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Transcripts For CNN CNN Newsroom 20240706

and the latest on what china is saying about that balloon hovering over the u.s. and president biden is going to speak following a new jobs report that smashed expectations. 517,000 jobs added in january and nearly three times the forecast. we will bring you reaction live. and a life-threatening deep freeze headed to the northeast, and millions are bracing for once-in-a-generation sub-zero temperatures. china is confirming that the balloon floating over to the u.s. is theirs, and it is not a spy balloon as the pentagon says, but it is a civilian airship used for research are the words of the foreign ministry, and it is said to be the size of three buses. china says it accidentally drifted off course. and the sources says that china cannot manually control it, but how did it get there in the first place? the continental u.s. is a big target. yes, what happens next is the big question. the pentagon says it is not a military or physical threat to the people on the ground

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