the report is based on data collected from adp clients. the services sector of the economy contributed to most of the job gains. manufacturing employment fell. the release comes ahead of friday's monthly employment report. >>> which brings us to drew, he joins us now to talk more about the labor market and whether or not he thinks we'll get more good news this friday when monthly report comes out from the government. he's an economist with ubs. good to see you, again, drew. >> good to be here. >> all right. adp was good. does that mean that friday's number will be as good? >> well, it doesn't mean that, but it's another thing to hope for and i think we should look at adp by itself, right, it's a great series and it's an independent survey and it's telling you that things are going well and i think that's something you can take into friday which is things are going well and most likely we'll get a good report. >> are we at full moment or so close that it really doesn't matter anymore? and what does that imply if we are there for the future

adp, not bad, better than expected. peter, let me ask you a question before we get into it, why do we pay so much attention to the jobs numbers? >> well, the employment picture is hugely important, just because of you need a job to get a paycheck. you need income to spend on your life necessary distance and december krigs their items where goods need to be produced to supply that. so it's obviously part of the big chain. the question is, is -- >> so it's the correlation, we look at jobs, historically when jobs go up, everything floats higher. is that not correct? >> well yeah. it's part of the chain. but sometimes it's, it's production and income growth that then leads to further job growth and then so forth. sop it's one part of the chain. it's not necessarily the beginning. it's towards the end of the chain, but a key part of the chain. >> all right. now last i looked, we're down about 12 million jobs from the participation rate at the beginning of the decade if we'd have held it constant. i guess my first point to hi

he says the payroll company, adp messed up. so he hand signed 1400 new checks this evenings that he says are good. his staff worked over time >> tonight's prior to and tomorrow's prior to will be to make sure the hard working poll workers get their pay and they can use their money. >>> one way they were getting those new checks is a drive through set up behind the building. the cars were lineed up at one point. janell said she didn't get a check and had to come here to get it. but she said she's not mad. >> they're so understanding and they work with people and their schedules i'm like it's okay. >>> news 6 found out the checks were supposed to be anywhere from 160 to $325. it's money of their workers were really counting on. >> what are you doing to make sure this doesn't happen next election. >> just like everything that's happened tuesday morning, we will sit down and begin to evaluate each situation. >> reporter: he said he wants adp to pay for any over draft fees they incurred. and over these new checks. now i talked to ad

adp shed 9,000 workers but more than made up for it by 27,000 construction jobs added.he others included construction spending, vehicle sales, consumer spending and better gdp. none of it strong enough to prompt the fed probably to hike in march but the feds fund futures market guys is saying investors are starting to rethink the chance of a hike in june. >> thank you, steve. let's check in on the markets. trading at about the flat line after a rough start to the trading day. the dow, s&p and nasdaq all about at break even. that's battling back to that point. and worth noting that after having been lower is up aboabout about .5%. an monsanto is the biggest lager. and the leader of the dow at this hour, jp morgan. today's sector is energy. going along with that oil. >> yeah, oil has reversed. when we come back, box ceo aaron levey one of the tech ceos speaking out in support of apple. plus the latest on apple's case against the federal government. what comes next after yesterday's hearing? and satellite television going online. more from at&t and directv when squawk alle

the adp employment report is just minutes away.go fed president charles evans on the battle between the the battle between the hawks and the doves. >>> turning your home into a piggy bank. banks pushing hard to get consumers to tap into their home equity with lending reaching pre-crisis levels. is this trend pushing the financial system into the danger zone? >>> and it's national pencil day. yes, this is a thing. there's national prom day, national bunsen burner day, national goofoff day, there's even a national joe day. >> whoa. look at that. but while it sounds ridiculous, we'll show you the money behind this. the third hour of "squawk box" begins right now. >> welcome back. i'm joe kernan along with becky quick and andrew ross sorkin. we're less than 15 minutes away from adp employment report. economists expect the creation of 200,000 private sector jobs down from 214,000 in february. that's at 8:15 a.m. eastern. i thought they were telling us 243, that must have been the previous one. >> there's two different consensusest ma es

let's get that adp report and steve will react. >> adp beati ining consensus.vate payroll company does a good job guessing what friday's job number will be. the january number revised down by 12,000. 193,000. here's numbers you need to know. 185 was estimate. 214 is the number. big enough perhaps to cause economists to maybe nudge you have estimates for friday which is 200,000 right now for government and private sector. you can see the split there. goods 5,000. i want to show you one interesting fact here which is job growth by business size. the reason i bring this up is large businesses adding 76,000. they had come down in january and there was concern that the decline in the stock market may have caused large businesses to reduce hiring. that did not show up in the february numbers. now let's bring in mark zandi. good morning, mark. what happened to the recession that the market promised us? >> there is no recession, steve. you know, i can't discern any impact from the financial markets on the real economy. none. you see it in today's adp numbers. vehicle s

he says adp didn't transfer funds before issuing a check. workers spent hours cutting new them. >> like everything that happened tuesday morning, we'll sit down and evaluate every situation. it is safe to say adp will be owing me money. >> news 6 talked to adpment their spokesperson said he didn't know about the situation and would be looking into it for us later this morning. we'll keep you posted. >> now to a crime tracker alert. a family pleading for help after someone stole their two english bulldogs from their home. roberta said her closest companions were taken pr her home on laurel avenue while she left with a handy man she hired to go to a nearby store. when she arrived home about 10 minutes later her two dogs are gone. they aren't sure if the handy man was involved but say they are looking into the possibility possibility. neither of the dogs were microchipped. line -- 1-800-423-tips. >> the deland police department will team up with the baptist church to hold a safety seminar. it is after high profile shootings across the country.

numbers. >> adp numbers again, there's not a month to month correlation in the adp but the adp is a pretty good indicator of trend and that's one of the reasons you're seeing this market looking this way and starting to question the market -- the beauty of market is the russell continued on plus side while the other major global indexes and that's the market, you have the u.s. market versus global market and that's where the success is being made. >> nice to be back. >> ben willis of princeton securities. >> good stuff, it was must see tv this afternoon. mitt romney and donald trump engage in a war of words hours ago as a republican establishment tries to derail trump's popularity. john harwood has the blow by blow. >> today was the day that the republican establishment in the form of mitt romney took the anti-trump effort to deaf-con 5, this mitt romney going as hard after donald trump is as possible to go after someone in your own party and he aside from the allegations about trump's character and foreign policy judgment, he said he wasn't a good businessman and would be bad for t

if you chart adp and nonfarm it's a bad indicator.go the same direction a lot of the time. nfp are inange and white and they track fairly close to each other. it's another upside and that's what matters. as we go into the federal reserve meeting later this month, anticipated data is important. will the economy develop in the way we anticipate? you will get a breakdown of the events and research and the logs -- amber blogs. is theu will see economic forecast of 2016, real gdp, 2.4%. and unemployment of 4.7% and that's their best case scenario. through the numbers, real gdp at 2.4% and unemployment at four point 7%, it's not unrealistic to think we can hit those numbers. stephanie: expectations for a .ebound seem big we've got the jobs number coming out and even those who don't care so much aboutadp care about the jobs number and we could be getting a strong jobs number and the market likes that. >> it's the idea that we would all love this steady upward climb but the market is proving that it's always much messier than that. we seem to

matt: we are getting adp employment change.00,000 to the private payroll report from adp and we were looking for 195,000, so a little bit better than anticipated. basically in line, not quite as good as the fourth two hundred 14 thousand. staying around that two hundred thousand level. i just graft adp in white and non-foreign payroll and pink. although adp is not historically a good predictor of non-foreign payrolls, if you take a big deal, and this is a 10 year look , this is the great recession, they track each other fairly well. adp is a positive 200,000, and we will wait for non-foreign payroll tomorrow and we expected to be 200-5000. david: richard chilton, what do this?ke of one month number does not tell you much, but it is informative to look at the chart and see the trend. that is a pretty decent clip. it is greatly needed. we all know that the jobs number is probably the most inaccurate in the history of the planet. the number will be. something along those lines would be -- the market would like. the expectations ar

we'll see what happens with adp jobs on friday. the big corporate story of the morning, former chesapeake energy ceo aubrey mcclendon has been charged with bid rigging. the justice department alleging mcclendon orchestrated deals between two large energy companies to not bid against each other in certain land leases in oklahoma. the charges follow a nearly four-year probe. chesapeake was not named in the indictment. mcclendon, who stepped down as ceo in 2013, is now with american energy partners, and he intends to fight this and denies any wrongdoing. stunning to see this. >> big story, that one. >>> another one on the agenda today, exxonmobil will host its investor day in new york city. landon dowdy joins with us three things to watch. >> hey there. good morning. executives at the oil giant are expected to address some of the unanswered questions following exon's most recent earnings report. here are three things to watch. first, capital budget. exxon already announced it would cut spending by 20% this year. if they cut capex furt

plus, we have the adp numbers.his is our first look at what could be a hint of what's to come friday for that big jobs report. we're going to be talking about that. steve liesman is here. we have a lot to get through. >> love it. sounds like a great show. >> thanks, becky. still to come, the fed follow through. the reaction to a dovish janet yellen. jim o'sullivan, chief u.s. economist at high frequency economics, will give us his take next. don't go anywhere. we're back in a couple minutes. hi watson. you are a fierce competitor. i've heard that. i have analysed your biggest matches. oh really? when down a point, you serve an ace 5.8 times more than other top players. you sound like a coach. i am not. but i can customize training programs based on biomarker data. watson, that's pretty impressive. you might say i am the serena williams of cloud-based cognitive systems. nah, i wouldn't go that far. we'll be with you shortly.. yeah right... xerox predictive analytics help companies provide a better and faster custome

he says adp didn't transfer funds into the properly account before issuing the paycheck. they spent hours cutting new checks and hand seening all 1400 of them. some of the workers lined up in money. >> what are you doing to make election. everything that happened since tuesday morning, we'll sit down and begin to evaluate each situation. will be owing me money. >> news 6 talked to adp. the spokesperson said they didn't know about the situation and would be looking into it for us later this morning. >> the crayola experience in orlando is expanding. a brand new attraction there. >> the florida store announced it would add rocking paper to its offerings. these are newly released renderings. these are pretty cool. rock and paper brings personalized creations to life on a colorful stage complete with lights and music. the crayola experience opened last july. it features 26 hands on attractions inspired by crayola products. >> that sounds like a fun day. it is inspiring me to get out crayola and start drawing. drawing. >> i want to show you this, this is one of our storm pin g

. >> reporter: adp said u.s. companies added 200,000 jobs despite the weak global economy. the government's own march jobs report is out tomorrow. >>> a new report says consumption of soda is the lowest in 30 years. coke and pepsi has not been hurt because they have branchedz -- branched out into other drinks. >> reporter: chipotle may be exposing into burgers. the gourmet burger market is booming. they host chop house. >> reporter: that's america's money. >> reporter: have a great day. when you think about success, what does it look like? is it becoming a better professor by being a more adventurous student? is it one day giving your daughter the opportunity she deserves? is it finally witnessing all the artistic wonders of the natural world? whatever your definition of success is, helping you pursue it, is ours. t-i-a-a. ♪ like dogs... this guy? not so much. your amigos -- always there for you. and avocados from mexico -- they're always there for you because they're fresh all year 'round. ♪ avocados from mexico ♪ ♪ put more fun in your day with ice-cream-flavored coffees

payroll service adp reported this morning that private businesses around the country created 200,000 jobs last month. that's a very healthy number. the biggest increase in jobs was in the transportation sector. that's good news. the number of jobs in the energy sector actually declined last month because of the slide in oil prices. the government's more important jobs report will be out on friday. of course the market will watch for that one very carefully. >> and major league technology is coming to major league baseball. apple has just signed a deal to supply ipad pro tablets to every major league team so that coaches can have instant access to data during the games. helping them determine pitcher/hitter matchups, analyze a ball, all the things that coaches used to do by instinct. now they'll have their necknology neck technology with them. we'll see if this has any impact on gamts. >> you know some people are not going to be happy. there's that gut instinct that people really admire. >> does experience count for nothing anymore now? >> i don't think so. if i'm any example. [ laugh

looking for 2,000 although we had the strong one on adp. for wages not to equal that nice number in january. still a trend growth. an unchanged employment rate. you're right. the economic data has turned better and the story has been with the stockmarket trading on fears of no recession, but, sara, not a lot of trade on strong growth in the economy. >> let me just explain what's happening here. there are two surveys of services. the survey we got last week was disappointing. it's okay but not as bad. >> it's the one with the much longer history. >> also that jump in factory orders was the most in seven months in january. thank you, steve. steve liesman. we're going to talk more about the impact. stocks are in the red. lower oil prices along with weaker than expected economic data rattling investor confidence. stocks hold their recent gains ahead of jobs reports wchl l. let's discuss it now. david, the data has looked better. is it that expectations were getting too low or solid data that shows our economy is on an upswing? >> i think expect

the account is only useded to but for some reason, the venn tor, adp, didn't put the funds and all the checks boupsed. around noon -- bounced. around noon, he got the call, and for hours he's been trying to make it right by the people who helped him last night. the supervisor of elections office told us that they're actually the only one in the area that cut checks the day of. usually, they're stoent the workers and it takes two weeks. bill is in his office, he's handwriting the checks, he is going to address the media tonight and just the next half hour or so. he is writing those checks and along with those, he is writing a apology notes. butler, channel 9 eyewitness news. >>> not a good day for him. meanwhile, elections supervisor was also trying to figure out who made the mistake on the ballot printing which creating the shortage at a number of precincts. the supervisor says it was a simple clerical error that precincts to run out of ballots. today, demonstrators say we shouldn't have those kinds of problems in 2016. >> there needs to be something that just allows people to be able

jobs are the life blood of the economy, we had a very good report this morning from payroll company adp. they say in the private sector, month. these days, any number over 200,000 is considered a very this bodes well for the government's more important jobs report out friday morning. so that's a good sign right there. and let me tell you about this familiar retailer in our area that has filed for chapter 11. it's sports authority. they operate 460 stores around the country. they have filed for bankruptcy. 140 of those stores will be closed or sold. it's unclear what happens to the remaining stores. executives say they may just sell the rest of the company outright. customers of sports authority who have gift cards are urged to use them right away. usually in a bankruptcy, gift cards become worthless right away. they say they're going to honor them for the time being. if you've got one, use it in a hurry. >> thanks for the warning. >> bill, thanks. >> dave price is here with a change in forecast. so nice this morning, but -- >> getting colder tonight. next week we could be close to 70 de

>> we were contacted by adp and told they did not pull the funds from our -- checking account to cover the checks. >> the supervisor elections decided to cut the checks directly, calling and staff to organize and distribute new went up checks as quickly as drive-through at their headquarters on west kaley avenue for workers who needed the money asap. workers like luis ramos who actually rode his bike across town to get his check. >> now i have to find out if i have an overdraft in my account. >> i mean, the money is there. it should been worked out. >> vicky bell is running for supervisor of elections and says not having enough ballots at polling places and issuing bad checks to poll workers is something that couldve and should' ve been avoided. >> i would' ve definitely known if things were working ahead of time. >> but despite the check snafu, at least two workers say they won' t be giving up their poll worker status anytime soon. >> oh you better believe it, i' m gonna be doing this until i die . >> i am very very impressed i have never seen a state agency act that fast to give mone

. >> topping america's money, more jobs in the private sector, adp said united states companies added,000 jobs despite the weak global economy. >> the jobs report is out tomorrow. >> a new report said that consumption of soda is at lowest level in 30 yours and supporters say this are more options with profits at coke and pepsi not hurt because they have branched out into other drinks. >> chipolte could be, sanding. into -- could be expanding interest burgers. chipolte is operating chop house, asian cuisine and pizza store and burrito restaurants. store and burrito restaurants. a lost store and burrito restaurants. a lost when i have an asthma attack... i feel scared. sometimes my parents have to take me to the hospital. i feel like a fish with no water. you know how to react to their asthma attacks. here's how to prevent them. call... visit... or call your doctor. because... ♪ when you recognize something isn't right, make the call to the veterans crisis line at 1-800-273-8255 and press 1. get tested i don't have any symptoms. [female announcer] of cancers affecting both men and women

. >> each one is telling us what i think it is safe to say adp will only money -- will owe me money to pay for overtime for the staff, cost of checks and that. >> poll workers can pick up checks this week at the elections office or have them mailed. >>> osceola county woman says she did not get a chance to vote for florida's primary because another group changed her party affiliation. stacy harris says she's been registered as a republican for 22 years and when she went to a polling place tuesday she was told she could not vote because her affiliation a change from republican to no party. >> i wasted my time and i wasted my vote it will not count. >> we found that having some third party affiliation such as league of women voters can turn into -- documents were your affiliation changed as long -- document she sign petition but did not think that could take or change your party affiliation. >>> 3 million registered voters did not vote in tuesday's presidential primary because they are not affiliated with the major party pics of people say that is not theirs is tax dollars i used to fund

. >> it's safe to say adp will be owing me money to pay for the over time on this staff and the cost of the checks and all of that. >> now cowls is cutting checks straight from the county account. they come with an apology letter and guarantee they'll go through. >> tonight's priority and tomorrow's priority will be to make sure these hard working poll workers get their pay. >> reporter: now workers can choose to pick up their checks all week or have them mailed, something also note side orange state to pay on election day, so even with this problem, poll workers are getting paid earlier than most. reporting live in orange county, kimberly eaton channel 9 own. >>> a third-party affiliation cost one woman the right to vote. stacey harris has been a registered republican for 22 years and yesterday she went to vote but she was told she could not because her signature and her affiliation changed from republican to no party affiliation. >> it's frustrating because i know i did not change my affiliation. >> we found out like the league of women voter asks turn in voters with your affiliati

jobs market, adp employment change figures.next, taking asian equities extent the global rally. what to expect from the european trading day. ♪ anna: welcome back. it is 7:19, 8:19 in frankfurt. let's get to your bloomberg business flash. caroline: thank you. revenue,osted annual up 15% from the previous year. they announcede, a small your operating profits at 666 million pounds. beer shares have soared in hong kong after it agreed to buy sab miller's stake in their chinese joint venture. it would give china for control of the world's best-selling brew and smooth the way for sab miller to buy ab inbev. the transaction still needs regulatory approval. iconic capital, which helps manage the fortunes of silicone vally billionaires, have hired stanford kim. that's according to a person with with knowledge of the matter. he'll focus on private markets. of chesapeake energy is facing allegations he worked with an unidentified competitor to keep the price of leasing land artificially low. u.s. justiceby the department of orchestrating

note, a lot of focus here about jobs, we do have the big government jobs report tomorrow and yesterday adpthe private payroll processor, says that hiring did pick up last month. so investors watching to that. >> very good. >> also, we have been hearing about apple, google will pay, mobile payment systems but now one company is taking it the a step further. what are they doing? >> reporter: well, that is right, google actually wants to make it so you can pay without taking your smart phone out of your pocket. you could down load an app and put your payment system in there and when you a approach the counter they would use some type of wifi and they would be able to figure out you will use that payment system. cashier would look to make sure it is there, photo id thaw down load. it is all getting very high tech. >> are we too lays toy get our phone out of the pocket, sad day, jill? >> reporter: it is a a little too easy to buy stuff, i hear you. >> we will see you later this morning, thank you very much. >>> the pentagon is, hoping to get hacked, in fact they are willing to reward you for do

hiring remained health any march, payroll processor adp says companies in the u.s. added 200,000 jobs, big gains in construction, we will learn more tomorrow when the government releases the march employment report. before the bell this morning we will see how many people applied for unemployment benefits last week. >>> chipotle is thinking beyond burrito with plans to open up a burger chain. the chipotle applied for a better burger chain. they are trying to recover from the eve coal eye and are ino virus. it will go head to head with shake shack and five guys. >>> not only can you post photos of your vacation on facebook but you can check in on your flight with facebook messenger. klm is first to let users check in, get flight updates and talk to customer service representatives directly on facebook's messenger chat app. jim? >> good stuff to look forward to thanks, jill. >>> another thrilling finish for the flyers, this two great play that is kept their playoff hopes alive. >>> plus, do you feel like you're glued tour gadgets all day long. the impact all of that s

this according to the payroll processer, adp. the construction, retail and shipping industries all had solid gains but manufacturing employment barely budged. >>> so while the labor market is humming along the same cannot be said for corporate profits. overall, earnings for companies in the s&p 500 are forecast to fall. continuing a trend of the past few quarters. dominic chu tells us just how ugly it might get. >> reporter: in just a couple of weeks, a lot of focus for traders and investors will turn back toward company-specific stories. specifically because in a couple of weeks, we start large cap earnings season yet again. and this time the estimates, they're not very good at least to start. here's what we're talking about. if you take a look at s&p 500 companies, the analysts at thompson reuters compile the estimates and right now showing what could be a forecasted 7% decline in s&p 500 profits over the same time last year. and it's not just bottom line profits. it's also what's happening with sales as well. they're forecaste

>> we were contacted from adp, told that they did not pull the funds from our checking account to cover the checks. elections decided to cut the checks directly calling in staff , to print up, organize, and distribute new checks as quickly as possible, even creating a drive-through at their headquarters on west kaley avenue for workers who needed the money asap. workers like luis ramos, who actually rode his bike across town to get his check. luis ramos: now i have to find out if i have an overdraft on my account. >> that' s the check. >> i mean, the money is there. it should' ve been worked out. summer: vicky bell is running for supervisor of elections and says not having enough ballots at polling places and issuing bad checks to poll workers is something that could' ve and should' ve been avoided. vicky bell: i would' ve definitely know that things were working ahead of time. summer: but despite the check snafu, at least two workers say they won' t be giving up their poll worker status anytime soon. >> oh, you better believe it, its gonna be i' m gonna be doing , this until i die. >>

>> we were contacted from adp and told they did not pull the funds from our checking account to cover the checks. >> some workers say it won' t stop them from doing it in the future. one of them telling us they have never seen a state agency work this fast. from the florida primary, you may remember some polling stations did not have enough ballots. michelle: new details this morning about a late-night shooting at an orange county apartment complex. gunfire at the chowder bay apartments complex. the 26-year-old died at the hospital. a man has been taken into custody but it is not clear if he has been charged. there is no word on a motive. we have called into deputies to see if an alleged carjacker is out of the hospital. he stole an suv with her dog still inside before crashing. >> i pulled the dashboard off and he was laying there in the back kind the seats. i grabbed him by his arms and pulled him away. >> andre palmer low got into a car. he crashed into a power pole several miles away. >> the car burst into flames, if it flames. ran to a nearby home. he was reunited with his owners

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we know what the adp showed us yesterday, 190,000 jobs in the month of february.ing on that report. in asia markets mixed overnight. nikkei top-performer up. reading on uk service's sector hitting lowest level. cac quarante and dax in germany both lower. higher opening for broader averages, things have come well off of their highs in the morning and now we are looking at a flat showing. we will get economic data, readings on the service sector, manufacturing report. that's at a 15:00 a.m. eastern. that's typically a market mover. top story of the day, granting immunity to clinton staffer who installed private e-mail server in her up state home. judge andrew napolitano. judge, good to see you. one thing struck me, they were not serious perhaps about the next level of this investigation. why would they grant pagliano immunity? >> they wouldn't. fact that he has immunity, only a federal judge can grant immunity, he will only grant immunity to a witness whose testimony a witness they need to testify before proceeding t proceeding is a grand jury, we know already the f

prettyent numbers are strong, the adp report. but overseas, the problems are still there.hat itsome might say is the u.s. situation that really counts for u.s. investors and we do not need to worry about contagion from overseas. where are the hot spots for you? >> china is number one in terms of tail risk. it remains to be seen whether the after our flows will continue. risk is evaluation of the rmb, which can have significant contagion effects by exporting deflationary pressures around the world. also, in the ecb. we have a meeting with mario draghi coming up. it is a potential of disappointment. people are expecting him to ease. it remains to be seen. vonnie: the political situation in the u.s. causing a little uncertainty, too. are you making any changes to your recommendations? >> the focus has been of our new purchases of staple-like stocks that are resistant to these global macro pressures, have very visible earnings growth, a trading in multiples of less than 10 times in our 2017 earnings, get will show double-digit earnings gains. vonnie: how have you found those s

eix: we have adp respect -- with all due respect to the campaign, no, no do respect. ♪ we have been sayingw to the king is a three ring circus, but with the events of the past 24 hours as turned into something darker and weirder. it will get to ted cr'

wednesday brings the adp serving of private employment. thursday weekly jobless claims will set the stage for friday's big jobs report for the month of february. nonfarm payrolls are expected to fall slightly to 2500 jobs at the unemployment rate holding steady at 4.9%. lauren: protester and violent as ripping protesters clash with riot police. the latest from brussels and a big leap or u.s. economic data. r by being a more adventurous student? is it one day giving your daughter the opportunity she deserves? is it finally witnessing all the artistic wonders of the natural world? whatever your definition of success is, helping you pursue it, is ours. t-i-a-a. lauren: 5:15 a.m. eastern time. it a.m. eastern time. get caught up with what's happening now. socialist bernie sanders picking up big wins over the weekend after sweeping three states in the race for the white house. sanders beating hillary clinton in alaska, hawaii and washington state is so far including superdelegates prettily clinton has 1700, sanders 1000. it takes nearly 2400 to

the adp reporting only covers private businesses. a bit of a difference in the march jobs report on friday. >>> thousands of workers could soon be out of o of a job at boeing. the aerospace giant in seattle is taking steps to eliminate 4,000 jobs by june. the ultimate goal is to get rid of 10 percent of its works for in washington state. that would be about 8,000 positions. boeing said it would be eliminating commercial airplane joshes as part of a cost- cutting effort. >>> companies that assembles apple's iphones, fox conn, has agreed to a $3.5 a billion deal with sharp corporation. sharp was a pioneer in electronics in the early 20th century. it has struggled financially, though. foxconn has promised to upgrade sharp's technology, but abuse not more and specif on hough it plan toes to do that. >>> and an executive from mattel officially fell for a sophisticated e-mail scam that nearly cost the company $3 million. according to the next web, the e-mail claimed to be an invoice from a vendor in china. mattel had just changed ceo's at

i mean, the ism and auto sales, construction spending, adp, i mean, auto sales to me was the biggesthock honestly because everybody has been talking about it peaking and it's stayed pretty strong so people feeling a little bit better, not rushing out and getting really aggressive and seeing the rotation in industrial sectors and energy because industrials are getting better, no worse. >> just tactically speaking, makes sense for the market to get up to the threshold level, 2000 on the s&p or the upper end of the range before the big jobs report. >> brings us right to that big report. you know. there's a lot at stake, mike. let's just say there's a disappointment what happens. >> an undershoot on a number of jobs. >> i actually think that might be okay if we're still above 100,000 or so. massive undershoot i think you have to start asking questions if that one key component of the recovery, the labor market is in trouble. the treasury market, by the way. >> doing okay. >> well, they are kind of preparing for a strong number and for the fed to be back in play, right? >> watch the wage

. >> we were contacted from adp and told that they did not pull the funds from our checking account to cover the checks. brett: so some work is that of bitterness for year says -- year said it will not stop of the big in the future. one of them saying they won' t see -- have not seen a state one of the issue the florida primary, some polling station that have enough ballots. so a couple areas for improvement the next time around. michelle: this morning, we are waiting to learn if an alleged carjacker is out of the hospital. he allegedly stole a woman' s suv with her dog still inside before crashing it. we spoke to a man who ran to help them. >> i pulled the dashboard off and he was laying right there in the back behind the front desk behind the seat. i reached out and grabbed by the arms and baltimore in the car. fire just went right through the old carbon on fire. jason: deputies say andre michelle: -- deputies say andre pomerleau got into the car yesterday morning. several miles away. probably 20 foot flames can have a car. michelle: no word on his condition this morning. the golden

i think it is safe to say that adp will be owing me money to pay for the overtime on this staff, the cost of the checks, and all that. >> poll workers can pick up checks this week that the elections office or have them mailed to them. >>> tensions were high at a meeting to discuss plans to build a mosque near a residential community was packed. owner of the land is donating it so they can build the when a religious center. those who live nearby say the property is zoned residential and voiced concerns about traffic, noise and the orion to impact. >> a lot of them -- environmental impact. >> a lot concerned with zoning but they were then angle what is a mask of what you do in a mask and we are not welcome as the opposite. >> of the developer has not committed an application yet. >>> orlando mom is facing serious jail time after being accused of hitting a teacher at her child's school. calandra bad while reaching out to us after we reported her story on tuesday. she refused to wait for staff to verify her id when she wanted to pick up her son from school. staff says she did not have ap

i'm told 4 1/2 pounds of adp were recovered. there is a connection between that and the ring leader of the attacks. at at that and a connection between the guy that they just shot in schaerbeek. this is all happening very, very fast. >> thank you so much, paul. appreciate it. colonel rick francona, thank you as well. >>> ahead, so many families desperate about news for their loved ones still unaccounted for. and some getting the news they feared the most. ahead, confirmation of the americans killed in the bombing. in no hurry to make anything happen. neutrogena® rapid wrinkle repair works... ...in one week. with the... fastest retinol formula. ...to visibly reduce wrinkles. neutrogena®. we believe in the power of active management.management, by debating our research to find the best investments. by looking at global and local insights to benefit from different points of view. and by consistently breaking apart risk to focus on long-term value. we actively manage with expertise and conviction. so you can invest with more certain

adp reports in february there was a gain of 214,000 jobs. that was more than expected. that comes before the labor department's report for february on friday. economists generally expecting a gain of around 180,000 jobs. we saw some big gains for the market yesterday much welcomed. it's been a tough 2016 so far. the dow gained almost 350 points. this morning, a little bit of a breather for investors. let's take a look at the big board and see where we're headed. the dow is lower by about 40 points. nasdaq down by 2. and the s&p is also falling by 2 points in the early going. frank and michelle, back to you. >> thank you, kcbs financial reporter jason brooks. >>> students from uc schools up and down the state sickened by an outbreak of the norovirus. mark kelly reports from the cal campus in berkeley. >> reporter: "bollywood" berkeley is an annual dance competition. in this year's performance, certainly it ended with a bang. >> i was shivering, i was feeling really chilly, i was sweating. and i just didn't feel well. i wasn't able to keep down water. >> reporter: the mor

i mean, if you look at manufacturing numbers off 9,000 and adp numbers, which is the private sector. we're not seeing that at all. this is kind of a relief rally off the dash for trash. >> okay. kevin, i'm afraid that's all we have time for. >> great being on with you. >> "worldwide exchange" is coming up neblgs. next. >>> good morning. breaking overnight, chinese exports drop more than 25%. the biggest decline since 2009, but this number is not as bad as it might sound. >>> new this morning, investors taking a bite out of shake shack. shares slammed after disappointing numbers. >>> the big news this morning, michael bloomberg says he won't mount an independent bid for the white house. it's tuesday, march 8th, 2016. "worldwide exchange" begins right now.

wednesday, the adp employment report.hursday, jobless claims as usual in march and then march final read on march consumer sentiment. february construction spending and march auto sales all out on friday. the job report, wilfred is the biggie. coming off of the week, we really didn't have that much economic data. >> there was one week of economic data of note. investors will get the first chance to react to that today. we had fourth quarter gdp figures, on friday, the markets were closed. q-4 gdp increased 1.4%. strong consumer spending was a key factor. >> but weak corporate profits was the low point which a lot of people were focused on. down a little more than 7% if you take out special factors which is still one of the worst reads for corporate profits since the great recession. can they bounce back in the first quarter. new fed speak to tell you about. san francisco fed president john williams says the u.s. economy in his words is doing quite well. he points to stabilization. strong employment growth. williams sugges

we had very good adp released employment numbers yesterday, there were a lot of new jobs created, oil up. the big thing yesterday was not that that donald trump or hillary clinton were in the lead, i think it that bernie sanders was not going to be the nominee of the democratic party. i think that if there is anything that scarce financial market it is bernie sanders, his policies would destroy economy growth. deirdre: a lot of his ideas were punishing people who have worked hard, companies included in that, former romney economy advisory andy puzzler. >> thank you. deirdre: reverend sharpton said he is packing his bags if donald trump wins, now party of five actress nevcampbell says the same. antonio sab aut sab at rao is with me accident. next. >> if donald trump is the nominee, i am open to i support anyone, i am also reserving my ticket to get out of here if he win, because would have me deported anyway. anything worth pursuing hard work and a plan. at baird, we approach your wealth management strategy the same way to create a financial plan built to last from generation to genera

we have been looking at adp payrolls on the private side wednesday. that surprise to the upside. weekly jobless claims holding strong yesterday as well. louisa? >> so wpp shares have been paring gains after the ceo struck a cautious tone on 2016. the world's largest advertiser posted a 7.7% rise in full-year net profits with sales outpacing forecasts. but in terms of payout, it hiked the dividend as well by 17% to more than 44 pence per share. goldman sachs raised its price target on the stock earlier this morning. speaking to cnbc, the ceo explained how the u.s. presidential election is affecting his business. >> what it does do is tighten up media rates and make clients very much more focused and indeed our agencies on the rates they achieve, the spending, the targeting. interestingly, one of the things that has come out of the election is we're going a lot of programmatic buying. in other words, highly technical, data-driven media buying, highly targeted, using demographic data in sophisticated ways. we've applied the consumer analysis to political analysis. so one of the thin

. >> we're offsides, repositioning and thinking the adp number this morning was good.e -- in still trending down. i guess people took them as, hey, maybe this is not as bad as we thought and when i look at it, nothing has really changed at all and i think when we come to friday, again, the market's got itself in this condition or this position where what's going to happen, if we have a weak jobs report which i don't expect and we have that and people will say wait a second and the economy is bad again. if it's really good then people are going to say, wait a second, maybe now the feds will raise rates and look what happened the last time. i think the market is in a tough spot. if you are buying the market here as opposed to down at 1850 you're trading backwards. >> if you're looking to jump in on recent numbers, look no further than the dogs of the dow, the stocks that have had the highest yielding dividends and some of the biggest dogs have been broadly outperforming the market so do you speak with him. paul hickee is here to explain. paul, so far the dogs are, the do

adp was 200,000. you really could ask the question.re is the slowdown that everyone has been work e worrying about. the macro picture is not showing it. >> torsten, we've got to leave it there. thanks for coming by. torsten slok, chief international economist at deutsche bank. >> the problem is left off that if the market is doing well and the slowdown that everyone is talking about isn't really there, it gets to where guy tick kicked off the show. they're kind of backed into the corner to the idea of raising. although i don't think they will, they're backed into the corner to the idea that makes people want to sell the overall market. >> what i want to know also is a lot of people are saying earnings will shape up in the second half to year. it's a very back end load story. but interest rate hikes are a back end loaded story. it looks like it's going to be in the back end of the year and that could be headwinds for corporate earnings. >> kick it down the road. if you're going see more investment coming in buying the u.s. treasury, you

the adp number this morning will be one or the moving of the two watch. latest developments on apple's side over encryption. apple hardly filing appeal against the order to unlock the iphone is by one of the san bernardino attack to after james colby testified yesterday yesterday before the house judiciary meeting a mistake was made early in the investigation. the details plus former cia dirt leon pitt not as take coming up on the program. hillary clinton and donald trump last night in super tuesday states. click vermin live with all the details. >> good morning to you as well. every sunday night. donald trump and hillary clinton will begin on the republican side for trump one state over the map anywhere from the northeast to the south. donald trump picking up seven more states less than super tuesday. said cruz won three states including his home state of texas. marco rubio at this first it are in minnesota. plus the trump did not have a major election night rally. and rally. instead he held a press conference here in florida when he tried to make the ca