we have two reporter tonight, hampton pearson on the best two-month stretch of hiring this year, but we begin bob pisani. >> it's been a broad rally. the s&p mid cap and small cap indices are at historic highs. reme we didn't have far to go in the first place. the s&p 500 was never more than about 1% from an historic high in the past month, so in addition to the rally in a major indices, the rally is showing signs of classic rotation. in the last several week, technology and bio tech have been big market leaders. so names like microsoft have been str time, prior market leaders like utilities and telecom and consumer staples, they've been lagging. why the move up? today's job report is the immediate catalyst, but the rall di didn't start this morning. over hav okay. crude oil, which gave everyone a scare a week ago, is showing stability around $41 and third, there's a lot more talk of fiscal stimulus, not just monetary in the uk, europe and the u.s. at the new york stock exchange. >> for a second straight month, american employers d blockbuster job growth. 255,000 new workers added in

hampton pearson has more. >> reporter: sagging energy prices drove layoffs higher in july, a 19% increase over june. out placement first challenger, gray and christmas says the cuts came from large employers. >> the big oil companies, conoco phillips, made a big cut this month as well as the equipment companies like halliburton continue to cut jobs as they react to the real amount of business that they have got to handle. >> reporte despite the setbacks, leading economists still see a labor market healthy enough to support economic growth for the rest of the year without the volatility of the last two months. there was june's blockbuster growth of 287,000 jobs, following a near wipeout in may when employers added just 11,000 workers to payroll. the consensus forecast called for payrolls to increase by 179,000 jobs with the unemployment rate falling to 4.8%. >> this would be a second strong jobs report following the weak reading in may, and we think it would give the federal reserve comfort about the state of labor markets and its outlook on the u.s. economy. >> reporter: monetary policy-m

hampton pearson reports tonight from washington on the fed and the mixed >> reporter: when monetary policy makers met in late june, job growth had rebounded and market tuberculos, following the june 23rd vote by great britain to leave the european union, had subsided. so janet yellin and her fellow monetary policy makers concluded, quote, another interest in the fed funds rate was or would soon be warranted. but there was no consensus on timing. and a split on what combination of economic conditions would be needed for the fed to pull the rate hike trigger. >> this is a fed with 17 participants and i would say 17 different opinions, and right now, the chair has not really imposed her will. >> according to the minutes, the key policy speed bump holding back a rate hike appears to be inflation. still running well below the fed's 2% target. other concerns, sluggish overall economic growth, especially lagging business investment, global concerns include economic weakness in europe, and china's slow growt >> i think it's still data dependent. i don't th that's changed. i think there's still a l

. >>> here, here is hampton pearson. >> thanks chuck, we had stocks closing slower. down day in a row. the s&p falls by 13 and nasdaq by 46. july auto sales were weaker than expected and ge and ford saying that sales declined. gm falling two percent and ford sales dropped three percent. chrysler reported a fractional gain. it was a third straight monthly gain and wages and salary increased. that's it for cnbc first and business world wide. nexium 24hr is now the #1 choice of doctors and pharmacists for their own frequent heartburn. for complete protection all day and night make nexium 24hr your #1 choice. donald trump: i could stand in the middle of 5th avenue i'm hillary clinton and i approve this message. and shoot somebody and i wouldn't lose any voters, okay? and you can tell them to go f--- themselves! you know, you could see there was blood coming out of her eyes, blood coming out of her wherever... you gotta see this guy. ahh, i don't know what i said, ahh. "i don't remember." he's going like "i don't remember!" (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don

here's hampton pearson with the cnbc market wrap. >> stocks ending moderately higher. the dow adding 41 points snapping a seven-day losing streak. the s&p up 6 and the nasdaq gained 22. >>> tesla shares little changed after hours. the electric carmaker posted a wider than expected quarterly loss. >>> private sector firms added 179,000 jobs to payrolls last month. that's according to adp. that was more than economists were expecting. the report comes two days before the government's closely watched employment data. that's it from cnbc, first in business worldwide. but did you know that the lack of saliva can also lead to tooth decay and bad breath? well, there is biotene, specially formulated with moisturizers and lubricants... biotene can provide soothing relief and it helps keep your mouth healthy too. biotene, for people who suffer from a dry mouth. ♪ one♪coat, yes! one coat guaranteed marquee interior. behr's most advanced paint. come find our top rated paints, only at the home depot. (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion s

but first, the cnbc market wrap with hampton pearson. >>> we saw stocks climb with all three indexes new highs. the dow up by 59 points. the s&p adding six. the nasdaq riding by 29 points. it was another winning session for crude which jumped nearly 3%, up 10% over the past month. some investors are betting on a production cut in late september. home building stocks rallied after report showed building sentiment improving. new home sales are current ly a the highest level since february 2008. that's it from cnbc, first in business worldwide. from long island to buffalo, from rochester to the hudson valley, from albany to utica, creative business incentives, infrastructure investment, university partnerships, and the lowest taxes in decades are creating a stronger economy and the right environment in new york state for business to thrive. let us help grow your company's tomorrow- today at business.ny.gov myand a partly sunny mode.de. and an outside to inside mode. transitions® lenses automatically filter just the right amount of light. ask for transitions xtractive lenses. extra prote

. >>> i'm hampton pearson in our washington bureau. to take you to a rally in omaha, nebraska, where warren buffett a long time hillary clinton sportder going back to 2008. even before. is expected to perhaps endorse hillary clinton. the democratic nominee. for president. so far, in his introtuktry raushs, haven't seent hk yet. mr. buffett has called on mr. trump to release his tax returns. an issue that he and other leading democrats have raised time and time again with mr. trump. as far as disclosure and pointing out the fact that most recent presidential candidates in the modern era have in fact released their tax returns. as you can see, now, mr. buffett talking to that omaha, nebraska crowd in anticipation of seeing hillary clinton and her irremar, but calling on trump to release his tax returns while we await hillary clinton in omaha, nebraska. >> thank for that. you can see hillary behind donald trump. excuse me, behind warren buffett. time now for the final trade. around the horn here. >> looking back on this pharma section, lo

. >>> meanwhile, let's check in with hampton pearson with the cnbc market wrap. >> we had stocks ending lower this final trading day of the month. the dow sinking by 53 points. the s&p off 5. the nasdaq shedding 9 points. >>> companies added 177,000 jobs in august, according to payroll processor adp. that was slightly more than expected. the report comes two days before the government's closely watched employment data due out on friday. >>> pending home sales rose 1.3% in july to the second highest level in over a decade driven by strong demand in the western u.s. that's it from cnbc, first in business worldwide. so onsite teams can count on early warning of approaching weather. because safety is never being satisfied. and always working to be better. hillary clinton: i'm hillary clinton and i approve this message. vo: in times of crisis america depends on steady leadership. donald trump: "knock the crap out of them, would you? seriously..."vo: clear thi know more about isis than the generals do, believe me." vo: and calm jgment. donald trump: "and you can tell them to go fu_k themselve

. >>> here's hampton pearson with the cnbc wrap. >> the seven-day losing streak per the dow is over.g higher. the dow gaining 41 points, s&p up 7, nasdaq climbing by 22. that's it from cnbc, first in business worldwide. [announcer] is it a force of nature? or a sales event? the summer of audi sales event is here. get up to a $5,000 bonus on select audi models. craso come dive into disheser like the new alaska bairdi crab dinner with sweet crab from the icy waters of alaska. or try crab lover's dream with tender snow and king crab legs. love crab? then hurry, crabfest ends soon. will your business be ready when growth presents itself? our new cocktail bitters were doing well, but after one tradeshow, we took off. all i could think about was our deadlines racing towards us. a loan would take too long. we needed money, now. my amex card helped me buy the ingredients to fill the orders. opportunities don't wait around, so you have to be ready for them. find out how american express cards and services can help prepare you for growth at open.com. find out how american express cards and ser

. >>> now over to hampton pearson with the cnbc market wrap. >> we saw markets closing in the green todayallying up 107. the s&p up 11 and nasdaq rising by 13. that's it from cnbc, first in business worldwide. this one's got detachable keys it comes with a pen so you can ite as you please this mac doesn't have any of that it's less useful like a hat for your cat surface has touch an a beautiful screen you can see things like they've never been seen this it slower,eavy,te compare and a bit square fold it in half, hello wh you start lighter than air, you can doodle a heart yes it's plain to see the rface pro 4 is madfor me man, my feet same time tomorrow, fellas!? dr. scholl's massaging gework insoles absorb a hard day on your feet for comfort that keeps yofeeling more energized. dude's got skills. dr. scholl's work insoles. when you hit 300,000 miles. or here, when you walked away without a scratch. maybe it was t day your by came home. or may the day you realized your baby was not a baby anymore. every subaru is built to earn your trust. because we know what you're trusting us with. subar

. >>> first, hampton pearson with the cnbc market wrap. the dow climbing by 107. the s&p up by 11. nasdaq adding 13 points. one of the factors behind today's gains was an increase in consumer spending which rose for a fourth straight month in july. >>> and apple has announced it's holding an event next week in san francisco. the company provided no other details simply saying see you on the 7th. though it's widely expected to unveil new products, including its next iphone. that's it from cnbc, first in business worldwide. she spent summer binge-watching. on, she'll be binge-studying. get back to great. this week 50% off all backpacks. office depot officemax. gear up for school. gear up for great. hillary clinton: i'm hillary clinton and i approve this message. vo: in times of crisis america depends on steady leadership. donald trump"knock the crap out of them, would you? seriously..."vo: clear thinking... donald trump: "i know more about isis than the generals do, believe me." vo: and calm judgment. donald trump: "and you can tell them to go fu_k themselves." vo: because alit takes

first, hampton pearson has the cnbc market wrap. >> we had the stocks ending the day mixed.he dow shedding 27 points. its sixth down day in a row. the s&p falling by two. the nasdaq adding 22 points. >>> a tough session for crude oil which slid more than 3.5% to his lowest level since april taking oil stocks like exxon and chevron down with it. >>> factory activity expanded in july but growth was weaker than economists expected. tesla has agreed to buy solar city in a deal worth $2.6 billion. shares of both companies finished lower on the news. that's it from cnbc, first in business worldwide. and you're talking to your doctor about your medication... this is humira. this is humira helping to relieve my pain and protect my joints from further damage. this is humira helping me go further. humira works for many adults. it targets and helps to block a specific source of inflammation that contributes to ra symptoms. doctors have been prescribing humira for over 13 years. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infection

here is hampton pearson in d.c. >> reporter: from the june federal reserve minutes, listen to this.nomic outlook, they, monetary policymakers, judge that another increase in the fed's rate was or soon warranted with a couple advocating an increase at that meeting. that's however still dropped off to a discussion about exactly what kinds of conditions would it take to actually pull the trigger on a rate hike. essentially a split among policymakers. some actually concerned that inflation is going to fall short of the 2% benchmark and therefore it would be appropriate to wait for more data to see if there would be a movement on inflation. there was also concern going forward too to see if the job market would strengthen further. and on the downside, a concern about the lack of business investment going forward. but on the positive side what led to the fed essentially saying that economic risk essentially were a little more on the balanced side. participants agreed that the proper recovery of markets following brexit as well as that pickup of job gains in june had alleviated some of the

. ♪ on sunday, 21 august, the president departed from north hampton to campobelio island for discussions with prime minister pearsononal anthem plays] ♪ the president supplied his own brand of effective personal diplomacy as they informally discussed the world problems that affected both their nations. later in the day, at the international park, the president and the prime minister joined forces in the planting of a document box in the corner of a new visitor's center. the f.d.r. home may have invoked nostalgic memories, for roosevelt left an endearing reminder more than anyone else for the limits, powers and obligations of the presidency. the obligations, he felt, both to his own people and to the world, were clearly evident six days later in idaho, the site of the atomic energy commission's breeder reactor, the first reactor to produce electricity from nuclear energy. here the president spoke of enlarging the prospects for cooperation between the soviet union and the united states. president johnson: both of us possess unimaginable power. our responsibility to the world is heavier than that ever borne by any two