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? this is big news. >>> former general electric ceo jack welch set off a firestorm yesterday sending out this tweet questioning the validity of yesterday's unemployment numbers accusing the administration of changing the numbers. mr. welch appeared on "anderson cooper 360" last night to talk about those allegations. >> i got a tweet out there that i stand by. >> right, but you don't, you don't regret -- >> i can't prove anything that they did anything to anything. >> in your heart you believe they somehow cooked the books? >> i don't really know. but i do know this. these numbers are implausible. >> but, you know, so many politicians these days are saying, you know, michele bachmann will say something that is not correct or not provable and say, look, i'm just asking the question. is it responsible to say, i'm just asking the question, but to say these chicago guys will do anything -- >> should have put the question mark at the end, like i did last night. a question mark would have been better at the end of that. >> so, you are kind of backing away from the chicago guys part? >> i'm not
cooked, were fixed. former ceo of g.e. >> jack welch. >> jack welch say they were fixed or something? >> he said definitely those guys from chicago they can't debate so they're cooking the books. >> bill: do you take that seriously? >> no. i do not take it seriously. i have to say jack welch gave us a good laugh because he he was serious. >> bill: welch believes these are bogus numbers? >> that's what he said. it's the kind of nonsense what's really book here. 50,000 they survey the establishment survey it's called services and government is about 150,000 there is a lot of volatility. people going around saying this hasn't happened in 30 years. >> bill: in your opinion though, there are more jobs being added pushed from full time into part time. they are younger, less educated. unskilled. lower paying. >> if you are working part time you come off the unemployment rolls, that goes into the unemployment rate. that's a legitimate thing to talk about this is important. 14.7% unemployment when you include the marginally attached to the workforce. that is precisely the same number as the p
two years in several decades during this recovery. >> you know, jack welch, the former ceo of ge, he tweeted this because he didn't believe these numbers. he tweeted "unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers." now, there are others who are suggesting there was political influence over the bureau of labor statistics that are driving these numbers, trying to make the president look good only a few weeks before the election. you're familiar with the economists, the statisticians who work there. what do you say to these folks who see some conspirator yal involvement out there. >> that's totally, totally insane. i'm friend with jack welch and i tweeted him back. i said, jack, i love you, but on this one you've just flat out lost your mind. there's an ironclad firewall with criminal penalties for anybody at the bls to have any kind of political interference or to release any of the numbers early. it's totally impossible to do that. you've seen all the reputable republicans that have worked with the bureau of labor statistics in the past
here. business pioneer jack welch basically calls these numbers into question. had this remark that he tweeted out earlier today saying, unbelievable jobs numbers. these chicago guys will do anything, can't debate, so change numbers. what do you say to that? even the white house though right now this morning reluctant to spike the football on this. in their statement saying it is critical we continue the policies that are building an economy that works for the middle cla class as we dig our way out of a deep hole. what is your response to those questioning the validity? >> that's really interesting because i happened to see one of those chicago guys last night. i was with david axelrod. i asked him what do you expect about the jobs numbers? he says, i really don't know. we're hoping it will be good. so, you know, it doesn't surprise me that romney supporters are now going to take this very good news for the economy and for americans and say somehow the books were cooked. they just cannot stand, and they haven't been able to tolerate any good news about the economy, that somehow -- they
honest tonight on the program. the tweet that launched a conspiracy, jack welch tweeted this morning about today's jobs nurl, quote, unbelievable jobs numbers. the chicago guys will do anything. it is a huge claim that of course set the political financial world abuzz. we're going the talk to jack welch live about it when he joins me at the top of the hour. also, tonight, how one woman's alleged lie working in a crime lab in massachusetts is calling into question, get this. 34,000 criminal cases. 34,000. people already being released from jail because of this woman's suspected fraud. it is an unbelievable story. all that and a lot more you need to know about the meningitis outbreak, two different scares. >> sounds like a great show. i hope everybody stays tuned. our fifth story "outfront", gunk. american airlines now says messy passengers are to blame for seats that came loose an at least three recent flights. the airline claims spilled soda and coffee gunked up a seat locking mechanism over time. the incidents forced the airline to take 48 boeing 757 jets out of commission for repai
an unacceptable situation. i think the president will concede that. >> jack welch has said today unbelievable job numbers, he tweeted. the chicago guys will do anything, can't debate so they change the numbers. is there any merit to the argument that these numbers aren't quite what they seem? >> i would be very cautious about saying that, piers, unless i had some kind of substantialation to it and of course, we don't want to sound like sour grapes over what is good news for america. somebody would have to show me the facts and then i would be glad to make the argument. >> do you think that either of these things, in the last 24 hours, barack obama's very lackluster, surprisingly poor debate performance, or these job numbers today, do either of them constitute in any form a kind of game change moment? >> i think the debate certainly does. americans watched those debates that may not watch the next two, that saw a mitt romney that was a direct contradiction to the hundreds of millions of dollars worth of attack ads, especially in swing states, that the obama campaign has spent painting mitt romney
there that are blasting jack welch should be doing their job and investigating the number rather than investigating what josh welch -- jack well were has to say. >>neil: in other words investigate how he came up with that snub? >>guest: this is like like the greatest expansion in history. the none came out of left field. someone has to explain. no one is explaining the number but to say, well, this is what we came up with. >>neil: sort of like the hotel scales that show me five pounds less than i know i am. i will buy that. i will stick with that. gary, always a pleasure. thank you very much. >>guest: my pleasure, thank you. >>neil: by the way, talk about a jump on the competition. this young lady was back flipping her way into the record books. it is true. but we have something we think you are going to flip over more. our coverage is thursday at the vice presidential debate live from kentucky, all kicking off at 4:00 p.m. eastern on fox and then we are back at it at 8:00, four hours nonstop coverage. where we end up, no one knows but it is exciting because you never know would will drop by as we gauge
not trust that number. :lou: what you do not want to do is pull a jack welch. he decided that this was a conspiracy of the chicago political thugs that run the country. megyn: unbelievable jobs numbers, these chicago guys will do anything. by the way, we have jack welch to explain that later on. :lou: that's exactly what you don't want to do. these numbers over the course of time, you should always be skeptical of those numbers. we should always be skeptical of anything government does. economic reporting is an inexact art and not always in science be one can i just ask your question? :lou: yes. megyn: unemployment is still very high. how are the american people doing? :lou: a sophisticated number, if you will, buried within the labor of statistics is the broadest measure of unemployment that is in the workforce, discouraged workers. that remains where it was last month, 14.9%. it is a sign that we are absolutely stuck where we have been. and that is a sincere shame. that means 23 million people remain in great pain and they are suffering as a result of an economy that is
is getting better. think of it. you know who says it's not getting better? jack welch. he'll tell me why in a moment. despite the rally since 2009, investors have yanked hundreds of billions of dollars out of the market. is there a lost generation of investors? can they come back in.
months now. the economic situation is getting better. >> i think it's the opposite of what jack welch was saying. we talk about jack welch and what he said and the conspiracy theory, but the thing is, he said given the economy -- >> that's not even what i'm getting at. >> people feel fundamentally better about the state of the economy. >> did i say i love jack welch? >> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very, very high, but those people are still looking. >> the u-6 number for those cognizant. >> coming up -- >> you're right. republicans are in the dumps. you're right. >> no, they're trying to pretend the numbers that they depend on when they
. >> all right. >> of course last week it was former general electric chief jack welch, alan west and right wing pundits making the allegation. we should remind viewers what got them so siexcited. until a few days guy conservatives were claiming all of the national polls, saying, they must have been off. the latest gallup tracking poll shows president obama's lead widening to five points again. today president obama was shoring up the hispanic vote just days before voter registration deadlines in 11 states. the president dedicated a moment to caesar chavez. >> where there had once been despare, geez ared dis/* dispare, caesar gave people hope. whether it was bet are work conditions, that was a reminder that we are all god's children. >> dedicating a monument to caesar chavez within let's bring in correspondent from magazine. ari, president obama is not taking his lead or strength from the hispanic community. he wants more. he is trying to really solidify this. play to his base. how smart a strategy is it? >> i think it is smart and i think what the president has to do right now is get out t
. i just wanted to show what jack welch's response was, it was a tweeted response that got picked up in the news where he basically said that the u.s. bureau of labor statistics apparently in conjunction with the chicago machine, right, the chicago guys will do anything. you can't debate, so you change the numbers. that's the idea, that that's what happened here, that these numbers aren't real. >> i was astonished when i first heard that, considering he used to be the head of this whole network and everyone -- >> shhh. >> that's amazing. the other thing is, that these jobs numbers, they destroy their big talking point of the republicans over the last eight, nine months that unemployment has not been below 8%. it's also falling into another one of their talking olympians, that hispanic unemployment is above 10%. now it's below, 9.8%. >> this was not good 7.8 but all of the subcategories were falling. >> in contrast to what mitt romney was saying on the clip, where people have left the job market, that is so not true. there are 418,000 people who have entered the job market. you can't
with numbers here. jobs numbers. a big supporter of your campaign, jack welch, sent out a tweet on friday after the unemployment report came out showing 7.8% unemployment, and jack welch wrote unbelieve jobs numbers. these chicago guys will do anything, can't debate so change the numbers. do you stand by this comment from jack welch? do you think that the white house cooked the numbers in the jobs report? >> well look, we're just going to talk about the facts. there's 23 million americans who are unemployed. they're either looking for a job, they are giving up or underemployed. if we just look at the numbers and take that for what it's worth, and i don't know that we have to say much more about whether the numbers have been cooked or not. >> the numbers are also 7.8% unemployment the lowest since president obama was inaugurated, correct? >> well, let's take a look at those numbers and take a little deeper look and say, for those who are not looking for a job any longer, they're not in the work place. they're not in the work participation. if you were to add those to those numbers, we'd have abo
are cooked, fixed. doesn't what's his name, the former ceo of g.e. -- >> jack welch! he said, the guys from chicago can't debate so they are cooking the books. >> do you take that seriously? >> no. but he gave us a good laugh because apparently, he was serious. >> he believes -- >> i think -- >> he believes that they are bogus numbers. >> it's when he said. it's the kind of nonsense eye mean, the last thing -- anyone should be looking at in these numbers is somebody cooking the books. what is really at work here, there are two survey, one of 50,000, they survey the businesses and they survey the households. the establishment survey as it's called of businesses and government is about 150,000. and the survey of households is about 50,000. so there is a lots of volatility. there are people saying, this hasn't happened in 30 years -- nonsense. e >> in your opinion, there are more jobs being added. but most of these jobs are part-time jobs itch they are part-timions, people who have been pushed from full time into part time. they're younger, less educated and unskilled so they for lower payin
, and some republicans, jack welch and others, have questioned them quite openly which most people find a little bit too far even by political gun slinging standards because these figures are widely accepted as being accurate. >> especially when they have to adjust them down, right, in the aftermath of earlier reports. >> also, assume the republicans were to win in november, they would be saying these figures are accurate when they come out under their watch. i think we should part that to one side. 7.8% is crucially under 8%. so whether barack obama wants to make too much of a big deal of this or not, the reality is it's removed one of the big sticks the republicans were beating him over the head about, which is hey, look, it's still over 8%. not anymore. >> right. as the president said today, we're moving in the right direction. we're not there yet but in the last year, we've seen that unemployment rate drop 1.2%. we haven't seen a drop like that in nearly 20 years. so that's good news. i think what it reflects is it's consistent with what we've seen in other polls recently that show
rothman. former general electric chief executive jack welch has resigned from fortune magazine. we took to the twitter account and the bureau of labor statistics boosting their latest jobs report to president obama's chances for reelection. investors bullish after a ratings downgrade. goldman sachs cut the company's ratings to sell with a $5 price target. it is overvalued giving deep liquidity and meager returns. the bearish town on wall street continues following a week forecast since global economic growth. investors are bracing for possible disappointing earnings season which unofficially kicks off with out, after the closing bell. that is the latest business from the fox business network giving you the power to prosper. tracy: when it is cold and dreary do you dream of running along the beach or through the california mountains? jeff flock getting a sneak peek at technology that takes you there. >> amazing what they do with treadmills. take a look this. you can watch tv on the treadmill and play a game or something like that but here they have developed a program that enables you wi
. >> christy, some of the attacks from conservatives, such as jack welch, saying they don't believe the numbers. they believe the books are cooked essentially. explain the process of how we reach these numbers today? >> there's spin, and then there are conspiracy theories, and the spin, which is valid, if spin can be valid, is that, you know, look, you still have only 114,000 jobs created on balance. anha's -- you know, you th ty pu together. right? one of them is a survey of people at home where you call anthpele s yes or no and explain how. the other is a survey of employers where they ask are you hiring? that's where the 114,000 number comes om114,000 number might not catch everyone who is working part-time from home or just working part-time or doing some kinds of contract work, so that's why sometimes thercran bwe no, they're noin t bt of bls cooking the books for some political reason. i would bring this one point, suzanne, if they were, wouldn't they have done that after the president gave his speech in charlotte? instead he gave a speech in charlotte, and it was a bad report the next d
come from, the underemployment number. jack welch took a look at these numbers. remember, thereof a surge in employment like we haven't seen in 30 years that was announced on friday. jack welch says, unbelievable jobs numbers. these chicago guys will do anything, can't debate, so change numbers. do you think they changed the numbers? >> i do. i do. and i think that they did a lot of those -- a lot of monkey business. i'm telling you n a month and a half from now, they will do a readjustment like has been happening for the last year and a half. they will do a readjustment and the number will be 8.2 or more. again, the 8.2, it's not a real number because people that are out of work aren't considered unemployed. >> steve: we get that. but if you're making the allegation that this administration is monkeying with the numbers to make them look good, that is very damning. >> everyone knows he didn't want to lay off certain workers in certain categories and that's been well documented and well reported that he didn't want to lay off certain workers in certain categories until after the e
that were made by jack welch. here is a tweet on that -- host: he is referring to comments made on twitter earlier today by jack welch, who said clear this morning that the unbelievable jobs numbers -- of those chicago guys will do anything, the cannot debate so the change the numbers. that is from jack welch, the former head of general electric. that was on his twitter feed from earlier today. that is reported on a bloomberg and elsewhere. we're waiting for mitt romney who has a rally said in abingdon, virginia. we will take you there when it gets under way. the president making his way to cleveland state university for a rally there this afternoon. we will have that live at 2:30 eastern. that will be live at c-span.org. what you think about the jobs number and the presidential race? caller: it is good, a big deal. the guy from tennessee, he does not know what he is talking about. right now, we have to come together. this is big news. not republican, not a democrat. this is for everybody. i do not understand why they talk obama this, obama that. this is good news for everybody. host: are
and significant decrease in the unemployment rate. jack welch, he went to as far to suggest that the numbers may be manipulated by the obama administration. do you think that the numbers add up? >> i think the suggestion that the numbers was cooked is relatively ridiculous. that being said. economists at the labor department will admit freely that there is a lot of margin of error in these numbers. a month after each job report these numbers are revised upward or downward. the question of the number came out of the household survey, 800,000 plus number, there is a lot of margin for error, possibly as much as 400,000. that is admitted by folks within the labor department, as well. i think you can't get too hung up on the overall numbers because typically these are revised upward or downward. that tends to happen a month later when we stop paying attention. >> heather: what will the numbers do in terms of swaying voters' opinions, specifically undecided voter? do you expect to see a change in the polls as a result of this? >> it's a tough question. i generally think the jobs reports do not move as
on the jack welch tweet. >> you wonder why institutions in this country are the perception of institutions in the country are failing because people go on tv and make stuff up. ask for the evidence and he said he had none. >> we continue to make progress. 31 consecutive months of private sector job growth. certainly we are not where we want to be. >> many analysts who combed through the unemployment data released attribute the decline to a big increase in part-time work. people looking for full-time jobs unable to find them and they are settling for part-time jobs. there were some 582,000 new part-time jobs created last month. the bureau of labor statistics categorizes the number as "part time for economic reasons." not exactly a vote of confidence in the state of the economy, shannon. >> shannon: all right, doug. a lot more on the numbers. we will break them down later with ben stein, well known economist and author and humorist as well. we might need a little bit of that. thank you, doug. is the lower unemployment number going bolster president obama's reelection bid or be ammunition for
jack welch said the government tweaked the numbers on purpose to help the president. the unemployment rate dropped to 7% to 8% from 8.1%. officials from the bureau of laib statistics say the numbers are almost impossible to manipulate. general electric is the minority share holder of nbc. >>> a nail polish company with facilities in maryland is set to layoff more than a hundred people at the end of the year. simple colors owned by revlon is closing the beltsville facility and the company said it would be eliminating 250 jobs as part of a global reorganization. >>> good news for a metro rider this weekend. you don't have to deal with too much track work. crews will only be working on two lines. on the red line trains will single track between judiciary square and fort totten. on the orange line trains share a track between stadium armory and cheverly. the work continues on monday because of the holiday. everything should be back to normal tuesday morning. now to the future of metro and its new fleet of train cars. the transit agency released this video complete with l.e.d. screens and

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