May To News Today : Breaking News, Live Updates & Top Stories | Vimarsana

also breaking this morning, signs that the labor market, which has been stunningly strong for so long is now cooling. fed watchers and wall street very warily awaiting these numbers. i'll talk to acting labor secretary julie su for her take on the numbers and the strength of the u.s. economy. and later, more heat for an already weather-weary nation. over a dozen dead nationwide from the high temperatures. >> i have asthma, so the air quality is really hard on my lungs, and then with the heat on top, it's like having a meltdown all in one. >> when could we get some relief from the b...

dream. most americans in a brand-new poll say the ability to achieve their true goals is increasingly out of reach. hello, welcome everyone, i'm sandra smith in new york. and john, hello to you. >> john: good to be with you on this tuesday. this is "america reports." 61% of those polled by the wall street journal say they are pessimistic about being able to achieve the american dream. as families get crushed by record high gas prices, skyrocketing inflation. >> sandra: it is hard to believe, the average price of gasoline has jumped nationally today to another $0.05, i should say, ove...

So roben, this was a lower jobs number than expected. how do you read it? >> i think that it's kind of a non-release other than the wage data, which might give the fed more ammunition for at least one more rate cut, probably two, you know, following in september. having said that, and this is an ongoing theme, when does the fever break. how many rate cuts do we have to push through to see trickling job gains or contraction in job gains. can you land this economy perfectly without any sort of recession. i'm doubtful about that, but i think the fed not worried so much about job formation right n...

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