Expect. Showing that one of the best performing part of the economy is still humming along. After spe spring and the the Dow Jones Industrial average up 250 points to 18. 146. Nasdaq climbed 79 and the s p 500 add l 32. The index closing high, during and the rally was sparked by the creation of some 487 new ju increase over the revised. Gains of just 11,000. The rate did edge up to 4. 9 mers. Earnings rose modestly. We have more on the job market rebound and what it may mean for main street and the fed. Surges employers recoveri hi the job growth on a roller coaster. Compared to the blockbuster of its really important when you have a lower than expected month as we had last month. Not to jump to conclusion. The leisure and hospitality hires. Led the way in jun with health care close behind, hiring 58,000 new worker, but the unemployment rose with litt wages is just 347,000 per monlt. Were moving towards, were very close and are starting to see clearer signs of stronger wage. Data for ta june jobs report was collected before Great Britain voted to leave the European Union, so economists dont have a gauge of the impact on the american job market, but point to the 2. 6 year over year gain in wages as the sign of an ecl employment. Reasons enough for the feder this is a really important this the exact number. They want to see it recover and this supports the notion janet yellen had. Wall street fed watchers say the combinn job growth plus the Economic Uncertainty from the brexit vote are increasing the odds of no fed rate hike this year. Im Hampton Pearson in. Now to bob pisani at the new what happened . Two days ago, we were talking about a trading range for the s p 500 between the old high of 2130 and the february lows of roughly 1800. We came very close to those historic highs regardless, its been a remarkable rally. What happened . The bulls are arguing that the strong june jobs report had created a goldilocks scenario, but the fed is is still on hold. The bears are insisting this has nothing o w they say the rally the is due to u. S. Stocks an bond, partly due to foreign deman and because investors are forced into stocks because of a lack of alternative investments and because europe and china stock rs a problem right now. They both could be right and it was a broadbased rally. Nine stocks advancing for every one declining and new highs kept expanding th suddenly, on the new high list, where do we go . To earnings, which start on monday with alcoa and we find out how much this whole brexit thing might impact the second half of the year. For nightly business report, im bob pisa. So, we got a robust jobs report for june. That has stocked touching new turn to josh fineman n global economist with deutsche and steven woods for more on todays jobs report. Josh, ill start with you. It looked good on the surface. Were sats fie wd the report . It was reassuring. Helped to allay some of the fears we got from the previous reports. Had to smooth through the volatility. Three, four months. Thats a healthy clip. Enough to continue gradual progress and healing labor markets and edging back, but not as strong as we e of years. Why did melee a such an egg . If you nevada hang your hat, broader picture. It suggests that the market is i think theres still residual pool of folks who could be drawn back in. Like to work full time. We made a lot still not what about this report and what position does it put the fed . Theres not radical informat so, the number is as smooth as josh mentioned in that 150 clip, which means the fed is not going to deviate. We think theyre going to be one and done. Thats because of international events, brexit, whats i think the Federal Reserve is inclined to raise rates. They want to be in what they consider a normal policy environment. The looks to be improving, so i dont think its going to be an okay economy and environment for the Federal Reserve. I dont think theyre very, ve. We think valuations are getting rich. Perhaps globally, we want to have a multiasset strategy. Valuations are expensive and look at areas where theyre more attractive. A couple of weeks ago, maybe more recently th guys who are market strategists like you. New stocking, i see the s p 500. Thats my number. 21. An hour, were at 21, 30, or about. Whatsr look like . I think theres going to be bookended. Kind of flat dish. We think it will be a positive number. It what about volatility, a slight upward bias. Bu would be inclined to look at valuations getting richer. Trim the position. You dont want to do anything dramatic. The european cycle, which is beginning. Th tactically lean into it. Stay on your toes and be ctively manag baunz the things that tyler and i were talking about before you h bonds rallies and you have gold rallying. You know, a lot of the normal relationships in the stock markets are not jegelling, so h do you see things playin i t they are sending somewhat confusing signals. I think one way to m is to stoc market and ris assets. The economy is great, but okay. Interest rate market rs saying maybe its looking okay, but Monetary Policy is going to be an easing mode. Other part oof the world in a big way and fed certainly been pushed out, so thats helping to hold interest rat i of both wo f. The economy economies on a good track, we get a sense the brexit situation is not impeding activity in the u. S. , then i think it will be back. Maybe by the end of the year. Tnd potential risk for the market weve been following is the fallout from the uk eets vote to leave the European Union, but a new survey shows onll executiv k the vote to leave will have a negative impact ot accor the cnbc survey will be you might expect on the uk and eu economy. That vote ie United Kingdom along with Global Security were just some of the opics at the nato sum were in appearance. Hadley gamble reports tonight from w strength and unity. Thats what nato secreon is going to have to project even as fears mount over the European Union as well as trying to decide the next move. We will continue the seek constructive and meaningful dialogue with russia. To make our intentions clear, to dispel relief, the use, the risk of accident, spiralling and the largest nato summit warsaw. Questions continue to be raised over yus how far nato should be on security. A 4,000 strong Multinational Force will range from poland to the baltic state. Several smaller outposts will be created for the Rapid Response post needed. Aimed at deterring further aggression on the western plank. Officials here are working a fine line between antagonizing and reassuring soviet Member States they can be mr. Putins next target. We have over the Nato Response force. We have established ne i and the further developed capabilities like Ballistic Missile defense fr. R n is just how tial game much brexit could impact the north atlantic alliance. The uk was a major force behind eu sanctions on russia. Despite mounting pressure from othes to roll them back has held firm. They were a mange contributor to overall spending and from eu country, it remains to be seen just how ready europe is to foot the bill for their own security. The vote to leave the eu has created uncertainty about the future of european integration. Unfortunately, t of security and prosperity is crumbling. For those who have been qug what does this mean for the transatlantic relationship, let me just say it is often the case in moments of change, hyperbol is misplaced. In warsaw poland, im hadley. The moment of silence was observed for the victims o dall sniper attack which occurred. Just before todays opening bell. Still ahead, look iing for double d market monitor tonight had so its founder and ceo has been banned from owning or running a medical lab for two years. The move comes after a month aes long investigati found a numbe violations in federal testing standards. The founder, elizabeth holmes, says shes dispibted by the system. The company was valued at 9 billion just two years ago. Twitter reportedly wa live e. As first reported by recode, the company is in talks with the nba, Major League Soccer and turner broadcasting to buy the digi new move is seen as a way for twitter to attract users and that helped send the stock higher. Twitters ceo is in sun valley along with many of th and as Julia Boorstin reports, theres concern about sky high stock valuations. From Warren Buffett to mark andariesen, a range of big name investors here meeting with media and tech ceos. With the market near all time highs, there are Big Questions about whether Companies Like pinterest, the ceo is here, will be able to hold on to their sky high valuations. Air bnb is now around 30 billion. The parter bing gordon says going subl isnt top of mind for many of these companies. Its curious on ipos. This generation of founders, it. Sense the late 90s and some of the new regula regime. The ipos are put off until companies are extremely healthy. Maybe staying private, but raising more capital t. Unicorn, a prifrt Company Valued at 1 billion or mar, nearly 9 billion according to a new report from pitch book. More cash coming in, former ceo says the zi high valuations for Big Tech Companies could be at risk. E i think the companies and public tech xens are still pretty high and likely to come down. And valuations coming down may make some of these companies more attractive as acquisition targets o micr which last month, snapped up the public business net wok for 26 billion. Poll con walks away from one deal, but strikes another. They ended with my tell networks. The Video Conferencing technology makl be bought by sir us capital for about 2 billion. They are expected to pay my tell a 60 million termination fee. Shares of polly com up to 12. 27 and my tell surged more than 19 to 7. 21. Mcdonald says it will take a 235 million charge in the Second Quarter because of refranchising thousands of restaurants and relocating Company Headquarters to ch chan profit by gap sees same story sales rise for the First Time Since early last year. Better than expected results were driven by sales in the old navy brand. Investors please wd the news, gap shares up to 22. 68. Shares of bare cue da networks took off today after the provider of Cloud Security products reported rise in both profit and revenue. The results were sharply ahead shares up more than 18. 5 . They finished at 18. 43. Our guest liked Growth Stocks could see double digit gains. The last time she was on, she recommended crea, price line and cisco foods up 35 . She is mary ann monotan, Senior Investment analyst. Nice to have you here. Thank you, sue. Lets start with your pe are anxious to hear you did well with the it last time you were here. Air lease is on the top tonight. Why . Right. Well, air lease is specialty financing company. And their specialty is leasing airplanes to the carriers. They just match up the orders with the manufacturers and these airlines who prefer make a spr. They make a small spread on every deal, but sign them for about seven years and they have a high levelrecuring revenue access to air long materia travel and people have been very concerned about rising interest rates. But theyve shown over and over again, that they can weatherh t. We think the valuation is extremely cheap. They had about a 35 discount from the pe versus the growth. Youre looking to the potential right. We think that this should trade in a premium to the mark. It is really a growth stock. To the Growth Stocks you know, as shown by the nasdaq, are down slightly. While the rest of the market is up 4 or better. Second one is is another one, pe rh ratio is below. Thats adobe system. Adobe systems. We use the pdfs most every day, but theyre very much involved in Digital Markets and cloud. Ooperat they have 80 of their revenues recuring, so this isnt the type of thing thats going to go up and down in terms of revenues and earnings, yet people really havent latched on to the Software Names this year. And so, its selling at probably a 20 discount from where we think fair value is. And sky is your last pick. 30 to 40 upsite. We have about okay, so sky works is a component manufacturer for Companies Like apple. Compalso many other compan e putting together more systems so they can be a onestop shop for those manufacturers and again, you know, discounted at 35 versus its growth rate, so we think thats very attractive. All right, thank you so much. Have a great weekend. Coming up, a different kind of bright idea. One that hopes to disrupt our political system and change american dem. Most of the time, our bright ideas stories are about profits. Tonight, a different take. A look at a company in an early stage. Not bringing money in yet, but hopes to one day. Its a company tryinging to tap into this countrys current fashion nation in plig. Its run by a pair of San Francisco entrepreneurs, who got what they hope will be the bright idea to heres one on whether or not the president should use the term radical islam. Matt and james call their site brigade. They also say its the worlds First Network for voters. Users share opinions and discuss hot button issues like the president ial race, funding educat in a little more than a year, users have shared more than six million opinions. Those users come from all 50 states. The hope is that discussions can help people to find out holy grail, common ground. From which to develop Real Solutions to pressing problems. What this is about is is trying to enable people to selforganize, leverage relationships and get thi you merely provide your home address to help brigade verify you. Users can see how their views just felt like if anything was going to make our politics work better, it would be soc mahan first got the idea as a student at h 2004. Lived down the hall from mark zuckerberg. Yes, that mark zuckerberg. Mahan used the facebook still in join a ncy to f protest aimed at ending s inv t Chinese Oil Companies operating in sudan durin in april 2005, harvard divested. So, facebook became a very efficient tool for figuring out who was best connected. Who was likely aligned with me. And then as a tool to meeobiliz them to get behind a campaign. In 2007, he went to work for a Company Called causes, a facebook app that helped people connect with nonprofits. Thats where he met winden. They saw 186 Million People raise 48 million for various organizations. Winden was sold on the power of w tha compare sort m. Th faceb was could have moving away from Third Party App is s. Determined to make anotherof th investors, big ones. Shawn parker, ron conway and mark maddenhoff, betting brigade could be useful and profitable, but how . Paul runs the site iraq and afghanistan veterans of america. The iava test partnered with brigade last year. He thinks nonprofits will pay brigade some day the same way pay to find perspective employees on linked in. Brigade gives us an opportunity to connect with somebodye sbresed in gun rights or immigrat and if we can inject Veterans Issues into that conversation, we can expand our market. For now, they focus on individual users like stephan. An infrastructure investor. He thinks brigade might madata. There stands to be ab opportunity to package that and make it available to folks who would have an interen using ide. Same networks. Profit isnt the driver yus yet. They believe though that tt wil at the core of politics and core of social change our relationships and the Technology Layer that were seeking to build here is simply meant to allow individuals to leverage those relationships more efficiently, more effectively and ultimately, create more rapid change. For year, investors fretted over just how facebook could make money. It sure does now and just a few weeks linked in sold for about 26 billion, so with these guys, who knows and they have some very, very substantial investors. Yeah, a lot of advice. And nice offices. Exactly. Watching. It for night thanks from me as well. Have a fwraet weekend, everybody and well see you back here on monday its all right, its okay doesnt really matter if youre old and gray its all right, i say its okay listen to what i say its all right, doing fine doesnt really matter if the sun dont shine its all right, i say its okay were gettin to the end of the day