let s get started! the final countdown of the election day in three of the most recent presidents are all held it out on the campaign trail. in the sand by state digging into key races just days ago. we ll go one-on-one with congresswoman debbie dingell but americans worry about political violence. plus! how are the latest lose about donald trump s potential 2024 run affect the midterms? well this country compared to election deniers on i ll pose that question to my panel of political experts. and later, elon musk lays off thousands of twitter employees. including the ones fighting disinformation. with election day just 72 hours away, is a social media company where detail without truth from lies? the all that and more coming right up! all right, good morning to you. i am sam stein. i m in for katie fang. thanks for starting your saturday with us. with more than 37 million votes already cast. candidates are getting ready for a big campaign events on this final weekend. be
accounts on the platform despite multiple requests. all of this sets the stage for a potential major legal battle. a conference this afternoon musk avoided commenting on his decision or any potential legal fallout. christina coleman is live in los angeles with more on this, christina. john, elon musk was in front of an audience of tech ceos and investors at the allen and company conference today at less than 24 hours after he announced he was to back out of his deal twitter. but he did not talk about the deal at the event according to reuters for yesterday musk announced he wants to walk away from the merger agreement with twitter claiming the social media giant has not provided accurate data on how much of its user base is made up of fake accounts. his legal team says musk needed that for business planning and sec filing they said quote twitter has failed or refused to provide this information. sometimes twitter has ignored mr. musk s request. sometimes it has rejected the
Alright we re hell. we ll be watching with you coming up soon here in about an hour right now i want to bring in university of michigan economics professor justin wolfers, professor. always great to have you to explain some of these things to us at this time. when i think a lot of people are a little uncertain. i wonder if you think that the fed is watching these expectations. are they see is the fed looking at this saying okay if we do more than 25 basis points, banks may spook and factoring that into the calculus or no unquestionably. yes so there are really good debates to be had about whether we should raise interest rates by a little bit by a lot or pause right now, but i m certain that the fed has one really important objective, which is you can achieve what it wants on its inflation site by moving the interest rate and not harm financial stability if it shows itself to be really predictable. and j. powers fed has been wonderfully boring, lee splendidly predictable if you listen
A level where inflation might also come down, which by the way is remaining above 8% year over year, multi decade highs. % on the job side of things, we did get an update on friday morning when the bureau of labor statistics disclose that 261,000 jobs were added in the month of october. that is a bit of a slower pace in the job gains that we saw about over 300,000 in the month of september. by and large, not all positive reports will be about the unemployment rate, for example, take after 3.7% in the month of october. compare that to 3.5% in a month prior. we did see job gains specifically in some areas, and focus on the economy. will you take a look for example at health, care of 53, 000, and also leisure and hospitality. think bars and restaurants getting 35,000 jobs in the month of october. and that shows that the inflation site is still not good, but the employment site is still good in this economy, but could that employment picture change as we heard from a number of tech compani
On the inflation site clearly we know we still have work to do it s making some moves here to bring inflationary pressures down. and yet we still are living within the pandemic time. demand for workers means they have more leverage for that means higher wages which also sustains inflation. that is why the fed is poised to raise interest rates again. it s an effort to temper the economy. the problem is we are seeing wage increases that should accompany about eat up with inflation. unless you really go back to getting inflation under control, whether people are working or not they are not going to feel wealthier if their money continues to be evaporated with inflation. the gop is campaigning on a bad economy for the midterms in november but the president is now pushing abortion as a key midterm issue. we need two additional pro-choice senator in a