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breaking down the july jobs report this hour. i want to get to t employers added 163,000 jobs in july, much better than the 95,000 that economist also predicted. the unemployment rate rose to 8.3%. the latest political spin as president clinton and mitt romney weigh in on this report. go beyond the numbers to find out what the report says about the state of our economy. we are also going to see how wall street is reacting. president obama and mitt romney did not waste any time giving their take on the jobs report. romney is on the campaign trail r he is in vegas. president obama had ...

Megyn: fox news alert, the obama administration speaking out, now, on the oil spill in the gulf, now saying that it is no longer a threat to the florida keys or to the east coast. there had been concerns that that massive spill could reach south florida and the east coast through a powerful loop current that goes down around florida. this is new word coming from the white house on just how much oil is actually in the water. listen to this. according to government estimates, bp's broken well spewed 207 million gallons of oil into the gulf. that's 15 times more than the exxon valdez spill back i...

Well is sealed, until we have no oil on the surface, until the beaches are clean, until the federal, state and local officials agree that the beaches are clean. we need to stay engaged. >> reporter: the federal government has some good news for florida this morning regarding the oil spill. they say there is no indication that the oil got into the loop current. because the oil is degrading, they now think it won't have a significant impact and southern florida, the florida keys and along the east coast in the miami/ft. lauderdale area. alex? >> anne, thompson, thank you very much. a gas leak ...

We will check in with the severe weather expert, and meteorologist chad myers. you are tracking the storm. what the latest, chad? >> well, the best news that i can give you, literally, wolf. this is six hours ago, and i will move you into the current. notice what it looked like back here when it was one big red ball. that is all by itself. that is when it moved onshore near miami. and in fact, over cutler bay, and through miami-dade and now it is back offshore and many times they will regenerate in the warm water, and this one, i don't think that it has as much potential to regenerate even tho...

Oil well, we dipped into the gulf waters and immediately -- >> a dolphin right there. look at that. >> a bunch of dolphins right out in front of us. >> reporter: were welcomed by evidence at least near that the surface, that the ecosystem here is healthy.ç >> the vents are shut. >> reporter: on board the harbor branch submersible in a separate rear chamber, marine biologist dr. shirley pomponi and a safety technician. while up front, i joined pilot don libratori. he spent 34 years navigating the unknown. is there an agenda here? are you looking to find oil or see if it exists? >> of course, ...