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congress. members of the house and the senate. they have gathered to hear the president of the united states deliver a major speech on job creation. i'm wolf blitzer in washington. we want to welcome our viewers here in the united states and around the world. i can't overemphasize how important potentially this speech for the president could be, in the only for his political future but much more importantly for the american people because this country right now faces enormous economic problems. the unemployment rate right now in the united states, 9.1%. 14 million americans unemploye...

a terror attack on the country. intelligence owe fushls saying they have credible, specific but unconfirmed information for a threat against potentially new york city and washington. moments ago michael bloomberg spoke to reporters. >> the threat at this moment has not been corroborated. it is cred arable but has not been corroborated. but we live in a world where we must take these threats seriously and we certainly will. the nypd is deploying additional resources around the city and taking other steps to keep our city safe, some of which you may notice and some of which you will no...

the shanghai composite all down this morning. the major european markets are in the red as well. u.s. futures are down too. the world is waiting to hear the results of the monthly u.s. jobs reports. that comes out at 8:30 a.m. eastern. on the weather front, just a few days after irene, the weather radar is getting another big workout. a tropical depression is running loose in the gulf of mexico, and it's heading for the gulf coast, packing lots of rain and lots of wind. cnn's jennifer delgado is keeping watch for us. jennifer, this thing popped up pretty fast, didn't it? >> yeah. y...

to countless communities where irene, now a tropical storm, is causing catastrophic flooding this is margaretville, a small village in the catskill mountains, about two and a half hours south of the city. within the past hour president obama addressed the government's response to this natural da disaster. >> i do want to underscore that power may be out for some time, perhaps days. i want to make sure dhs, fema and other agencies are doing everything in their power to help folks on the ground. >> reporter: irene is now over central vermont and moving north at 25 miles per hour, it's ...

i'm t.j. holmes bringing you the latest on the massive storm. hurricane irene that could affect about 20% of the population of the united states. here you are getting a look at the path of the storm. the projected path of the storm right now. some 65 million people are being threatened by this storm. it's in some of the largest cities of the country that are under threat of the storm. we are talking about new york, washington d.c., baltimore, boston, philadelphia. all areas not accustomed, necessarily, to being ready for hurricanes. hurricane irene is now a category one storm. it is ...