meanwhile, washington today a buzz regarding a separately and known nsa effort to mine meta data from morehan a hundr million verizon wireless customers and the president today trying to change the subject from the number of scandals engulfing his administration by change his location and his message. president obama hopes he can pivot the media and talking jobs in north carolina beforee heads to california f two more private fund-raisers. hile the president was avoiding the scanda or at least tryingo without success, capitolill was not. two more hearings, one involving attorney general eric holder and the other investigating the plate and tisuse of taxyer dollars by the internal revue service. we begin with the attorney general. holder appearg before the senate appropriations subcommittee wre he acknowledged mistakes have been made. he claimed the justice department will n prosecute reporters for doing their jobs so long as he is the top law enforcement official in the natio
meanwhile, washington today a buzz regarding a separately and known nsa effort to mine meta data from more than a hundred million verizon wireless customers and the president today trying to change the subject from the number of scandals engulfing his administration by change his location and his message. president obama hopes he can pivot the media and talking jobs in north carolina before he heads to california for two more private fund-raisers. while the president was avoiding the scandals or at least trying to without success, capitol hill was not. two more hearings, one involving attorney general eric holder and the other investigating the plate and the misuse of taxpayer dollars by the internal revenue service. we begin with the attorney general. holder appearing before the senate appropriations subcommittee where he acknowledged mistakes have been made. he claimed the justice department will not prosecute reporters for doing their jobs so long as he is the top law enfo
0 our starting point this morning, tropical storm andrea, rain, lots of it, heavy winds and floods. this storm quickly making its way up the east coast. this is a live picture of the churning seas from north carolina. which state will get hit the hardest? we re going to track this storm. first your phone calls and now your internet activity. the controversy surrounding the nsa s spying is growing by the minute, from the political fallout from the president to the public outrage, we cover all the angles. the irs forced to defend spending your money on a parody individu video like his this. hear what the head of the agency had to say about star trek and gilligan s island. the norwegian navy blowing up one of its own ships to test out the new long range stealth missile. turns out norwegians have great aim. it comes from that vikings heritage. i m john berman. it is friday, june 7th p.m. welcome to starting point. tropical storm andrea is the kind of rainmaker the eas
rhetoric happening. we have watched what went on in japan to this week. just to name a few things that have occurred. we really have had a lot of back-and-forth volatility. the dow jones industrials up 165 points. let s take a look. right there, the dow jones industrials, for the week, winning week on wall street. 15,115. almost 100 points to the upside. the other two averages, the nasdaq and the s&p 500. closing at 1630. to the upside there for the s&p and the nasdaq. at 3455. and look at that. of five. cain. that was more of a nail biter. lori: thank you so much. giving us a clue about the fed s next step. the economy adding 175,000. the under employment or the it fixed rate falling to just under 14%. but the unemployment rate ticked up the seven and a half percent in april. so in talk of fed tapering moving to the back burner. let s ask wells fargo senior economist. let me get your take on the jobs report. overall this is show me full improvement or not someone s? i don
this is the first losing week in three for gold. silver a nosedive, falling more than 4%. adam: wal-mart board approved a repurchase plan the first in two years. at the annual meeting all the company s directors were reelected. tesla will move to open a story in china. even despite doubts that the automaker can make a big presence in the country. adam: sony music signed on to apple s forthcoming i-radio service. appeal nows that agreements with all three major music. andrea is making its way up the east coast. tropical storm conditions continue up the eastern seaboard for at evident loo the next 12 hours that is what we re looking at this hour. after the bell starts right now adam: mark is looking for market to move higher and looking for unloved stocks. phillip from the pits of the cme, let s start with you, phil. is this a relief rally or we ll carry this through this week? i think we carry this through this week. some. lows were tested. one dip below 1600. reaction