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Jobless Claims Rise to 388,000

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Description
FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.
Duration 0:55
Date Oct 18, 2012

This transcript is automatically generated

And a drop in the price of oil was small.

Right now we're down on a buck 91 dollars a barrel could mean the sharp drop we've seen in gas prices don't continue a little bit.

Gas did fall about two cents overnight without -- least 73 for national average diesel holding -- doubtful that Tivo like accidents happen.

Important number out this morning 388000.

New jobless claims for last week big jump from the week before.

But numbers are being confused by problems with one big statement that is a -- and depressing.

Right now the Dow Industrials that flat to down -- seven.

IBM is driving the Dow down on it it fell ten bucks a -- yesterday is now below look to on the books.

And look at apple also falling again right now it's 637.

-- down from the all time high of around seven.

We're back in ninety seconds with a look at the emotional connection -- -- -- -- that.