cavuto. glad to have you on a busy weekend. let s go first right now to lucas tomlinson traveling with the president in delaware where the president s spending the weekend. what s the latest there? reporter: good morning from a breezy wilmington, delaware, neil. many pundits believe this is not a good week for the biden administration, mainly because of to peck if +announced cuts to oil production which is sending gas prices higher. first, let s look at the job numbers are released yesterday. about 23,000 jobs were added, but while unemployment rate dropped to 3.5%, neil, economists say that s due to a decrease in labor force participation. the news sending markets down, the dow dropping 2.3%, losing 600 points. president biden spoke yesterday in heavierstown, maryland haverstown, maryland. our economy created 263,000 jobs last month. that s 10 million jobs since i ve come into office. that s the fastest job growth at any point of any president in all of american histor
we still have about 2-3 more weeks where you can see activity. obviously, the hurricane season goes towards the end of november, but really the meat is still for a couple weeks left. that said, take a look here in the atlantic basin, this is tropical storm julia that s heading to the west moving pretty quickly. and now that it s here across parts of the swerp caribbean, environmental conditions are really set for its to strengthen. this is headed right towards nicaragua, and we do expect to see this strengthen at least into a category one, maybe a category two hurricane before making landfall somewhere here in nicaragua. one of the things we re watching eventually, sometimes you can see a storm make landfall here and eventually commit up in across parts of the gulf of mexico and restrengthening. that could impact the u.s. we don t expect that. storm is staying par enough to the south that it could exit back out here and not have any impacts mt. u.s., which is really good news. that sai