about balloons in your entire life? now! yeah. i m a big balloon in those, yes i will frequently send people bouquets a balloons, because a leveller, but i do not think i would be talking this much about balloons on primetime television. well your fatten for the top i came across! so i appreciate that. i know more about balloons than i did an hour ago. [laughter] thank you very much. alex see an. expect you to rally. all right, remember when we said that corporations are people? yeah, no! you know who our people? people are people! workers are people! people who need jobs to pay rent, to buy food, to get diapers. and tonight, three years after commit a nosedive, that people are able to find jobs to do all those things again. here s today s blockbuster jobs report for january: 517,000 net new jobs were created. i ve been in the business for a long time. i ve covered the economy. that s a lot of jobs! that s nearly triple the number of drives that economists p
i did an hour ago. [laughter] thank you very much alex, see you next week. you too, ali. all right, remember when we said that corporations are people? yeah, no! you know who our people? people are people! workers are people! people who need jobs to pay rent, to buy food, to get diapers. and tonight, three years after commit a nosedive, that people are able to find jobs to do all those things again. here s today s blockbuster jobs report for january: 517,000 net new jobs were created. i ve been in the business for a long time. i ve covered the economy. that s a lot of jobs! that s nearly triple the number of drives that economists protected and it far outpaces the average monthly job growth through a solid 2022. on top of that, the borough of labor cities is part of the department of labor, they really stated today that show the job growth for nearly every month in the past year was stronger than originally estimated meeting hundreds of thousands more jobs were create
at how the war in ukraine is shifting global alliances. and at the oscars, it s in your a clean sweep for the sci fi from everything, everywhere all at once. welcome to world news america, in the uk, on pbs, and around the globe. we begin tonight here in the unites states, where president biden has said americans should rest assured that the us banking system remains safe, after the failure of the california based silicon valley bank. markets wobbled as regulators tried to contain the damage from the biggest us bank failure in 15 years. here s what the president had to say. thanks to the actions of my administration, americans can be positive their deposits will be safe. they will be there when you need them. small businesses who deposit their money will be safe in knowing they can pay their workers and pay their bills. hard working employees can breathe easy as well. let s take a look at why silicon valley bank collapsed. until last friday it was the 16th largest bank in the
determine the balance of power here in washington. joe biden is spending like a drunken sailor at every single opportunity. he just says yes. i ve stood up to democrats when they re wrong on this issue including, by the way yes? including the president. when the president decided to do something dumb on this and change the rules, you know, that would create a bigger crisis, i told him he was wrong. back to that in a moment. up first, strong new economic numbers and why they just might clash with how you feel about things right now. the government s monthly jobs report came out, 263,000 jobs were added to the economy in september. and you see upward revisions in the july and august numbers, too. unemployment falling to the lowest level in 50 years. 3.5%. the superlatives are plenty. 21 consecutive months of job growth. half a million more jobs now than in february 2020. wage growth up, too, but a little bit slower. americans going back to the office. in normal time
into bear market territory yesterday. economists predict the fed will raise interest rates again in another attempt to battle rising inflation. cnn business correspondent solomon is here with me now. this ppi report, why should people at home care about this? what s it matter for us? it s interesting because ppi doesn t get as much attention as the consumer price index, but it s really important because it s factory level inflation, what producers are experiencing, and we know what companies are feeling, we ll likely see a few months down the line in terms of consumer prices. even though we did see slight moderation in categories like food, the topline number is troubling because we know after friday s report that there were no signs of moderation, that there were signs of acceleration in inflation and what we have now with this report is a sign perhaps of more pain to come down the road. okay. so, now, tomorrow, expecting this big announcement. on how much, by how much t