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53.9, but it does show that sector, that part of the economy which makes up 48.2% of the chinese economy is still growing. >> and china's of course, desperate to stabilize markets, especially before the world war ii celebration parade, celebrating victory of japan later on this week. manisha tank, thank you so much. we appreciate that. we'll take a break here on "cnn newsroom." when we come back, we'll have more on the 2,000-year-old temple destroyed by isis and why they decided to wash the national treasure offer the face of the earth. and ukrainian lawmakers take a vote and deadly violen...

I'm seema moody with your cnbc market wrap. the dow surges 179 points, the s&p 500 up 19, and the nasdaq gaining 43. construction spending jumped in november, up 1.2% as builders broke gunshot wound on more single family homes and apartments. it was the biggest gain since june of 2010. the nation's factories also a bright spot for today. the december report from the institute of supply management showing manufacturing activity rose to 53.9%. a reading above 50 does indicate growth. and the federal reserve will soon be updating investors four times a years about the short-term interest rate out...

That would go into effect next year. the idea is, we don't want to be too aggressive cutting deficits at this very moment, because they are concerned of a repeat of 1937, where there was concern about deficits and you -- and you ushered in more economic pain after the great depression. they are trying to thread that needle. but they recognize they have to get deficits under control. their plan will get you. $1.2 trillion of deficit savings it gets to us 3.9% of gdp. still not sustainable. but the president wants the bipartisan fiscal commission to find that last bit of savings. >> let's talk a...

Last time around, mr. obama did. you can see it there. president obama over john mccain 53.9 to 44.4, three years ago. different story today. chris stirewalt fox news digital politicsed tore. why is that. why a considerable tightening of the race. what is it about iowa voters, a state in which unemployment compared to the national average is relatively low? >> i don't want to be too sappy, but there is nothing quite like love that is disappointed to turn into dislike. the case in iowa is this. iowa citizens were so proud they took a loot of credit and responsibility for launching the national ...