Transcript for Jobless Claims Creep Up
There is the opening bell for this Thursday march -- hello everyone I'm Stephanie sigh in New York it looks like we're headed for a higher open today even -- jobless claims have ticked up. During -- -- discuss all the business headlines at this hour is Matt pesto co host a break out on our partner Yahoo! finance -- always great to -- you. -- -- partner so let's start out with a weekly jobless claims which came out at about 8:30 this morning numbers came and it 362000. That's -- up. 8000 from last week what's your take on -- should -- be making anything of it. -- Absolutely -- even taking up every Thursday up -- now. Right we're going to be in the trench digging down to me but they yet I tracking down or were at a four -- loved -- take. Mean these things don't fall -- straight line but if -- you know if we see a streak of a few weeks in a row of these weekly claims that they tend to be vulnerable they tend to get revised. But you know we're still in the neighborhood we definitely want to get to the next level -- before becomes. Tradable Vance and that is going to be down in the 325 to 300000 level but we're still. You know for all intents and purposes right in the neighborhood -- about 350. Still near a four year low as well. Of course we've got a monthly jobs report coming out tomorrow and that could be a big deal what are we expecting at this point well. The consensus estimate is for just over 200000 but there -- some estimates they go up to 250000. It's always interesting now -- seven -- -- people -- -- look at the private payrolls only because the government is actually shrinking itself back down again so that private number could -- 275000. Private sector jobs added. What won't change -- economists get it right will be the unemployment rate which is forecast to stay stable at -- point 3% so. You know -- however even. You know do the math to get to that number you want to see that number going down but it's going to. Probably a little more -- call we had a nice. Almost full percentage point decline in that unemployment rate but again the job creation expected to also get a little more choppy. And a little more you know -- shift a little -- OK let's to Europe now we've got a lot going on their first -- Reese. Has until tomorrow morning to finalize its debt reduction plan he's been talking about this throughout the week doesn't look anywhere likely at this point that the proposal is going to pass. It does you know Greece is the word no question about it once again we've been held ignore this story about what we're seeing over there is -- little drip by -- reports in terms of what percentage of bondholders. Are willing to accept this hair -- this second round. Of of a beating if you will on the debt the bonds that they own from Greece. The last figure I saw was up to 60%. Which basically means that if you are -- -- losing. This the -- tough because if the majority. Does vote to swap the bonds then push you get taking all the bombs go whether you want to or not so it looks like it's gonna go throw. -- the European central bank and -- to position the unexpected has left its key interest rate on change -- at a record low 1% what's the implication there. Well it to me it says that they're confident that they're progressing that they don't need to add. Any more stimulus or help the market in any way by lowering borrowing costs are doing other things -- that they at least in their opinion for the short term. Our. You know putting their stock putting their confidence in other programs. That -- issuing the biggest one the thing that really got stocks going recently was that low cost. Borrowing plan that LT RO is what it was known as that they gave to dozens. Of European banks allowed them to borrow money really cheap. For three years. OK switching gears here we have a lot of news about apple of course yesterday the company launched its latest -- -- and today. We're learning I believe this report from the Wall Street Journal that the feds are accusing the company of collusion with five. Publishers are packing up books right how big of a deal is best. Well it's you know you never want to tangle with the Justice Department it's a distraction for what apple really does. I was surprised to see Stephanie looked it up a good day the American publishers association -- -- institution. The that they. Apple will do over a 150 billion dollars this year they're ebooks business while growing fat ass. Is miniscule and inconsequential. To -- it is a distraction but they're being sued all the time -- all kinds accords all over the world. So I wouldn't really. More about it as an apple investor as a consumer. It might be good because you know the probable outcome is just settle which would. Bring the price of books. -- asked for that new iPad -- What everybody really wants to be -- about what does this do for apple in the tablet market and how was Wall Street reacting. What Wall Street likes it -- a couple of grades and mostly positive commentary I just couldn't -- in a personal basis I'd click remorse you know I watch say tune in if you will on the web site to watch Tim Cook who was -- out there and it out so much of the information so much of that. Products advances. And improvements if you -- were leaked in advance that I was like -- man. You know they gotten into the tent and they left feeling -- and -- what. Where is -- anti climactic yeah. That's it so well is open for like an apple TV -- because your writings and by the time that yeah actually spoke we knew a lot of the details are ready right were. Right right and you know PA ED you don't -- to draw parallels to -- delayed Steve Jobs but you know jobs always had had a a rabbit to pull out of the hat so to speak. That said the stock is doing -- it didn't sell off on the news yesterday as -- -- -- frenetic finish more or less flat on the day. And they say -- some upgrades on their today what will this new iPad 24 already dominant position in the tablet marketplace where it has about a 60% market share it will. Probably solidify. It least in the near term they lowered the price. On that the antique iPad that former wide funnel like the one year old wine yeah. It's obsolete. So the prices gone down there what to make -- stiffer but again the 60% market share the remaining 40% there's no competitor that has more than a 5% slice there so apple is dominating and will continue to do so it's a good price with a lot of good features in this edition of the new faster Internet service for G. -- is good from a device standpoint but -- gonna. Pose challenges again for the service providers the AT&T and horizons of the world. Outfits -- -- price I mean that's a pretty expensive tablet and speaking of competition Michael Dell. Revealed yesterday that his company is planning a new tablet to launch in tandem with windows eight is this something that -- shake up the tablet market. Yes you know eventually gets -- windows eight comes out you know this is what it's supposedly the business tablet. Because business is enterprise. Customers if you will still prefer -- use Microsoft because they can use and on. All their systems it -- -- so you know I mean that's a market that's really are on tap for the tablets so far. But you know we're seeing more and more interest. And more more acceptance of our iphones by corporate I T departments. And tablets. Etc. and especially as the price comes down -- we you know you mentioned the textbook thing. That's going to be putting more tablets in the school so that sort of another institutional enterprise market so. Yeah I mean it's you know it's not -- -- and certainly not gonna be the undoing of the iPad and. Saving -- you're watching today Matt. Well I mean -- the number -- -- just watch in the stock market go hire her again the united -- is the word -- interest thing but. You know we we -- -- you know pretty rocky week here but again confidence. Is in this marketplace and frustration I talked about a probably a week or so ago. In that we've had such a good run up we hadn't had. That 1% selloff since late in December so we had it OK we move on we bought the market right back up again there's still a lot of money. That wants to get in and buy stocks that at a lower price that they missed the first time around so that's for giving us some lift here and that of course in this -- -- for the big jobs number coming out tomorrow. All right Matt nasty from our. That next step from our partner Yahoo! finance thanks a lot agri CF terrorists.
This transcript has been automatically generated and may not be 100% accurate.