at issue, noises pinging from near the titanic site. the site and search area is massive. try twice the size of connecticut. time is running short. all this as more vessels head to the area. three more arriving this morning including one ship with side-scanning sonar all to reach a minivan size sub that could be two miles aabove the surface. no guarantee that the crew members in the submersible haven t already tried, if they could. fears more than half a dozen backup systems from sandbags to emergency inflatable balloons failed. all of them failed. amid new warnings that have come to light about the vessel s safety during its development in the first place. one enthusiast cancelled his plans because of those safety concerns. he never took the trip. know growing concern for the five on board this missing titan sub that did. welcome, everybody. i m neil cavuto. fox on top of a rescue drama right now that could be unfolding nearly two miles below the ocean surface. we go to moll
The one hand the Labour Market is very strong, and you pointed to the jobs report from friday, unemployment is down and wage growth is up and it is a very unique moment, we have seen unemployment below li for 26 straight months, the longer stretch we have ever seen that since the 1960s, it is remarkable, and the fed looking at these data could see this as an area where a Softening Job Market could do some of the work for them and thatis do some of the work for them and that is in terms of stabilising prices and remember that all of these elements of the economy are linked. We have seen prices continue to creep and people are feeding that in their wallets and in their household budgets, so whilst the fed can rest assure the Labour Market look strong, the question is on how to bring the price is down to the 2 inflation target. We to bring the price is down to the 296 inflation target. Inflation target. We should always remember that inflation target. We should always remember that what i
notion the economy is sort of perking up. that means higher prices with it. so are you saying that the relief we ve had or we started to see with inflation numbers subsiding from their worst levels, that s going to end? i think he can step all over the economy with what he s doing. neil, in his prepared statement today, he said in order to get inflation down, we need a softening job market. he might as well just say, oh, and a bunch of you will be fired from your jobs. i don t think that s what we need. and i think you have to be very careful at this juncture. the amount of government spending now just went up $2 trillion a year from 2019. that is a lot more debt and a lot more money coming out of the economy. i think he s playing with fire here. again, it all goes back i think he was behind the market, the real market. the big money that plays the market on the inflation front a couple years back. now if he goes to 5.5% with a