today, adp. the adp employment report is in the headlines this morning. >> what's coming at 10:00? >> at 10:00, well, we get the ism, of course. but also coming today -- >> so confusing. >> for adp, forecasters saying 178,000 private sector payrolls were likely added last month. also on the agenda, we have weekly jobless claims, 8:30 eastern time. and the revision to the second quarter productivity and cost. then at 10:00, as joe pointed out, we have ism nonmanufacturing and factory orders. >> think if this is the first time you tuned in and you happen to be channel surfing -- >> weppi today too. >> let me see what this business news is about. they don't even speak english. what language is that? what is the dow doing? >> the dow? the dow. the markets, the dow is coming off its best day in more than a month. the s&p 500 and nasdaq had their biggest gains in nearly two weeks. >> and auto sales. >> huge auto sales. >> jackson. >> see the numbers we had, 16.09 million. >> lovely, nice. >> versus something like just over 17 million they were looking nat 2000. people are on a roll again

david: today's adp report showing the private sector adding 176,000 jobs in august.jobless claims continuing declining. it is a fair report but things still obviously are not booming, except for one sector which can't get enough applicants. cheryl: you know what this is. joining us is the mongo cofounder and cofounder of doubleclick which google bought back in waited for $3.1 billion. oh, he also found the guild group. a lot of cred for that introduction. we always hear it is engineers. is there more to the technology sector and hiring than just engineers right now? >> yeah. i think you have, it is more because while, engineers are hard to find right now, because there is so much demand relative to supply, at a technology company, you also have sales and marketing and finance and all of these other functions. so you may have two other employees per tech person or make one-to-one or two to one or something like that. it drives, potentially drives job growth in a lost functions. david: let me give you a hypothetical. just suppose, suppose i have a daughter or a son who

today private employers hit the target according to payroll data processer adp and the government says first time unemployment claims hit a five-year low. >> the labor market keeps grinding away, but we have a long way to go before we'll be normal. we have to generate another 1.5 million private sector payroll jobs before we replace all the jobs that we lost. >> reporter: help may be on the way from the service sector that employs 90% of the work force. news that companies expanded at the fastest pace in yearly eight years last month. with both sales and new orders growing, employers ramped up hiring. leading economists want to see if we get payroll growth matching what they are telng use crucial about payrolls, if they confirm the strength we saw in the report payrolls, i think people will quickly forget about the purchasing manager reports. >> reporter: the august's jobs report is duty leading economist and market watchers as a final piece of the puzzle when the federal reserve meets in two weeks. >>> no matter what the job situation may be american consumers appear to be a bit more

we also got the adp employment report. we're also getting fed speak from minneapolis fed president naraya narayana kocherlakota. joining us from new york is michael pervis. michael, good morning to you. thank you for joining us. we're in an unusual space at the moment. we focus on data and what it means for the fed. political risk coming out of syria and we're trying to work out what is happening with the global economy and the em space. how hard is that making it? >> the markets are being tossed and turned and everyone getting back to work mode right now. but it is important to remember that september has a habit of coming in like a bull and leaving like a bear. seasonally there is some strong seasonal patterns here that set up, and i actually think that, you know, when you see rallies like we had yesterday, those are good entry points for selling those rallies and putting on market protection into what could be some choppy times in the next few weeks. >> look, just to put into context, the important aspects of this emplo

jobs numbers helping lift the markets into the green, jobless claims falling by 9,000 to 323,000 and adp says the private sector added 176,000 jobs in august. steady numbers. and the ten-year yield, my, oh, my, a lot of talk about this, hitting a two-year high, inching ever so close towards that 3% number as investors bet the fed will, indeed, start to taper later this month. also gold losing its shine, sitting at its lowest level in two weeks following those strong economic reports this morning. and, of course, this strong dollar also leading to the weak gold. two companies hitting new highs today. let's head to nicole at the new york stock exchange with those stories. >> reporter: all right, let's take a look. when we talk about the ipo of facebook, what a tough day that was back last may. $38 ipo, went up to $45, then we saw it dipped l below 20, but highs we haven't seen since last may. it's at $42.67. netflix, another story of a dip and a comeback. back in 2011 you may remember it was over $900 only to see -- $300 only to see it drop down to 50 and they continue to build all that th

august adp employment is set to be released 8:15 eastern. we will have it for you.ust about friday. you have to watch thursday as well. medical list sand "money" is next. melissa: i'm melissa francis and here's what's "money" tonight. it won't be a pinprick. top obama officials make their case on capitol hill for attacking the assad regime. >> this would be a significant strike that would in fact declared his capability. melissa: but not all lawmakers are buying it. we are going to talk to one congresswoman who is saying no to any type of strike. plus, your summer holiday is over. did you spend the time returning emails from your hotel room? you won't believe how many americans did. and how many claim it is relaxing. what? an all-star panel tells us why. >>> "who made money today." after hitting rock bottom, they just saw their best month in years. kee w

adp says 176,000 jobs were added. dow rose six points, nasdaq was up by 9.e fed may start pulling back on its stimulus program later this month. >>> today, google defended itself that its long time practice for scanning words for advertising purposes is a violation of privacy laws. in a hear nothing san jose, the attorney for the ten plaintiffs said, quote, just because a person uses g mail, that privacy issues should be diminished is wrong. >> google's attorney argued revenue generation is a business function, part of the g mail function. >> the mountain view scans mail of its users but also messages coming into those accounts from other services. >> i wish i could send things out without having the fear of looking what i'm interested in. >> the judge said she'll consider google's request to dismiss, but said she could schedule a trial next year. >>> the san jose companies the free app can help users find stores that accept paypal. they have strong ties to merchants but it's not clear if consumers will find it any more convenient to pay with their phone tha

weekly jobless claims fell to the lowest level in about years and according to the adp report, the number of jobs in the private sector in august was near market estimates. many expect the jobs report from the u.s. labor department to show a strong increase in payrolls and all this as renewed expectations that a u.s. federal reserve may taper the bond-buying program soon. they rose to nearly 3% and that's a high in more than ten years. now on to the euro. the euro is lower against the dollar at 1.31-3122 touching a low against the dollar. they are selling the common currency on comments by european central bank. he said even though the key interest rate was kept unchanged at the ecb policy meeting on thursday, there were dugzs of a rate cut. let's check on how the stock market is faring this morning. at the moment, investors are taking a step back both indeces opened higher and let's have a look at the nikkei that is down by 0.08% at 14,052 points after it managed to hang on to the 14,000 level on thursday and the broader topix is up by 0.15%. we will see how the why know declines against

near a five-year low, at the same time adp reports private companies added 176,000 workers in august. most of those jobs came in the service sector. economists say the numbers are encouraging but the jobs front still has a lg way to go. >> i estimate we need between 7 and 7.5 additional jobs if we are going to see full employment in the united states. that is an unemployment rate of about 4.5 to 5%. we need a lot more employment. >> tomorrow the august employment numbers are released. stick with al jazeera for in-depth coverage of tha very important report. >>> walmart workers are demanding higher salaries, a minimum of $25,000 a year. calling on walmart to undo the firis that took place in a previous strike. the company has not responded. now in total walmart employs 2.2 million people worldwide, 1.3 in the u.s. alone and is the largest employer in 25 states. across more than 10,900 stores in 27 countri. the company controls more than 900 million square feet of retail space. that's roughly 34 miles or an area about one.5 times the size of manhattan. it's large. to help us understando

while payroll company adp reported the private sector added 176-thousand jobs in august, a slight increase over july, walmart employees questioned the quality of their jobs. walmart pays security guard $12 per hr sales associate $11 per hr a walmart security guard makes 12-dollars an hour. a sales associate $11-dollars. despite selling electronics full time for eight years at warlmart, charmaine givens- thomas' pay qualifies her for government assistance. walmart employees want 25- thousand a year and also reinstatement of fired workers such as tyrone robinson who participated in strikes including one at walmart's arkansas headquarters in june. fired for protesting? walmart denies wrongdoing with the following statement: "no associates were disciplined for participating in any specific protests." but walmart is now accused of violating federal labor law. it is not an easy time for hourly workers. there is increased competition from those who've slid down the income ladder. and for some, it still hasn't gotten better. three weeks ago walmart cut its profits forecast for this year. it follow

initial jobless claims came in and shortened holiday week we got the adp numbers.tle below estimates. it is hard to predict what will happen tomorrow. we'll show awe couple names. american express and due point. as far as due poupt this is adding almost four points to the dow. overall kind of a quiet market. at&t is the drag. it is down by 44 cents on percentage base. down 3 1/2 points as far as the dow jones industrials. let's bring in nicole petallides from the floor of the new york stock exchange. we're having three days in a row of gains but we're very tepid, nicole. >> absolutely is and volume became lighter as we approach 3% on the 10-year. got to get to a story right now, jcpenney is up today. we all too well remember the three-way scuffle and jcpenney and martha stewart and macy's had a stuart, make as deal with martha stewart. the whole thing is going to court. they have been battling it out. this was 10-year 200 million-dollar deal with. martha: stuart. the rest of the decision with the court is coming up. here is what is happening with martha stewart liv

adp says hiring continued modestly last month down from july but on track with economists expectations. >>> closer to home sunnyvale- based yahoo has introduced its new logo. the internet pioneer did not stray too far from its traditional look. the font style a little bit slimmer and the serifs are gone. the exclamation point remains. they have been using a different logo for a month and unveiled it last night. >>> "rideshare" companies could soon be legal to operate in california. the state public utilities commission will consider new regulations when it meets today. the proposal would require driver training background checks and insurance coverage. "rideshare" operators support it, cab companies do not. >>> the usgs presents a case for tsunami planning and preparation. a new study suggests if a monster earthquake strikes off the coast of alaska, a tsunami could cause major damage right here in california. this is video of tsunami waves surging on the california coast after the 2011 japan quake. the usgs says under certain circumstances, a tsunami could flood the ports of los angele

we got the adp report while at the same time learning jobless claims fell to a low.for tomorrow's report are pretty high that it's going to be a strong one? >> well, expectations are that it will be pretty much a trend number. in my case we're looking for an increase of 185,000 total payrolls, 180,000 for the private sector and another dip in the unemployment rate to 7.3%. so the labor market keeps grinding away, but we still have a long way to go before we'll be normal. we have to generate another 1.5 million private sector payroll jobs before we replace all the jobs that we lost, and, of course, another indication that there's a lot of surplus labor sloshing around is the fact that average hourly earnings have pretty much been locked at an increase of about 2% on a year-over-year basis for four years now. >> kevin, that's what a lot of people will say when we talk about the stronger labor market data and what the fed might do in response here. they take a bit of a look at a line from last night, which is why hurry to the exits now? why not keep that accommodation i

adp, just good enough that number yesterday.ment employment, we don't know the sequester effects. big uncertainty about that. >> what about labor day? does that have any impact? august numbers were better for auto sales than they would have been because the labor day holiday got -- i don't know if it changes. >> i think the autos are doing well. he is optimistic about the autos. nobody knows more about the autos than phil lebeau. >> they say obama care is keeping everybody at 29 1/2 hours. you don't think about putting that on your list? >> it doesn't matter for job growth. i think my buddy vince rhine heart will back me up on this. in the sense that parts time versus full time is a household survey indicator. it is not an employment payroll. the other thing is i have -- i was on this story early, joe. i remain unconvinced by the data. open to the possibility. >> zandy said the same thing yesterday. >> i wasn't here. what did he say? >> he said that. he said i just haven't seen it. >> okay. >> he said i was early with it. >> rig

meanwhile payroll processer adp said many are at work but economists caution we're a long way from wheree need to be. >> we need 7 million to 7.5 million additional jobs. we need a lot more employment. >> make sure you're with us tomorrow for in-depth coverage of the jobs report. the country's service sector increased, a survey of executive shows more companies are expanding rather than shrinking. the most positive part of the survey, employers intend to hire more employees. >>> a group of prisoners in california have ended their nearly two-month hunger strike, 30,000 prisoners went on hunger strike protesting against solitary confinement. it ended after state lawmakers agreed to hold hearings on the isolation unit this fall. while no inmates suffered serious injuries, 50 did require medical attention. >>> investigators say the wildfire that continues to burn in yosemite national park was manmade. the huge blaze was sparked when a hunter allowed illegal flames to escape. it has consumed more than 370 square miles, and is 80% contained. >> meteorologist: and moving northeast of the rim fi

the adp report at 176,000 private sector jobs in august.nsensus for august payrolls. initial jobless rates fell to nearly five below. block buster services report, its highest level since december. 2005. all of that sent the ten-year low and is it time for the fed to do some tightening? here now are the answers, ed lazier, president george w. bush's chief economic advisor and now profession sor at stanford university and the hoover institute. you recently wrote observations on the financial crisis. maybe we'll get to that. maybe we'll get to that on the radio on saturday, also, hint, hint. it's wonderful to have you back. >> great to be with jou, larry. >> i had not been in the camp of the second half rebound, but i may have to change my mind. where are you -- let's start with tomorrow's jobs reports. what do you forsee? >> well, i guess i would start by saying don't overreact, larry. you know these numbers tend to be highly volatile. and even the jobs numbers itself is a very noisy number. if you look at the jobs number, suppose it came up

august adp employment is set to be released 8:15 eastern. we will have it for you. david: it not not just about friday. you have to watch thursday as well. medical list sand "money" is next. melissa: i'm melissa francis and here's what's "money" tonight. it won't be a pinprick. top obama officials make their case on capitol hill for attacking the assad regime. >> this would be a significant strike that would in fact declared his capability. melissa: but not all lawmakers are buying it. we are going to talk to one congresswoman who is saying no to any type of strike. plus, your summer holiday is over. did you spend the time returning emails from your hotel room? you won't believe how many americans did. and how many claim it is relaxing. what? an all-star panel tells us why. >>> "who made money today." after hitting rock bottom, they just saw their best month in years. keep watching to find out who it is. even when they say it is not, it is always about money. melissa: all eyes still on syria and possible strikes led by the u.s. in the wake of the assad's regime chem

tomorrow we get adp report as well as jobless claims which we get every week.get big jobs numbers for august. we get a trifecta of economic data which may help us guide what fed policy will be in the middle of this month which of course is what we're all basically waiting for. syria news died down. gotten somewhat sanguine in the markets based on president putin's remarks and what everybody is thinking about precise as well as well-telegraphed military strike will have zero effects on the markets we think. it is about the fed. we'll try to read the tea leafs starting a little bit this afternoon and trade from there. adam: keith bliss, thank you very much. of course we'll have the beige book for you two p.m. on the fox business network -- 2:00 p.m. lori: absolute profits. how it is gearing up for the all-important holiday season. the ceo joins us in studio next. adam: here are winners today on the nasdaq. lori: no sampling of the props. adam: yes, plenty of sampling. [ male announcer ] how do you get your boce? i'm, like, totally not down with change. but i had

we have three separate reads on the labor market, the adp report showing the private sector with 176,000 jobs in august. that figure is very close to the consensus estimate tomorrow of 175,000 job gains, too. separately we did get a report from challenger that says job cuts since august surged to the highest since february. but the number of americans actually filing for new claims for unemployment benefits fell -- get this -- to a five-year low. and the four-week moving average is now at levels we have not seen since before the recession. as if that wasn't enough, the biggest part of the u.s. economy also a bright spot. the pace of growth in the services sector growing at its fastest rate now in almost eight years. oh, yeah! let's have a look at where we are in the markets. what's interesting, and this is where it gets really interesting, is that the stock market is now crouched very, very close to the flat line as we count down to the employment report tomorrow. meanwhile, bonds are selling off, so the yields on the ten-year is rising. 2.983%. we could hit 3% this afternoon. it's an im

we have a decent adp report, good claims number all month long, we've got great employment reports out of the separate regional isms. huge increase in the small business employment component and then we had a bad friday's jobs number but i think even the internals of that weren't too bad in terms of hours worked going up. if you take a composite of the job market, i thought it had a fairly good month last month and that's why you see consumer confidence holding up. that's why you see auto sales holding up. that's why you see consumer stocks continuing to do well because i think the friday report being what it is, i think the read here is there's still some fairly decent momentum in the economy. >> we can always rely on you to find the glass half full here. you're seeing the good points around the world but if you had to weigh up the risk/reward here, would you go overseas as opposed to the u.s.? go in to the emerging markets? >> i would right now. i want to be overweighted overseas ver us the u.s. the u.s. has been popular in the last year. the dollar strengthened a little bit. i think

if you look at the jobless claims today, adp suggesting a solid job number tomorrow. it creates interesting crosscurrents for the market because that's one reason the bond market continues to sell off. that's undercutting evaluation support for the market. the trade-off is these stronger numbers as carl was referencing suggests we might be at an inflection point with stronger growth ahead. i feel better on the market that depends more on good economic data and less on the fed. >> less on the fed. do you think we see a big market reaction if, in fact, the fed comes out this month, september 17 and 18 is the two-day meeting and says, yes, we'll take the tapering down, take the bond buying down from $85 billion a month to $65 billion a month. >> i think it depends on the size of the dropdown. if they go down to 65 and stay there or maybe down to 75, i think the market can stay that. honestly, i think so much will depend on the body language, on the way they finesse it in the statement and, of course, bernanke's press conference. if they give us language that suggests we

>> mark's data, which is the adp we'll get tomorrow, is inconclusive, and that's what i'm seeing in thethere has been a very recent spike in part-time workers as a percentage of full time, but it's not out of bounds for what we've seen. if you look at a chart i put together here, scott, this looks at part-time as a percentage of the total workforce. and what you see is it's about 19.6%. the big jump happened after the recession. since then, we've been bouncing around. now, i guess you could argue -- and this is the plausible argument -- that the number hasn't come down more than it otherwise would, and you can see at the end of the chart a little blip up. but then you look at the next chart, and this is part-time growth versus full-time growth, and what you see is that full-time growth has now eclipsed part-time growth, and you see what happened in 2010. so i'm very interested in what wayne has to say, and we've heard a bunch of these anecdotes. the question for the macroeconomy, does it aggregate up to a meaningful place? i think what i hear wayne saying is he's confused more than he's

adp, i as sam.ably be on the upside, but still marginal. when we look at our own business, what is happening, the areas in which we're seeing growth, there is this kind of continual clawing and walking forward of some slight improvement. we expect to see at. ashley: i increasingly here that we are adding more and more part-time workers. the structure of our jobs, economy changing? does that speak to the health of the economy? >> it is clearly an issue. i'm not sure how you get around it because what is happening, companies of all kinds are reacting to what is galling to happen next. i would also like to be clear that there is part-time and temporary. we would expect to see a fair amount of the job growth. when you looked at what is happening in the companies themselves, they are not going to be seduced into the bitter labor numbers. they are looking specifically at their book of business, demand, and the forces on their own company. they're not going to hire in anticipation. ashley: who is hiring ri

the adp is out and the fdp is out. >> so you've had a pretty good mix there of what the various party leaders have had to say about the election outcome. andreas gluth is with us. he joins us from the economist. the afp didn't make the 5% required to get a seat in parliament. they still polled pretty strongly. how does that change the political dialogue in germany? >> i think it will increasingly change it very much. just for perspective, i think when the green party arose as the first generally new party in post war history, it took them years, i think about eight years to get into parliament, which was exactly 30 years ago. it took the alternative for germany to enter into particle flamt this building. that's an astonishing rise. i was looking at some of the fine print of the statistics last night. obviously they had something to do with the failure of the ftp because a lot of their supporters are disenchanted free democrats and they came over, but they also got a huge influx of people from the left party. they did much better than we expected in east germany. so they really have be

but, no, adp decides not to fight with its 10% purchasing square and settles on a deal in which mr.ted or approved two independent directors to the board and also accelerated the retirement of its long-time ceo john mcgrade. >> i remember meeting matt paul when he was fighting ackman when ackman was an activist in mcdonald's. there's john mcglade. there's matt paul. thank you for going back to that. probably a win-win here in many ways. it is a 10% holder. given what you could bring to bare against mr. ackman, it would have been -- i wish they would have had a fight because it would be fun to follow. you can also understand why mr. ackman, who is looking to build credibility again, he most likely will not serve as on a board again. john mcglade will retire and they'll find a replacement for him next year. nothing will stop manning from launching a proxy fight in 2015 if things go well. this is a $2.2 billion position for mr. ackman. and that will go a long way towards restoring some of his credibility, credibility that i would argue has been lost as he has fought this battle in her