martin draghi, the program offering new interest rates and a new look at the economy. >>> back in the united states, august auto sales hit an eight-year high on pace for 17.5 million vehicles. gm sales fell by 1%, ford was up by .4%, chrysler rising by 20% and toyota up 6.3%. and to help power those strong auto sales, tumbling gas prices. aaa says the price of gasoline will continue to fall through september by as much as 20 cents a gallon. refineries are producing less winter gasoline. the markets continue to hit new highs. the european central bank has a big surprise, and oh yeah, the jobs report. so does it all add up to a september to remember? joining us right now, mark santoli, who is senior manager of finance. thank you both for being here today. let's talk a little about the jobs report. that was a bit of a shocker, weaker than anybody expected and the first time under 200 in quite a while. is this number for real? >> i think it's for real. people talk about august being a noisy report and it gets modified later on. i think it's modest, if nothing else, and the unemployment ra

draghi's press conference. tie for if he got a new his birthday. we will continue the conversation. "the shifts and shocks," a special conversation with author martinthe lessons we have yet to learn from the financial crisis. he will be joining us after this break. ♪ 14 minutes past the hour. you are watching "the pulse." let's take a quick look at the currency markets. before we head into that ecb rate decision and marriott draghi press conference. on thedle spike earlier generated by some significantly better than anticipated factory orders coming out of germany. flying in the face of the recent data we are seeing out of that economy. 10-year hitting fresh lows. we continue the process of flattening out the european yield curve. we are seeing it across the board from bunds to oat's. the curve continues to flatten. let's talk about what else we're going to see for the rest of the day and where we go from here. is more easing on the way. let's get some insight now. martin wolf, the author of the new book that is out today here in the u.k. got to wait a week if you want to read it in the united states. "the shifts and shocks, what we've still to lea