to hit this weekend. it may not be as powerful as a hurricane, but it s moving as a crawl which means new orleans canals and levees will be tested by a prolonged rain, up to 15 inches or more are expected, plus a storm surge. we ll get a live update. but first today s stunner from the labor department. the country saw a net gain of no jobs in august. plus no change in the unemployment rate, still 9.1%. it is the worst jobs report in a year. wall street cratered, the dow industrials, s&p and nasdaq all lost more than 2% today. president obama didn t even try to put a positive spin on the news. no on camera statement, not even a written one. we did catch one glimpse of him today as he left for cam david without even turning to wave good-bye. with us now, the president s former economic adviser, christina romer, she s now an economics professor at the university of california. proofgs or, thank you for being here. let me ask you first off whether you saw any good news inside thi