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Prices plunging, and a guest worried there will be another fall, and kimberly is in the worried. fair and balanced. and now, what do you say? >>guest: stocks have a whiplash on wall street with the dow jones industrial average bunsing off a session low of more than 220 points in losses and rebounding after hope and talk of austerity agreement but in the meantime economic data cast a shadow over the market and the dow jones industrial average did manage to close lower just by 55 points and nasdaq ended up higher by 18 points and the s&p remaining flat. the big driver for the day? jobless claims...

Beating on the back of failing job numbers. the s, a&p and nasdaq in double slides. the sharpest increase in a month of unemployment. the total number is 429,000 jobless claims this week much worse than expected. this is after dismal numbers in may when employers added 54,000 new jobs slightly lower than earlier in the year. if jobs are weaker, so are home sales falling another 2.4% in may and plunging 18% in the two years since the recession supposedly enlee, so where is that recovery? well, don't ask fed chairman ben bernanke, because he doesn't seem to know. >> we don't have a precise read ...

That is the lowest level in about two years. got a long way to go. like to see that number go down more and more. martha: great news if you're not one of those 429,000 but better than expected. bill: good orange, i'm bill hemmer. martha: nice to see you, i'll martha maccallum, president obama said to michigan, a state hit hard, folks across the country are skeptical given the numbers that the stimulus is really working. bill: all right. what are the numbers telling us? stuart varney, anchor of varney & company, it wastous about how to break this down. how do you read it? >> the claim that we'v...

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Charge of making sure this money distribution works. it all starts near new orleans jefferson parish, louisiana. he will listen to claims. a lot of people complaining bp isn't paying enough. others say the checks just aren't coming or aren't coming fast enough. there is significant economic news today from both wall street and main street. in the next hour, the senate is expected to take a test vote on the financial overhaul bill. the most sweeping set of reforms since the great depression and from main straigeet, a new repo on the labor department. down 29,000 to 429,000 claims, the lowest...