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and we'll go inside the negotiations. and this cnn exclusive, sources say donald trump's legal team is now talking to the justice department. it signals that there is a big and ugly fight coming over what the former president can shield from federal investigators. but we begin the hour with a wow. the july jobs report gives president biden important economic momentum on employment hitting a 50 year low. 500,000 plus more americans hired just last month. so forget recession talk. at least in the short term. yes, inflation is high, but the recovery is still humming. the economic news...

jobs report any minute now at a bill signing. but let's look at the numbers. joining us is rahel solomon and jeremy diamond. let's look at the gains. the fact that this was more than twice what experts were expecting. >> and so some experts have said that this was an uncomfortably hot jobs report, at the very least it was surprising. when you look at the report and where the jobs were, line after line, industry after industry, it was growth, growth, growth with some of the largest gainers in industries like leisure, professional services, health care. 57,000 jobs being added for gove...

we're almost at 10 million jobs, almost at 10 million jobs since i took office. that's the fastest job growth in history. today there are more people working in america than before the pandemic began. in fact, there are more people working in america than at any point in american history. >> cnn business correspondent rahel solomon joins me now. put this into context. what do these numbers actually mean? >> not only did these numbers surprise to the upside, but it was broad based across the economy. when you look at the report line after line, industry after industry saw positive job...

neighbors against neighbors. a fight over who gets to use the river that fuels life. we visit two states that are facing off. hello. welcome to "the lead." we begin this hour with our world lead. a pair of escalating international crises. russia and the united states are now indicating they're ready to hold talks about a prisoner swap. just a day after a russian court convicted american basketball star brittney griner of drug smuggling, and sentenced her to nine years in prison. potential prisoner swap talks could include fellow american paul whelan who has been detained in russia ...

welcome to our viewers in the united states and around the world. i'm wolf blitzer. you're in "the situation room." surprisingly strong new jobs numbers are capping off what has been a big week for the biden administration. let's go straight to jeremy diamond. amid fears of a recession, the president has some momentum when it comes to the u.s. economy. at least in the short term. give us the latest. >> no doubt about it, this jobs report which the president called outstanding is more evidence that the u.s. is not in a recession. we saw the unemployment rate tick down to 3.5%. more th...