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the presidents of this surveillance balloon over the united states, in our skies is a clear violation of our sovereignty, a clear violation of international law and clearly unacceptable. we ve made that clear to china. last, night the pentagon said it saw all report of a second chinese ty balloon has been spotted flying over latin america. china claims they are civilian weather balloons gone astray, but u.s. officials say the balloon spotted over montana this week was gathering intelligence and fly near one of the country s military places that operates and stores intercontinental ballistic missiles. joining me now is abc news, reporter gary grumbach, so gary, what in the world is going on? there s so many people who are wondering, why are we not shooting this thing down? yeah you know this really does seem like it s all out of a movie, thinking from u.s. official is that shooting it down would do more harm than good. president biden was given options on tuesday ....
Rates by a quarter of a percentage point. this continues that compassion that they began in the spring last year hoping to raise borrowing costs to deliberately slow this economy. the fed and jay powell saying that they weren t done with interest rate hikes yet and that they didn t see cutting interest rates any time later on this. here now all of that came a day after we heard from these big tech companies that had been responding to these bag interest rates have been dramatically cutting their. staff meta, which is as well as alphabet, we don t google, both companies say they are not going to aggressively higher this year. they re going to slow the pace of hiring after slashing more than 10,000 jobs each. we have to say that is also microsoft an amazon that made it dramatic cuts as well. although it doesn t appear that tech locks are having a impact on overall jobs market. friday morning we got data that show the u.s. economy added a blockbuster 517,000 jobs a ....