long as we see wage growth pick up over the next few month, which i expect. we should see an interest hike in june, not too much, a quarter of a percentage point and another at the end of this year. >> any added job is a good job if you haven't had work. i wonder about the quality of the jobs being added. manufacturing, i believe, was actually a job decline in the most recent months. a lot of the jobs that have been added i would say have been in service, restaurants, hotels, hospitality, lower paying health care. are they good income-producing jobs? >> we are seeing better job growth in terms of more middle

wage jobs. so at the beginning of the roevgs a lot of jobs at the low end. some jobs at the high end. if the expansions continue, we see broader job base growth. construction tends to pay good wages, business professional service, health services, financial services, so those jobs are being added now. i think we are seeing better job growth and kind of that middle tier jobs. >> gus, thank you so much for your perspective, have a great weekend. the chief deputy and economist at pnc. >> an wall street today, the first three-week win streak of the year. whoohoot. dow reclaimed 17,000. by the closing bell the blue chip dow index rose 62 points to 17,006. the fourth straight day of gain t. s&p 500 was up six. for the week, all of the major indexes gained 2% or more. nice gains there.

it wasn't just stocks. commodities had a strong week. crude climbed 9.5%, the best week since august. gold's first weekly gain in three. copper ended the week up 7%. to politics now, where if race for the white house is heating up, thought only for the republicans but also the democrats. today democratic front runner hillary clinton sat down with john harwood for an exclusive interview. hi, john. >> reporter: hey, susan. you know. we talked about the new element of her economic plan she raised and laid out today. and that plan is targeting, like donald trump is targeted, companies that take jobs overseas. she says she would go to companies that move factories overseas and claw back the tax benefits they've gotten in prior years. here's her explanation. >> well, i don't think what i am arguing is bad for business at all. it certainly is focused on bad

behavior for some businesses. yes, when i was a senator, i had the same position, you know, i called for closing the carried interest loophole. i called for a moratorium on mortgage foreclosures. so anybody who has followed my career knows that i support businesses that create jobs. >> let me ask you about, quickly, about e-mail. your republican opponents have openly begun to suggest that you could be prosecuted, you can go to jail as a result of this issue. when the average person out there hears that an investigation and some guy that works for her has gotten immunity for prosecution, shouldn't they be tempted to conclude, well, maybe she could get prosecuted? >>. not at all. this is the same security review that has been going on since last spring. i'm happy that everybody now has

been cooperating and giving information. because i think that will finally end this and show that only appropriate steps were taken. but, you know, i know that the republicans are engaged in a lot of wishful thinking, but this should not be anything people should be worried about. >> reporter: now, we went on to talk about her tax plan, her tax policy center came out yesterday and said that the tax increases she's proposed would discourage savings and investment. she says she disagrees with that assessment and pointed to the growth of her husband's administration as evidence that the nation would get if she's elected president. >> as i recall, john, from a segment we did last night, focuses those tax increases mostly on the highest paid people in the country. correct? >> reporter: that's right. a large majority are focused on

the top.10 of 1% and the vast majority, over 90% over the top three-quarters of earners in the united states set policy center says that 95% the bottom 95% would be virtually untouched. this is how she's trying to distinguish herself from bernie sanders, because bernie sanders would raise taxes on a much broader swath of the population to fund programs which are more ambitious than the ones she's proposed. >> did she weigh in at all on the republicans and the infighting that seems to be going on right now in the party and between the candidates? >> reporter: yeah, she talked about the craziness of the republican race both on a personal basis and also from her perspective on a policy basis. she talked about how they're returning to trickle down economics and pointed towards george w. bush and the results of his last administration to say, we don't want to go back there. >> all right, john, thank you very much, john harwood in

detroit for us tonight. >> well, the popular former president of brazil was questioned by federal police there as part of an extensive corruption investigation. protesters clashed with police on the streets of sao paulo. luis desilva was detained by prosecutors. that i say they believe board of trade's former head profited from a massive bid rigging and bribery scheme. he has denied any wrong-doing. still ahead, i'll drink to that. an ancient press that's brewing up new jobs. to the business of beer.

finally, small brewers are showing good groat to fight flat sales industry wide and that, inturn, is creating thousands of new jobs. there are now more than 4,000 brewerys in the united states, a number not seen since the late 1,800s. the market still isn't saturated. barry thompson tells us where the jobs are from the packed full brewery in stanford, connecticut. >> reporter: only three-years-old, this brewery is going at full speed. >> we currently brew roughly 3,000 barrels a year. we are trying to get 15,000 barrels five years from now. >> reporter: a goal requiring more hands, mouth and techs. >> as we go for 3,000 barrels, to five to seven, to 15, we will be adding roughly two or three people every step of the way. >> reporter: lots of experienced workers making it more challenging for like others in the growing craft industry wants

to add seasoned workers to its current staff. >> national kraft brewery are opening two a day. >> reporter: they typically make less than 6 billion a year, it accounts for 12% of the industry volume. volumes can grow to 20% by the year 2020 according to economist bart lawson. he says that will mean thousands of new jobs. >> a small brewery will need a jack of all trades, whereas, as you move up to a regional craft brewer, they will have much more stated positions, lab technicians, you know, that chemical engineer, head brouwer. >> reporter: salaries will range from mid-20s for staff to six figures for brewery managers and master brewers. the decision to offer a professional certificate in the business of craft beer. >> i'm trying to get into the marketing aspect of it. >> reporter: a home brewer for five years, ashley benson is among 600 students who have

taken courses looking to make beers their bread and butter. >> they want to hire directly from your group. we know they can talk about beers. >> reporter: the program districtor g i anna rodriguez says they teach them how to write a business plan, get financing and run a brewery a. major product giving rise to small businesses across the country, giving job seekers some things to cheer about. for the "nightly business report," i'm in stanford, connecticut. a rival bid for dupont may be in the works and that's where we begin tonight's market focus. a chemical company is working for a possible counteroffer for dupont, according to bloomberg. the report goes on to say basf has not made a decision on whether to proceed or not n. december, dupont agreed to merge with dow chemical. the news came out after the bell. it closed the regular session up 2% to 6318.

dow chemical also rose slightly when the news hit after closing out more than a percent today to 5829. staples plans to close 50 more stores this year. >> that news comes after the office supplies retailer issued disappointing results. so much so the company's ceo calls them under welling. same store sales fell 5% and overall sales continuing to fall this quarter. they confirmed their commitment to acquire rival office depot despite a lawsuit from the federal trade commission. sales of staples fell to 9.60. the attached refund season dragged down revenue at big lots. it topped estimates comparable store sales rose for the eighth straight quarter. big lots also hike its dividend by 11% to 21 cents a share. big lots rose about 2.5% to

42.90. h & r block says a trend of taxpayers attributed to the wired than expected loss in its most recent quarter. revenue came in below estimates, dragged down by foreign exchange in what the ceo called a continuous fraud impact on the industry. shares fell nearly 16% on the day, to 2776. a box office blockbuster of a different kind. chinese amc entertainment is the largest movie company in the world this after acquiring carmichael cinemas for more than $1 billion. investors like that deal, sending shares of both companies higher. a look at how this acquisition may change the entertainment industry's landscape. >> reporter: the $1.1 deal subject to the department of justice would give amc control of about 21% of the u.s. green, replacing regal entertainment for the top spot nationwide. >> we would get our carmike

acquisitions should flow by the end of 2016. so amc will be perfectly positioned 600 plus theaters, 250 million tickets annually. >> reporter: analysts say amc, which was purchased in 2012 by a chinese group is making a smart deal giving its valuable leverage with the movie studios. >> up until this deal, they were maxed out in terms of how much leverage they had on hollywood, but now that they're increasing their market share from 13% to 20%, now they can go back to the studios and they're much more important player. >> reporter: in addition to that new power they'll have in striking deals with hollywood, amc is expected to generate synergy and benefit from new graphic diversity. carmike's focus is on smaller markets, where different films have to play well in big cities where amc thee theers are

expected. and it is expected to be approved by the department of justice the new larger amc would still control less than a quarter of u.s. movie screens. for "nightly business report," i'm julia boresen. >> neither the movie association of america commented on that deal. our guest tonight says he's investing in improving dividend deals. the chief investment strategist. >> the last appearance, he recommended citi and gilead. those sectors have been suffering, obviously. home construction, etf, which is off 3% t. s&p 500. meanwhile, in this same period. good to see you. some of the financials seal to be coming back. are you comfortable with either city or gilead now? >> i am in both, however t. fact of the matter is you are right. this is a stock that suffered. it's made interest margins as a

consequence of near zero or below interest rate policies around the world continue to weigh on the prospects of the business. >> that said, the substance is trading at .6 of a percent. it's book value and i still think it's the enterprise, it's well run. it will come out of it for the benefit of shareholders. we work gilead. space, health care has come under fire as a consequence of a political rhetoric at the moment. it still has earnings, has a huge cash balance and we think it can be acquired and focus on r&d. >> let's go to the stock picks for this time. we start out with p & g, procter & gamble. you say they're turning around quality. >> it's one of the dow jones companies that had a terrible 12 to 18 months, two a low portfolio product, on all cylinders. new management has come in. they're trying to decentralized

management and a lot of products that were offered to long-term businesses. meantime, they're in a space staples says is richly valued. project for gamble is relatively cheap coupled with the fact of the 3% dividend deal. >> about 15 seconds. >> great industrial franchise, once again, in the top sector, rebounding smartly in the ricochet rally we had and as well another stock that has over a 3% dividend yield and prospects on the back of investors realizing that global economies are not about to collapse. at&t say a cheap valuation and they have pricing power. >> it's one of the few industries exactly realizing pricing power, which is obviously profitability over a 5% dividend yield and times the multiples in the market after the sellout still trading 15, 16 times forward. i think those are compelling characteristics. >> let me ask you yes or no, is

this stockmarket rally sustainable? >> near term. i think longer term, towards the end of the year, yes, most definitely. >> mark, thanks. >> have a great weekend, sir. >> good to always see you. meet the entrepreneur who had a wish. a death wish, actually, around turned it into a supercharged highly caffeinated business. >> and here's a look at what to watch next week. on monday the marks will get their first chance to react to china's national people's congress t. annual meeting on

the economic reform. en tuesday, analyst day. on thursday, the european central banks meet t. markets will be looking for potential new easing measures. that's what to watch for next week. one of the rules of entrepreneurship is to listen to your customers. even if they're in a coffee shop asking you for the strongest cup of coffee you can make a. little marking genius never hurts either. that's just what happened when one entrepreneur in new york got the bright idea to give his ultrastrong coffee a catchy name. >> he breathes and sleeps coffee until he realized the caffeine rush was the only way to make it through his day. working in the confirm stroller's office. >> i would fall asleep. >> so he quit and began happening out in coffee shops. in 2007, he bought one in

saratoga springs. but lattes and cappucinos prove to be a losing proposition. >> i lost money. >> reporter: in his late twentsz, having moved in with his moll, brown wondered what else he could do as he tinkered with the coffee blend, looking to satisfy customers looking for the steepest, darkest, cup of coffee they could buy. >> theyped this strong coffee blevenltd i didn't though what to call it initially. >> reporter: he discovered beans from india at a trade show, for decades, coffee officianados preferred beans, but lower costs and higher caffeine made robusto a blend he couldn't resist. in 2012, he began selling online. before he found a name. then he saw one of those cupholders keeps drinks warm and cold. >> a picture of a dog on it the

death wish of the dog. so i was like, wow, that's this coffee. >> reporter: until then mike brown's coffee fashion might have seemed like a death wish. with the right label, it's anything but. >> last year we did about a little over $6 million in revenue. >> reporter: at just under $20 bucks for a pound, brown's beans aren't cheap. coffee bold enough to call itself the world's strongest. brown says that claim is based on the flavor. so he doesn't argue with reports that a couple's death wish has more than doubled the caffeine found in a cup of starbucks. last fall, death wish warmed into its small business big gain contest, voting on social media earned death withish the grand prize, a free commercial during the super bowl. a $5 million value. >> a glorious -- yes. >> reporter: viking powered

through stormy seas. brown admits might have been out of field for some. >> the waterfall. it pans out, you see a guy encounter a death wish and not to worry, edoesn't battle himself. >> reporter: during the game at an intute viewing party in san francisco, brown nervously watched his west side handle 140,000 visitors at once. sales hit a monthly record in february. brown's staff, which numbered six a year ago, is now 13. and mike says national retailers are calling, looking to stop death wish. brown says, it will happen, but for now, it's all online all the time. >> it's not my comfort zone. it's not our business model exactly. but i into ed to find the right partner. >> the home of death wish. some day in the not too distant future we will find out which national retailer will get a

shot at fulfilling its own death wish with coffee, mike brown says he is confident his supply chain can hand tell sudden rampup that it will require. some roasting coffee bones at their warehouse, they are talking to some of the biggest roasters in new york state. an interesting good story. >> a great story. absolutely. continued good luck. super bowl ad. all right. that does it for "nightly business report" for tonight. i'm sue herrera. >> four me as well. i'm tyler mathisen. have a great weekend, everybody.

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