Jobless News Coming; So Is Snow

Good morning.

As we just reported, the president of Toyota is scheduled to meet with reporters around 7 a.m. ET (9 p.m. in Tokyo) to talk about the safety problems plaguing many of his company's vehicles and to take questions from the news media. We'll report on what he has to say as quickly as possible.

There's going to be some other big news today, including:

— The January employment and unemployment numbers. The Bureau of Labor Statistics will report them at 8:30 a.m. ET. Financial markets have been in a bit of a tailspin in recent days, over concerns about some countries' debts and whether key economies really are recovering from the recession that began in December 2007. So the BLS report will be watched closely.

The Wall Street Journal's Before the Bell report says that "economists polled by MarketWatch are expecting payrolls to grow by a seasonally adjusted 25,000, which would be just the second increase since the recession began 25 months earlier. The unemployment rate is expected to remain steady at 10%."

— The weather. Here in the mid-Atlantic, we're bracing for what's being billed as a major snowstorm. Some places could get about 2 feet of snow from a blizzard that's supposed to get going around mid-morning and last through Saturday.

We'll keep you posted on how things are looking.

A few other stories making headlines:

The Tennessean — "Tea Party Convention Stirs Passion For Politics, Networking".

Politico — "Dems Grouse As Obama Tacks To Center".

Los Angeles Times — "Surrender Of Michael Jackson's Doctor Now In Doubt".

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