hampton pearson >> reporter: despite much weaker than expected job growth in march, unemployment claims at post-recession lows. weekly first time claims rose slightly last week but the key barometer, before moving average stands at just over 282,000. the lowest in nearly 15 years. the news comes one day after job openings top 5 million in february. the first time that happened in more than a decade according to the labor department. reasons why the managing director of the international monetary fund christine la guard, among the leading economists who see march as a momentary pause for the u.s. economy. >> i don't think that's one lower number should gray the whole picture, which is otherwise quite rosy for the u.s. economy. so i think that if you combine the bad weather, the strike and the harbors on the west coast, you have a few ingredients to have low growth in the first quarter. >> more >> more evidence for oil industry layoffs. in march, previous engines with job growth like construction manufacturing and transportation had no growth or cut payrolls. also contributing to a weak f

for "nightly business report," i'm hampton pearson in washington. >>> coming up 82,000 acres of working ranch land and one man's decision not to develop it. but he still gets paid millions. that story n >>> here's what to watch tomorrow. more jobs data out. the initial jobless claims report will be read. a read on manufacturing with the monthly factory orders report and the fed will hold a two-day conference on economic mobility and the chair, janet yellin will speak. and that folks is what to watch tomorrow. >>> millions of americans are unable to get credit cards, mortgages, and auto loans because they're labeled too risky by lenders. but fico has a solution. fair isaac, known as fico expected to announce a new credit scoring approach this week. according to reports, that score takes things into account like cable bill and cell phone bill. >> here's a change sue. more than 70% of actively managed open-ended mutual funds beat the total return of the s&p 500 in the first quarter this year. here's a look at the best performing u.s. equity funds so far this according to morganning star. u

hampton pearson has more tonight. >> reporter: janet yellin and fellow monetary policy makers di agreed widely last month on when to begin lifting interest rates from record lows. just released minutes from the mid march meeting showed some policy makers wanted to raise rates in june and some afraid to hike later this year and some said the economy wouldn't be strong enough for an increase until 2016. the fed's benchmark rate has been near zero since december of 2008. the minutes show policy makers unanimously agree to remove the word patient from policy statement. said further strengthening of the job market inflation moving closer to the 2% annual target and international development would all be factors in deciding what lies ahead for interest rate policy. for "nightly business report," i'm hampton pearson in washington. >>> stocks were moved by those minutes, moved all over the place as a matter of fact as investors pored over the language that hampton just told you about. there seems to be a bit of a delayed reaction as the minutes came out as it happened around the same time that

for "nightly business report," i'm hampton pearson in washington. >>> it's tax tuesday here on "nightly business report" and tonight, we're looking at some of the more unusual tax deductions that you may be eligible for. sharon epperson joins us from new york. thank you. >> good to be here. >> tell us the craziest tax deductions out there we're not aware of. >> if you have a dog, you can't claim a tax deduction for the fami pet but if this dog is guarding your business if you have a small business then you may be able to deduct the cost of the food and the vet bills as a business expense if it's an ordinary and necessary business expense. that's something people don't think about. the other one is swimming pool. swimming lessons generally not tax deductible but in the past the irs approved swimming pools being built for those whose doctor has presc hbed having the swimming pool as a medical necessity due to some health concern. dry cleaning another expense that comes up if you're traveling for work. you may have to have your clothes dry cleaned. that could be a business expense, an ordi

as hampton pearson tells us wall street and main street often see the economy very differently, and for good reason. >> reporter: in march, the government says the economy produced only about half the jobs expecte and when combined with revisions for january and february job growth for the first order of this year now stands at 197,000 per month compared to 269,000 for all of 2014. now the guessing game about the economy begins. >> it's going to be important to monitor development to determine whether the softness in the march labor market report we saw on friday whether that foreshows a substantial slowing in the labor force than i currently anticipate. the march labor market report is an indicator whether it will be weak. >> reporter: and whether the slowdown on the west coast ports were the cut for the economic forecast in the first quarter, but maybe they're predicting a rebound in the second quarter. >> i don't think the economy is that fragile. we should not overreact to one missed unemployment report. this is an estimate of the seasonally adjusted change in the magnitude of 140 m

hampton pearson has more on the federal reserve statement, but we begin with steve liesman and the economy's slow start to the year. >> the first quarter's weaker than expected gdp has ignited a debate on wall street and at thee over whether the economy is slowing more seriously or just working through some temporary setbacks. severe winter weather in the east and port shutdowns in the west were the obvious temporary factors. but the negative effects of a stronger dollar and the decline in oil prices also played a role and no one knows how long they will continue to hurt the economy. what we do know is that it was another weak first quarter in a string of them. >> it's kind of a deja disaster the same thing we saw last year. we came into the first release of gdp expecting growth of above 1% and it came in effectively at 0%. i do think that some of this is the normal volatility the numbers and it will -- we will get a bounceback. >> consumer spending nung there with a nearly 2% gain after an even stronger rise in the fourth quarter. while economists believe lower oil prices and more jobs had

frida pinto will be here to discuss the answer to that question but first hampton pearson has the cnbc >> the dow losing about five points, the s&p sinking about four and the nasdaq sinking seven points as well. that's it for cnbc, first in business worldwide. over your old 401k. cue the horns... just harness the confidence it took you to win me and call td ameritrade's rollover consultants. they'll help with the hassle by guiding you through the whole process step by step. and they'll even call your old provider. it's easy. even she could do it. whatever, janet. for all the confidence you need td ameritrade. you got this. i love making sunday dinners. but when my back hurt, cooking all day... forget about it. tylenol was ok, but it was 6 pills a day. but aleve is just 2 pills all day. and now, i'm back! aleve. taxi. vo: after years of being treated like she was invisible it occurred to mindy she might actually be invisible. ♪♪ but mindy was actually not invisible. ooh, what are you doing? can you see me? she had just always been treated that way. yeah. you don't have to look at me lik

. >>> i'm hampton pearson with your cnbc market wrap.ocks in the shortened trading week with some gains. dow is up 65 points. s&p up 7. the nasdaq at 6 points. oil prices closed down nearly 2% after iran and world powers agreed on a nuclear deal framework. prices were down as much as 5% after that announcement. and jobless claims unexpectedly fell last week. dropping by 20,000. the 268,000. the government releases the closely watched march jobs report tomorrow. that's it from cnbc, first in business worldwide. most of the products we all buy are transported on container ships. before a truck delivers it to your store, a container ship delivered it to that truck. here in san diego, we're building the first one ever to run on natural gas. ships this big running this clean will be much better for the environment. we're proud to be a part of that. uh, and i know my iq. okay. uh, and i know-uh-i know what blood type i have. oh, wow! uh huh, yeah. i don't know my credit score. you don't know your credit score? --i don't know my credit score. t

. >>> let's go now to hampton pearson with the cnbc market wrap. hey, hampton. >> hey, alex.he major averages. the dow jumping 88 points. the nasdaq netting 21 points. that's it from cnbc, first in business worldwide. ♪ building aircraft, the likes of which the world has never seen. this is what we do. ♪ that's the value of performance. northrop grumman. so if you have a flat tire dead battery need a tow or lock your keys in the car, geico's emergency roadside assistance is there 24/7. oh dear, i got a flat tire. hmmm. uh... yeah, can you find a take where it's a bit more dramatic on that last line, yeah? yeah i got it right here. someone help me!!! i have a flat tire!!! well it's good... good for me. what do you think? geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> when we think about contributors to climate change, we usually think of power plants or oil rigs or suvs. but one of the biggest drivers of our warming planet is the food we produce. more than a third of all the food raised or grown worldwide is never eaten. in america, that fi

. >>> i'm hampton pearson with your cnbc market wrap. end with modest losses a die before the start of earnings season. the dow triple digit gain evaporates. the s&p falls four the nasdaq finishes down by seven points. fedex shares rose nearly 3% today. it is buying europe's tnt express pending approval. job openings rose that was slightly above expectations. that's it from cnbc, first in business worldwide. it's so shiny. i know mommy. but it's time to let the new kitchen get some sleep. if you want to choose wisely choose angie's list. with in-depth reviews, an exclusive scoring system and real people standing by to help, you can get a finished project that you'll love. pretty. call, click or download the app for free today. before larry instantly transferred money from his bank of america savings account to his merrill edge retirement account. before he opened his first hot chocolate stand calling winter an "underserved season". and before he quit his friend's leaf-raking business for "not offering a 401k." larry knew the importance o

and first, hampton pearson with the cnbc. >> there was news about parent company comcast by david favorits plans merger with time warner. as soon as tomorrow, back to the markets heading into tomorrow. dow jumping by 20 points. s&p up by 5. the nasdaq closing at an all-time high up by 20 points. that's it from cnbc first in business worldwide. at if that thing is a few hundred thousand doses of flu vaccine. that need to be kept at 41 degrees. while being shipped to a country where it's 90 degrees. in the shade. sound hard? yeah. does that mean people in laos shouldn't get their vaccine? we didn't think so. from figuring it out to getting it done, we're here to help. ♪ turn around ♪ ♪ every now and then i get a little bit hungry ♪ ♪ and there's nothing good around ♪ ♪ turn around, barry ♪ ♪ i finally found the right snack ♪ [ female announcer ] fiber one. ♪ ♪ ♪ you're only young once. unless you have a subaru. (announcer) the subaru xv crosstrek. symmetrical all-wheel drive plus 34 mpg. love. it's what makes a subaru a subaru. - electronics don't live forever. but even if they're dead, t

. >>> i'm hampton pearson with your cnbc market wrap. stocks post market gains.he nasdaq adds 36 points. sales rose 7% in its most recent quarter. amazon.com surging 14% today. and microsoft jumping 10% after its quarterly report which was out after the bell on thursday as well. that's it from cnbc, first in business worldwide. why are we so committed to keeping you connected? why combine performance with a conscience? why innovate for a future without accidents? why do any of it? why do all of it? because if it matters to you it's everything to us. the xc60 crossover. from volvo. lease the well equiped volvo xc60 today. visit your local volvo showroom for details. >>who... is this?! >>hi, i am heinz new mustard. hi na na na na >>she's just jealous because you have better taste. whatever. >>hey. keep your chin up. for years, heinz ketchup has been with the wrong mustard. well, not anymore. introducing heinz new better tasting yellow mustard. mmm! that your kids get used to sweaty odors in their room. they think it smells fine, but you smell this... eliminate all

. >>> i'm hampton pearson with your cnbc market wrap.higher on another big earnings day. the dow climbs 88. the s&p adds 10. the nasdaq rises by 21 points. >>> e-bay shares are soaring after hours. the company posted an earnings report that beat estimates by seven cents a share. revenue was also better than expected. >>> facebook is moving in the other direction. earnings came in ahead of target's. revenue was slightly short, however. >>> and google has unveiled a new lower cost wire lesser vis called project 5. that's it from cnbc, first in business worldwide. we come by almost every day to deliver your mail so if you have any packages you want to return you should just give them to us since we're going to be here anyway it's kind of a no brainer >>who... is this?! >>hi, i am heinz new mustard. hi na na na na >>she's just jealous because you have better taste. whatever. >>hey. keep your chin up. for years, heinz ketchup has been with the wrong mustard. well, not anymore. introducing heinz new better tasting yellow mustard. mmm! you owne

first, hampton pearson has the cnbc market wrap. >> hi, alex.ve a short trading week with none on friday for the easter holiday. the dow rising 65 points. the s&p 500 up 7. the nasdaq up almost 7 points as well. that's it from cnbc, first in business worldwide. le... you, my friend, recognize when a trend has reached critical mass. yes, when others focus on one thing you see what's coming next. you see opportunity. that's what a type e* does. and so it begins. with e*trade's investing insights center, you can spot trends before they become trendy. e*trade. opportunity is everywhere. shopping online... ...is as easy as it gets. wouldn't it be great if hiring plumbers carpenters and even piano tuners... were just as simple? thanks to angie's list now it is. start shopping online... ...from a list of top rated providers. visit angieslist.com today. >>> we have chilling new details about andreas lubitz the co-pilot at the controls of germanwings flight 9525, when it crashed into the french alps last week. lubitz was searching the internet in the day

. >>> i'm hampton pearson with your cnbc market wrap. stocks end slightly lower.w falls 6 points. the s&p off by one. the nasdaq sheds three points. a big move for shares of etsy which surged 80%. priced at $16 a share and closed today at $30. the number of americans filing for jobless claims rose likely climbing 12,000 to 294,000. and american express shares are lower after hours following the latest earnings report. that's it from cnbc, first in business worldwide. from the bad?" so we gave people the power of the review. and now angie's list... is revolutionizing local service again. you can easily buy and schedule... ...services from top-rated providers. conveniently stay up to date on progress. and effortlessly turn your photos into finished projects with our angies list app. visit angieslist.com today. so,as my personal financial psychic, i'm sure you know what this meeting is about. yes, a raise. i'm letting you go. i knew that. you see, this is my amerivest managed... balances. no. portfolio. and if doesn't perform well for two consecutive gold. quarters.

now here is hampton pearson with the cnbc market wrap. >> let's take a look at markets heading into tomorrowopping 85 points. the s&p shedding three. the nasdaq actually adding 19 points. that's it from cnbc, first in business worldwide. ortho home defense gives you year long control of all these household bugs - roaches, ants, and spiders. spectracide gives you year long control... of just roaches. their label says so. got more than roaches moving in? get home defense. the label tells the story. ortho bug b gon gives you season-long control of all these types of bugs. spectracide gives you season-long control... of just ants. their label says so. bugged by more than ants? get ortho bug b gon. the label tells the story. here at friskies, cats are in charge of approving every new recipe. because it's cats who know best what cats like to eat. up today, new friskies 7. we're trying seven cat-favorite flavors all in one dish. now for the moment of truth. yep, looks like it's time to share what our cats love with your cats. new friskies 7. for cats. by cats. my name is tony sartorio. i'm a linema

. >>> but first, hampton pearson has the cnbc market wrap. >> let's look at the markets heading intotwo of the major averages closing at all-time highs. the dow adding 21 points. the s&p adding about five to close at a record high. the nasdaq closing again at an all-time high up by 36 points. that's it from cnbc. first in business worldwide. ortho home defense gives you year long control of all these household bugs - roaches, ants, and spiders. spectracide gives you year long control... of just roaches. their label says so. got more than roaches moving in? get home defense. the label tells the story. ortho bug b gon gives you season-long control of all these types of bugs. spectracide gives you season-long control... of just ants. their label says so. bugged by more than ants? get ortho bug b gon. the label tells the story. all these networks keep making different claims. it gets confusing. fastest, strongest the most in-your-face-est. it sounds like some weird multiple choice test. yea, but do i pick a, b, or c. i pick like the best of everything. verizon. i didn't. i picked a. and

let's get right down to hampton pearson at the labor department. hampton? >> 126,000.on-farm payrolls increased by just 126,000 jobs. that's the lowest since december of 2013. the unemployment rate 5.5%. average hourly earnings up slightly 0.3%. as we said this is the lowest gain we've had in jobs since december of 2013 when it was 109,000. obviously way below the consensus which was for 248,000 jobs. we also had some significant downward revisions for january and february. the total downward revisions for the two months 69,000 fewer jobs than previously reported. it might be a knee jerk thing to say weather had to play a role. based on at least the household survey, weather was not a factor. there were 182,000 people with a job but not at work due to weather in the month of march. but however, they're actually still counted as being at work. job gains, just a few. professional and business services, up 40,000. health care, plus 22,000. retail trade, plus 26,000. also across big sectors of the economy we had little gains or even some negatives. mining was down by 11,00

let's get to cnbc's hampton pearson live at the supreme court.y two hours plus of those arguments it looks like the supreme court justices plan to set a very high legal bar before possibly saying yes to the notion of giving same-sex couples a constitutional right to marry. those trying to make that case were challenged by among others justice anthony kennedy at one point saying the definition of marriage between a man and a woman has been with us for millennia. justice stephen breyer "you want people outside the ballot box, nine people in particular to decide this issue. why can't states just wait and see?" from chief justice john roberts "if you prevail, there's more -- there's month more debate. closing debate closes minds. people feel differently if they have a chance to vote on it." now, while that argument was going on there were nonstop demonstrations outside the court on both sides of the issue. the response of those on behalf of supporting marriage equality say it's a question of extending individual liberty to gay marriages just as the c