Jobs Report a Challenge for Fed: BlackRock's Rosenberg

The US employment report validates that the economy is "very, very slowly starting to show some effects" of a slowdown, Jeffrey Rosenberg, portfolio manager of BlackRock's Systematic Multi-Strategy Fund, says during an interview on "Bloomberg Surveillance." US payrolls rose more than expected with a gain of 261,000 in October, while the unemployment rate ticked up to 3.7%.