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CNN Live At Daybreak

January Jobless Report Expected at 8:30 Today

Aired February 01, 2002 - 06:50   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: We have to go live to New York now.

Jennifer, do you have a prediction on the game?

JENNIFER WESTHOVEN, CNN FINANCIAL NEWS CORRESPONDENT: You know I don't because I see you're going to write it down and get me for it.

COSTELLO: That's right. I've written -- I've written Buddy's score down. Come on Jennifer, the Rams or New England?

WESTHOVEN: I'm going to have to go with New England.

COSTELLO: New England, the underdogs.

WESTHOVEN: Yes.

COSTELLO: What do you think the score will be?

WESTHOVEN: Lived around there, you know.

COSTELLO: What's the score going to be, Jennifer? Come on, take a chance.

WESTHOVEN: All right, ...

COSTELLO: You want to go with Buddy?

WESTHOVEN: ... how about ...

COSTELLO: Go ahead.

WESTHOVEN: ... 24-17?

COSTELLO: 24-17, OK. Go on with your business report now.

WESTHOVEN: All right.

Big economic report this morning and actually it could hit home with a lot of Americans more than most other reports, that is the unemployment rate. On Wednesday, the Federal Reserve sounded optimistic about the economy, but analyst still think joblessness increased a little bit in January and that is because hints of recovery from the recession doesn't mean that businesses want to run right out and start hiring again. The rate in December, 5.8 percent. The Fed's comments and some surprisingly good profit reports are keeping Wall Street in a good mood. The Dow Jones industrial average up more than 300 points in the last two sessions. That eases some of the pain from earlier in the week when nervousness about corporate accounting sent stocks skidding.

This morning, futures are pointing to a somewhat slow start for the market. And by the way, we will have that January jobs report later this morning. It is due out at 8:30 Eastern time -- Carol.

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