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noticeably higher a year ago, it was at 3.5%. the black unemployment rate that s moved up even faster. the rate that workers are quitting their job, and getting hired has gone down. now by, no means, am i saying the jobs market is imploding it s not but cracks have clearly emerged. fed chair jerome powell, he acknowledged as much yesterday telling lawmakers that the jobs market has quote cooled considerably. and he said, inflation is not the only risk we faced. that s why investors on wall street, they re betting and the fed is going to dial back that inflation fighting medicine by cutting interest rates. the market is pricing in a 73% chance of a rate cut not in this next meeting, but the one after that, the one in september now, economists, m talking to are warning the fed not to wait any longer than that. moody s economist mark zandi, he told me, quote, the biggest danger is a policy mistake that the fed keeps rates too high for too long right now, the fed is signaling a
announcements from democratic party activists and members of congress, any of it getting to the white house bunker lead starts right now the headline of the day comes from hollywood heavyweight and major democratic fundraiser george clooney. he s saying he loves joe biden, but the democratic party needs a new so nominee and mr. clooney is far from alone, who else is calling on biden to step aside in the 2024 race while others so fresh seeds of doubt was brand new on the lead, fraudulent electors from 2020 set to have real jobs as delegates and next week s republican national convention, the new face or faces of the gop ahead and new video of actor alec baldwin pulling a gun in a rehearsal. the evidence just unveiled as the criminal trial against him for involuntary manslaughter gets it s underway in new mexico welcome to the lead. i m jake tapper and we are starting in the 2024 lead as the floodgates against joe biden s continued candidacy appear to be opening a bit. the da
it. no phone call need to keep up. thank you. verizon business. now, our businesses get fast and reliable internet from the same network that powers our phones. so whatever when we re young, we re told anything is possible. .but only a few of us go out and prove it. witness the greatness of anna hall on a connection worthy of gold: xfinity mobile. only xfinity gives you the most powerful mobile wifi network, with speeds up to a gig in millions of locations. and right now, xfinity internet customers can buy one unlimited line and get one free for a year. get the fastest connection to paris with xfinity. manu raju s on capitol hill. this is cnn it s tuesday, july 9, right now on cnn this morning, president biden refusing to exit the race as the administration struggles to explain why a parkinson s expert visited the white house he times in eight months it doesn t matter how angry you get with me. i m not going to confirm a name. it plus why donald trump is keeping a
producer on this movie set, saying he was responsible for a culture of unsafe practices on the set. the judge ruling that he will not be focused on as a douceur. now, what the jurors will have to grapple with here, kate is on one hand, it can still be criminal for someone to be engaged in an accident. but on the other hand, is an actor response so if someone hands them a gun on a movie set and tells them that it s empty. is there criminal liability a jury will decide jury selection starts here just a short time from now, kate josh, thank you so much. we ll be following it very closely for us. appreciate it and new hour of cnn new central starts now resident, biden facing one of the biggest tests of his presidency today, and he won t be in the room. house democrats meeting next hour on biden s political well future as some of them call for him to withdraw from the race and breaking overnight at least eight people have been killed since hurricane beryl slammed into the u.s.