the report from the labor department today showed that the job market remains stagnant. the fear, though, is that the recession is going to have two waves. >> i would say that this is definitely showing concerns that the market believes there is a larger chance of a double dip recession. >> is this an indicator this is coming? >> this is a concern about it. i wouldn't use it as a predictor that it's coming. it's showing that people are concerned that recession is more likely today than say last month or two months ago. >> now tomorrow, the government unemployment report comes out, so today's dip in the stock market could be anticipation of that. or if tomorrow's report isn't good, we could see another slide. it's all we can say is you have to hold on for the ride. that's what the financial advisor is telling us. saying don't do anything drastic today to response for what happened as always as stocks. you have to hold on and take the long view. in the stock market, there are good days and bad days. today is just one of those bad days. live in redwood city, amy hollyfield,

the report from the labor department today showed that the job market remains stagnant. the fear, though, is that the recession is going to have two waves. >> i would say that this is definitely showing concerns that the market believes there is a larger chance of a double dip recession. >> is this an indicator this is coming? >> this is a concern about it. i wouldn't use it as a predictor that it's coming. it's showing that people are concerned that recession is more likely today than say last month or two months ago. >> now tomorrow, the government unemployment report comes out, so today's dip in the stock market could be anticipation of that. or if tomorrow's report isn't good, we could see another slide. it's all we can say is you have to hold on for the ride. that's what the financial advisor is telling us. saying don't do anything drastic today to response for what happened as always as stocks. you have to hold on and take the long view. in the stock market, there are good days and bad days. today is just one of those bad days. live in redwood city, amy hollyfield,

the news from the labor department was modestly better than expected. employers added 117,000 jobs last month. and the unemployment rate dropped from 9.2% to 9.1%. estimates from may and june were also revised to show that hiring was better than originally thought. government jobs continued to be lost in june-- 37,000 in all. but the majority of those stemmed from the temporary shutdown of minnesota's government. in a speech at washington's navy yard aimed at improving hiring of unemployed veterans, president obama said today's numbers were a good step forward. >> we need to create a self- sustaining cycle where people are spending and companies are hiring and the economy is growing. we know that will take some time. but what i want the american people and our partners around the world to know is this-- we are going to get through this. things will get better. and we're going to get there together. >> brown: after a week of pessimism and anxiety over the economy, americans were left wondering what's next. >> it just doesn't seem like it's getting any be

labor department said the nonfarm payrolls added 117,000 jobs, the biggest monthly increase in three months. that's better than the market forecast of 80,000 jobs. at the same time the unemployment rate came in at 9.1%, which compares with 9.2% in june. market players were focusing on this data as recent indicators suggested that the u.s. economy might be heading for another recession. on the currency market, the dollar briefly rose about 79 yen after release of data but later fell back to the 78 yen lavl. >>> tonight the japanese government panel has updated its guidelines on compensation for people affected by the nuclear accident in fukushima. nearly five months into the disaster, full-scale payments are now likely to begin. the panel of experts finalized what they call interim guidelines at a meeting on friday. it had earlier released a set of rules on compensating evacuees and businesses affected by widespread fears of radiation. the new guidelines broaden the range of such businesses to include cattle farmers in 17 prefectures where rice straw with excessive levels of radioacti

ark cording to the labor department the -- according to the labor department the claims of unemployment fell. the number of people continuing to collect jobless benefits also fell by 60,000 to just under 3.7 million. >>> well, the unemployment situation is clearly the biggest drag on the u.s. economy. so, is there any light at the end of the tunnel? our consumer editor reports on what he found today and hard hit silicone valley. >> reporter: this job fair reflects a series and continuing drag on the economy. but a small downtick in unemployment claims hold the stock market if only for a day out of yesterday's steep nose dive. >> we have done some in the past it has been a strug e. a strug toll get employers to come in. more employers willing to come to a job fair now. so, i see it as a turn around in the economy. >> most job fairs have no lack of applicants they have a lack of jobs. this one is different. jobs available. they are taking applications and some folks are hiring on the spot. >> i see it worked out good for me. i got a job starting first thing tomorrow morning. looking forwa

the labor department keeps statistics on so-called discouraged workers.o want a job but aren't putting in applications because they don't believe there are any jobs available much the department does not count them as unemployed though. as you can see, number rose by 14% in july. second straight monthly increase after falling this year. jim angle is live for us in d.c. jim, it seems like more people are being just simply left out of this job market. >> that's right, harris. the unemployment rate dropped in part because while 117,000 jobs were created, some 200,000 people just quit looking and, therefore, weren't counted. listen. the reason that the unemployment rate dropped is because you had an even greater number of people drop out of the labor force. >> when the unemployment rate drops because of that reason, there is no reason to cheer. that is not consistent with an improving economy. it's consistent with an economy that's stagnating. >> job scarce, more and more people are leaving the labor market. one group that the discouraged workers didn't think

the labor department reports the number of first time jobless claims was down by 1,000 from the week the number has been stuck at or above 400,000 since the start of april. but we'll learn much more about where we are about to go tomorrow, when the labor department releases its monthly report on u.s. employment. sandra smith from the fox business network with us. that's going to be key. >> this is key for the markets right now. shepard, i can't say it enough. i mean, the markets fell more than 500 points today. the markets are going to be hinged on what these numbers are these are the numbers to watch. economists right now are forecasting 85,000 jobs to have been added in the month of july. the unemployment rate is expected to hold steady from june at 9.2%. so we're really looking at that 85,000 jobs. because, guess what, that would be a big improvement from the dismal 18,000 jobs that we saw added in the month of june. the markets are going to be hinged on this. shepard, these numbers still wouldn't be great. economists say we need to see over 200,000 jobs added a month just to move

the labor department says nonfarm payrolls added 117,000 jobs, that's the biggest monthly increase in three months. the market had been expecting 84,000 jobs. unemployment came in at 9.1%. it was 9.2% in june. >>> for more on the job data and outlook for the u.s. economy, we spoke with david wrestler, chief economist at u.s. securities international. >>> the employment is increasing. not at a rapid rate. it is increasing. we view the report as generally constructive. hiring in the automobile and motor vehicle industry, manufacturing hiring, was quite strong in july. well above a normal kind of growth rate in -- in manufacturing jobs. so we think that u.s. manufactures are, are still out there adding employees to increase production. and that's -- that's a good sign. the economy will grow at a little faster rate in the second half it did in the first half. an important part of the reason that we think so is that we're enk encouraged by what we seep out of japan about car parts production and what we see in the u.s. about carassemblies an production. we noted that production in the u.s.

the labor department report that came out yesterday shows veterans at 13.3%.is more than four-points higher than the national unemployment rate. president obama will announce new tax breaks this morning to try to turn the numbers around. it is called the higher the returning heros tax credit. $2400 for employers who hire vets who have been unemployed for just a few months. $9600 to hire a long-term or disabled veteran. he's echoing the calls of many in congress who say veterans have key skills that are needed in the private sector. >> we have investigated billions of dollars in training our young men and women with new skills to protect our nation only to ignore that investment and them when they leave the military. >> reporter: the president will also be announcing a new task force this morning to help veterans transfer the skills they learn in the military into the private sector. we will be covering president obama's announcement live here on the morning news. for now we are live in washington, d.c. alison burns ktvu channel 2 news. >>> time now 6:16. imagi

break the news into the kron 4 news rooms fewer people filed for unemployment the labor department saids lowest level in months. >> other headlines we are falling they are planning on hiring a hundred thousand employees it is called jobs for american they will be a broad of and access group two-thirds of the bank's are charging fees if they do not correct the balance over a short period of time. >> time now 541 a m. dawes and all look out of the san mateo bridge traffic is night and light it is only going to hit 77 degrees in hayward this afternoon. @p@po' Ñoxw 50s and 60s are are temperatures it will take awhile for the fog to burn off we're going to get up into the '70s today this is a look of the fog around the area of. i'll look at the temperatures currently in the area conceive the '50s and '60s with and that cloud cover gave us and i saw a blanket over night this is a difference in temperatures for the past 24 hours. highs this later on this afternoon you can see is 60s through the '80s depending on the area. san francisco only warming up until the low 60s the drizzle will last in

the labor department said 117,000 new jobs were created last month. i have a question for you. so did the economy, hau remark add jobs in the month of july? you said plus 117. >> right. >> the answer is no, it didn't. even though the labor department says 117 thousand jobs were added to the pay roll it's a net negative because the economy adds 125,000 to the economy every month. so that is one of the things affecting wall street as we watched the dow fall again. we saw a dead cat bounce. it went up this morning, it bounced up higher. everything will bounce. that's a trader term. gadget friday, it's called the super hero. it backs up your iphone data. you're saying wait, my iphone sinks refer i time i hook up to the computer. they do everything over the network. this is a backup of your backup. you say to quourz is this worth 75? all your contacts got backed up to this. you losture iphone. is this worth 75 bucks? i think it is. >> i think so. >> there you go. >> a little backup for your back up. we continue to watch the markets all morning long for you

the labor department says 117,000 new jobs were added last month.ropping the unemployment rate a tenth of a percept to 9.1%. but the dow still hasn't figured out which way it likes to -- it likes this report so down 42 points. >>> let's check in with something far more stable, the forecast of one lisa argen. >> i knew you weren't talking about me. >> let's talk about stable. we have a stable atmosphere because of the fog. keeping a lid on everything. we have low clouds to east bay. by 10:00, 11:00, sunshine inland valleys and that will bring us up to little warmer numbers this afternoon in concord and livermore. low 80s for you. some sunshine on tap for oakland at 68. 73 in palo alto. 76 in san jose. do we havewarmer weather in the offing? we do, but not over the weekend. cooler tomorrow and coming up a few degrees on sunday. here comes the warm-up. it looks like the temperatures coming up to near normal by the middle of next week. sue has a look at the friday light traffic. >> light. we have a giants game. the phillies are in town. a big rivalry. y

finding out about the latest veterans unemployment rate when the latest jobs report from the labor departmentmes out in 15 minutes. i'll have that for you in my next update. reporting live alison burns. >>> time now 5:17. the court fight to determine whether former governor arnold schwarzenegger hat the court power. in his last day in office he reduced the prison sentence of esteban neurines from 17 years to 16 years. he was involved in attacks on four men. 22-year-old lewis santos of concord died. the district attorney wanted that case heard in san diego. however a superior court judge decided two lawsuits against schwarzenegger will be heard in sacramento. >>> the center has been a safe place for young people to go after school and on weekends since 2004. however, the marin community foundation canceled its contract with a group that ran the program. they plan to use the space for vocational and small business training in the future. >>> back to school shopping? getting under way as most public schools open in less than a month. retailers say they usually get 16% of their yearly income duri

. >> and on the subject of jobs labor department today reports new claims for jobless benefits fell by a thousand last week to 400,000. that is a lowest in four months. there is a report expected to be disappointing. and firefighters getting control of that series of fires in the east bay along the railroad tracks in the area. fires erupted in eastern contra costa county z the smoke prompted a shelter in place order. and. >> they're in mop up mode out here, now. this house was threatened by the most serious of the fires. and fire crews are still on the scene, making sure no hot spots start up this, is what it looked like behind this home. and there is thick, black smoke burn together rear of the house. we're told the fire kons yumd a barn and a classic car among the things burning there is heavy equipment with big tires and again, some buildings back there, this created a thick black plume of smoke. it could be seen for miles in this area. and residents here say the fire starts soon after a freight train passed by. >> i looked out of the kitchen window. there was a big cloud. and there

tomorrow the labor departments released the most watched jobs report all month. thompson reuters consensus estimates the government will announce tomorrow the unemployment rate will stay at 9.2%. the economy will have added 85,000 job last month. the economy needs to create 200,000 jobs a month. just to keep up with population growth. bret? >> bret: rich, thank you. noticeably grayer president obama is marking his 50th birthday, but amid parties and fundraisers, there is a grim reality facing the president. chief white house correspondent ed henry has details. good evening. >> happy birthday to you, by the way. you don't look grayer. but face it, the president has a lot on his plate. really gyrating, gyrations on wall street. as you saw, the stubbornly high unemployment. new numbers today suggesting just how jarring the debt crisis has become. with dow skidding an wall street now bracing for what could be grim new unemployment figures friday, president obama's team is grasping for answers. >> there is no silver bullet. i not heard one proposed by anyone in washin

official numbers from the labor department on friday.4 million americans are out of work. millions more are settling for part-time work or taking jobs that don't even require the degree that they earned for themselves in college to pay off their debt. with those kinds of numbers, you cannot ignore the need for job creation in our country. the president just spoke about it a short time ago, and yesterday the president said he'll push congress to take new action to create jobs, but a man who may understand how to do that more than just about anyone else dylan ratigan -- more than anyone else understands this. i don't want to say you know more than the president, but listen, people are looking for solutions at this point, and a lot of folks believe he's got it wrong, dylan. >> at end of the day, before we get into, you understand i have no idea more than anybody else other than to assert there is a -- there is a system of problem-solving, a value system that exists in this world that solves these types of problems by setting long-term goals

the labor department says the rate climbed .2 of a per sent in july to 13%. employers added 4,500 new jobs last month and the state has the second highest jobless rate in the nation behind nevada. here is how the unemployment breaks down across the bay area. marin county has the lowest unemployment rate in the entire state. at 8%. san mateo county is 8.7. san francisco is at 9%. solano county has the highest local unemployment rate at 12.2%. in the tough economic times dozens are graduating from a program in richmond specifically designed to train a green workforce that comes from challenged backgrounds. letter lerlt's nick smith is live at the training center in richmond. nick? >> reporter: good morning. today's ceremony is designed to do two things. recognize accomplishment of graduating class and find jobs for men and women part of a community that has been hart hid by unemployment. the city of richmond provides training for clean and renewable industries and it serves to serve the underserve. many come from low-income households. 30% has a history with th

the labor department shows more people applied for unemployment benefits last week.t looks like a few folks, though, here from oklahoma ringing that bell. we'll have your moneywatch report in a bit. >>> good morning, it's thursday, august 18. i'm grace lee. >> hi, everybody. i'm frank mallicoat. it is 6:30. >> dawn is breaking. this is the second day of a standoff with an armed man in marin county. that suspect remains barricaded in a san rafael hotel. a section of 580 re-opened after being closed for much of the day and all of yesterday. anne makovec is in san rafael where police are doing something they have never done before to keep commuters safe. good morning. >> reporter: good morning. they pulled up a crane and they are holding a large metal plate in front of the man's hotel room at the extended stay hotel and that will prevent bullets from ending up on the freeway. that's how they were able to re- open i-580 last night. there are about 50 officers here on duty now surrounding the hotel, several roads blocked off. and the man remains inside his hotel room with

labor department reported this morning the number of people applying for unemployment benefits fell from the week before. it is also the first dip before the low-important 400,000 mark in four months. >>> rates for fixed mortgages fell to record lows. fannie mae and freddie mac said the average rate for a 30 year loan is 4.32% this week. that's higher than mid november. the 15-year rate, which is popular for refinancing, dropped to 3.5%. >>> president obama is making a pitch in michigan right now for clean energy. he says investing in green technology will create jobs and reduce u.s. dependency on foreign oil. let's listen in. >> we have a lot of americans driving kias and hyunda s. i want folks in korea driving forces and chevies and chrysler's. i'd like to see that. i want to see billions of dollars more product sold around the world stamped with three words. "made in america." >> you are listening live to president obama. he is visiting a plant that makes batteries for electric powered cars in michigan and received stimulus money to overcome the recession. in june michigan's unemploym

we've all seen the labor department's dismal outlook for summer chores.early reports indicate this could be a record-low year for quarters found behind ears. but don't despair, kids. this soft tooth market could work to your advantage if you play it right. to get the price of teeth back up we need to reduce inventory. that's right, kids: stop losing teeth. [laughter] that means no taffy, no caramel apples, and under no circumstances should you let your big sister tie a string to your tooth then tie the other end to the back of her motorcycle and drive off! [audience reacts] it's austerity time! now, before you act on my financial advice, i am obligated to disclose that i invested everything in baby teeth. [laughter] okay. don't worry, some of these are mine. i thought it was a sure thing. i'd just sock them away, let the tooth market rise over time, and once i'm 65, put them all under my pillow and wake up the next morning with $20 million. [laughter] now i am screwed unless my back-up plan works -- planting these baby teeth in my backyard and grow some b

the labor department says that 117,000 jobs were added last month.lysts say the unemployment rate fell partly because some unemployed workers stopped looking for work which means the government no longer counts them as unemployed so very misleading with the unemployment rate dropping but the news is better than expected as economists were forecasting that employers added only 90,000 jobs last month and that the unemployment rate would be stuck at 9.2%. but it's also good to keep in mind the perspective here. at least 125,000 jobs a month are needed just to keep up with population growth so we are not putting a dent in the unemployment rate actually even though it looks like it fell. we'll need more than that. but it's enough it seems right now because we are seeing futures jumping. >> good news. but the markets overseas in europe and the nikkei in japan and the asian markets were down big. are they reacting off 500-point drop or what lies ahead? >> reporter: they are reacting to yesterday. we had that huge plunge that we haven't seen in three years.

according to the labor department, the san fransisco oakland and free mont area shed more than 16,000 jobs in june. silicon job, 6200. for folks on the street, the sense of economic uncertainty is palatable. >> it's tough out there. >> reporter: the afterwork crowd in the financial district sums it up. >> it's pretty bad, actually. >> reporter: news that bay area unemployment rate is going up only adds to the general sense of unease. [ bell ringing ]. >> reporter: overtall american workers are guarding their assets as the u.s. teatered on the verge of default people changed their 401 ks. 96% of all trades or more than $2 billion worth have been out of stocks and into the safety of government bonds. >> nobody knows what's coming down the pike. we never do. but uncertainty is high right now. too much weakness in the economy. don't know what's going to be happening with the spending cuts now that the debt deal has been reached. >> and if you are looking for work, try a smaller business. app a payroll processing company says companies with fewer than 50 employees are adding the most johns

more bad news on the job front came from the labor department's june tally of early unemployment rates that rose in more than 90% of u.s. cities. on the street today, traders will be looking for signs of improvement from weekly jobless numbers and retail sales reports. earnsings from aig and linkedn are also on deck. some traders in a report said three former fed said the central bank should consider a new round of economic stimulus : to help resurrect some optimism, but the big end driver came from the tech sector with research in motion leading the way after touch-screen new cc1: blackberry smartphones. media companies comcast, the owner of this network, time warner, and cbs also beat the street's earnings estimates. >>> activision blizzard did well thanks to strong earnings driven from the call of duty game. and finally what do bill gates, steve jobs and mark zuckerberg all have this common? they top gq's list of worst dressed men in silicone valley. >>> good-bye to a football hero who became a movie star. hello to a pie in the face. and walk off winners in bean town. >>> plus, a me

he is the commissioner for statistics for the labor -- for the statistics department. lyzes and estimates the central statistical data to the american public, the u.s. congress, other federal agencies, state, and local governments, business and labor. dr. hall served as chief economist for the white house council of economic advisers for two years under president george w. bush and prior to that, he was chief economist to the united states department of labour. he also spent 10 years at the u.s. international trade commission. he received his b.a. degree from the university of virginia and his phd degree in economics from purdue university. we're grateful you are here with us again and we look forward to your testimony. >> thank you. thank you for the opportunity to discuss the employment and unemployment that we released this morning. non-farm payroll employment rose by 117,000 in july. the unemployment rate was 9.1% in july and has shown little defensive movement since april. private sector employment increased by 154,000 over the month. health-care employment rose by

upper 0.9% and china's out 0.4% fewer americans signed up for unemployment in the weekend the labor department said applications dropped by 7000 with many employers pull back on hiring because the idea economy's slowing >> another del developing story wood or a person of interest is in custody for the fatal shooting of a three year-old boy police said underwrote may be arrested when the shooting happened on international boulevard on monday police believed it was gang- related and will trend has been following this story >> before i tell you the latest in what is happening in this case people are stopping by as early as 6:00 a.m. taking in this memorial that continues to grow. his murder has rocked the neighborhood and yesterday there was a sense of relief they need to a rest in the case and what a person of interest and another one that might be related to the a's he was not related to the case at all the continue to investigate this case they're asking the governor's office to will have the highway patrol come down in oakland to patrol the streets to help curb the violence it could be a poss

the labor department says the san francisco oakland and fremont area shed more than 16,000 jobs in junelicon valley lost 6200 jobs. >> it's tough. >> reporter: the after work crowd in the financial district sums it up. >> it's bad. >> reporter: news that unemployment rate is going up only adds to the sense worry. overall american workers are guarding their assets, as the united states was on the verge ever default people changed their 401k's. over the past week 96% of all trade or more than two billion dollars worth have been out of stocks and into the safety of government bonds. >> nobody really knows what is coming down the pike. worry is high right now. they don't know what will happen with the spending cuts, now that the debt deal has been reached. >> try a smaller business, adt said company was fewer than 50 employees are adding the most job. >> another stand off in washington that could cost government more than a billion dollars. congress has left for a summer recess without acting to fund the faa. that means more than a billion dollars in airline ticket taxes are not being colle

the labor department says the rate climbed .2 of a per sent in july to 13%. employers added 4,500 new jobs last month and the state has the second highest jobless rate in the nation behind nevada. here is how the unemployment breaks down across the bay area. marin county has the lowest unemployment rate in the entire state. at 8%. san mateo county is 8.7. san francisco is at 9%. solano county has the highest local unemployment rate at 12.2%. in the tough economic times dozens are graduating from a program in richmond specifically designed to train a green workforce that comes from challenged backgrounds. letter lerlt's nick smith is live at the training center in richmond. nick? >> reporter: good morning. today's ceremony is designed to do two things. recognize accomplishment of graduating class and find jobs for men and women part of a community that has been hart hid by unemployment. the city of richmond provides training for clean and renewable industries and it serves to serve the underserve. many come from low-income households. 30% has a history with th

more bad news on the job front came from the labor department's june tally of early unemployment ratesthe street today, traders will be looking for signs of improvement from weekly jobless numbers and retail sales reports. earnings from kraft and linkedin are also on deck. gold futures are pushed another record high. some traders in a report said three former fed directors said the central bank should consider a new round of economic stimulus to resurrect some optimism. the big driver came from the tech sector with research in motion leading the way after unveiling two new touch screen blackberry smartphones. mastercard got a boost and media companies comcast, the owner of this network, time warner, and cbs also beat the street's earnings estimates. >>> activision blizzard did well due to its call of duty game. facebook will give advertisers more access. finally, what do bill gates, steve jobs, and mark zuckerberg all have in common? they top gq's list of worst dressed men in silicon valley. >>> the resident crisis may be behind us, but the nation's economy is far from healthy. last ni

the labor department releases july's employment numbers. also tomorrow, our "market monitor" guest helps us put the market selloff into perspective. he's adam parker, chief u.s. equity strategist at morgan stanley. with so many pension and money market funds staying in cash, bank of new york mellon plans to charge a fee on big cash deposits. the bank says it's passing along the costs from the sudden and significant shift to cash. the fee is 0.13% on accounts holding more than $50 million in cash. b.n.y. is a custodial bank, meaning it caters to large depositors. it does not deal directly with consumers. >> tom: president obama is urging timothy geithner to stay on the job as u.s. treasury secretary. geithner was said to be considering leaving once the debt debate ended, but the white house wants him to stay on as the economy continues to struggle and the president is facing reelection. geithner has headed the u.s. treasury since 2009 and is the last original member of obama's economic team. >> suzanne: so what's the value of a college educa

good news from the labor department sent stocks higher.pplication for unemployment aid last week fell 7,000, the biggest drop in the past four months. >> probably the most important number we get all week ask the jobs number. there are still 7 million people on benefits but it's at least going in the right direction. >> reporter: the dow hasn't figured out which way it wants to go. its fluctuations have made history. it's the first time ever the dow had four straight 400-point days. >> the roller coaster without the fun involved in it. >> i'm not sure what the market is going to do but europe is our problem. >> reporter: french banks are especially volatile as investors fret about their exposure to the debt of countries like greece and italy. french president from nicolas sarkozy and german chancellor angela merkel plan to meet next week. that helped european markets to finish in positive territory in more than a week. >> europe is our biggest trading partner. what happens in europe matters what happens here especially in banking. >> repor

a new labor department report finds 417,000 people filed for unemployment benefits last week. 5,000 more than the previous week. the spike was inflated by thousands of striking workers at verizon. at least 8500 verizon employees filed for unemployment benefits last week. >>> veterans who are unemployed got a leg up in the south bay today. more than 30 employers set up for a job fair specifically looking for military veterans and their spouses. len ramirez shows us that many didn't waste time applying for the jobs. len. >> reporter: that's right. when the soldiers come home again, they are marching straight into the worst employment situation we have had in this country in decades. but fortunately, companies like this are joining with many others to try to give those veterans a break. they showed up in boots, suits and everything else in between, u.s. military veterans looking for work. >> i got out on the fourth of this month. >> reporter: matt was just discharged from the air force after two deployments in the middle east. he has experience in civil engineering and a positive attitude a

today coming from some good words from the labor department on jobless claims below 400,000 for the first time in four months. it's approaching a territory that indicates job growth. we need to see it further lower but at least it's in the right direction. the key will be stringing this out and turning it into a trend. if we are over 400,000 next week, the market won't be excited. we need more than one report to feel better about the economy. reports out of europe, european regulators might enact a temporary ban on short selling particularly spain and italy. this is something we saw the u.s. and england do three years ago during the height of the financial crisis in regards to financial stocks. there were temporary bans on short selling of financial stocks. short selling is basically an investor borrows a stock, hopes it will fall, and if it does fall before he has to buy it on that contract, he pockets the difference as profits. a lot of critics say at least a lot of speculation and frenzied trading hedge funds of course depend on these kinds of short selling bets. they devise strategies

the commerce department will release trade inventories and the labor department will have the latest on the job market a little later on this morning. randall? >> ashley morrison here in new york, thank you very much. >>> the first three members of the debt reduction super committee have been selected, all democrats. senate majority leader harry reid named senators patty murray, max baucus and john kerry. nine more members are expected to be announced next week, their job is to find $1.5 trillion in spending cuts to reduce the deficits. >>> the results of the wisconsin election are announced. republicans managed to hold on in four of six races. that leaves them in control of the senate. democrats forced the special election after governor scott walker pushed through a disputed labor law earlier this year. >>> just ahead on "the morning news" another american disappears on aruba. >>> plus on the run, the dougherty gang, three fugitive siblings may have been spotted in colorado. fugitive siblings may have been spottpot in colorado. [ female announcer ] we all want cleaner laundry. we a

the labor department releases july's employment numbers. also tomorrow, our "market monitor" guest helps us put the market selloff into perspective. he's adam parker, chief u.s. equity strategist at morgan stanley. with so many pension and money market funds staying in cash, bank of new york mellon plans to charge a fee on big cash deposits. the bank says it's passing along the costs from the sudden and significant shift to cash. the fee is 0.13% on accounts holding more than $50 million in cash. b.n.y. is a custodial bank, meaning it caters to large depositors. it does not deal directly with consumers. >> tom: president obama is urging timothy geithner to stay on the job as u.s. treasury secretary. geithner was said to be considering leaving once the debt debate ended, but the white house wants him to stay on as the economy continues to struggle and the president is facing reelection. geithner has headed the u.s. treasury since 2009 and is the last original member of obama's economic team. >> suzanne: so what's the value of a college educa

states that's unemployment data for the month of july so it's expected that the united states labor department will report seventy five thousand new jobs created in july and that's of course not enough to go ahead and see some kind of recovery in the u.s. economy that means the unemployment rate pretty much stays at nine point two percent if the figures better than that we might see some kind of rebound on the dow jones and on global markets if not. then we'll see another day of. hope we will see the u.s. unemployment report coming out in time for your business bulletin in about twenty minutes or so thanks. president medvedev is urging syria's leader bashar assad to kick start reforms and end the violence in his country before it's too late to reach a movie that was giving an extensive interview to our well as echoed radio and georgian t.v. channel p i k here's a preview of the full version of the interview is coming up in about twenty minutes time. unfortunately the situation in syria has taken a dramatic turn we real politicians should follow developments like gadhafi gave violent orders to

media companies are also among the declining us wall street offered little reaction after the labor department reported to us producer prices again point two percent in july now let's take a look at the closing papers in russia you see equity markets ending in the black ignoring the negative sentiment in europe that's on high oil prices and here is the snapshot of the market movers on the line six most of the blue chips show gains gas chromatograph were two and a half percent crossed telecom closed higher as well investors priced in the announcement the stock has been included into the m.s.c.i. global standard in this has beaten the bank with from earlier losses again over one and a quarter of a percent the bank has reported a thirty five percent net profit growth for the first seven months of the year but that's under russian accounting standards. as well. we have for for you headlines are next out. closer. to. the language of approach. the budget the future flight sajjad to take to the max air show. bringing you the latest in science and technology from around the globe. we've got this huge

media companies are also known for declining this wall street offered little reaction after the labor department reported u.s. producer prices gained twenty two percent in july now let's take a look at the closing figures in russia you see equities markets ending in the black ignoring the negative sentiment in europe that's a high oil price and here is the snapshot of the market movers on my sex most of the blue chips show gains gas chromatograph are two and a half percent cross telecom closed higher as well investors priced in the announcement of the stock has been included into the m.s.c.i. global standard in this has taken bank with earlier losses again over one and a quarter of a percent the bank has reported a thirty five percent net profit growth for the first seven months of the year but that's under russian accounting standards. as well. we have four for you headlights and accept our. plans for. closer. to. my angle of approach. the bump the bunch of lights on. a our team takes to the max air show.

department of labor says 117,000 jobs were added in july. slightly easing the rate down from 9.2 to 9.1% nationwide. and president barack obama used a positive job number to urge congress to do more to

a lot of federal buildings still closing including the agriculture department, the labor department, department of homeland security. in fact, on my way to the capital at 9:00 a.m., which is usually a hectic commute, the streets were wide open, a lot of workers given the option to telecommute. it might be a little while before you can get back in the washington monument or the national cathedral, thomas. >> luke, thank you so much. what does this quake mean for the east in the immediate future? was it just a fluke, a lifetime event, or is this a precursor to something bigger koccoming downe line? peggy, what do you make of what happened yesterday, and i know the east coasters are making a big deal about this because it's not something we are accustomed to. we have the four seasons here on the east coast and the west coast has just great weather and they can expect earthquakes on the west coast. were you as surprised as i was? >> i was as surprised as you were. i don't know about the seismic sensor on the east coast because that's mostly what we have out here and that's what i concern