Video: Will the jobs report be released on time?

>>> welcome back. in the past hour we found out the new york stock exchange will re-open tomorrow after being closed for the past two days as a result the of the damage caused by sandy. in the meantime the storm could delay the release of the final jobs report before election day . the labor department officials say they're hopeful they can release that final report as scheduled on friday. cnbc's scott kohn joins me live from lower manhattan .

>> the better news is the stock exchange will re-open tomorrow?

>> reporter: that's right. that was important for the a number of reasons. the new york stock exchange hasn't closed two days in a row for weather since 1888 . they do not like to close the exchange for an extended period ever. the other issue is tomorrow is the last day of the month. it's very important that they get trades in at the end of the month. it's also the end of the year for some entities, so they need to be able it to trade. they moved heaven and earth to keep the exchange open. the building remained dry and had power, but the question is whether the firms would be able to operate and people could get to work. that's still a little bit of an issue here, but at least there will be a market open during regular normal trading hours tomorrow, and that is key.

>> and, scott, the labor department released earlier today indicated they plan to go ahead and release the numbers on friday as scheduled. is there any new information from that point?

>> no, that's the expectation. it would have been pretty extraordinary for them to delay it, and it looks as though they will get the numbers out there. we should point out that the disruptions from sandy from this week will not be included in the jobs -- the october jobs report that comes out on friday because they do the survey earlier in the month. in other words, it would have been done last week. you will see some impacts from all of this going forward, and certainly next month on the jobs report. but the expectation now is that it will come out on schedule, 8:30 eastern time on friday morning and not affected by sandy early in terms of the numbers or the title.

>> thank you very much. we're following breaking news. president obama as we reported the at the top of the hour

Source: http://video.msnbc.msn.com/newsnation/49612266/

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