but on that note, adp released their own jobs report this morning.mmediately you noticed, not only how low the number was, but the trend of the lower number getting lower and lower. by the way, that's what a 30,000 revision for january. the result was the lowest since may of last year. from michael neil and ceo of united rental on this show. construction was strong. 30,000 jobs. you see this tiny sliver? that's manufacturing. heartbreaking. only 3,000 jops. the adp number speaks to a tepid number of jobs. let alone all the jobs lost in a great recession. there's all kinds of metrics. there will be highlights and all kind of proxies for the job reports. they ignore the dropout of the job market. main street knows one thing, there are significantly fewer jobs as a percentage of the population than there was just three decades ago. and that is the pulse of the country. let's go to nicole petallides with the pulse on the floor. >> charles, we're bringing you the pulse of the floor. we have scott redler. thanks for joining us, scott. the market hit the hi

based on its own data adp estimates 212,000 private p sector jobs in february. that's a bit below the street's estimate of 240,000 private and government jobs but close enough that economists didn't change their view on the report coming friday from the government. if accurate job growth for the 12 months ending in february would soar to 3.3 million, a level not seen since 2000. there are skeptics who worry the u.s. would succumb to the pressure a federal reserve intent on raising interest rates as soon as this summer or a winter that seems equally intense on overstaying its welcome through the spring but so far, the u.s. has faced those challenges and like the post-man continue to deliver. for "nightly business report," i'm steve liesman. >> mark zandi joining us now. welcome back. good to see you. >> thank you, sue. >> how do you interpret the data? we were saying yes, job growth is good but has it slowed down a little bit from what we've seen recently? >> yes, it has slowed but it's off from a very torrid pace over the last three months we've created over a m

we have very good records from adp.what's happening is you have a lot of older workers, boomers who are retired. that are high-paid. and then you have a lot of millennials coming in, young, low paid. and it's driving down the average which is what you observe in the bls aggregate. but when you look at individuals their wages are much stronger and accelerate >> does that tell you that the fed is further behind the curve than some believe? >> no the labor market is right on track. this job, the job growth coming at full employment in a year and a half. wage growth will move. and if everything sticks to script the fed will raise the interest rates later this year. >> lower gas prices. just talked about all the jobs that have been created. where's the spending? what's going on? >> yeah patience patience. >> i have no patience. >> this doesn't magically appear in your checking account. this savings builds up over time right. in month one, after prices decline, you get 50 extra bucks in your checking account. then a hundred b

adp employment figures are set to break in the next five minutes.e will stay on those numbers. ♪ betty: here is a look at top stories. we begin in ukraine where there are at least two deaths following an explosion at a coal mine. 47 others are reportedly trapped. the mine is in a war zone. rescue workers say rebels near donetsk are blocking them from the site. world bank of scotland -- royal bank of scotland, racing for job cuts. more than two thirds of the units workforce. reportedly part of a plan to shrink the securities unit and focus on the u.k. consumers markets. many of the cuts will be in the u.s. and asia. headaches on the horizon for probate judges in alabama today. they will have to decide whether to issue marriage licenses to gay couples. the state supreme court set a same-sex marriage ban is legal but a federal court disagrees. that means the probate judges are caught between two rulings. a federal court is criticizing police in the missouri city where an unarmed black teen was shot last summer. the justice department says black people

in the private sector estimated by adp.solidly, as the previous year january up by 37,000. good sector doing okay. service sector, powering ahead. nonfarm payroll estimates 240,000. commentary i was talking about barclays saying data suggests downside risk to their forecast for a strong 250,000. and over the ubs, saying adp tends to be less weather sensitive than the bls payroll figures. the big issue for friday's payroll report how much impact inxlem inxlem inclement weather played a role. it could be january, february was colder in the northeast and the eastern united states than last year if can be believed. sara, the day you've been waiting for the transcripts from 2009. we'll be focusing as you might expect, on that march meeting when they upped qe to the 1.25 trillion number and when we were at the top of the panic in financial markets, sara. >> a lot to go through. i know you're going to be busy reading through that. bring us the highlights. it's exciting. steve liesman. keep ang eyeing eye on the market. digesting e

the day to be down would be wednesday, which would be typical of a jobs -- >> adp?is overplayed in the short-term. the fed will raise rates. they will be wrong about it. i hope they're not allen greenspan wrong. >> what's your position on these bonds now? >> are you still long bonds? >> i'm long bonds. charles: okay. >> they've gone essentially up and then down a couple of weeks. i keep saying the time is here for the bulls to step up. this is the week. i think the bulls don't step up. the bond market takes another tumble. >> how much more do you have to step up? the bulls have been stepping up every 5% pullback? >> the bond pulls. charles: we've been waiting for that great rotation. >> it won't happen. charles: never say never. scottie, i want to talk to you about washington, dc. john boehner had a rough week last week. new "countdown" to a partial government shutdown. what is going on. >> politics is dealing with indigestion. remember this, in politics, the leadership always wins. basically they bought him one week for house of cards season two whipping process. w

but on that note, adp released their own jobs report this morning. noticed not only how low the number was but the trend of the lower number getting lower and lower. by the way that's what a 30,000 revision for january. the result was the lowest since may of last year. from michael neil and ceo of united rental on this show. construction was strong. 30,000 jobs. you see this tiny sliver? that's manufacturing. heartbreaking. only 3,000 jops. the adp number speaks to a tepid number of jobs. let alone all the jobs lost in

. >> one app i love is the adp payroll app. it helps me facilitate my payroll easier quicker, time saver, life saver. >> one site that i love to use is rent the runway. it allows you to shop high-end designer looks, gowns, day dresses, and rent them for just a period of time. it allows me to save a lot of money on clothing when i have to attend nighttime events premiers galas. >> to learn more about today's show, head over to openforum.com/yourbusiness. once you get there you'll find all of today's segments and web exclusive content with a whole lot more information to help you grow your business. you can follow us on twitter. @msnbc yourbiz. and facebook and intra gram as well. >> next week a phoenix-based web photographer who knows how to make sure it is a good representation of her brand. she hires people who are as passionate about her company as she is. until then i'm j.j. ramberg. and remember, we make your business our business. american express for travel and entertainment worldwide. just show them this - the american e

. >>> one app i love to use is the adp payroll app. it facilitates my payroll much quicker. it's a life saver. >> one website i use is rent the runway. you can shop high-end designer looks, gowns, dresses and rent them for just a period of time. it allows me to save a lot of money on clothing especially when i have to attend nighttime events galas, premieres. things like that. >>> to learn more about today's show, head over to our website, it is openforum.com/yourbusiness. once you get there you'll find all of today's segments and web exclusive content with a whole lot more information to help you grow your business. you can also follow us on twitter, and we are on facebook and instagram as well. >>> coming up next week we meet a phoenix-based wedding photographer who knows how important it is to make sure her associate shooters are a good representation of her brand. we'll tell you how she's expanding the reach of her business by hiring people who are as passionate about her company as she is. until then i'm jj ramberg. remember, we make your business our business. american

after today's mediocre adp number, which is the private sector jobs report, there is nervousness surrounding the friday nonfarm february number. is this the time to buy or tread lightly? we'll ask the experts to give us the road map for this week and beyond. more importantly, which direction do you get most news from, and which data? joining us now, jeff, paidon and regal. scott readler and todd at the cme group. right off the bat. i want to go to jeff cleveland. you heard what esther said. rate hikes. she's pushing hard for june. hot fun in the summer. let's go. does this change anything? where are you looking for guidance, for direction, and where do you get that from here? >> well, liz, i did see that comment. and i think that's seven now out of the seven affluent members that suggested a june rate hike should be on the table, quote, unquote. it's a possibility. liz: hold on. seventeen you have been counting. >> seven out of the start. that was my rough count. >> seven out of 17. >> if we do see a jobs number, the headline number above 200,000, which we think is likely given the data we'v

after yesterday's adp member in addition to total jobs. that shows you how to dictate fed policy.likely sotted j barry because there was no one time increase of minimum-wage. in didn't indicate the big spite but there are some big science. they say that wage pressures are moderate side and some contracts reported wage increases. but they all voted there was an increase of great pressure. and truck drivers i have been telling you. of though lower skilled. some companies reported a they could reduce turnover also noticing an increase of entry-level wages. so not able to do more wising to a study from the hereford company's 67% of small-business owners did not hire anyone last year. zero. here are the top three per reasons why. they cannot afford to hire. additional responsibilities and in addition there is one more thing to talk about that is meant getting back to work. between 25 and 64 years old taking into account from in and out of the labor force. that is over 15 percent right now. and has come up gangbusters but the sad part of either end of the spectrum has manufacturing jobs

adp on wednesday and that jobs number on friday. >> the market will be closed. >> has only happened aboutozen times since 1980. let's get over to headquarters. actually, no. the morgan stanley wealth management conference. wapner and the half. ♪ >>> welcome to halftime show. a special edition of it today live from the morgan stanley wealth management alternatives conference. live in new york city. over the next hour, we're going to be joined and get some investment ideas from some of the top names in the business including york capital's jamie dinan. morgan stanley, michael from aries management and joan

adp. jobs number on friday. a lot of people talking about the weather and the ports.t number up. >> i think people -- look i own this restaurant. i don't want to talk about it. but the foot traffic -- the foot traffic, it's so darn cold. the whole country. people aren't going out. just be aware the numbers may be a little damp after the previous number. >> there's the opening bell. a look at the s&p at the top of your screen. down here at the big board, sun life financial celebrating the 150th anniversary of his charter in canada. also at the nasdaq yahoo! celebrating its 20th anniversary. happy birthday to yahoo!. former chief sue decker on buffett's board, by the way, as we talk about berkshire. yeah. >> sue decker. god, remember tim cougle? >> i used -- did you speak to her almost every day. very smart. very smart analyst. good analytical mind. >> 20 years. >> it's going to be hard to beat lumber liquidators after the "60 minutes" piece last night. >> formaldehyde very stark. lumber liquidators have been down in advance. people felt it was going to be bad but they

adp on wednesday and that jobs number on friday. >> the market will be closed. >> has only happened about a dozen times since 1980. let's get over to headquarters. actually, no. the morgan stanley wealth management conference. wapner and the half. ♪ >>> welcome to halftime show. a special edition of it today live from the morgan stanley wealth management alternatives conference. live in new york city. over the next hour, we're going to be joined and get some investment ideas from some of the top names in the business including york capital's jamie dinan. morgan stanley, michael from aries management and joan solotar here as well. joe, steve and josh are all here to break down this big rally on wall street today. as is ben willis. joe, you've got the best day for the dow since february 3rd. hard to believe stat too. 28 sessions without back to back gains. >> shows you the volatility. we're coming to the end of the quarter. so i think there's going to be a lot of position movements. but, you know, you get the favorable news over the weekend that the one central bank that really has not comm

some reporting, adp report that looks at private sector jobs, disappointing.eekly jobs numbers, not good. what do you see tomorrow morning? >> about 230,000 jobs less than in january, in turn less than in december. things are trending down. the economy has slowed. and, mr. obama's policies have a lot to do with that. >> brad blakeman, let's talk about those policies. i think it is quality of jobs people are worried about upset about, concerned about. income in particular. what is it that the president has done to reduce those expectations? >> well i think gerri the president talked about the middle class but his policies have not affected the middle class in positive way. democrats in this town in washington are running all over the place talking about a national minimum wage. you don't get to the minute middle class by a minimum wage job. the thing about obamacare, there is a trillion dollars sitting on the sidelines. we believe republicans believe in the velocity of money. every time a dollar changes hands among the private sector gins up the economy, not us

the job market is continuing a nice trend of gains of 200,000 private payroll tracker adp this morningorting a gain of 212,000 jobs in february. a little underestimated but a revised january total higher by 37,000 to 250,000. labor expected to report a gain of around 240,000 jobs on friday with the unemployment rate falling from 5.7 to 5.6%. tivo turned in a solid 4th quarter revenue up more than 7% to $114 million. solid subscriber growth and overall, for 2014, it gained 1.3 million subscribers up to 5.5 million. that was a record year of subscriber growth for tivo. shares up 4% in the early going. that's impressive because the market is pulling back for the second straight session. let's take a look at the big board. not that pretty in the early going. dow down 140. nasdaq down 36. and the s&p moving lower by 16 points. back to you guys. >> all right. jason brooks, thank you. >>> it is 6:46 now. a sprinter's ambition to run in the paralympics facing a hurdle. someone stole his leg from a car in the mission. the runner knew the thieves took his laptop which he left in the car but soon

adp below expectations. you better continue to get some pretty decent u.s. economic data if you're going to vote for just pause rather than some sort of sizable pullback. >> one of the reasons to look at that pause is like in 2008/2009 when banks were just hemorrhaging and obviously cutting people, high paid people, well paid, well compensated folks, same thing is happening in the oil patch. not the same numbers. not the million people cut that you saw in banks. but you've already seen 100,000 oil jobs vaporize. are they gone forever? i don't think so. but the fact that you've lost an awful lot of high paying jobs, judge, that's part of that, you know, churn that you've got to the market and that's i think why some of these retail as well as consumer discretionary plays have been so sawtooth up and down. >> what about the notion that dow theorists point to that you got to have the transports participating to confirm the move and, in fact, they have not. they've underperformed as our news desk tells us, saying they've underperformed since -- haven't made a ne

manufacturing at 52.9 was underestimated and so was adp reports.t do you make of those kinds of results that we have had only for this week? prof. siegel: one of the most puzzling -- and i would like to know scott's opinion, we have had such strong labor market growth. such poor gdp growth. it is like a disconnect. with the labor growth we have been having, we should have gdp growing at 5.5% a year. we will get the productivity number tomorrow. it is going to be -3%. the bigger question is why has productivity lagged? that is why we are getting those numbers. betty: we will get productivity in a few minutes. prof. siegel: it will be today? i think it is going to be a very bad number. scott: the productivity numbers will bounce around a bit. they are relatively unreliable on a short-term basis. we are looking at a trend where productivity growth is slowing down. i am optimistic that is going to pick up. demand increases in the spring and summer. i don't think gdp growth has been all that bad. 2.2% in the fourth quarter. that is because you had a pul

adp says companies added 212,000 workers last month, slightly lower than the median forecast. meanwhile, january support was revised upward from 213,000 jobs added to 250,000. a worse than expected corner for abercrombie & fitch. they cannot seem to find their groove. comparable store sales were down 10%, missing analyst estimates. the store struggle to learn customers over the holidays. meanwhile, they are looking for a new ceo still. on the company conference call with analysts today, the executive chairman arthur martinez, was asked about the search. >> the process is moving at acceptable pace but it is important to know that these things take time and it is more important to get the right person and to move quickly. stephanie: while this takes time, shares are down as much as 8%. analysts and investors do not like it. janet yellen is answering critics in congress who say the fed is too cozy with the banks it regulates. in a speech last night, the federal reserve chair set the fed works hard to avoid what she called regulatory capture. >> we enforce strict ethics rules and

< adp payrolls process had reported their numbers. it's 165 a most.s not getting back to the 18,000 mark after hitting a record high at the opening yesterday morning. will be watching wall street as the kron 4 morning news' returns right after the break bulldog: oooh! mattress discounters' $197 mattress sale! television announcer: get a serta mattress any size for just $197 each piece when you buy the complete set. the $197 mattress sale... bulldog: oh boy! television announcer: ...is ending soon. ♪ mattress discounters ♪ <