This is CBS Island the World. I'm John Batcheler.

Wall Street Journal. Jobs slow down hits stocks, fuels bets on bigger rate cut.

Dow drops hundreds of points. Investors worry about weakening economy.

There's also a line on the Wall Street Journal. The traders love this.

Jobs slow down will ignite debate over half- point cut. I welcome Gene Marks

who's not anxious about anything. He reports on small business which is

America. The business of small business is America and we're looking at small business. There always is ahead of where we're going.

They always know before markets, no. Markets are nine months, I would say the crystal ball that Gene commands is as far ahead as you

want it to be.

Very cautious small business.

And we're going to begin with the jobs report today that

showed a softening economy. Gee gene what a surprise wonder where they found

this idea.

A sombing economy. The Federal Reserve is now being yelled at.

We're not going to yell at them.

We saw this coming for quite some time.

So what are we going to do?

Yeah, we've been talking about this for a

while haven't we? I was beginning to think you know you know it better do something

well I did it they did it they soften the market now why because the cost of money is the highest in decades what is to be done good evening to you jean

janya yeah we're we're seeing what what we would I've been talking about over the past few months. I mean the data coming from a lot of small business

surveys and reports that I read and been reporting on as well as my own client base has been showing a

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