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Markets Turn Negative Early in Trading After Jobs Release
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FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.
- Duration 0:59
- Date Nov 2, 2012
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FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.
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Big jobs report out this morning it is the last snapshot of the economy before the election.
When people think about -- column is they vote this is what they will be thinking about.
Seven point 9% total unemployment that is up from last month because more people into the local -- What is called real unemployment including people who are unemployed and looking for -- -- -- -- and don't want it that number is fourteen point 6%.
After the stock market -- down a little -- most down fifty points for the -- look at oil.
Falling this morning big time down about sixty to 85 dollars a barrel.
And I for the price of gas nationally and also low we've broken below 350 a gallon.
That's a good price if you could find it.
In new York and it does -- have a huge gas lines.
Most stations don't have power so there are huge lines of the few stations that do and -- are running out quickly.
This could soon turn into a very ugly -- major crisis.