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And the price of steel inevitably will go up with this. so we re not in favor with this, no. of course ford a huge jobs provider. we re watching the markets open on this day after these huge tariffs were announced. good morning. what s it looking like? reporter: good morning. investors definitely in a better mood today after being spooked yesterday by those tariffs. we re opening 160 points higher. yesterday the dow was down 350 points, poppy. some of this positive sentiment was helped by the jobs report which came out at 8:30 this morning. it was a strong jobs report, about 223,000 jobs added, unemployment was at a record low, an 18-year low of about 3.8%, poppy. so that s helping this positive sentiment. we re going to see how this plays out through the rest of the day, but the president will ....
Have, in the end you have both sides stating their claims, jobs destroyer, jobs provider, health care, you know, needed for americans. but are we will there be any progress, if you will, made in this argument, no matter what points you present. we know the republicans shoot these things down or are we just at a standstill? we have this law. the president says it is a law. he s not going to veto whatever legislation that he s worked so hard for. where are we going here? well, we re going to continue implementing the law, and you know i heard savannah say just before i came on that the law is already producing benefits for the american people, but there s lower prescription drug costs for seniors, tax credit for all businesses, college kids being able to get on parents plans. we re going to continue to implement. the president has made it clear, he wants to work with the new majority in the house to find things that we can work on together that we can t afford to go back. ....
Financial stability oversight council will meet. that was a council that derived from the dodd/frank financial reform bill. and this council will look at a few things in how they could be implemented including the volcker rule, whether or not some sort of financial firms can buy up the market. a lot of what they report out tomorrow will be commented on by a lot of members of congress from both sides. that will be interesting thing to look at. also, the viz sit of president , a meeting with john boehner. speaker boehner s come under flak for declining an invite to the state dinner. his office saying he s going to have a personal meeting with the chinese president so he doesn t have to sit through the toasts and toasts and he ll have a real meeting to talk about real business. later, house democrats will go to cambridge, maryland for the annual retreat. it s expected president obama and vice president bide will address those democrats on friday. kind of a rallying of the troops, if you w ....