state of our economy. good evening. the day started well enough for biden with a jobs report showing the u.s. economy adding 311,000 jobs last month. we created more jobs in two years than any administration created in the first four years. it s no accident. it mean our economic plan is working. but that good news was quickly overtaken by bad news that could get a lot worse. thank you. thank you. silicon valley bank may not be a house hold name. but it is a very big deal in term of lending to and financing operations of many leading tech companies. and today, it collapsed. struggling with high interest rates, unable to find a buyer. well, the very last time we ve seen a bank of this magnitude fell was in 2008. and, that could be a true indication of where our economy is at. now, the white house insists comparisons with the financial crisis of 2008 are overblown. our banking system is fundamentally different because of the changes that we put in place in 2008.
Announcer this is the cbs overnight news. Im elaine quijano. This is the overnight news. A Small Community in south texas was shattered by a deadly mass shooting inside a church. A gunman opened fire at the First Baptist church in Sutherland Springs about 30 miles outside san antonio. The pastors wife tells cbs news, their 14yearold daughter was killed along with many friend. The shooter is dead following a police chase. Omar villafranca at the scene. Reporter another mass shooting this one inside First Baptist church in Sutherland Springs, a tiny town of several hundred. The gunman dressed in black with a tactical vest, i denltified as 26yearold devin kelley parked his car at the gas station, crossing the the street and opened fire with a sporting type rifle on worshippers outside the church. Killing two, before entering the church where he slaughtered 23 others. Another victim died at the hospital. 20 others were injured in the attack. The victims ranged in age from 5 to 72. Texas go
And a free gift. All i did was make a phone call and all of my questions about the Colonial Penn program were answered. It couldnt have been any easier and we both got the coverage we should have had for years now. Mmhm, with change to spare. laughing Colonial Penn jingle she considered a backup president ial ticket, after Hillary Clinton fainted at the 9 11 memorial during the campaign. How does the infighting within the dnc affect the future of the Democratic Party . Well, this book that Donna Brazile has written kind of kicks a bruise sitting there a little bit dormant in the public sphere. Been there, fight in the Democratic Party since the 2016 election. This, this exacerbates the bite shows how real it is, disunity in the Democratic Party, no one kind of leader out of the pack. And it is probably not going to get resolved until 2020. Well, you have two big gubernatorial races coming of in virginia and in new jersey. How do you think that, that disunity within the Democratic Party
President trump, quote, he is no order con man. He is way above average in the american political system is his easiest mark ever. Guest yeah. This was that was early the campaign. I think that was in march of 2016. So it was just around the time when he was sewing up the republican nomination and the purpose of that article is this is a come. Com compilation of articles to explain the trump phenomenon for people who were having to take it serious come to grip watches the fact this was happening. So i took kind of a different approach to trump and tried to really listen to what his supporters were saying and try to focus on what he was doing, and my take on him is that he was a Brilliant Media manipulator and that he was perfectly suited to play on all the weaknesses of the american political media, ask that turned out to be truism was i had stucks to my guns on the piece. Thought he would be president and then later on i didnt believe that. Host well, the dave after the election you w
Mortgages they were bundling into securities were toxic. No one listened. Im ali velshi and this is real money. It three days ago voters sent democrats packing because of discontent with the economy, but today we learn the economy added 214,000 net new jobs last month. That was in the runup to the elections. 31,000 more jobs were added to august and septembers tallies in the revisions that typically follow a month or two after a jobs report. At 69 49 months of straight job growth, this is the longest continuous stretch of job growth in almost 20 years, and this years Monthly Average job growth is exceptional. America has added 229,000 net new jobs every month this year. Thats about where the gains should be so that the job market has room to grow and take in new workers who joined the labor force every month. Take a look at where the Unemployment Rate landed last month. 5. 8 . Now, normally i would tell you to ignore this number and put all your focus instead on the number of jobs that