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this week, may just go down as one of the best weeks of joe biden's presidency to date. let's start with the economy, today, we got a truly stunning jobs report for july, u.s. employers added 528,000 jobs, more than doubling projections. and the unemployment rate, it fell to 3.5%. the last time the unemployment rate was that low was in 1969. 53 whole years ago. the economy is now recovered all of the nearly 22 million jobs lost since the start of the covid pandemic. president joe biden and his signature aviator sunglasses took a much deserved victory lap earlier today. >> we're almos...

all of the nearly 22 million jobs lost since the start of the covid pandemic. president joe biden and his signature aviator sunglasses took a much deserved victory lap earlier today. >> we're almost had 10 million jobs. almost a 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 at any point in american history. >> in a relief for drivers all across america, gas prices have dropped nearly $1 from highs in june. highs that were d...

from now. we will bring you those comments from that podium there live. white house officials say today's meeting will allow the three nations to, quote, coordinate a path forward and compare notes on the move. this comes just hours before president biden leaves for his first trip to asia since taking office. over the next several days he will make stops in south korea and japan with hopes of reinforcing those alliances, of course, with china in mind there. plus, we are watching a continuing losing streak on wall street. the dow down again this morning, though, not quite as far as it...

families can't buy baby formula. >> bill: 40% of brands are out of stock nationwide. one republican lawmaker saying she is hearing from border agents who say their facilities have entire pallets of formula set aside for illegal immigrants crossing the border. >> these agents themselves have families and they have family members that can't get this baby formula in the stores. in texas and arizona, new mexico. the richest nation in the world and we're scrounging around for baby formula? >> the formula crisis is just one of many disasters facing biden's administration. americans scroung...

feel any significant relief at the grocery store or gas pump. fuel costs just hit another new high, $4.40 a gallon on average for the first time ever. >> cnn white house correspondent jeremy diamond is traveling with the president. jeremy, the president gave a speech about inflation yesterday. today it's supposed to be more about food supply. what can we expect? >> reporter: yeah, victor, but inflation will still be very much top of mind for the president as he addresses this dueling issue of rising food prices, as well as this global food shortage. part of it sparked by the war in u...