Now we move on to the big news affecting american families. George mentioned it. Not only families, but their retirement funds. IF YOU CHECKED YOUR 401(k) Today, you saw the dow on a rocket ride not... See More
Now we move on to the big news affecting american families. George mentioned it. Not only families, but their retirement funds. IF YOU CHECKED YOUR 401(k) Today, you saw the dow on a rocket ride not seen since the recession began. Soaring to a four-year high. Reporter: Today's stampied had two main triggers. First a major concrete plan by officials in europe to rescue countries there that are drowning in debt. A crisis that has threatened to drag america's economy down with it. Second, new numbers showing american businesses adds more than 200,000 jobs last month. The last time the dow was this high, the recession was just beginning and george w. Bush was president. The four years since then have been a thrilling roller coaster right np in march of 2009, it hit its low point. 50% of his value wiped out. But since then, a historic surge, the fastest since world war ii, although uncertainty remains. It's a sigh of relief. I don't think it's long-term. I think it's something that we get this week and maybe next week, and then we're off to the races again. The next shoe to drop is a big one. It happens tomorrow, the august jobs number. Many recent reports have been very disappointing, but if this one exceeds expectations, today's rally could well continue. All right, thanks so much,
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