welcome to the lead. i m kaitlan collins in for jake tapper. we start with the money lead. wall street closing this hour mostly flat after today s jobs reported exceeded expectations. great news, obviously, but not slowing rising prices and fears of a recession. according to the bureau of labor statistics, the united states added 372,000 jobs in june and on average american paychecks are up 5.1% in the last year. but that s not keeping up with inflation, which jumped 8.6% annually in last month s report. that s a problem for president biden as he is struggling to convince americans his economic agenda is working. my economic plan is moving this country in a better direction. reporter: more signs on friday of a robust u.s. labor market. the economy adding 372,000 jobs in june, far beating economists expectations and the unemployment rate remaining at 3.6%, near historic lows. president biden celebrating the news, saying the u.s. has now recovered all of the jobs lost du
abe assassinated during a campaign speech by a man with a homemade gun. and a new report shows the u.s. jobs market stayed strong last month despite high inflation and recession fears. this hour what the numbers could mean for the u.s. economy and for the biden administration. welcome to our viewers here in the united states and around the world. i m wolf blitzer. you are in the situation room. we begin this hour with a highly anticipated testimony of former white house counsel pat cipollone to the house select committee investigating the january 6th insurrection. let s go straight to capitol hill. our reporter melanie is on the story for us. what do we know, first of all, about the testimony of this key witness? do we know if cipollone has been cooperating or not? reporter: well, pat cipollone has been testifying for eight hours and counting now behind closed doors and he has left several times throughout the course of the day to meet with his own down in separate side
you can see the cnn original series patagonia life on the edge of the world this sunday at 9:00 p.m. eastern. and on sunday morning you can join cnn s state of the union, jake tapper is going to be talking to illinois governor j.b. pritzker, new mexico gov new hampshire governor and congresswoman zoe lofgren. i m kaitlan collins in for jake tapper on this friday afternoon. thank you so much for joining me. our coverage continues right now with my friend wolf blitzer in the situation room. happening now, one of the most important witnesses yet goes before the january 6th select committee. what does former white house counsel pat cipollone saying right now behind closed doors? also tonight, a stunning and rare act of gun violence in japan. the former prime minister shinzo