highlighting the economy and job creation. he will attend a groundbreaking ceremony for a plant that will manufacture batteries for chevrolet and ford electric cars. that plant actually got $151 million in stimulus cash. michigan governor jennifer granholm says the project will create 6,000 jobs and the state, by the way, has one of the highest unemployment rates in the nation. it s 13.2%. the president is due to speak at 1:30 p.m. eastern time. we will bring you his remarks on msnbc. the presieunt heads to michigan after getting positive news this morning on the job s front. new claims for unemployment benefits fell sharply last week to the lowest level in two years. it was the second straight weekly decline and the third drop in the past four months. let s take a look at wall street and how the dow is shaping up right now. you can see the dow is down 95 points. the s&p down, as well as the nasdaq and these are a number of factors, not those job numbers, but some critical other number