viewers remember. 73- 75, another 16 months. this is the longest post-war recession we ve seen. shepard: geri, the recession is over but doesn t mean problems with the economy are over. far from it. far from it. we have seen repossession of homes hit a new high in august. unemployment still a mess. just under 10%. we are seeing like 15 million americans without jobs out there. the trouble continues. it will be more banks going out of business this year. than did last year. lots of troubles ahead. i don t think this economy is out of the woods yet. jobs is a big factor. that s one thing we will be watching. shepard: gerri, live from the newsroom. recession being over is no surprise to wall street. they bid up the stocks 64% since the recession lows last year. the chart shows the selloff in 2008, followed by the recovery in 2009. the stocks surged today to discuss interest rates.
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it s still very real for them. republican party chairman michael steele offered this reaction, there are no poll-tested lines or high profile speeches that can ensure the struggling families will get the jobs they need or pay the bills that are now past due. steele says americans are still waiting for the recovery that has never arrived. the president says it will take time. shep? shepard: mike emanuel live at the white house where today the president reiterated he is keeping all of the options on the table for dealing with iran. the president s comments came the day after the iranian leader mahmoud ahmadinejad demanded the united states recognize his nation is a big power. president ahmadinejad also issued a warning to those who would challenge iran. those who insist on having hostility with us kill the option of having a friendship with us in the future, which is unfortunate, because it s clear that the future belongs to iran. shepard: that interview with associated press
missing over the weekend. members of the sect say it was just a misunderstanding. i don t know. we left the cell phone to and didn t call them. i didn t want to be interrupted. shepard: but according to investigators they left cash and personal documents along with what seemed to be farewell letters referring to the afterlife, going to see jesus and the end of the world. officials described this woman as the cult-like leader of the sect. their words. she s now undergoing a mental evaluation. trace gallagher has more from the west coast news hub tonight. the so-called leader of the group now held for a mental health evaluation. yeah, because, shep, when investigators first began questioning her, she gave them a false name and said she did not have any kids, though her two kids were with her. we know she is a single mother of two and when she was divorced four years ago, she got heavily involved in a
shepard: fox news is america s news headquarters. the president hit the campaign trail tonight in philadelphia. as we count down to the midterm elections. president obama is there to raise money for the u.s. senate hopeful joe sestak. though the president actually backed his opponent during a divisive democratic primary last may. you may recall, sestak ran against long-time republican senator, arlen specter who switched parties for the democrats last year. and sestak won the nomination and now he has president obama s support, as he battles from behind with a tight race with his g.o.p. rival. campaign carl campaign live in philadelphia. the president s support didn t help specter. is the thinking it will help sestak? reporter: sestak is certainly counting on it. and there is the money. he needs it. he would haven t appeared with if president if he didn t think it would help or he needed the help. there is benefit of the president megaphone, amplification and the attention it will b