Pace. Saying that closed the 58 which was well ahead of economic forecasts. David companies hired 176,000 new workers in august. Just about exactly matching the estimate. The numbers coming out a day before tomorrows big Labor Department report on august jobs numbers. Cheryl president obama but in st. Petersburg, russia, the possibility of u. S. Strikes and syria is dominating that meeting. Strongly opposing any u. S. Action. European Central Bank President says he is ready to act if necessary to keep Interest Rates low and maintain the economic recovery. The bank leaving its key Interest Rate unchanged, 45 percent. Cheryl and higher after announcing a deal to buy bushnell group. The Worlds Largest ammunition maker. David also the worlds biggest airline, united air, taking back all of the remaining pilots who were on furlough, nearly 600 of them, addressing future staffing needs. A busy day. After the bell starts right now. And lets get right to todays action. Chief investment officer. And in the pits of the cme. I want to start with you and Interest Rates. I said earlier that they are popping in anticipation of the fed tapering. Did i get it right . That is absolutely right. The market has been on the anticipation since the beginning of the summer. You can see it. Straight down in terms of price. Straight up in terms of yield. Really no pullback which is surprising given the macro economic. It will be interesting to see how the uptick in volume, the personnel, up ten to 20 . More interest. More interest both in terms of what happens after we move through that 3 percent level and what happens on the back of the perils tomorrow morning. Cheryl this is a big story, but how is it impacting the bond markets, treasurys that we saw today . Obviously people think that the fed the market may be getting ahead of the fed. It would not surprise me if the comments when they do come out and announce the tapir, they are thinking that they may be behind the market. We have seen a move of 140 basis points. I think we have discounted more than half of any potential normalization. David lets just assume for the momentum that the jobs numbers are not that great tomorrow and the fed does not taper or decides not to as a result of that. Are we going to see at tanking in the rates on interest . I dont think so. The market is telling us that beyond the expectation the economy is getting stronger. That is the message that has been drowned out by all of the talk about what the fed might be doing. A bank credit is starting to go a little bit faster on a monthtomonth basis. We saw yesterday the article about jumbo Mortgage Rates falling below the fannie mae rate which tells me that the demand for bank credit and the willingness of banks to lend is rising as the demand for credit comes back. Cheryl yet this could all change when the fed does make their policy decision next week, and we have had some analysts come on and say they are starting to pull back their expectations. It could be as little as 5 billion. How does the market react in your opinion if that is the number we get . Well, i think charlie is right. The market has gotten ahead of the fed in terms of its expectation. Whether or not the Economic Data that we have seen, and it looks fairly positive, actually being on this gated by the tilts, the excess of monetary policy. And it works like this. You look at the irs and number today, what to most wealthy people buy . Services and lots of them. The biggest benefactor . It is of the people. So when you go and look at that equation you have to be careful about what parts of the economy are actually doing better and how much and how permanent that demand for credit is and whether or not there is a sustainable growth, not only in jobs, but more importantly in income that actually fuels longer term sustainable consumption and more importantly, savings that puts the economy on a much healthier longer term low. David those the numbers, the job numbers used to be a very simple thing. You look at it overall. Picking it apart and parsing it. What specifically are you going to look at in terms of the jobs number . You have the overall jobs number, the Unemployment Rate, labor participation, parttime jobs versus fulltime jobs. What number will jump out at you . The hourly wage number. We have not seen any strength there yet. That would be right on trend. Really have yet to see any growth in wages. That will be the number we watch most closely because that is the number of the pack fed is paying very close attention to. Cheryl what sector are you playing right now . For those that are still interested in stocks, what you like right now . Bay into aerospace as well. Air traffic continues to grow at high singledigit rates. Even throughout the financial crisis and recession it was positive. Boeing, honeywell, parker as far as part suppliers. We think aerospace as a whole lot of runway. Demand for commercial aircraft in china is going to be growing steadily. It is our estimation that aerospace has a lot of runway, even if the economy does not perform all that well. David you said something fascinating. The most important number is hourly wages, whether they go up or down. And he says that is going to indicate what the fed might do. Do you agree . Absolutely. That was my comment earlier. The important piece of this equation has nothing to do with jobs but wages. He just said particularly, other parts of the u. S. Internationally oriented equity complex, the biggest is coming from the emerging market. Actually, the real organic growth over the last five or ten years will come out of the emerging economy. It would show little sloppy and messy and they have underperformed the developing companies, but investors are really looking for value, maybe they should look in that neighborhood. David i dont know. Hard to get any cheaper than argentina right now. Some people i sang that has just about bottoms. Hourly wages. Everyone focus on hourly wages. Both guests say that is the number to watch. We will be checking back with you in a couple of minutes. Cheryl well, the war in syria and the possibility of u. S. Intervention. With the president win over opponents . We you will go live to washington. David plus, the yield on u. S. Treasuries jump to a 25month highs just below 3 . Will the fed begin tapering later this month . How can you protect your portfolio . Also, we want to hear from you. What can you expect for tomorrows jobs report . Long gone. Up or down . Your answers coming later this hour. It. [ male announcer] surprise youre having triplets. [ babies crying ] surprise your house was built on an ancient burial ground. [ ghosts moaning ] surprise your car needs a new transmission. [ coyote howls ] how about no more surprises . Now you can get all the online Trading Tools you need without any surprise fees. Its not rocket science. Its just common sense. From td ameritrade. Its just common sense. At od, whatever business youre in, thats the business were in. With Premium Service like one of the best ontime delivery records and a low claims ratio, we do whatever it takes to make your business our business. Od. Helping the world keep promises. But chantix helped me do it. I told my doctor i think im. Im ready. 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Use caution when driving or operating machinery. Common side effects include nausea, trouble sleeping and unusual dreams if i could describe being a nonsmoker, i would say awesome. [ male announcer ] ask your doctor if chantix is right for you. David shares of the clothing retailer are getting a boost following Third Quarter earnings lets head back to nicole on the floor of the new york stock exchange. Reporter well, the last go around was not as good. People were concerned because they spend so much time doing Promotional Items. A lot of concern. This latest set of numbers looks a lot better. And as a result, you are seeing the start popping. The company itself says the product mix has not been spot on. But total sales of showing yearoveryear increases. This is the last point. The chief executive noted that sales of non Promotional Items increased. Potential to represent a larger portion. If you continue to discount and discount and discount, what kind of margins are you making . Things are looking better. Thats where they make the most money. David thank you very much. Cheryl well, the futures are closing. Lets head back and bring in sandra smith. See you. What stood out to you . The fact that this market is in a complete standstill. The big jobs report. An equity market that is basically finishing flat. Gold prices selling off. That safehaven demand has been diminishing. Oil prices are up. Can the yield on a ten year is almost a 3 . This is a market that is pricing out risk ahead of the jobs report in a complete waitandsee. David lets pull back for a second. The fed is buying mortgage bonds in order to keep Interest Rates low. Interest rates have been spiking. Could they be stupid steep enough that it decides not to taper even if the jobs number is good . I dont think so. The scenario that sandra just laid out as the right one. That imbalance between macro risk factors and geopolitical events and the data that actually looks okay. It does not look great. We are not accelerating into the gdp environment, but we are drowning. The risk of something happening seems to me pretty high. The rest of the jobs number coming in also seems pretty high. David i have to stop you there. What are they screaming about behind you . They are just gearing up ahead of tomorrow. Cheryl really quick. The gold contract. The gold miners taking a big hit on the equities side because gold is hitting levels we have not seen. Is that safety play over . Says south they came out and downgraded the industry. This is a market that obviously is telling us that they want to see what tomorrow is all about. Anticipating what the next move will be. They put syria on the back burner, but theyre is a lot to digest. Nobody wants to be long. No one wants to be short. A little bit of a run away from the flight to safety trade. Cheryl thank you. Appreciated. David well, the summit is under way. President obama, of course, facing strong resistance. The chinese are in. Cheryl the president of some leading opposition on capitol hill. Rich edson joins us from washington d. C. At that she told the summit in st. Petersburg. To you first. Well, syria is not even on the official agenda. The president is working on the margin of the summit trying to get support for a military strike. It could change the calculus about using chemical weapons again. As you point out, he is swimming against the tide. Chinese officials warn more violence and syria could have an impact on the global economy. The pope sent a letter urging the leaders here to lay aside the futile pursuit of a military solution. The russian president greeted mr. Obama with a smile but refused to give an inch. Blaming the chemical weapons attack on syrian rebels. Line about the presence of extremists. Secretary carias, as you all know, a decorated combat veteran. More than words and bit him. So he is not losing sleep after such a preposterous, and that was based on an inaccurate. President obamas said yesterday the socalled reset has achieved some things. Most notably the new start treaty. He admitted that it has now hit a wall, and those are his words. He canceled the trip to california. He will stick around, washington lobbying lawmakers. Cheryl all right. Thank you. David meanwhile, u. S. Congressional leaders also debating military intervention in syria. Well, lawmakers are largely undecided. They may support the president s request. It is up tsell intervention in o the rest of congress. Administration officials are Briefing Members of the house and senate. The california constituents are overwhelmingly against military action in syria, but she supports the president. Once the Administration Made this call i think there is a real need for us to back it up. Or america becomes a paper tiger. The Senate ForeignRelations Committee has already advanced up resolution granting the president limited authority to attack syria. Under this plan he could have 60 days to conduct military operations and then authorize an additional 30 days. The full Senate Considers the proposal on monday. The house also returns to consider the president s request delaying debate on government funding in the debt ceiling. David out of the vacation and into the fire. Cheryl the big jobs report is less than 24 hours away. Is the american jobs machine humming or stuttering . We will get a reality check. David Interest Rates are surging. Ben bernanke and fed policymakers getting ready for the big decision on whether not to taper asset purchases. How can you protect your portfolio with a higher interestrate . Higher Interest Rate portfolio plans. You dont want to miss this. They are changing. We will tell you coming down. Thank you orville and wilbur. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. Cheryl time for a quick speed read of some of the days other headlines. Five stories, one minute. Pershing square lost over three and a half percent in august. Barely positive showing less than a half percent gain. Listeners to pandoras online Radio Service last month, over 1 billion, up 16 percent compared to one year ago. Topping facebook and youtube as the most popular smart phone application. Google maps has 54 percent of the global smart phone population. Social network ramping up with a premium subscription service. The new service will allow users to access all of the stickers and filters for 1499 per year. Madison square garden is paying 125 million to create a new jointventure, managed artists, Music Publishing rights and marketing and tv production. That is the speed read. David good work. As you notice, yields on u. S. Treasuries jumping to 25month highs after a strong report in the u. S. Services sector triggered another round of selling. Rates continued to climb. How can you protect your portfolio . Joining me now, we need is a vice now more than ever. How high you think rates will go . It depends. Right now rates are going up my anyway. Its an interesting little giveandtake. They want to project this idea of Economic Growth and stability. Hopefully things will be good. The market is acting differently right now things are at three. They could considerably go higher even without any move from the fed. David has the fed lost control of the rates . Are they going up right now because they suspect were going to have a good job number . Trying to get ahead. I think thats it. That raises an interesting question. I think right now we have seen a bunch of data that is highly encouraging. Rates are going to rise. If the fed decides that it does not want to actually tighten policy you have the market saying one thing and the fed saying another which is a dangerous position. Maybe the market corrects. If the fed says rates should not go up, they want. The scenario. It. David we are looking at the chart right now. That is a scary chart. Obviously 3 percent is not as scary number. But when you look at increase, the rate of increase. If it doubles again, were going to have higher rates one way or the other. In a 96 . How do you prepare . If you own bonds duration right now, you just, you know, pay to own a bond and get your interest, thats fine. Mortgage on their house, fix the interest. If youre in a bond fund you have to remember that they keep rolling. If you look at the chart from may to july, the rate for the 10year went from 2 to roughly 3 . When the rates went up only 1 . If youre only getting three or 4 percent and come returns but capital disappears as rates go up, well, you need to protect yourself. Its important to remember that they are treating these. You run the risk of losing capital. The actual capitol, investment bonds. David hold on to the bonds that you have that are giving you dividends. What about buying new bonds . Obviously stay away from longterm. That is a given. Do you buy into shortterm bonds . There is always a tradeoff. Your portfolio is a makes. I would never advocate moving everything. Yield is not as big. What you do is protect yourself against the loss of capital. You may be one to rotate part of your portfolio. The income is not as good, but you wont take it once rates rise. David how short . Where looking at one to three year treasuries. Well, it depends how much you can give up on the income. In that kind of take it. You can afford to make 1 or less. Its a balancing act versus loss of capital and income. David you want to diversify. You say you obviously dont want all bonds. There are some stocks that kind of act like bonds. Thats right. Diversified portfolio for income. Now was a decent time to consider a dividend type stocks. David for example . Well, we want to look get some of the big telecoms. Things are not so grand. Again, if youre going to lose capitol, the devil you know maybe better of the devil you dont know. The need to think about this as an investor. There is in come out there beyond just bonds. And i will also cautioned people. These are not the fixes you make for the next ten years. Rates to change. You can always reassess. It behooves you to do some maintenance on your portfolio. David and some people, as we know, chasing yields and will go to junk bonds. You say no way. Dont touch them. Well, just because in a high rate environment, the Top Companies that are out there to my hundred million dollars, 67 percent, thats pretty hard to make. What if the service gets to be like tall . Much harder to make in the default rates will go higher. People fell in love with john bonds because its not like a 6 debt service payments. Its a lot harder to make a higher payment once rates rise. People need to remember that. The burden on the companies that are embattled, i have to pay high yields. They cant get a lower rate. It will become even harder to achieve that kind of balance between on the bubble financing. David in a market that is completely uncertain, one thing that is certain is rates are going up. In just a hint of some solutions. Thank you. Kendis see you again. Cheryl welcome as we have been talking about, tomorrows jobs report, whether it will taper asset purchases. Next we will find out just how strong or weak the payroll data is likely to be. David also, of a cofounder, an entrepreneur who has built 3 billion companies, three of them. He will tell us a few things. A next big thing in a jobs market that is continuing to hire bigtime. But to you in a moment. Cheryl and my mother made the best toffee in the world. Its delicus. So now weve turned her toffee into a business. My goal was to take anan idea and make it happen. Im janet long and i formed my Toffee Company through legalzoom. Never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. Go to legalzoom. Com today and make your business dream a reality. At legalzoom. Com we put the law on your side. David time for a look at todays market drivers. Stocks posting modest gains, very modest, with all three major indices ending higher but barely so for the third day in a row. Telecom and utilities lagged as treasury yields rose dramatically. Materials and industrials were todays Top Performing sectors. Private sector jobs increased by 176,000 in august according to adp employment report. The report fell short of economist expectations of 180,000 new jobs. Services industries expanded at the fastest pace in eight years in august as a pickup in demand encouraged companies to hire. Institute for supply management nonmanufacturing index rose to 58. 6 from 56 the previous month. Cheryl . Cheryl todays jobs reports were a mixed bag while initial jobless claims fell, adp said the private sector added fewest jobs since the month of may. David what does it mean for tomorrows crucial jobs numbers and the impact on the Federal Reserve . We have ihs chief economy. Nariman behravesh. Great to see you again. Thank you. David if jobs numbers dont meet expectations or, lets put a positive. If it does meet expectations do you have any doubt that the fed will taper . Well if the expectations are, what between 170 and 180 david right. Then i doubt very much that the fed tapers in sent. David really . In particular, yeah. We expect the Unemployment Rate to actually edge up a notch to, because the, because as you remember, last month it went down because of a drop in the labor force. That is going to bounce back. In fact well get the unemployment probably going back up at least a tick. So i think that will put the fed on hold for at least this, the september meeting. Our best guess they will start tapering in september. Cheryl that is interesting. One of the fed officials, i believe it was yesterday, kind of came out and made a comement we were covering in desee, by end of the year the decision to taper is a good one. Your conclusion might be correct how theyre thinking. At the same time going up a tick on the percentage level, the feds kind of backed themselves in a corner. They have all been in front of microphones the last month or some dont you think if they taper it will be a small tiny bit to save face if you will or is the fed not thinking that way . I think the markets expect it will be data driven. So if indeed the, you know the employment numbers are either at expectations or below, in particular if the Unemployment Rate edges up, it gives them an out. Basically they can say, well, we need a little more evidence on the labor markets. Im not sure they look that bad if they wait until december. David lets talk about one data point which is parttime jobs t has been very bettersome in the past six months. In 2013, only one fulltime job is being created for every four parttime jobs. That is according to the Labor Department statistics. That compares in 2012 to six fulltime jobs created for each parttime job. These numbers are very, very troublesome. Do you think the fed will them into consideration . I dont doubt that for a minute and as you probably know there are two things playing here. One obviously is uncertainty about the economy which is still out there. The other is the uncertainty of the impact if you will of obamacare and so, the big question and uncertainty is, how much of that is affecting these kind of numbers . So undoubtedly the fed will take those into consideration as they think about this. David uncertainty about obamacare or is it the certainty eventually employers will have to pay more for their fulltime employees . I should have been clearer. I think uncertainty about the magnitude of the impact. David gotcha. Not whether it is happening but how big it is. Cheryl nariman, one thing many economists and fed im looking at the majority of jobs created are Service Sector jobs. These are bartending jobs, waitress jobs. Is that enough for the overall economy and does the fed take that into consideration . The good news not all the Service Sector jobs are kind of jobs youre talking about. Software developers. Theyre in the Service Sector. You have consultants, business consultants, ma concernssies of this world theyre in the Service Sector. Cheryl david mentioned this earlier but the hourly wages data that we track shows that, there is no wage growth and that does kind of belie to the fact that most of the jobs being created unfortunately are lowerpaying job. Even construction didnt build in todays adp report which surprised many including me. When youve got 7. 5 inflation plus or minus he will continue to see, what we call wage decompression or compression i guess is the way to say it, in the sense there will be downward pressure on wages. Some is just the fact there is so much slack in the labor market but some of it is, i think youre right, a lot of jobs being created are low skilled jobs right now. So thats a problem. David by the way, if you are right and if in fact the fed does not taper. What happens to Interest Rates . Do they come back down . Because theyre anticipating a tapering. I was listening to your earlier conversation. We are, our view is that the markets have overreacted and based on fundamentals, long bond yield, say 10year bond yield ought to be 30 to 50 basis points lower than it is now. David interesting. Once the fed does or if it doesnt you could see a bit of a correction there. Cheryl nariman behravesh. Thank you. David wonderful stuff, nariman. Thank you. Google bought double check. Remember that . For 3. 1 billion, with a b. In a moment well talk to doubleclicks cofounder, one of the guys who cashed in on that about the next big wave of Technology Jobs and why big data is so important part of it. Cheryl and the nfl season officially kicks off tonight with a new emphasis on safety. Were going to be going to illinois for a look at a company on the cuttingedge of the latest technology to protect players. At od, whatever business youre in, thats the business were in. With Premium Service like one of the best ontime delivery records and a low claims ratio, we do whatever it takes to make your business our business. Od. Helping the world keep promises. I have a great fit with my dentures. I love kiwis. Ive always had that issue with the seeds getting under my denture. Super poligrip free it creates a seal of the dentures in my mouth. Even wellfitting dentures let in food particles. Super poligrip is zinc free. With just a few dabs, its clinically proven to seal out more food particles so youre more comfortable and confident while you eat. Super poligrip free made the kiwi an enjoyable experience. [ charlie ] try zinc free super poligrip. David todays adp report showing the private sector adding 176,000 jobs in august. The weekly jobless claims continuing declining. It is a fair report but things still obviously are not booming, except for one sector which cant get enough applicants. Cheryl you know what this is. Joining us is the mongo cofounder and cofounder of doubleclick which google bought back in waited for 3. 1 billion. Oh, he also found the guild group. A lot of cred for that introduction. We always hear it is engineers. Is there more to the Technology Sector and hiring than just engineers right now . Yeah. I think you have, it is more because while, engineers are hard to find right now, because there is so much demand relative to supply, at a technology company, you also have sales and marketing and finance and all of these other functions. So you may have two other employees per tech person or make onetoone or two to one or Something Like that. It drives, potentially drives job growth in a lost functions. David let me give you a hypothetical. Just suppose, suppose i have a daughter or a son who is about 21 years of age. Cheryl just suppose. David just suppose and theyre saying, gee, dad i know the job market is tough. What if i told them to go into Computer Sciences would they be pretty much guaranteed a job in two years . When they graduate, i would say yes. So david that is by the way, you got your bs in Computer Engineering or Something Like that. Yes, that is exactly right. So, i think absolutely. You know, you have in that function right now full employment. In fact david full employment in Computer Sciences . I think so. Im not an economist but its very hard to find people and david thats what you do. Youre always looking for people. Right. If you want the technology kind of sector of the economy in u. S. To grow i think we actually need more engineers. Cheryl and other side, technology is amazing. It certainly changed all of our lives. Were addicted to the smartphones and things like that but at the same time, with technology and Manufacturing Sector has come fewer jobs because robotic, even in gms plants, for example, they may be building overall, growing overall but theyre not, theyre not adding the same amount of jobs they were because of robotics, mechanizing of the plant for instance. Is that the downside do you think to the Technology Sector and hiring . Well, its a mix and in a sense it is what it is because if we dont innovate others will. So, Car Companies in rest of the world use that stuff and their productivity will go up and costs will go down and theirs cars will be cheaper. Online shopping. Guild group. Regardless whether it is good or bad and i think it is good, thats going to happen. So what do you do if you want to grow . I think areas, big area you can get growth in an economy would be the tech sector including Information Technology and big data and databases which is what im working right now. David but even businesses that are hiring, like yours, and god bless you, that is great news, you just hired 30 people a month weekly. In a week. In one week. David holy cow were not gigantic yet. David even you have to pay higher costs. You have to pay higher taxes. Youre in the west village here in new york. Tax rates in new york are astronomical particularly for noncorporate entities and you havent done an ipo yet. How do you pay for the specific costs . Particularly obamacare, we talked early they are hour is obamacare, that has to be hurting your ability to hire new people . Biggest challenging hiring new people is actually just supply, right . We need, we need a lot of engineers. So if we have more graduates from college, if we had, if there were more h1b visas, there is relatively modest number, especially if theyre targeted at areas where employment is really good. So feels more natural then, i think all that would help. On health care im not really an expert on it. It feels like every business i worked for it has gotten more and more expensive over time, both pre and postobama. Im not sure exactly what to make out of that without drilling down on it. Cheryl dwight, i cant wait to see how your next project does and evolves especially after doubleclick and gilt group. These are major companies. Im working my time on mondo technologies. We hired 30 people in one week. David 30 people in one week. By the way are you going to issue an ipo one of these days . Eventually. Database Software Market is pretty big market. It is growing. It would be hard eventually not to be if were successful. Cheryl thank you, dwight. David congratulations on your success and growth. Good stuff. Cheryl all right. The hunger games movie franchise is a huge hollywood Success Story and the next film is just a couple of months away. In a moment well tell you how this new hunger games movie could fire up fashionistas as well as movie fans. David i loved the movie not necessarily the fashion that go with it. With the kickoff of the new nfl season tonight well go to illinois to hear about the latest technology to protect players from injury. Our own jeff flock is with a Company Behind some of the new innovations. You may not like the rules but you will like the materials that protect players. Details next. Thank you orville and wilbur. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. Cheryl the nfl football season kick off tonight with the Baltimore Ravens taking on the denver broncos. Every player on the field will bewaring required knee and thigh pads. This is not an option. David no, its not. A lost rules people are queasy about it because sometimes theres a little bit too much nanny state going on but we want the players be protected. At least have proper gear. Jeff flock joining us live from wood bridge, illinois with more on the very latest protective gear. Jeff . This is one of the pads of choice, david. This is asking with new patented Hex Technology from a Company Called mcdavid. It competes with the big boys. Mcdavid is on name on the shirt, your drivers license, bob mcdavid. Tell me about the Hex Technology. Why do players in the nfl love this . They love it because it is breathable, it is conformable, stretchable and very lightweight. Competing with some other Big Companies out there like nike and under armour. Show me how this works. You will show me how this process works. You compete with the big boys but a lot of nfl players choose your pads. Well i think they ours over the years theyre very familiar with it. They have been wearing it for years. What the equipment managers really like about it how durable it is. I was going to say it lasts and the fact that it moves, look at these little honeycombs. And bob, this is proprietary technology. It is not a single pad like the old pad used to be, right . Right. Up to hundreds of separate pads. And that is the secret to it. They can move individually so they conform to your body and theyre very comfortable. I want to show people what that looks like. Look at stocks of some of your competitors out there. You know, sometimes the nfl doesnt even let you put your logo on things because no. Because the nfl and the, and the nba for example, have contracts that dont allow that but youre whats underneath there . We say first on, last off. First product they put on and last product they take off. This is some of the thigh pads were talking about that are mandated, right . Correct. That is one of the thigh pads, guys, that theoretically will keep you from, well, deep bruises . Right, it reduces injury. We have several different thicknesses. This is one of them. This is probably the most popular in the nfl. Bob mcdavid, whose partner started in your mothers basement . Thats correct. 33 years ago. 1980. Weve been around quite a while. And making them, a lot although there is some manufacturing overseas, a lot of it made outside of chicago. You see people all over here. Good stuff. You can use this on the subway if you need to. Cheryl i could use this in new york city. Jeff flock. David the inspiration you find in basements. Incredible. Thanks a lot, jeff. Appreciate it. It might be the scariest Job Interview ever what would you do put believed you were watching a meteor crash in your city right in the middle of that interview . Thats what guy did. Cheryl i did that, yeah. This is the age of knowing what youre made of. So why let erectile dysfunction get in your way . [ gears whirring ] talk to your doctor about viagra. 20 million men already have. Ask your doctor if your heart is healthy enough for sex. Do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. Side effects include headache, flushing, upset stomach, and abnormal vision. To avoid longterm injury, seek immediate medical help for an erection lasting more than four hours. Stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. [ cellphone beeps ] this is the age taking action. Viagra. Talk to your doctor. This is the age taking action. announcer at scottrade, our cexactly how they want. T with scottrades online banking, i get one view of my bank and brokerage accounts with one login. To easily move my money when i need to. Plus, when i call my local scottrade office, i can talk to someone who knows how i trade. Because i dont trade like everim with scottrade. Me. announcer scottrade. Awarded fivestars from smartmoney magazine. David lets go off the desk. To start with, my Favorite Movie of all, maybe not of all time, but certainly modern times, lions gate struck a deal with upscale Online Fashion retailer to sell a line of Clothing Accessories and Leather Goods inspired by the new hunger games film called, catching fire. They will, has 60 pease. I cant see the collection but i will definitely see the movie. Cheryl im with you. Off the desk, could this be the worlds scariest Job Interview. Lg electronicses release ad commercial in chile of terrified potential job applicants who believe ad massive meteor was crashing through a window. That window though was actually an ultrahighdefinition tv. They created to promote lg ultrahd david unbelievable. Unbelievable. Tomorrow of course it is all about the jobs report. What will it be. How will it affect the fed. Eventually how will all that affect Interest Rates . Well watch from stem to stern. 8 30 a. M. Tomorrow. Cheryl money with Melissa Francis now. Im Melissa Francis and heres whats money tonight. Rumble at the g20 summit. Global opposition grows against the u. S. Strike on syria. The growing brutality of rebel groups raising all new problems. Is the u. S. About to empower people even worse than assad . Plus would you want this job . From microsoft to jcpenney. Nearly 20 Big Companies are looking for a ceo. Which gig will end in disaster and which could turn out to be the ultimate dream job . We have an allstar panel to weigh in. Who made money today . He was pushed out of the company he founded but he made a mint off it today. Stay tuned to find out who it is. Even when they say its not it is always about