we re waiting right here a live look at the white house at this very moment to hear from the president, to come out and speak for the first time about this jobs report and probably to remark on the state of the economy as we round out one year and head into the next. joining me right now for more on this is cnn white house correspondent john harwood and rana faruhar. john, what is your take on today s jobs report as we wait to hear from the president, because i don t think people will be are alone if they are yet again somewhat confused by what s coming out. well, everyone should be confused, all the experts are confused. they were projecting job gains of twice this much. it is difficult to know what to make of these numbers. first of all, so often over the last several months we have seen revisions upward in previous months. so there are funky things about how businesses are reporting job
picture before the midterm elections. interesting. we re standing by to hear from president biden. we ll bring you the remarks live when we have them. until then, john, thank you so much. rana, thank you as always, appreciate it. we re monitoring breaking news out of georgia, where the three men convicted of murdering ahmaud arbery are in court right now to learn their sentences. so far what we have seen in the courtroom is both sides making various motions and arguments. the prosecutors are seeking life sentences without parole for all three men. we could hear and there could be emotional moments in this sentencing hearing. we could hear from arbery s killers. we could hear from ahmaud arbery s mother before the judge reveals his sentencing decision. will bring you that when that happens. cnn s dianne gallagher is live outside the courthouse in georgia, with this breaking news as this is unfolding before us. what has happened in courts so far? what are we looking at? reporter: s
agenda items president biden s proposal for a global minimum tax on multinational corporations which now we are learning has the endorsement of the g20, as well as the supply chain and climate change crises. for more on all the goings-on there from rome, chris cuomo back with us. chris? thanks, i have cnn s nic robertson and cnn chief white house correspondent kaitlan collins and cnn global economic analyst rana faruhar, also a global business columnist and associate editor for the financial times. good to have you all. let s talk with what fred put out there as the headline nic, the idea that everybody here s pretty confident that it is possible what isn t possible, by the way that they can have a renewed iran deal. is that misplaced optimism, or is possible very different than probable? you know, it s possible here. we re seeing the europeans, the
than 5 million. there is that jobless rate, though. that has been dramatic. these are households here. households, john, when called by the government, surveyed by the government say i do have a job. 4.8% is the unemployment rate for that survey. really important, i think. all right, romans, stick with us. i want to bring in rana faruhar, associate editor of the financial times. we have this dropping unemployment rate, but this job creation that just isn t what people were hoping for. indeed. and as christine said, it is a brain teaser. this is going to be a big problem for the fed, because they re talking about do we need to start raising interest rates. there has been inflation and you get weak job numbers. so, you know, the market is going to be up and down. it already has been up and down. i think this is a data problem at the end of the day, though. as christine pointed out, there are a lot of people working in very, very different ways than they have been in the past. that
rana, what do you think? i would love to jump in on that. i agree with all of that. there is not just one trigger to what is happening the last couple of days. i think the democrats actually have a fair point when they say that, hey, did we really need any extra stimulus, did we need that stimulus of a tax cut at this point in a recovery cycle? we have been in a recovery since 2009. may not feel like it to most of us, but we have been. in some i was we re due in the next few years for a slowdown. if you look at recovery cycles tend to last ten years, that s where we are. the president, of course, wanted to that s what he ran on. and republicans want to get through the midterm elections with growth being strong and people feeling wealthier. there is a question about whether tax cut was an appropriate policy now. we buckle our seat belts here potentially today and in the coming days. i say if you re trying to figure out the logon in for the 401(k), you have not listened to anyt