today total private sector estimate by adp of 216,000 january refiezed up by 173,000. by the way february data three of the past four have been north of 300,000. north farm payrolls 213 and unemployment of 8.3%. there was other data sue mentioned about inflation. the government revising measure for productivity in the third and fourth quarter. now, the 0.9% fourth quarter rise was just a little higher than originally reported 07 for the non-farm sector. you can see the step down we've had from the recession. but there was a huge change in labor costs that caught economist attention. the amount spent for wages to produce a unit of output, what was originally important at 1.2 now 2.8 in the third quarter. tfgs a decline of 2.1 in the fourth quarter. and now they've changed the sign and it's almost 4%. the good news revision came substantially from higher hourly compensation. that is more money in americans' pockets and the savings revised substantially higher. that's good news for the consumer in the coming quarters. bad news, labor cost gu harbinger of future inflation

that provided the floor of the adp jobs report. and then talk about the potential qe-3 alternatives that the fed is looking at, kind of raises the optimism. the fed is at least looking to fill the arsenal, in the event it needs it. >> and keep long-term interest rates down, down, down. which certainly helps the financing picture for a lot of the governments, including our own which are so heavily indebted. >> exactly. >> a nice little bounceback today. >> interesting, tyler, again we're seeing the lack of volume. consolidated volume. aga the average year-to-date is $3.7 billion. it d't

adp has been closer to the government number, adp comes out wednesday and it's on top of it. i want to know how the trade is happening and how the market is pricing in better numbers. it's not a scientific survey and it's my notebook right now to come back and do more on this. look who is moving the market. you see that the better moves are on the adp day. now, it depends on was it higher or lower than the estimates in my gut? look at the moves that happened on jobs day. they have been equal to or greater than the moves on the jobs day. you can see i did that february number based on where the market was. but you can see you get a lot of action on wednesday, especially that november number and january number. why aren't we getting mother of a pop? more of the pop is coming on wednesday before. you get it earlier. >> this is interesting. as you know, a lot of people look at the adp numbers, at least they tend to with skepticism. >> they've been burned by it. if you look at the last six months, scott, what you see is the adp number is right on top of the bls number and doing a

an as expected adp employment number. 216,000.arterfinal nonfarm productivity which translates into a unit labor cost a bit higher. more than double higher our last look. 2.8. our last look was 1.2. our expectations were 1.2. so we see an incrementally better nonfarm productivity with a significant rise in unit labor costs. the market really not moving much on that one as well. although, well, pretty much 309.31. up about 50 in preopening dow. market seems pretty much anchored which leaves me to think we'll be looking over the pond to europe to see what's happening in greece. back to you andrew ross sorkin. >> thank you, sir. still to come on "squawk," too 2 well-known strategists square off on the political issues that matter to you most and your money. bob shrum and fill muster coming up. >>> then the conversation we've been talking about all morning. gop presidential candidate mitt romney will join us live. stay tuned. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we w

the estimated adp accurately and adp has been on top of the bos number the past several months. >> sue, watch the 200,000 level tomorrow morning. i think after the adp numbers when people generally expecting a strong report because of the lower jobless claims figures we've seen lately, anything shy of that could be a disappointment. >> indeed. thanks all. appreciate it. all right. speaking of jobs as we just mentioned, the monthly employment report is out tomorrow and it's usually a market mover. but is the data being leaked to wall street ahead of the official release? serious issue with huge ramifications of course. eamon javers is investigating that part of the story for us. and he is in washington. hi, eamon. >> hi, sue. as we get ready for tomorrow's jobs numbers, cnbc has learned that government officials are concerned about potential early leaks of the employment data to wall street. the department of labor has commissioned a review of security procedures surrounding the handling and the release of that data. and that review has been conducted by sandia national laboratories. th

those adp numbers were quite strong.ositive sentiment as we head into the nonforeign payroll. >>> we should put up the bourses right now. if i put up the heat map you would see we're heavily weighted to australian stocks and session is highs. there's chat on twitter rumors were going up. this is where we stand on the market. well over 1% gains across the board. greece is talking about a strong take up of its bond offer. the latest is athens has seen 58% of bondholders agreed to participate in the debt swap. the deadline is 9:00 cet, that's 8:00 gmt. as i say the chatter, the online ch chatter in twitter is that it's much higher and getting over 70%. we are joined on the phone from athe athens. we'll see if you've heard thinking like that. jules? >> reporter: obviously just that one sort on twitter at the moment that is saying up to 17%. in terms of what we already know will we see that 120 billion euros worth of bondholders saying they will participate voluntarily. within that 80 billion euros from the imf, the private b

adp also revising its job number for january, up to 173,000.this all comes ahead of the big monthly non-firm payroll numbers which is out on friday. meanwhile, the u.s. treasury has begun disentangling itself from the insurer aig announcing it will sell $6 billion of the company's stock. it's the latest stage in the selldown of the 77% the treasury department still holds in aig following the bailout of the firm in 2008. the treasury stands to make a profit on that sale, aig's stock up about 26% so far this year. aig has said it will buy half its stock on offer. nina? >>> andrew, i want to go back to the commodity markets now. the price of oil just continues to rise on the back of the supply concerns linked to growing tensions between the west and iran as andrew was mentioning about two minutes ago. let's take a look at brent crude. this contract has been trading at its highest level in about a year, trading at just over $125 a barrel. as you can see, it's up about $1.15 at the moment. $125.36 to be precise. the price has risen more than 23% in

a new report from adp says companies hired 216,000 new workers last month. most of the growth was in service industries and small businesses. the monthly jobs report from the u.s. labor department comes out friday. >>> los altos based netflix could expand its movie service to some cable systems. reuters says the cable operators would include netflix among their premium offerings. reuters says the first partnership with a cable company could come by the end of this year. >>> it was an emotional farewell for nfl superstar peyton manning today. the indianapolis colts officially released him one day before they'd have to pay him a $28 million bonus. manning and team owner appeared together for the announcement. >> this town and this team means so much to me. it truly has been a honor to play in indianapolis. i do love it here. i love the fans. i will always enjoy having played for such a great team. >> manning's career with the colts ran 14 years and includes one super bowl title. he sat out last season because of a neck injury. he says he's not sure where he wi

but just before that, we're going to have a private sector or adp data as well for private sector unemployment, and also the weekly jobless claims numbers. but the big friday, the u.s. jobs numbers. back to you, ai. >> we will keep our eyes peeled for that. thanks a lot, ramin. ramin mellegard from the tokyo stock exchange. >>> japan and vietnam are enhancing their ties. japan's top business group is visiting southeast agency nation this wiek. the two sides talking about continued cooperation in infrastructure development, including construction of nuclear power plants. japan business federation chairman met the vee knap east minister. he is touring southeast asia through saturday. the vietnamese minister called for assistance, stressing progress in infrastructure for the nation's economic expansion. he said mutual cooperation was necessary to create a favorable business environment and to promote continued growth for asian economies. he also called on vietnam to help japan join the trans-pacific partnership trade talks. vietnam is one of nine nations discussing the free trade initiative. the

the big news was the adp number that came out. adp showed a gain of 216,000.hat was right if line. chuck, this gets us on our way to friday's big jobs number. >> that should drive some markets, that's for sure. our deep dive into the delegate math. state by state in 30 seconds. >>> we kept tell yg you it's about delegates. the deep dive is into the delegate count. this morning 11 states voted on super tuesday, and the results are in. mitt romney won in seven of them. four primaries, three caucuses and more importantly a majority of the delegates. let's start with the states where romney won. we're going to start, of course, in the state of ohio. this is how the delegate breakdown. we know he won by 12,000 votes. look at the split. 38, 25. interesting here. we're giving santorum three for now. he's going to have to win a challenge with the state party because, remember, he didn't file full debt gat states. he won a condition gregsal district where he didn't have a full state. but he had some alternatives. virginia, ron paul won the third congressional district.

first of all the adp jobs report in line with expectations, optimism enough greek debt holders will agree to a debt swap paving the way to a second bailout. and a report from "the wall street journal" outlining possible options for qe-3. all of that contributing to the gains we've seen today. sector leaders throughout the day have been financials. they've been stronger. industrials have also been stronger. consumer discretionary stocks as well as tech stocks although recently given up some of their stronger gains. leading industrials, ge, we've been talking about it all day, the company basically providing very optimistic outlook. growth in the emerging markets should be stronger for the company than in asia in 2012. lastly, we just want to touch on the apple effect. i'm sure we'll talk about it all day. apple off its highs of the session. its suppliers as well as some of the carriers, at&t and verizon which will be the carriers for the ipad, they have been holding fairly steady throughout the session. mandy, back to you. >> thank you very much, mary. rick, what are you seeing in the equi

the adp jobs report was in line with expectations. gains were seen in europe currently.lso providing some support were positive outlooks from general electric and honeywell. we want to start with ge. jim was mentioning it earlier. but the company reaffirming double-digit earnings growth outlook for its industrial companies as well as its finance companies. and also basically talking up latin america and the middle east, two big growth areas which they expect to outpace the middle east as far as growth goes for general electric in 2012. honeywell also raising its first-quarter earnings forecast dr or raising the range of that forecast to 98 cents a share. earlier the range was 93 to 98. the company's been benefiting from strong demand for a number of its aviation components which is helping to offset weaker demand for its automation systems used in larger commercial buildings. we want to touch on pandora. sees first-quarter revenues below estimates and first-quarter loss wider than expected as well in a range of 11 to 16 cents a share. analysts were looking for two. lastl

the adp jobs report which i think really boosted the economy. small business job creation led the parade. we may get a better than expected number on friday. so as china slows down, as the usa rising, are we speeding up, don luskin? >> it depends where you look, larry there is some evidence it looks good and there is some evidence it looks bad. the jobs i guess look okay. but forward s&p earnings are still off their august peak. we've got terrible capital goods orders. we've got terrible diesel fuel loads in america's trucking fleet. i don't know. i think it's a mixed bag. i wouldn't get so optimistic. >> michael farr, mixed bag, okay. i'm going to play this on the optimistic side, but whatever. i want to just ask you briefly -- >> that's a shock. >> about this crazy feds story. so the fed, let me get this right. they're going to buy bonds, but they're not going to inject money because after they buy long-term bonds, they're going to sell t-bills to the dealers' reverse repurchase agreements and that's going to take the cash out. first they put

payroll processing firm adp issues its numbers on february jobs. we belly up to the bar with peter swinburn, the c.e.o. of brewing giant molson coors. and it's the day apple fanatics have been waiting for-- the expected launch of the ipad 3. tiger is back on the prowl, and that's good for the business of golf. even though tiger came up short of the title at last weekend's honda classic, ratings for comcast's nbc tv network were up 78%. in tonight's "beyond the scoreboard," rick horrow speaks with the executive director of the tournament, beginning with the return of woods to the contest. >> reporter: from. >> from a revenue standpoint we're projecting a 30% increase in attendance and concessions and a few other things. on the expense side it does affect that because we have to improve our security on course, we have to increase our transportation. we have to increase our concession, the food, the merchandise, so on and so forth and of course the media. the credentialing requests have gob from s 25 to over 300 requests this week. >> reporter: what k

the payroll service adp reports that the u.s. economy has produced in february 216,000 new jobs.question, the u.s. unemployment raunchanged from january. the produced 227,000 jobs. the foregoing, when i just said, is the scenario of the economy. these roses have a lot of thorns. give me the thorns scenario, mort. >> you want me l rating averaged 47%. for every positive indicator cited in the setup, there's a corresponding negative indicator of perception that more than offsets the good news. >> well, i'll give you one. housing prices are still going down. we have lost $10 trillion in government numbers in household wealth, $2.4 trillion in the last quarter of last year. so that's not too long ago. what is more, if you measure consumer sales and take out what we call non-discretionary consumer sales, namely flood and fuel, in fact sales are basically one-tenth of one% from jan, so the economy remains very weak. three years into the largest stimulus of both monetary and fiscal policy in our history, where normally the gd, and would be growing at 8% with this kind of stimulus, it's

in fact, yesterday we had a higher day on reports from adp. if you're a fine of the cheesecake factory, prices are going up. you may not notice a big bump higher. it is 2%. they are facing higher labor costs and rising commodity prices. back to you. >> another bank trying to slap fees on checking accounts. is that right? >> we're talking about wells fargo. speaking of the banks, you may notice commotion around a local branch in your area today involving women dressed up as a super heroes. i will explain what that is all about in the next hour. >> thank you. the time is 5:22. how far would you go to teach a child the lesson? one father takes out his frustration on his daughter's laptop. >> don't forget to e-mail us your answer on a question of the day. should it john leopold step down from office? you can share your response on our website, facebook page, or send us an e-mail. >> think about leaving your cellphone in your pocket or purse. pennsylvania's ban on texting went into effect on midnight. police officers can stop any driver texting beh

money the dow jones is up at this hour is 73 points that's because of better than expected job numbers adp said companies added to under 15,000 workers infebruary 215,000 workers in february still ahead it's where martin luther king once spoke the owners of an historic chicago synagogue fighting to keep the city from tearing at down plus federal regulators respond to reports that an ingredient in soda may cause cancer and the brandgroup "santah" is performing live in the studio today.. been arrested in chicago. jeremy hammond is one of five suspected hackers arrested by the fbi. agents say that haven't identified himself as a member of a group called anti-sec hammond was charged yesterday after his home in bridgeport was rated he is accused of attacking into a computer network of a global intelligence firm in texas his group is also accused of stealing using the personal information of 60,000 credit card users >>the man accused of killing a suburban teenager during a burglary will undergo psychiatric evaluation to determine if he is fit to stand trial 38 year-old john wilson of chicago was

we have the adp employment rate out this morning.me start with you before we go to friday's jobs numbers. what is it going to tell us today? i don't have a crystal ball but i think we're heading in the right direction. more importantly, small business is starting to feel, all right, let's start bringing people back on, so i think the trend is going to continue. >> positive trend in the private sector will help us for friday, john? >> oh, yeah, i think ken's got it right. they're showing the survey that businesses are improving. business lending is up. i think the economy has momentum going forward. ken and i pretty much are on the same page. 2%, 2.5% growth. this is good. >> quickly, john, i want to get your view. where do we have to see unemployment to look to see if he's successful. >> i thunk the matching number has to be 8%. going back to terrell ler discussion, is that good enough in american society. that will be the debate. >> all right. gentlemen, unfortunately we're going to have to leave it there. thanks so much for joining

>> they are taking a bigger and bigger chunk of adp. do you think that is happening?ore productivity. now one or two things are hang. we're startediing to see the productivity or the economy is not growing as fast as we thought it would. that would tell us the potential for high growth of the economy is gone and damaged by the financial crisis. i'm not ready to go there yet. if we continue to see strong wage growth, strong employment without strong economic growth, productivity is going down. if 140 over 90 is hypertension, we're at 140 over 88. you're very close. >> keep your eye on it. the question is what that means for gold. gold is down better with a deflationary scale rather than inflakes. if you're at inflation, you buy stocks. >> right. gold has been the qe trade. enough to put the fed on hold. that's why they are struggling right now. it's worried that you might not get qe 3 or something else that is broadly defined as money printing. >> we're at the end of the quarter. volume has been very light, indeed. >> right. >> where do we go from here? are we due for

what is more the payroll processor adp reports employers added 216,000 jobs last month, a jump of 40,000the month of january. apple today unveil add new ipad, with no numbers. according to apple it has a much sharper eye display, with four times the pixils and a siri-like dictation feature. and 4g connection, and a new camera and more. the company also announced update to the apple tv, we thought it might and with us now from san francisco, the editor chief, and i will talk with the apple tv. >>guest: well, they have the highest resolution h.d. tv's at home that run this way and now apple tv delivers video in the same format and they updated the interface of apple tv and current apple tv owners get the update but not the hard way. >>shepard: $99 like the old one? >>guest: it alongs the same and it still costs $99. >>shepard: i have been waiting to hear the ipad. >>guest: no, it is literally the same body. it looks the same. there would be a slight difference but the big changes are need and we have a core ship -- chip that is driving the graphic power, and there are more pixils on the sc

we have had an adp report. two months with strong numbers.oint a lot of market watchers saying it would take a serious surprise to really move the number. they were talking north of 250,000 in gains. the good news is we didn't see dropoff either. it would take about 100,000 or below that to cause real concern. at this point we are motoring along. you will see the dow industrials up by about 30 points. >> slow and steady wins the race. >>> coming up, we'll hear from the white house on the jobs numbers. "the daily rundown" will be back in about 30 seconds. >>> welcome back to "the daily rundown." other stories making headlines. today marks the filing deadline for texas for candidates to get on the real presidential primary ballot. candidates have until the close of business today to file the necessary paperwork. texas will hold the primary on may 29 and has 155 delegates available. senate democrats defeated a republican proposal to revise a keystone pipeline on thursday. it would have taken approval authority away from president obama and given

that helps explain why payroll provider adp thinks companies add 260,000 jobs last month. >>> for those who are vision impaired, using an atm is not getting any easier like it was supposed to next week. "the wall street journal" reports that atm operators are saying they are not going to make a deadline next thursday to make the devices more accessible to customers who are blind orvisually impaired. an industry analyst says half of the nation's atms have compliance issues for those with disabilities so this is a pretty big problem for folks. >> you see braille on atm. >> it's not on a lot of them. that's the problem. >> i didn't realize that. >> the banks are saying they're not going to make the deadline and it's not an enforceable rule unles the companies are investigated by the just department. it's a big problem. >> you would think being customer friendly would be something that could affect the bottom line and they would want to take part in that. what do you have for us in the next half hour? >> phone addiction is going up. we'll be talking about that. >>> a slick band of thieves m

saying that we think that the actual number, we are looking for 210 and that's easily doable given the adpjobless claims and the manufacturing and nonmanufacturing components. that is the dropping recently. manufacturing is becoming such a smaller part of the economy. only 10% are supposed to come from the manufacturing sector. what we really want to focus on is the sectors for the recovery. >> give us the bottom line here. we can easily do 210. are you expecting 210 or we can do 210 with an expectation for higher? >> the average reference week based on this year, the median monthly numbers are 230,000. the market doesn't like surprises. all throughout the recovery we get a big number where you get a big number and it 10s to go down. what's different this month is bernanke's testimony starting to get out there and the fed won't be as loose. maybe 100,000 more than expected, you may see a strong open. when you get that strong open, you see a sell off. >> in an election year cycle, the unemployment rate is critical for president obama. what does this number have to be to start taking down th

>> nfib has 300 member firms and we're taking a sam ple of them, i'm not sure what adp's clients likeers for us. we've got a 139-year history and relates to what's going on in the economy. we think we have it pretty much right. we have big samples there and we don't have a whole lot of sampling error there. >> small business hiring is not as strong in the nfib survey as indicated by adp and people need to know it's another thing, the nfib survey undermines that. thanks very much. >> take care, steve, thank you very much. >> they didn't have the chart i wanted but it shows regulations up there as one of the most important problems and demand still is coming down. which is a luxury -- >> do you know what data? it's trump tuesday. time for another weekly insta installment -- >> am i supposed to know that? >> most people do know that. >> well done. >> donald trump is chairman and president of the trump organization. you think, donald, that we'll know more after these southern contests? >> well, i think you will. i think that mitt romney's doing much better than a lot of people have though

lost in the ipad a fact that apple launched last week the latest version can show photos and videos in adpsting feature has little to do with television. it's called airplane. it allows you to beam photos, music, or videos from an ios or mac device directly to the television screen. now, the quality of the experience is highly dependent on the speed of your wireless connection and what you are trying to stream. ironically, it works better with photos and videos than audio. that's your tech check. i'm jon fortt dd ] hello? hello todd. just calling to let you know i'm giving you the silent treatment. so you're calling to tell me the silent treatment? ummm, yeah. jen, this is like the eighth time you've called... no, it's fine, my family has free unlimited mobile-to-any-mobile minutes -- i can call all i want. i don't think you understand how the silent treatment works. hello? [ male announcer ] buy unlimited messaging and get free unlimited calling to any mobile phone on any network. at&t. i remember the day my doctor told me i have an irregular heartbeat, and that it put me at 5-times great

after that, of course, the adp jobs report. and a report from the "wall street journal" laying out options, possible options the feds considering for qe-3. that also provided some support to the markets. even though there are questions whether qe-3 will go through. also today what we saw was a return to correlated trade we had seen quite frequently, about six weeks ago. we saw strength in the euro. the markets and euro moving in tandem. it was optimism about greeks jobs report, a report on the possibility of qe-3, or options they're considering for q-33. >> i thought it was interesting the banks did well today. i think you have to look at the european banks, too. >> you saw a rebound there, you saw tyler showing you some of those european banks right before the closing bell. that, of course, spilled over into the u.s. banks as well. financials were leaders, industrials were leaders, and information technology getting a lift from, i guess you could say the halo effect of the new ipad. in a return to the risk on trade, we saw sma

you can also shoot for the first time video in 10 adp, so full hd.biggest thing that's really changed is the software within it. you can now edit photos on it, create your own story books with photos, you can edit movies. and my favorite feature is something called jam band where you can actually have four different ipads each playing a different instrument but being synced together to create your own song. >> as apple is dropping the price on the ipad 2, what kind of impact do you thing that's going to happen? >> reporter: that's going to have a huge impact. i'm holding three ipads, the ipad, the amazon kindle and the hp which has died. that's no longer on the market. the blackberry is on the ropes. they're fighting for sustainability. and the ipad is still the leader. the ipad 2 has been reduced to $349. it's still a good buy. my biggest complaint is it's too expensive for most folks. >> it sounds like you're saying there aren't really any strong challengers then on the market for apple. still dominant. >> no. and we want that. we want competition

and an example of who's hiring right now, adp. top college majors for the job, business administration, accounting and marketing. >>> here's another one for you. net developer, now these are people who develop mobile, web or software products. 14,000 positions are listed. mean national salary also $85,000. hewlett-packard is hiring, top college majors computer science, business administration, and management information systems. >>> financial analyst is another one. 31,000 jobs available. almost $66,000 a year for this one. account temps which is a robert taft company is hiring, top college majors business administration, accounting and finance. cdl drivers 32,000 open positions right now. the mean salary here almost $45,000. snyder national is hiring, top skills and requirements a commercial driver's license, tractor-trailer experience, and d. o. t. medical card. and finally health care case manager, registered nurse and program managers. 11,000s job available making a mean salary of $68,000. united health group is firing and --

good adp, they also had a conference call yesterday, positive things coming out of this company and i still like it. >>> next one is a fertilizer company. it's a pop. cf industries, pops about 5%. joe, your take. >> high-beta name. it looks as though the stock right now is developing a range between 170 and 190. that's how you trade it back and forth from there. >> all right. bank of america, popping, 2%. >> i think this is going to be a short-term pop. had an incredible run this year. consolidated in the last week, and i think we're going to see it consolidate back down toward the moving average right around $7 or so. >> drop. first solar dropping 5%. cortez? >> brian, i'm kicking myself. as much as i love the sun, i hate the solar space, this is not a real business, it's a political construct. and there are much lower prices ahead for solar which also, by the way, can't compete with natural gas at these levels. new all-time low on natural gas today. >> there you go. >>> and a pop for iced tea. not the rapper/actor, the drink. coors says it will launch a new light iced tea in canada

adp says a gain of 216,000 private payroll jobs last month. dow up by 20. nasdaq up 12. up by 3. we'll get the february jobs report on friday. back to you. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> time now for a look at what's coming up a little later here on "cbs this morning" and we have gayle king who joins us from new york city. good morning. >> here i am, live and in color. i can tell you exactly what's coming up. hello, elizabeth. eric cantor talks about the presidential race and about iran. and a growing list of companies are pulling their ads from the rush limbaugh program. the impact on the show and how everyone is weighing in. also, she is part of a mythical dynasty and she is -- political dynasty and part of a iconic fashion family lauren bush lauren. she will be here in studio 57 at 7:00. >> love that name. lauren bush lauren. >> when she got married. she was lauren lauren because she married david lauren. >> very glamorous. >>> super tuesday may be a distant memory by the time the republicans finally get a nominee. joining us now to sh

payroll processor adp says the u.s. private sector added 216,000 jobs in february and upwardly revised january's payrolls by 3,000 to 173,000. good news for the labor market ahead of friday's government jobs report. the mortgage banker's association says mortgage fell 1.2% last week. financing activities slipped but home purchasing activity increased. >>> netflix is reportedly in talks with cable companies about possibly adding movie streaming service to the lineup. that would make netflix another on demand option for subscribers. reports say at least cable providers could experiment with adding netflix by the end of the year. >>> it is the real life lies of the machines. ibm's watson come pewter beat the pants after jeopardy's champion. now interest land ad job on wall street. citigroup has wired watson for its retail banking business to advise on risks, port pole yoes, and clients. that's one smart machine. barbara, back to you. >> sounds like it. okay. thanks so much. >> thank you. >> have a great day. >>> approximat

maybe because it's a big data week with both jobs, adp, one metric and friday from the bls.ut something big is going on. we continue to see what started in february lots of corporate issuance. dollar denominated. we see it again. barclays here we are around 180. if you look at the yield on the 618 over for the high yielder jump, maybe more interesting. we see many european names coming in here in droves to tap the junk market probably because the yields are so juicy. right now today look at some of the names coming to the party. we have directv, o mega health care, the low interest rates are a big positive for more corporations domestic and abroad. tyler, back to you. >> rick santelli, thanks very much. and stocks are slipping after china cut its gdp forecast. the dow, nasdaq and s&p all down. the dow by 44, nasdaq by 27 and the s&p by 7.5. china trimming its economic growth outlook for the year from 8% to 7.5%. and that is an eight-year low. what does it mean for investors? let's bring in our power player, chief investment officer for global access portfolios at jpmorgan pr

adp and nonpharma payroll. on the strong side like we've been seeing better data, then you'll have potential to break through the range on the other side and get close to 250 which we haven't seen in months. right now the move is not there. you're really in a trading range. there's potential to move big in either direction once you finally get the factor that propels it. >> the triple play has been completed. thank you very much. gordon, jeff, holly, you're out. all three of you. thanks. >> all right. just over two hours left in the trading day. charts of the day coming up in just a minute. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. on december 21st, pol

according to the processing firm adp.ns helped to boost consumer borrowing by nearly $18 billion in the month of january. and apple unveiled its ipad 3 earlier called the new ipad. a lighter, better model with a high definition display and two cameras. prices start at $499. that is it from cnbc first in business worldwide. now it's back over to "hardball." >>> welcome back to "hardball." dozens of advertisers have now ditched the rush limbaugh show after limbaugh owes offensive attack last week on georgetown law student sandra fluke. today rush played down the feeling or the fleeing i should say of support. >> everything is fine on the business side. everything is cool. 28 sponsors out of 18,000. that's like losing a couple of french fries in the container when it's delivered to you at the drive through. you don't even notice it. none of what's happening is out of the ordinary. it's just part of an onslaught to try to convince you that this shows history. and our days are numbered. and i'm happy to tell you nothing could

everything seems to suggest whether it's adp or claims today to continue to muddle through.nd nothing to bring the unemployment rate down in a big way. >> i think that's right and better than muddling through. what we at principal is seeing from our small, mid-sized business clients is a job creation for five or six months. that's come through in the data. in the last two or three months and i think tomorrow's data is no exception. i'm expecting 200,000 to 250,000 jobs created. now, that is not a lot as you say compared with the 7 million or 8 million lost in the great recession but gets us back on a three or four-year period to the kind of employment level we had in the u.s. i think that's just fine. it's consistent with 2% or 3% growth. again, that's good for u.s. markets. >> yeah. jim, you know, we bumped up against 13,000 and then we had some worries about greece. obviously, energy prices are getting everybody's attention. the chairman seemed to have a more subtle message with regard to easing last week in his testimony. and now we are getting china bringing their growth

we're expecting 200,000 on both adp and the bos.he real issue will be, is there going to be more people employed than there was last year, two years ago, five years ago. the market is getting smart and it digs down deep on many of these data points. back to you. >> and goldman's jim o'neal on "squawk box" this morning suggesting another blowout on friday could give us another leg up on the equity markets. a major move as people perhaps reassess their doubts about the american economy. >> i agree, simon. and i think you know, any improvement, just like today's ism, best in a year, there are bright spots, we want to make sure that the eraser of uncertainty doesn't take them off the chalkboard. >> thank you very much, rick, we'll come back to you in chicago in a few minutes' time. let's focus on the internet ipo fever, yelp, after a strong start, surging 50% in its first day of trading friday. zynga has been on a great run since going public in december. so can we expect the same from facebook when it makes its big debut this spring? m

. >> michael tweets, i think adp might be a good play on improving u.s. that? >> i like adp. this company is the largest payment processor and hr outsourcer. the company is a pricing power. pricing power to me is very important. i like this one a lot, and again, it's trading in line with its average, so pretty attractive. >> and a great credit rating, as we all know, as well. jan asks, general interest in home renovation-related stocks, especially home improvement stores. >> there's a lot of ways to play housing, right? the one way we're playing it in the charitable trust is stanley black & decker. 50% of their business is do it yourself and the other 50% is industrial tools and security. you kind of get the one-two punch, housing and manufacturing, which we like. >> please talk about suri. equipment rentals are still in early stages of recovery. >> it's a great story. if you believe the manufacturing environment is improving, which again, we do, these guys will benefit. the interesting wrinkle here is they're buying their number two competitor. so i like

a new survey from payroll firm adp shows private employers added 216,000 new jobs in february. >> wefor several years in a row to make up for the 8 million jobs that were lost after the 2008 crisis. >> reporter: the labor department will release the official unemployment numbers for february this friday. rob and paula? >> our thanks to t.j. for that report. >>> well, recall notices are going out to hundreds of thousands of toyota owners because of two different safety defects. nearly a half million tacoma pickup trucks from 2005 to 2009 need steering wheel repair so the driver's air bag will work in an accident. camry sedans and venza wagons made from 2009 to last year have wiring issues that could make it difficult for drivers to start the car or shift out of park. all repairs will be done free of charge. >>> all right. this is kind of a fun story but not really. a south florida woman is embarrassed and pretty upset after a first date turned into a pretty hellish experience. police say the woman's date scoped out her house and then worked with an accomplice to rip her off when she l