post-pandemic economy. mark: republicans aren t buying including freshman ashley henson of the first district of iowa, record spending equals record inflation, life is and will continue to be more expensive for americans as the administration goes on their taxpayer-funded spending spree. republicans will continue fighting to rein in spending and make life more comfortable. there s no doubt that the economy will play a role in the election. next week we will be giving an update on the economy and july job s report due out on friday. unemployment rate ticked up last month ever so slightly to just under 6%. charles, we will have to wait what the unemployment is for the rest of the summer. charles: we are all on pins and needles. as the white house is claiming or would it actually make it worst, let s ask economist steve moore and democratic strategist.
your cnbc market wraps. stocks pushing higher on reassuring reports on jobs and the service industry. the dow jones industrials climbing 44 points, the s&p 500 adding nearly 7 points and the nasdaq up 20. private employers added 42,000 jobs in july, a solid improvement over june s 19,000. investors are anxiously awaiting the government s report due out on friday. and some surprising growth in the service industry in july. the ism index up half a point when economists had been expecting a decline n.stocks online travel site priceline soaring 22% after beating, expectations and delivering an upbeat forecast. barnes & noble shares up 20%, after it said it was putting itself on the block and fielding offers to take it private. google rose on word its android smartphone software is now the top sellner that market, and motorola advanced after announcing it s working with verizon on an ipad rival.
i m julia boorstin with your cnbc market wrap. stocks closing out a brutal quart we are a loss as a cloud of is pessimism settles over wall street. the dow jones industrial average falling 96 points and the s&p falling ten points and the nasdaq 25 points. it was at worst quarter in a year for stocks. all the major indices shedding between 9% and 11%. a dismal quarter for the housing sector, losing 21% of its value. energy industrial stocks falling 13%. just about the only thing glittering was gold. investors diving for cover in a pile of precious metals. economic news today, the private sector adding fewer than expected jobs in june. that does not body well for the government report due out on friday. and in stocks, netflix shares skidding 3.5% after hulu.com announced plans for a new description-based service. that s it for cnbc, first in business worldwide. now, back to hardball.