that does it for us on this friday morning, ana cabrera picks up the coverage right now. happy friday. so glad you are with us. it s 10:00 eastern. i m ana cabrera reporting from new york, and it may be friday, but there s still a lot of news this morning, including big economic shifts. we just got the april jobs report, and instead of the decline economists expected, unemployment numbers ticked down. the unemployment rate is 3.4%. jobs were added, many more than expected. that is some good news, but with interest rate hikes, banking turmoil, layoffs, and store closures, how do you assess the state of the u.s. economy? former new orleans mayor mitch landrieu who s also a senior adviser to president biden will join us. plus, a judge could hand down a record sentence for a january 6th rioter today. how long that defendant could spend behind bars. and we re following reaction to the historic verdicts against members of the proud boys. what does it all reveal about the
that does it for us on this friday morning, ana cabrera picks up the coverage right now. happy friday. so glad you are with us. it s 10:00 eastern. i m ana cabrera reporting from new york, and it may be friday, but there s still a lot of news this morning, including big economic shifts. we just got the april jobs report, and instead of the decline economists expected, unemployment numbers ticked down. the unemployment rate is 3.4%. jobs were added, many more than expected. that is some good news, but with interest rate hikes, banking turmoil, layoffs, and store closures, how do you assess the state of the u.s. economy? former new orleans mayor mitch landrieu who s also a senior adviser to president biden will join us. plus, a judge could hand down a record sentence for a january 6th rioter today. how long that defendant could spend behind bars. and we re following reaction to the historic verdicts against
environment, compared to the fear and dread and loathing of 2008 and 2009. there isn t much of that out there. it s a high class problem, but then again, the fed has taken rates up a whole five points since march of 2022, and that is whiplashing. that is a tremendous rate of change and a lot of banks got caught behind the ball in this case, and you re seeing people having to fess up. that by itself is creating some sort of parallel tightening to what the fed is doing. is the fed going to consider that? already people in the bond marketing wondering when, not if we re going to have interest rate cuts. we saw the markets liking today s jobs report. that s up for now as well. robin farzad and brian chunk, thank you both so much. just ahead i ll talk with mitch landrieu, a senior adviser to president biden about the state of our economy. let s fast forward for just a moment. this afternoon a federal judge could set a record for the longest prison term for a january 6th defendant, we re t