i'm maria bart row ma. is it now time to take profits or is this the beginning of a run. a lot of people look at this and they are wondering, oh my god, is a computer going to take over for my doctor. how computers are going to be more like people with microsoft's craig. life, money and patience. why no one ever tolds us that. wall street journal report begins right now. >>> announcer: this is america's number one financial news program. the wall street journal report. now, maria part romo. >> here is a look at what's making news. it is the big number wall street has been waiting for. the sign of the strength or weakness for the economy. they released a jobs number in spite of the fact the market was closed for the holiday. the economy created 120,000 jobs for march, well below the forecast of 200,000. it's the smallest increase since october. unemployment was down to 8.2%, the lowest since january, 2009. that's down from last month's 8.3%, but the rate declined because more americans stopped looking for work. the markets kicked off the holiday on a high note, then fell w

i'm maria bart roma with the new york stock exchange. >> we are seeing red right now. the stocks extending losses after release of the fed's policy meeting. that came at 2:00 eastern time, an hour ago. fading hopes for a qe 3 sent equities to session lows. oil and gold also fell on the news but so did bond prices, which we'll talk about. as for the fed itself, the march meeting minutes did note that a couple of members thought that an additional stimulus would be needed if inflation remains too low for too long. steve liesman will be here to discuss the economic outlook. meanwhile, the fed concerned about the housing market. we're going to focus on another interesting phenomena. we'll show you why some big name investors are swarming into the housing market and scooping up hundreds of homes in one fell swoop with a buying opportunity. maria? >> the market bass down about 40 minutes when the minutes first came out. a decline of a better than 100 points. first, take a look at where we stand as which and proech this final stretch. dow jones industrial average, down 112 po