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Markets React to June Jobs Data

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  • Description

    FBN’s Charles Payne with a market reaction to June’s jobs report.

  • Duration 0:56
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We are seeing a huge sell off this morning right now Dow Jones Industrial Average off 150.

Points.

It's all because of that very weak jobs report only 80000 jobs created.

That is very weak only 225000.

Jobs in the past three months that's the weakest quarter in two years.

But the market doesn't think Ben Bernanke's gonna -- -- save the day by printing more money.

The fact that has pulled out 21 dollars and seventy cents right now in oil also down big today.

Below 85 dollars a barrel but oil reserves -- recent run is actually led to a jump in gas prices up -- two cents overnight.

To new national average of three dollars and 35 cents a gallon we are expecting comments from President Obama on this morning's jobs report.

That's it happened -- Iran this -- we're gonna bring it to you live doesn't happen but first -- get a live report from Liz MacDonald on big money being spent.

By big labor.

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