that can be verified by adp. that can be verified by adp. verified by -- >> laura: how many people have left the workforce. >> a lot of people have left the workforce. >> what did the cbo say two days ago about the debt bomb that's going to go off in the future. >> that's republicans create. >> laura: what? >> that the republicans help to create. >> tara, do you not agree. >> laura: one at a time, go ahead. >> have you been overtalking me if i can have an opportunity to present. >> do you not agree. incredible this is a giving president trying to rely on gimmick 3.75 million jobs right now. workforce training in order to ensure that americans take those jobs? and that -- al awlaki and that the republics are blocking that plan? >> but. [talking at the same time >> laura: i would like for the republicans to be in charge of everything but they are not. we have to work with the republicans and the democrats. >> but you are not. the problem is you are not. >> work with us when you controlled both chambers of commerce and you had the president, ri

and expectations rained in after yesterday's disappointing adp data.t since 1995, so the employment picture getting worse. and euro-dollar just hit a session low on that number of 123.20. it's been a day of weaker expected data. but that's pushed beyond yields to record lows and it's not doing much for the futures right now ahead of the employment report. >> if you take a look here, it's back to red. dow jones pointed lower by almost triple digits. s&p 500 is pointed down about 14. this has a lot on do with the mood we saw across the globe in overnight trading. global 300 down about 0.4%. started out okay, but things have accelerated to the down side as we continue to get a string of negative data points including the jobs figures and manufacturing figures we spoke about off the top. the ftse 100 at this point in the uk down about 0.4%. xetra dax down almost 2%. 1.85%. that's more than what its 30 year borrowing costs are at the moment. and in spain, the ibex down only 0.3%. >> this is the chart that really matters here ahead of the take in the u.s. wh

the adp, national employment report today suggests the private sector added about 130,000 jobs in may, similar to the number last month. it reinforces and confirms that hiring has slowed down after some strong months in the winter that may have been boosted by warm weather. >> tom: let's take a look at the past year's worth of the data that your firm co-authors with aadp. you number these numbers wells showing job growth has slowed considerably since november and december it is half the rate it was at the end of the last year. why is that? >> part of it is that overall economic growth has slowed and employment is well-known to lag behind that. so when gdp growth slows as it has early in the year, a few months later employment starts to slow as well. but i also think that there are other considerations that are weighing on businesses's decision to hire. some of that comes from across the pond where uncertainty about the resolution of the eurozone crisis is probably giving pause to employers before plunging into hiring. and of course towards the end of this year we had the concern that

what i'm curious about as an employee and just to hear your thoughts on adp, automatic data processing. >> i think employment growth is very weak in this country. i think therefore you are not going to get anything better from auto data that you got from paychex. stay on the sidelines. nothing to write home about. eduardo in texas. eduardo. >> caller: yes, jim. good afternoon. this is eduardo in texas. my question is prudential, pru. after the quarter today do you think it's a sell, sell, sell? >> i think prudential had a bad last quarter. i'm mystified by it. my charitable trust blew out of it before the quarter. once it came down you look again. no, $46 doesn't tempt me one single bit. steve in pennsylvania, please. steve. >> caller: boo-yah, jim. >> boo-yah, steve. what's up? >> caller: i'd like to say that i like watching you in the morning. >> thank you. >> caller: i watch you every night. >> you're terrific. thank you very much. thank you. >> caller: okay. i'm having a hard time with one of yours and my favorite stock. cmg, chipotle. i know with consumer sentiment and discretiona

many states going for the first time to outsource the care of their medicaid population to copies like adpnd cnc. there's another big, big massive opportunity called dual eligibles. we spend over $300 billion annually on 9 million americans today that both of beneficiaries of medicare and medicaid. that's another opportunity that will happen regardless of health care reform. if you want to sleep well at night, the stock i would recommend that is the best position for whatever happens is united health care ticker unh. >> that being the largest of the hmos. >> that's right. it's the largest. you're not going to get as much bang for your buck but i tell you they have wave after wave of new products and innovation relating to what ails this country, which is we need to bring health care costs down and we need to improve outcomes. that's what keeps these people up at night and driving to solutions. >> steve grasso has a question for from the floor of the exchange. >> hey, chris. we've seen other fund managers positive on the hospital names. i agree with your rendition of how it will play out. i

that has come down, the estimates have, with the adp number and other data points we've seen. least from 150,000 which was a paltry number we saw in april. the unemployment rate, which is i think actually prohibited from going up here between now and november seen holding steady -- >> blah, blah, blah. >> -- at 8.1%. our panel of experts is ready to give their final predictions but first our morning headlines. >> the futures have come under quite a bit of pressure this morning. this after new numbers from china showing weakness in demand for chinese products. that's started things and then we have all these concerns still about europe. right now you can see our futures are down by 108 points, the s&p off by over 15 points. these are moves over a percent lower for the s&p and nasdaq and the dow down by almost 0 .9%. the real concern is what's been happening with the european markets. right now greece is down by 3.8%. believe it or not spain has ticked barely higher. of course this comes after many, many days of being down. in germany the dax is down by 2.77%. the ten-year here

some -- and i don't want to get too technical, but there's other readings of employment, the so called adp. i don't think we're going into another recession. i don't think it's a double dip situation. but i do think given the downward revisions in the previous two months, i do think it's more worrisome than just one month of data. >> and we are so interconnected, jon meacham, that as europe falls, what happens in greece? what happens in spain, what happens in italy, it impacts china and impacts us. this isn't -- obviously, this isn't all in the president's hand or congress' hands. >> the domino effect may not have been good cold war analysis but is good global economy analysis. i was going to ask you, in terms of taking all of ezra and steve's points in terms of not overreading the numbers, i'm more interested in the faces you saw. >> see, i think that's a bigger issue. i think the financial results are a byproduct of confidence and action. what i'm seeing are -- is more concern, less confidence, and a trepidation to be making capital investment and employment decisions of growth. and the