alan krueger, is that significant?i tend to discard that because last month it was over 600,000. i do not think it is unexpected. the establishment survey is much more indicative of what actually happened. corks another question here -- the unemployment rate, the jobless rate stays at 5.8%, even as the other metrics improve. is that an encouraging sign as well? >> i take that as not too much information in that the establishment jobs number is really month to month the most telling indication of how the jobs market did. the unemployment rate held steady. the labor force dissipation held steady. the unemployment rate has fallen dramatically over the last year, lessabout 1.4%, maybe considering that it stayed constant last month, but it is certainly on a downward trajectory and other measures of utilization of labor improved. it looks like the jobs market is continuing to improve, even though it is not back to full health. >> i want to get back to the full issue of the fed -- this is change the game and when they move? e

alan is with us from morgan stanley and krueger from princeton.g you here on a job stay, what will you watch and look for it 8:30 this morning. >> it's not going to be surprising if we get another print above 200,000. as someone who has forecasted jobs for a long time, it is hard to remember back when we had such consistent monthly job growth. the consensus is sort of better than 200,000 around with the average has been said that will not be the big deal, the big deal is do we get the pickup and wage growth we have been hoping for. >> for faster krueger are we seeing wage growth in america? >> i think we are starting to see the very beginning signs. knows how much slack there is in the labor market but we know with each passing month we're getting closer and we do believe we are on the cusp. >> cusp, today's word. >> the word in her research is tepid. it sounds like the argument you're making is that not you know what is driving it but reversing to the mean, it has to get better. >> we look at underutilization so that broad unemployment measure, i

princeton professor alan krueger will be joining us. he has argued all year long the u.s. has to address income inequality. will that change in 2015? here they look at top stories is morning. a breakthrough in the search for the missing air asia passenger jet. debris has reportedly been found . indonesia's navy has spotted debris that says may be an emergency exit door. at least six bodies have been found. the air asia plane disappeared while flying from central indonesia to singapore. >> stocks are falling around the world this morning. futures indicate u.s. stocks will be lower at the open. energy stocks are leaving the decline. the price of oil fell again to a five-year low. tom petri of petri partners has devised u.s. and saudi arabia on oil. here's his advice for president obama. >> the white house will view this as a plus for the u.s. economy and therefore they will let those sources run as well. the row question would be -- will they approve the keystone pipeline, will they move forward on some kind of liberalizing of oil exports? if they do, then a there will be ev

somebody called me freddy krueger the other day.i was like, how dare you. >> stafford has been offered nail trimmers several times today. today is his final day. >> how are you doing today? >> awesome. >> outstanding. remember the nails, sir? over a quarter of an inch as per regulations. let me see it, let me see your nail. they're exceeding a quarter of an inch. the policy. mr. stafford. i'm going to give you the clippers to cut your nails sir within a quarter of an inch. otherwise, have to get sergeant to take care of it. and you also will receive extra. you understand what i'm telling you? okay, i'm going to open this flap sir, and give you the clippers. you're not going to do it? >> no, no. where's your ruler? >> all right, sir. we'll take care of it. i'll have sog come in and do it. >> three shots. yes, this is sarge with inmate stafford. over an inch quarter. i asked him to cut his nails and he refused to do so. i asked for assistance to get that done. >> the special operations group sends a three-man team to stafford's cell t

. >> reporter: a report by professor krueger, top advisor found licensing and registration can be linked to 18% higher wages. in california, an interior designer requires professional experience, two years at an apprenticeship. those by 20 years ally dahl who is slogging her way through the process. >> the building i work on, i think it's important and necessary to know. >> reporter: also an interior designer working on a public space like a hospital to keep the public safe. economists question whether all of those make a public statement of the providers and professions in the competition. for "nightly business report," steve liesman. >>> it's not enough. where we begin the market focus. missed but did manage to shauk up same store sales growth and hiked the outlook for the current quarter. investors weren't convinced. shares plunged 16 ppt -- to 5%. gold man conviction buy list and a $3 billion buyback. shares popped to $147.69. >>> francesca is being replaced by the former chief of sigg nah jewelers, cheers and how. popped to $15.19. >>> j.p. morgan has the top performing investment b

state senator liz krueger called him out on it. >> this bill, as i said, has some important things in it, but it's also a perfect example of what goes wrong in the wheeling dealing of the backrooms of albany. >> in exchange for the developer putting $5.9 million into affordable housing in the bronx, pocket change given the prices on billionaires' row, those wealthy pied-À-terre buyers could get as much as $35 million in tax breaks. >> an example in a recent news story was a $90 million 13,554 square foot penthouse, and, with 421a exemption allowed in this bill, their taxes per year would be $20,000. if they were not rolled into this legislation, their taxes would be $230,000. >> let's hear that again. >> their taxes per year would be $20,000. if they were not rolled into this legislation, their taxes would be $230,000. >> a tax break of $210,000 a year for living there, four times the median income in new york city. >> i don't think that's what any of us were talking about when we endorsed the expansion and extension of property tax exemptions that the city of new york gives out. >> y

mohamed el-erian, tom perez, alan krueger, mike tuner -- turner.urprise appearance. ♪ it is 56 past the hour. bloomberg television's "on the markets." we are 30 minutes into the start of the trading day. stocks are backing off after yesterday setting another record high. the nasdaq has little change. it is just over one point. maybe you blame it on mario draghi. they will wait until next quarter. the european stocks measure is also declining. -- stoxx measure is also declining. european stocks extended their losses during the news conference. italian bonds falling for the first time in six days. that is pushing the yield higher to 2.02%. the euro is bouncing off a low. , theore on the markets equity markets reaction, i'm joined by mike reagan. was the market really disappointed with mario draghi? or they position for a big move? last month, mario draghi said the ecb would act as soon as possible to address concerns about lower inflation. >> we know that as soon as possible is not next month. >> the key word there is, as possible." people were expec

. >> leanda krueger her name. found exceptionally well qualified by the state bar, evaluates judicial nm knominees. smooths the way. a three person panel. a panel friendly to governor brown. would have taken a shock by the state panel. state bar panel to upend her nomination. she looks good now. >> controversy though. a little bit with. at the federal level. with the department of justice. in the obama administration. has lived in california for 20 years. >> exactly. one of the out of the blue. out of the box. nominations by the governor. and she is very well qualified. as far as everyone can tell. she argued 12 cases before the u.s. supreme court. so she is, really legal eagle. but there were people including willie brown who wondered allowed. there were no african-american judges. no black lawyers in california. who were qualified. but you know that's classic jerry brown. just to do something that no one expected him to do and peck ho out of nowhere. >> want to bring it back to san francisco. the city unveiled t

. > and dan krueger, thanks for talking us through the low bond yields sort of that they've been lowank you so much. "street smart" is next. spk spk >> welcome to the most important of the session. 06 minutes to go before the close. smarts.""street energy shares leading the declines across the board here today with oil dropping to the level since 2009. coming up, we're going focus on markets with my guest host for the hour. investing bill janew

freddy krueger, medusa and stuff like that. tony montana from "scarface." i got two 45s and shoulder holsters. i came, i saw, i conquered in latin. i want to go get the rest of my chest covered. have the whole shirt. whenever i get out i will work on the rest of it. >> after six weeks of shooting at holman correctional facility, our crew went to check up on terrence moseley, an inmate who has repeatedly exposed himself to officers. we weren't prepared for what happened next. >> i done told you all to stay the [ bleep ] away from my cell. >> you wanted to say something -- >> i said i wanted [ bleep ], [ bleep ]. look here, bitch! stay out of my cell. what's wrong with you? >> come on, let's go. >> the reason he did this is because on a particular day, sergeant banks and myself, we were walking pier call, and he was masturbating, and i had to use force with my baton, i hit his arm and broke his arm. he told me then he was going to get me. on this particular day we were feeding inmate terrence mosely and he threw a tray in my face. so i guess he got me. >> wha

diana magnay, cnn, krueger national park. >> and you will find much more on the fight to save rhinosction on cnn.com. there you'll see the latest statistics and more stories of anti-poaching efforts. >>> heavy and persistent floods in france. we've been looking at that in the last couple hours. ivan cabrera is here. incredible i8 amages coming out. >> it comes on the heels of a storm from the last couple weeks, and this last round has taken a toll. take a look at these cars, the at of force the water needs to be rushing to get these cars piled up like this is incredible. this is happening over the southern coast of france. they've received two months' worth of rain. just look at this, cars piled incredibly here. upwards of 3,000 people have been evacuated along the river there. upwards of five have lost their lives. this is an ongoing situation in france. and the issue and the problem and my concern is that it's going to rain over the same area, because this low is not going to be moving all that fast here. so what will happen is we'll have more rainfall that's going to be pulled in

alan krueger will join us. president obama's former chairman of his council of economic advisers.the jobs market and its nuances. particularly the debate in america over wage growth. the idea is our central bank cannot move over they -- until they see a legitimate wage growth. some feel that we are seeing now or soon, others feel it is nowhere in sight. en from morgan stanley as well. a lot of other things we will be looking at. we will look at the holiday season. something i know you are an expert on, expensive women's shoes. i'm not talking about thousands of dollars. $600 or $1200 a pair. this is news you can use. we talk about fancy shoes. >> i am an expert. let me explain. there is a person that sits next to me who is not here today. if you look under her desk, it looks like a shoe store. more organized but you are not far. have somesay i qualifications for talking about expensive women's shoes. >> i been working to get ready for the show. is it christian loui ouboutin? i cannot pronounce it. >> i'm looking forward to hear how you pronounce it. >> more important, jobs day. >>

. -- following the data on friday, both mohamed el-erian and alan krueger said it looks like the fedtheir interest rates starting in the summer of 2015. what do you say? well, it's always so tempting to think that. i have leanings that way but, of course, we are in a world where the inflationary pressure still seems to be so modest. you guys chat about oil. at the margin that is about pressure and we have a very dovish fed led by janet yellen. i am not convinced that's the path. the numbers shift things more that way. >> thank you so much. thank you guys. still to come, the search for multimillion dollar art and we will hear what collectors were looking for a last year's art basel fair. we will talk about the overall market. that is next. ♪ ♪ ♪ names like jim chanos and steve: and leonardo dicaprio anddiddy were in attendance at last year's art basel with $3 million worth of art. do collectors add to the record to-$3 billion of art sold during the auction season? president now is the of the pace gallery who made its way back from miami for us having just sold works by renowned artist

thank you so much, jim krueger, for joining us this morning.will be back again in 30 minutes. "money clip is next. ♪ clip,"ome to "money where we tie together the best stories and video in business news. black friday fizzles, cyber monday half-day, all weekend grounding online. and there is a new warrior in videogames and a male-dominated industry. the streets of hong kong, the government and its citizens now say that there are limitations with protesters. go gaga for lady mary, they say that they are k

we will follow all of the big market moving headlines with alan greenspan, alan krueger, and michael holland tomorrow starting at 7:00 a.m. i hope you have a great day today. ♪ >> it is 56 as the hour, which means bloomberg television is on the markets. i'm mia saini. 30 minutes into this training session, let's get you caught up. the s&p 500 hit some all-time high, the record high post of you can see it is premature flat session for the s&p and the dow, of about 13% or so. muted gains across the board. oil is gaining after investors believe that an escalating conflict in libya may actually impair a global surplus. a rebound today, but down more than 40% so far this year. joining me with a look at what you should be watching as we head into next year's isaac earned stores. -- is isaac. we have to talk about the conflict in libya because what we are seeing in libya could affect the surplus. what is the return of supply in libya is one of the things -- >> yes, the return of supply in libya is one of the things that brought us to where we are today. that the progress could be reversed a