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We're now emerging into the light. >> now the speech comes amid more evidence of an economic rebound. the government says that 406,000 americans filed first-time unemployment claims last week. the lowest number since the start of the pandemic. meantime, the u.s. intelligence community says today that it still does not know where, when, or how the coronavirus was initially transmitted, but that elements are split between animal-to-human transmission and an accident in a lab in wuhan. this as the president commits to release the entire report on the origins of the outbreak after the intelligence...

In the skies. >> thanks, ed. jim? >> this just in. an encouraging sign for a recovering economy. first time jobless claims hit a new low since the pandemic began last march. 406,000 americans filed for first-time unemployment benefits. you can see the donward trend there. this figure even lower than analysts had expected. it marks the fourth consecutive month that that number of first-time claims has dropped. the count for continued jobless claims, that is the number of people filing for at least two weeks in a row, that also fell in the week ending may 15th. continued claims stoot at 3.6 mill...

Starts right there at the capitol. what that requires is not just a blind leap in, okay, it's time to all kiss and make up and reconcile, what it requires is a real reckoning with the truth. you can't legislate policy in division. you just can't. and that is what we're living in right now. there's a very divided nation. it's a very divided congress and as a result people really have to reckon with the truth. and before we get to reconciliation we got to reckon with the truth. i think it's a spiritual journey this congress has to be on to get to the other side. there are people dieing, 406,000 ...

This as an effective tool to get him to listen to his demands. >> almost as if he wants them to believe it's in place and then he can say see it, worked. i got them to come to the table. got them to come to the table with a stronger plan. he's mixing trade and immigration. you mentioned many soft states. if you're a republican senator or any member of congress can, rich neal, a democrat from massachusetts, chairman of the ways and means, says the president is common deering imtrade policy with immigration policy and john cornyn, who often questions the president, a pretty loyal republican. he ...

You studied this. what is the impact of just that entry level, the 5% tariff on the u.s. economy? >> well, kate, even just at a 5% level, what you find is a massive impact on the u.s. economy. we lose about $28 billion in direct cost to the economy spread all over the united states. which translates into about $41 billion in gross product and about 406,000 jobs. to put that in perspective, our country for the last seven or eight years has averaged gaining about 200,000 jobs a mublg. we would be flushing two months of economic growth. >> ray, that's an important point i need to hit on. you esti...