About asking for a raise, now may be the time. Todays employment report showed a pickup in average Hourly Earnings, as businesses raise pay in order to attract a smaller pool of available workers. According to the Labor Department, the economy added 161,000 jobs last month. The Unemployment Rate ticked lower to 4. 9 . Average Hourly Earnings rose. 4 to the fastest annual pace since the end of the great recession. Hampton pearson has more on the last jobs report before the election, and what it may mean for wall street, main street and the fed. Reporter there was an october surprise in the final jobs report before the president ial election. A pay raise for american workers. In the last 12 months, average Hourly Earnings up 2. 8 to just under 26 an hour. The biggest pay raise in seven years, according to the Labor Department. The workers have been looking for a meaningful raise for quite some time. They deserve that raise. And were seeing this sustained evidence theyre getting it. Reporter october hiring led by 43,000 new hires in professional and business services. Which includes mostly higherpaying jobs in engineering, accounting and information technology. Health care also continues to be an engine of job growth, adding 39,000 new workers. The Unemployment Rate dipped to 4. 9 . The biggest disappointment, manufacturing. Which cut 9,000 jobs last month, and more than 50,000 in the past year. Were Getting Service employment, but not manufacturing employment. Were getting the lowerpaid wages rather than the higherpaying Wage Industries hiring. Reporter the combination of job growth with higher wages and signs of increased consumer suspending could trigger the boost in inflation the fed has been looking for. I think if all of the inflation pressure we get comes from wages, its a great thing, solid thing for the u. S. Economy, and companies have plenty of margin, you know, room in their margins to absorb slightly higher wages and especially if it leads to greater consumption. Reporter most fed watchers say todays job report increases the odds for a rate hike in december. The biggest remaining x factor, Market Reaction to the outcome of the president ial election. For nightly business report, im Hampton Pearson in washington. And speaking of the fed reaction today, two Federal Reserve officials commented on the labor market. Vice chair Stanley Fisher said the economy is close to full employment and raised the possibility that the fed could overshoot its 2 inflation target. Separately, the president of the atlanta fed said the bar is now high for the central bank not to increase Interest Rates in december. So lets turn now to dean macke for more analysis on todays jobs report and what he thinks it may mean for the fed. He is chief economist at. 72 asset management. Dean, nice to have you here. Welcome. Thank you. Lets start, first of all, with your analysis of the report. I noticed there were upward revisions in two prius reports, which strengthens those certainly. All in all, it seems to look pretty good. Thats right. The job gains are relatively steady. Theyre at 175,000 on average over the past three months. Thats more than enough to keep pushing the Unemployment Rate down. That will please the fed. And what were finally seeing is that fall in the Unemployment Rate is leading to substantial wage gains. And so this is exactly what the fed has been looking to happen. And i do think this keeps the fed on track for a hike in december. How material is the drop in the Labor Force Participation rate . In other words, you can have a falling Unemployment Rate if jobs go up, or if Labor Force Participation goes down. Well, the Labor Force Participation rates been trending down for quite some time now. And thats mainly being driven by demographics. The population getting older, more people retiring. Thats going to continue for another decade or so. So i think that the up or down monthtomonth is less important than that trend. The trend is actually slightly up over the past year, as some people have come back into the labor market. But i think the Unemployment Rate means what it usually does. And thats why were seeing wage gains pick up. There are those who say, though, there are a lot of disenfranchised workers who have left the labor force, and therefore they are not counted. And then that could skew the number. There certainly are those people out there. But what the numbers tell us is that the vast majority of people that are not working are those who say they do not want a job at this point. Most of those people are retired. Or doing other things. So theres i dont think there is this large pull of people ready to jump back into the labor market the minute wage gains pick up. Its interesting. I have thought about this a lot. Being a baby boomer on the cusp of the age where some people retire, im not retiring a long time, dean. But ive thought that Labor Force Participation was being pushed by people leaving voluntarily, because they were retiring. One of the fed governors said that the bar is kind of curious low accuse here, the bar not raising Interest Rates, basically means were going to raise Interest Rates. Do you see it that way for december . That is very likely. I think the only thing that could knock the fed off course were if the results of the election, for example, led to a lot of market uncertainty, a lot markets in chaos. That kind of environment, the fed doesnt particularly want to raise rates into. If the data stay where they are, the markets are doing okay, then the fed almost certainly will raise rates in december. All right, dean. Thank you so much. Have a great weekend. Dean macke with. 72 asset management. The Trucking Industry is one part of the economy that is not creating jobs. And experts are paying close attention to whats happening in this enormous and vital sector. Morgan brennan has more. Reporter u. P. S. And fedex cant hire enough workers for the holiday season. Its another story for the companies hauling freight. The Labor Department reporting the Manufacturing Sector shed 9,000 jobs in october. Including several thousand in transportation equipment. Its the latest sign the freight slump isnt letting up and comes as demand continues to plunge for new trucks. Market forecasts says october orders for tractortrailer trucks tumbled nearly 50 from a year earlier, extending a monthlong route of the weakest activity since the recession. The orders we saw in october, the just below 14,000 unit orders was particularly weak when we seasonally adjusted as october is typically the first month of the peak order season. After strong 2014 trucking needs ordered new vehicles that never quite materialized as Commodity Prices and manufacturing nose dived. That led to too many vehicles on the road and just as broader Economic Growth slowed. But this is typically the busy time. When trucking executives assess their fleets and place orders for the upcoming year. Instead, the biggest firms, including warner and swiss transportation has been pulling trucks, hundreds of them, off the road. While act research expects to see some modest improvement in 2016s final two months, it still doesnt bode well for next year. We certainly havent seen any indications that frayed is coming back around, and i think for improved frustraeight we re need to see better commodity pricing which is driving the machinery sector. The number of widgets that have to be moved when building big machines generates a lot of freight that the truckers are hauling. The slump is also affecting earnings. This week, transmission forecasts and cummins told analyst the engine maker is hearing from, quote, lots and lots of fleets theyre delaying purchases. With nearly 70 of goods in the u. S. Moved in its way, trucking activity is considered a leading indicator of u. S. Economic growth. Making reports like these all the more pressing. For nightly business report, im morgan brennan. On wall street, stocks slumped into the close. Dragging the s p 500 to its ninth consecutive decline. Thats the indexs longest losing streak in 36 years and it was a down day all around on continued uncertainty surrounding the upcoming president ial election. So when all was said and done, the Dow Jones Industrial average lost 42 points to 17,888. The nasdaq was off 12, and the s p 500 fell three. For the week, all of the major indexes fell. Wells fargo sales scandal could extend to its brokerage unit known as wells fargo advise advisers. In a letter to the bank ceo, three senators questioned the companys disclosures about the dismissal of workers from that you want unit. So far, wells has said the problem is isolated in its Retail Banking business. Drug makers are feeling the heat. Two senior lawmakers sent a letter to the Justice Department requesting an investigation into possible collusion. This follows a report we told you about yesterday of a probe into price fixing at a number of generic drugmakers. Meg tirrell has more. Reporter senator Bernie Sanders and congressman Elijah Cummings are asking u. S. Regulators to investigate whether makers of insulin colluded on pricing. Were early in the pricing debates. There have been more than 500 drugs that have raised the price more than 15 so far this year. There are a lot of them. And clearly, anyone who is raising price too much, that should be something that people look into and have some sort of say in that. Secondly, if you have collusion, everyone agrees. If there is known collusion, go after it. Reporter sanders and cummings highlight four companies in their letter to u. S. Attorney general loretta lynch. All makers of drugs for diabetics. A triple in the price of insulin from 231 to 736 per year for each patient. They also note identical increases for drugs like atlantis rising 13 times since 2009. They write, we are concerned the potential coordination by these drug makers may not simply be a case of shadow pricing, but may indicate possible collusion. And we believe this egregious behavior warrants a thorough investigation. The drug makers disagree, all saying in statements, they set prices independently. In compliance with the law. Merck pointed out, it doesnt even make insulin. And all four point to discounts on their drugs keeping actual prices lower. A familiar theme as Drug Companies try to shine the light on the rest of the system. Specifically on pharmacy benefits managers, or pbms, which negotiate those discounts. Everyone is asking for more transparency. And if there is going to be more transparency, one of the places it has to come up is with the pbms. Industry watchers say regardless who wins, the political focus on drug prices will continue. For nightly business report, im meg tirrell. Still ahead, finding opportunity. A fivestar fund manager who is outperforming the market will tell you which stocks he likes right now. Samsung is recalling nearly 3 million toploading washing machines following reports of injuries. The Consumer ProductSafety Commission said the top part of the machine can detach from the chassis during use. There have been reports of more than 700 excessive vibrations, and nine reports of injuries, including a broken jaw. The Company Recently sued by customers who allege their machines explode during normal use. This follows the recall of 2. 5 million Samsung Galaxy note 7 smartphones. Chinas wanda Production Company plans to buy Dick Clark Productions for 1 billion. This marks the first move into tv production, and as we have reported, it follows a big push by the chinese conglomerate into hollywood. The group is run by chinas richest man, and opens the amc theatres, Legendary EntertainmentProduction Company, and recently announced a partnership with sony. The market for competitive gaming is growing rapidly, and active visions blizzard is making a creation of a professional Esports League. And as Julia Boorstin reports, its getting the attention of some nfl owners. Reporter active vision blizzards overwatched game has been a runaway success since it launched in may. More than 20 million players around the world. And now the gamemaker is making a move to tap into growing demand for esports. Creating a Gaming League for overwatch, selling franchise teams to compete in that league, starting next year. Active vision has several titles very wellsuited for esports. And now theyre going to be able to take advantage of that by creating an Esports League offering broadcast rights and advertising, as well as creating more revenue from ingame purchases. Believe it or not, people are going to be buying jerseys and other virtual goods. Reporter active visions overwatched teams are drawing a range of interests, including from traditional sports team owners. Patriots owner, robert kraft and rams owner, stan kroenke, among those who attended the presentation to Prospective Team owners today. Welcome to blizzcon 2016. The presentation about the new league held at blizzcon, active visions annual convention that drew a soldout crowd of 25,000 gamers and another 10million plus people streaming online and watching the esports competition under way. New zoo says esports has nearly 150 million fans, with nearly as many occasional viewers. As this multibillion dollar business in the making is starting to steal viewership, away from traditional sports viewing. And activision is particularly wellpositioned. Esports is critical for activision in the sense that its a way for them to generate significant incremental revenue. So our estimate is that theyre going to generate potentially as much as 300 million or more in revenue over the next few years. Its an area where activision has been investing, buying Major League Gaming in january to live stream tournaments, like a september call of duty championship, as if it were a traditional sport. To try to build a business at the same scale. For nightly business report, im Julia Boorstin in los angeles. Medicare helps humana top estimates, and that is where we begin tonights market focus. A Health Insurer said an uptick in membership lifted profit and revenue above expectations, a unit that sells plans to the elderly and people with disabilities. Shares finished up better than 1 to 167. 42. Regeneron Pharmaceuticals Posted a higher than expected profit thanks to sales of its cholesterol medication and lower tax bill. The Biotech Company also saw a revenue increase, but those results were shy of estimates. Shares rose more than 1. 5 to 341. 39. And allaire said its medical equipment unit has its medicare enrollment revoked following findings that the unit submitted claims for deceased patients. Medicare doesnt like that. The company is appealing the decision. Separately, they posted weaker than expected earnings. Allaire fell 14. 5 to 36. 10. The analytics company, nielson, be said its previously released data regarding cable viewer estimates for the month of november was accurate. Included in those estimates was cable channel espn, which saw a viewership decline of more than 600,000, the worst performance in that networks history. Disney disagrees, telling cnbc, the data is, quote, an anomaly, and inconsistent with other respected third party analysts. Disney fell to 92. 35. Diagnosis and Berkshire Hathaway results being helped in the conglomerates energy divisions. Net income saw a decline. The shares fell slightly. They finished down fractionally to 214,545. And now to our market monitor, who has some names he says you might want to own if youre worried about stock market volatility. This is his first time joining us on the program. Hes allen bond, the topperforming manager of the jenson quality growth fund. It is up nearly 8 this year. Allan, welcome. Good to have you with us. Lets begin with this pesky losing streak were in the midst of, with the s p and the other market averages. Is this the start of something bigger, worser . Well, it certainly is unprecedented for a long time. This is the first time in 30 years that we have seen the market sell off for eight Straight Days and probably some election uncertainty in there. The election is obviously tightening. The question for us, is stock pickers, what kind of stocks do we want . It comes back to quality growth stocks. Stocks with free cash, higher returns on capital and consistent Business Models that can thrive regardless of the geopolitical environment. All right. Have you been adding to positions . Lets talk about the stocks youre recommending tonight. Waters corporation. You say its an allweather company that can hold up if youre concerned about volatility. And we certainly are seeing that