but i think we have to look ahead to see how meaningful it is. we have the president s approval at 52%, but more striking is the fact that it is up nine points from just a week ago. is that a sustainable swing? well, i m going to go with anne really. these swings are they re easy to measure sort of overnight but very hard to predict the future. and the republicans had that big, big bounce coming out of their own convention and it really is sort of like a sugar high. you see somebody like michelle obama give such an incredible speech about her husband. i think anybody married to michelle obama would have gotten a bounce out of that speech. but this is not the type of thing sustainable if you have the kind of jobs numbers that president obama. we had great headlines friday morning coming out of the convention. by noon friday, all the headlines very, very negative on the jobs picture. it will be tough to sustain it. he ll have to keep pushing to keep them up. preceding the jobs nu
get a picture and put it up next to yours. you ve got it. jamie: kt is all navy, trust me. kelly: i was army. jamie: disappointing jobs picture, raising more fears over our fragile u.s. economy. how wall street took that news and why some are speculating that help could soon be on the way. here is a hint. the fed. [bell ringing] [ rosa ] i m rosa and i quit smoking with chantix.
ecb. mario draghi, the head, throwing out saying if the ecb were to go in and bisovereign bonds, not a violation of treaties. the big question whether they can do some of these thingss or not. expectations thursday we won t hear a lot of details. you guys have been talking about that from the conventions. not getting enough details. the same concern the market has now about not getting enough details for the ecb s plans. could be disappointment if that s the case. the real thing to watch for on thursday and heading into thursday. friday the incredibly important jobs report and both political parties have a lot riding on this, because obviously that jobs picture will play a big role in what happens in the election. this one coming up is going to be very important. people are looking for around 120,000 jobs or so. that s the question mark. chuck? sort of political question here, the new york attorney general subpoenaing a bunch of firms including bain. yep. financial firms they wan
chris, you came on set and said you like what harry reid did. how could you like that? i liked it because i think obama has needed confederates in the field for most of his life in politics. he s always been a soloist. i think that doesn t show strength. people aren t interested in just guy who is gives good speeches. you need a team. you can t be a leader without followers. and harry reid went in and got into the fight. he s forcing this issue again. here we are talking about mitt romney s taxes. what a weird thing to be talking about. were we going to do this for weeks? if a new guy jumps in the field next week and fights him on the other side, same issue again and again? maybe the jobs picture is getting better. you said before about the president s cabinet, you said there s not a political person in there except ray la hood.
adds 163,000 jobs in july. that is more than analysts expected. not enough though to bring the unemployment rate down. in fact it went up to 8.3% last month. so what do these numbers mean to the millions of americans who can not find a job or have simply stopped looking for work? chief washington correspondent james rosen is live in d.c. with a look at that, james. reporter: john and jenna, good morning. economists are calling this the worst recovery in modern times, slower even than followed the great depression. ironically the american economy is bigger than it was when the great recession hit at the end of 2007. we re producing more goods and services but there are about five million fewer jobs than existed five years ago. our population has grown as well. companies learned to squeeze more productivity out of fewer employees. factors which combined to produce a stagnant labor market, meaning no real movement in the jobs picture. what gains were seen were certain largely across the