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Detailed text transcripts for TV channel - MSNBC - 20111201:19:18:00

we were up 7 or 8% after yesterday s gain of nearly 500 points. it s not too surprising that the market would cool off particularly since tomorrow there is a big jobs report that will come out and tell us how basically the economy fared in terms of job creation in the month of november. one of the reasons the market was up so much yesterday is that an early report on payrolls was favorable, indicating that people in the private sector were out hiring in november. it s a little bit of a watch, wait, see, digest and rest. maybe rinse, repeat and lather again tomorrow. greatly appreciate it. still ahead, two governors are asking the dea to reclassify marijuana. why do they want the change? ryan grim from the huffing ton post will join me to talk about it and a new book said the man

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