stuart varney, fox business network breaks down the numbers. first the news, stuart. in the last three weeks all indicators pointing the economy heading south. job creation cut in half. new home prices down. cash in your pocket, down. rate of growth for the overall economy, down. now we have this private sector report which is extremely disappointing. only 119,000 jobs last month. that cuts the private sector job creation rate almost in half from the month before. it confirms the view the economy is now headed in a weaker direction all over again. bill: so you think we re going backwards then? it looks like it. we had a rate of growth at 3% at the end of last year. all indicators saying that rate of growth is not being maintained. we re weakening. we re heading south. we re going down. bill: why is this private sector number so important? because the private sector is the vast bulk of america s economy. you have to create jobs in the private sector if you want to get the unemploy
running with romney what we call it 6:00 eastern time. bret talkings with paul ryan. which will be another interesting conversation. check it out later tonight. only here on the fox news channel. martha: eight minutes into the trading day let s take a look at the markets to see what is growing on. investors reacting to the new adp jobs report. down 47 points on the dow. that was disappointing number on payroll figure. 13,230 is where the dow is. it was up 65 points on monday. bill: that is really, that s a bummer. thinking 177. you re way off of that. martha: we ll see what the big number is on friday. bill: that s right. a new and scathing attack on eric holder. some republicans charge he disregards the constitution? the justice department now more partisan than ever? what is the basis for this? we ll break that down and see if they have a point today. martha: there is new developments today in the case of a florida a&m university student who died in a horrific hazing
let s solve this. martha: a massive dust devil spotted outside denver, passing over buildings and traffic, posing no real threat. dust devils form when hot air near the earth s surface rising quickly through a small pocket of lower pressure air from higher above. they are shocking and usually harmless. check that out. no damage or injuries reported in that case. they need a dirt devil to pick all that up. bill: they do. have a few of those in the closet, right? martha: so do i. bill: right on. 15 minutes past the hour. to a jaw-dropping report,
arizona sb 1070. administration filed the lawsuit before the law went into force. issues like the cordray appointment. no regard for article ii or section two or three, calling it recess appointment when there was no recess. there was business being done. won t defend defense of marriage act. they dropped that. look at issues like the border, for instance not going after sanctuary cities, at the same time still going after arizona. the list goes on and on. not responding to the inquiry of fast and furious . bill: lamar smith is texas republican. he came out with this report. his words were scathing. i want to take them one by one here. fast and furious. failure to provide documents. yeah, listen they have only provided a few thousand pages of documents. they re requesting 60,000 pages. we have a dead border patrol agent. eric holder remember gave the testimony in may last year and came back in november and sate it wasn t accurate.
position and take away the punch bowl. seems weird, but these three developments together, each in their own black swan development for markets and weighing on a rally that looked bulletproof for a while concerns the today. we ended down about 41 points. but that did represent about a 220 point swing when all was said and done. charles payne on what prompted this loss of money. what is the most agitating investors? maybe the unknown? all of the unknowns. what we knew this morning, the manufacturing renaissance, the trump economy was gaining momentum, with the adp jobs report that was phenomenal. not only crushing the estimates but coming in with job production in areas that we need the most. mining, construction, manufacturing. better paying jobs than those