Market. Its expected 200,000 people were added to payrolls and the Unemployment Rate will remain unchanged at 7 . The market was eerily quiet yesterday ahead of the jobs numbers. With the dow , nasdaq , s p gold and oil not straying far for the flat line. Alcoa had an earnings miss signaling what could become a rough start to earnings season. And are fortunes turning around for abercrombie and fitch . Hares jumped 15 last night in heavy volume after the retailer raised its outlook. Based on strong sales at the end of the year. Charles moon from trading advantages good to go this morning to talk with us about the jobs number expected today. 200 thousand jobs expected to be added to payrolls. So charles, what do you think here . I expect, you know, you look at the adp as a precursor to the nonfarm and the adp beat was pretty decent so i expect the same. I expect a beat on nonfarm. As far as in relation to the market well see how that really translates. We press lower off the adp news and that forms c minutes. So well see if thats the same type of reaction. Its been a mixed bag as of late. Reaction has been, frankly, bouncing back and forth so well see how the market will react off of the news early on. Well the market was definitely reacting to news from el quoas earnings after the close last night. That stock selling off after an earnings miss. Will that be a predictor of what happens in trading today . It really could be. It wasnt it was a mixed bag as far as earnings went. They missed on the eps by a few cents but they beat on revenue, and its really going to be determined on how their forecast is going to be. I believe its expected around 7 growth. They did warn early on in 2013 that over the next 10 years they see a global slowdown for aluminum demand, but thats changed recently. They still expect that. The short term aluminum demand is going to be there. A lot of its going to be tied in with the chinese economics. If this is a precursor so to speak as far as how the rest of the eps reports are going to come out through the earnings season, we can see a downdraft in the market absolutely. Thank you for that charles. In a sign americans are feeling more confident about the labor market. More americans are quitting their jobs. In october alone 2. 4 Million People resigned. Thats a 15 increase from last year. Analysts closely watch the number of people giving up their jobs because it correlates with how confident they are about their prospects of getting hired. Heres Chuck Coppola with the latest on the debate over unEmployment Benefits. Angie, Senate Negotiators are still in talks to extend expired Employment Benefits for millions of jobless americans. The campaign was put on hold earlier in the week while lawmakers look for ways to pay for the estimated 18 billion it will cost for an extension. Options include spending cuts and tightening requirements for benefit recipients. Democrats have been pushing for a one year extension. Republicans say they would go along with a threemonth renewal, but only if the costs were covered. President obama is in the zone. At a News Conference the president unvieled details of his promse zone project meant to improve the economic status of low income americans. The presdient says its not your typical government handout. And instead cuts the red tape and streamlines federal funding along with combining support from agencies such as the education deparment for job training. The government does not have all the answers, no amount of money can take the place of a loving parent in a childs life, but i did learn that when communities and governments and businesses and not for profits Work Together we can make a difference. Florida senator marco rubio responded saying the president has the wrong focus. I am proposing that we turn over washingtons antipoverty programs and the trillions spent on them over to the states. The first 5 promise zones are san antonio, philadelphia, la, southeastern kentucky and the choctaw nation of oklahoma and will expand to 20 regions in the next 3 years. Consumers are Still Holding back on spending, according to the latest thirdquarter earnings reports. Family dollar shares are sinking after the discount retailer reported weaker firstquarter samestore sales and cut its outlook for 2014. It also lost its chief operating officer, michael bloom, who resigned. Meanwhile bed bath and beyond stock is falling fast on weak earnings and a lowered outlook. Early in the day the stock hit its short sale Circuit Breaker or the point at which there is a ban on shortselling after a stock has dropped a certain amount. Taxing times at the irs. A spokeswoman tells congress the agency is teetering on the brink of collapse. Between budget cuts and years of underfunding the irs needs a major cash infusion. The agency warns its unable to keep up with calls from taxpayersanswering only about 60 compared to 87 a decade ago. Jp morgan is exiting its prepaid card business, saying it is too risky. The bank offered the cards with cash and Treasury Services to companies and governments. Last month hundreds of thousands of cardholders were warned their information may have been hacked. Jp morgan has been trying to simplify operations after regulators found deficiencies in its risk controls. U. S. Banks continue to pump up the profits despite paying billions for breaking laws. Bloomberg news finds 6 firms combined paid more than 18 billion for claims of breaking rules. At the same time however, bank incomes shot up 21 to 74 billion. That amount is only rivaled by 2006 when major banks reaped 84 billion. Banks are making money through the stock market, cost cutting and a declines in bad loans. In her first comments since being confirmed as the next chairman of the federal reserve, janet yellen told Time Magazine that shes hopeful that this year, gdp will reach three percent, that inflation will move back, closer to two percent and that she expects further recovery in the housing sector. Yellen defended the feds Quantitative Easing Program for holding down long term Interest Rates to encourage spending. As housing and stock prices rise, she says it encourages spending and job growth. Yellen described dodd frank banking reforms as a good road map but that further steps may be needed. Overseas. The president of the European Central bank is using Strong Language about stimulating that economy. Mario draghi said at a News Conference yesterday the ecb remains determined to maintain a high degree of monetary accommodation. And, will take further action if required, while keeping Interest Rates low. Draghi points to improvements in the Financial Market as proof the eurozone is recovering from the recession. A flood of new Fleet Airlines are buying more new jets than ever before. Brand new models from boeing and airbus, are now rolling onto the runway. Delta says the latest planes will have bigger seats, and outlets for flyers, as it retires aging planes. Meantime, passenger traffic popped in december, thanks to holiday travelers. Yesterday, American Airlines shares picked up 6 due to last months data. Delta gained 4 . Ford is kicking it up a notch. Shares bounced 2 as the automaker came out with plans hike its dividend by 25 . Its second increase in two years. Ford has an ambitious plan to release 23 redesigned vehicles worldwide, open 3 new plants and add roughly 5,000 jobs this year. Investors have been warned that profits will likely fall due to the investments. Blackberry is clinging to keyboards. Ceo john chen told reporters at the Consumer Electronics show in vegas yesterday, his plan is to keep keyboards in future designs of blackberry smartphones. Chen also plans to lure back corporate and government customers that once made blackberry popular. Blackberry is going as far as to sue the maker of a snapon keypad for the iphone, because of its similarity to blackberry products. The government hopes new mortgage rules will cut down on shady lending practices. The new rules go into effect today. Beginning with qualified mortgages consumers need to prove they can afford to pay back loans. Homebuyers deep in debt or self employed should expect to provide more financial evidence in order to lock down loans. The mortgage rules that go into effect today are designed to fight the excess of the last housing bubble. They are designed to discourage banks from making the kinds of toxic mortgages that we saw several years ago, even though they arent the kinds of mortgages that banks are making today. That was jed kolko of trulia. He believes the new rules will not effect the availability or cost of getting a mortgage. Commodities traders will keep a close watch on a crop report out from the government today. Final Crop Estimates are due out this morning from the department of agriculture. Already, bloomberg reports that corn supply in the u. S. Is at its highest since 1994. However, Jack Scoville of Price Futures Group explains fewer exports and lower feed production is pushing down demand. Its really kind of created this idea of a big over supply, as we go through the year, corn prices have been falling as a result. Were dangerously close to going under four dollars now. Scoville adds the slide in crop prices could eventually be present at the consumer level, but only after production of pork or beef increases. Diamond foods gets a ding. The Snack Company known for its nuts and chips will pay for its role in an accounting scandal. Diamond will pay the sec a 5 Million Dollar fine. The sec is charging top executives at the San Francisco based company with falsifying walnut costs to boost earnings. So far no one is admitting or denying the allegations. Former enron ceo Jeffrey Skilling is on the move. Hes spending the rest of his reduced prison sentence in a minimumsecurity prison in montgomery, alabama. Skilling was convicted in 2006 for his role in enrons collapse. With time off for good behavior, skilling could be out of jail in 2017 after serving just 10 years of his 24year sentence. Beleagured baseball player Alex Rodriguez will likely cover his bases on his next career move following allegations of performance enhancing drug use. A ruling on arods appeal of his 211 game ban is expected soon. Leaving the player to decide whether to accept a suspension or fight on. A court battle could cost an estimated 10 million. Not playing will could be double that amount. Sources tell espn he may go for a reduced ban. College footballs bowl championship series will tranform next season, into a fourteam playoff, followed by a championship game. It may bring about fewer disputes as to which team is really the nations best. And as our cover story explains, its expected to at least double the hundreds of millions of dollars in revenue the old bcs brought in. For those who thought the bcs system was too arbitrary and prone to favor teams with national followings, College Football will impliment a playoff system. Four of nations best teams will pair off. Two in the sugar bowl new years eve. Two more new years day in the rose bowl. The winners to face each other two weeks later. For espn, itll be a monster. Theyll own new years eve and new years day. And two weeks later theyll own it right back. The playoff games will rotate to other venues each year. In 2016, the orange and cotton bowls will host the playoffs. For sponsors and media, the addition of these playoffs will mean more revenuea lot more. Itll go from 15 to 30 million. The return on investment can be substantial. In 2012, allstate paid 17andahalf Million Dollars to sponsor the sugar bowl and bcs championship game. Adweek calculated that the buy generated 28 million in value for allstate. But what about the universities . The five conferences you see on your screen will split 71anda halfpercent of the revenue after expenses. Five smaller conferences will split 27 of the revenue. But some have questions about the distribution of the money. The money will go to the coaches, to the conferences and athletic departments. To the players, nothing, to the english department, nothing. Still to come the side effects of owning a high flying pharma stock in chart talk. Plus. A game of which stock would you rather in traders unplugged and. What prompted the labor market to hit the brakes on layoffs. Thats coming up with bill moller th a deadly disease. I was one of them. Im a nurse and i knew how damaging the disease was to my life. Nothing i tried seemed to work. My brother died. From complications of the exact same preventable disease and i knew i had to do something to get healthy. My disease was obesity and after consulting with my doctor, i received the effective treatment i needed. Obesity is a second leading cause of preventable death in the united states. But its a treatable disease, and theres effective Treatment Options available. Now is time to get help. Please join the Obesity Action Coalition and acknowledge obesity as a disease for acceptance, for access to all effective treatments, including diet and exercise, pharmacotherapy and weightloss surgery for obese adults with at least one obesity related comorbid condition. Visit obesity action dot org and sign an open letter pledging your support and for more information about how to talk to your doctor about your weight and your Treatment Options. Together we can make a choice to end obesity now. A Public Service from the Obesity Action Coalition. Well later this morning were going to get the official report on the number of jobs created last month. Well theres also a new report just out on the number of layoffs in december which happened in fact to be the fewest in 16 years. That report compiled by the Outplacement Firm challenger, gray christmas. Jim pedderson is with that firm. Now thats kind of the opposite of we usually hear in december. Thats correct usually december is one of the highest job cut months of the year. In the past and the past four or five years, since the recession, its been among the lowest lower than the annual average. What accounts for this . Well it could be a couple Things Companies may be deciding to lay off fewer people around the holidays but also since the end the recession every year has been stronger than the last so theyre going into the new year with more confidence and they want to go in with their full work force. Fewer layoffs, but that doesnt mean no layoffs because this week we heard from macys that this month they will be letting go about 2500 people. Retail has been one of the struggling industries still. Its ranked fourth behind financial services, healthcare and industrial goods. So as were standing here at the beginning of 2014 it probably looks pretty good for the overall economy and that might very well be reinforced when we get the bureau of labor statistics numbers out what it a few hours. Definitely layoffs are a good indicator of whats happening down the road six to 12 months down the road. Jim patterson from Challenger Gray and christmas, thanks so much. Thank you very much. Thank you bill coming up. What led shares of one pharma stock to quadruple this week . Find out in chart talk. And. Something special is in the air. As our traders attempt to make money on marijunana. Keep it here. You are in for a treat today. Joining us from the floor of cme group. For traders unplugged Alan Knuckman and james ramelli. Ready to rumble on our show. Good morning guys. Lets start with a new gold standard. Gold had a deficit last year. So what gives with gold . Alan first time in 13 years that gold is actually negative on the season. I liked it last summer, i liked it last fall, i like it even better now. Swiss National Bank lost 10 billion because they didnt hedge their gold position which i think number one is stupid, but thats a sign that usually kind of bottoms get put in when you see those capitulation type news stories where people cant take it any wonder. James right, and you know weve seen that a of couple times over the last year though and yet the price action has continued lower. So im not quite ready to jump in at these levels yet. I think there is some more downside here. You know if i were looking to get long, i definitely would not be doing it unhedged. I would definitely look to collar this off, you know, selling upside calls to buy downside puts while owning the underlying. Great way for me to stay protected if i wanted to get long at these levels. Alan a lot of upside after this big selloff from 1900 angie topic no. 2 retail wrecks. Is sears the new jcp . Which stock would you own . James i wouldnt own either of them. Aland youve got to pick one the question she asked was which one would you pick . James i would be looking to short shield and buy jcp only for the fact that sears has a lot more way to go to the downside here and i think j. C. Penney has kind of put a bottom and might go bankrupt this year but risk vs. Reward that is the best way. Alan short squeeze from 40 up to 65. It was one of the leading short stocks and went all the way to 65 now were back to 40 now. To short here, i think youre hardpressed that yes this was a 25 stock in 2008 or so, but 40 has been a very important support level for the last two years. Thats a level from the risk reward. Dont risk a whole lot maybe 35, but i think theres some value here because so many people are in negative, so many people are short and look even how you saw j. C. Penney have a bit of a come back. You know retail is