we want to get to the september jobs report. the unemployment rate dropped to 3.5%. what does this mean for future interest rate hikes? meanwhile, the markets are reacting, the dow down around 400 points and it comes as americans face a convergence of economic pressures from rising prices at the gas pump, rent and mortgage rates up, and inflation burning a hole in our wallets. we could hear from president biden as he heads to maryland. we ll watch to see if he stops to comment on this report. with me now brian cheung, josh letterman, also joins us, host of public radio s full disclosure and politico chief chief correspondent. the biggest jobs gains were in leisure, hospitality, health care. i think the big takeway is that the labor market still appears to be chugging along. americans have options out there. with the unemployment rate a 3.5%, by the way, multidecade lows on that front, you re not seeing the traditional recessionary dynamics in this labor market where you
a potential nuclear armageddon with russia. what his staff is saying this afternoon, as we take you live to the white house and to moss couple of i m hallie jackson in washington and with me now is nbc news correspondent josh lederman traveling with the president in hagerstown, maryland. tom costello and global markets reporter with us, too. we saw the big board red, not green like we ve seen earlier this week. talk about why investors are so spooked here. hallie, a number of top advisers telling me interest rates are heading even higher and wall street wanted to seat job wanting to see the job market start to cool and average hourly earnings increasing, and the chair fed has reiterated in the past in order to get inflation down, the job market needs to cool and until it does, interest rates will head even higher a rising rate environment has been challenging for the stock market. that is why the dow is down over 600 points right now. and for companies that increase their
hello again, everyone, thank you so much for joining me, i m fredricka whitfield. at any moment, the cdc s vaccine advisers will announce their decision on covid-19 vaccines for children, 6 months to 5 years old. pfizer and moderna are seeking authorization for their vaccines. if approved young children could begin beginning vaccinated as soon as next week. are we hearing anything more about how close they re getting? reporter: they are getting closer. they have been taking questions for an hour, and it sounds like several more questions came up. they were supposed to vote a half hour ago but they re going to take as many questions and time as need be to get through everything. after two and a half years of all of us dealing with covid, this is the last sort of big piece, you know, the last tool in the tool box to get all americans covered by vaccines and hopefully sort of squelch this pandemic to something near an end. several questions that they have been centering on and
harbor in southern new mexico. back to you. gillian: madison, thank you. mike. mike: court hearing getting underway in texas this hour for one of the two illegal migrants accused of killing a 12-year-old girl in houston and dumping her body in the water under a bridge. welcome to a brand-new hour of america s newsroom, i m mike emanuel. gillian, great to be with you. gillian: i m gillian turner. dana and bill have the day off. both suspects in the tragic murder are facing capital murder charges. this is according to ice. they entered the country illegally and later caught and released by border patrol near el paso weeks before 12-year-old girl was murdered. the duo lured her under a bridge, removed her clothes, tied her up strangled and murdered her. if the medical examiner determines she was sexually assaulted they could face the death penalty under texas law. mike: michael mccaul laid part of the blame on president biden s open border policies. we re seeing this