cavuto. glad to have you on a busy weekend. let s go first right now to lucas tomlinson traveling with the president in delaware where the president s spending the weekend. what s the latest there? reporter: good morning from a breezy wilmington, delaware, neil. many pundits believe this is not a good week for the biden administration, mainly because of to peck if +announced cuts to oil production which is sending gas prices higher. first, let s look at the job numbers are released yesterday. about 23,000 jobs were added, but while unemployment rate dropped to 3.5%, neil, economists say that s due to a decrease in labor force participation. the news sending markets down, the dow dropping 2.3%, losing 600 points. president biden spoke yesterday in heavierstown, maryland haverstown, maryland. our economy created 263,000 jobs last month. that s 10 million jobs since i ve come into office. that s the fastest job growth at any point of any president in all of american histor
in his son s scandals. sandra: september jobs report just out, which is now raising all sorts of new concerns about the direction of the u.s. economy. hello, welcome, everyone, sandra smith in new york. and trace, great to have you again. great to see you. i m trace gallagher in for john roberts. this is america reports. in a few minutes the president is set to make remarks on the economy at an auto plant in maryland. september jobs report shows a tightening labor market, unemployment unexpectedly falling to 3.5% from 3.7% after 57,000 workers dropped out of the labor force. meantime, 263,000 jobs were added last month, which is down from the 315,000 in august. sandra: and while the white house may be celebrating, the dow is tumbling, down 584 points with just a couple hours left in the trading day. we are watching that for you, still below 30,000, and with gas prices rising for 13 straight days now, and oil surging 14% this week alone, investors are growing more conc
performance on wall street today. a positive jobs report was not enough to overcome worries over rapidly rising crude price prices oil prices. the dow cratered 630. down 700 at one point. the s&p 501 o5. for the week the dow gained 2 percentage points. the s&p 500 was up 1.5. the nasdaq gained three quarters of a point. let s find out what today was all about with the markets. fox business correspondent kelly o grady is in los angeles tonight with the latest. good evening, kelly. good evening to you, bret. after a strong couple of days to start off the fourth quarter earlier this week, stocks are now plummeting and driving that sell off is today s jobs report. at first glance the report is strong 263,000 jobs were added beating an expectation of 250,000. the unemployment rate also came in slightly lower than expected at 3.5%. president biden today touting the economy s performance. just look at today s jobs report. our economy created 263,000 jobs last month. that s 10
including a live report from moscow and the littest from the white house. plus we re digging into the september jobs reports, which shows 263,000 new jobs added last month. matching the lowest level since 1969. so why is the the market selling off? finally, the white house raises the white flag on the war on weed. the president declaring a pardons for thousands convicted on federal charges of marijuana possession. more on the move and what will factor into the midterm races. we start with president biden s warning, one of the most chilling we have heard from anyone in the government on the subject of nuclear war. in biden s words, quote, we have not faced the prospect of armageddon since kennedy. he added putin isn t joke whg he talks about potential use of tactical nuclear weapons or biological or chemical weapons. it s not clear whether biden was referencing any new intelligence in making this prediction, although we re asking that of the white house right now. in fac
hunter biden facing felony charges. the president s son is accused of a scheme to avoid paying at least one point $14 million in taxes. we will break down the latest indictment and how he is responding to it. and we are following the sentencing hearing for the michigan high school shooter. dozens of heartbreaking victim impact statements being read in court, detailing the survivors and their families have been through. and amid threats from donors to pull money, emergency meetings among top officials at now growing calls from lawmakers to resign. the president is not budging, at least so far. we followed these major developing stories and more all coming in here to cnn news central. we begin with president biden s son, hunter, indicted again, and this time he is facing the most serious allegations yet, three felony charges he tax abrasion and fraud. among the nine charges that accuse him of avoiding more than 1 million dollars in taxes. president biden