here to tell us why, editor at thomson reuters digital, chrystia freeland.lain -- you wrote this fascinating article in which you capture this polarization of the job market and this stratification you are at the very top or very bottom there's nothing in between. >> there is a body of economic research which i think shows what we all see happening around us and is that the impact of technological change is to get rid of the jobs in the middle. routine tasks that computers can do, a classic example is a travel agent. that used to be a pretty reasonable white collar job. when is the last time you used a travel agent -- you still do. >> you know what maybe -- we do, because she's wonderful and we're not going to abandon her. but i understand what you are saying. most people go on to a website and make their own reservations. >> and it is happening in manufacturing manufacturing, and in the legal profession. those jobs are being hollowed out in the middle. the jobs that are left are non-routine manual like collecting the garbage, chopping up onions or the non-r

thomson reuters is slightly more optmistic with a ho-hum forecast of 3.2%. but, it's not like corporate america is keeping the bad news a secret from wall street. so far 120 firms have pre- announced q1 earnings and what's most disturbing is that negative pre-announcements outweigh positive one by a ratio of nearly three to one. that's more than average. the profit picture is suffering from tough comparisons and an inability of companies to do more cost-cutting. after all, most got pretty lean post financial crisis. but, earnings expert jharrone martis points to three other reasons for declining profits. >> the first one: slower economic growth in emerging markets, less favorable exchange rates due to the weakness in europe and higher energy, fuel and commodity costs. >> reporter: some market pros say the q1 earnings slowdown is already factored in to stock prices. others think disappointing corporate profits will only trigger a hiccup in the stock market. still market strategist, stephen wood says he has another worry. >> what's more likely to trigger a sel

financial services committee now he's a lobbyist some of his firm's clients include now back thomson reuters trent lott the former senate majority leader lobbying firm clients include citi group goldman sachs g.e. great the on another example would be richard gephardt house majority leader formerly now the firm that he works for clients include boeing goldman sachs g b that so jack aber mark when you have these guys as you kind of started to get into before the break going from washington to lobbying for the financial services sector what exactly does that tie these companies what do they get with that it's the it's the connections. the connections the access but it's also the expertise there are people of immense importance the gentlemen that you put up on the screen are obviously incredibly powerful but there are only three among many that you mention by the way it's not just to get in this sector this is happening in every sector revolving door spin so quickly in washington there's really no way you can go to watch it people don't go right out of the congress and jump right into the lobby