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cnn newsroom. good to be with you. thailand is reeling right now after a massacre inside a child care center. at least 36 people were killed, including 24 children. they were gunned down or stabbed. the children inside were sleeping at the time. investigators say the shooter was an ex-cop who had been fired and just appeared in court on drug charges. one of the teachers described the moment she saw the shooter. translator: around noon i saw him enter the gate. the staff was having lunch. i suddenly heard what sounded like fire crackers. he pulled the gun from his waist, loaded it and was about to point the gun at me. i called to another teacher who was holding a kid. i didn t expect him to also kill the kids. authorities say the gunman later killed his own wife and stepson, then took his own life. mass shootings are extremely rare in thailand. what else do we know? reporter: this is a peaceful, quiet area that is now believed to be the scene of thailand s de ....
frankly the headline number, matt, is a big one here. also it shows healthy growth in several sectors of the economy. yeah, jim. this is blockbuster growth. and it is pretty remarkable. this number is going to go a long way towards shutting down this idea that the u.s. economy is already in recession. to be adding more than half a million jobs, in a month, at this stage of the recovery, is pretty impressive. let me give you some context around this 528,000 job figure. this is twice as much as the consensus from economists. not only that, but it is 200,000 more than even the most optimistic forecaster had pencilled in. two big milestones that came out of this report, the labor market has now fully recovered all of the jobs lost during covid. total nonfarm payroll is back to february 2020 levels. the unemployment rate is now down to 3.5%. that matches the half century low set before covid. again, none of this suggests an imminent or ongoing recession. but here is the pr ....
Rationalization of positions. it is a disappointment. it says that there are problems. joining us is former obama economic advisor austin goalsby. in practical terms, how much will this move by opec plus increase the cost per gallon of gas at the pump? nobody truly knows the answer to that, because it partly depends on how strong is the world demand for crude oil going to be and it partly depends on whether the other members of opec are all going to abide by the agreement. opec frequently has things where they agree we re all going to cut production, but it s in the interest of some of the participants to cheat on their part. it could have a material impact. normally, as you know, gas prices come down as you come out ....
Again, none of this suggests an imminent or ongoing recession. but here is the problem, a heating up jobs market is exactly the opposite of what federal reserve wants right now. the fed is trying to put out this inflation fire by cooling off the jobs market. they re worried adding this many jobs, wages this hot, it is just not consistent with helping inflation. and so today s numbers suggest that the fed is actually going to have to do more to slow this economy down. and that means even potentially more aggressive interest rate hikes than the months to come. that is a concern to investors, as soon as this number came out, we saw stock futures fall pretty sharply because the market is starting to get concerned that the fed may actually have to do even more to cool off this inflation fire. yeah. jim, i m not able to hear you, so back to you. matt egan, thank you for the update. for more on the state of the economy, what the numbers mean, i m joined by austin goalsby, a ....
That they felt donald trump wants to blow up at somebody on trade. let s just slow roll nafta so nafta is not the thing he blows up on. they thought they could kind of get china to the front. now it s on steel and tariffs. and what i think is the bigger danger that no one is talking about yet is that i think it s quite likely china now goes, reaches out to europe and canada and mexico and says do you want to join us in launching a giant wto investigation of the united states? and they would be inclined to go along with it now. wow. that would be would offer an interesting way to get the president to retaliate on something like that. austin goalsby thank you for coming on and sharing your views. shane, heidi, and ramesh one more break. i promise you. up ahead, president trump s endorsement ooms. oops. ones that make it fast and easy to analyze and take action? ....