for "nightly business report" i'm hampton pearson in washington. >>> new orders for factory goods bouncedk in october. this follows two straight months of declines. the commerce department reports that new orders for manufactured items rose 1 1/2% on rising demand for transportation equipment. but the overall manufacturing sector remains pressured by a strong dollar and a cutback in spending by the energy sector. >>> oil prices rose today, recouping all of yesterday's losses. the dollar fell sharply against the other major currencies after the ecb disappointed the market with the amount of stimulus it announced and the falling dollar increased demand for most commodities including domestic crude. at the settle prices rose nearly 3% to 41.08. >>> despite the rise today, oil prices remain relatively low. that will be the main focus of discussion at tomorrow's gathering of the largest oil producers in the world. but will it be enough for the cartel to act? jackie deangelis takes a look at what to expect from tomorrow's big opec meeting? >> reporter: for oil prices it's a moment of truth. the

hampton pearson has more on today's solid jobs numbers. >> reporter: led by big gains at good-paying housing construction jobs, employers delivered another solid month of hiring in november. more americans looking for jobs and finding them. even helped boost the labor force participation rate. >> the strength of the participation rate and the strength of the average over time at 218 i think was the number, that means that in the future wages are rising. >> reporter: eating and drinking places continue to be engines of job growth, adding 32,000 new employees last month and more than 374,000 over the year. >> does that make it worse? >> reporter: second only to healthcare. in arlington, virginia texas jack's is part of the restaurant boom in this upscale neighborhood just across the potomac neighborhood from washington, d.c. the owner says there were hundreds of applicants for the 60 workers he plans to hire. the real challenge was finding qualified workers. >> not enough qualified people that had relevant experience, you know, for us. a lot of young, you know, people looking for work

nor "nightly business report," i'm hampton pearson in washington. >>> from beer to burritos. the chipotle outbreak is growing. last night we reported a number you have boston college students fell ill after eating at the chain. today it appears the norovirus may be to blame, not e. coli but the bad news continued to pressure shares which fell again today. morgan brennan reports on the outbreak and its potential fallout. >> reporter: investors aren't the only ones steering clear of chipotle. >> actually noticed that the chipotle in my office the line's gone way down. >> for health woes continue to hit the tex mex chain which has battled an e. choli outbreak affecting 52 people in nine states according to the cdc. now college students in boston have become the latest to the fall ill. boston college says 80 students reported gastrointestinal symptoms after consuming food at the restaurant. chipotle is looking into the incident which a spokesman says may be "likely a norovirus which also seems to be the direction health officials in boston are moving. no e. coli cases linked to c

hampton pearson has more on the fed's decision and the outlook for future rate hikes. >> reporter: at the federal reserve, the end of an era, the first interest rate hike in nearly a decade, because the economy in the eyes of monetary policymakers is strong enough to withstand it. their decision was unanimous. >> we would like to avoid a situation where we have left so much accommodation in place for so long that we overshoot these objectives and then have to tighten abruptly and risk damaging that performance. >> reporter: just as important as lift-off, the policy statement said the path to more normal rates would be slow and gradual. fed policymakers' forecast indicate the possibility of four rate hikes next year. >> it's important not to overblow the significance of this first move. it's only 25 basis points. if monetary policy remains accommodative, we have indicated that we will be watching what happens very carefully in the economy. >> reporter: fed officials have increased their growth forecast to 2.4% in 2016, a vote of confidence that rate hikes won't disrupt economic growth,

for "nightly business report," i'm hampton pearson in washington. >>> american business productivity was higher in the third quarter than initially reported. the labor department says productivity, which measures hourly output per worker, rose at a 2.2% annual rate, not the 1.6% reported last month. labor costs, which measure the price of labor per single unit of output, also rose at a slightly higher rate than previously stated. >>> well, oil prices, quite a day there. they broke below $40 a barrel, as new government data showed a rise in supply when many had expected inventories to shrink. according to the energy information administration, it is the tenth straight week of stockpile build-ups. domestic crude settled at $39.94. that's its first close below 40 bucks a barrel since august. that drop pressured shares of dow components exxonmobil and chevron. they were the dow's laggards today. all of that extra oil does have to go somewhere, and an increasing number of companies are making big bets on the growing need for more storage space, and no place is that more evident than in ho

for "nightly business report," i'm hampton pearson in washington. >>> john canally joins us to talk more about the labor market, the fed and other factors that helped shape the committee this past year. john is with lpl financial. welcome. good to have you with us. talk a little bit about unemployment. it's now at 5%. how much lower do you think it can go? >> it can probably go a percent lower. we could probably get to 4%. the recent low at least in my memory was in the late 1990s, it got down below 4%. because the participation rate is falling, there's probably a floor underneath of that and that's probably not the real unemployment rate. either you have to take into account the fact that people have stopped looking for work and all of that. >> if more people are working and unemployment rate goes down, that would suggest that maybe income growth cog kick up a little bit. do you expect that in 2016? >> at this point in the business cycle, you would expect that. wages have started to move higher. we started 2015 with wages 1 1/2 to 2 range. as we end 2015, in the 2 to 212 range. i would

hampton pearson has more on that. >> the hearing is just underway. as i tried to catch up with carlos brito just before the hearing started, he was reluctant to give away the game plan on how he hopes to convince the committee that this is not a monopoly waiting to happen if the deal goes forward. right now the hearing is just underway. mr. brito has been able to give his opening statement trying to make his case for why the merger should happen and specifically why he believes it's not anti-competitive, especially as far as affecting the domestic beer competition in the u.s. >> all right. we're watching video there, of course. hampton? >> sorry, i guess we don't have that sound bite. in essence, he said, it's the key to he and others who are in favor of this, making their case with u.s. regulators that the planned divesture of the miller coors piece, that's the essence of what should let the case go forward. on the flip side, a great deal of concern about the impact on the growing price competition for the craft industry going forward. that's the th

but first hampton pearson with the cnbc market wrap. >> another rally. the dow climbs by 165 points. the s&p up 17, the nasdaq rises by 32 points. the economy grew at a 2% annual rate last quarter, slightly less than the earlier report showed last month. existing home sales slid 10.5% in november. the sharpest drop in five years. economists expect a gain. >>> and a tough session for shares of chipotle which slid 5% as the cdc investigates new e-coli cases in three states. that's it from cnbc, first in business worldwide. when you buy one get one free on our most popular smartphones... like the samsung galaxy s6. buy one get one free. so spread some cheer. and capture every minute of it. right now at at&t, buy one get one free on our most popular smartphones. tand that's what we're doings to chat xfinity.rself, we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're

. >>> but first, hampton pearson with the cnbc market wrap. >> thanks, steve. stocks sink on the second to last day of trading of the year. the dow falls by 117 points. the s&p down by 15. the nasdaq is off by 42 points. sliding oil prices weighed on those stocks. unexpected build of crude inventory sent oil down more than 3%, pressuring the transport. pending home sales fell last month as prices moved higher in some areas. and shares of apple shed more than 1% after the company agreed to pay about 350 milli$350 mill settle an italian tax dispute. that's it from cnbc, first in business worldwide. write down the number on your screen, so you can call when i finish. the lock i want to talk to you about isn't the one on your door. this is a lock for your life insurance, a rate lock, that guarantees your rate can never go up at any time, for any reason. but be careful. many policies you see do not have one, but you can get a lifetime rate lock through the colonial penn program. call this number to learn more. this plan was designed with a rate lock for people on a

the first civilian to see them is cnbc's hampton pearson, he passes them on to us. 5:30 tomorrow morning. the fed looks at two things generally when deciding to move rates. number of americans employed. the more it goes up, the more likely the hike. and inflation. the more that goes up, the more likely the hike. yellen will before congress this morning as well. congress wants to talk to the chinese manufacturers of vtech computers. that's the company that got hit by hackers late last week. millions of children's names, birthdays and photographs were leaked. the biggest hack of children in history and congress wants to get some answers. >> parents do, too. >> the fact we are even talking about a child information hack is crazy. >> talking about millions and millions. >> thank you. >>> we'll be watching a meeting in santa rosa later today where a decision could be made about opening up crab season. that's where the latest test results are expected to be released at a state hearing. crab season was supposed to kick off two weeks ago but state leaders suspended it after

first, hampton pearson. >> we had a federal reserve hangover on wall street. dow sliding 253 points. s&p off by 31. nasdaq down by 68 points. another tough session for crude oil prices. slipping more than 1.5% today to close below 35 a barrel. that decline pressured shareses of oil giants like exxon mobil and chevron. >>> number of americans filing for first time jobless claims dropped by bigger than expected 11,000 to 271,000 last week. it was the 41st straight week they held below the key 300,000 level. that's it from cnbc, first in business worldwide. at planters we know how to throw a remarkable holiday party. just serve classy snacks and be a gracious host, no matter who shows up. [cricket sound] richard. didn't think you were going to make it. hey sorry about last weekend, i don't know what got into me. well forgive and forget... kind of. i don't think so! do you like nuts? [ male announcer ] pain not sitting too well? burning to feel better? itching for relief? preparation h offers the most maximum strength solutions for all hemorrhoid symptoms. from th

. >> all right, hampton pearson. hampt hampton, thank you. we as always have steve liesman to break down the beige book. doesn't seem like a wheole lot f new stuff here ahead of the fed decision next week. in two weeks rather. >> i think it sounds like the economy chair yellen described in her washington speech. it's growing modestly or moderately. some strength in housing. automobile the strength in autos. there isn't a whole lot the fed sees, brian, that you and i don't see just by following the data. maybe it's their analysis that we don't see necessarily and we see that when we get the speeches from all the fed folks, but ultimately autos doing well, housing is doing okay, exports, manufacturing, they're both challenged from the stronger dollar. that's not a surprise. we get a lot of added value in this from the anecdotes about pricing pressure and wage pressure and we're not seeing or hearing a whole lot of that. that notion of there being wage pressure in skilled industries is one that's been in the beige book for several years i want t

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