It was the ADP report. Host Martha MacCallum responded Plus, it was factored into the market that BarackObama was gonna win because it was pointing in that direction. But of course,according to the drivebys,these two events have nothing to do with each other. mean, it really all comes back to that. And the marketwas up considerably yesterday.On the edition of Fox BusinessNetworks Americas NightlyScorecard, Inc.
Were glad we know its him. It gets thatuncertainty out, because you at least you know where he stands . Its just acoincidence. Thank you, manchild Barack Obama.On the edition of Fox BusinessNetworks The Opening Bell, Fox Business Network vice president ofbusiness news Alexis Glickasserted I so did not believe thatthe market reaction over the past two days wasabout Obama. But,you know, one of the interesting things we sort of did news analysis theday after the election, and lot of entrepreneurs out there were saying,Look, were still sort of mixed on this, but were glad we finallyhave result.
It was the ADP report. JENNA LEE anchor Well, mean, its interesting towatch the reaction over here, Alexis, because again, when the numbers hit, it wasnt really much of reaction, and were seeing again the kind of selling picking up. It stayed there all night until that ADP Report came out,and thats really when the market fell apart. morning we walked in,we saw the Challengerand Gray numbers, we saw the ADP numbers, the weekly jobless claim numbers yeah, well, they were basically in line, but weknew two days that thiswas going to be abloody number.
Im sorry, guys. we were up points, todaywere down almost the exact same spot we were prior. Look, you know, lot of people are walking around saying they have Obama hangovers because they were out celebrating,but think what happened in the markets really is more tied to the broadereconomy and less so with Obama. But of course,according to the drivebys,these two events have nothing to do with each other. Its just acoincidence.
The big questionis, we talk about auto loans, we talkabout mortgage rates, were talkingright over here about banks actually dropping those rates to the consumers it doesnt matter if youdont have job. The markets down because of the jobless numbers. Thats how the drivebys see it. But,you know, one of the interesting things we sort of did news analysis theday after the election, and lot of entrepreneurs out there were saying,Look, were still sort of mixed on this, but were glad we finallyhave result.
