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Markets, meanwhile, after falling on thursday, oil has risen again. this time by over $1 a barrel. it fell thursday on worries that might tighten monetary on inflation. and news in the jump in u.s. crude reserves. those factors don't seem to be slowing its rise today. back at $90 a barrel with the rise of $1.22 a barrel. max. $90, earnings season is in full swing in the u.s. watching oil prices as well. but yet again it's what's happening abroad that's playing out on the trading floor. the action from the new york stock exchange. >> reporter: fears that china's economy is on the verge of ove...

Burns. >> it can be 140, 150 degrees on -- just on that pavement. >> reporter: the last four months were the hottest on record. when you combine the surface land and sea temperatures for june, it was a record 61 degrees. 2010 is on track to be the hottest year since they started keeping track of records in the 1800s. >> we saw temperatures at least in terms of an average that were 1.22 degrees fahrenheit above the norm. that doesn't sound like a lot but it actually is quite an impressive number. >> reporter: july could break some records of its own. according to accuweather, we haven't felt an...

Then, it crashed again. 1932. the dow bottomed out, closing at 41.22. 89% drop from the precrash high. got it? see what happened here. the dow jones, 2008. plummeted. what did we do? hover decided spend. increase the federal spending by 50% between 1929 until the end of his term. george w. bush abandon the fee market system to save the free market. isn't that great? what did they both create? unemployment, no jobs. in hoover's time, 20% by the end of his term. unemployment is at 7% at the end of bush's term, up from 4.5, and it's only gotten higher. then 1932, they said well, we'll have to inc...

Then, it crashed again. 1932. the dow bottomed out, closing at 41.22. 89% drop from the precrash high. got it? see what happened here. the dow jones, 2008. plummeted. what did we do? hover decided spend. increase the federal spending by 50% between 1929 until the end of his term. george w. bush abandon the fee market system to save the free market. isn't that great? what did they both create? unemployment, no jobs. in hoover's time, 20% by the end of his term. unemployment is at 7% at the end of bush's term, up from 4.5, and it's only gotten higher. then 1932, they said well, we'll have to inc...

They are today, after labor day i expect mitt romney to widen the lead he had from 1.22 or three or more. jon: i have to ask you a question about this potential storm that was likely to hit the new orleans area. the president can go on and be the console or in chief, the rally are in chief, but he won't be able to do -- is that going to hurt romney's candidacy? >> you know, we will see how it plays out. i don't think it's a good picture for the president to announce that he is signing an emergency declaration for the new orleans area and louisiana and then fly off to iowa to give a political s...