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of that on top of already tough, tough economy. major department stores can derive 10% of sales from manhattan locations. a very big impact expected on the economy. the labor department releasing the final weekly jobs report before the presidential election. it shows 358,000 americans filing for first time jobless benefits. that is drop of just 9000. take a look back so you can keep it into perspective there is look since the start of the recession. we have little change since january when weekly jobless claims dropped to 360,000. tomorrow we get the last big monthly jobs report as the october number comes in. let's bring in fox business network stuart varney for a look at this. good mornings, stuart. what lies ahead? >> that is a difficult question to answer. looking at the numbers we received today from a couple of reports you can probably say tomorrow 8:30 eastern time there were roughly, 120,000 new jobs created last month. that is a very rough estimate looking at today's numbers. now let me go into today's numbers, they are politically loaded because they present a snapshot of the economy
in the unemployment rate is a sad reminder that the economy is at a virtual standstill. >> i don't think so. the last month, the unemployment rate came down three ticks. and the romney campaign complained that we hadn't created more jobs. this month, the number of jobs created was 30%, 40% higher than expected and was fairly strong. and then they criticize that the unemployment rate ticked up one tenth. it's the last number before the election, so i think both sides are going to see, try to go through and interpret what it means. i think overall, most economists view it as a fairly solid report. and until we get the growth rate of the economy up faster than 2%, 2.5%, this is probably about what we should expect from a solid report. >> how does one explain the kind of inconsistency? 7.9%. that's up, with unemployment. then you talk about adding 171,000 jobs in october. >> yeah, a great question. a lot of people misunderstood how the jobs work. there's two surveys. the jobs come from a survey of businesses. the unemployt rate comes from a survey of people. each month, there's a lot of variability in bo
priority and will work of -- with us to keep virginia's economy strong and national certainly were a lot of our jobs come from, as well as protecting our national security -- where a lot of the high-tech industry is coming from. so, it is very important we keep being -- the low taxes that we have and keep the 21st century economy going and governor romney is the kind of partner we can continue this good practice with. host: bryan ran, chairman of the virginia democratic party. -- brian moran, chairman of the virginia democratic party. president obama won in 2008. what is your strategy to repeat? guest: i agree with much of barbour said in terms of virginia. but governor tim kaine running brought a lot of of the prosperity to virginia. when they talk about less government and tax cuts, this isit looks like enormous cuts toyou can't have it both ways. they don't want to have any revenues to balance the books and what substantial cuts to government spending, that is what looks like in the commonwealth of virginia. when you make the draconian cuts thousands of lost jobs. they estimate 200,00
and foremost on their minds. jobs still first and foremost on their minds. this economy. this is not a time where people, the american people right now are being con descended to by a national liberal press as well, acting if every voter, every likely voter is a complete moron who has to be guided into the final hours to be pushed into the booth and so they can vote for the candidate that makes most sense. very simple questions here, who refused more security for benghazi? who was it who refused to rescue four americans? who is responsible for the past four years? and this country as president of the united states and does that record satisfactory? if you want more, there it is. melissa: would it be cynical of me to say chris christie also wants the dollars the president brings with him? >> he will get the dollars no matter what. melissa: then i won't say it. be positive. i won't throw the out there. >> but the question you suggest is absolutely apt. why in the world this, this level of, if you will --. melissa: lovey-dovey? ashley: photo-ops. >> creates political and interesting, well, dis
, are asking why is it that an advanced economy do we have to live for more than a week without power? and i'm looking at your industry and thinking this is one of the most heavily regulated government intervened industries in the country and those two facts are not connected? >> they're not connected, because basically you cannot stop hurricane sandy from knocking down power lines. and from bringing water into the underground tunnels in new york where we have underground equipment. or creating major snowstorms out in west virginia. we've had everything but the locu locusts in this situation and we've brought in 60,000 -- 60,000 people have left their homes from as far away from california and all around the country to come east here to sit in staging areas throughout the storm to get together, to help to try and bring power back on. they're the unsung heroes. i don't know of any other industry that does that. >> what about these substations, which apparently are going to be a big problem. when can they get cleared up so the power can flow? >> that's another thing. when substation gets flood
of water, the economy has to keep going, and there is potentially, meacham, some sort of symbolism as well. they're grappling with that in other towns and communities up and down the east coast are probably dealing with similar types of decisions as they try and move on. >> it's phenomenally complicated. >> really complicated. >> at what point do you show you're strong, restill yebzisil. >> no better way. >> the debate about what should be done after the attacks 11 years ago. it was the same kind of tension. and i'm not sure what i would do. i'm glad it wasn't my decision. i understand folks who feel this way. >> the marathon is an extraordinary amount of resources. and i think they really need to make sure, particularly staten island, they're doing everything they can for those people before they have this big display over the weekend of law enforcement and all sorts of resources to put this thing on. >> if there was a symbolic action, there's a huge amount of corporate money that goes into the sponsorship of the marathon. if they were to cancel the marathon and all the corporations that
on families and worried about the impact on our first responders. i'm worried about the impact on our economy and on transportation. you know, the election will take care of itself next week. right now our number one priority is to make sure that we are saving lives that are search and rescue teams will be in place, that people are going to get the food, the water, the shelter they need in case of emergency, and that we respond as quickly as possible to get the economy back on track. >> and, of course, the election now, it is tuesday, the election is now one week away. the president has cleared his campaign schedule for tomorrow to deal with the after-effects of sandy. we had originally heard that mitt romney would not be campaigning. now he will be holding an event in ohio, which they are calling storm relief event. i don't have any much further details on that. but, again, obviously this has taken not just a toll in terms of lives, in terms of costs of lost businesses, of the damage that has been done, but there are these huge political implications a week before the election a lot of early
the impacts on the consumers in those areas and it will trickle down into the economy almost without a doubt. >> i guess if you have a storm sitting right over you, what is it supposed to sit here for 36 hours or something? what does that mean in terms of rainfall? >> probably five to ten inches of rain. lots and lots of wind across the trees which still have leaves on them. they come down, power is out and then we have gridlock and everything is shut down for maybe more than several days. >> you remember last year the snow that we had. >> snowtober. >> the leaves were on the trees. i've never seen more branchs down. i would think snow on leaves would cause more power outages than wind. is that -- are there going to be just as many incidents? because the guys that had to repair stuff last year, they were repairing stuff for two weeks solid. >> and the tree guys, you still couldn't get an appointment. >> and every branch fell and wind, a lot of the leaves are falling, i'm telling you, they're falling. so a strong wind will bring most of them down anyway, won't it? >> the difference here, it's
gives you the power of a v8 with the highway fuel economy of a v6. incredible! right? an amazing test drive. i agree. [ male announcer ] it's chevy truck month. just announced additional $750 bonus cash on a 2012 chevy silverado all-star. trade up to get a total value of $8,750. bonus cash ends october 31st. >>> all right, welcome back, amtrak northeast service cancelled tonight at 7:00 p.m. eastern time. then in new york, mandatory evacuations are underway in zone a areas, including staten island and the rock aways. let's bring in meteorologist chad myers to talk about zone a, a lot of folks maybe don't even know they live in zone a, mayor bloomberg making it very serious, saying we're cutting off hot water and heat in those areas. there's the jfk then we start battery park city, all the way up manhattan and up the hudson to the east river here. we're talking just up the east river and downa little farther is the red book, these are all the low-lying areas that will be inundated with the expected surge and then across staten island. watch your stuff there, and there, even with zone a
first responders. i'm worried about the impact on our economy and on transportation. the election will take care of itself next week. right now, our number one priority is to make sure that we are saving lives, that our search and rescue teams are going to be in place, that people are going to get the food, the water, the shelter that they need in case of emergency and that we respond as quickly as possible to get the economy back on track. >> now, the president has signed a disaster declarations for some nine states, including the district of columbia. the president continues to get briefings from john brennan, some by papers, others in the situation room. during the president's remarks, he wanted to make clear to those in the impacted areas, they should heed those evacuation warnings because if those first responders have to come back and rescue them at some point, it could put their lives in danger. >> dan, thanks very much. >>> mitt romney is rearranging, cutting back on his campaign stops because of the storm. but he did go to a rally this afternoon in the all-important swing
-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. >> gretchen: fox news alert. looking at live pictures in new jersey, 10 homes are on fire and the flames are spreading. you can see flames are coming out of the sand at this point. it is believed that a gas fire of some sort may be to blame under the ground. that is not yet confirmed. this is in new jersey. 10 homes may be on fire post storm. we'll keep you updated. >> it looks leak a gas main there. mother nature slams the state of massachusetts. they managed to escape the full fury of sandy. they are live in massachusetts with the latest. good morning, katherine. >> good morning, we are here in weirham. this is one of the last communities you cross into before you go to the cape. residents said they made it through hurricane sandy unscathed. but look at this here behind me. yellow caution tape and power lines are draped across the street and falling on to the pavement. this is the scene in various spot fist warham. there was a sudden and severe storm that came through here on tuesday night and cause water and
, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> welcome back, everybody. the eyes of the nation have been watching the aftermath of hurricane sandy. president obama hasn't been campaigning since saturday but today he has three stops planned in wisconsin, colorado and nevada. and mitt romney has events planned in virginy today. let's start with polls. i think that's the best place -- actually, let's start with the campaign. do you think it's too soon? we've been showing pictures of destruction, especially in new jersey. is it too soon to start campaigning? >> no. i think that it's appropriate to get back out and campaign. soledad, all of us, our hearts and our thoughts and our prayers are with those that have been devastated and certainly those of us in tennessee have great empathy for what they're going through because of the 2010 sludge that we endured, the thousand-year flood and billions of dollars in devastation and we already have tennessee volunteers with the american red cross that are in new jersey on the ground, helping and certainly more are en