labor secretary marty walsh coming up next. ♪♪ it's not some magical number. and it's not something we just achieve at the end. it's a feeling... of freedom to live our lives the way we intended. though the ups... ...the downs ...all of it. this is financial security. and lincoln financial solutions will help you get there as you plan, protect and retire. this is lincoln financial. ♪ ♪ there are beautiful ideas that remain in the dark. but with our new multi-cloud experience, you have the flexibility you need to unveil them to the world. ♪ ashley: let's look at facebook. let's bring in mark mahaney, still looking at facebook despite the controversy and negative headlines. make your case. >> investors will ask two questions. one, is this controversy going to cause users -- is a going to cause advertisers to pull budgets away? i think that is unlikely to happen. not like this company is a stranger to controversy. you had cambridge analytical, political boycotts last year. facebook has shown value proposition to consumers and advertisers is enough to offset

labor secretary marty walsh says the delta variant is holding the economy back. >> the hospitality number 74,000 job gained in that area. that was expected to be much higher. because of the delta variant, people saw less people going to restaurants. there's concerns around that. >> the fed has been preparing to slow its 120 billion dollars per month bond buying program. let's get straight to the floor show. we have david trainor, the ceo of new constructs and scott shellady. scott, let me begin with you. what do you make of the jobs report? do we have an accurate picture of the job market? if so, what the heck is it? >> i think it is more accurate picture of the job market. i mean i felt since august that the economy >> it is not slowing down because of the delta. they will hide because they don't make any misconceptions, that will be to have an excuse people quitting their jobs at the same time without we would start the economy and away we go, brown fire the first order we have 70% of people that have had one shot a lot of people have already had covid, what is the problem, when you mak

walsh pointing to the reason we need more government spending but as the president reversed course on economic policy from the former administration, and regulation on fossil fuels, cancel pipelines, band leases for drilling and federal lands the trend shows slowing of job creation, federal reserve chairman says 3 months is a trend, 366,000 and now 194,000. another problem the administration and federal reserve have, the fed chairman looks at laborforce participation and that is down to 61.6% on laborforce participation, the reason is 180,000 people left the labor force altogether, the labor secretary says more programs will fix it. >> a lot of people are thinking about work/life balance, talking about what is happening i talk to businesses, restaurants all the time and talk to workers all the time and lots of people i thinking wait a second. i'm looking at something new. that is why it is important to double down on efforts with job training, continue to work with states. >> reporter: we are waiting for comments from the president, they are delayed from the white house, the president

we will hear from marty the walsh, the labor secretary will be on "varney & co." if at 9:30. don't miss that because he will assess what this report tells us. he'll be stuart or's guest coming up in the next hour. meanwhile, joni, walk us through what you're seeing in terms of this impact. relate me just point out there has been a real market mover with this weaker than expected 194,000 jobs causing a reversal of fortune in the markets. we were rally aring about 80 points going into the number, now dow industrials are down 82 points. yield withs also inversing, s&p 500 now negative 3-4 points. joni. >> yeah. maria, you know, there's a couple of things that i do want to mention because we've talked a lot about the labor supply and the lack of labor that is willing to participate in the work force, but there are two other very big challenges for employers right now. number one, they're dealing with the mandates, and the vaccine mandates -- whether companies are choosing to do that or waiting for osha and the department of labor to see if they are going to mandate vaccines -- th