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August 5, 2023
Says its down the middle of the fairway, couldnt have been much better. theres one catch here, there always is. wages. wages remain a bit high. of course, thats great news for workers and more evidence that workers with have considerable leverage. in fact, paychecks now growing faster than prices. that is huge. strong wage growth is not really what jerome powell and the fed wants. they want wages to cool even further to help drive inflation down. still, big picture, theres a lot to like about th...
August 5, 2023
Experiencing stable and steady growth. >> reporter: now when you talk to white house officials, they acknowledge that type of overt messaging weve heard from the vice president will take time to sink in to americans who feel pessimistic about the economy. theyre trying to do something not just overtly but also subtly. we know theyre going to be putting up these branding projects being funded by president bidens infrastructure law like bridges, roads, damts, all of those things you can see on the...
August 5, 2023
Americans are generally pessimistic about the new economy. the latest polls blame president biden. >> bidenomics are not resonating. now the white house plans to put up signs with his name on major infrastructure projects. white house reporter jasmine wright joins us with details. tell us about the strategy. >> yeah. well, this strategy, victor and amarer, this is a continuation of positive economic data but in reality, the positive trend we are seeing in the economy are not making it to america...
August 5, 2023
Board, some children between the ages of 13 and 18 when the crash happened. at least seven of those injured are in critical condition. a massive manhunt underway in florida this morning after two orlando police officers were shot at a traffic stop late on friday night. they investigated a vehicle wanted in a miami home homicide. >> during the stop the suspect shot two of our officers. the suspect car jacked another car. we are right now actively looking for suspects. >> the orlando police chie...
August 4, 2023
Markets rose Friday morning after strong tech earnings and the latest jobs report from the Bureau of Labor Statistics. The US economy added 187,000 jobs in July, and the unemployment rate ticked down to 3.5% — a "Goldilocks" report that is neither good nor bad.