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also breaking this morning, signs that the labor market, which has been stunningly strong for so long is now cooling. fed watchers and wall street very warily awaiting these numbers. i ll talk to acting labor secretary julie su for her take on the numbers and the strength of the u.s. economy. and later, more heat for an already weather-weary nation. over a dozen dead nationwide from the high temperatures. i have asthma, so the air quality is really hard on my lungs, and then with the heat on top, it s like having a meltdown all in one. when could we get some relief from the brutal and record-breaking heat? let s begin with the war in ukraine and the breaking news. we ve now confirmed that the u.s. will send cluster munitions to ukraine. these are large bombs containing smaller explosives inside them which then disperse and can kill in record numbers. these weapons are so dangerous that more than 120 countries including many u.s. allies have agreed not to use the ....
dream. most americans in a brand-new poll say the ability to achieve their true goals is increasingly out of reach. hello, welcome everyone, i m sandra smith in new york. and john, hello to you. john: good to be with you on this tuesday. this is america reports. 61% of those polled by the wall street journal say they are pessimistic about being able to achieve the american dream. as families get crushed by record high gas prices, skyrocketing inflation. sandra: it is hard to believe, the average price of gasoline has jumped nationally today to another $0.05, i should say, overnight. and now setting a record for 28 of the past 29 days. the cost of gasoline has more than doubled since president biden took office. john: the white house is scrambling to respond to the growing economic crisis with a new plan on solar energy? critics say the move will only hurt american businesses even more. sandra: ro khanna will join us in moments. john: according to the white h ....
So roben, this was a lower jobs number than expected. how do you read it? i think that it s kind of a non-release other than the wage data, which might give the fed more ammunition for at least one more rate cut, probably two, you know, following in september. having said that, and this is an ongoing theme, when does the fever break. how many rate cuts do we have to push through to see trickling job gains or contraction in job gains. can you land this economy perfectly without any sort of recession. i m doubtful about that, but i think the fed not worried so much about job formation right now. it would trade some unemployment for lower inflation because it s really not close to its 2% inflation target. brian, roben does mention wage growth. what s happening there? let s unpack the number. it worked perfectly that we have this prepared. 4.4%, that s how much more people were getting paid in terms of wages in june of this year compared to june of last year. if you look at may to ma ....
Not much the police commissioner can do if the rest of the system is not going to play ball. that s the question we face today and will have a better sense of after the recall elections are in. i hope politicians will be responsive if one of them gets thrown out on their keester, that s what s necessary. if that does not happen, i suspect things are not going to change for significant periods of time. john: it could be a warning shot to others, we ll see. the big question here, what is mayor adams going to do about it, and we showed a bit a second ago, and something that happened in the bronx in the last little while. grabs a woman, throws her on the subway tracks, thankfully there was not a train coming and people helped her back on the tracks. she suffered some minor injuries, went to the hospital. she s ok. take a look at the statistics. year over year, may to may, new ....
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