it. it is hundreds and hundreds of pages. the report s authors say they examined more than 3 1/2 million e-mails. they interviewed more than 400 people. at the end of the day this is a, very damning report for penn state and specifically coach joe paterno. the report cites paterno specifically and it says that he influenced others at the school not to report an incident of alleged abuse. i m going to read from the report now or the preamble to the report. let s bring up a full screen graphic. it says, and i quote, our most saddening and sobering finding is the total disorder regard for the safety and welfare of sandusky s child victims by most senior leaders at enpenn state. most powerful men at penn state failed to take steps for 14 years to protect the children that mr. sandusky victimized. mr. span know, curly and pa schultz, including school
to the 400,000 mark which is really mind-boggling. this might have benefited from fewer than anticipated automobile plant shutdowns and also july 4th holiday. remains to be seen if this is outlyer. that is why it hasn t had much of an impact on the market yet. bill: thank you, charles payne. see you on fb. in this week. you have the big job for varney. reporter: doing the heavy lifting. bill: here is martha. martha: let s look at the filings we ve seen over the last six months because as charles was just pointing out it is the trend line you want to watch overall. most weeks are revised up after the initial report comes out including that last report which went up 2000. the biggest weekly revision we ve seen was back in the month of march. moving that report up by 16,000. you can see that on march the 22nd. when you look at numbers since march of 2011, we ve seen upward revisions on all of these weekly jobless claims 70 out of the 71 weeks. so we want to keep an eye on that
some serious doubt they have the tools to do it. fox business network s charles payne with us. good morning to you. rerter: goodod mooinin llllwhwh are t tyy sayiying abouout ththtrengththff our ony, charles? reporter: very interesting and they came out with the minutes. essentially they acknowledge all the things the market is worried about. banking weakness and weakness in europe. they acknowledge the market would be off even more if feeling central bank including the fed would be accommodative. only half the people saw need for additional stimulus right now. that spooked the market. we had a massive selloff. we got better before the close. it is pretty clear, bill, wall street and the fed aren t on the same page. wall street wants action. fed is saying hey, give it a little bit more time. perhaps they re more bullish than the rest of us are. bill: they lowered their growth forecast and doesn t expect unemployment to fall below 8% until the end of this year. doesn t sou