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Wall Street firms are revising their estimates up for today's jobs data and they ended way off anyway so are we nearing the bottom of the jobs market. Here's what the president said earlier. First came into office army's goal was to stop the freefall that caused our economy to shrink at an alarming right. We've succeeded in achieving that goal is our economy grew last quarter for the first time in the year. But history tells us the job growth always lags behind economic -- Which is why we have to continue to pursue measures that will create. New jobs let's get

that cut is going to be 21%. Which is enormous the most Al Gore the AMA fights that every year and usually gets it -- they're doing for their own reasons they want to get. That

know that the market tends to bottom about nine months before the unemployment rate peaks. And you could look to individual situations back in 1990 the market bottomed at 21 months before the unemployment rate -- If you look at 1953. Was thirteen months before the unemployment rate -- And -- the market was still up substantially. In 1982. Even though unemployment remained above 10%. For a full year so I think investors basically are investing with the eye toward faith. Rather than fund

and it's more just a matter of not happening today when the unemployment data came out. I think over the coming twelve months the market will probably the S&P 500 could be challenging the 1200 level but in the near term. It probably is going to be challenging the 1000 level Bob before hand. I think going forward what's what's happening is that investors are a bit concerned about unemployment we probably will see the unemployment rate of average. Around 10% for all of 2010. And then averaged 9% for all of 2011. But again because the expectation is

is that the other revenues do start to improve even before. The unemployment rate starts to come down but usually after the earnings. Picture has started to improve because with -- earnings to to to variable

I be in the next bad backs by being an -- Home Depot where Amazon.com.

another stimulus which would in fact be the third if you remember President Bush . Pushed float along through -- China pres Obama did those were both just as ineffective as we expected. And if we do

BS sore and -- unemployment rate with an expert who says that he can help you get a job right now. Doctor mark Jefferies author of what's up what's your hand shake and we also bring back Tom Higgins. Chief economist of big -- restless and

month. And then you have the household survey which is where the unemployment rate comes from. And that is somewhere around 50000 or 60000 households that they survey and asked them whether they have a job or not. Now. The establishment survey tends to be a more accurate numbers so that the actual nonfarm payroll number that you hear it more accurate then the yes household survey which is where the unemployment rate is derived. And it also tends to be much less volatile. Then the the employment that you reported from the household survey

we're waiting to see is you do want to see broader based job growth right now. The diffusion index which measures the number of industries hiring there's 271 industries India employment survey and about 30% about 13. Are hiring right now we want to really see that uptick to about 50% before we become more confident that we're generating enough job. To really improve the labor market in a meaningful way and bring down the unemployment rate .

the GDP numbers coming in better than expected. We'll start to -- job growth by early next year and then start to bring down the unemployment rate . By the middle of next year as you start generating enough jobs about to absorb all the new entrants into the work

bear but at the same time. Those people don't want to leave Verizon how much about. A benefit is Verizon going to be from Motorola because people just say you know what I like iPhone but I don't want to lose Verizon and we'll leave it. I'd rather stick in my current carrier order they're stuck in a contract. It's a good point because -- meeting in the end the phone can be great but at the network is boy it's just the people wait. So I think for people who want to stay with Verizon this is a compelling close enough device. With a Motorola tried we've actually have one here that we've been showing clients and the the feedback so far -- pretty favorable. And I think it'll help Motorola gained back some share has gained back some lost their from the three prior years. What what kind of follow through the do you need to save them how to wow. What people are extrapolating this morning it just kind of the crowds at the Verizon stores will will be doing some more work as the rest of the S stores around the country open. And that would try to get a sense of the units. For a vote of four Motorola the -- think is about one and a half million units sport -- and to a devices for the Christmas holiday quarter. And but what's significant is the branding and the big push from Verizon . They're getting a lot of advertising from Verizon to push the product. Mark aside from Motorola. You cover a lot else what else looks good right now that we got

week saying adroit was the best Smartphone that is offered up by Verizon . Second his mightily to the iPhone overall since the best Motorola -- tested. This means success from Motorola joining us now mark

very important step for Motorola considering that it's the flagship device that Verizon will push for the holidays. And it's -- it's that he's still as it tries to come back from its tough couple of years when it lost quite a bit of market share. Can anything really compete against the iPhone is the real competitor here many from Motorola is somebody pointed out the Blackberry from Research in Motion. It's a very competitive market and iPhone has definitely set the Biden look at the units look at

Elisa with Citigroup is doing -- this is by the way company 27 point seven billion dollars in losses a 118 billion dollars in writedowns since the credit crisis began. -- US taxpayers 45 billion dollars. It's basically dismantling. -- sandy Weill era and to -- it really isn't and of an hour at Citigroup what's going on here so let's take you. Through -- spinning off the twelve billion dollar Primerica unit. Guys this -- the door to door out at that beef is sold like insurance mutual

old lane hedge funds that that's -- vision for the future at Citigroup a high end bank. The line was McDonald's thank you very much delighted.