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Stocks Tumble on Disappointing Jobs Report

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  • Description

    FBN’s Adam Shapiro on the May jobs report’s impact on the markets.

  • Duration 0:57
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-- Fox Business brief -- disappointing report on job creation and stocks tumbling right from the opening bell today with the Dow Industrials down more.

On nearly 300 points the blue chips have erase what was left of this year's gains.

The dismal report also sparked another sell off on oil crude closed down three dollars thirty cents at 83 dollars -- three cents a barrel.

For the -- prices were down more than 8% the fifth straight weekly decline for crude.

And the news on jobs had investors flocking to the safety of gold the precious metal posted its biggest one day gain since August.

Gold rose more than three and a half percent settling at 1622.

Dollars and ten cents an ounce and in New York Mercantile Exchange.

A tornado warnings for the northern northeastern part of Merrill Lynch is in effect until 3:45.

Eastern time the national weather service's doppler radar indicates severe thunderstorm capable.

Of producing a tornado he's in the area now we continue our countdown to the closing bell political -- -- is that the new.

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