i m erin burnett. outfront tonight, stocks tank. the dow plunged 274 points today. it s the biggest drop since november. it was a really bad day and the reason was a terrible jobs report. usually using adjectives like this are sometimes a bit much for the markets but it s the way it was today. american employers added a meager 69,000 jobs which is about half the number needed just to keep up with current population growth. it was the weakest month of hiring for the year and the unemployment rate went up to 8.2%. it was a grim day for the president. today we re still fighting our way back from the worst economic crisis since the great depression. the economy s growing again, but it s not growing as fast as we want it to grow. now, according to bianco research, no president has been re-elected in this country with an unemployment rate this high since the great depression. that was when fdr won and at that time unemployment was 13.7%. what s happening? we went to find out.
brenda: okay, i ve got to let to bey have the last word here, he hasn t said that much. he s over in l.a., i don t know what s going on. there s not any oxygen left for crying out loud. when you re competing internationally, germany has a different type of labor union, but health care costs containment and you have to compete on everything. in the manufacturing business, particularly, when you re exporting, you have to have a right to work state. it s been proven. brenda: okay. all right. that high school to be the last word. thanks, guys. you think the health care holy war is over now that the white house is backing down? think again. neil s gang has other costly rules hidden in the health care law. that s at the bottom of the hour, but, first, stocks tank and greeks riot over new budget battle. now, the president is about to roll out his new budget plan. are we about to turn into greece?
not going to be a widespread, it s not going to hit a large area. it s only going to have a small impact. and ed why, talk about they would just like the clouds from this storm. with 101 in san antonio, 104 in dallas, 100-degree heat all the way up to kansas city. we now have a heat warning still in effect from kansas city to the st. louis area, but now advisories from memphis all through much of kentucky, indianapolis is under a heat advisory, too, and even areas around raleigh. so that s where the hot air is. the other story is a lot of heavy rain through the great lakes last night, and that will continue during the day today. we ll take an updated look for the forecast coming up later in the show. back to you. bill, thank you. stocks tank, oil tumbles, and pristine italian sports cars discovered in texas. your first look at the business headlines is straight ahead. coming up, a no-hitter, a big trade, and a wedding. you re watching first look on msnbc.
not going to be a widespread, it s not going to hit a large area. it s only going to have a small impact. and ed why, talk about they would just like the clouds from this storm. with 101 in san antonio, 104 in dallas, 100-degree heat all the way up to kansas city. we now have a heat warning still in effect from kansas city to the st. louis area, but now advisories from memphis all through much of kentucky, indianapolis is under a heat advisory, too, and even areas around raleigh. so that s where the hot air is. the other story is a lot of heavy rain through the great lakes last night, and that will continue during the day today. we ll take an updated look for the forecast coming up later in the show. back to you. bill, thank you. stocks tank, oil tumbles, and pristine italian sports cars discovered in texas. your first look at the business headlines is straight ahead. coming up, a no-hitter, a big trade, and a wedding. you re watching first look on msnbc.