Course, but tomorrows taking on added significance, not just to wall street but to main street and washington as well. Hiring in may showed its weakest gain in more than five years. The anemic report shocked just about everybody, and it cemented the Federal Reserves decision not to raise Interest Rates. Then came another surprise, the brexit, and tomorrows report will determine whether mays weak showing was an anomaly or the start of a new and worrying trend for what has been one of the strongest parts of the economy, so heres whats expected. Consensus is for nonfarm payrolls to rise 165,000. The Unemployment Rate may tick higher to 4. 8 and average Hourly Earnings are expected to gain. 02 . Two new pieces of data point to a strengthening labor market and could bode well for that report tomorrow. Payroll processor adp released its monthly report showing the creation of 172,000 private sector jobs last month. Part of the gain is due to Small Businesses ramping up hiring. In a separate report, the Labor Department said initial claims for Unemployment Benefits fell 16,000 last week, and that drop puts jobless claims close to a 43year low. So le anthony chan for more on what hes expecting from tomorrows jobs report. He is chief economist with chase. Anthony, good to see you again. Welcome. Great to be here. What are you expecting tomorrow . Im looking for a number thats north of 170,000. As you mentioned, the adp report was very encouraging last month, as you are well aware. That report actually exaggerated the the strength, and missed the forecast by almost 150,000. I dont think that will happen two months in a row. That report was strong again this month. I think will show up in the payroll numbers. So what happened last snunt why was it so low, 38,000 . What went wrong . Well, the adp report sometimes has a little bit of a spotty record. Also had the verizon strike that basically ed about 35,000 workers. They are not counted in payrolls when they are on strike. This month they are back to work so youve got to add another 35,000. Thats another reason to expect more strength. But before we panic, we know the Federal Reserve tells us all you need is about 100,000 or so jobs being created every single month just to absorb the natural growth in the labor force, so any number north of 100,000 is actually good news. You know, anthony, broadening it out a little bit, how important is this report to the Federal Reserve in light of the fact that we have some financial turmoil with the brexit. We also have oil prices that really have been hit hard, especially in todays trading session, and Interest Rates are hitting new lows. Its a very important report, and the reason for that is if you look at the fomc minutes, you can see quite a bit of anxiety on the part of the Federal Reserve officials because of that employment report, so they almost absolutely need to see this number recovering and be above 100,000. My suspicion is it will be a lot stronger than that, and they also need to see wages picking up because Consumer Spending is going to be very robust in the second quarter, and they want to know that that sort of robust pace of Consumer Spending, thats twothirds of the economy, that it continues well into the second half given the brexit concerns. Everybody knows its going to be a hit to United Kingdom growth, a hit to eurozone growth and less of a hit to the u. S. , but nonetheless it will be a hit, so we need to see other things working a lot better. So i know this isnt your isnt your forecast, and i hesitate to ask you about something that you dont think is going to happen, but im going to do it nonetheless. What if this number comes in below that 100,000 figure is more in line with the prior month. How worried would you be about the u. S. Economy in that case . Well, in that case i would be very concerned about the economy. We know that if you start to get one number on top of another number that suggests weakness. You have to worry, but, remember. Those initial unemployment claims, when you look at the fourweek moving average during the week that the government takes the survey, were much lower than the private month. Right. Usually consistent with a much stronger number and guess what, even this weeks initial unemployment claims were even lower, and that would suggest that not tomorrows number but even the next months number is actually going to i love this. Man, anthony, you come back any time. That is great. Love enthusiasm on nbr. Love your passion. Anthony chan with chase. Love that, whoa on wall street stocks weighed down by a drop in crude prices finished mixed ahead of the junes job report. Not even a deal in the food sector could increase the buying. More on that acquisition in a moment. The Dow Jones Industrial average was off 22 points to 17,895, the nasdaq was up 17, and the s p 500 fell slightly to 20. 997. Oil prices tumbled 5 to about a twomonth low after Government Data showed a smaller than expected weekly decline in crude oil inventory. So now on to thatted into deal we just mentioned. Parisbased danone has agreed to acquire organic foodmaker whitewave for about 10 billion which sent shares ofwhitewave which owns brands lick silk, horizon and earthbound up 18 and as sara eisen reports the Food Industry an increase in merger activity. Reporter another food compan is in the shopping bag. Whitewave which makes horizon milk and earthbound Getting School board up by french yogurt giant danone y. . Well, it doubles donions u. S. Business and gives it access to fast growing brands and growth, something food and Beverage Companies have been starving for. The problem. Consumer tastes have changed. The economy globally is challenging, and innovation in this area has been hard to come by, so Large Companies are either buying small faster growing rivals like danone and whitewave or they are going at it alone, ramping up their innovation machines, hoping to grow by launching new products that match mainlyial tastes. Thats certainly pepsis strategy. A lot of food and Beverage Companies are struggling for growth and are reshaping their portfolios to hit the expectations. Over the last ten years weve reshaped our portfolio already to be consistent with expectations. Reporte pepsis new products have helped, but others have been voraciously buying. Within the last two years alone General Mills scooped up annies and heinz swallowed kraft, combined two Big Companies to gain scale and cut costs. Snyders bought Diamond Foods known for its almonds for nearly 2 billion and pinnacle bat boulder brands which bought smartmaker in november and monday les tried to buy hershey but they rejected the deal but the deal is still on the table. As far as fast growing and organic companies, many are looking at hanes celestial that owns all sorts of healthy brands and the healthy Food Companies are becoming harder and harder to come by in this growing age of food consolidation. For nightly Business Report, im sara eisen. Shares of humana dropped sharply on reports the department of justice plans to meet to discuss humanas deal with aetna. This is according to reports antitrust regulators who have significant concerns over the proposed acquisition. Officials will reportedly meet tomorrow with both insurers to discuss whether the deal will limit Consumer Choices for Medicare Health plans for the elderly. Aetna announced its intention to buy humana about a year ago. Humana shares fell 9. 5 on the trade today. Aetna also lower by almost 4 . And another Health Insurance deal is being questioned. The connecticut attorney general is raising concerns about the proposed anthem cigna take over. George jepson says if the acquisition wins federal approval it could hurt competition in the industry and lead to higher prices for consumers. Cigna is based in connecticut, and according to the hartford current jepsons office is about two weeks away from wrapping up a review of the tieup. On capitol hill the director of the fbi was at the center of a heated hearing today. James comey staunchly defended his decision to not recommend criminal charges against Hillary Clinton for her use of a private email server while she was secretary of state, but that did not satisfy some lawmakers. Hampton pearson watched it all. Nothing but the truth. Reporter it was a marathon on capitol hill for fbi director james comey. Defending the decision not to bring criminal charges against Hillary Clinton for her use of a private email server while secretary of state. Again and again comey told lawmakers clintons conduct was careless but not negligent, and theres only been one case in the last century where charges were levied. No reasonable prosecutor would bring this case. No reasonable prosecutor would bring the second case in 100 years focused on gross negligence. Oversight Committee ChairmanJason Chaffetz pushed back asking repeatedly if Hillary Clinton had lied during the investigation . Did Hillary Clinton lie . To the fbi . We have no basis to conclude she lied to the fbi. Did she lie to the public . Thats a question im not qualified to answer. I can speak about what she said to the fbi. Reporter and comey strongly challenged the charge Hillary Clinton got special treatment. I just want the American People to know we really did this the right way. You can disagree with us, but can you not fairly say we did it in any kind of political way. We dont carry water for anybody. Reporter and theres this reaction from the Hillary Clinton campaign. A statement says despite the partisan motivations, they are glad the hearing took place and that director comeys explanations shuts the door on any lingering conspiracy theories. For nightly Business Report, im Hampton Pearson on capitol hill. Miss Clintons Campaign may say the door is shut hon any remaining conspiracy theories, but no one thinks the case is closed. John harwood comes to us from washington tonight. So john, they think that the door is shut on this and the case is closed. Is it . Reporter well, its shut legally. Loretta lynch says she will accept the recommendations of the fbi investigators on this. Now, Jason Chafetz did indicate today that he was going to try to send a referral to the fbi for a perjury case against secretary clinton. Well see whether the department picks up that invitation to investigate that. I suspect they may not, but in any case this political issue is going to stay alive all the way through november because of the strength of the criticisms that james comey had about her carelessness in handling classified information. Lets talk a little bit about the republican reaction to the hearing today and in light of this sort of nonindictment indictment, if you will, of miss clinton. It would seem that republicans and mr. Trump should be able to agree that this is a a fruitful path to run against mrs. Clinton. Did they come together, or was this meeting somewhat fractious . Reporter there were two meetings actually, and his meeting with the house, they did come together. Members were very positive coming out of the meeting. Paul ryan gave a statement saying that were united in our resolve to defeat Hillary Clinton, so Hillary Clinton, theres no question is a binding agent, a Unifying Force for donald trump helping him pull republicans behind him. There have been some complaints though from republicans about mr. Trump. Reporter thats right. And we heard some of those in the senate meeting, so first he goes to the house and has a meeting that was very positive. Our own larry kudlow introduced him at that meeting and said that he felt members were coming together, but in the second meeting in the senate, you saw jeff flake, senator from arizona, colleague of john mccain, the former vietnam prisoner of war stand up and say im the one who wasnt captured. Im the senator who wasnt captured. He and donald trump had a sharp exchan he suggested that jeff flake may be in political trouble for distancing himself from him. Flake reminded him hes not up for reelection this year and theres still some tension points and donald trump has work to do to pull the entire party behind him from leadership level to rank and file. Its going to keep being as interesting as it is has been all along. John, thanks so much. John harwood in washington. Still ahead, just how rampant is age discrimination in techfocused Silicon Valley . Federal investigators now want to know. Eight u. S. Airlines have been tentatively awarded flights to havana. They could start as early as this fall. The Airlines Named by the department of transportation are united, continental, delta, american, jetblue, alaska, frontier, southwest and spirit. These tentative plans are expected to be completed this summer. The move is the next step in restoring diplomatic ties with cuba the. A case of the munchies helps lift results at pepsi, and thats where we begin tonights market focus. Strong demand for the companys frito lay snacks as well as new drinks like propelflavored water helped the company top earnings estimates. As a result, pepsi raised its guidance for the year. Shares of pepsico briefly hit an alltime high of 109 per share before pulling back and ending up nearly 1. Are 5 to 107. 49. Wendys says customers Financial Information was compromised at more than 1,000 franchiseowned restaurants during a malware attack. The fast food chain first report it had earlier this year. The compsa hackers were able to steal card holders names, credit card numbers and expiration dates. Shares of wendys were down eight cents to 9. 55. Samestore sales over at costco topped street estimates. Sales in june remain flat at the giant retailer but that was still better than the 1 is. Are 5 drop that analysts were expecting. Shares of costco rose nearly 5 on the news to 163. 70. June was a good month at the retailer l brand. Samestore sales rose more than expected as the operator of victorias secret and Bath Body Works said results were lifted by the timing of the memorial day and july 4th holiday but despite the beat sales were expected to remain flat or decline into the low single growth zone. Shares fell 1. 5 to 67. 43. Jie paychecks to raise its quarterly dividend, softwaremaker will hike its dividend to 46 cents a share up from 42. In addition, the company will launch a 350 million Share Buyback program. Paychecks down marginally on the trade today to 60. 59. The antivirus technologymaker evast software will buy rival avg technologies for more than a billion. Avast says the merger will allow it to make more personal Security Products and increase its geographical presence. Shares of avg surged more than 30 to 24. 58. And the fda has put a clinical hold on a Juno Therapeutics drug trial, this after some patients died. The news is a big blow to Juno Therapeutics and its use of genetically engineered white blood cells to treat adult leukemia patients. Shares fell more than 25 initially in afterhours trading as you see on that graphic. San francisco is ground zero for the socalled gig economy which is made up of independent workers who can work where they want and when they want, but the big shift thats happening in the nations labor market with the creation of ondemand workers isnt happening in the city that started it all. Josh lipton has our story. Reporter here in San Francisco startups are up ending and redefining entire industries from travel to food delivery and Home Services but Online Platforms are having a big impact on one area, the workforce of San Francisco. Thats the conclusion of a new report from ted egan, the citys chief economist. As of 2014, he found that about 30 of workers in San Francisco were either selfemployed or working less than 35 hours per week. Thats roughly the same number as in 2000. In other words, startups that rely on contractors to deliver food or clean homes havent significantly changed the overall job landscape. Egan says thats because in part many of these startups are still relatively young, but its also because the San Francisco economy is strong. Our Unemployment Rate is less than 3 and jobs are very plentiful here for people who want them so you dont have a situation where people are forced into selfemployment as much as you may have in other places where the economies are not as strong. More recent data corroborate egans conclusions, that Jpmorgan ChaseInstitu