thank you for being with us tonight. my pleasure, thanks for having me reverend al. i joined you and president biden in relief that the nation has ever today default over its debt ceiling. senate majority leader, chuck schumer, says democrats managed to beat back the worst of the republican agenda. and president biden knocks another economic when, the u.s. added nearly 340,000 jobs in may. far exceeding expectation. still, 102 of your republican colleagues in both chambers, voted against a deal to avert an obvious financial catastrophe. as a former dnc chair, who understands party unity, you watched in the house as speaker mccarthy struggled to keep his conference from cracking up over the debt ceiling. what does that tell you about the next few years of governing,
official feel that president biden has shown that he is an experienced politician that can really make these essential type of deals in a bipartisan manner, while compromising potentially on policy, he s not compromising on his principles. so that s going to be a through line as we hear more from the president over the course of the weeks heading into 2024. last night what we saw is him really get the last word after weeks and weeks of debate, victor, rahel. jasmine right at the white house, thank you so much. the u.s. marked strong growth friday as wall street cheered the debt ceiling bill and the latest jobs report that shows the u.s. economy at an astonishing 339,000 jobs in may. all three major averages ending higher with the dow jumping 700 points friday to post its best one-day gain since january. despite job gains surging more than expected, traders see a growing chance the federal reserve will pause interest rates later this month. cnn s christine romans has more
economist at adp. good morning, nice to see you. good morning. nice to see you. so i noticed yesterday your adp national employment report was strong, it showed private sector employment up 287,000 jobs in may. it also showed pay growth for job changers might be slowing down a little bit. what does it mean big picture? big picture we re seeing a continuation of three patterns. one, the labor market is incredibly strong, it is fragmented. manufacturing actually shed jobs in our private sector report. leisure and hospitality again a big gainer. two, that this strength is really driven by small firms, large firms seem to be pulling back on their hiring. and, three, we re finally seeing pay growth decelerate meaningfully after moving sideways for several months over the winter. so an incredibly complex labor market right now. so we know that more than 250,000 jobs were added in
on the same day that the president got another very strong jobs report, beating expectations once again. 339,000 jobs in may, an upward revision of a significant degree in april. you put those together and there s a sense from officials that this would be a clear opportunity to talk about a very critical moment not just for the presidency, not just for the white house, but really for the country given the kind of free run in the months ahead. and for the economy. phil mattingly at the white house, please stay with us. we re going to get back to you. i want to bring in democratic strategist karen finney with pollster and strategist christian soltis anderson, both political commentators. thank you for being with us. karen, i want to start with you. tonight is going to be the first time that president joe biden speaks to the country from the oval office. what do you make in terms of the optics and what he s trying to deliver, and do you think that this will be something of a victory lap
and the dnc have been choosing to ignore. karl rove will react. we ll listen for questions at the white house when that begins. and the labor market added 339,000 jobs in may, but why are more ceos and economists predicting recession? we have a big friday show coming up as america reports top of the hour. they say you can t love anybody without loving yourself first but it looks like some women are now taking that age old saying to the next level. the practice of marrying yourself appears to be a growing trend among single women in america, and those that married themselves describe it as a way to affirm one sense of self love. two years ago i got married to myself.