. >> this friday with the employment rate number, we saw the adp number, still 150 to 200. to me that sort of cements it, but i think the market would be less certain than that. >> you are watching "bloomberg markets." i'm nejra cehic. matt: tomorrow the latest jobs report. a good report could lead to rate increases this month. we are back with binky chadha. by bloomberg's executive editor of global economics. a great story that you did, the bloomberg news did about janet yellen's speech and what she might have been hinting about that she wants to see in the jobs report. >> our colleague wrote about this this morning and we discussed it briefly earlier this week. the sentence and share yellen's speech about how the rate -- chance for a rate increase is oxygen got all of the last week. she basically said, it just has to confirm our outlook. game ofs guessing payrolls tomorrow, it doesn't have to be a super awesome number. it doesn't have to be a blowout. it just needs to not be a disaster. where is that point? >> it depends what's happening to wages, the unemployment rate. t

adp said private companies added 177,. that was in line with the 175,000 estimates. steve liesman takes a look at what might happen after friday. >> if the jobs numbe right, does the fed have to hike? that's the question on wall . the wall street looking for 180 jobs at a rate at 4.8%, a key indicator for the report, adp national report came in right on target, showing private sector jobs with 177,000 for august. mohammed says the odds are 60% and could go higher on saturday. >> what makes the probability go higher, if friday, we pull ahead, job creation in excess of 180,000. >> wage growth going up and no significant moves in the par missation rate that pushes the unemployment rate up. about%.et >> behind the increasing odds of a september hike, janet yellen in jackson hole said the case is strengthening and stan fish esh said the rate hish is possible and may mean more than one this year. >> y yellen said over the past two day, they are looking for incremental data points that would suggest stronger activity. the field where willing to consider the rate hike. >> ci

this deals with the adp and non-pharma payrolls. to pay attention to is what happened in the last two months. adp has underestimated nonfarm payrolls by 96,000 jobs. if you were to see that 177kting based on the number you could see nonfarm at 200,000 plus. bill gross looking at 150 -- 150,000 that would be a trigger for a fed rate hike. you also need to pay attention -- isn.fn the employment hiring, both of those moving relatively higher. at the white line in the adp was a large firm which hired the fastest pace since february. i think i got this confused, one second. adp nearly the fastest pace of hiring since february. what does it follow? do you follow the isn or adp which has been stronger in terms of the large firms hiring? in terms ofide, estimates come a lot of the survey estimates for august over the past five years have missed. these blue bars are what the market expected and the orange bars are what actually happened. look at september 2000 11, 0 change versus last year. caroline, you are reading the tea leaves and it is

the adp number helps.n't have the ism services. >> you have to look at a piece of the journal day. just the other day, we were arguing about whether the drop in the participation rate was just retired people. the idol army. >> you're supporting my argument. >> back in the last year of the great depression in 1940, americans employed between the ages of 25-54 was 86.4%. now it's 84.4. >> down 2 percentage points. >> lower than it was at the end of the depression for participation rate of men 25-54. it's an abysmal number for people in that age. >> you're talking about men because women have entered the workforce. >> far be it for me to be any type of gender. >> she makes a good point. >> i'm glad you're here. >> the demographics have changed drastically. >> i'm glad you're here. i'm glad michelle is here. alison is here. is that really -- you're blaming women. >> no demographics have changed. >> my wife works now. my daughter works. i've got everybody working sglg if they didn't work, there would be more jo

adp was strong so the market was weak. there we go again. >> it was that, but also the idea with some of the chatter in the morning that, look, we already knew this number was going to be around this. a lot of it already baked in. do you believe the fed will raise rates if it's a strong number on friday. >> no. >> i need to see it. >> who knows. maybe they want -- >> i think they want to. >> they've cried wolf so many times. it wouldn't kill them to do a quarter point to reestablish credibility. >> once a year you get quarter point. >> usually it's once every ten years. we got one quarter point in ten years. then in the next decade they will need a quarter point within the next decade. the fed futures are 34%. >> there had been some people, did you here muhammad the other night on cnbc was saying 60-80% they're going to do it in september. >> i wish they would. >> before the election? >> i think that's part of it too. not only are they itching to do this for the credibility factor. it's also we're going to prove that we ar

adp national employment report showed on wednesday the u.s. added 177,000 private sector jobs in august, slightly more than market expectations. investors will be looking for clues for how the federal reserve will react this month. the fed and the bank of japan will have policy meetings on december month. let's look at the dollar yen, 103.20 to 23. let's get an idea of asian markets across the ones that are open now. kospi trading lower and the asx 200 down 0.35%. lower markets overall, but looking ahead this month, the central banks here and in the u.s. is will be likely the key drivers of investor sentiment. i'll have more for you in a couple of hours. back to you. >> thanks for that update. >>> this week we're bringing you a special feature on beating the heat, focusing on three traditions that highlight how people work and play at this time of the year. the japanese like to enjoy ghost stories when it is hot out because it gets people's goosebumps that cool them down. business leaders are capitalizing on that by setting up horror attractio

payroll processer adp has already shown solid job growth and that's raising expectations for a rate hike. i'm giang nguyen reporting. >>> economic data out of china showed a mixed picture of the chinese government purchasing managers index for manufacturing came in at 50.4 for august. that's up 0.5 points from the previous month. meanwhile, pmi data fell short of expectations. the figures had little effect on mainland markets. the shanghai composite dropped by. 0.7%. property shares weighed on the index. but hong kong reacted positively to the pmi. the hang seng gaining by 0.8% to finish at 23,162 finishing at the highest in more than a year. shares in indonesia slipped nearly 1%. that's after consumer prices in august grew at their slowest pace since 2009. and sydney down by 0.3%, a sharp fall in oil prices weighed on the index pushing it to its lowest close since mid-july. >>> here's is look at some of the other business stories we're following. executives at japanese firms have increased spending on buildings, equipment, and other fixed assets for 13 quarters. government officials say

yesterday adp pay row processor say private sector job growth was solid in august especially in the business and retail sectors. millennials continue to get a bad rap. new stud friday monster.com find new generation of employees could have a better work ethic. 58 percent of generation z, born in the mid 90's say they are willing to work nights and weekend compared to 45 percent of millennials. instagram is rolling out a new feature to let users zoom in and photos and videos. it is available now to ios and android in the next few weeks. finally, brooke and joe. >> thanks, jill. >>> am i only one excited by this. >> maybe, maybe. >> we all share that excitement. we got you. >> i'm excited, we remember bill nye the science guy, and basically how a generation learn about science grow you will. >> he is getting his own show again where you will see it and how soon. >>> plus strawberries are blamed for recent out break we will tell you about the fios is not cable. we're wired differently. so we wired the wagner's house with 100 meg internet. which means in the time it takes mr. wagner to pour a 20

businesses added healthy 177,000 jobs in august according to new numbers from payroll processor adp. job growth was particularly strong in the retail and business sector that includes higher paying jobs likening nears and accountants. we will learn more tomorrow when government releases its monthly jobs report and wall street will be watching, brooke and joe. >> here's a hotly debated question, be careful what you post on line but jill we're hearing a judge in texas says it is okay to leave a bad yelp review. >> reporter: that is right, a doctor threw out a one million-dollar by prestigious pet, a pet sitting business in the dallas area. businesses said that the client violated its contract by writing a one star review on yelp. contract has prohibited customers from criticizing the business in public, prestigious pets is considering an appeal, brooke and ohio. >> very interesting. >> do you know, with cell phones, your cell phone company in the contract that you agree to terms that you do not read you are not allowed to speak down about them publicly. >> very interesting. >> fine ren

. >> and robert didn't geter hurt trying to run into a linebacker for adp is what happened he wants this was close to the end of the game i i think he broke out when i think it happened that he could remember i broke out. the scramble to get out of bounds and gary's spot them gary fenton and he was trying to get there at the last second he's been pushed in the back and as he turned to go out of bounds tb a guy was standing there in the and just as had in the chest is how to happen. >> want to know this all too well in game onenees last year josh mccown injured against the czechs journeymen sail then started the next week for them and for griffin is 2015 to them if it were the case once again this season just getting one game a tough break for him if ?-ellipsis he's really got on the fieldf they make it to your investment contract wife i and i think they are willing to go further and see what happens with rg three now thisd w kind of the things are just opened with a quarterback of the cleveland browns will be usedt regrouping to support a price for this loss to the beat goes in philly bu

yesterday got the adp number. that number was in line with expectations.ay is the final number that we get as we head into the big government jobs report for tomorrow that so many people think is so key to what the fed decides to do. whether too raise rates or not. i believe it when i see it. we'll be talking about all those issues coming up, and, of course, the big tease is wilfred is joining us. see you in about an hour's time. >> you will indeed. look forward to it. including a interview with buzz ald rin. second man on the moon. >> did you ever see buzz when he got really frustrated with a conspiracy theorist that came up and harassing him and harassing him and saying you didn't walk on the moon. finally got frustrated with the guy after he called him a liar, he punched him right in the face. this guy is awesome. >> makes me even more excited. becky, can't wait for that. "squawk box" starts in seven minutes. here for the rest of "world wide exchange," let's drive boo the markets. joining us onset is drew matus. deputy chief at ubs. greet to hagreat to

so i think we'll see a number closer to 150, 160, but keep in mind what the adp number flashed yesterdayor two days ago that we had an upward revision to july. the mix could be we end up averaging a pretty good number for the past two or three months. the question will be how the fed is going to respond. >> what's your estimate consensus. >> before yesterday, i would say the data was pretty evenly mixed, but i was really surprised to see ism employment sub component so we've had seven out of nine on the last month ism employment index come in below 50, come in at a contraction. i saw an interesting statistic out of citigroup yesterday. 72% of the last instances of ism headline misses that the subsequent payroll report has also come in as a miss. >> and that would pretty much jive, david, with your 150,000 forecast. the question you brought up is the fed. how they interpret this data. clearly behind the headlines wages will be key. what are you looking for to see whether the fed does make a move in september or december? >> i'm not even sure that we're going to get total clarity out of to

largely stemmed from phishing e-mails, never part of the industrial control, adps we'll get into later on. that attack vector surface was never there. i think through efficiency and ease of use have opened that up. so we need to take a step back and say how do we take your typical i.t. cyber security and make them industrial control relevant so they are still doing uptime and efficiency but securing nation's energy sector as a whole. >> in general technology and innovation what we seek for vulnerabilities, it is unavoidable. it is our responsibility as solution providers, public and policy creation to create a safe inform to continue to deploy those technologies and innovation in order to remain competitive and to remain as capable as we are especially like the energy sector and grid. >> as stated in the report and also on energy.gov, we've decentralized all these different aspects of what makes up the sector. so we've got different transmission, generation, delivery functions, these are all separate markets. what used to all be one is now controlled, sharing and complexity we've added