papers on where he will be speaking. let s go to robin, host of public radios full disclosure. this is a good day for president biden, a phenomenal jobs report that nobody was expecting and now he s signing an executive order and he will do a victory lap with union workers to try and convince them that he will be fighting even harder for them in the midst of all these good job numbers. that s right. if you take in isolation just the number of jobs created last year was a record in modern u.s. historical record keeping, and the problem is that s running up against inflation that burns the bottom of every dollar, so if you have inflation nearing 7% and you are not getting a 7% raise every year, you are behind the curve. yeah. there s a lot of good numbers in terms of a wage growth. i saw something around 4% for the number of jobs, but still 7% is the inflation rate. if you were a worker looking for a job right now, given the economy we are in, i wonder what you can negotiat
judiciary, can i call him for advice. and representative danny davis, danny, you ve been a good friend for a long time. [applause] he s always there, and elected officials and members of congress, thank you, thank you for the welcome and welcoming me to chicago. first quarter of the 20th century poet carl sandberg describes chicago as a city of big shoulders. a city of big shoulders. he was describing the big shoulders of the working class american town who were building this city. same time, building the middle class. i m here in chicago today for the first quarter of the 21st century to talk about the economic vision of the country. economy that grows the economy from the middle out and bottom up instead of the top down. everybody does well. when that happens, everybody does well. [applause] ladder up, and the wealthy do well, we all do well. this vision is a fundamental break of the economic theory that has failed america s middle class for decades now. it s called trickle
because of the pandemic, when factories shutdown in asia they had no idea they were supplying essential materials to us, shutdown around the world. these small computer chips, the size of your finger tip, they affect nearly everything in our lives. our cell phones. automobiles, refrigerators, weapons systems, everything. america invented these chips we made them smaller, faster and more powerful. but over time we went from producing 40% of the world s chips down to just 10% of them despite leading the world in research and design. you saw what happened during the pandemic when the global economy came to a halt overseas factories that made the chips shutdown driving up the costs for everyone around the world, particularly american families every new car built needs as many as 3,000 of these chips during the pandemic, that s the reason car prices skyrocketed. and in some cases new car production shutdown because the chips were in short supply but now the private sector at home
crash saying republicans will crash the economy if they win control of congress in 12 days. plus the january #th committee closing in, new this hour, the key testimony the panel is pursuing which could be its final act. the new data that should quiet questions about the u.s. in a recession but can it stop the federal reserve from a new big hike in interest rates. hello and welcome to the lead. i m john berman, 12 days left until the midterm elections and president biden is sharpening his closing argument. you re looking live pictures talking about his administration s toefrts get the economy back on track, he s expected to poimt to new data showing that economy bounced back in third quarter and it grew at an annual 2.6%, biden has called the economy strong as hell and he s trying to convince voters who believe the opposite that democrats should stay in p power. cnn white house correspondent jeremy diamond is live on the scene in syracuse, jeremy, what can we expect from
emergency. the question is what will our leaders do about it? here at home president biden is in somerset, massachusetts today at a former coal-fired power plant that now manufactures parts for offshore wind energy. the white house says the president will announce moves to bolster the offshore wind industry, home assistance for low-income residents. excessive heat records are at stake in dozens the states, straining power grids as people crank up the a.c. to stay cool. but do these moves go far enough? democrats blocked by republicans and joe manchin in the senate have turned to the president, upping the pressure to declare a state of emergency, unlocking the power of executive orders to fight climate change, the without would not say if he will do so. across the atlantic there are big out of control and deadly fires across multiple countries. tens of thousands of people in france have been displaced and many of them are at risk of permanently losing their homes. firefighters