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celebrating because today's job news might really start to seal the deal for re-election. that's his hope unemployment in america fell to 8.3% as the country added 243,000 jobs. >> the recovery is speeding up. and we have to do everything in our power to keep it going. >> which reminds us of another president who found himself in a similar situation during his re-election year. >> i am pleased to report that america is much improved. and there's good reason to believe that improvement will continue through the days come. >> raegen won on this. >> it's morning again in america. today,...

celebrating because today's job news might really start to seal the deal for re-election. that's his hope. unemployment in america fell to 8.3% as the country added 243,000 jobs. >> the recovery is speeding up. and we have to do everything in our power to keep it going. >> which reminds us of another president who found himself in a similar situation during his re-election year. >> i am pleased to report that america is much improved. and there's good reason to believe that improvement will continue through the days come. >> raegen won on this. >> it's morning again in america. today...

to their highest level in four months. optimism about the economy plunged to its lowest levels in more than three decades. >> it's the leading indicator. so if it's following that, should tell us that we're going to have perhaps a slowdown in the economy. perhaps a struggle in the economy. >> reporter: sentiment is no better overseas. france reported friday, its economic growth ground to a halt in the second quarter, suggesting that consumers fear hard times ahead. >> i don't think that this is a small crisis we're going to get out of that quickly. and i don't think it is just the fr...

the sinking feel is back on wa street. the breaking news this hour. all major stack indices with the dow down 500 points. once again, we saw dramatic fluctuations over the course of the trading day. one analyst says, and i'm quoting, fear and greed are driving this frantic cycle of buying and selling and that's costing investors trillions of dollars on paper. joining us now, richard quest. what is going on in europe right now that could drive down wall street so quickly, so dramatically. tt markets are feeding on themselves. the problem in europe concerned france and fears that franc...

life and why time may be running out. i'm wolf blitzer. you're in "the situation room." the sinking feel is back on wall street. the breaking news this hour. all major stack indices with the dow down 500 points. once again, we saw dramatic fluctuations over the course of the trading day. one analyst says, and i'm quoting, fear and greed are driving this frantic cycle of buying and selling and that's costing investors trillions of dollars on paper. joining us now, richard quest. what is going on in europe right now that could drive down wall street so quickly, so dramatically. tt ma...