scarlet: u.s. stocks posting their worst losses this quarter. joe: the question is, "what'd you miss?" scarlet: central banks take center stage. janet yellen ready for liftoff while european central bank disappointed about europe's qe extension period joe: and we chiefto deutsche bank's international economist about what he expects about the jobs report. scarlet: impeachment proceedings. will she be ousted? .e begin with the markets a dramatic selloff in global stock. it was not just the u.s., but we kind of finish things off. the worst day september 8. the put side was the euro, rallying most in six years on a disappointing stimulus plan from the ecb. joe: there was so much hype

coming into the ecb meeting in terms of what kind of easing they would do. what they ultimately delivered was just not as exciting as people thought. he will thought it would be exciting because mario draghi talked up this meeting. he talked about how worried he was about inflation and how he would solve it. scarlet: the stimulus is quite aggressive, but the expectations were even higher. joe: it is something we have talked about a lot, how lopsided the expectations were. everyone long the dollar and short the euro. it stands to reason that if you get a bit of a disappointment, when you have a trade that lopsided, it can reverse in an extraordinary way. i want to look at the intraday action. everybody seems to be shortly euro, along the dollar. there was -- short the euro,

theg the dollar -- long dollar. a few minutes before the ecb decision to cut rates, there was an erroneous report that had gone out that they were going to not cut rates and actually hold. on those incorrect headlines, the euro jumped. that is very hawkish. you expected that there was going to be a cut in the euro -- and the euro would go back down. instead, it shot up even further. the erroneous headline kind of ended up being right in terms of what the direction would go. that is the story of the day. this is a huge 3% move in the euro today. that is the story. ,carlet: with the euro soaring government debt tumbled. you can see the yield spikes on the german two-year. it jumped as much as 14 basis

points. we do not measure yield moves in percentage moves, but if we were to, it is about 30%. yes, we have seen a lot of charts that look like this, but to show you how out of lack this is, go toof wack this one year. that big move on the right side of your line is today's movement. joe: you have got to love when you see single-date moves on a one-year chart. scarlet: the action was not just in europe or equities. this is 10-year u.s. yields. even they shot up quite a bit. long-term rates, not the short-term stuff that is sensitive to the fed. any portfolio that is long stocks and treasuries really got slammed today. stocks and treasuries selloff at the same time, reminiscent of what we saw in august.

scarlet: volatility is taking investors by surprise. you can see all of these charts and more on twitter. we want to welcome our first guest, chief international economist at deutsche bank. welcome. joe: thanks for joining us. what happened today? how did the market and the ecb get on different pages? guest: the expectations were so high in terms of what they would deliver. they would throw the entire kitchen sink at the economy. i still think it is interesting for the ecb process at the moment. we started with the idea that we would like the euro to go lower. you built the expectation up so -- once weere was got to the meeting, the expectations were too high compared to what could be delivered. mario draghi did help

stoke expectations. think it is clear that the euro area, well things are slowly getting better -- while things are slowly getting better, i still think that the clear picture is it was probably a good idea to do something. it was just the way it was managed. joe: do you think that this is not some huge mistake and that this is a brief period of extreme positioning and a slight mismatch of communication? an important is question. often, the economic data goes in a certain direction and the central bank comes along. much, the central bank has to come back to the economic data. the fear is that the economic data has been better than what the ecb -- joe: you can see all the policy

rates on the screen. the policy rate was cut by 10 basis points. people thought they would do a little further. do these negative rates, are they helping? torsten: there is a huge debate about that, including in the academic community. it actually does help. the central banks look at this from a toolbox perspective. what are the options? they could do qe, more forward guidance, lowering interest rates into negative territory. rates or lowrest numbers have been a bit of a risk, but so far, it is working. i still think it was good to have this approach of trying to throw more things that the economy to see what sticks. scarlet: do you think quantitative easing is more effective in europe than the u.s.? torsten: in the use s -- in the u.s., stock prices went up and issuance of -- went up.

it was successful in the sense that it encouraged risk-taking. .he same thing for europeans just where do you want to encourage risk-taking? should it be the stock market, credit spreads? it is verythat effective in the euro area. the question is, is much more needed? the economic data will have to show if they want to do more. germanis week, we saw unemployment at its lowest level ever. we saw decent pmi meetings across -- readings across the eurozone. inflation has been picking up a little bit lately, although the latest reading was a little bit back. is the data not as bad as people think in europe? torsten: i think europe is in much better shape than its reputation.

there is the idea that the euro area has been in low growth for a long time. the numbers have been getting better, including for spain. the unemployment rate in germany is the lowest in a long time. it tells you that things are in better shape than what many people are thinking. ecb, shouldn't they have done these things several years ago? that important to remember we do not fall into that deflation trap. scarlet: mario draghi talked spurring prices consumer spending. we have not seen that in the u.s. torsten: this is a huge mystery in economic circles. why have low oil prices not helped the u.s. economic recovery more or the european economic recovery more? the difference between the u.s. and europe is not only have euro -- have oil prices falling, but

the exchange rate in the euro area has gone down a lot. that is a double whammy in the positive direction that is helping the euro area. that is why there are more reasons to be optimistic of the euro area than what the market seems to believe at the moment. the fed.s talk about everyone seems to think that in december, they will hike. i look at the shadow feds fund rate calculated by the atlanta fed. for the first time since the financial crisis, it is no longer negative. there has been quite a bit of tightening. obviously, they cannot put the policy rate negative, but the de facto fed funds rate. there has already been quite a bit of tightening. does that worry you at all that the fed has already done this de facto tightening? torsten: this indicator is a

huge topic in the nerd community. the shadow rate getting close to zero. sayingld still end up 200,000 plus in jobs, the tightening is not quite enough. gimme,ecember is a tight it is an what with the rate of rate hikes be? you are sticking with us. we will discuss tomorrow's jobs report. that could signal a rate increase later this month. we will be back. ♪

scarlet: coming up tomorrow, we have jeffrey sachs, columbia university professor. he will be joining "surveillance" at 5:00 a.m. eastern time. do not miss that conversation. what did you miss? let's get to mark crumpton. mark: investigators have not ruled out any possible motives for the massacre wednesday in california. president obama spoke in the oval office and addressed the possibility the killings were an act of terrorism. >> this is now and the eye fbistigation -- an investigation being done in cooperation and consultation with local law enforcement. it is possible that this was terrorist-related. but we don't know. it is also possible that this was workplace-related. mark: a witness said one of the suspects left a holiday gathering, returned, and then began shooting.

u.s. attorney general loretta lynch says the justice department will be offering "any and all assistance necessary" as the investigation continues. the results of this investigation, we do not know a lot right now. one thing is clear -- violence like this has no place in this country and in this nation. she called the shooting unspeakable and said the fbi, the u.s. marshals service, and other authorities have been dispatched. jobs.s. military combat will soon be open to women. hasnse secretary ash carter given the armed services until january 1 to submit plans for the change. he made the official announcement today, removing the decades-long been on -- ban on women serving in combat units. blankenship has been convicted on charges convicted to a fatal

mine explosion. one of the last coal barons was found guilty of plotting to speed up production by ignoring safety rules at a mine in west virginia. a subsequent explosion claimed the lives of 29 workers. prosecutors have indicted 16 more fifa officials. a 92-count indictment, the u.s. justice department outlined schemes it said aimed to solicit more than $200 million in bribes. a defendant have pleaded guilty. the latest allegations follow the earlier indictments of 14 soccer officials and business executives and the guilty pleas of four others. more on these and other breaking stories 24 hours a day at the new bloomberg.com. i am mark crumpton. back to you. you so much.k tomorrow's jobs report will

determine if the federal reserve will follow through with a interest rate this month. economists are forecasting 200,000 jobs added in the month of november. could the u.s. economy disappoint? chief international economist at deutsche bank. august and september, we had bad prints. that led to fear that the market was rolling over. november becomes critical in determining whether we simply had a soft patch in late summer or whether october was an anomaly. torsten: absolutely. that is why the big discussion i have had with client is -- with clients is, are we going to see payback from a very strong october? or is this the picture that we had a slowdown because of china and now we are off to the races again? joe: so which is it? torsten: we are not quite all to the races, but the economy is strong enough.

it is definitely still enough. joe: you have been looking at the ism's for this week. manufacturing fell below 50. services still above 50, but not as high as it had been. clearly some cooling. does that worry you at all? torsten: one of the best leading indicators is the ism manufacturing indicator. that flashing that the economy is in a recession is a real worry. the u.s. economy has been hit by two shots lately, the higher dollar. that is why this divergence between manufacturing and services has persisted for 16 months or so. we still think the economy will be able to hold up. scarlet: janet yellen said that economic growth is sufficient percent -- further improvement in the labor market. in what way?s,

does it need to reach the mid-4% range like it did in 2007? torsten: that is completely unclear. 6% andecently, they said they would consider hiking rates. now it is 5%. scarlet: the goal post has moved. torsten: the fed has been too optimistic. we have been too optimistic. i think it is safe to say, at the moment, that at 5%, we are moving closer to average earnings starting the trend higher. it must -- it must be getting the fed's attention. jump,ast month was a nice but it is not like there has been overwhelming consistency on this number, that it is moving higher. why not wait until -- let's see if we can get down to 4% if earnings are surging. why not wait a while? torsten: that is true.

when will we see it? this may not be as easy as it sounds. you look at the earnings and the charts and say, there might be a sign that inflation is picking up. where youures of cpi take out all the volatile components are showing an uptrend. say, if at that and yes, the fed better get going soon. course, the retailers getting ready for the holiday season. christmas spending is estimated to rise. we hear that people are not buying stuff the way they used to. are we measuring consumer spending and retail optimism the wrong way? torsten: this is a very important question of the moment. people are staying very optimistic. my spending intentions are very high. if you look at the data, it is growing nicely.

,ut you still end up saying well, the economy is only chugging along at this 2% growth rate. next year, we could see consumers look better as a result of all this stimulus. joe: thank you very much. we will be thinking about this when we look at the jobs report and the yellen decision. scarlet: coming up, from crisis to crisis. withatest coming yesterday impeachment proceedings. we discussed that next. ♪

scarlet: i am scarlet fu. "what'd you miss?" brazil is lurching from crisis to crisis. the latest, impeachment proceedings for president rousseff. with us to discuss is shannon o'neill. it is not uncommon for brazil's economy to go through big boom bust cycles. we have seen this before. give us the context this time. shannon: brazil is having one of its worst recessions in 80 years. iis down almost 4%. next year is down again by all predictions. you are seeing booming consumer debt that people are drowning under. commodities, all the external

factors are hurting brazil. there is no easy way out of the challenge. an outright economic depression. is that exaggerating? shannon: we have seen the s&p downgrade brazilian debt. joe: is dilma rousseff going to survive this? shannon: it is likely she will. who knows what is going to happen? the odds are she will survive. in the congress, she has a big enough coalition to get through it. two thirds of the lower house have to vote for her impeachment to send it to the senate. it does not look like they have the votes. but things could change if new information comes out. scarlet: impeachment proceedings, what does it do for foreign investment? shannon: it really slows everything down. the question about how the political crisis will affect their ability to push through economic reforms.

everyone is looking at the politics and not the economics. on the other side, we have the petrobras scandal happening. two people were arrested last week, one in the financial community. a sitting senator also arrested. that has stopped any foreign and domestic investment. real has been rallying since the news of the of pitchman proceedings -- the impeachment proceedings officially beginning. if she were ousted, would that be a positive for brazilian markets? shannon: i think if they get past impeachment either way, if she is impeached and a new president comes in and they are able to form a new political coalition, and the party has said they will do these reforms as well. the challenge is just the political gridlock. scarlet: on paper, brazil has the right stuff. natural resources, demographics, landmass.

what would it take? what is your prescription for brazil regaining some competitiveness? shannon: brazil's real challenge is it is so hard to do business there. they need big structural reforms to make it easier to open a business, close a business, to do business. is quite big. it is almost 40% of gdp. they have very high taxes. downyou need to do is pare the state and regulations and make it easier for markets to work there. joe: i want to talk about mexico. people talk about emerging-market and mexico is frequently cited as one that is more optimistic than others. what is your outlook for the economy there? shannon: compared to brazil, mexico has made those changes. it is a very easy country to do business in. it is also very open to the

world. free trade agreements all around the world and it exports a lot. in that part of the economy, we have seen huge productivity growth and economic growth. there are very good things about mexico. still, there are challenges as well. scarlet: corruption cost mexico's economy 5% of its gdp. that is a big bite. shannon: and we see that in emerging markets. it is not the only country that has challenges with corruption. but it is a big challenge in mexico. if you had to name the main challenge for the next three take thisthey could on, i think mexico would be a really good that. it tot: people expect make some progress but it is still kind of stuff there. you are staying with us. we are going to discuss argentina and its new president next. ♪

scarlet: i am scarlet fu. "what'd you miss?" let's get to mark crumpton. mark: police say they found 12 pipe bomb devices in a california home being searched in connection with wednesday's mass shooting. they also found hundreds of tools that could be used to make improvised explosive devices. authorities say syed farook and his wife or fiancé tashfeen malik also left the device at the social services center where they opened fire. consisted of three connected pipe bombs with a remote control that apparently did not work.

police say the attackers fired between 65 and 75 rounds at the center. they later died in a gunbattle with police. 14 people were killed in the rampage. 21 were wounded. belgian authorities have charged a seventh and eighth suspect with taking part in terrorist activities in the terrorist attacks -- paris attacks. a 20-year-old national was detained when trying to board a plane heading to morocco. a 28-year-old belgian national was held the same day. a warning from u.s. secretary of state john kerry. he says defeating islamic state will not be possible without troops riding on the ground. his comments came in belgrade. he called for a political solution in syria, saying that would allow all nations to fight islamic state together. some european union members are floating a proposal to suspend the system for passport-free internal travel for as much as two years. greece has been a major entry point for many refugees.

the proposal will be considered by members tomorrow in brussels and is designed to pressure them into accepting policing of their ag and sea border with -- agean sea border. oscar pistorius was found guilty of murder. friend into the -- his girlfriend in 2013 through a closed bathroom door. he claims he mistook her for an intruder. he faces a minimum of 15 years in prison. more on these and other breaking news stories 24 hours a day at the new bloomberg.com. i am mark come to -- mark crumpton. back to you. scarlet: a quick recap on how u.s. markets closed. big losses there. the biggest decline since september 28 for all three indexes. a selloff across the globe. joe: it started with the ecb decision, which is not -- was

not as aggressive as people expected. long-term german yields jumped, everything sold off today. veryet: people were crowded on certain traits, like being short the euro. i wanted to take a look at long-short funds. it has been a brutal year for hedge funds. one strategy has done ok. come inside the bloomberg terminal and you can see it. this is the credit squeeze long-short equity index. up about 6% this year. is the s&p 500. still hanging onto a gain of about 1.5% this year. -- suisse is on track to top them for the first time since that -- since the crisis. the dispersion between the performance of the funds with

this long-short strategy is pretty wide. you had to have bet on the right sectors. joe: this chart does not have anything to do with markets, but it has been in the news a lot lately. all of these pictures of pollution in beijing. people taking photos out of their windows and they cannot even see the sun. this is the beijing air-quality about how much pollution is in the air. this is a monthly chart going , or, i guess,rs 2008. this is the worst month, off the charts basically. all those pictures, that is why. a lot of people do not want to raise their kids somewhere where they will all grow up with asthma. shannon o'neil, let's talk about argentina. won the macri has

presidential elections, but the challenges are far from over. he faces a dwindling fiscal deficit and rising unemployment. is he fit to tackle this? shannon: i think he is a market-friendly person. that is is is a -- his philosophical bent. the way he governed the city of aires, hes -- buenos did it in that way. the team he has chosen, his cabinet ministers, are all very market friendly. some of them are u.s.-trained economists. others have run big corporations in argentina and other places. they do have this mindset. the number of things he needs to do to change the economy, to bring it back around, to implement austerity plans, it is a tough sell. joe: there has been a lot of skepticism about the quality of argentine economic data. the belief is that the inflation rate is laughably low. laughably lower than what everyone thinks it is.

private measures, private attempts to gauge inflation have been significantly above what the government is saying. do you think this is something that is part of the reforms, that will be tackled so people have more confidence in the government? shannon: it is. he has said he is going to bring in a real economist, a real statistician to bring back real academic rigor to those statistics. number one, he said, we do not even know how many poor people there are in this country. we do not know what our inflation numbers are. we need those numbers to deal with our own economic challenges. and if argentina would ever come back into international markets, they would have to have real hard numbers. scarlet: you have the unofficial employment, inflation numbers, and the official inflation numbers. between theuge gap official exchange rate and the black market exchange rate.

talk about the economic distortions that has created and whether lifting currency controls would clear that. shannon: if he could lift the controls, it would allow that to come together and unify. his challenge is that foreign reserves are down to incredibly low levels. joe: you can see how much it has come down in recent years it has been deteriorating. shannon: when people do an analysis of what is and is not tied up in various kind of slots , some people estimate between $2 billion and $6 billion. scarlet: where is the rest of it? shannon: swaps with china and other countries where it is not liquid. liquefy ifhard to you need to. , andey unify the currency there was a run on money, you would have nothing to support it. scarlet: there is a linkage to soybean prices. you go to argentina,

all of the silos are busting full of soy because none of the producers want to sell. there are very high export taxes , but they do not want to sell because they would have to sell at the official exchange rate and have to buy their inputs at the unofficial exchange rate. they are waiting for a devaluation to go ahead and sell. joe: on the soybean front, people have pointed out in the past, there used to be a boom era of commodities and china was consuming everything, so all these countries that were exporters, they say there is a naturally rising tide thanks to that. that is not there anymore. you say the economy has levered the soybeans. it is not like there is some people market in commodities. how much of a hardship is that going to be, the fact that the tailwinds are not there anymore? shannon: it is a big hardship. the previous government had that benefit and overspend everything

as well. comes in with a big physical deficit -- fiscal deficit. argentina is really left with natural resources. even with the lower soy prices, they are competitive in the world markets. if they could come back to international markets, you could see investment come back in. you could also see them raise debt, which they have been unable to do. there is also a ton of argentine money abroad. if they started seeing prospects there, you could see that money come back and really bump up the economy fairly quickly. scarlet: and a lot of money tied up in bitcoin as well. how do you see negotiations with hedge funds going? shannon: they have said they will negotiate with holdout creditors, so i think it will be at the finance minister they appointed is a longtime investment banker. he knows the ins and outs of how this works. think they are good

partners there. whatever ise is, decided with the creditors has to pass through the legislature. there has to be some sort of balance to get a majority. scarlet: how strong is macquarie -- macri's coalition? can that go through as he proceeds or will he really need to compromise? shannon: he has a minority in the congress so he will have to compromise. there is a big part of the party that did not go with kirchner. they went with a different candidate. there is a whole group to negotiate with. argentine politics can often be quite pragmatic. if there are resources given to you as a governor, senator, representative, you can bend your ideology. joe: you mentioned the declining fx reserves. are there any roadblocks that will make life more difficult? shannon: one of the big

roadblocks is the huge fiscal deficit and public employment has become the real end to the growth. how do you cut the deficit when you have almost 4 million public employees? how do you get the economy going back up? you need the private sector to step up. we have mentioned the challenges. o'neil, thankon you so much. the market has spoken about the ecb decision. next up, we will hear what former ecb president jean-claude trichet thinks about today's close. ♪

scarlet: coming up on bloomberg

television tomorrow, london's mayor will be joining a.m.eillance" at 6:00 eastern time. you do not want to miss -- to miss that. it is time for a look at some of the biggest business stories in the news right now. expanding its rays to branch out globally. it is looking to raise another $2.1 billion. that is according to people familiar with the matter. they say uber has filed paperwork in delaware the telling fundraising plans. they have tested food and package delivery in some cities and are working on self-driving cars. carlsbergre regarding a the most likely bidder whenb inbev puts them up for sale. are on the block because of

possible competition issues in europe. shares of avon surged as much as 12% before today's close due to a dow jones report that the cosmetics retailer is in advanced talks to sell its north american business to cerberus capital management. shares have fallen 60% this year and that is your bloomberg business flash. today, the s&p 500, the dow, and the nasdaq had their worst basin at denver. investors are disappointed by additional stimulus measures. thatclaude trichet said today's moves should be taken seriously. >> it is action that counts. the markets might have short-term reaction, but they take the action seriously. there has been serious action today with five decisions that are all important, in my decision.

i expect the market to recognize -- that this is a decision that counts. joe: brenda kelly joins us from london. het says it is all about action. it seems there is a mismatch the market expectations and what was delivered. there seems to have been some sort of communication error. what do you think happened? brenda: i think a lot of it did come from mario draghi. we saw some weaker than expected cpi data. but there was better pmi data from the eurozone. perhaps mario draghi thought he would get away with a little bit more. but i do feel there has been opposition from some of the governing council, mainly the germans, on additional stimulus members and cutting the deposit

rate. looking at what mario draghi has done, you have to give him credit. i do not think he has done a bad thing. he has left the door open for additional easing and stimulus should inflation levels and growth levels weren't it. for the time being, i do feel it was overly positioned to the downside and perhaps concentrating on one single metrics rather than the overlying trend in the decision to be very short euro-dollar and very long some of the european indices. if you come inside the bloomberg terminal, this is the euro-dollar pair. it has dramatically lost value since mid-october. it lost about 8% of its value. since november 30, it has made up some of that ground and retraced about 40% of that decline. you have about a

50% retracement. a dramatic snapback. bump onthis just a road the road to parity or might this change the whole trajectory? change thecould trajectory. it depends on what janet yellen does later this month. perhaps mario draghi felt that she could take some of the heavy lifting for him and hike interest rates in the u.s. over 25 basis points and that could contain the euro-dollar trajectory downward. if you look at the long-term trend, since the beginning of the euro currency, there is quite a strong trend to the upside. level, we could head higher. we could squeeze higher towards the 1.12 level. we have failed to make any inroads through the 1.12 level without any conviction. if janet yellen fails to

deliver, that could be an interesting scenario for the euro-dollar pair and would go against what mario draghi might have been expecting, that the federal reserve would do their part. wait and see what happens, because there is the possibility that inflation will start to pick up. scarlet: i am glad you mentioned janet yellen. jean-claude trichet spoke about the divergence between the ecb and the fed. >> it is normal that the central banks are reacting with the appropriate decisions to different circumstances. their goal is the same. to anchorf the ecb is inflation expectations at close to 2%. the goal of the u.s. is to perform at 2%. the goal is the same. i am fully confident there is no

problem of the burgesses -- of divergences. scarlet: do you agree, brenda? brenda: i think the ecb has been slower to act than the federal reserve. that is due to the mandate that the ecb has. coupleeral reserve has a of mandates they have to fulfill. the ecb has a single one. stability was seen around the 2% mark. obviously, any sort of interest low move was to keep it rather than drive it higher. i think mario draghi is doing his best to do what needs to be done. i do feel there is a divergent path there. it does come down to timing and it is very much due to the fact that the ecb had their hands tied for a while. scarlet: brenda kelly, you are sticking with us. we will be right back on "what'd you miss?" ♪

i am scarlet fu. "what'd you miss?" brenda kelly is back with us. joe: one of the things that you was this ideaier that the euro zone economy is not quite as bad as people inc.. we had decent pmi numbers and some all right employment numbers out of germany and italy earlier. what is your assessment of the economy and the europe -- in the eurozone right now? brenda: i think pmi does look stronger.

then there have been some member states that were at 21-month lows in october. it is not strong momentum for the time being, something that mario draghi mentioned in his conference today, that he needs to keep this momentum going. then look at unemployment. it is still close to 11% in the eurozone. and youth unemployment, certainly with regards to the french market today, look rather problematic. that has been the case for the last number of years. it still has yet to be addressed. not necessarily something down to mario draghi, but structural and fiscal and government measures. nonetheless, it is still a major problem vis-à-vis that of the u.s., where you are getting close to the 5% mark. overall, the eurozone is picking up but it is not quite there. joe: you anticipated my next question. what are the non-ecb thing that needs to be done in terms of fiscal and structural efforts to

revive the economy? do you see any momentum on that front or is everyone leaning on mario draghi to fix everything? brenda: there is a bit of a difficulty on that front could drive through any eurozone scenario. at the moment, some of the government's and some of the member states are having difficulty. that is something that was going to be a problem for a while. mario draghi did come in after rates in thehiked height of the global financial crisis. that left the ecb very much behind the curve, too. but the governments in different eurozone countries need to take the opportunity with lower borrowing costs to take action and make structural reforms. scarlet: thank you so much. brenda kelly joining us today. coming up, we tell you what you need to know for tomorrow's trading day. ♪

scarlet: i am scarlet fu. "what'd you miss?" do not miss this. i am going to channel alix steel here and talk about -- joe: oil? scarlet: exactly. opec is meeting tomorrow in vienna. they clashed before, with saudi line. holding its joe: the other thing you jobsusly cannot miss his day tomorrow. economists are expecting about 200,000 new jobs and the unemployment rate to stay at 5% and for average earnings to take up .2%. i am interested if we get a big miss, but not a huge miss.

probably it would not be enough to derail the rate hike, but people would get nervous. nuances.the i am so excited. that is all for "what'd you miss?" than

>> good evening, from washington dc, while we watched the entire gop feels be at the ronald reagan building down the street from where i am here and our washington bureau. i had a chance to sit down with two of the candidate, john kasich and carly fiorina. updatewe get to that, an on the dominant story in this country and in politics today. that remains wednesday shog