Stay updated with breaking news from Killer audio. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
a huge jump in the polls where he led at times. boy, it rained down on him. not just allegations about sexual harassment or long-term affairs but about his knowledge of the issues. so ron bonjean, let me bring you in in these final moments. now he s going to set up this website. we can read nothing into this, can we, other than it s over. that s exactly right. it was a very good speech. a perfect exit speech. he had us all hinging on what he was going to do. i thought the segue to the website was smart. it gave him a place to go. the fact he has an endorsement he can give to other another republican primary candidate is key for him. he s an excellent speaker. so i thought, you know, in this final moment for him on the presidential trail, it was probably one of his best moments. my thanks to ron bonjean, republican strategist, to my colleagues, shannon travers in atlanta, joe johns here with me in washington. i m going to bow out and leave you in the capable hands ....
tear apart the euro currency. in washington, where the super committee was a super failure. and in our own bank accounts, where incomes are falling, and americans are dipping into their savings to pay the bills. yet everywhere, you re being cheerleaded to spend money, lots of money for the holidays. $704. the national retail federation projects that s how much you ll spend over the holidays, and consumers are more than halfway there. where is all of that money coming from, and have we learned nothing? rick newman is the chief business correspondent for u.s. news. rick, they re trying to tell us to party like it s 2005. the contradiction between what s happening in washington and in europe, and then what america is trying to do for the holidays is pretty stark. you know, you see these numbers about how much money people are spending for the holidays and it reminds you back when people suddenly had expensive cars in their driveway, boats, fancy vacations. you wonder, ho ....
rate has fallen to 8.6%. that s the lowest rate in nearly three years. christine romans back with us in new york now. so, christine, what a marked improvement. 120,000 jobs added in november, where are we seeing the most growth here? we had the last two months here res have hire, as well. many more jobs created in september and october than we thought. the growth we re seeing is in the retail industry, no surprise there. 50,000 jobs created in the retail industry and half of those were in clothing stores and also in apparel, you know, accessory stores. you also saw leisure and hospitality. that means hotels, restaurants, too, food and drinking places. anything that has to do with people starting to get out and spend money there. you saw them adding workers in those places. also, professional and business services. 27,000 jobs created there and in health care and education, we saw about 20,000 jobs created. so, retail, food and drink, professional, medical system, medi ....
the new york stock exchange. the unemployment dropping below the 9% to 8.6 mark. how is the stock market taking it? it s taking a breather at this point. the rally has fizzled out because investors had a look at the report. they got a look at what is just behind the headlines. what it showed is that 120,000 jobs were added in november with september and october numbers revised higher by a total of 72,000. sure, the pickup in hiring. it s a good sign. but it s still not great. the country is barely creating enough jobs to keep up with population growth and 13 million people are still out of work. the reality reason is why it s fizzled out. they have done enough buying for the week. the dow is up almost 800 points just for the week, brooke. wow. that s tremendous. but also some people are saying that the numbers aren t as tremendous and i want to ask you a question. i want to pose this to one of the presidents of the south economic advisor. is it a bit of an beabborat ....
wherever you look. the dow posting its best day in more than 2 1/2 years with a rocking 490-point gain. that puts the dow back in positive territory for the year. above 12,000, which is a psychologically very important level for the 401(k) s in this country. the s&p and nasdaq up more than 4% as well. why? well, it began with america s top economic man ben bernanke, bailing out europe which is on the verge of bringing down the economy. former new york stock exchange floor trader, obviously, it was ben bernanke working with other central bank chiefs around the world. this is europe-related? this is definitely europe-related. there s more to today s move than just that but the driver was clearly futures were roaring very, very early, as a direct result of ben bernanke, the federal reserve s move to effectively lower the cost of gaining access to u.s. dollars. why? because u.s. dollars, that s the world s reserve currency. that s what the euro zone needs for their banks ....