The Twitter-24/7 Wall St. Market Report (9/3/2010) Unemployment

Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds.

24/7 Wall St. will look at the Twitter posts at Reuters Biz, WSJ, Financial Times, CNN Money, MarketWatch, CNBC, and 24/7 Wall St. each day to see which stocks.

CNN Money: Economy lost 54,000 jobs in August, due to decline in census jobs, U.S. says. Private-sector increases 67,000. Unemployment rate 9.6% $$

NYT: U.S. Economy Lost 54,000 Jobs in August; Jobless Rate Rose to 9.6%

MarketWatch: #Bernanke says he feared #Lehman collapse http://bit.ly/cLKmGj

Yahoo! Finance: Cisco Planning to Acquire Skype ($5B offered) http://yhoo.it/bxBe47 $CSCO $GOOG $$

DailyFinance: Do You Sleep with Your Cell Phone? Most Americans Do, Study Finds http://bit.ly/bPfAc2

Douglas A. McIntyre