the adp number this morning. 180, 190 consensus. think for later in the week it will be something closer to 150. i think we have a negative pay back for the surprise in october but the labor market is very much front and center to what's driving the fed toward lifting off in a couple of weeks. i think that janet's message today will be the economy's doing okay but the labor market is moving. you can expect a rate increase but our bigger focus will be what happened after december. i mean, pushing the line that this is going to be a very gradual increase and the data suggested that if anything they'll be revising down a bit. their expectation for rate increases next year. >> how do you play this? >> this play is along a couple of lines. you have gone through a long play of free money. >> the response to any kind of central bank actions has been very much buy whatever the riskiest thing has been. that dynamic is changing. it's going to create volatility in the equity market. it's about pairing positions going into the fed meeting in de

investors wading on adp report as well as speech from janet yellen this afternoon. in europe this morning searching for direction, take a look at the numbers. inflation data and you have gains across the board. s&p up and 30 points higher. look at the dax in germany. take a look at the action there. nikkei average but wig rally overnight in china. the other majors pretty much flat. finally a win for the philadelphia 76ers after a 18-game losing streak. kobe bryant's return to hometown. bryant received warm welcome. front runner donald trump still way out in front holding a 10-point lead over senator marco rubio who has knocked ben carson out of the second position. carson tied with ted cruz and jeb bush at 5% right now. let's take a look at the polls right now. anthony scaramucci, what do you make of the polls? >> anthony: what we see as we get closer, maria, the whole thing flips over. i was looking at polls in 2007 into 2008, john mccain was in this position. a lot of people say jeb bush is a different guy than john mccain. there's one thing that jeb has that the

the adp employment report is out at 8:15 a.m. eastern time.vate employers are forecast to have added 192,000 jobs just this last month. adp, some say is a precursor to friday's non-farm payrolls data. then a revised reading of the third quarter product activity which is expected to have grown faster helping to keep labor costs in check. on top of that and most importantly janet yellen will be talking and we'll be hearing from several other fed officials today. brown foreman reports results as well before the opening bell. after the close, we'll be hearing from avago, box and american eagle out fitters. rob morgan, he's the chief investment officer is with us. good to see you. thank you for getting up early to be with us. what's the strategy do you think for the remainder of this year given that we're waiting on the fed? >> he's going to send a strong print if friday's job report is good the fed will be raising rates later in december and i have been fairly bullish up to this point and i will remain moderately bullish if that is, in case, what

adp good stateside, oil inventories this morning at 10:30.he market coming off a good week of rallies. >> the latest on yahoo!. the board considering a sale of the core business meeting this morning. as for the fate of marissa mayer, that's not the core argument going on now. >> and mark zuckerberg's new baby and the pledge to give away 99% of facebook shares. >> do want to get to yahoo! this morning. given the "wall street journal" story last night, above the fold, saying the board is considering a potential sale of the core business. let's back up a bit and explain what's going on here. if you recall, yahoo!'s board decided early last year they would go forward with a spinoff of its 15% stake of alibaba, they reiterated their intention to move ahead in october with that same spin but without a private letter ruling from the irs, which some anticipated yahoo! would get along the way. nonetheless their lawyers and many others believe the deal would be considered tax-free. the irs would not come after them. however, jeff smith at starboard, we

in addition to hearing from those officials, we also heard from adp. it's payrolls report saying the u.s. economy added 217 -- 217,000 private jobs. this was precursor of the jobs report on friday. thoughts for investors to consider. p -- wirp. at w.a.r. the likelihood the futures market is pricing in another increase. we have seen an increase in the probability. it stands at about 74%. that is something to consider as we going to these remarks from janet yellen. that's take a look at the treasury market ahead of her comments. we are seeing an increase in yields. 2.18% help in part by jobs figures. a bump in the u.s. dollar versus the euro. the ecb, we will hear from them tomorrow. the euro is falling versus the u.s. dollar. . the expectation that there may be more easing in europe. betty: or likely will be. big stock movers. julie: we have to start with yahoo! and the story out of the wall street journal that got was considering selling its core business leaving it with essentially its investments in ali baba. those yahoo! shares are rising 6%. we wil

, though adp had a big miss last month. there were nuances in her speech that i think are worth noting so this won't be the most warning segment as tom hinted -- bo ring segment as tom hinted. she is expecting more of the same. still low inflation. i saw this -- a sluggish and soft economy. it looked like a dovish commentary. strong dollar as a problem and sluggish international growth in all of these factors led me to believe she is not looking for things to get better. there will not be much follow-through. tom hinted or suggested he is looking for four rate hikes next year. i think we get one in december and two next year if we are , a veryd probably three slow moving fed because the outlook for the economy is not particularly impressive. i mean look, i am sympathetic to those general ideas. here is what we know what will happen. i'm about to highlight is technical and not even fundamental. headline inflation will get to 1.5% early in the year. it is based on base effects alone. let's just assume for a second end crew ge

private payroll tracker adp says 217,000 jobs are added in november. that was more than expected.igger gain than what it reported in october. if the labor department's report on friday mirrors what adp said, that really pushes the fed close to a rate hike when it meets later this month. stock market had a big day yesterday pulling back a little bit in the early going this morning. let's take a look at the big board and see how we're doing so far. dow is trying to inch into positive territory. it's up a little. nasdaq has turned positive up 12 and the s&p is flat. >> thank you, jason brooks from kcbs news. >>> time for a look at what's coming up on "cbs this morning." >> gayle king joins us now from new york. good morning. >> reporter: we are here, live and in color hello, michelle and frank, good to see you. ahead, isis sympathizers in all 50 states, why is it so hard to find them? that's a question we're asking today. plus, we are in alaska looking into the mysterious death of juneau's mayor. also, from no taxes to free power, we are going to take you to norway this morning where

resourced for deciding early two continue meeting at the pledge allies made in wales to contribute 2% of adp to defense. targets matters greatly to the nato alliance and send is our commitment to ensuring the sums are invested as strategically and deliberately as possible. with our two military renewed focus on improving the operation and interoperability of forces, we will support our common defense by making sure our common citizens get the most for every dollar and pound spent. the united states values the and cover meant close, during, and global defense partnership. today and in the days to come, we will continue to strengthen collaboration and leverage our capabilities to engage the world as strong, spoiled, allies. >> i am delighted to be here with secretary carter and i want to thank him for his typically generous welcome this afternoon. we have been reviewing the campaign strategy to degrade and -daesh.isil our decision was to extend strikes as secretary carter said. we have already been playing the second biggest part against these terrorists and iraq. providing a large percentage

this leg was after the adp number came out. right now about 4/10 of a percent.er versus the dollar. gold and oil are trading near five-year lows. second straight down day. oil is at its lowest level since november 20. 4120.crude trading at the spread between wti and brent is getting smaller and smaller. down 20% in the last five days. oil futures still down -- gold .90.es down 27 concern about the emergence or the interest rate increase rises. yahoo! finally big mover in the news after the wall street journal reported the company is meeting to possibly talk about spinning off its internet business rather than ali baba. -- as opposedged to a spinoff, sale. you can see shares trading at 3518 -- 35.18. that offer by microsoft four years ago may have been a better choice. abigail doolittle is looking at truck stocks. abigail: bank of america is out this morning with a sector downgrade of trucking companies. demand remained soft going to 2016 on a week consumer and this could cause rates to decelerate as driver costs accelerate. trading at the nasdaq, he has -- ch ro

but anything but for business news today, we had a strong report on jobs from private payroll company adp this morning and we are hearing from janet yelen in a little while, but right now the dow is not doing a lot, it was down just a little bit last i checked and we'll keep an eye. shares of yahoo are up 7% on word that its board of directors is meeting to talk about the future of the company. they're talking about possibly selling their core internet business incredibly, and they will also discuss the future of ceo marissa meyer whose been trying to turn around the company for the last four years, but so far, no luck. >>> speaking of luck. california, won twice last night. he brought one last night, one, and he won an additional $10 million from a scratchoff ticket. he has no idea what to do with the money, but hey, he's got time. yes, you're right, it will make you mad. something like that to happen. >> it's like in blackjack, you get on a heater, keep going, won a thousand bucks, give me more tickets. >> the guy behind him is mad. >> can you imagine? >> what a story. thank you so much

the adp reported growth of 287,000 in the private sector in november, more than wall street expected. it pointed the way to a robust friday jobs report from the government of at least 200,000. and atlanta fed president dennis lockhart said in a speech "the case for lift-off is compelling." san francisco fed president john williams chimed in. he prefers to hike rates sooner rather than later. the big issues for yellen and the fed are the recent downturn in manufacturing and the surge in the dollar. that could further reduce inflation. but we may already be in a world where incoming data, if it's weak or strong, is processed by the market in terms of when the second rate hike will come, not the first. for "nightly business report," i'm steve liesman. >>> let's turn now to michael farr for more analysis on the fed and the stock market's interpretation of what chair yellen said today. mr. farr is the president of the money management firm farr, miller and washington. michael, always good to see you. you were in the room today where the speech was given. did you hear anything -- i sure did

. >>> adp relations its employment report and we also get data on labor productivity and costs and that'shat to watch wednesday. >>> in california, it's all about water. more specifically, the lack of it. and what companies big and small are doing to capture it when the coming el nino storms bring much needed rain to the west coast. jane wells has our story. >> reporter: l.a. may be a desert but it still rains once in awhile and when it does, all that storm water runs out into the ocean. it doesn't have to. you could try to keep it. >> ten inches doesn't seem like a lot but if you take it off a million of squares buildings, it's millions of gallons of water. >> david crawford founded an industry which is growing. for one thing, the federal government has new rules demanding storm runoff be captured and reused to stop contamination of groundwater. but out west, everyone from individuals to cities to big companies now see it as a way to hold onto the delaunch el nainio may bring. >> what's the biggest project you've done so far? >> probably a 6 million gallon hospital, million gallon system

adp says the private sector added most jobs in five months. >>> so unless tomorrow's governmental jobs report is a complete miss most analyst expect we will that first interest rate hike in nine years. cyber monday turned out to be the biggest on line shopping day ever in the united states. shoppers spent american $3 billion with a huge surge in shopping by the smart phone. people were also in the mood to give, on line donations on giving tuesday reached nearly 117 million-dollar, that is 155 percent more than last year. organizers credit social media, forgetting the word out, which does make sense, nicole. >> certainly does, jill, thank you. >>> 5:38. sixers center jahlil okafor is sitting out the a two game suspension after a second video emerged of a confrontation. in this video by tmz sports okafor for the a heckler outside a boston nightclub last week. video appear to show two separate scuffles. statement from the team says that in part while we are disappointed with his recent actions we have faith in him as a valued members of the sixers. >>> suspension forced oak for to sit out

now today's round of economic data includes private sector hiring from adp and november estimate for added. that would be up from the 182,000 that was added in october and, of course, we are going to get the big monthly job's report on friday. economist look for nonfarm payroll to increase and the unemployment rate to hold steady at 5%. >> nicole: sources say it will waive sale. the board is also expected to discuss whether to proceed with a plan to spin-off yahoo's investment in alibaba group. the board meetings come as ceo marisa myers faces performance. stock is down about 33% this year. >> cheryl: big hit there. facebook ceo mark zuckerberg saying they will give away nearly all of their wealth, $45 billion in current market terms to solve the world's problems. the news coming after they celebrate the bit of their baby daughter max. one of the largest gifts in a letter to their daughter the couple said they had created a newfoundation that would initially focused on personalized learning, curing disease and connecting people and building strong communities. >> nicole: we saw shang

resourced for deciding early two continue meeting at the pledge allies made in wales to contribute 2% of adp to defense. targets matters greatly to the nato alliance and send is our commitment to ensuring the sums are invested as strategically and deliberately as possible. with our two military renewed focus on improving the operation and interoperability of forces, we will support our common defense by making sure our common citizens get the most for every dollar and pound spent. the united states values the and cover meant close, during, and global defense partnership. today and in the days to come, we will continue to strengthen collaboration and leverage our capabilities to engage the world as strong, spoiled, allies. >> i am delighted to be here with secretary carter and i want to thank him for his typically generous welcome this afternoon. we have been reviewing the campaign strategy to degrade and -daesh.isil our decision was to extend strikes as secretary carter said. we have already been playing the second biggest part against these terrorists and iraq. providing a large percentage

she comes with the adp report. better than expected.ome of the economic data of late has not been great. the jobs report is this week. the fed meeting is next. we're going to take you live to d.c. when ms. yellen takes the podi podium. you're watching cnbc, first in business worldwide. hi watson. annabelle, your birthday is tomorrow. i'm turning seven. what did you ask for? a princess. and a pony. you like things that begin with p. i like pink frosting too. will you have a cake? yeah. i was too sick to have one last year. the data your doctor shared shows you are healthy. are you a doctor? no. i help doctors identify cancer treatments. i want to be a doctor someday. i can help with that too. watson, i like you. >>> we're back, and just two days away from opec and the meeting that it will be closely watched by the oil market. our next guest says the once mighty cartel could be losing its power. ed morris is the global head of commodities at citi. he swroinz us live today from new york city. welcome back. nice to see you. >> good to be wi

. >> you have another adp on lockup. hope we don't keep going through this. okay? know you make calls for sostre. we also found that you place other calls for other inmates while they're in lockup. >> no. >> you have placed 17 calls from the unit under your name through other inmates. through their families you place three-ways to your families to. these inmates are in lockup. they don't have privileges to make any phone calls or have you relay any messages for the inmates. placing you in violation of phone restrictions on the jail. >> what does that mean? you don't have to keep going through this, man. >> i'm trying to tell you. you're looking at lockup time. >> okay. wow. okay. >> are you admitting to doing this? >> yeah. >> i'm letting you know here's the situation you're coming into right now. a recommendation was already made by sergeant daniels to place you on phone restrictions, okay? >> okay. >> any questions? >> no. >> okay. >> please don't come back and waste my time no more. i don't give a [ bleep ] what you do. >> while evans will get more segregation t

payroll processor adp says private employers added 217,000 workers last month. most of the jobs were in the service sector, only 6000 of them were in manufacturing.stocks sank wednesday after the price of oil dropped 5-percent and tech stocks gave up earlier gains. the dow was down 158 points. the nasdaq lost 33.//here's something else star wars fans can geek out aboutverizon is giving out free star-wars themed google cardboard viewers the catch - you do have to be a verizon customer - and supplies are limited.there are four designs to the platform that acts as a mount for a cell phone. how would you like to have a hot starbucks delivered to your home on a cold winter morning? well that will soon be possible for people in the seattle area as starbucks and postmates test a pilot program. you might want to order more than one cup and some food. the delivery charge is $5.99.that's your cbs moneywatch report, for more head to cbs moneywatch.com, in 3 the hunt for isis followers in america is now going on in *all* 50 states. the george washington university program o

technology and is called spot >>darya: they faked and interview for him \ >>mark: a big drop after the solid adpction adopt 10 home >>james: shonas not a lot of activity here the field north of santa rosa we're picking up some showers will of hills' board by rent from a par 101, and charles as well but nothing as widespread or as intense as we saw yesterday to the few sickness showers this morning in is just to cover as for this morning in the north they were you might run to some of that the to bay area will be just fine again was some distance some breakfast after one at track and keep it handy it was that on the cool side >>mark: they're still searching for modems and they've been following the latest this morning with more on this silence officials are looking to the possibility that he was radicalized a potential motive for one system and a soap that had communications with more than one terrorism's subject be monitored by the fbi over the last several years the officials say there were not considered high fire the subjects the behavior at a company hauler departed wednesday risk of size wi

adp says companies added 217,000 new jobs to the labor force last month, the biggest increase in thereating just 6,000 jobs. the report for private and public sectors comes out on friday. >>> jeffrey hosenball says it's time to find a new career adventure. the shutterfly ceo is leaving and the company is trying to find someone to fill the corner office. >>> looks like black friday people were really shopping. >> shoppers spent almost five hours shopping and because of the long lines, reports say every shopper only got to about three stores in that time. the location tracking service also says best buy, macie's and jcpenney saw the most shoppers that day. >>> snapchat is rolling out a new feature. >> they will allow deep linking to facebook and twitter. that means sending users to a specific page within an app, not to a home page. big name publishers that could benefit include cosmopolitan and iheart radio. snapchat has been working to make it easier, and we are on the ktvu account there. >>> google unveiled the santa tracker site for the season. some new games, new features including

the adp group carried out its work during the first week.ys seems a long time ago by putting forwards the text by the presidents, we set up an informal body for confrontation by this paris committee. we've all worked a lot, slept relatively little, and a number of ministers have helped us in bringing about compromises. i have to thank them. i thank you very warmly. several meetings in four months of debates took place under difficult circumstances. there have been no less than two successive versions that have come from the work of the parties this week before proposing today the final text. at each stage, the objective was to bring us closer together so the agreement could be wished by all. at each time the parties were consult consulted on the best ways to move forward as well as on substance. all of this was done in a constructive sphere, and i particularly want to exercise this. and today we are close to the end of this process. we wish -- and this is my deep conviction -- to an ambitious draft balanced agreement that reflects the positi

adp was a surprise to the up side. williams and lockhart saying the case is compelling. jim, any question here? >> if i'm an american worker and finally making some money, i don't need this. what happened in europe is that my other principle, the dramatic spike in the dollar, we lose that principle and let's move. let's move. let's move. >> you don't mean that in a michelle obama physical fitness kind of way? you mean, let's race. >> let's race. i know i'm getting a lot of heat on twitter for saying this. i'm going right at those people. i'm sanguine. >> when we come back, yahoo! weighing its options. we will get the latest. take a look at the premarket. we have been all over the map in the last 45 minutes. month are "squawk on the street" from post 9 at the nyse in just a moment. innovating. ove and apparently, they also love stickers. what's up with these things, victor? we decided to give ourselves stickers for each feature we release. we read about 10,000 suggestions a week to create features that as traders we'd want to use, like social signals, a tool that uses soc

this is coming from moody's analytics but a reporter by the name of dawn lee looked at data from adp, the federal reserve, which tracks everybody wage toss see where things are going and they do see pressure to raise wages. federal reservists saying two to 3 percent. here's what everyone should pay attention to a guy named mark zandy a very well respected economy and research economist at moody a's analytics. this is what he says. quote i think it will be a break out year for wage growth. here's why he is saying that. we are watching unemployment fall, it is, if it reaches 4.7 e the fed considers full employment. when you have letter unemployment you have pressure to keep people in their jobs. there are people that say this isn't going to happen. jerry bernstein who advises the vice-president, he said people, hourly wages aren't going to go up much but is there pressure to raise wages. new york city is raising the fast food work tours $15 an hour. california's minimum wage went to $0 an hour. there is pressure. >> adam, what you are saying it is okay for to us go ask for a raise today

a better-than-expected jobs report from adp today.m said companies added 217,000 jobs in november. the median forecast in a bloomberg survey was 190,000. the federal government releases the jobs report on friday. scarlet: we heard moments ago from fed chair janet yellen, who is signaling confidence in the market economy. the atlanta fed president said he favors raising interest rates this month. speaking fort lauderdale, florida, lockhart said "absent information that changes the outlook, i think the case for liftoff is compelling." we just need some inflation. alix: and losses could cost kerry green mountain hundreds of thousands of dollars. cases brought by competitors and consumers are advancing. customers claimed they were keurig's coffee pot and rivals claim it designed its machines to damage competition. you can always get more business news at bloomberg.com. scarlet: we just heard from fetch a janet yellen public-policy makers of the bank of canada also spoke today. governor said in a statement that the economy continues to und

we did get an adp hold. 217,000 jobs added. more than expected. the dow is down three.winner. technology leading the way today. intel also a leader there. other big winners include yahoo!, netflix, amazon. netflix almost 170% this year. hitting an all-time high. yahoo!, big news there. cabell. options because of investments. that stock is a when. ♪ stuart: we keep bringing this up because this is big news. a lot of people making some serious money here. highs for those three very big companies. amazon, netflix and alphabets. now, this. the largest police union asking the nfl to let off-duty and retired vets carry weapons. >> that is not really a situation that you plan or anticipate at all. >> no one has ever discussed that with you? >> no. we have never had a discussion. we do not cover that. >> don't you think that there should be some plan? >> moving forward i am pretty sure that we will have one. stuart: maybe there will be a plan for this. the president of the national -- welcome to the program, chuck. good to have you. >> thank you, stuart. good to be here. i have