Packed hour ahead. New drama over the memo reportedly showing surveillance abuses against the trump campaign. Both the fbi and a top ranking democrat trying to stop the white house from making it public. Sources are saying we could seeing it by tomorrow morning. The latest on the developing story. Plus President Trump rallying republicans today, one of the greatest years in the history for its party. Well have more on his remarks from the annual gop retreat. Have you checked your paycheck today. David yes i did. I got a big raise. Melissa you may want to look. We all got a raise. Many americans taking home more money as tax reform kicks in. Former Small Business administration hector ba rote toe weighs in on all of this. Also joining us this hour former fbi official terry turchi. We have political analyst Gianno Caldwell and tech expert, lance ulanoff. David im getting phone calls from people and they say it has not been crumbs. Nicole petallides on floor of new york stock exchange. We
bringing in an analyst to get take on things, ken marlin of marlin associates. address the issue of the midday report. what do you think of it? was it on purpose? i have no idea. i certainly saw the announcement pending a quote from larry paige. it certainly suggests that the report was not ready for prime time, but i think we re going to have to wait and see what he says. at the end of the day, doesn t change the fact it was a big miss. what do you think of that? where do you see the problems coming in? you know, such are the trials and try bylations of being a public company which is what google bought when it decided to go public. i ll remind you this is not the first time earnings have disappointed. in january of this year, they disappointed too. there, it was about advertising prices and the revenue they got per click, but meanwhile, they continue to rocket forward, and let s not forget apple was slammed for missing back in july, and they are just fine. the conse
dagen: weekly claims for first-time unemployment benefits rising bikes 46,000. connell: the labor department telling peter barnes it was due to one state, much like last week. dagen: what to make of this and the election? bill orlando is here. tell me, tell us, rather, connell is here tell us how likely it would be for an incumbent president to get elected. no president has won reelection with the rate of unemployment above 7.3%. gerry ford, jimmy carter and bush, the rate of unemployment was above that. the only president that was reelected with the unemployment rate above 6% was reagan. with the number at 7.8% right now, only one jobs report left, that is and alert. connell: how about the trend of the president and the trend of 8%. the trend is moving in the right direction. when you take a step back and look at that improvement from a 10% to 7.8%. it has been a decline known in the labor force participation rate. a lot of people have just given up looking for work. d