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Jobless after just 18 months due to illness. now this kitchen serves hundreds of meals a day to the homeless. the official unemployment rate might be at record lows, but safe house outreach says they have seen an increase in the number of underemployed. >> on a given year we'll see about 4,000 people. >> reporter: this is the report being presented to the united nations, it finds if you are one of the 40 million americans living in poverty, you are likely to stay that way. the american dreamidly becoming. work working for tips can often earn as little as $4.13 an hour and have to make until re...

Ste -- heaarwood. >> i'll look for a better comparison. >> thanks. >> i want to bring in professor of economics, kenneth, who serves on the panel for the new york federal reserve. former chief economist at the monetary fund. he is an expert in the economic downturns. you and i were talking a couple weeks ago in davos at the world economic forum. you were not worried, but you were thinking about things that can go wrong in this very finely-tuned, well-humming economy. is it this, or does this not figure into the things you're worrying about? >> for stocks, this was exactly the big risk. interes...

Hollywood. the dollar sunk, to like, at record lows, in like the past three years. because this guy that's involved in funding hollywood movies, is now our treasury secretary. we need a low dollar. guess what, you asked for it, you got it. >> you got your low dollar. >> we'll go live to davos. >> all the dollars that you and your wife posed with? half of them are gong. >> wrap yourself up like a cape? yeah, what was that, by the way. i can't let that one go. i know it's very unimportant. but that was like -- that was incredible. they posed. like -- why? >> anyway the dollar -- >> three-year lo...

Foreign policy. when we have high levels or sustained levels of unemployment, that's also foreign policy. again, the example we set can often be as important as anything we say or do. >> then what kind of an impact do you think i mean the economy seems to be going well, unemployment's at record lows, the stock market's at record highs. >> that's all good and people admire that. on the other hand they see the social divisions within america. they don't understand our use of guns. they don't the whole opioid epidemic. they see the political dysfunction, the partisanship, the attacks on the media...

The new year is getting off to a frigid start in 2018. in new york last night hundreds of thousands of people were not deterred. they packed times square. they braved those 9 degree temperatures and gusty winds to watch the ball drop bringing us into 2018. the icy temperature made it the second coldest new year's eve ball drop on record and with much of the midwest and the northeast already besieged by freezing temperatures, ice and snow, that was under way. so now the bitter cold is spreading down to the south. record lows are predicted for much of the country, and i want to bring in cnn mete...