Money. Here is a look at what is making news. A disappointing jobs report for the month of july. The economy created 162,000 new jobbing for the month. That was below the expected 183,000. But it fell to 7. 4 as fewer people looked for jobs. Job growth was revised downward was well. Record setting weekend for the marks. Kicking off the month of august with a bank hitting new highs on thursday after comments by the fed earlier in the weekend. The s p 500 closed above 1700 for the first time ever. Those commenting after the open Market Committee wrapped up a twoday meeting and announced it would continue buying bonds and Mortgage Backed securities to help keep Interest Rates low. The fed used the afraid modest growth rather than moderate growth. That was a light and subttle downgrade. The First Reading was released this week and it came in stronger than expected. Expectations had been for an increase of nine tenths of a percent. The biggest drag was government spending. Consumer spending