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the pocket of uniing them in a way that hasn t happened ever, so i think whether it s the far east, whether it s nato, whether it s europe, whether it s what s going on in africa, i think we have enormous opportunities, and i think just want to finish the job. president joe biden addressing his age and why he wants another four-year term. the president is in london this morning on a five-day trip that includes a nato summit later this week. we ll have a live report in just a moment. meanwhile president biden is facing time lines on when ukraine could join the military alliance. plus ukrainian s president calls on donald trump and says he could end the war in under 24 hours. we ll play those comments for you just ahead. good morning and welcome to way too early on this monday, july 10th. i m ali vitali along with jonathan lemire in london. you have a better background. i ll let you set the stage. it looks amazing. ali, good morning. i do have a win. i m standin ....
are more than what many analysts expected and a sign that still strong hiring continues despite the ongoing efforts of the federal reserve to cool it off to tame inflation. wall street is reacting to report, and you can see right now the stocks are down, and well, it is mixed and stable at the moment. matt egan and m.j. lee are standing by to have a look at what this means while we wait for the president. what stands out for you, matt? it is amaze, kate, that the economy is still adding this many jobs despite the federal reserve s warnings, and despite the jobs gains, and people are still being hired at a rapid pace. and so, 311,000 jobs added in february, and this is how strong the job market is, and hiring slowed significantly in february, and yet, i still came in at a strong levelsh and a level well above expectations, and so no sign of a recession here at all. the unemployment rate ticked up to 3.6%, but remember, that is coming off of the 53-year low in january, ....
who can t afford it. martha: the dow is up a lot on that news. in less than 24 hours, we ll know if the u.s. is officially entering a recession. charles payne joins me on that. and the other big story that we start the hour with here on this wednesday, china. warning the united states saying that when it comes to nancy pelosi s trip, it s a red line for them. china recognizes obviously china believes that taiwan is part of china, that it s not an independent country that can greet u.s. officials on their own. when asked were republicans from the hill will join her on this trip, the speaker said this. i never talk about travel. it s a danger to me. so why is the white house trying to dissuade this trip? we ll ask john kirby about that. he joins us in a few moments from there. first, to gillian turner covering this story for us today. it s a story that keeps moving all throughout the last couple hours, gillian. what is the very latest? martha, this just in. the secr ....
Time now for business. for that let s bring in arabile gumede from london. good morning. another business start and a second quarter earning season. what can we expect? yes, ali. it s going to be a busy week, right? it that s certainly going to be the indicate. $5 billion worth of losses is anticipated to actually be put forward, and that just linked then to consumers unable to pay a lot of their debts some of that s going to be a key focus for the remainder of this week. it s the big banks that are set to report. there s still that number from last week. the jobs numbers weren t helpful to the state of the economy. perhaps that slowing may mean the fed doesn t necessarily have to hike interest rates, but there s still a big chance of a 25-point basis hike. more is anticipated the week. plus you still have the economic data front. cpi numbers are set as well. ....
Host of making money on fox business. get his take on this. charles, you can see the market, the 75 basis hike. what does this tell average folks about what is going on in the united states economy? charles: two things wall street s version isn t slowing down enough. are we slowing down enough that the federal reserve will stop trying to hurt the economy, trying to deliberately throw it. jay powell is clear that they re not done yet. here s the irony. the last three times the fed has had these meetings, the market was up big on those days. it went down more the next day. they have gotten hammered the next day. so i say with it until the next session. let wall street sleep on this before we can determine whether or not it was great news for the market. having said that, you know, it s really tough when the federal reserve says jay powell said ....