we did see in the adp report small businesses continue to higher, but what about bigger companies? >> you know, that's really important, small business in the adp report, because the payroll service company tends to catch new business formations well, which isn't always captured until later. that is actually encouraging news there might be more business formation out there than we're capturing in the official data and we'll get it on later revision. bad news is what you've heard not all big companies are hiring. that's where the hesitancy has been. >> thanks for being with us. >> thanks. >>> one area that continues to higher still is health care, despite what diane just told us. as jean wells tells us, one unique sliver of that sector is really booming. >> reporter: 88-year-old irvine has been able to age gracefully in her own home with help from caregiver victoria. >> i couldn't live without her. >> reporter: dorothy sable has hired sydney caplan to take her on errands. as america grows older, a growing trend is senior home care, a service not covered by medicare but more american

to say a 20,000 to 30,000 difference. >> didn't adp -- >> for three months. >> adp revised january upin very quickly. what's the your guess for average hours worked. i mean, i know that's a real important one to watch just in terms of hiring. >> i actually bet that ticked up a little bit. that that kind of absorbs what could have been job growth. but i'm not sure as we approach the deadline for instituting obama care you're going to see more movement to increasing the hours -- >> you're the only guy we ask for that. we can only ask one person that we wanted to ask you. >> our panel is going to stick around. our panel is going to stick around for the february employment report which is just a couple of minutes away. right now as we head to a break take a look at the futures. [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right profe

adp continues to give a little buying power. "squawk on the street" live from post 9 at the nyse when we return. shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> shares of facebook moving higher, up 47% in the last six months. here's cramer's take on the stock from "mad money" last night. >> i'm a long-term bull on facebook. even as i didn't like it out of the chute, after initially struggling with the user base from desktop to mobile, i think facebook's now mastered mobile. t

and the adp number has been robust the past couple of months.eraging 200,000 in the three-month basis, but you haven't seen that echo in the bls data. i think we're now marking the third anniversary of the jobs recovery. and pretty much worth settling into a pattern of about 175, 180,000 jobs in the first quarter of the year and then tailing off. but what's happened in this particular period is we had the fiscal uncertainty, the fiscal follies in washington. we had the snowstorm. we had concerns in the public sector. so when you net it all out that we're getting growth even at my low number is fairly impressive. >> it's a great point that we've seen figures. maybe it's a seasonal adjustment effect, maybe it's the china new year effect. but what seems to be the real tell here? and which of the numbers in today's report matters most? >> well, yeah. i think what we still have to look for is a broadening of the gains. so this overall jobs recovery has been very, very concentrated. all of it has occurred in the public sector, within the public sector

i think anything over 225,000 will give you the same dynamic we had in adp, and i think that would gives a close around 205 to 208 which isn't huge, but it would still represent a new high close, and i think anything based on old expectations of around 160,000 at this point is going to be a little bit disappointing, and when it comes to the unemployment rate, i will handicap whether it's real or memorex by looking at things like the labor force participation rate and i'm sure i'll be joined in that exer size by ben bernanke who now has some flesh in the game about the unemployment rate. >> let me stay with you, rick, because this morning mario draghi, ben bernanke's counterpart in europe, said, you know, things are getting back on track after the dislocation in italy. he's not going to cut rates right now again. how much of that is a support for the markets right now, do you think? >> well, i'll tell you what. the euro had a lot of short bias in it for laying the groundwork for a potential ease, so i think it has a lot to do with at least the dollar index part of the equation, to some e

strong job numbers from private payroll survey adp has encouraged investors to buy the dollar. taking a look at the euro against the yen that's changing handing against 121.98. taking a look at other markets in the asia pacific. seoul's kospi we will keep track of trade moves for you over the course of the day. >>> u.s. democrats and republicans are seeking ways to prevent the expiring of the provisional budget from adversely affecting people's lives. congress has yet to enact this year's budget due to disagreements between the two parties. the republican controlled house of representatives passed a bill on wednesday to extend the budget until the end of september. it approved a bill that says the part that includes defense spending will be exempt from automatic spending cuts. other items including education and transportation should also be exempt from the cuts. they plan to deliberate related bills next week in the senate where they hold a majority. both parties agree that measures should be taken to prevent the expiration of the professional budget from affecting some admini

for february, you have the adp report sit to hit the tape at 8:15 eastern time. first, andrews has the top headlines. >>> venezuelan president chavez has died after a battle with cancer. little reaction in the oil market. chavez oversaw a decline in oil production during his 14 years as the leader of venezuela. analysts don't expect that trend to change immediately. michelle caruso cabrera is going to be joining us in the next half-hour to talk about all this and what it means. >>> in corporate news, e.u. regulators set to hit microsoft with a hefty fine today. the antitrust chief in europe will be saying that the company broke a promise to offer consumers using its windows system a choice of rival internet browsers. didn't that debate end a long time ago? i feel like this is so backward looking. anyway, google has also begun testing a same-day delivery service. it's called google shopping express. the setup helps local retail stores sell products on line and have the items delivered to shoppers the same day. the service is google's latest move into amazon's e-co

eastern time and jumping from adp today, a beat above the estimate, we'll see if they come in with the beat, as well. now let's get to "halftime." >>> all right, carl. thanks very much. welcome. there's four hours to go until the close there on the wall is where we stand. the dow off the best levels of the early day. we were over 14300. down a bit. still dow, s&p positive. nasdaq a touch negative. heerl's what we're following on the half. free markets, fair markets? is a new public stock exchange good for the market and your money? the forgotten five. what to do with them right now. >>> now what? with the record high in the books, where do stocks go from here? too late to buy in or is it just getting started? we're trading the action. answer that question. >> i don't think it's just getting started but i think you have plenty of room to go still. when's interesting is i was part of an e-mail chain last night of about 30 fund managers, both only and hedge fund managers and somewhat skepticism of what resonated the most with me is, sure, where we were, the market's risen so much back to

market is getting a boost this morning from adp. and saying there was decent job growth in february a gain of 198,000 jobs. that's quite a bit better than what was expected. they also revised january higher by 23,000 to 215,000. this leads up to the employment report on friday from the labor department. it is looking for a gain of around 160,000 jobs. usually a bit more conservative than what adp reports. there could be government cuts, unemployment expected to stay around 7.9%. fortune is reporting this morning that youtube is considering launching a new music streaming service in which for a subscription, you would be able to skip the ads at the beginning of music videos and probably get some other features, as well. let's check the stock market. after its record setting session, right now the dow is up by 48 points at 14,302. first time crossing 14,300. nasdaq and s&p both up. s&p only 21 points away from setting its own record high that was from five.5 years ago. michelle and frank, back to you. >> what goes up does come down ev

lori: now working your analysis of the adp private sector better than expected. moving the average dust levels in a couple of years so what does this portend for tomorrow? will it be a highlight generator? >> absolutely. looking at the report card, i will give it a b+ at this point. the adp report looks solid, both the service sector and manufacturing look decent, jobs plentiful in the consumer confidence, so a number of labor theories are telling us the labor market is holding up. the three-month average on payroll about 200,000 per month so we're looking for 180,000 tomorrow, that is a little bit below that average for the reason for that is we think that blizzard that impacted the northeast at the beginning of the survey may have depressed the numbers slightly. lori: the dow in record territory right now, more signs of an improving economic picture. there's a school of thought that things are better economy may actually be a risk to the stock market if you believe the main reason stocks are rallying is the federal reserve and monetary policy. what are you thin

a lot of people are thinking they could be better than expected, as we saw with the adp numbers yesterday. > > i think that they will probably beat, but they better beat handily here, because we are now getting to a market that is kind of priced for perfection. so if they don't really beat, i think it is going to be an ugly number. but i think they will actually beat the street expectations here. > all right todd horwtiz, thanks so much. > > thank you, have a great day. bp is facing a new civil trial. shareholders will take the company to court in a civil trial set for august of 2014. bp is accused of misleading shareholders in the wake of the 2010 oil spill. meanwhile, another civil trial continues this week in new oreleans. a retired rig supervisor testified wednesday that he was not under pressure from the company to ignore safety measures in order to cut costs. in other bp news, it's been reported that ceo bob dudley received a $837,000 bonus. his total pay package was $2.67 million, which is down 21.5% from 2011. this afternoon the federal reserve releases the preliminary results of

. > > well, today's adp report is going to be a key one to watch, and also friday's bls report. remember, from here, it is all about economic data. what we have on our side right now is momentum, and i think traders shouldn't be jumping in with all their money trying to buy stocks, but wait for those pullbacks, buy on the dips, and make sure that the economic data continues to at least be flattish to positive, because that is all the market really wants. but right now, the trend's your friend, and you have to follow it. > all right jared levy, you have fun out there today. thanks. > > thank you sir. it is technically illegal to unlock your cell phone purchased through a carrier such as verizon or at&t at the end of your service contract and switch the same phone to a different carrier. it's considered a matter of copyright infringement. but as our cover story explains, that may change. it's considered by some a peculiar interpretation of copyright law. the librarian of congress, james billington, determined that "locking cell phones is an essential part of the wireless industry'

the markets began the day higher after better than expected news about jobs with payroll firm adp reporting 198,000 private sector jobs added back in february, more than economists expected. also helping today, applications for new mortgage loans shot up 15% last week after home mortgage rates edged a tad lower. >> new records have a way of making investors feel optimistic. they also triggered new worries as people try to figure out if the next milepost is dow 15,000 or dow 13,000 again. at these heights, there's fear of the unknown and plenty of caution flags flying. is it too late to get into the stock market? that was the question individual investors were asking all around the country today. the headlines and the euphoria about a new milestone for the dow were tempting for many investors and scary for others at this charles schwab center in new york city. >> i think there's a game in the back room that we're not allowed to see. >> even some wall street pros have their doubts. >> this is one of the most reluctant new highs i've seen in a long time. >> many strategists say that it's bette

and earlier this week, payroll company adp reported that private sector added significantly more jobs than expected. >>> this week's good employment news pushed the dow another 33 points yesterday to a new record high. the dow has gained 9.5% this year. investors were encouraged by a report that most big banks are in good shape. >>> senate banking committee members said the big banks caught laundering money for big drug cartels got off easy. the british bank hsbc only paid a fine and didn't face criminal penalties. some of the senators at the hearing say such banks should not be allowed to do business in the united states. >>> you may be seeing facebook's new look when you logon. the new design shows bigger photos, videos, and links. and not to mention those ads. the goal is to make the network more valuable to advertisers without upsetting users. >>> the stiffest competition for the apple ipad is proving to be the ipad mini. apple expects to ship more than 1.5 times minis this year as a full-size tablet. apple has cut back production for the regular size. >>> two mothers want kraft t

chief financial officer of adp. processor in the world. 600,000 plus clients at this point. >> that is right. tracy: with all the regulation that reporting standards healthcare now having to be reported, what are your clients saying about all of this? >> the amount of regulatory change, including the affordable health care act. it is good for us. they are looking for adp to help build and release them from the regulatory pressure. ashley: small businesses, i think, are realll struggling. the bigger companies that have a global footprint can actually were alive, but for the small companies that rely on the economy, credit is still tight and they are not spending as much. it is a very tough environment. >> political uncertainty is certainly contributing. if you look at our national employment report last month, small businesses have generated a large amount. tracy: you are working with booties to get your report more in line with the government. i we talking about apples and oranges a little bit? why the constant pres

a positive adp employment reports more workers than expected.hers, as you see on the screen as they look at these records once again, spinning forward to friday when the labor department releases the february jobs report. let take a look at the s&p. the nasdaq which has been down earlier is up about two points. we have the russell 2000 of a third of a percent today. in terms of sectors, we has the money flowing into financials. bank of america moving higher. not that it off. citigroup is up after raising the price target on the stock from $47 to $49. goldman bringing up the rear. up one and a quarter percent, solidly in the green. first solar placing higher by four and a quarter percent. raymond james upgrading. warren buffett owns a stake in one of their projects over at first solar. look at staples getting ripped. fiscal 2013 earnings will come in below analyst estimates. investors hate that right now. you have ebay down 2.5%. the internet auctioneers slowed in february as consumers cut back in spending. no more used showerheads at the moment

mix close in a positive jobs report from adp.as for your bloomberg silicon valley index it was lower on shares of apple and eeb yai. disney shareholders rejected a proposal at today's shareholder meetings with bob iger set to least company in 2016. also reelecting the board and approved compensation packages. >> back to you. >> a warning about a new and expensive tax refund loan. regulators cracked down on refund anticipation loans from baumpkz now groups say tax preparers and cash advance stores are offering a more expensive version. many loans have a typical interest rate of 36%. other companies are giving customers a portion of refunds then keeping the rest. >> we had rain but i saw breaks of blue skies today. >> showers were widely scattered. it may be more organized tomorrow. the showers. here is a look at live doppler 7 hd. you can see what i'm talking about. we have patches of green widely scattered. most of the bay area is dry at the moment. we do have patches of shower activity in terms of precipitation. than any other p

adp has gotten better with their numbers.checks for most companies. you have some type of pole on the job market. when i was watching cnbc. one of the things that people kept saying was thinking that unemployment will go at 9%. i think we are kind of stuck and we are tried to see what will happen. mark was stating that it was one to get better. but it is not want to give better that fast. february is the month where stocks differ. unemployment is still very problematic in america. this is especially for people aged 18 to 35 years old. >> we will talk more with rob black later. >> the time is 6:48 a.m.. here is a look at the weather outside. here is a shot of the bay bridge and it is still very wendy l. side. >>windy outside. >> storm tracker 4 is not picking up much but just light rain around santa rosa and palom petaluma. most of the rain is now to the south and east. we're still trackings know if you're headed up to tahoe. if you should keep your chains handy because they have a winter weather advisories to 10:00 p.m. tonig

adp at 198,000 this morning came in above expectations. listen, in the grand scheme of things, in any post recession, this is the worst post recession recovery ever, but the street will go crazy and they will say you know what, the mentality will begin to change. sandra: you get a bad number and they predict the fed is going to continue its monetary policy longer, the market -- stuart: heads you win tails you win. if it's a bad number on jobs, they keep printing, stocks go up. if it's a good number, stocks go up. charles: where's the next 100 move going to be -- where's the next 100% move going to be? i'm thinking longer term. i don't care if the market pulls back if bernanke stops. i will be in there buying. i don't buy the market. i buy individual names that are doing great. stuart: you are a bull. charles: but i've been a bull throughout this 100% move to the upside. but on individual names that are doing great. if you want to be an owner of a great company, it's the easiest thing in the world. sandra: optimistic. stuart: cautiously opt

adp reporting the economy added more than expected and it came to private-sector jobs, 198,000, the estimate around 170,000. small businesses with less than 50 employees did the most hiring this month adding about 77,000 jobs. a lot of you on the treasury with the most rise in three weeks following the employment report which looked pretty bullish. 30-year yield rising three basis points. david: we have it all covered. our market panel. gentleman, lady, thank you very much for joining us. what is driving, who is driving this rally? a rather muted rally but still an all-time high. >> ho-hum, another rally. this looks like the late comers to the party, finally some retail money is coming in, the fund managers who missed the rally up are now chasing the market up, and what you are seeing is the market is being chased up by the late arrivers and we're starting to see a weakness in the tape. you're starting to see a little bit of weakness, although we closed another record high, i would be very leery and cautious at this level here. liz: a lot of people are still l waiting to see the s&p 500 get

adp says companies added 198,000 workers in february.ob gains in january were higher than first reported. the labor department is expected to issue its monthly jobs report on friday. >>> in the sierra tonight, they've gotten between 12 and 20 inches of new snow from this latest winter storm. ken pritchett reports with the conditions on the slope and for people trying to get there. at one point you faced rain and ice. miles later, it was snow. at times, blue skies were overhead. dropping flurries on the road ahead. >> classic spring storm. a classic march form. >> reporter: he says what makes it a classic storm is how it snows, and stops, and snows again. the chains move with it. >> they just moved it down. back down around 3,000 feet again. >> reporter: we were about a mile past the chain controls, when we came across this. a pickup truck that skidded off the road. >> four wheel drive. carrying chains, but they didn't stop us to put chains on. >> reporter: on his way to reno, his spinout, an example of how even a 4 x 4, can help but not

adp says companies added 198,000 workers in february.ob gains in january were higher than first reported. the labor department is expected to issue its monthly jobs report on friday. >>> in the sierra tonight, they've gotten between 12 and 20 inches of new snow from this latest winter storm. ken pritchett reports with the conditions on the slope and for people trying to get there. at one point you faced rain and ice. miles later, it was snow. at times, blue skies were overhead. dropping flurries on the road ahead. >> classic spring storm. a classic march form. >> reporter: he says what makes it a classic storm is how it snows, and stops, and snows again. the chains move with it. >> they just moved it down. back down around 3,000 feet again. >> reporter: we were about a mile past the chain controls, when we came across this. a pickup truck that skidded off the road. >> four wheel drive. carrying chains, but they didn't stop us to put chains on. >> reporter: on his way to reno, his spinout, an example of how even a 4 x 4, can help but not

a strong report from payroll processing firm adp shows private sector employment increased by 198,000obs last month. that is much better than expected. >>> and in etna had a spectacular eruption last night. this video is showing europe's tallest active vocal know sending plumes of ash into the night sky. eruptions are not uncommon, but italian scientists say they've registered activity. >>> and is the royal secret out? british newspapers are buzzing with speculation that prince william's wife is expecting a girl. why? according to a telegraph, the duchess almost let it splip. one handed her a teddy bear and she said, thank you, i'll keep that for my d -- then said my baby. >>> russia's ballet rocked by scandal. first, the company's artistic director attackeded on the street and now, a confession from one of its star dancers. it's happening in the heart of russia's capital, moscow, and that is where our phil black is. so, this is a very bizarre case. police have a number of suspects confessing. do we know what the motive is? >> as described by the police, that there is a hostile relati

and adp did look yesterday in terms of a friday.0 jobs, i think our economy can move ahead there. >> sequester not an issue for you? >> at most a half a point on gdp. and very honestly, the more and more time i talk to, they say, yeah, for the government to tighten its belt a little bit, i like that. you know, a lot of this is show. we don't do tours of the white house anymore. come on. you want to -- you know those people that want to get, you know, get those spending back, try to make it very, very visible, but if the government can't tighten just a, you know, a couple of percent, you know, that is not a good sign. >> but you think the government, by the way forget about the government, the fed, you think the fed is going to come tightening sooner or later. >> i think because the economy is better. second half of this year i think we're going to see 3% to 4% gdp growth. not first half, because we do have the sequester, and the impact on the taxes and all that. but i think as housing, picks up speed the second half of this year, an

this comes a day after adp reported a much better than expected gain in the month of february, an increase of 198,000 jobs. here's hampson pierceson with a closer look whether that data points to a better jobs market. >> reporter: in the nation's capitol today, a sure sign of spring and perhaps an improving job market, a jobs fair with lots of eager applicants. >> i have a lot of experience. i'm well qualified for this line of work. i've got a good set of

adp reported a solid rise in private sector payrolls for february. u.s. factory orders fell less than expected. the s&p 500 posted a slight gain. it is just 24 points away from hitting its record high. meanwhile nasdaq slipped fractionally from a 12-year high. we start with washington's full-on spending spree. you may have heard about the pesky sequester. pay no attention. we have the shopping list where your tax dollars are actually going right now, just as things like this are happening. take a listen. >> resulting from sequestration, we regret to inform you that white house tours will be canceled effective saturday, march 9th, 2013 until further notice. unfortunately we will not be able to reschedule affected tours. melissa: okay. so all the tourists who waited for a day to take a stroll through our nation's presidential palace being turned away. we have rest of the details might be hearing elsewhere. some might say the president's priorities are a little bit off. joining with more is democratic congressman john garamendi. thanks for joining us. we pla

jobs added in february, adp noting that was the lowest level since october but stock futures popped points, so yesterday's record high optimism continuing this morning by the looks of that job report. we get the official jobs report on friday. today a record high in stocks, this morning another record high hitting you in the wrong way. last year was a record jump in the cost to go a public university. the average tu tigs jumped more than 8% in a year, state funding down 9% on average. states are strapped. higher education funding gets cut. here are the four states with the most dramatic increases, this is for full time students over five years, in georgia, students at public universities paying 77% more than in 2007, inment number 54%, minnesota and virginia more than 40% increa increases. families do not have the means to be saving 40% more than they were just five years ago. >> a lot of the cost is shunted to students. my husband and i run this foundation, send girls off to college and a number of the girls come in with so much debt like $40,000, $50,000, $60,000, if they get a jo

the february adp report out at 8:00 eastern.ease of 178,000 expected in private equity payrolls versus january. at 10:00, january factory orders, developed to drop 2.1%. then the latest beige book report. fed president richard fisher speaks this evening. you said the fed needs to get out of the way, a short while ago. do you think they'll get out of the way on n your -- in your terms? >> no, president fisher is in our camp of wanting to have less k q.e. but at a lunch last week, san francisco fed president john pms spoke. we heard from ben bernanke twice in his testimonies. they're going to keep q.e. going into the second half of the year. the talk of tapering i think is reflecting the concerns of those who really don't have a vote. only esther george has a vote at the present time. she's descended -- >> trying to carry out the legacy. >> absolutely. and you know, the city fed carries an important message, represents the heartland of the u.s. they've seen the impact on quantitative easing on -- >> unfortunately they're not getti

the markets began the day higher after better than expected news about jobs with payroll firm adp reporting,000 private sector jobs added back in february, more than economists expected. also helping today, applications for new mortgage loans shot up 15% last week after home mortgage rates edged a tad lower. >> new records have a way of making investors feel optimistic. they also triggered new worries as people try to figure out if the next milepost is dow 15,000 or dow 13,000 again. at these heights, there's fear of the unknown and plenty of caution flags flying. is it too late to get into the stock market? that was the question individual investors were asking all around the country today. the headlines and the euphoria about a new milestone for the dow were tempting for many investors and scary for others at this charles schwab center in new york city. >> i think there's a game in

but adp yesterday definitely triggering a bit after move as well. i agree, tomorrow's nonfarm. always about jobs, jobs, jobs. briefly weigh in on the dollar. dollar index and seven-month high. only one person on the entire planet, how would you decide if it was big or short or tall or fat or skinny. it could wo be hard because it is about rel tist. relatively speaking i don't know if this is a great dollar trade, just a negative euro trade, yen trade and negative british pound trade. back to you. >> talk more about currency as well in a minute. in the meantime, as stock market rally continues. where should you be investing now? to the buckeye state and president ever james advantage funds and pete, senior portfolio manager at hunting ton advisors. very simple question to begin with, barry. how do you feel about this, are you nervous? >> well, i'm always nervous when the markets are rising. we've come from a place where you add falling knife back in march of '09 and we have come 150% since then. as i look at market today, i try to look at how the economy looks and how the market

but the move started at adp yesterday and continued a bit. due to stocks holding their gains. if you look at one-month chart you can see we are close to high yield closing a little above 2%. contrast that to the ten-year in their own backyard. closer than high yields than low yields. the chart says it all. there isn't a cut in rates coming any time soon. look at the pound versus the dollar, highly unchanged. nothing changed by the mpc at uk bank as well. tyler, it is all yours. >> mr. santelli, thanks. pushing the dow with highs today. are the average americans more wealthy today? steve liesman has a new fed report. steve? >> yeah, a long time coming folks and long time gone. the c o 0cosby, stills and nash song. all of the assets owned by americans minus liabilities. at the low we saw $16 trillion to 51.4 trillion. we've come back, taking it just about five years to get back what we lost in the financial crisis. that is just about a trillion and change, up below that. how did we get back? you can see, household wealth fell and it just is cre

numbers out from adp. we like to see that revisions of the previous month up to 215,000 for january. that's good news. now, this all comes ahead of friday's big labor report, which everybody will be watching. expectations at the top level will stay at 7.9%. 7.9% unemployment. which is not pretty. expectations that total jobs will grow 160,000. you will probably see some government jobs lost there. so, some good news out of the jobs market. we will get the big kahuna on friday. >> what are the you call them the smart people downtown. what are they saying about how long they think this might last? >> they don't know. >> shepard: i figure they are saying something. >> it's a guess though. what's so interesting about this is that you were talking about how much money you would make if you had put money in at the bottom, right? >> um-huh. the relate is that most americans have not done that stocks have doubled over four years. but individual investigators have pulled half a trillion dollars out of the markets d

good news from adp earlier this week.than $44 billion from the month before. experts fell over 1%, weaker sales to europe, china, japan and we had a huge rise in oil imports up over 12%. that helped fuel the gap widening quite a bit. yahoo's ceo marissa mayer raised eyebrows by bringing telecommuters back to the office but shareholders are happy to see the stock up nearly 50% since she took office and the board rewarded her giving her a bonus of $1.1 million. that's on top of her annual salary of a million dollars. yahoo's stock continues to rise. it's at its highest level since july 2008. right now it's gaining another half percent. stocks overall on the rise this morning. the dow gaining 33 points. it's up well over 14,300. nasdaq is up 2. s&p is up by 1 point. frank and michelle, back to you. >> thank you. >> looking good. thank you, kcbs radio's financial reporter jason brooks. >>> some more changes are coming to facebook. the company plans a news conference at 10:00 this morning where it's expected to unveil some big

in the last two weeks we've seen isms, adp, payrolls, jobless claims, retail sales and industrial productionll beat expectations. that should tell you the economy is doing better than you think and that's helping the stock market. that's my quick take on the economy. i'm not the only one. listen to actress mila kunis. >> i'm an advocate put things in the bank, lock it in a cd and be safe. i've been push forward to take chances and i'm learning a little bit about the stock market and companies. >> all right. my kind of gal. i'm not being political one iota. i'm looking at the data. you look at the data and you'll see what i see. the economy is getting stronger. we'll be right back. up next the question will be are the young gun libertarians taking the leadership role at cpac so far? we're going to talk about that with one under 35 elected leader from florida. stay with us, cpac story very interesting. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is g

according to the payroll firm adp, the private sector added 198,000 jobs in february.xpected a gain of 170,000. that's it from cnbc. now back to "hardball" and chris. ♪ >>> welcome back to "hardball." the crazies are still on the rise. a study by the southern poverty law center finds the number of anti-government patriot groups has exploded over the last four years. according to the study, these groups typically believe that the federal government is conspireing to take americans' guns away from them and destroy their liberties as it paves the way for a global one-world government. these are groups like the constitution party, we are change, tyranny response team, and americans for a free republic. and these anti-government patriot groups have skyrocketed a number during president obama's time in office. tlrl only 149 groups in 2008. in 2012 there's over 1300. look at the chart there. yesterday the southern poverty law center sent a letter to homeland security secretary janet napolitano warning more growth could happen. and brian levin is with the study for hate and ex

were you modeling that on the adp numbers. >> you asked me where it would really get the market attention and the whit per number is probably close to 200,000 down here. 225,000 would be the threshold of a very impressive number. i personally don't think it's going to be there. >> i don't either. >> but i would look at this completely different than many. i think we are now in that zone of equities where a really good number or a really bad number could flip-flop into the twilight zone of unintended fed consequences because it would make the timeline shorter or farther regarding getting to 6.5%, so if you're going to really pour a number normally upsetting to equities, maybe since the fed is already buying tickets for the people sitting in the theater, maybe that would be bullish meaning the fed would be around longer or vice versa if it were stronger. >> makes sense. ben pace, you're in the private wealth management business. what are you telling clients right now? >> we're telling clients that in a situation where we think economic growth is going to be positive, short-term rates are go

the markets began the day higher after better than expected news about jobs with payroll firm adp reporting 198,000 private sector jobs added back in february, more than economists expected. also helping today, applications for new mortgage loans shot up 15% last week after home mortgage rates edged a tad lower. >> new records have a way of making investors feel optimistic. they also triggered new worries as people try to figure out if the next milepost is dow 15,000 or dow 13,000 again. at these heights, there's fear of the unknown and plenty of caution flags flying. is it too late to get into the stock market? that was the question individual investors were asking all around the country today. the headlines and the euphoria about a new milestone for the dow were tempting for many investors and scary for others at this charles schwab center in new york city. >> i think there's a game in the back room that we're n

this comes a day after adp reported a much better than expected gain in the month of february, an increase of 198,000 jobs. here's hampson pierceson with a closer look whether that data points to a better jobs market. >> reporter: in the nation's capitol today, a sure sign of spring and perhaps an improving job market, a jobs fair with lots of eager applicants. >> i have a lot of experience. i'm well qualified for this line of work. i've got a good set of

these things are to revisions, number one, number two, we've got a good continuing claims number, good adpdoubt we'll see a shocker here. if i had to make a list of the three reasons the market might implode in the short-term, that would probably not make the list. >> look at the temporary workers, look at hours worked, more important numbers to focus on versus the headline number. >>> well, would replacing ron johnson save jc penney? it was a provocative day on halftime yesterday when we spoke to the company's former ceo on yesterday's show. >> the board should have to decide how they act, but they can't continue with the same leisure if they expect to even get a chance to get this changed around. and the sooner they act, the better. the longer we get down the circle, the hotter harder it will be to turn it around. >> joining us now is brian mcgoff. why isn't it the best move at this time? why does he deserve to stay? >> well, so i think, and who am i to go against him? he's the godfather of retail. the fact of the matter is, if this board wants to declare chapter 11, probably the fastest

. >> adp, as we know, was a beat yesterday. stuff written this morning how they are getting better at targeting non-farm payroll. are you expecting a beat tomorrow? >> you know, i'm 175,000. a little bit stronger than the consensus. again, i'm believing that we are going to have more squeeze in corporate profitability in the first quarter of this year around the first quarter squeeze on top of the fourth quarter squeeze that gets companies to pull back into the second quarter of the year. i think we got a few more weeks to go that is not case. >> are you essentially looking through the next number anticipating more weakness later on in future months? >> that's exactly what we are doing. we believe this number is baked in the cakes, the claims numbers, four-week moving number show there is no change in the labor market. the jolts data show you no major change in the labor market. none of the other indicators we look at show us there has been any near-term change in the labor market. we expect it to come in right around average,

we need some fundamentals with the economy, the adp private-sector jobs report edition for january better than expected numbers for february, the next government employment report out on friday. do you see more economic fundamentals supporting the rally? >> i do, and you're absolutely right. the fed can only do so much. we can prop up the market, the economy to a certain extent, we need to see strong fundamentals and as you point out rightfully we have got them. we have seen decent job numbers, housing doing well. but we need to see this continue, we are growing at an underlying rate of about 2%, we need to see numbers that are consistent to keep the market propped up. i think there is that underlining momentum, but there are risks in the short run, no question the sequester is a little bit of a head wind as is higher taxes, payroll taxes, gasoline prices behaving well but they are higher. there are some short run considerations, we need to see good economic data continued to come in. lori: how-to advice investing around these risks? >> you have two differentiate against bonds. in stocks,

marc, i want to ask you, there's a report from adp, concerns about job losses, concerns that employersat it's you know, what is it the rubber is hitting the road, that the employers are really going to start cutting back on it, on jobs, potentially, because if you go over 50 employees now, it's going to cost you some money. >> that's exactly right. the new york times featured a story about this company in san diego called the bakery. and they have 95 employees, and they make about $200,000 a year in profit and so their options under obamacare, and i've got a handy chart here. >> megyn: i love the white board. >> if they pay the insurance, $108,000, equivalent of a 54% tax on their profits. if they pay the obamacare penalties, that's $130,000, the company that makes $200,000 a year, so, they pay $130,000 equivalent of a 65% tax or they can layoff 40 to 50 employees, and just get off the obamacare radar screen. these are the choices that are-- first of all, how do we justify as a country putting a small business trying to create jobs in that situation in the first place? second of all, t

according to adp this morning morning, the survey revised the previous numbers up. so this encouraging look is helping send the stock market today, the day after the dow tore through its previous record high. it's setting another record high at the moment. the dow is up 42 at 14,296. the nasdaq is also up just one and the s&p is up 2. now, microsoft is one of the few dow members to fall in today's trading. right now it's down 1%. the software giant is being ordered to pay a $733 million fine. the european union commission says the fine comes after microsoft broke the terms of an earlier agreement. microsoft had promised to offer european users a choice of internet browsers. but it did not follow through when installing windows 7 during 2011 and 2012. >>> new this morning, -- the inspector general for iraq says reconstruction all of the efforts the u.s. has put into reconstructing iraq has been a colossal waste of time and money. in his final report to congress, the inspector general says after $60 billion and ten years, iraq is still so unstable, that even iraqi lea

there are some signs recently -- one private company, adp, tries to divide up between small, medium, and large. they have seen a pickup in small-business hiring. hopefully that is a sign of things can mean better. is still the early days of that trend. host: the revisions when it comes to numbers. you can fill in the blanks. the change in non-farm payroll in december was revised to 219,000. the change for january was revised to 119,000. guest: those are makes revisions. every month they are refi. sometimes they can be pretty big. -- every month they are refis -- revised. last month, we saw some big revisions. in general, the revisions have been hired. most of the time, when the government has revised the number is, they as -- they have revise them higher than the initial report. when the revisions are upward, it is a reflection of things can better. the reason the revisions are done is that they frequently get more information. they get 80% of the companies they survey report in time for the first cut. they get more numbers in later. usually the numbers are from smaller companies. th