24 years. welcome. thank you. good morning. good morning. i can t help but notice your t-shirt. what does it say? it says we can t survive on $7.35. that seems to be the mantra right now. are you going to hit the picket lines yourself later today? i was already at mcdonald s, hardy s, a bread company, and a jimmy john s this morning. it s already underway. those were all downtown st. louis. we interviewed you once before, the last time fast food workers, you know, walked off the job. did anything change? apparently there are some changes. i overheard of some nba players buying a large wendy s franchise and bumping everybody s salaries up to $10 an hour. sounds like somebody s listening. what are your bosses saying about this work action? our bosses? uh-huh. i m fortunate enough to have my boss as a friend. bosses above them, the franchisees, they re not saying
what he really thinks is going on. patti ann: well the u.s. economy meanwhile could suffer yet another major blow. looming strikes at ports from next sass to boston are threatening to put thousands of americans out of work. with potential losses for u.s. businesses ranging in the billions. the port of baltimore is one of maryland s largest economic generators. any type of work action that may result in a suspension or stoppage of work would have an adverse effect. we handle more cars, we handle more farm and construction equipment than any other u.s. port. patti ann: we re learning that adverse effect could take a toll on the economy. fox business network s stuart varney has more for us on that this morning. good morning, stu. good morning, patti ann. you re talking about two million tons of cargo a day. you re talking about billions of dollars of commerce every single day. if there is a port strike
no sanctioned work action under way. my advice is until things get straightened out with the operation, if you have a choice, you ought to book another airline. reporter: the question for american is even if it survives bankruptcy, can it survive fighting crews and the damaged customer confidence left behind. jim avila, abc news, washington. this is a nightmare for american. if you re going to book a flight right now, are you going to pick american if all things are equal and flights are similar price? will you take the chance yours is the one that gets canceled? you heard from the gentleman from the wall street journal, but several prominent travel gurus say it s still too early to book kwa from american. that s right. they re only projecting they re going to cancel or delay 2% of their total flights through the end of october because of this dispute. 300 this week though. and if you re on one of those, that might as well be every single flight. you know what i mean?
where are those jobs? let me show you how it breaks down. of the 243,000 jobs that were created, 257,000 jobs were created in the private sector. that s where everybody wants them created. you subtract the jobs that were lost by the government, 14,000, and you end up with that number, 243,000. let s talk about this with diane swonk, a chief economist, and with will cain and my good friend richard quest. what a treat to have all three of you with me in the studio. diane, these numbers are very strong. there s a disconnect between what some of our economic numbers and forks say and what the american consumer has been feeling. the american consumer has been telling us they have been feeling a little more energized about this economy and nothing helps them more than jobs. absolutely. this number is good and i want to underscore any way you cut the data, there s noise in it. you can take away some of the noise. we had people playing golf in chicago in january. that just doesn t
it is the number one hurdle in this economic recovery and everyone knows it. this country has got to get people back to work. welcome to your money. i m ali velshi. the latest jobs report is excellent, period. here s the breakdown. in the month of january, we created 243,000 jobs. take a look at this. from january of last year all the way, we had great job creation for the first few months of last year. then it cratered in the summer. still not a lot of jobs but it cratered and we ve been building back since then. now 243,000 jobs in january. where are those jobs? let me show you how it breaks down. of the 243,000 jobs that were created, 257,000 jobs were created in the private sector. that s where everybody wants them created. you subtract the jobs that were lost by the government, 14,000, and you end up with that number, 243,000. let s talk about this with diane swonk, a chief economist, and with will cain and my good friend, richard. what a treat to have all three of you