Detailed text transcripts for TV channel - KGO - 20110602:10:37:00
Good morning, dan. >> good morning, peggy, daniel. the dire mood on wall street comes as a recent spate of economic news offers hints that the economy is losing steam and fast. adp offered its monthly look at jobs in the u.s. and said private sector employers only added 38,000 jobs in may. that's way below expectations and set many economists off to reset their guesses on the friday jobs report. consensus currently has about 185,000 new jobs added in may in that official government report. the smart money is now pushing that guess lower, before the friday morning release. others say traders ar...
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