This is what you see, big recovery. A 200point swing in the largest intraday move on the bluechip average in three weeks. It all started this morning, a weak jobs report which caused a small rally in the free market. Investors believe it added more uncertainty to the timing of the feds decision as to when the slowdown Asset Purchase Program also known as tapering. The weaker the number, mostly tapering sooner. Maybe we will see it later. The Market Action as we head into the closing bell. Traders on the New York Stock Exchange and the nymex, so weird to see the 100 plus point dropped immediately after president putin said that and see the recovery once again the market digesting that information. We spoke about this last week, i think. Syria is trumping everything. Employment numbers are important, but the geopolitical events are clearly at the head of the class for the moment and i think that is describing the trade, and there are still so many unknowns as this is going on, it is just really tough for anybody to figure it out. Up is always better than down, something for everybody today. But the bottom line is those smart people are sitting on the sidelines and will wait for the dust to settle. Liz headlines that would affect the market, but no sustainability, market recovered within an hour. It is macro risk versus macro numbers. They dont sustain 3. 5 gdp numbers, but they really are worthwhile of a 2 number. While the geopolitical risk is outr there, we have the real possibilities the obama request doesnt pass the house later next week. I think investors are right to be off. One last observation, the vix did not respond to well to the equities, so theres a little bit of that left. Liz there it is on the screen, hit earlier a couple days ago. Saying that we will continue our sales to them, our managing editor jumped in and started looking at all of the dow components. Only one at that time was the aluminum company. Five are negative, this does not change anything when it comes to igeolwi]i v that has to be because of the attention in the middle east. The only thing people looking at is syria and what will happen there. We rallied almost 1 on that news as well. We hit two months ago, and if it does not settle in the next week or so, we could see 115 from there. Liz syria is not a member of opec, no Natural Resources to speak of. It is more about iran and irans perception if the u. S. Is tough on things like nkosr f2dwlo3cas or gassing their people. They are playing a highstakes poker game at the moment. I think the ramifications if it spins out of control, it could easily spin out of7d control, as always, unintended consequences. What makes sense on paper, the reality can be entirely different. The oil market is absolutely justified in reacting accordingly. Sometimes you dont see them react, and tells me it is not nearly as bad. Liz we are minutes away from speaking live with the labor secretary of the United States of america. What would be your question to him . We got the job number for the month of august, it did not miss expectations but yesterday firsttime jobless claims at fivemonth lows which were good signs. What should people read into them . The question you want to ask the secretary is if they gains in real wages are sustainable. We saw a decent upticks, that is the component piece that is critical to making sure the u. S. Economy continues on pace. If you continue to see wage gains outpace spending gains and being concurrent with an uptake in savings, that would be very healthy and suggest to us you do have a sustainable u. S. Recovery. Liz up a nickel even though that will not get consumers jumping up, but we will see. Thank you. We want to thank all of our traders, we appreciate you coming on. What has look good today . Utility stocks. As investors search for one thing, yield. Nicole petallides back. Buy stocks that have good evidence . Nicole it is so interesting. People run into that. You look at sector by sector, it has performed really well today, so there is a utilities up 1. 1 . The names within the group, you talk about consolidatedsh ediso, they are doing incredibly well. We talk about the major market averages and what were seeing on wall street, the treasury yield, 2. 93 is how it relates to equity. As it gets closer to closer to the highestld level, you will se people back off of the equitiesj as it comes back down,am. Kty pee get little more confident and get backc in. Utilities group has been a safe haven. Liz well off of the 3. 1 moment, even though it is still historically rather low. Thank you very much. Down five basis points from the earlier number. Qlets get back s report, the number of jobs in august miss pretty modest expectations, 169,000 jobs actually added to the economy but desiccation was to see a risec of 180,000. I number and how do we get more businesses to hire more people . Joining me now, thomas perez, welcome to countdown to the closing bell. Pleasure to be here with;nk. Liz there are 50 directions we couldn go. Yv yes, there was a miss by about 5000 which in and of itself is n became more remarkable was a downward revisions for july and june. Not as much as initially thought created. What should americans think of these numbers . Once again we b have 42 consecutive months privatesector job growth to the tune of 7. 5 million jobs, 2. 3 million in the last year alone, the economy continued to grow at a steady pace. As itm nrnr relates to the revis รท zr] notable the majority of those downward revisions are in state and local governments in particular schoolteachers. While the economy has grown over the last 42 months, that is a privatesector economy which has been driving the recovery. We lost 5000 government jobs and lets drill down on that. uhnu what are the jobs that have been lost . Schoolteachers, police officers, firefighters. Those are the jobs that have been lost. What they are seeing his class sizes going up, less teachers, less teachers aides2 and i have been unaware of any recovery in which you have had no government growth. Liz the fact businesses wont create jobs, government should create jobs but you have conservatives who have said the loaded government needed to slin 3 down. It is. We saw the Unemployment Rate ticked down. But part of the reason the rates are fine is because the labor force dropped, the theory being it is a possible sign of discourage dropping out of the hunt and yet critics want the number lowered. How do you see that . The Unemployment Rate should undeniably be lower. Selfinflicted wounds of the sequester and what i just described in state and local government if the Unemployment Rate, if we had remained flat in the government sector kept the teachers and firefighters and police officers, our Unemployment Rate would be below 7 . The other thing about labor force participation, we keep a number of different statistics at the department of labor and there are other indicators of unemployment that take into account discouraged workers, take into account workers who are barely attached to the market and you look at the trends in those areas, my economist friends call it the u5 and u6. Trending down over the past year. Liz we had a money expert on with billions under asset management, one thing he was looking at was u6 which says the number of people working parttime due simply to the economy. Inferring how the economy looks, lets be fair and balanced, the market is up unbelievably strongly over the past year we had today the market likes the number. What does the number t today say and will we see in august revision like we saw with the july revision . Again, what we see is what we discussed earlier. The economy continues to grow at a slow and steady clip. Wvofi 32 consecutive months of steady job growth. co you look at auto sales and using the largest auto sales since the end of 2007. You look at the retail sector, the hospitality sector, people are goings out to eat more, people are going on vacation b . more bullish about the future. We have to pick up the pace. The Better Bargain for the middle class is so0c critically to save Social Security for another two years, people will spend more because they have more. That is why the president is working so hard on those issues. Liz lets Hope Congress gets a move on with immigration. We appreciate you coming on. It was a pleasure to be here. Liz the closing bell ringing in 45 minutes. What does todays job report mean for the fed and the tapering from the perspective of the markets . We have an allstar panel next, a fox this is exclusive with former vice chair alan blinder as well as speed nine. Now you hear from the guy to deal with the money in the market. A fox business exclusive. Thank you orville and wilbur. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the bt experiences below. To the finest comforts above. Were not simply saluting history. Were making it. No two people have the same financial goals. Pnc investments works with you to understand yours and helps plan for your retirement. Talk to a pnc investments Financial Advisor today. Liz yes, the august payroll number missed expectations by 11,000, but the Unemployment Rate to fall. Edging closer to the fed tapering threshold. Forget the fact that a large part of the reason it fell is because people were discouraged and simply left the search. So will they begin this month . Joining me now, senior u. S. Economist. Alan blinder, former vice chair of the Federal Reserve. We should mention, as to georgia of the Kansas City Fed came out and put a number of what she felt the tapering should the plight. We should it squeezed back a little bit by about 15 billion. What he think. That is about the number. That is about the number that i think they will start with, 15, 20, Something Like that. The question is, will they start and a few days and not. That kind of number is enough to make a difference, but not to the, not to start covering the economy. Liz to you think it will happen . Yeah. It wont happen in three days. I would handicap it has slightly over 50 percent i agree with the doctor. This mornings report did not change anything. It affects, the magic that they use is the Unemployment Rate, and it moved lower. Liz now my job is obviously, still seeing growth, but at a modest, moderate, almost an anemic pace. Government jobs have slowed. They started such turned more and more. The thing thats negative for positive . First of all, its medically and negative. If you pretend they have nothing to do with each other. To escape that, you have to thank him and killing one government job ads more than one privatesector job, which is a will with a look of things. Liz when people say we have to slim down this government, it looks like were bloated. You have to be careful. You could always focus on a given sector. Its too large. That was actually one of the areas, one of the spots the reaction the did have some government jobs. Most of those were concentrated on local education. That might have been attributable to the fact they have serving. There was encouraging. You have to focus on a private sector. To be fair, even though the jobs number this morning, the brouhaha coop over the three months was actually up. Thats the leading indicatornot. Liz we of spoken to such a great extent to know what tapering would do the stock market. The fact is, because theyve talked about it so much, no one can possibly be surprised. The head of the Federal Reserve. He has said he will send step down. So much discussion about Larry Summers being the guy. Today, front page of the journal saying that he cannot get approved. He would not get close folks. Is he approval . If worked with the of the possibility over of the fed. Yes, i work with of three. That does not give me an answer to your question. Its about the behavior of the United States congress. Everybody recognizes that summers poses a potential confirmation danger. I dont think the other has won an emmy in the laurel. And she is not nearly as controversial when. Its a sham like a baseball game one. I dont think its over. Liz you have my vote. I have been championing human. I think you would be terrific. Probably, but i think gun running in last place. Liz there are a few others. Liz thats my team. Thanks to both of you. Former Federal Reserve vice chairman and senior economist. Thank you both. The closing bell ringing and 35 minutes. Talk about a huge gamble. A live to the cme and chicago to tell you about an astonishing but that could net one trader a staggering 27 million. It has to pay off. Liz one trade ahead. One trader is taking a huge gamble with the fear index. It could pay out millions and millions. Sandra joins us live with all of the details. Somewhat easy to understand. It is like playing the lottery. An individual trader who puts 50,000 towards a bet. I bet that the fear index will jump above 27. We have not seen these levels since 2011. If that does happen, obviously a long shot he would be in for about 27 million. We brought in Mike Williams to tell us what that deal is. To take away. Well, you can pick one of these all the time. Like an apple stock. If there was an option available it would be worth a fortune if it actually happened. You would be rich. Its the same thing. People need to understand that the odds of it actually unfold in are minimal. Diskette to a 20,000 on a bet. To you think that is realistic. If the market collapses in the next day dazing goes down, the fix will rise. I wonder, the market environment. A lot of expected volatility, a lot of uncertainty. Unwilling to the 50,000 on the table. Bin. Its like a red or black in vegas. Does not investing. This is betting. That can happen. Has now what a guy like you does. Thats not what anyone like me desk. The equivalent is in my bed 50,075 times and maybe it works once. Its more like rolling the dice. Thats not really smart investing. Liz lets just check. A long way to go before they get there. They have 28, 23. Over 27. Liz all right. Maybe that is why they are who they are. They take these kinds of chances. We will once that closely. Thank you. The closing bell ringing in 28 minutes. Can you say were going public in 140 characters or less . Investors have been waiting for twitter to make that kind of announcement of its ipo, but the tech company has been silent. Until now. Charlie gasparino has been anything but silent. Out in front of the story and has the exclusive after the break. Um. Wheres mrs. Davis . She took an early spring break thanks to her double miles from the capital one venture card. Now what was mrs. Davis teaching . Spelling. Thats not a subject, right . I mean, spell check. Thats a program. Algebra. Okay. Persons a and b are flying to the bahamas. How fast will they get there . Dont you need distance, rate and. No, all it takes is double miles. [ all ] whoa. Yeah. [ male announcer ] get away fast with unlimited double miles from the capital one venture card. Youre the worlds best teacher. This is so unexpected. Whats in your wallet . 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Liz we are just looking at shares of both yield and facebook, both hitting record highs. Lets get an accord reached nicole on the floor. What an exciting day for some of these names. Lets start out with yelp, a new alltime high. An unbelievable performer year today, but you have both Deutsche Bank and barclays speaking positively saying the stock is an overweight. Deutsche bank as said by with and 81 billion. Wellpositioned to capitalize on the mobile area. Also in local markets. Then there is facebook. It moved around a lot in the last 20 minutes or so, recouping some of the losses. Approaching the 45 mark. You remember last may when we had the ipo, 38 at ipo debacle. At that point during the dated 45. It is not seen it since that date, the 18th. It is interesting to see whether it will cross that market. Suntrust robinson put a 55 target up from 40 maintaining their buy rating. Also just talking about the fact that revenue looks good, new product launches, video lets, that was part of it that what as well. A lot to say about Revenue Growth potential over the next few years for facebook. Liz how about that. A very exciting. More time wasters. Just kidding. You know how i feel. We a busy. A little birdie may finally be providing some details about a much anticipated tech company ipo. Fox business Senior CorrespondentCharlie Gasparino here with the exclusive. May i hold this up please . What does this mean . Well, we have been on the case of the twitter ipo i think we were the First Network to say there were going to do it possibly in 2014, reporting that all of the firms are now gearing up to be the underwriters. First to report that both the nasdaq in New York Stock Exchange and trying to win the listing. We tried to get a response. Twitter is notorious for not responding. So one of our wonderful associates here, you know, did some great reporting. She email the spokeswoman and said this, will anyone b