doocy at the white house with the latest. peter? here at the white house, they think this jobs report is not a reason to worry about a recession. that phrase, make it in america, the cornerstone of my economic plan. today s report proves making it in america isn t just a slogan, it s my administration. but former obama economic adviser jason furman writes uncomfortably hot jobs report. 528,000 jobs added and unemployment rate falls to 3.5%. what worries me is average hourly earnings were up at 5.8% in july. june revised. the wage moderation that we all discussed last month was wrong data. white house officials are shrugging off the fears saying they still trust the federal reserve to adjust rates to address inflation. they claim there s more good news. in 50 straight days of gas prices falling even though they re $1.72 a gallon more than when president biden got here. you want to talk to a nurse or a teacher or a firefighter? having that little britt of breathing room
deadly weekend in america. since friday there have been ten mass shootings across the country, no area immune from the violence of course. the shootings happened at high school graduation parties in south carolina and texas, at a funeral outside a church in kentucky, multiple shooters then firing into a crowd on a busy street in philadelphia killing three people. and in tennessee shots rang out at a nightclub, all told 15 people were killed, dozens more hurt in these mass shootings. the gun violence archive now says there had been 246 mass shootings in the united states this year. the math not fully calculating the pain. 33 of those that we are talking about here just since the uvalde school massacre nearly two weeks ago. cnn s polo sandoval is live in philadelphia starting us off at this hour. another city in pain, another investigation into deadly gun violence now under way. polo, what are you learning? kate, unlike those calculated and planned massacres we have seen rece
Bank of England Governor Andrew Bailey said the hostilities in the Middle East have only had a limited impact on energy costs and other consumer prices.
Stocks fell broadly on Wall Street in afternoon trading Wednesday after the minutes from the Federal Reserve s last meeting of policymakers signaled increasing concerns about inflation.