up right now, and that s a good sign considering we re more than halfway through the trading day. you are seeing stocks rally on good economic news of the jobless claims numbers fell last week and we got strong corporate earnings from a bellwether company, cisco system, and you are seeing wall street focus on the positive today and we are seeing the bargain hunting going on as well, and you are seeing the bargain hunters getting in there and buying stocks up, randi. and the trader mthere with you, allen valdez. what about the first time they dropped below 4,000 for the first time in four weeks, and how much do you think that contributed to the rally we are seeing today? well, under 400,000 you know, that jobs number is probably the most important number for traders. it really is. we watch that number on a weekly basis. and this economy is powered by consumer spending, so if the consumer is not working he is not spending. anything under 400,000, they re not spending. l
good morning to you. it is thursday, august 11 now. this is american morning. lot going on today. let s get right to it, folks. good morning, good morning. so much for comeback. haven t seen these kind of wild swings on wall street since the darkest days of the financial meltdown. the dow diving 520 points yesterday. this time fueled by fears or at least triggered by fears. that france is on a verge of a credit downgrade. every day it seems to be something new trying terg sell-off or the buying. that s because this is a global economy. your investments feel it here. wild swings. take a look at the week. monday the dow dropped 635 points. tuesday, it rebounded. picking up 430 points. yesterday the dow took it all back and then some with a drop of 520 points. drop of the s&p 500 has a percentage was greater. well, far from over, too. because this morning u.s. futures are weighing up and that had asian losses at a minimum. nikkei and shanghai closed down. markets in german