hampton pearson has more on today's jobs report and what it means for the economy. >> reporter: december 2013 was the weakest month of hiring in three years. after averaging 214,000 jobs per month from august through november, the economy generated just a third as many new jobs in december. lead, economists were shocked. >> i wouldn't pay any attention at all to these numbers. >> they're not consistent with anything. [ overlapping speakers ] >> please everybody needs to chill it down a little. we haven't fully turned the corner any more than we were down in the dumps. i think this is just a reminder that we've got to get all our ducks in a row before we declare victory. >> reporter: even the drop in unemployment to 6.7% had a dark cloud. most of the decrease was due to people giving up looking for work and dropping out of the labor force all together. the labor force participation rate dropped to 62.8%, the lowest in 36 years. once people stopped looking for work, the government no longer counts them as unemployed. ammunition for those on both sides of the debate over extending jobless b

hampton pearson who was able to settle the torrent facts. >> we where he will spend that. he was arrested on dui. in the police station, right now. let's check in with rob ma ta. we're seeing 30s and 40s, a little patchy fog along the coast. and in the north bay 32 degrees in santa rosa and the east bay, waking up to upper 30s, 41 in san jose. but the two head lines we're watching for you will be the high surf advisory on the coast. not so good if you are not prepared. we'll see up to 15 feet building to 20 to 30 come tomorrow. at the same time we're seeing this dry area of low pressure dropping in from the north, so fire danger high where you see the off shore winds. those will be some of the east bay and north bay hill tops. the combination of the dry winds, low humidity and lack of rain causing problems. speaking of the lack of rain, the lows that go from east to west, they don't have a lot of moisture. we may see more coastal fog and mist into tomorrow morning. then the sierra may be an isolated shower or two. this low acting as a wind machine than a chance of seeing a

i'm hampton pearson in washington. >> there are jobs out there, but sometimes they may not be the kinds of jobs people want. take manufacturing. the name alone conjures up assembly lines and in some cases these jobs do pay more, but it has an image problem. mary thompson has more. >> reporter: they're not pretty, but they pay. that's a widely held view of manufacturing jobs. >> it's innovation and technology. it's robotics. it's 3d printing. we need to open up our doors and invite people. >> reporter: those will find there are 600,000 jobs to be filled. the jobs becoming available as older workers retire. one challenge, getting a younger generation to buy into a career with what they typically associate with their grandparent's situation. a 2012 survey, while 87% believe manufacturing is important, manufacturing jobs rank last among 18 to 24-year-olds among the ones they wanted. companies have to sell perspective employees on a different manufacturing world where factories are not sweat shops. schools have a role to play. >> the high schools have to bring those trades back into the scho

considering changes this morning for that and the rest of the news before the bell we turn to hampton pearson live. good morning. >> how you doing, scott. futures are lower after a mixed day for the markets on wednesday. the dow dragged down by ibm's disappointing earnings, the nasdaq closes levels not seen since july 2000. data later on about unemployment and existing home sales and earnings. the dow falling 41 points to close at 16,373 t nasdaq up 17, closing at 4243. jack lew is warning he will run out of emergency measures to help the u.s. avoid a possible default in late february. unless lawmakers raise the debt ceiling. when congress struck the deal to end the shutdown in october they suspended the debt ceiling until february 7. lew says a late start to the tax filing season will likely increase the number of refunds sent out in february meaning the treasury will have less cash to pay the nation's bills. and netflix is toying with changes to its streaming video service. the company which is based in los gatos is considering aa plan for $12 to allow four people in the same house stream m

hampton pearson has more on what's in the bill, what's out, and how close it is to becoming law. >> the massive five-year farm bill headed to the house floor is a bipartisan compromise nearly three years in the making. it calls for spending almost 100 billion a year with savings of 2.3 billion, including an $800 million a year cut in the food stamp program. and the elimination of 4.5 billion per year in direct subsidies now paid to farmers whether they grow crops or not. with the shift to crop insurance programs, so farmers would have to incur losses before receiving payouts. house agriculture committee chairman frank lucas calls the bill nothing short of a miracle. >> even though raising food is important to every consumer in the united states and around the world, we just had a tough situation. a bad political environment, no money to work with, diversity, half the united states house was in the round for the last farm bill in 2008 so no experience. just the most difficult set of circumstances. >> reporter: house speaker john boehner has endorsed the compromise but leading conservativ

. >> reporter: mon monetary policymake -- for "nightly busi report" i'm hampton pearson in washington. >> joining us now to talk more about what's next for the fed and the u.s. economy is allan blinder, former vice-chairman of the board of governors at the federal reserve and now professor of economics at princeton. welcome. >> good to be here. >> is the fed doing the right thing at the right pace and dca the economy continue to expand? >> the economy can continue to expand. the fed is doing what it can with quantitative easing, but nobody including the fed this this is a first order importance in how fast the economy is growing. we're talking the decimal point or beyond. it can keep growing with the fed withdrawing stimulus. is it doing it exactly the right time and pace? nobody knows the answer to that. i have to admit some sympathies with eric rosengrin who dissented on the grounds they were starting too easy. this is a close call, it's not a very big difference one way or another. >> so alan, the fed tapers, which is pretty much what the markets were expecting. and we see the bond

hampton pearson, what's going on?t from the attorney general and the director of intelligence essentially on new ways for reporting methods of national security orders. basically a joint statement issued by those two saying that the number of customer accounts targeted under those orders and requests in the underlying legal obligations, these new reporting methods communicating providers will be permitted to disclose more information than ever before to their customers. this was at the request of the likes of facebook google linkedin, microsoft, and the general counsel for yahoo!, now the justice department meeting them perhaps halfway on new disclosures. the letter from the justice department saying additional ways now that the government will allow those companies to report data concerns requests for customer information. this is a follow-up to the president's speech last week. we're notw getting more changes along the way in this patrolwhole controversy around what happens to data collected by these companies. >> s

first hampton pearson has the cnbc "market wrap." >>> hi, alex.oing into tomorrow. the dow closing up 109 points to close at 15,848. the s&p up 19, and the nasdaq tacking on 71 points, 4,123 is the close there. that's it from cnbc first business worldwide. hungry for the best? it's eb. want to give your family the very best in taste, freshness, and nutrition? it's eb. eggland's best. better taste. better nutrition. better eggs. her long day of pick ups and drop offs begins with arthritis pain... and a choice. take up to 6 tylenol in a day or just 2 aleve for all day relief. all aboard. ♪ all aboard. nwas the most watchedage otelevision event ever.s so, what's next? the upcoming winter games from sochi. where every second of nbc universal's coverage will be available on every device. on tv, online or streaming on the nbc sports live extra app. beginning february 6th, experience the winter games everywhere. welcome to what's next. comcast nbcuniversal >>> people who call it the stoner bowl, the bud bowl, and my personal favorite, the super doobie bo

. >> i'm hampton pearson. stocks stage a rally thanks to strong economic growth.p up 20, the nasdaq jumps 71. robust consumer spending helped gdp grow at a 3.2% annual rate in the fourth quarter. spending was up more than 3% during that period. meanwhile, jobless claims rose more than expected last week. and amazon shares are falling hard after hours. earnings, revenue, and future guidance disappointed. that's it from c nbs. i always say be the man with the plan but with less energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron the only underarm low t treatment that can restore t levels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms

hampton pearson is live in washington with more on that, hampton, good morning. >> the department ofwhat the agency is describing as a technical bulletin to retailers and other merchants. it specificallies out the malicious software techniques that were used to attack target late last year, those attacks affected 40 million credit and debit card accounts, led to the theft of personal information including e-mail addresses and names of as many as 70 million customers. the report tells us the hackers targeted numerous retailers and here's some more highlights from that, basically saying the malware was written partially in russian, the malicious code couldn't be detected by anti-virus software, hackers as we mentioned targeted numerous retailers and hackers displayed innovation and a high degree of skill. that report was prepared with the assistance of the securities intelligence firm eyesight partners and its ceo john waters shared many of those details late yesterday with us here on cnbc when the story first broke. programs the biggest unanswered question remains, what other major re

hampton pearson joins us with the story. >> jack lew has sent another letter to congress urging themtion he says would be for congress to act before the february 7th deadline to finance the government. in the absence of that the so-called extraordinary measures would have to kick into place. here is the interesting thing about this letter. he says that back in december when i previously wrote to you, i estimated treasury would exhaust the extraordinary measures in late february or march. however, based on our best and most recent information, we believe treasury is more likely to exhaust those measures in late february. two reasons for that number one, the treasury secretary saying there's going to be a lot more money going out in early february to pay for tax refunds and there's a lot less borrowing authority available than in 2011 and 2013 the last time congress and the administration locked horns on the whole issue of raising the debt ceiling. back to you. >> and that date fast approaching. hampton, thanks. i want to check david garrity and david faber for joining us. we'll have p

gaining an advantage through the use of computerized techniques and this is when steve liesman or hampton pearsone locked in this room. >> and they try not to twitch. >> i don't believe the information's getting out from the room, but through super computers faster when they leave the room. isn't that's what's happening? >> different parts of the government have different systems. so some rooms are an actual lockup and you can't leave the room and all the computers are controlled centrally. but other parts of the government do it different ways. and i think in the case of the weekly jobless claims data, it's not as locked down as some of the other data. >> it's like the monthly jobless report. >> rebecca patterson, by the way, everybody. formal introduction, but thank you for being here and giving us a little bit of detail. and barry knapp is our guest host. >> you guys made it in today, we appreciate it. >> yeah. put on the snow shoes and slushed on in. it was fine. >> the drive was nothing compared to going across veil pass. >> yeah, you came in right next to short hill. >> we got 30 inches of

i'm hampton pearson in washington where a federal appeals court has struck down the federal communicationsoadband providers a lot more room to charge content companies for faster speed. now, the fe krerks rules were designed to treat other broadband contact along the pipes equally but the u.s. court of appeals in the district of colombia found that the fcc lacked the authority to impose any discrimination rules because it failed to classify broadband internet as a carrier service. it was based oob suit by verizon. and threw out the fcc rule that barred providers from blocking internet traffic outright. it is a blow to the concept of net neutrality. something the obama administration has trumpeted from day one. so far no comment. we're waiting for more reaction specifically from the fcc. they saying they are going to look at this ruling and pursue all of their legal options including possibly appeal. but a big blow to the net neutrality rules of the fcc and potentially big implications for verizon and other major telecom providers. carl, back to you. >> half on the, thank you for that. big