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Sell off, treasuries are selling like hot cakes out there, despite what s&p says. as you said, the housing market down, 3.5%, a recent report showing that 74 of the nation's biggest cities, it's cheaper to rent -- it's cheaper to buy than it is to rent, completely contrary to what you think. obviously, there is the employment numbers, 408,000 people just this week applying for unemployment benefits. not good news. this plays out in the jobs markets because companies won't hire, they've had the cash but now are warning about the back half of next year, about what their earnings are going to loo...

>> laura: hi, everybody, i'm laura ingraham in tonight for bill o'reilly. thanks for watching us. let's get right to our top story. it was another awful day for the american economy. the stock market dropped about 420 points and americans have lost trillions of dollars in wealth just over the last month. they are losing their money and education retirement funds. their life savings and investment portfolios. simply put, average americans are getting clobbered in the obama economy. there was also more bad news on jobless front. claims are up to 408,000, the highest in a month. despite the dire ...

Tell me, small businesses tell me, they are being crushed by regulation. >> sean: maybe we are wrong. maybe we are being too harsh for the president to go to martha's vineyard. where the elite go -- he can't seem to make decisions while on the job. maybe a little rest and relaxation will help him. you are pointing out, 36%, this was out today, of michigan children live in jobless households, 36%. one in five children research study came out, now live in poverty in america. 15% of americans rely on food stamps. the president admits the housing market has no chance of rebounding until 2013. unem...

The government says the number of first-time applicants for unemployment benefit rose by 9,000 last week, climbing to 408,000. economists widely believe the economy is adding jobs when initial claims come in lower than 400,000. >> there has not been much news that has suggested that this soft patch is over. except the fact that jobless claims although they moved up a little bit today are still very steady. they're not signaling any big breakdown in the economy. >> the u.s. housing market continues to limp along. the national association of realtors said sales of existing homes fell last month ...