today's adp number you will find was not very good. david: we're looking at adp number.ted how that affects the fed decision on rates. meanwhile the fed's beige book came out today essentially was saying what the adp report was saying. the economy is not as bad as a lot of people thought. and some of the underemployment figures we've been concerned about, that the fed is focusing on, underemployment, when you add it all together is over 11%. some of those figures might work out in a good way. liz: the immigration picture has been very touchy who will be taking newer jobs. of course you know the president just announced he was going ahead solo with an immigration plan. rich edson has breaking news on the news that broke in the last hour which was that a whole handful of states are now filing suits against the administration. >> 11 states, david and liz. this is a suit specifically filed against the obama administration on its executive order on immigration. this is playing out in a host of venues across the country. this is in the court system on a day where the house of

steve coming up with adp numbers in a moment.ciate it. >> thanks. >> right now, going to steve with the numbers. >> reporting that payrolls in the month of november rose by 208,000, a bit shy of the estimate, which is 223,000. october revised up by 3,000 to 233,000. goods producing manufacturing in production up by 32. services surged by 176, and there's the nonfarm payroll estimate, 230, is that in line? depends what happens to government, again, not included in the adp with what the government reports friday. ten puts it closer, otherwise heavy on the non-farm payroll estimate. here's the details of the report. construction up by 17,000. good number. manufacturing upedly 11,000. trade, transports, utilitieutil about 50,000, and finance keeps going, and business services 37,000. small business had a pretty good month of hiring there, 101,000. this survey is consistently at odds with the nfid numbers. medium bid is 65,000, and large business, the early job adders in this recovery, and them they slacked off here at 42,000. becky,

we had some disappointment jobsg out of the adp number showing that the u.s. jobs for the month of november which is a little shy of estimates. jobs -- 200-8000 208,000 jobs. we are seeing a big rally in european equities. there is speculation that mario draghi will step in and perhaps start printing moneya la the fed. let's talk about bonds. u.s. or debt and the this european market? lisa abramowicz is with us to break this down. we know that deals -- yields on both sides of the atlantic is come down. the riskier debt is in europe. risky debt in the u.s. has been losses on u.s. high-yield debt but in europe, the riskier debt has returned twice as much as high-yield debt and the u.s. and investors on the u.s. are going over to europe and investing in height yield bonds but also in mortgage bonds mortgage securitization especially those from banks that are selling. >> why is this? i look at the 10-year spanish debt which is trading well below the u.s. and what's the fundamental reason? what is the attraction of european speculative debt versus u.s. when the u.s

adp numbers went up. a new york city startup publish the content of the adp report for minutes before the scheduled release. -- four minutes before the scheduled release. the upcoming sony movie "annie" has been removed from some filesharing websites. this is according to a person a millionaire with the situation. another posted online after it was hit by hackers. they have offered employees identity protection. amazon has sold the biggest bond offering ever issuing $6 billion worth of note. some will yield nearly 5%. amazon will likely use the money to emphasize spending liked rounds -- like drones. leading the first shareholder meeting in washington. shareholders have approved his pay package, which could be worth more than $90 million for the fiscal year. had recommended shareholders vote on the packet. the board was easily reelected. ceo steve ballmer and the reverend jesse jackson were arguing for more diversity. at inl be joining us studio very soon. joining me now is cory johnson. you have been tal

you don't want to revise it down because of the weak adp?and the payroll numbers, there's a wide enough gap between the two that if you miss it by 30,000 or so, that's not enough to consider a change. i see no reason why 250 suspect still -- isn't still a good number. >> janet yellen's two left tan innocen -- tenants have been out there suggesting they're itching to raise interest rates. talking about removing considerable time from the language. the fed president saying he's comfortable with rate rises in the middle of next year. do you feel the sands are shifting? >> a little bit. that reflects the fact the market has one price hike next year. the ten-year note was just down at 2.15. it's like a free option for the fed to talk tough given where the market is pricing things. so let's see what happens next spring f the market starts to sell off, whether they follow through with their conviction to raise rates. >> what we have learned over the last ten days, according to people like you, is the fall of the price of energy is net positive. >>

investors eye the adp report.il volatility is in focus as russia and other nonmembers get on board and cnbc speaks exclusively to the exxon ceo and a slew of on other top ceos live from the business round table in washington. >>> let's look at european markets. green/red, green, red, christmas rally? will we get one? italy is up 0.5%. france is down 10 basis points. germany is basically flat and the ftse 100 is down 20 basis points. what's been driving markets today? mainly the service sector. as you can see, not making massive moves. >> that focus is on thursday. the ecb meeting will mario draghi unveil full quantitative easing? we're lower across the board, indicating a move lower by around 15 points. the s&p 500 and the nasdaq trading lower in premarket trade. yesterday was the best day for the s&p 500 in over a month thanks to better than expected economic data. construction spending rising 5 1.1% in october. how do you make money in these markets? that is the big question. here is what experts have been telli

auto sales topped the 17 million mark for the second time since 2006 and the adp jumps came in a touch below expectations but still suggestive that private sector growth remains strong at $208,0 $208,000. 230,000 jobs created in november and unemployment rates up changed at 5.8%. that will create the jobs in the u.s. economy to show these strong economic numbers are showing up in more american paychecks. for "nightly business report," i'm steve liesman. mo >> more in the jobs number. what would alarm you on the downside if the number doesn't come in quite as high as forecasted? >> we're looking for 230,000 jobs added in november. close to the average we've seen so far in 2014. if it was below 200,000, i'd be a little bit concerned. that's slower than the pace we've seen this year. overall, it looks like the economy is adding jobs at a decent clip and the job growth is across industry. that's a positive as well. >> gus, one worry is the people who have been out of work for a long period of time and are discouraged workers and they don't show up on the rolls at all and there are those wh

the fed moves more quickly on interest rates next week, so keep your eye on the payrolls data, the adp jobs number, the inflation statistics, the retail sales numbers from some of the corporates that are reporting this week, and we have a whole bunch of fed governors speaking today. listen closely for any clues that might cause the market to sell down a little bit on interest rate nerves. back to you. >> we'll wait for the reaction. thank you so much. >>> still ahead on "way too early" one of america's major cities approves a minimum wage hike. we'll get the rest of the information on this and how the state, if at all, will follow the lead of this city, and great news because we've got our way too early to call guest standing by the phone line, and on her hit show, did you know phone privileges are very hard to come by, but we've got our mystery caller. way too early comes right back. stick around. >> the accident has turned the city to panic. buses are logging roots. families have been broken apart in the chaos, and women stand weeping in the streets looking for lost children. i make

. >> small businesses have been hiring we've seen that, adp reported 200 eight,000 jobs were created. but they are in a kph-fp competitive position to compete for challenge that may be getting wooed away with more benefits or better pay. charles: stock suspicions. >> they will have concern. >> 45% said that fewer -- so that is back its up. but i love this number, two things that jump up most. expect real sales hire. you can't hire before that, this is the first step in that cycle. >> it goes back to what charles was talking about optimistic people by nature. but reality they have not followed through are yet, it is back to greenspan, not what you say, what you do. >> you believe the economy is going to back you up as well, if that happens, they believe, that i think too months -- two months from now they will correlate to more hiring. >> we're seeing the consumer bounce back, small business owners are seeing this mixing up. >> but consumer here, condition not think about the consumer here. charles: what has to happen to keep this enthusiasm going, what do you think small businesses ne

a whole bunch of nose will move the needle on jobs, adp and a poll out from "gallup."from the fed talking about it, and the weekly eia crude report. this used to be the tree that emptied felony force, it's making marching orders, my marching orders are about the same. stay the course. jim? >> all eyes are on the jobs report, it is the most meaningful economic announcement this week. people are expecting 200,000+, and i think wages will be fairly benign or flat. the fact that people want to see more jobs. >> what's a strong 200,000+? 280? 290? >> 250. >> we're running out of time. real quick, no, you don't go fat. you're great and brilliant but you don't go fast. appreciate it, the tweets were fantastic, i'll read one of them tomorrow. catch us every night at 6:00, you can't see the show, dvr it. you don't want to miss a moment of "making money," you also don't want to miss a moment of lou dobbs. keep it right here on fox business. lou: good evening, everybody. it seems one of the most serviceable words to describe the obama administration these days is screw ball. the

businesses hired last month currently payroll processor adp also business coming in labor departments worker productivity has increased at a slightly faster pace in previous quarter. joining us, lauren simonetti. >> it is all about jobs today. first let's take a look at the market because it is absolutely affecting your 401(k) in a good way. the s&p is up 12% this year and the dow keeps marching closer and closer to 18,000 up 1300 points. in a positive close for the dow gives us the 33rd record finish of the year. as for those reports, the reed and private jobs creation came in at 208,000. a bit below the estimate of the bigger question is how will it compared the bigger number we got from the government friday morning at if the u.s. is adding more jobs, how much are they paying? not sure we are making money but we are at least working more. output and hours worked in trees. that is good news because companies tend to hire when there is more work to be done. as the services sector, it covers retail, construction, hotels, financial services, et cetera. this sector is pretty strong so

i forgot to mention the adp number. shy of the estimate but that came in again above 200,000. so the data's good and i think the market knows that and expected. >> larry, what are you buying here? there's a boost to fourth quarter growth numbers and concern that comes home to roost next year in the form of slower growth for some of the production areas of the u.s. what do you think are the ways to play this trade? >> absolutely. look. it's clear that investors are in denial of the consequences of lower oil prices and putting it in context, there's winners and losers in this. clearly some of the losers are impact of high yield and cap x. you get a benefit in net importers of energy. places in asia like india and japan that are net importers, countries but also areas of the united states that are net importers beneficiaries so we see the cyclicals are a better opportunity than the defensives into next year. better value. foreign over domestic. better value. opportunity. you have to rotate the portfolio into 2015. that's what's so exciting of what's happening. >> "squawk box," ou

what he calls the hard sale tactics by the sales people who give the industry a bad name stlanchts adpave alarm systems by big companies like adt. >> if it's older sign, it's a juicy sign. >> to find out when the system was with installed and pretend to be from adt or ge. >> it's a target there. >> it's called the take over for swimp over. >> i saw you using one of our systems from adt. >> reporter: as taught by this master salesman, the customer is led to believe it's just an upgrade of an existing adt system with new monitoring equipment. >> wait, so i'm switching companies, right? >> it's just a monitoring company. >> reporter: no. in fact, it would be an entirely new company with a five year contract. >> i'll do it for free. >> reporter: not free at all. the total cost could be about $3,000 over five years. adt is suing the company. but atd, the biggest of the home security systems, says thousands have been stolen away. >> this is the worst we have seen this year. lying and swindling people into switching, unknowingly switching their monitoring company. >> reporter: adt's general c

we got a peek today at the adp number, that's kind of a preview. wasn't as good as we might expect, but friday we'll find out the real labor department number. >>> a proposal this morning in congress would severely restrict the number of russian rocket motors americans can purchase. many american rockets use russian motors, specifically the ones used by boeing and lockheed martin. the new defense bill would make the purchase of russian rocket motors illegal if lifting defense satellites into orbit. elon musk warned about this problem when he testified before congress early this year. he said depending on the russians was a mistake and he said that before the russian invasion of crimea. incredibly self serving argument for musk, he doesn't use russian technology, his competitors do. america would be doing this to itself, this is congress's proposed ban, not the russians. >>> let's talk about the irish this morning. the company strike just got new funding. when you do the math, it gives the company an evaluation of $3.5 billion. not bad for a couple

according to payroll processor, adp, the private sector added 2 billion jobs in september.l short of expectations. this friday they will release the november jobs report. unemployment rate expected to hold at 5.8%. energy stocks giving market a boost for second day in a row. the dow and s&p 500 ended day at record highs. >>> kraft food is announcing raising prices on single serve coffees for the very first time. hiking prices of maxwell house and yubank pack portions 9% by december 28th. those are the stories on foxbusiness.com. >>> government regulations stopping you from landing that new job? according to ceos today, the answer is yes. >>> new survey, says americans are scoring f on retirement know how. how to ace your retirement and make your money last. ♪ you can't breathe through your nose, suddenly, you're a mouth breather. a mouth breather! well, put on a breathe right strip and shut your mouth. cold medicines open your nose over time, but add a breathe right strip and pow, it opens your nose up to 38% more. so you can breathe and do the one thing you want to do, sle

that is because of that weak adp we got this morning. a stronger dollar capping the gains but significant we're over 1200. nat gas hanging around 3.80. down 12% in one week and that is just because the weather patterns just haven't been as extreme as people were expecting but still it's hard to get short right now just as we're inches away from the winter. lost but not least, copper, trending around 2.87. weakness in asia, the string of information we've ben getting, copper down 8% in one month. >> as we said we are still expecting president obama to address the leaders of the business round table any moment. right now we'll take you to that live in washington. dow is up just a point and a half. and "squawk alley" will be back. how do you beat the number one seed? you just have to win 70% of your points at net. and keep unforced errors under 10%. on the ibm cloud, the us open analyzes 41 million data points from 8 years of competition to uncover key insights. data can help show you how to win, no matter what business you're in. today the

i rely a little more on adp for the month to month non-farm jobs number. i think the jobless claim number will taper. i don't think we'll have tons of market movement tomorrow. i think that weakness we'll miss tomorrow. david: john merrill, you're in houston. take advantage of that. this is out of left field, halliburton, the price of the stock is about half of where it was six months ago. do you like it or not? >> i think it is a long-term investment. it is a fantastic investment. oil will not go away. when you get 50% off sail in -- sale in a fantastic company like halliburton that is something to take advantage of. liz: great to see all of you, john merrill, bob phillips, bob iaccino we'll see you in a few minutes when the s&p futures close. >>> japanese airbag maker takata is refusing to comply with federal regulators to expand its airbag recall. david: amid the standoff big automakers take action on their own. fox business's adam shapiro joins us with the latest. i wonder how long they can go it alone? >> that is the big question because it could take

another key economic report out coming from adp which tracks private companies and their hiring practices says 208,000 jobs were added in november a third month above 200,000, in line with friday's monthly employment report from the fed. economists looking for a gain of 225,000 jobs and the unemployment going down to 5.7%. stocks off to a flat start after the dow had another record close yesterday closing in on 17900. let's take a look at the big board. so far the dow is up by 1. nasdaq up 10. s&p up 3p apple rebounding after a couple of tough days up 1.25%. frank and michelle, back to you. >> thank you, jason brooks from kcbs news. >>> happening today, we are going to get our first look at new drones similar to these you may see flying around alameda county. the sheriff's department is showing off their new crime- fighting tools at the office of homeland security at noontime. the drones will be used in limited public safety missions. >>> also happening later today we are going to get a look at how the bay area plays a part in the flex generation spacecraft. flash sa aims showing how they

mark zandi is almost like the pope in terms of infallibility on his adp numbers.e. >> yeah. amazing. and gary stern is former minneapolis fed president. welcome one and all. it's easiest for me, austin, just to go left to right and start with you. we were at the business round table, i don't know if you got to see that. these guys are like you. they're still -- the best word we got out of them was "okay" on the economy. and for 2015, for the year they're talking 2.3%, 2.4%. we're counting on 3%. where are you? >> you an the fed, no. i think we're less than 3%. i still think we're going to get some boost from the -- from lower oil prices or smaller than people want. and i think europe, they can have as many green arrows they want today, they're going to be shot by those green arrows by the end of the year. i think europe is a huge cloud over the whole world economy. >> so that must be what you're keen on then, austan. i thought that would give a little -- it doesn't take a lot -- >> i think it will give us a little boost, i just don't think it will be that much of

adp employment later this morning. and i'm scarlet fu with tom keene and brendan greeley. one of the things we are keeping an eye on this morning is takata, pushing back on the u.s. call for a recall on its deadly airbags. instead, it is insisting on recalls only in states with high humidity. the auto sales numbers do not indicate any kind of reluctance to buy cars. for ex there is no correlation between -- >> there is no correlation. >> why is there no correlation bad airbagsof these and buying cars in? >> i think it is focused on the monthly payment. also, the age of the fleet is still relatively high. and marion keller, the legendary securities analyst, i asked her, whitey you by auto stocks? they take major cash and you only buy them when things are totally desperate. cyclicals, youf want to be buying them when the pes are almost infinite. you don't want to be buying them when the pes are attractive, because that means you are close to boom time. , likent to be buying them a lot of industrials and a lot of cyclical

which is the seven-time in the last eight months payrolls have climbed by at least 200,000 according to adp research. the payroll report is a out officially friday and it is expected a gain of 230,000 jobs. record.nday set a sales according to research firm com score, shoppers spend more than $2 billion online monday. growth is officially slowing and consumers of and spreading out there shopping two other days during the holidays. on ready for fireworks again capitol hill. this morning, congress will question an executive from the airbag maker who is refusing to issue a nationwide recall. rejected the recall demand by u.s. regulators and the airbags are lame for at least four deaths and they have recalled cars only in states with high humidity which is partially blamed for the malfunction. ralph nader says takata thinks it can get away with defying the government. >> they think the department of transportation is a patsy and it will not throw the full force of the law against them. they have been sitting on these airbag defects for years now with deaths and injuries and anxiety levels going

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. >> here are a couple of things -- >> and confirmed in adp. >> i'm glad you brought that up. i'd love to have mark zandi tell me and tell me what beam he hit his head on, 208,000 projected for the private payrolls growth and ended up with 314,000 growth. everybody on wall street or a lot of people on wall street bringing their numbers down. goldman sachs calling this number every month, projected 225,000 and this is maybe trivia or coincidence -- >> can we just -- hold on. >> the number is coincidentally this same amount of jobs that were created in the restaurant and bar business over the last 12 months combined. i thought that was interesting. >> the headline, you want fries with that? exactly. steve? >> i was just going to ask, if you're saying to me that it's wrong to think of trend job growth in this country, north of 300,000, i completely agree with you. i think it's still a very strong 200,000 plus. >> hence my point. that makes us look better than we are. >> it is not strong? weak? >> my point is it's okay. >> no, no, no. >> when you look at -- >> ten straight months

adp, which i used to call another dumb prediction actually has been getting it right this year.ng to see around 230. no surprises. unemployment at 5.8. for everybody who starts to get a job, there is somebody who didn't have a job for the last two years who coming in the market. >> what are you watching for, john? >> i am watching what happens in enterprise over the next few weeks. we're kind of in this period that tends to be slow right before the holidays. a lot of companies have workers who are off, but we're also seeing a lot of releases, a few acquisitions happen during this period. and with valuations being where they are, i wouldn't be surprised if there are more. >> mike? >> the dollar reaction to the jobs number. people's eyes are getting big. anything less than 250, the dollar maybe gets smacked. you have an unwind of some of the trades recently. >> that by the way is still the story. both on the oil front and natural gas today, people haven't even focused in enough on the weakness in natural gas as well for a lot of these majors like the exxons of the world who have a