adp which is a payroll processor, a human resource company that processes payrolls. we get data on 23 million workers across the country every month. and getook at that eta lots of information about what's going on in the labor market including wages. wage growth has picked up substantially, consistent with the idea that business cannot find workers. it's particularly in i.t. the wage growth in the i.t. ,ector is stronger, i think than any other sector in the economy at this point of professional services. so, a a little bit less lot of different occupations and back sector. i.t. is quite strong so another piece of evidence is i.t. companies try to bring in skilled workers from overseas on different types of visas. when times are tough, they don't apply asthma because they can find american workers. the h-1b visa program is oversubscribed right now. the job market is very tight particularly in i.t. i am very surprised and it's not at all consistent with the other that i'm aware of. host: chicago, a democrat, good morning. caller: i think this discussion about jobs is

according to the payroll processer adp private businesses added more than j expecteds in january. jo me. >>> meanhe country's top public health officials has resign. dr. brenda fitzgerald stepped own as head of the centers for disease control amid questions of conflicts of interest. there are claims she bought stock in tobacco company before her tenure. >>> in a letter to congressional leaders, steven mnuchin said congress needs to raise the nation's debt teiling soon avoid a government default. it estimated that the government could run out of funds to pay its bills by late march if the lawmakers don't act. >>> the president wants to rebuild in nation's infrastructure n. last night's state of the union speech presidt trump put it on the congressional to-do list. but the price tagmps png questions.d e kayla touchy now takes a look at what the white house may be willing to pay for it. >> reporter: after touting passage of tax reform, he renewed his call to congress for infrastructure totaling $1.3 trillion. >> we will build gleaming new road, hibridges, ways, railways and waterways

you have another adp on lockup. okay? i hope we don't keep going through this, okay? 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 placed calls to 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 these inmates. >> okay. >> placing you in violation of phone restrictions in the jail. you want to tell me why you're doing that -- >> what does that mean? you don't have to keep going through this, man. >> that's what i'm trying to tell you. you're looking at lockup time. >> okay. wow. okay. >> are you admitting to doing this? >> yeah. yeah. >> i'm letting you know here's the situation you're coming into right now. >> okay. >> 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 m

adp and moody said we could expect strong numbers. latest analysis reported 234,000 jobs were created in the private sector in the month of january. that is a harbinger for what the government jobs looks for because these days we're not growing government jobs. most of the jobs come in the private sector. expectations are so strong that chief economist mark zandi said the u.s. is headed for a jobless rate of 3.5% by this time last year, a rate not seen since 1969. but how likely is it and what are the hidden consequences that could bring. and joining me is mark. good to see you as always. >> hi, ali. >> let's talk about this. 3.5%. what gets us there? >> well, if job growth and labor force growth and people coming in looking for work grows at the same rate in the coming year as it has over the past two, three, four five years we'll get there. the unemployment rate has been falling half a percentage point each and every year for the past eight -- almost nine years. so all we have to do is stick to that script and we'll be at 3.5% by th

several leading job indicators adp. warmer than average weather during the reference week.hat could have helped the big caveat, january job numbers massively done there are fewer temporary holiday workers to be let go in january and february which should support a stronger seasonally adjusted retail payroll number so that's really the story i don't think there's any reason to think whatever this number comes in because of the noise we still have a strong jobs market and i think because of tax cuts and other reasons could get quite a bit stronger the only limit as far as i can tell is the number of available workers and how many people we're going to be able to find to hire. >> somebody -- maybe it was mark zandi, they said they expect unemployment to fall to 3%, 3.5. >> there is some talk. members of the fed called it mid 3s joe, i have to call you out. i've been waiting for you to use your comment that you've used. strong hands. >> the dome? >> no, strong hands. isn't this a moment when that strong hands concept, a big change in the interest rate verne zblmt you mean where

. >> commercials every other break saying dump adp and come with them stock two is a company i never heard of, univar, a chicago based specialty chemical company. shea say there's a lot of concern over a rather sudden ceo change, but they don't expect any change in the company performance. analysts think there's no change in earnings expectations so he takes his rating from hold to buy with a $32 target on univar. >> they priced it 10 million shares secondary through goldman sachs in december right around this price you look at this company, you have close to 40% earnings growth in this name. as you said, upgraded, trades at 19 times forward earnings. they're probably best in breed in what they do. the small segment that they're in so yes, thuis session of the ceo caused some consternation as did the secondary, but the stock trades pretty well there you buy it against the 10 million share secondary price. >> you have a future in this you're pretty good >> in what >> everything. >> thank you coming up on the second hour of "power," the latest from apple's shareholder meeting. a closer

jane: we did have the adp data earlier in the week. it raised market expectation above the printed market medium. but i think it is fair to say a lot of that focus will be taken by the average earnings data and fx. when we look at the hold of the g10 we have a situation where wage inflation remains the nine. benign wage inflation has graded great gains for consumer spending. there has been relatively subdued cpi. theme, not just for the u.s. markets, but for the u.k., australia and japan, etc. francine: what do you see treasuries doing within the next two to three weeks? we thought the boj and to adapt and adjust. will others follow suit? jane: for months, you could say the bank of japan governor kuroda has been protesting against the perception in the market that the bank of japan could also be backing out of its huge quantitative easing program. it is asserted that that is not the case. this week we have seen the bank of japan put its money where its mouth is. we've seen it 10 year yields drift higher. they wanted to put a lid on tha

commercials video doorbells idea adds to plink what they got last year takes on some of the other guys adp home smart home security unit this is amazon expanding beyond and now also, contribute to amazon key where they have a smart lock and you go in have package or fresh food dropped off that is acquisition, buying the start-up ring for one billion dollars. >> thank you so much technology titans facing a boith for tries to the national rifle association joining me host of "varney & company" stuart varney weighing in good morning to you. >> good morning, everybody. there seem three separate things going on here you have the news this morning that dick's sporting goods not going to sell assault style ridicules to anybody under 21 got that piece of news i think that is their business, it is their policy. do as you approximately dick's sporting gootsdz, then there is are a boycotting nra movement, like against delta united airlines that kind of thing i am worded about that the politically zaugs of business when i buy a service i buy i according to price and quality not according to the politi

adp which is a payroll processor, a human resource company that processes payrolls.t data on 23 million workers across the country every month. and getook at that eta lots of information about what's going on in the labor market including wages. wage growth has picked up substantially, consistent with the idea that business cannot find workers. it's particularly in i.t. the wage growth in the i.t. ,ector is stronger, i think than any other sector in the economy at this point of professional services. so, a a little bit less lot of different occupations and back sector. i.t. is quite strong so another piece of evidence is i.t. companies try to bring in skilled workers from overseas on different types of visas. when times are tough, they don't apply asthma because they can find american workers. the h-1b visa program is oversubscribed right now. the job market is very tight particularly in i.t. i am very surprised and it's not at all consistent with the other that i'm aware of. host: chicago, a democrat, good morning. caller: i think this discussion about jobs is the d