alec was very talented and 70 years old. baby formula is back online at the abbott plant in sturgis, michigan. families are still struggling to find this product on store shelves. abbott says it is focused on the hyperallergenic formula for babies who can t tolerate other milk products. the first batch is expected to be available june 20th. similac and other formula made at that facility will take a bit longer to become available. let s get a check on cnn business this monday morning to start your week. looking at markets around the world. gains across the board here. so asia is closed for the day with gains. europe has opened higher, solidly higher for london. stock index futures also moving higher this morning in the u.s. it was a down day on friday for u.s. stocks. the jobs report, the u.s. jobs report was strong. it beat expectations by a wide margin. that s because investors were worried the tight labor market
this is historic progress, pulling our economy out of the worst crisis in a hundred years. driven in part by our dramatic progress in vaccinating our nation and beating back the pandemic. as well as other elements in the american rescue plan. none of this happened by accident. again, it s a direct result of the american rescue plan. and at the time people questioned whether or not we should do that, even though we didn t have bipartisan support. well, it worked. katherine is a cnn economics and political commentator and a columnist for the washington post. great to have you here. so, great jobs numbers for june, but you say not time to pop the champagne yet. the overall number is good. it beat expectations, and it s an acceleration in hiring from previous months. the one thing that gives me pause is the number of people who were in the labor force. so, meaning, people who are either working or actively
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role a special prosecutor, that investigation and that grand jury were already looking at michael flynn. he s taken over all of that and he s working with a new grand jury. i don t think you can rule out that michael flynn is not part of this inquiry. rick: 16 attorneys have not been put on this molar case mueller case. what does that tell you about this? it tells you this is a very serious investigation and as you pointed out before, it s going to be going on for quite possibly a long time as they dig deeper. it s a sign that they are really working hard to get to the bottom of all this. rick: we ve got july s job numbers and they ve been pretty good. 209,000 jobs last month, that s enough to bring the unemployment rate down to 4.3%. what do you say about that? it beat expectations, a really solid performance, we are staying above at 200,000 level and we ve seen we just start to come up this month, so all in
months, which is he has sort of signaled that, yes, it might have happened. he said, what can we do if patriotic russians decide to take matterses into their own hands and try to help russia, which is interesting because it s suggesting that helping trump win would help russia. so he may have a slightly different position. i think putin with these kinds of things with the cyberwar and hybrid war that he calls it and he did that in ukraine, likes to have it both ways. he wants you to know he can mess with you but wants to also maintain plausible deniability. and it will be interesting whether he decides to do anything like that with trump which is not to entirely deny it but not accept it either. we re minutes away from that meeting happening. we ll be watching for many more things. some of the policies and actual matterses they discuss. fareed, thank you. we have some breaking news here in the united states. the labor department released the june jobs report moments ago. and it bea