But i think that the idea now is that we have to hit back hard, we have to hit back strong if were going to finally put this dual crisis of the pandemic and the economic pain that is engendered behind us. With respect to larrys point, one thing is just wrong, which is that our team is dismissive of inflationary risks. Weve constantly argued that the risks of doing too little are far greater than the risk of going big. Providing families and businesses with the relief they need to finally put this virus behind us. Second, i want to quote fed chair Jerome Powell who strongly reiterated this view the other day, i think it was just a week or so ago, that inflationary risks are also asymmetric right now. Im much more afraid of people losing their careers and life that they built because they dont get back to work in time. Im more concerned about what that will do not just to their lives but to the American Economy. Im more concerned about that than which exists with higher inflation. In our
frankly the headline number, matt, is a big one here. also it shows healthy growth in several sectors of the economy. yeah, jim. this is blockbuster growth. and it is pretty remarkable. this number is going to go a long way towards shutting down this idea that the u.s. economy is already in recession. to be adding more than half a million jobs, in a month, at this stage of the recovery, is pretty impressive. let me give you some context around this 528,000 job figure. this is twice as much as the consensus from economists. not only that, but it is 200,000 more than even the most optimistic forecaster had pencilled in. two big milestones that came out of this report, the labor market has now fully recovered all of the jobs lost during covid. total nonfarm payroll is back to february 2020 levels. the unemployment rate is now down to 3.5%. that matches the half century low set before covid. again, none of this suggests an imminent or ongoing recession. but here is the problem,
(burke) that s not wrong. when you bundle your home and auto policies with farmers, you save yourself up to twenty percent. (customer) that s something. (burke) get a whole lot of something with farmers. kinda creepy. we are farmers. bum-pa-dum, bum-bum-bum-bum our top story tonight, the mar-a-lago search warrant has been unsealed. investigators removing 11 sets of classified documents at trump s home, including one marked top secret slrks sci , one of the nation s highest levels of classification. the warrant identifies three federal crimes the doj is looking into as part of the investigation including possible violations of the espionage act, obstruction of justice and criminal handling of government records. i want to bring in fareed zakaria host of cnn s fareed zakaria gps. fareed, it s nice to see you right now. i would love it if you can try to help us put this into perspective here. you ve got an fbi warrant with all these different sets of secret documents incl
Hello, everyone, thank you for joining me. Im fredricka whitfield. There is a new town of talks between striking auto workers and representatives from two of the big three carmakers. The strike is now entering the third full day. Todays talks are expected to be with ford and General Motors. The uaw said it had, quoting now, reasonably productive talks end quote, when it met with ford yesterday. And for the first time ever, workers are striking at plants from gm, ford and stellantis all at the same time. Workers want big pay raises and other benefits after years of concessions during rough times for the industry. The carmakers say despite big profits in recent years, the raises being demanded would drive them out of business. Cnns Vanessa Yurkevich is at a ford plant in wayne, michigan. Vanessa, what are we learning about the talks and whether anyone there on the picket line is optimistic . Reporter so ford and General Motors back at the Negotiating Table with the uaw in detroit. Stel y
Ordering House Committees to open a formal Impeachment Inquiry into President Biden. Hes accusing the white house of A Culture Of Corruption. Even members of his own seem to be divided on this decision. Plus, 19 defendants in one courtroom on trial all at once. How can you make that work . Fulton countys District Attorney facing a deadline of today to explain to a judge how she plans to make it happen. At the same time, lawyers for former President Donald Trump are fighting the case trying to get most of the charges against him thrown out. And armed and dangerous. In pennsylvania, police hope theyre closing in on a missing killer, but after a sighting overnight and a standoff with a homeowner, they now know he has a rifle with a scope. Theyre warning people to stay inside as they mobilize some 500 officers to hunt him down. Were following these major developing stories and many more all coming in right here to cnn news central. Another bitter chapter has kicked off in washington. House