they are a spin off of ppg. >> oh, so they are also hometown pick for you. >> they are. >> ppg pittsburgh are. >> they are. >> i see how it's going now. >> right, right. they did this reverse merger with somebody called georgia golf corporation. and they have products or that their plant were very, very much alike. so they make the basic component for plastics. and given that again we're in the middle of the shale here in pittsburgh, we see a tremendous benefit coming out of a couple of pipe lines that are going to get built and get complete here. and then be able to ship ethane, which is the basic component of plastics. so we think axiall will have a really great foundation going into the future. >> i can see a theme running through your stock picks, that is that they are a little unloved. in axiall, it is down 1.5%. at&t its year to date performance is kind of flat. >> right. at fort pitt we believe in trying to buy great companies at reasonable prices. all three companies are very good at what they do. they are not really -- they have a few blemishes on them or they wouldn't be down th

so machinery companies fall in this categories along with bhp, chemical companies, dow chemical, ppg. these companies are all hostage to the economy. when it heats up they earn more money and we're willing to pay more and when it slows down and they shift into recession mode they earn less money. a secular growth company is where the earnings are coming in regardless of the economy's overall health. think of anything you drink, smoke, or eat or use as a medication. foods, general mills, kelloggs, pfizers, these are the classic recession proof stocks you want to buy when the economy slows down and investors flock to stocks with safe consistent earnings. you don't stop eating food or brushing your teeth because of a recession. so why is it so important? why is it the first piece of wall street jargon i'm translating for you? it helps you figure out how much money companies will earn. it matters to the guys that have so much money to throw around that they're buying and selling stocks up and down which is determining where prices go in the full time. it's about when to buy and sell stock

which i was there saying he was promoted for a lead ppgs, the rookie of the year the first year. he exceeded all expectations. he was receiving promotions on a routine basis, so for her to say that he was not someone they would select for a supervisor position was an an attack on his character. >> just a reminder, they're characterizing your husband and saying he was a seasonal firefighter, therefore not eligible for lifetime benefits. as you point out he worked full time. >> correct. >> are you planning on filing any type of lawsuit? >> well, we have 180-day period wherein we would need to do that. certainly we reserve our right to do that if it comes to do that. that is not my hope. my hope is a resolve of this issue, that amicableably we can come together and decide how to fix this. i don't want any sort of anger or animosity, but i am a single mother of four children. that's why my husband was working, to be able to provide for us. i have to fight for what he already earned. it's sad that i have to go this way. i will do whatever i can to get our resolve. i don't know why it

like the miners far more than the metals itself, disappoint ppg take a chance on a gold miner, you have come to the wrong place. that does not mean, however, that i don't want you to own gold. it just means the real ray weigh to play gold is with, alas, gold ppt cost of getting the metal out of ground has gone sky high at the exact same time the metal has gone down in price. nothing could be worse for a company than rising costs of making the goods at a time of falling selling prices. can you do your homework and find a gold stock you are comfortable. but don expect me to press it on sh show in lightning round and don't expect me to endorse it if you shout it at me. when i come out of the exchange own go over to street.com. don't pick a gold miner if you agree none of them inspire confidence. sure you want to take a flier and trade gold, that's fine. maybe etf for junior gold miners. again, i'll bless that. but that's not protection against anything. don't confuse it with the insurance role of bul yn or coins or the etf that i have in mind for your portfolios here is bottom line. you ne

senior economics reporter, steve liesman, all things fish in jackson hole, why open ppg what do you make is a number that actually does include higher mortgage rates. >> yeah. and i think that's going to be good news for the federal reserve. i think that there is going to be the question as to whether or not you have people who are kind of came off the sidelines because of the higher rates, things could still go higher. they want to see this continue. but i think if you look at what's happened with lowe's and home depot, which i think have been pretty decent news in terms of housing, some of the builder sentiment surveys have been positive. the idea that the housing recovery can withstand these somewhat higher rates, they're still low by historical standards but higher than they had been by almost 100 basis points. the idea that it can p withstand that is going to be something the fed is going to be very concerned about. overall what i'm hearing from some fed officials is that they're not certain about what's going to happen in september because they're not certain about where the econom