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Transcripts For CNBC Mad Money 20240712

Straight to the senior economics reporter for this. Steve, what are some of the reasons why we might not trust this data . I guess im starting off with a bias, because this seems like really good news when were just off a huge pandemic. I think a reason not to trust it is were in the middle of an historic economic shutdown and apparently on the upside of that shutdown and nobody has ever seen this kind of thing before we hadnt seen 20 Million People lose their jobs in a single month, and we really have no idea how the jobs would come back all of the other indicators we were looking at suggested there would be massive job losses. And it is well to put that into perspective. Remember the forecast was for minus 8. 3, came in 2. 5, so folks, you can do the math at home on both sides of the zero line it is nearly 11 million jobs is the number that the consensus was off by and wall street was off by it a bit too, if you dont mind my saying, they had a nice rally when they realized maybe we w

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