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All right. live look on top of the rock. rockefeller plaza. time now for business before the bell with cnbc's brian shactman. unemployment claims? >> why not start there. good to see you guys. been a while. futures are slightly higher. jobless claims a little bit better than expected. but still, with 387,000, it's still much higher than a lot of analysts want to see below 400,000, which is okay, but above 350. so it's one of those things where clearly the economy, the jobs market, has slowed down a little bit. and yesterday fed chairman ben bernanke basically backed that up. growth is slowing,...

What we've been saying for three months, that the economy is head in the wrong direction. these are very high numbers 387,000 new claims for jobless benefits. that is far too high a number three years after a recovery was supposed to begin. the trend is up. it should be down. it is up. what it means, bill, with this sense of the direction for the economy there is very little likelihood of serious improvement in the jobs picture before the november election. bill: that keeps it first and foremost in issues in america. you're 4 1/2 months away. why is there that little chance of improvement? >> ...

And spend $10,000 in mail but we got a list. they spend $300,000 on mailing garage out. tax guys spend $387,000 among he was promoting himself taking a stand on wasteful spending. [ laughter ] >> nobody has the money to counter that. even if you had a challenger, that challenger doesn't have $400,000 to send out a mailing explaining this wasteful spending. that is your money spending out their promotional material. its government funded promotion scheme. >> we're doing this great stuff. nobody is there to tell the other side of the story. >> john: you have raised $12 million so far. any succes...

down, can the rest of the law remain in effect? can it vooifr? it sounds like at least one justice believes it can. >> there's so many things in this act that unquestionably okay. we concede that reauthorizing the indian health care improvement act changes to the black long benefits. why make congress redo those? it's a question of whether we say everything you did is no good, now start from scratch. >> and once again, we have jeff toobin outside the supreme court. i know court observers, they're not surprised by the support from justice ginsburg, you know, a liberal. what did you re...

president obama arriving in france for the g-20. the big story is greece, gamble with the global economy, and how could it cost the membership in the eu on this "american morning." good morning to you. it is thursday, november 3. welcome to "american morning." ali velshi is in stormy france. bad weather there. we will be talking to him in a few minutes about the g-20 minutes. >> stormy weather and stormy politics. up first, the scandal dogging herman cain's presidential campaign. growing larger this morning. associated press reporting that there is a third woman who accused cain of...