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CNNW CNN Newsroom August 11, 2011

up right now, and that s a good sign considering we re more than halfway through the trading day. you are seeing stocks rally on good economic news of the jobless claims numbers fell last week and we got strong corporate earnings from a bellwether company, cisco system, and you are seeing wall street focus on the positive today and we are seeing the bargain hunting going on as well, and you are seeing the bargain hunters getting in there and buying stocks up, randi. and the trader mthere with you, allen valdez. what about the first time they dropped below 4,000 for the first time in four weeks, and how much do you think that contributed to the rally we are seeing today? well, under 400,000 you know, that jobs number is probably the most important number for traders. it really is. we watch that number on a weekly basis. and this economy is powered by consumer spending, so if the consumer is not working he is not spending. anything under 400,000, they re not spendin ....

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Detailed text transcripts for TV channel - FOXNEWS - 20100405:13:14:00

bill: welcome back. we are a snafu, that s when the computers don t line up with what we actually want to do. we were going to roll commercials there but we ll get for it in a little bit. let s continue or coverage there. i mentioned juan williams, very interesting article in the wall street journal, the tea party movement has taken american politics by storm. even as leading democrats have tried to dismiss it. this is in nevada, home town of senate majority leader leader harry reid, tea partyers have tried to kick out the congress at leaders and change the status quo in washington. critics have tried to paint the tea partyers often times as unhinged or even racist, juan williams says that s a mistake. he s npr news analyst and fox crib tomplet i m so happy you re on time. ....

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