is also down on emerging markets as i would listen closely to what mark mobius has to say, given that he is one of the groups in investing. wehe is worried i would say should listen very closely. >> what do we agree with that he is seeing and you are seeing? isthe reason of my pessimism produced straight forward. whenever monetary policy is tightening, i think the starting point is we have had a five-year credit boom primarily fed by qe, so a lot of money came in, almost four and a half trillion dollars. that has led to massive property bubbles, massive credit booms, and what the fed giveth, the fed take up. >> take us away. that is probably by the end of this year. please stay with us. we are going to get the rest of the gang. b of a merrill lynch. >> x, the race for space in the company helping tourists -- next, the race for space in the company helping tourists. >> a new space race is underway with private enterprise leading the way. richard ranson's virgin galactic is set to make its maiden voyage this year, and a company called zero g is helping tourists prepare for the real thin

mark mobius saying not just yet. >> we have plenty to talk about on the program. we have u.s. jobs. a little bit of tech. conviction in the u.s. we're watching sochi. what else are we watching? >> goldman sachs caught my eye. they said get ready for a day to watch by the european central bank. there is no reason for the european central bank not to go into an easing mode. that is one thing that caught my eyes. let's go to the nice, big map. there you go. it is a reprieve for equity markets. the pace and tone of where we go is dom mayed by the unemployment -- dominated by the unemployment numbers. will growth in the u.s. thump the taper debate and will that mean we have come to an end of the road? let's see what is driving the u.k. numbers and give you a feel for what is going on. those are on the upshot. a bit of a disappointment in terms of one of the key -- let's get into that in terms of the main market movers. you have it down by 2%. this is a depression -- they failed. they have a pill used for a.d.t., attention deficit disorder. some people say i've got that in this news room.

go like a pro. >>> mark mobius here to talk about emerging markets.far back are we going there? only a couple months. there was weakness. we might even call it a rout in the emerging markets. the index has recovered some ground since the big drop mid-january. brazil was a big piece of that puzzle. it's hosting the world cup for soccer, the summer olympics in 2016, brought to you by nbc. could those events pay off in the end? joining us now from rio, squawk master mark mobius from templeton emerging markets group. you're in rio. >> i love brazil. i love the other part of the world as well. >> brazil, that's why you're there. and how should -- how would a normal person play brazil in why would a normal person want to go into brazil and what parts of the economy are most attractive? >> well, first of all, brazil is the largest country in latin america. it's one of the largest countries in the world in terms of population area, in terms of exports, imports, et cetera. you've got to be here. of course you've got to pick where you want to be. of course now

as mark mobius is one of the other stories and david bloom.strengthen to around 10.4 by the end of 2014. that debate about whether o'neill will have an opportunity to buy into emerging markets or mark mobius is correct. there is only one number in town. it is the unemployment numbers. and the weather patterns fall out of the numbers, 180,000 is what we are looking for. the s&p futures indicated at 1.771, up 1/3 of 1%. b debate,hole ec goldmans is saying that the ecb need not delay. they should act in march to make money and volatility in money markets easier. >> thank you. >> coming up, it's u.s. djobs day. we will give you a preview. we will be joined by westpac's senior economist and our markets editor michael mckee. ♪ >> welcome back. you are watching "the pulse." in the united states. economists predict twice as many new jobs added in january from the month before which was december. for more, let's welcome westpa s 's senior economist and michael mckee. let's start with you. there is going to be a weather impact. and you have seasonal adj