Us with more anticipation and hand wringing and questions because the data showed the rate of hiring slowed in august and did cast doubt on whether its enough for the fed to act. The economy added 151,000 new jobs last month. That was below the estimates of 180,000. And it was down more than from the 270,000 we saw in june and in july. By the way, the Unemployment Rate held steady at 4. 9 . Hampton pearson tells us what it all means. Reporter manufacturing and construction sectors lost a combined 20,000 jobs. Labor secretary thomas perez cited weak Global Expansion and the strong dollar as headwinds for u. S. Manufacturers. Manufacturing is an exportdependent industry, and when you have a strong dollar and you have so many other economies that havent seen our recovery, thats a real challenge. R average Hourly Earnings now just under 26 an hour, barely moved in august. And are up just 2. 4 year over year. Fed watchers say todays wage number is not what fed chair janet yellen wants to see as a condition for raising key shortterm Interest Rates. The slowdown in average Hourly Earnings, thats enough to sit people back on the sidelines within the fed, as well. Thats very important. Repor even with the august slowdown, job growth for the last three months still averages 232,000 jobs per month. Enough over time to also lower the unemploy rate. At a recent waeshdarea jobs fair, most applicants already had jobs and even middle aged job seekers were looking for opportunities to move up. Even though i personally have a job or have several jobs, just to find that job that i can really put everything into and feel more accomplished with has been the difficulty for me. Ive been looking for a few months and im not discouraged yet. Reporte meanwhile, the august slowdown is latest twist in the debate over the fed rate hike. Its possible to wait until the december meeting, but i think its more likely its september. It would require a pretty solid case to raise, i think, for them to weigh in before the u. S. President ial election. I think the gate is wide open. The fmoc needs to drive the truck through. Reporte it turns out the august jobs report has a history coming in way below xek expectations. Ov fiv years, its been revised upwards on average by some 70,000 jobs. For nightly Business Report, im Hampton Pearson in washington. Stocks get a bump after the jobs number interpreted as increasing the likelihood that the fed wont act this month. The Dow Jones Industrial average rose 72 points to 18,491. Nasdaq climbed 22 and the s p 500 added 9. For the week, all three indices road around half a percent. Now, bring in anthony chen for more the jobs report, chief economist at chase. Anthony, one of the items that comes up all the time, we heard from one of the job seekers in the report earlier is they have several jobs already. Theyre looking for a fulltime job, big debate of whether were seeing job growth in terms of fulltime or part time jobs. What do we glean from this months data . We are creating jobs. We know the fel reserve estimated we need about 100,000 every month just to absorb the natural growth i whether you oke Establishment Survey of 151,000 or household survey, 97,000. Both right in the same zip code. There are a lot of jobs out there and i dons an economy th faltering in any way. As for fulltime versus part time jobs, you insly hear were not creating fulltime jobs but rather still since the economic expansion began we began fulltime jobs and for those saying its all part time jobs, we have actually lost 530,000 part time jobs since the economic expansion began. First time we have ever seen that in any expansion since 1970. Yet, the fed is not moving yet. For all the hand wringing and questions i was mentioning earlier, anthony, isnt it possible that this is the new normal and going to be like this for the foreseeable future and we should not anticipating when the fed raises rates . I think you are right, bill. We know that the Federal Reserve and in the sw growing economy, disappointing by the nature, growing sub par relative to other expansions, we know that the interest rate, Federal Reserve needs to sort of stave off inflation is much, much lower. In fact, they spent a lot of time in jackson hole discussing this and thats one of the reasons why i think the Federal Reserve has the luxury to wait, not indefinitely but until the end of the year to be more certain that the economic expansion is on track. So, i dont think theres any cost whatsoever. Especially when core price pce, the inflation rate they monitor, is below 2 . Its 1. 6 year over year. What did janet yellen tell us . It would be a few more years before inflation gets to the point where it meets the Federal Reserve target. Is there anything that may change your mind, anthony, in terms of when wel see the fed move . You say the end of the year. What other data points are you we can see more indication that retail sales is getting a little bit stronger. We could see more indication that other parts of the economy are getting stronger. Theres a lot of things between now and september that can change our minds slightly but right now it looks like the odds have to be in favor of december rather than september. All right. Thank you very much, anthony. Pleasure. Hampton told us where the jobs arent right now. So now we tell you one place where they are. With president ial campaigns in full swing, the need to staff a new former president s protection detail this january and a combined 17 of special agents and uniformed officers up for retirement means the secret service is definitely on a mission to hire. And our kate rogers looks to en. Reporter if youre looking for a high energy, hard charging career, the secret service may be right for you. Theyre aggressively hiring. We need someone whos a self starter, self initiator. A high quality individual. Repor it is not an easy job to get. Only between 10 and 12 of more than 22,000 applicants for Uniformed Division and special agents this year will make it past best qualified to the background check phase of the process. We do have a vigorous hiring process with interviews, background investigation. A polygraph and drug screenings. Repor salaries are competitive from 45,000 a year on the low end to nearly 100,000 on the high end have an opportunity to police globally and witness history, protecting politicians and dignitaries. Trainees like this 28yearold, a former cyber threat analyst, are doing things they have never done before. From learning the protect the president during public appearances like rope line meet and greets to honing firearms skills, controlled braking and evasive driving techniques. Didnt come from a Law Enforcement background but brought up to speed in the training. Not having a prior Law Enforcement experience, i was kind of sher you applying to the secret service but they made me understand theyre going to teach you from the bottom up. Reporo handle physical training is paramount to the success here. They hold everyone to high pt standards, fitness standards. I think the guys are intimidated by me. I do have a Strong Fitness background. Being strong mentally and physically is key. I spent two days here at the James Rowley Training Center in maryland and the regimen is not for the faint of heart. From shooting. Police. Drop your weapon reporter to driving. Let off right here. Get back on. Minimize your input. Reporter of course, physical fitness, i was pushed to the limit. I need help. Reporter above all else, trainees need to display a true willingness to serve. You will have to be flexible and adjust at a moments notice. The best laid plans always go awry and i think an individual absolutely needs to have flexibility built into their mindset. R for nightly Business Report im kate rogers, maryland. Hurricane hermine made landfall overnight in florida. Now downgraded to a Tropical Storm as she churns up the seaboard. Residents, businesses and ports are preparing and Morgan Brennan is riding out the storm in savannah, ge reporter state officials warned of heavy rains, possible tornadoes, Power Outages and perhaps most pressingly, the potential for flooding with as many as 15 inches of rainfall expected in some isolated areas. The governors of florida, georgia and South Carolina declared states of emergencies and in florida at least one stormrelated death was confirmed as but hermine barrels up the eastern seaboard, Property Insurance Companies are preparing for claims. Throughout the region, schools and businesses were closed even the port of savannah. Began closing down operations last night and two hours north of here in charleston, they closed down operations midday today. In florida, officials are concerned about another natural threat, as well. Thats pools of standing water could lead to the spread of the zika virus. But here in savannah, many visitors are stranded many staying in the hotels here along downtowns riverfront. The savannah airport is operating but a number of flights canceled, most notably flights in and out of new york city, philadelphia, washington, d. C. And charlotte, north carolina. For nightly Business Report, im Morgan Brennan in georgia. Coming up, our market monitor this week says he has three stocks you need to own for well, say goodbye to the ann soaps. The food and Drug Administration is banning 19 ingredients, including common ones in the popular soaps and washes. The fda said theres no proof they work better than conventional sd water or that theyre even safe. Wait until my wife hears about this. Amid the outcry of a dramatic rise in the cost of epipens, democratic nominee Hillary Clinton has rolled out a plan to address what she calls excessive price hikes on drugs. Our john harwood joins us from washington tonight. John, what did secretary clinton propose . Reporter well, bill, nimble campaigns react to public outrage and Hillary Clinton did that today by saying that shes going to create a consumer Oversight Board to monitor these kind of price increases. It would be composed of representatives from various agencies with oversight over pharmaceuticals and also health care so places like the fda and the hhs, health and Human Services department, dont know exactly who would be on it. They rolled this out rather quickly in response to the controversy but shes saying shes ready to roll and monitor what those Drug Companies are doing in the pace of increases. How likely would it be possible for her to roll this out without any type of legislation from congress . Reporter some of what she is proposing could be done. For example, she says the board, sharon, could wave import restrictions on alternative measures of dealing with patients problems if the particular thing like the epipen goes up too fast but other things like penalties on Drug Companies that raise their prices too fast, that would require legislation from congress. Im going to send cynical on this but many traders and Even Health Care industry ceos said to me in interviews that this comes up every four years it seems and then it goes away after the election. Any reason to believe that it wont happen again this time . Reporter certainly could happen. Talking about a board created for a relatively small number of cases, like the case earlier this year and also the mylan case. But we have two nominees this year proposing, for example, to give the federal government the power to negotiate with big pharma over the cost of the l govert pays so there is some clear inclination to get tougher, whether it takes this form in the end, dont know for sure. Both parties as you said addressed this issue in some form. Is the Trump Campaign saying anything about drug pricing or what are they li say . Reporter well, interestingly, sharon, you know, they have donald trump talked about using noeshtding authority. Thats on the record. But today, the Trump Campaign did not comment on this proposal by Hillary Clinton. They were trying to keep the attention focused on the details of that fbi interview that was relessed today, the summary of the fbi interview related to Hillary Clintons emails. John, thank you for joining us. You bet. Yum brands is selling off some of the china unit before going public. Thats where we begin tonights market focus. The owner of kfc and pizza hut said theyll sell a 460 million stake in the chinese operations to a private equity firm and a subsidiary of alibaba. Its expected to be spun off by the end of the october and will begin trading independently on the New York Stock Exchange in november. Shares rose 50 cents to 91. 26. Investors sold off shares offer have phone following the quarterly results. The Company Posted worse than expected revenue and surprise loss saying the process of integrating new machines into the businesses has not been running smoothly. V erifone had guidance that es. Shares fl to 16. 81. Smith wesson stock hit today and not cleawhy. Last night the gun maker said it saw the profit bdouble. Sales of the gun maker also came in higher than expected prompting the company to significantly raise its fullyear outlook. Nonetheless, traders soild on the news. The stock down by 6 to 27. 69. And sures of lululemon continue to fall after the Apparel Company issued weak guidance after the bell yesterday. Overall, the company did report a rise in profit, topping analyst estimates and in line with estimation and finished down more than 10 today to 68. 57. Our market monitor likes stocks he says should be in the portfolio for the long haul. This is his first time joining us on the program. He is charles schultz. Thank you for being with us. Thank you for having me. We talk about so much on this program, Interest Rates and the election, thats whats top of mind for many investors. You say theres going to be a lot of volatility in 2016 but focus on stocks that you can own for the long haul. Why do you like despite what we have seen with auto Sales Numbers recently gm . Gm is just incredibly cheap. It is one of the Warren Buffetts hes one of the largest shareholders. After reorganization a few years ago eliminating 60 billion in debt, the Balance Sheet is extremely strong. For the second quarter, they had a record quarter. Extremely strong ear sh management increased guidance for eps for the rest of the year up to almost 6 a share. And frankly, it is just incredibly cheap. One of the cheapest stocks on th at about 5. 3 times pe and dividend almost 5 , alternative to the extremely low Interest Rates looking to collect income. You know, gm, i get, in the auto sector but you have Fiat Chrysler on there and struggling right now. Why them . People think its struggling but it is not. Its actually quite an interesting turnaround. The company has a strong Balance Sheet. Fiat bought chrysler for practically zero out of bankruptcy and left behind 20 billion in debt. Earlier this year, fiat spun off ferrari and shareholders with shares as part of that transaction. Going forward, we think they might spin off maserati. I want to ask you about the stock, you say the monster bank to own is bank of america. Why do you like bank of america for the long haul . Bank of america is a rock solid bank, record capital, liquidity level since the crisis. The company has 1. 5 trillion in loans and earning assets on did Balance Sheet. Warren buffett is largest shareholder. If you believe Interest Rates are going up, this bank makes more Net Interest Income as they go up on the huge book of loans and other assets. Great picks there. Thank you very much. Thank you for having me. Well, you have heard of electric cars. We show you a man pintroducing americ to electric bikes, co remember that co outage at delta . Now the bill has come due. Delta says that outage cost it 100 million in lost revenue last month. The computer failure stranded passengers and cost thousands of canceled flights over several days. Finally tonight, problem solving, multitacking and the unexpected are traits of military veterans can bring to running a business and a vet who brought those home and a back injury, the desire to get active and get back in shape led him to electric bicycles and now hes staking a claim in this niche but fastgro before he found electric bikes, back pain limited chris noltes ability to exercise, to work. Indeed, to live life. He hurt his back while serving in the military. I grew up very quickly in the military. You know . I went in at 19 years old. I was overseas at 20, 21. Reporter in 2000, he joined the army reserve. He operated fuel supply trucks, a truck landed in a ditch in kuwait only days before the start of the iraq war in 2003. And despite hurting his back, nolte stayed on four months before coming home to long island. I was very concerned when i returned about what my future is going to look like. Reporter physical labor business not an option. By 2006, he was helping a family friend put his luggage sales business online. He was immersed in ecommerce when in 2011 he discovered electric bikes. Online, of course. Nolte converted his own bike and got the push he needed to get back on the road. I didnt need to focus on where i was limited with my physical abilitiesi jus kept on reporte he learned that 180 n the roads in cpowered bikes china. Many use motorcyclelike throttles but now pedalassist bikes are more popular. Bosh ebikes systems make drive mechanisms of many popular bike brands. The ceo said 1 out of every 3 bikes sold in the netherlands is electric. Germany, more than 1 in 5 new sales are ebikes but in the u. S. Its barely more than 1 out of 100. Sensing an opening, chris nolte began selling online in 2011. Our first year we did about 50,000 in business. And then we were pretty much tripling for every year after that in size up until 2014. We hit 1 million in sales. Reporter nolte says 2016 will be his third year in a row with sales of at least 1 million. Last year, he opened a retail shop in brooklyn, new york. Most of his bikes sell in the 2,500 to 4,000 range. Baby boomers looking for help exercising or getting around are natural customers but nolte says millennials are buying in, too. I dont have to deal with parking. I pull it into the living room at night. Reporter tyler glass paid about 3,500 for an ebike to travel 10 to 20 miles in new york pretty much every day. I fell in love the second i rode one. Reporter nolte knows the American Mind to the idea of bikes for transportation, not just for recreation and exercise. Were kind of building something for the future as biking infrastructure improves. Reporter new york city, more bike friendly, is only city in new york state where pedalassisted bikes are street legal. Across the country, regulations are mu nolte, ever the transportation specialist, the confident that that will change. I dont see it as just a small percentage of the bike market overall. I see a percentage of just people that need to move. And, really, thats kind of what our tag line is. Changing the way we move. By the way, bike sales in europe have been flat for more than a decade except when it comes to electric bikes and nolte thinks theres a lot of opportunity to scale up in the laws become more uniform across this country here. A lot of people interested in just moving and you dont have to pedal as fast, right . You dont. Theres a law you cant go faster than 20 Miles Per Hour and these bikes have the regulators to keep it from that, as a matter of fact. Great story. Yep. Thats nightly Business Report for tonight. Thanks for watching. T t remind the year your Public Television station seeks your support. Im sharon epperson. Thank you for your support, and have a gwen we examine a strange week in politics where voters remained almost as uncertain as the candidates themselves. Tonight, on washington week. Are you ready . Are you ready . We will build a great wall along the southern border. Gwen two candidates do battle over immigration and diplomacy. You dont build a coalition by insulting our friends. Or acting like a loose cannon. Gwen while donald trump plays to his base, stressing his strength and toughness a lot of thing us said are very strong. But we have to be strong, we have to say whats happening. Gwen Hillary Clinton tries to pick off those he may be leaving