Page 19 - Cross Currents News Today

To focus too much on just a number. >> there is so many cross currents in the global economy, and so much chaos in whats happening all around the world that i think it is really important to look at the trends, right. and the trend here in the labor market, jobless claims still really historically low. 203,000 jobless claims in the latest week. what does that mean? it means employers dont want to do layoffs. theyre trying to find workers, they dont think they can replace those people that they w...

Russias war in ukraine to try to cool prices for consumers, the president is considering dropping more tariffs on chinese-made goods. $350 million worth remain. businesses have urged him to end them because those costs are passed on to consumers. >> were discussing that right now. were looking at what will have the most positive impact. >> you said that you would reracerase them. >> i didnt say that. were discussing it. >> and well scour the report for any sign that inflation may have peaked. >>...

Stocks. mixed day yesterday after three big selloff days. a year of stock market gains are gone. the global economy is a mess of cross currents. any one of which would be destabilizing on its own. red hot inflation, putins war remaking the energy map. high stress right now for stock market investors. lets bring in ann berry. looking forward to talking to you about this. is the worst behind us. we see the nasdaq down 26% and people say should i be selling. should you have sold a long time ago. >>...

In place when you need one. so theres a lot of cross currents that are not easily -- they dont blend together easily. they dont end up with a pat answer of the kind the white house would like to be able to give. >> and thats a critical point in the sense any administration would want to defend its authority to do things in a major public health crisis. you would think even if its about to expire and youre dead right about that, we need to protect the cdcs authority. the question is, is this the ...

Calling critiques. bidens handling of the economy despite calling very similar numbers back in may of 2018 under then president trump without a pandemic quote, great news for our economy and our work force. whats going on there? >> breaking news hypocrisy. >> its clear. >> can you hide your hypocrisy just a tiny bit. lets bring in dominic chu. good luck for anybody calling it 3.9% unemployment rate hard news. there are millions of different cross currents when these numbers come out. unemploymen...

Gets big and then bigger again and then bigger february and when its all said and done we get a lot of jobs. i think thats whats going to happen with the soft gain that we got in december 1699. i think will ultimately end up being higher so i would focus on the unemployment rate, the decline to 3.9%. thats pretty low and head lower and pretty consistent with an economy thats -- thats strong and cutting through all the doing. >> is this fair to say -- if theres a problem in the economy right now ...

Circles, and whats going on out in the country. people experience some cross currents here. the economy is really strong. jobs are really strong. inflation is a problem, though, although most economists believe its transitory based on some outside influences. so the president has to speak to the rest of the country who i think is a little less skeptical and maybe cynical than those of us who spend a lot of time in d.c. >> if you cant get things at the grocery store, if your gas prices are going ...

Say, okay, this part of build back better we can get done. maybe hell get some republicans to do it with him. maybe hell get something on prescription drugs which is really popular, for example nks universal pre-k. why not try things like that? it worked for bill clinton. you cant say this is the end of the biden administration, but i do think it takes a real realignment here. >> you raised something interesting. i want to ask you about what former clinton press secretary joe lockhart has put it...

Raffensperger to find votes, the margin of victory for president-elect joe biden. what is the significance of a special grand jury potentially convened there? >> yeah, i always thought this was the most dangerous case for him, it is discrete, clean, has what prosecutors love, an audio tape and goes through it. the special grand jury itself, nicolle, is not the biggest news, it is what you need to have more than two month long investigation that you can subpoena folks and bring them in and out. i...

Do you see any trend lines moving away from the complete lunacy of the trump years in the republican party? >> well, i think you see cross currents. certainly a lot of these folks are looking at polls of the kind you just pointed out and saying, you know, theres room now to say i dont have to be part of the cult because, as you pointed out, there are people saying, "im a republican first, im a trumper second." but i also think there are current in the other direction. i mean we are talking about...