let s start in the us, because after months of speculation, joe biden has nominated jerome powell for a second term as fed chair. the role is known as the most powerful economic position in the world and the financial markets initially reacted positively to the announcement, with the s&p 500 hitting a record high before retreating. lael brainard will be vice chair of the central bank as it wrestles with high inflation which, if it lasts, could play a pivotal role in congressional elections next year. the bbc s michelle fleury has more from new york. four years ago president trump backed tradition by appointing jerome powell instead of re nominating janet yellen to become chair of the us federal reserve. he become chair of the us federal reserve. , , ., reserve. he is strong, committed, reserve. he is strong, committed, smart. i reserve. he is strong, | committed, smart. he reserve. he is strong, committed, smart. he eventually soured on him, committed, smart. he eventu
i m geoff bennett. of all of things on president biden s plate right now, and there are a ton of them, perhaps the most alarming is what s not on yours. and it may not be under your tree for christmas or on your plate for thanksgiving. in a country where we re accustomed to getting whatever we want, whenever we want, with the push of a button, if you ve tried to shop for anything from a new car or appliance to a book or groceries, you know there s a growing list of the things you can t find. and if you can, you re probably paying more to buy them. there are a number of reasons for the product shortages. but chief among them is the massive backlog at the ports of los angeles and long beach. they account for 40% of all shipping containers entering the u.s. at last count there are 81 ships floating off the coast right now, waiting to dock. many have been there for weeks. another 62 ships are already docked but it takes time, money, and manpower to unload them. this afternoon the
the u.s. economy added just 190,000 jobs last month, well short of the 500,000 economists expected but inflation is surging through the rising cost of everyday goods is causing american households an additional $175 a month and it is crushing small businesses. gas prices are the highest in seven years. the biden economy isn t looking too good for the average american right now and we are waiting to hear what the president has to say about it. jason, i like to start with you about this. in part, want to get to the specific point that the lack of hiring is not coming from businesses. employers are eager to hire, we see hired signs litter throughout the country on storefronts but there are nearly 11 million unfilled jobs. for example, by the end of this july, it is not for lack of options. with the issue here? jason: there s no shortage of workers here, they re just not going to work. when you look at a 61% labor participation rate come here to figure out where is that coming
ticked off as angry tiktok users want video attacks on congress is the us going too far against the popular social media app and where s kate? the question that everyone seems to be asking you after this week s royal photoshop scandal, the panelists here and ready to go. so sit back, relax, and let s talk about up first, a major criminal case against donald trump. so we ll move forward after a judge in atlanta ruled friday, district attorney fani willis can prosecuted her political interference case against the former president but she ll do it without her lead prosecutor, nathan wade, who had to resign from the case. trump and his co-defendants try to disqualify willis over her romantic relationship with wade. and in the way only trump can. he s now trying to turn a legal loss into a win? fulton county da fani willis gets to stay on the case. but the trump team has more ammunition to go after her. they will use this as they talk about whether or not the case has merit afte