world. i m wolf blitzer and you re in the situation room. we begin this hour with very encouraging news for the u.s. economy. and for the biden administration. tonight the president is seizing on the much better than expected jobs report as he caps a week of unexpected successes. here is our white house correspondent jeremy diamond. today we received another outstanding jobs report. reporter: tonight president biden hailing another strong jobs report and promising more relief to americans struggling with stubbornly high prices. today there are more people working in america than before the pandemic began. in fact, there are more people working in america than at any point in american history. reporter: the unemployment rate dipping to 3.5% as the economy added 528,000 jobs last month. bucking expectations and tamping down fears of a recession. but the strong jobs report will do little to beat back inflation. americans number one concern. i know people will hear
su semiconductor plant. the other stop is japan. but as biden makes the rounds, there is also growing concern over what north korea might do next to rattle the saber. the united states preparing for the distinct possibility that kim jong-un would conduct a missile test, an icbm, in coordination with biden s trip. wouldn t be the first time he did it. more on that in a moment. let s begin in seoul, south korea, cnn s jeremy diamond is there. tell us what the biden administration hopes to accomplish on this trip, both in south korea and japan. reporter: well, jim, president biden has arrived here in south korea at a moment of extraordinary tension as the potential for north korean ballistic missile tests looms large over the president s trip. we have learned according to an official familiar with the intelligence that south that north korea appears to be taking steps to fuel an icbm, which would be one of the final stages before a launch. really raising the stakes and the p
top of a brand new hour on cnn newsroom. goold good to have you with me. i m victor blackwell. plunging stocks, rising prices, recession fears. the s&p 500 entered bear market territory, dropping 20% from recent peaks. one bear market in the last 50 years was not accompanied by a recession. cost of living keeps rising, home prices are driving rents to a high. 17% from last year. gas prices are soaring. the national average, 4.59 per gallon, $0.30 more to fill up the tank than the day before russia invaded ukraine. let s start with the s&p 500 now into bear market territory today. what could that mean for the economy at large? well, victor, this is a flashing red light about the u.s. economy. if the s&p 500 closes below 38 s 38.37, and you can see it s trading just above there, if it closes below, it s officially a bear market, a 20% decline from previous highs. this would mean that the bull run that began in late march 2020, would be over. this is a big deal because bear ma
Are having a very difficult time reaching the site Nic Robertson is tracking this story closely and joins us now with the latest. Nick. Now some 12 hours later, what do we know . Confusing and conflicting information. Jessica, from the irans Elite Revolutionary Guard Corps in Eastern Azerbaijan province right up there are northwestern iran. They said just a couple of hours ago that they had a signal from the helicopter they go out and got a Cell Phone Signal picked up from the helicopter as well that they knew where it was. But now we understand from their head of irans red crescent their equivalent of the red cross they dont know Rescue Workers do not know at this time whereabouts that the helicopter is the government and the president of the country the calling on people to pray the Supreme Leader rather calling on people to pray for the president at this time irans government, asked people to pray for their president so they did for hours, faith and the hope he survived or mountaino
Pamela brown in the situation room. Ukraine reports significant damage from a massive and deadly russian attack while also claiming it struck a major blow to mass cow by killing the commander of russias black sea fleet. Well get an assessment from key white house official john kirby. Senator bob menendez speaks out for the First Time Since his indictment on Bribery Charges, defiantly rejecting fellow democrats calls for him to resign. Donald trump is ramping up his appearances in key battlegrounds as hes set to skip another republican primary debate. Stand by for a new snapshot of the 2024 raisin colluding a Swing State Showdown between trump and President Biden this week. Welcome to our viewers in the United States and around the world. Wolf blitzer is off today. Im pamela brown and youre in the situation room. We begin with ukraines claim that it has killed the commander and other officers in russias black sea fleet, potentially crippling the kremlins naval forces. Kyiv now accusing