we'll talk to labor secretary hilda solis. >>> wall street pays off. he tells us what he's cracking down on. my had conversation with ken feinberg. >>> "wall street journal report" begins right now. >>> this is what's making news as we head into a new week on wall street. it looks like the jobs market may final i hely be picking up steam. the government released the unloimt report for the month of april and it was encouraging. employers added 290,000 jobs last month wk the fast eggs growth in jobs in four years. the unemployment rate rose to 9d.9%. that was because more people entered the labor market and were looking for a job. >>> a wild and volatile week in the markets. on thursday the dow jones industrial average set a one-day record falling nearly 1,000 points in the afternoon before rebounding. here's cnbc's bob pisani at the new york stock exchange with the details. >> reporter: thanks, maria. it was certainly an unforgettable week in the markets and unforgettable thursday. i was on the trading desk in midtown manhattan. there was more yelling a

solis, thanks. >> hello everyone, good morning, alow vies my boss would say. senator akaka was sorry he could not make it here, but he asked meo come and give you all an update. thanks tom and everyone else for inviting me here to say a few words about our progress with the whistleblor protection enhancement act. i want to thank you all for organizing this assembly to honor the commitment and the courage of whistleblowerand the need to better protect them. as tom said in his introduction, i worked for senator akaka who is the chairman of the senate federal workforce subcommittee. he has a longer game than that but i will leave that out. senator akaka's longtime advocate of suppoing strengthening the rights and protections for federal wurtzel blowers. he first introduced abe bill to improve the whistleblower act in the year 2000 he and his staff and the staffs of many other offices and many of you have spent i think literally thousands of hours working to get this done ever since. this year, last year actually now, february 2009 senator akaka reintroduced with

. >> and please think secretary solis for her help on this and heard great interest to move this forward. we have talked on a couple of locations and she wants to get to the bottom of this and change things. >> now that will never happen. >> he has been president of united mine workers since 1995 a sixth generation coal miner who has devoted his career to better life for miners. from west virginia technical college 1987 received an honorary doctorate from technology in 1997. then we have mr. geoff harris a third-generation miner working in mines for more than 30 years and currently employed at the harris number one mine in boone county where he works as the roof boulder who pins the underground roof of the mine to keep it safe. next we have mr. addington dead deputy director of the appellation citizens law center. fighting for justice and the coal fields by representing coal miners and the families for black long. also director word the project and he got a lot from the university of kentucky and lastly, than national mining association for regulatory affairs his responsibilities include

solis, thanks. >> hel everyone, good morng, alow vies my boss would say. senator akaka was sorry he could not make it here, but he asked me to come and give you all an update. thanks tom and everyone else for inviting me here to say a few words about our progress with the whistleblower protection enhancement act. i want to thank you all for organizing this assembly to honor the commitment and the courage of whistleblowers and the need to better protect them. as tom said in his introduction, i worked for senator akaka who is the chairman of the senate federal workforcesubcommittee. he has a longer game than that but i will leave that out. senator akaka's longtime advocate of supporting strengthening the rights and protections fo federal wurtzel blowers. he first introduced abe bill to improve the whistleblower act in the year 2000 he and his staff and the staffs of many other offices and many of you have spent i think literally thousands of hours working to get this done ever since. this year, last year actually now, february 2009 senator akaka reintroduced

the brokered dealer giving investment advice or solis lit -- soliciting sale, selling securities that it has packaged to its investors. now, that's the context that the statute does address because your statute -- and i've made some suggestions to narrow it further -- only addresses the soliciting of purchases or sales. and in that context we know what's going on. i think that's not a general duty. it doesn't mean you'll be liable for negligence, and it would only be a willful violation. willful violation means a conscious intent to defraud the investor and receive a gain at the investor's expense. now, picking on it altogether, i think that the standard of fiduciary duty is very much like the standard of 10b5. you are going to be trying to cheat someone. the difference between the two is that while we've been told by everyone that 10b5 is sufficient, 10b5 doesn't reach all contexts. it doesn't preach, for example, the context where there's a -- that's the context that fiduciary duty standard would reach, so there are areas that fiduciary duty standard would reach that nothing else re