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Get a jump on the day s news with Christine Romans and Dave Briggs. paul manafort spent $2.2 million on home entertainment technology. including $10,000 on a karaoke system. a lot of details prosecutors packed in. we will hear more from his accountant today as they delve into his finances. dave and kaylee. thank you, jessica. can the u.s. economy keep up the pace of swift job creation? we get a look at the labor market this morning when the july jobs report is released. economists are expecting 190,000 new positions. the unemployment rate is expected to tick down to 3.9%. it rose in june as more than 600,000 americans got off the sidelines and entered the labor market looking for work. the big mystery has been wages. that number expected to hold steady at 2.7% annual rate. wages have been stuck in that range for the past three years. as the labor market tightens, wages rise, but the growth has been slow since the great recession. wall street is looking at where the job ....
Call or go online today. call or go on line today. 47 minutes after the hour. iran launching a major military exercise in the persian gulf. likely to shutdown the strait of hormuz to oil production movement. we have nic robertson live in the strait of hormuz. nic, what is the broader implication? reporter: that is cutting off the 20% of the oil supply for the world. that is what iran s major ....