You know why god created weatherman . To make economists look good. The number has been revised down. Now we are only expecting 149,000 jobs created during the month. 145,000 in the private sector. Unemployment rate stays unchanged. 6. 6 . We have had some weak numbers. 80 p and i is and services came in week but it is really all about the adp and ism services came in week but it is really all about the numbers. Compare that to last year when we had a lot of pink on the screen and it was a lot warmer. Everyone on wall street is going to start with this number today. They want to know how many people were unable to get to work because of the weather 3009000 the average for a rubber worry. We will find out how much worse was it than that. How much worse was the weather in this month than normal . Was it worse than seasonal adjustments anticipated . Or is there a nonrelated weather hiring underway . And did a lot if you will drop out of the labor force because they lost the unemployment benefit . Ok, so mike, if weather plays a big role here, then will it not reversed when weather warms up . That is what a lot of people are hoping. 1996, a huge january snowstorm. Initially reported at 2001000 jobs lost. 201,000. The following month had a big bounce back. The magnitude remains a big impact on the markets. We could see that again. Speaking of revisions, it has been really significant in recent months. You want to watch that today. In fact, through all of 2013, the average monthly reversion 40,000 higher. We were initially reported the jobs numbers. You can see why people feel bad about the labor market. Look at what the revised numbers are today. Imagine if those had been the initial, how would you feel about hiring now . Very interesting. Revisions are key. What about the 6. 6 Unemployment Rate . Would do absolutely nothing. Yesterday, l dudley, president of the new york fed and is seen as one of the core his view is pretty much with the fed is going to do, he says it is time to drop the threshold, it has come down too far too fast. They will look at more quantitative, broader measures of the labor market. It will probably not look at the february report. All right, mike, i will see you in just a few moments. Back to international news, president barack obama leaders united against russian president Vladimir Putin in an attempt to pressure the country to ease those sanctions in the ukraine. For more on the ukraine crisis, i want to go to Bloomberg NewsRyan Chilcote. U. S. Halted trade and visa talks. What are these next steps if those fail . I think the next step is financial sanctions if those fail. Theifically going after assets of president putins associates. It is worth or memory that all the United States has done thus visas for some russian officials and pull other visas that have been deemed having been responsible or involved in russias intervention in ukraine. You just heard from the German Foreign minister and he said for eusthes next step the afterhat would be going foreign assets. Angela merkel, the german chancellor, has said there could be sanctions, but and this is an important but that would be only after president hu to do something more, if im affordable, russia were to declare crimea as part of its territorial integrity. Secretary lou already has the power to go after these foreign assets. He also has the power from president obama to ban americans from doing business with russian embassies, but this is something that he would only want to do in concert with the European Union and the european leaving and obviously is not that point right yet. Remember, there are 28 countries in the European Union. They have to make decisions by consensus, so i could take some time. What about the Crimean Parliament, voted to secede from the ukraine and join russia . Is that a done deal, ryan . Done deal. T a with the Crimean Parliament has done is we want to secede from the ukraine and join russia, and we want to hold a public referendum in the region on the 16th. They were already going to have this referendum they just moved it up by a couple of weeks. If the people of rye me a decide they want to secede, that it would be up to russia of crimea decide to secede, that would be up to russia. For a country to ask to be youxed by russia clearly have the Ukrainian Government here, you have the u. S. Government, and all of western europe saying that would be illegitimate, a responsible, illegal. I think russia would think twice before doing that. The Russian Parliament is changing the laws to allow russia to accept crimea should crimea ask them to be accepted as part of russia. Ryan, thank you so much, Ryan Chilcote in kiev. Moving and shaking this hour california senator dorian citizen dorian nakamoto. Public profile stating he created thbitcoin. He said he was no longer involved in it had been turned over to other people. Within hours, a heard of photographers showed about as home and there was a multicar chase as nakamoto fled to an Associated Press bureau. He said it was the first time he ever heard of bitcoin was last month. We will have to figure that one out. Blackberry Ceo John Chen has surprised many by cutting costs and fueling the recent surge in the sport in the smartphone makers stock. Chen spoke with senior west coast correspondent Jon Erlichman at a tech event in l. A. Yesterday and john begin 10 about by asking chen about changing his. I never got a thought about changing names. Something you have given a lot of thought is your future devices and you talked recently thet the cable device for keyboard enthusiast, which is going to be launched later this year. In terms of the timing, is this something you would like to have on the market by september, before september . I would like it to be there yesterday. But i could not get there yesterday because i have to be making sure that the user in a race the user interface is one that has modern technology 9900 user leading the base be very comfortable and familiar with. Two am breaching the worlds. Theyll take a little while. It will probably be toward the end of the year, september, october time frame. I am very much looking forward to that of vice. What are your best known one of your best known users on the plan is president obama. Not to say that he would not use an iphone was a bso to said publicly for security reasons he iphone. Se an anything you would do to sort of , you know, along this process he is president obama had any input and what he would like to see in a q20 . Not in the queue 20, but as customers, ieting have briefed the white house. Part of the plan going forward. We spoke to them as a customer outrage and they were nice enough to share some of their thoughts with me. What are they interested in . I probably should not. That would make National Headlines news. They gave me some thoughts, some of the things that they like and some things they would like us to work on. And i take it all too hard. I want to talk a little bit about this tmobile story. Tmobile unveiled this Trading Program thomas to trade in blackberry, they dont tell you guys that they are doing this. You blasted them in a blog, and they backed down a little bit and tweet this Trading Program, and in recent days, these reports come in at this tradein program was very successful for them. Can you weigh in on that . Yeah. It is a strange situation. First of all, i have not seen the data of what they claim to be successful. I have to be honest. See it would be nice to see what the legal memo that t mobile has, that there are some facts behind, some numbers behind it. I do not know if that is real or not real but i do not see what the fanfare has really generated. But that is me not seeing it. Are onond thing is we the ecosystem together, and t mobile has always complained it went to the congress and saying are suffocating us, give us space to survive. I wish in my case, i also have the big two riding on my shoulder, and i would have thought it would be a more natural order should to help each other out and to get a better penetration of the market and to have more customers will stop instead, they are intending take some of my effort away, so to speak. I can only say that i would love to see the numbers. I do not see the numbers. Tmobile portugal you are not focused on enterprise, they are not know to be there. Fortunately, my strength is enterprise. So although i do not like it, but it will not hurt that much. Was john chen, blackberry ceo, with our senior west coast correspondent Jon Erlichman. Still ahead, we will have your look at the hiring market with matt ferguson, the ceo of careerbuilder. Com. And stay in the loop as we countdown to the february jobs report. This is week just this week, president obama revealed his budget proposal. It is a roadmap for creating jobs with good rate good wages and expanding opportunity for all americans. And in a time when efforts have been cut in half, it allows us to meet obligations for not leaving a mountain of debt. We look at all those factors. We say it is going to be a pretty positive year. Some bullish forecast from the ceo of choice hotels, Stephen Joyce. He talks about what he sees an quite a rosy picture for the economy but will we see the same positive signs in the monthly jobs report that will be out in just about 15 minutes . As we await that report, i am joined by matt ferguson, the ceo of careerbuilder. Com. He has also coauthored the talent equation. Economics editor mike mckee staying with me throughout the numbers as well. Matt, are you as optimistic as we just heard Stephen Joyce . I do not know that i am just as optimistic about todays report. I am optimistic about the remainder of 2014. I think the weather will have an impact on todays report it will be a good year in general as we go through the year. Isnt going to be a good market for job seekers . Is it going to be a good market for job seekers . We see demographically a lot of people retire at the older end of the spectrum but younger people do not seem to be coming into the labor force. There is a big gap there in the 19yearold 224yearold space. Are they getting the skills youre talking about or are they just unemployable . I think it is a combination of both the things you just said. It is a tough week liver market for younger people it is a tough labor market for younger people. Some are struggling to find those first just to get a chance to show what they can do. We need to be cognizant of how to get them involved in the labor market as we go through the remainder of this year and into 2015. You are right at the other end of the spectrum, there are a lot of people retiring early. The Labor Force Participation rate has dropped to the lowest level in 30, 40 years. I think we have to think about how to engage people at the end of their career to stay on working longer. It is interesting, mike, you talk what the Labor Participation that is partly why we have seen this jobless rate fall. Are we going to get any clearer picture of whether the jobless rate has fallen because of a stronger economy or just because of people dropping out they cannot find jobs . Reallyhis point, nobody knows. A lot of literature would suggest it is mostly demographic but because the numbers will be distorted by the weather this past month, we not have we may not have a real clear picture. As the eurozone, we should get a better idea because as the economy does get stronger, more people should get out looking for work. And would that effectively list the jobless rate . It could because the jobless rate goes up more than a goes down because more people come in looking for jobs. Matt, what are you seeing as far as what areas are seeing biggest job growth and which areas are falling behind here . To see, we continue Information Technology and engineering be very strong. That is not surprising. That has been true for a couple of decades with some small changes in that segment. Health care continues to be strong. Some things we see earlier this year, which is positive, we think a construction and manufacturing show big year overyear gains. We hope that trend will continue and be reflected in the jobs numbers as we go through 2014. What about Small Business versus Big Companies . Bigl, medium size are the job creators. We are speaking with the ceo of a company that essentially helps logistic companies, right, and company like amazon and Walmart Store their inventory. What he was saying is that i am not seeing as much demand coming out from Small Businesses as he is seeing from the big fortune 500 companies. So to him, that is a little but of a warning sign that the economy is still pretty sluggish, that jobs growth is still going to lag here. I think that is right. I would say mediumsize businesses are doing pretty well and hiring quite significantly and i think that is positive. What you see on the small end of the market as a couple things. One, those businesses have struggled more. It had lower access to credit so they have had a harder time hiring. The other thing that is happened is we have created fewer businesses in the last three years than we did in the three years prior to that, and so we just have fewer startups. We hear a lot about the start its in california and other places but when you look across the economy, there have been fewer startups in the last three or four years than in the predict in the preceding three or four years. Which means less job creation. That is a turnaround to see the Small Business play a big part in creating jobs and 2014 and what he 15. We were talking about at the top of the show about how people do not feel about how many jobs were crated last year the best year since 2005. One reason may be we are not making any money at this point. Median incomes are not going up. Are you seeing any increase in the pay being offered for jobs out there yo . Not a lot overall. I think you are seeing some improvement but not a significant improvement. Obviously in engineering and healthtion technology, care in some specialties you see big gains. But we still do not see big increases in wages. I am curious, what are you going to be looking out specifically in the jobs report, mike . The biggest number i want to look at immediately is how many people unable to work because of the weather. That will really tell us a story. Interesting in january, the number was below average, so some people say it may be not entirely a weather story. So we want to see that. You have to look at things like the Labor Force Participation rate and see whether or not there is any sign of anything we can take away from this. All right, we will see. M, thank you so much, economics editor mike mckee will be with me throughout the numbers. Massey ferguson, thank you, ceo of careerbuilder. Coming up matt ferguson, thank you. Not make, if you do enough in salary, you cannot afford to take advantage of a retirement plan. Stick with us. We are moment away from the jobs report next on in the loop. You are watching in the loop , live on Bloomberg Television, streaming on your tablet, your phone, and bloomberg. Com. Good morning. I am betty liu. It is 26 minutes that the hour which means Bloomberg Television is on the markets. We are Just Moments Away from the jobs report. Ready much unchanged right now. The jobless rate is expected to stay at 6. 6 , 100 50,000 jobs expected to have been created last month. We are on the market again in 30 minutes. Yesterday, we reported that mcdonalds has a general 401 k program. When we dug deeper, we find out therimarily benefits corporate staff, not the coax and the cashiers who need to save for retirement. They are the ones who need the 401 k plans. We are joined by dr. Bridget, policyfessor of public and corporate minutes at the Harvard Kennedy school. Is this unusual that this kind of bifurcation, you might say, the 401 k plan where it is available to a varies small number of corporate and and but corporate and executive staff at mcdonalds but not to the rest . Waxman donald is a little bit unusual because a lot of their is aions mcdonalds little bit unusual because a lot of their locations are franchisees, so most Big Companies, microsoft, google, great places like harvard, even retailers like target, all of the employees would be under the door preparing and probably would be eligible for the plan, but you do see it in some companies. Employeest that these ,re employed by the franchisee essentially, is there really an obligation for mcdonalds to make sure that they are heart of some sort of 401 k plan . Know, unfortunately, no, there is no legal obligation for them to do that. If they were part of mcdonalds, the parent corporation, then the company would be required to have a plan that is broadly available to everyone, but due to the way theyre set up, unfortunately no. This is all part of the Way Companies right, the way they are just changing their retirement benefits. They used the pensions, now it easilyk plans, automatic enrollment, and now it is more voluntary, and it is all a way for companies to try to ind the most cost effective, guess they would say, way to offer these kinds of benefits. Yes, absolutely. The move from a traditional pension to a 401 k plan is driven in large part by first the regulatory cost of offering a traditional pension and second, the traditional pension poses a lot of financial risk on companies whereas with a 401 k plan, the participant is bearing all of the risk. It is attractive for companies to transfer that risk, and they wholesale tomost 401 k plans. Are you finding that those plans are becoming less and less generous as a whole in Corporate America . I dont think w