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Transcripts For FOXNEWS Americas Newsroom 20240707

unemployment staying at 3.6 pers percent. bill: there are at the moment 11.4 million jobs open and 6 million unemployed americans which means the math says two jobs for every person that s looking for work today. gas is soaring. another record high today. $4.76 a gallon now. that s nearly twice as high as when president biden took office. bill: here is the good news. wages rising slightly up 5.2%. not enough to keep up with inflation is the bad news. that disparity creating a nationwide pay cut. team fox coverage this morning. jacqui heinrich and we begin with kelly o grady live from los angeles. kelly. today marks the first weekend of june. you would normally have people excited for weekend getaways, beach trips. instead drivers are facing more dread at the pumps. today is the seventh straight day of record highs. the national average jumped 5 cents overnight. that s just two cents shy of double the price when president biden took office. that means an extra ....

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Transcripts for FOXNEWS Americas Newsroom 20240604 13:07:00

Quality jobs. look at the breakdown. 84,000 jobs created in leisure and hospitality. these jobs are typically low-paying jobs. you have education and health, 74,000 jobs there. again, largely low paying, low quality in terms of the amount of jobs. so you see a good number at 390,000 but when you break down the actual jobs created, it is low-paying jobs and you also see cracks in the system as it relates to the consumer. another ceo this morning talking about job cuts. yesterday we had jamie diamond saying that an economic hurricane is on the way and we need to be bracing ourselves. this morning it is elon musk saying that he is going to be cutting 10% of the workforce at tesla. and putting a pause in place for new hiring because he has, quote, a super bad feeling about the economy. that s where we are right now. ....

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Transcripts for FOXNEWS Americas Newsroom 20240604 13:06:00

And accusing republicans not wanting to pass new reforms despite a bipartisan group working in the senate now to deliver a framework. bill: thank you, jacqui. i don t know if it s going right or left. it was going. jacqui heinrich. let s bring in maria bartiromo. what s in the report? great to see you both. this report shows solid job growth. however, it over states the strength of the economy because it does not tell us enough about the consumer. that is where we are. i would say this jobs report status quo. 390,000 jobs created for the month of may is good. however, wages are still under water. wages up 5.2% versus an inflation rate of 8.3%. i also would point out the number of jobs created at 390,000 includes a lot of jobs that are low paying, low ....

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Transcripts for FOXNEWS Americas Newsroom 20240604 13:01:00

Unemployment staying at 3.6 pers percent. bill: there are at the moment 11.4 million jobs open and 6 million unemployed americans which means the math says two jobs for every person that s looking for work today. gas is soaring. another record high today. $4.76 a gallon now. that s nearly twice as high as when president biden took office. bill: here is the good news. wages rising slightly up 5.2%. not enough to keep up with inflation is the bad news. that disparity creating a nationwide pay cut. team fox coverage this morning. jacqui heinrich and we begin with kelly o grady live from los angeles. kelly. today marks the first weekend of june. you would normally have people excited for weekend getaways, beach trips. instead drivers are facing more dread at the pumps. today is the seventh straight ....

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Transcripts for FOXNEWS Americas Newsroom 20240604 13:02:00

Day of record highs. the national average jumped 5 cents overnight. that s just two cents shy of double the price when president biden took office. that means an extra $33 every time you fill up in a world where every else costs more as well. the administration is defending its efforts with council director brian deese tapping the strategic petroleum reserves helped. drivers are now paying more than 56 cents than they were a month ago. folks are at their breaking point here. i have had to turn down jobs in sim i valley because i can t afford the gas money. i would end up making just enough to cover the gas money essentially. just to get to school and home every day is costing us $150 a week. everyone is hurting right now. let s figure it out, please. hopes are now resting on opec plus the coalition announcing it will increase the ....

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