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Published: Wed, 4 Nov 2009
Description: Eric discusses expectations for the upcoming employment report.
Automatically Generated Transcript (may not be 100% accurate)
" I don't -- to the first degree we -- a lot to get two jobs baby jobs here's why. BP came out today that the private sector. Plus 203000. Jobs why is that important what they're expecting a 190000 jobs gives the other issue. -- preview of Friday remember Friday we're going to get the unemployment rate is going to be 99. Is it possibly get 10% unemployment number I think could double digit number will be negative to the market even a lot of people might be expecting it. But the White House keeps telling -- 640000. Jobs were created. BLS tells us since Obama. 3.4 million jobs lost I'm trying to make those sick to work its -- work. Gold baby go -- 109650. Another record today you know India they bought the 200 million metric -- that's right 200 metric tons. The last two weeks ago also China looking to buy gold Saudi Arabia looking to buy gold single white females looking to. No no I'm just kidding sovereign wealth funds look at it boggled as well it's up 250 million dollars and -- culprits so far drill baby drill -- excrete oil. 81 dollars a barrel today yes dollar but it's also Chinese -- we found out that last month Chinese demand for oil was up. 14% that's pushing the price of oil and gasoline spirited this year right now today two dollars and 68 cents per gallon on average. One month ago at two dollars and 46 cents one year ago remember -- a 151 dollars last year guess what. Still above -- substantially above you're going in ghastly price but the truckers. Keep drivers -- getting hurt the shippers are getting hurt and the airlines are getting hurt by higher fuel costs -- Speaking of the shippers and truckers. Con-way C and W is a ticker symbol. But it is -- It peaked over here on its way down to stay away from the shippers and truckers and the airlines last but not least you know what it's Yankee time it's Yankee time in the -- I get paid very important time in my life right here over the summer -- throughout the first pitch at Saint Louis. Really really cool experience I love that. It's a strike also another great time later on in the summer we were Yankee Stadium check out street meat from Yankee Stadium also a very very important time but. This is going to be one of the most important time to take my son we Yankee game tonight and I'm really really gets back to back here right."
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