julie up in madison. they had two events there and it was really very wonderful. it was like a homecoming. i worked in connecticut years ago as reporter and anchor. we had two massive crowds there. i don t know how you did this. you met us up at a library there on saturday evening with another packed crowd. you must be tired. people were so wonderful. we have so much to talk about, guys. yes, we do. my lord. friday, mark friday was i haven t seen a day quite like friday in washington in some time. of course, jay carney s press conference was one of the most unbelievable presidential press conferences i had seen in 15 years maybe. and then i was out with jack getting him some legos. my alarm goes off. it s the a.p. reporting that they had targeted on friday, of course, that the irs had targeted these conservative
this week, mixed messages on the help of our economy. the dow is shy of the 13,000 mark friday, hitting the highest level since early may and u.s. employers adding 163,000 jobs in july, but despite the stronger jobless rate. the unemployment rate went up to 8.3%. is there a discorrect between main street and wall street. the president of uni strategies. explain to me, michael, how come on a day when we see the national unemployment average tick upward, the markets seem to like that? well, i don t know how much they seem to like that or the combination of the week, rick. i mean, this is a very headlines driven market. a lot like last year, you know, we had comments out of europe, out of mario draghi, first they were received poorly and then somehow overnight, people read them and now they like them. you know, the unemployment,
11,000 mark friday the first time in more than 18 months. is this a sign things are turning around? or is it just a temporary high? all right. stuart varny is here to explain. should we be celebrating? yeah. look, the dow has had a fabulous run in the past year. if you got a 401k, you re up about 70% on the number that s in stocks. here s the truth of it. wall street could care less about anything other than profit. if america s corporations continue to record big time profits, the dow will continue to go up. and right now, corporations are very profitable indeed. where was mayor bloomberg in washington, d.c. saying don t slaughter our cash cow and don t strangle us with too much federal regulation. you know some things have to change, stuart, but how much? who knows? wall street is now bloomberg s backyard and new york city and new york state derive an awful lot of money from wall street and the financial industry in lower manhattan. now, there is a proposal to