the president right now. brianna, what s the latest reaction? reporter: wolf, it was a similar refrain we heard from president obama. he urged americans to look at the broader trends for jobs and unemployment, and he did give congress a little credit specifically for passing the payroll tax cut extension this winter, but he said congress needs to do much more. reporter: after a disappointing may with unemployment increasing slightly and the economy adding fewer jobs than expected, president obama addressed a crowd in the politically friendly state of minnesota. our businesses have created almost 4.3 million new jobs over the last 27 month, but as we learned in today s jobs report, we re not creating them as fast as we want. reporter: at this honeywell factory that employs 65 veterans, so the military experience can help land them a job in the private sector. he also tried to explain the bad jobs numbers, proving to headwinds and the high gas prices amid concerns over
WBAL Wall Street Journal Rpt May 2, 2010
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in asia, china s shanghai composite closing 1.6% lower on further concerns about further property tightening measures. meanwhile, in europe, positive results in the banking sector lloyd s returning to profit in the first quarter. and in the united states, goldman sachs ceo lloyd blankfein is set to answer tough questions about the bank s possible role in the financial crisis. good morning, good afternoon, good evening wherever you are. i m chloe cho along with ross westgate and nicole lapin. we re looking at a softer picture overall theme, policy uncertainty in china. the shanghai composite is down 2.1%. policy tightening concerns on top of that. reported fund-raising plans by one of the big banks for china construction bank and that weighed on sentiment. the shanghai composite just above 9,200. overall, the rest of the markets, the hang seng under pressure, down 1.5%. north asia was one of the brighter spots, the nikkei managing to close slightly to the top side after