shepard: another great day on wall street. stocks like a rocket this week. today s movement attributed to the bad jobs report, which is rri willis will short that out. first, the report itself. according to the labor department, employers added 75,000 jobs last week. economists expected 185,000. not even half that. the unemployment rate did hold steady at 3.6%. which is the lowest it s been in 50 years. the fox business network s gerri willis reporting live at the knock stock exchange. the bad jobs report makes the market go up. explain me. bat news is good news sometimes on ball street. as you know, shep. if you told me this morning that we would have 75,000 jobs reported the market would be on fire, i d say you re crazy. here they are up 291 points. now traders are saying that the federal reserve will be forced to cut interest rates and some folks saying that will happen as
a number of times, we re now in a world in which the transpacific partnership has been implemented by 11 other countries. which is really going to put america s ag exporters behind the 8 ball as they re now basically locked out. those 11 countries can now trade with each other free of tariffs. those 11 countries have gone ahead without us. ali, once china s buying their soybeans from brazil, they don t need to come back. ambassador kirk, thank you so much. we also should remind our audience and point out the president was the first one today via twitter to say good talks are happening with china. if the president would like to give us some hard evidence he said it. no, no, he said it just before the midterm election. remember, the market wasn t doing enough. he said we re getting close to a deal. you saw the market go up. by 10:00 a.m. that day, suddenly members of his own team i remember larry kudlow is like,
market stiplmulus by reuben and the gang back in the day. does the federal government money collection ability, it is shrinking by the hour, is there a point where wall street doesn t like the debt the country is taking on? not until we see interest rates higher. they still believe the ten-year treasury is low. i wish they sold this big bond hor hoard, but not yet. not until we see the federal reserve doing five or six hikes from now. that s what they live and die by, the federal reserve. will we have an eagles rally on the market? in the day if the nfc won, we would see the market go up. i think you to go to atlanta
much. what a difference a day makes. huge selloff yesterday. not so much this morning. the dow up almost 250. allisison kosik joins us. what was behind the fall? i think it was a bit of a temper tantrum from the market. you re seeing the dow open 243 points higher, this is after seeing a drop in the dow of 540 points over the past two days. i think what you re seeing is investors buying on the dip, nothing more, nothing less. there is a lot making investors nervous and it s getting the attention because we ve only seen the market go up, up and up. investors are focusing on higher interest rates. that s causing a concern. paying attention to companies. the deal yesterday between hathaway and jpmorgan, that made investors nervous when it came to health care companies. what you saw yesterday and the day before, i think not a prolonged trend for the markets at this point. alison kosik, thank you very
launched into voter fraud. the tuesday or wednesday when he gave the joint address and it was considered a very positive speech, you saw the market go up, four days later he wakes up and tweets that the president that president obama wiretapped him. and again, to this point, james comey, coming right after the passing of that bill. so is it fake news or is it the white house that can t seem to get their wins straight? i think we ve seen a lot. the white house struggles to control this message and to steer the president as he can come out and tweet about the wiretapping or whatever passes his fancy as he s watching television. we ve done reporting in the week while he was gone and expecting some changes to the messaging to show up next week or so. we know a lot of staffers are thinking about whether lawyers should vet trump s tweets before he goes on twitter because they may fall into the investigations, change the way the briefing is run. there s understanding that they don t are