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CNN New Day Saturday December 7, 2013 11:09:00

The federal reserve will release its findings soon. rememberer we still haven t gained back all the jobs we lost during the recession. 1 million to go. poppy and victor, still work to be done. zain, thank you very much. i want to put this in perspective, despite a week of very good news about the economy, a lot of you are not feeling the recovery. there s a recent cnn/orc poll, it highlights how things are going. 59%. almost 6 in 10 americans said badly, just 41% said they feel things are going well. and that has a lot to do with the fact all the jobs coming back, a lot of them of not high paying jobs. this week, south africa is paying tribute to nelson mandela, ten days of mourning are under way for the man many called madiba. but the nation is also celebrating this life. we ll do that next. [ dr. ronit ] there s a lot of foods and drinks that have acids in them. ....

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CNN CNN Newsroom December 6, 2013 14:30:00

Good morning. i m carol costello. thanks so much for joining me. we ll get back to our coverage on the death of nelson mandela in a minute. right now we re keeping an eye on wall street. [ bell ringing ] investors may be taking a strong jobs report with a grain of salt. as i told you at the top of the show, 203,000 jobs were added in november and the unemployment rate dropped to 7% from 7.3%. but while the economy continues to get stronger, it means wall street may not need the billions of dollars the fed has been pumping into it, stimulating it. zain asher is at the new york stock exchange with more on this. good morning, zain. reporter: hey, carol. yes, we are in the green, the dow up 32 points. the market is really reacting to the unemployment rate more than the payroll numbers. the payroll numbers came in better than expected, a little bit more than 200,000. the real surprise for everyone was the unemployment rate which is key. the fed has said several times ....

Carol Costello , Wall Street , Death Of Nelson Mandela , Bell Ringing , Grain Of Salt , Unemployment Rate , 7 3 , Zain Asher , New York Stock Exchange , Payroll Numbers ,

CNN CNN Newsroom December 6, 2013 14:04:00

Interesting weeks and months ahead. what you just said about the fed might mean the stock market isn t spiking up as much as you might expect. let s head to wall street in new york and zain asher, what are stocks doing right now, zain? reporter: hey, carol. it s interesting. futures are reacting positively, very positively, dow futures up by triple digits. it s interesting because if we had had these strong numbers just a few months ago, you would have seen the futures probably dropping sharply but it looks as though the market is maturing and finally accepting that good news does actually mean good news. the economy is getting stronger. you re also going to be seeing these numbers long-term investors who are betting on the economy actually buying in, short term investors might be more concerned about what the fed is doing. i think overall as christine romans my colleague just mentioned, this does mean that there is a higher probability of the fed beginning to taper at some point i ....

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CNN The Lead With Jake Tapper December 6, 2013 21:06:00

Having its best day all week by far. i want to bring in zain asher at the new york stock exchange, where the closing bell rang moments ago. zain, the market had not been having a good week until today. yeah, not at all. quite the turnaround indeed. those job numbers did come in as a surprise but even more surprising i think was the market reaction. we are finally starting to see a situation where good news does actually mean good news. the u.s. economy is getting stronger and traders want in on that. i have been downstairs talking to traders all day. here s what they re telling me. they are telling me they finally accepted the fact that tapering is inevitable, they know it will happen, but don t expect it will happen for a good few months. here s why. yes, we got a strong jobs report. however, consumer spending is still problematic. they don t expect fourth quarter gdp to be particularly strong and they don t expect tapering to really begin until budget negotiations are firmly in the ....

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CNN CNN Newsroom December 5, 2013 14:04:00

Carol, but when i go to certain eating establishments i m ordering on a tablet and not even having any interaction with an employee. carol? all right, alison kosik, we ll check back with you. let s head back to new york to our studios in and zain asher for more of the good news regarding our economy, and that s the gdp is up. this is sort of surprising, zain. reporter: hi, carol. absolutely, gdp coming in the third quarter at 3.6%, certainly a lot stronger than expected. the best quarter perhaps of gdp since first quarter of 2012. when you compare it to other economic data we ve gotten so far this year, last quarter it came in at 2.5%, the first three months of this year 1.1%, so certainly an improvement. i want to mention part of the reason for this is a buildup in inventories, the best buildup since 1998, however consumer spend zg sling is slow. its in line with an improvement with the housing market and car sales as well. ....

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