charles. that s right. listening to the president speaking just now, you d think that we got all good news in the jobs report today. in fact, i was reading his statement from earlier on the jobs data. the first line, this is bidenomics in action. but charles, you ask the average american how they feel with what they re bringing home, when they have to pay for groceries. seems to be a disconnect versus the rosy picture coming out of pennsylvania avenue. i want to dig into the numbers that we got today. the economy added 209,000 jobs in the month of june. that is the lowest addition that we have seen since december of 2020. it was significantly below expectations as well. if you listen to the labor secretary, she says it s good news. this is very much a part of bidenomics. creating good jobs in every community across the country. we re seeing job growth and wage increases in a tight labor market, workers have more power to choose and to look for better working conditions and
i have to go to work. i don t know if my money is safe. the person with 100 million they worry about. it s scary times that we live in. neil: more americans are banking on more trouble, no matter the comeback of the dow today. they hope it doesn t show up at their bank. stocks decimated on bets more banks will fall and soon. black rock s larry fink calling it a slow-rolling crisis and one that steam-rolled pretty much over all stocks today, although we re off of our lows today. this is the good side you re looking at. at issue again, more banks with issues including credit suisse. its chairman insisting everything is fine despite being told everything is not find. now word that authorities are scrambling to help. republican senator james langford says get ready for higher fees. charlie gasparino on why so many americans are running to bigger banks and fast to get away from this. let s just say we re over this, all of this. welcome. i m neil cavuto. we re on top of the r
A nation of skeptics. it said 60% disapprove of the president s handling of the economy. a different picture than what he s saying now. thanks, kelly. i appreciate that. i want to find out what my next guest makes of the jobs rot. day dotson, the author of the manager s handbook and from stanford business. alfredo, let s start with you. obviously there s a disconnect by the way, i ll add in the private sector side, 149,000. significantly below what wall street was expecting. we re not too surprised with the numbers. our national small business poll, which was a forward looking poll remember, the numbers are backward looking our small business owners have not felt comfortable with what the economy was going for a few months now.
In terms of dodd frank being the reason the loosening of dodd frank for being the reason for svb going under, just consider this. even if you don t get a stress test as a systemically important bank, you re still getting the modest proctology exam by the federal reserve and in svb s case. i don t know what mr. claiborne is talking about. there were was tons of regulation. neil: by the way, this is a family show. thanks, charlie, following all of that. meantime here, there s renewed pressure on the federal reserve to maybe take a pass on a planned rate hike next week. but there s just as much pressure building right now for the fed not to do that because it would be alarming. the back and forth on this with one of my favorite professor,day dotson from the stanford school