reporter: so, the question is, are the new jobs related to something tangible the president has done, like roll back in regulation, or just a sense of optimism because they have a proponent in the white house as opposed to an adversary? the people out here in coal country from university experts to miners to people in the center of town say it s all about the optimism. melissa. melissa: interesting. mike tobin, thank you. stocks trending down today. you can see there, the dow down about 37 points, as hel companies react to the cuts in medical research president trump has proposed on the budget. dow right now is still above 20,000 at 20,913. fox business lori rothman is live at the new york stock exchange. lori? don t forget markets rallied after the fed rose interest rates yesterday and said we have two more. that was one great hike fewer than what wall street was afraid of so it was a rally yesterday. it s coming in a little bit today.
markets aren t moving a whole lot. let s look under the hood. there is a lot investors are digesting especially with the trump budget. health care stocks are taking it on the chin today. you basically got calls for cuts in funding for research, swell calls for higher regulatory themes among many of the pharmaceutical companies, the biotech companies, medical device companies. basically all of the subgroups within the health care industry. familiar names, johnson and johnson, phizer, merck. real controversial, trump has not held back, the president has not held back, saying they are just getting away with murder what they re charging folks for prescriptions and other treatments. back to you. melissa: he has said that. lori rothman, thank you for economy, let s bring back scott brown former massachusetts senator and a fox news contributor. i m glad you could stick around.
board full-time undergrads borrowed on average $5,000 on that same period. all of them borrowed on average that number about. what does that mean to the economy when we re working with that kind of debt to get an education. fox business lori rothman is working on the story. the numbers are staggering, jenna. americans owe more on students loans than they do on credit cards. the amount on loans as you mentioned one billion dollar mark. outstanding loans here, more than one trillion dollars. we re seeing more americans borrowing money to get advanced college degrees hoping to land a job. americans going back to school to get retrained in fields where there is demand for new workers. all of course against a backdrop of 9.1% unemployment. what is key here is that while outstanding student debt has doubled over the last five years, people actually reduced what they owe on home loans and credit cards. economists warn that trend may lead to another credit bubble in ballooning student
debt. but the good news here, taxpayers and other lenders won t be on the hook for it because congress granted student lenders broad collection powers. in other words this debt can not be forgiven in bankruptcy. the losers here, jenna, are young people taking out these loans. economists say they re becoming so indebted they re delaying big important purchases in life, buying a car, buying a home, getting married, having kids. all of those things threatening the longer term broader economic growth in this country. jenna: very interesting. make one investment but pulls from other investments you re making in your life as well. lori, thank you. sure. jon: there are new concerns over your tax dollars at work. take a look at a truck stop in tennessee. it got nearly half a million dollars in federal stimulus money to build a new system that would allow drivers to plug into outlets to run their truck generators instead of idle didding their engines for hours on end. but now, that truck stop