potential interest rate cut to help lower costs for consumers. a very good day to all of you. i m alex witt in new york in for andrea mitchell who is on assignment. in his second speech in as many days marking the 80th anniversary of the d-day invasion. president biden drew parallels between the threats faced by democracies during world war ii to those being faced by american interests and ideals today. believe in something bigger than ourselves. that s what every soldier and marine decided. they stood against hitler s aggression. does anyone doubt that they would want america to stand up against putin s aggression here in europe today? the president s speech echoed reagan s iconic address at the same location 40 years ago when he famously honored the boys, the american solders who gave it all for democracy, in one of the most d-day operations, 225 u.s. army rangers scaled normandy s 100-foot perpendicular cliffs under heavy fire to destroy nazi guns threatening ship
One number i want to highlight is wage growth. 2. 7 . I mean, its not terrible but you have to look at the environment. You have to look at the context here. In this stage in the cycle where were at near or full employment, meaning that every american who is either willing or able to get a job has one, weve seen wage growth between 3. 5 . This is a persistent problem to the administration. This speaks to how people feel. They want a raise. Overall, a very strong relatively strong report. Missing expectations, 157,000. The market isnt loving it because its below the trend weve been seeing so thats why the market isnt liking it. But 3. 9 . Its solid for two main reasons. This goes back to my point about context. One is that at this point in the cycle you would think that hiring would slow very significantly because we are at near full employment so you would think that actually you
would expect this kind of pullback. The other thing is it doesnt seem like tariff worries until this mornin
JOLTS (job opening data) had a massive surprise, three standard deviations below consensus estimates, the driving job openings to unemployed workers ratio back to pre-pandemic levels.
stage. tell us more about what we saw. reporter: right. like donald trump over the last seven weeks at the courthouse in new york, on many cold days, here was different, 113 degrees with events in a church and him where he is more comfortable, on a campaign stage in what was his first public campaign stop since his guilty convictions. he said immigration was the focus point for him. at one point, he referred to the executive action that president biden signed to address the border here as bs, but he said it in its full length, to which the crowd inside the church began chanting that word repeatedly. that s a sentiment and issue that s going to be at the forefront of donald trump s re-election campaign, clearly he urged members of the of congress to vote down the bipartisan immigration deal. for donald trump, calling up joe
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