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early. we were forceful from the beginning and you have seen now a very forceful enforcement response, more to come on that and you are going to see a what i think ultimately will be a very effective reform effort led by a more global effort than the first time. when you say more enforcement to come, american banks, that s your particular jurisdiction. ? i just meant american banks operating in the london lebor market? what the enforcement authorities have said is this is a first of a series of actions they will take. i didn t mean to imply more than that. but i ll say again critical to restoring trust and confidence in our system, very damaged, we dmemonstrate to the world we ll have the best enforcement response anywhere to make sure that investors and consumer haves the protections they need and that requires not just the reforms that we re fighting for but also that there are resourcresource s available to these agencies and if you lift the agencies underfu ....
anyman. and we ll bring you every word. with tyler mathisen at cnbc global headquarters and sue herera at the new york stock exchange. a special edition of power lunch on jobs friday begins right now. good afternoon everybody. welcome to power lunch. we have three topics to talk about this hour. and none could be as important as these three. jobs, stocks and how the run for the white house changed dramatically today. indeed it did, ty. we will hear from president obama about today s weak jobs report any minute now. he is at honeywell manufacturing plant in golden valley, minnesota. if you missed it, the unemployment rate, it ticked up to 8.2%, only 69,000 jobs were created in the month of may. that was well below expectations. now, the market impact is being felt all the way across the board. it is a very tough day down here at the nyse. the dow is down 227 points. almost 2%. s&p 500 is off better than 2% or 26 points. and we re holding at that 1280 level. the n ....