way. >> yes! >> and this will be fun. see you in the bronx. >> let's do it. >> and we have to be concerned about the homeless that will be here. >> exactly. >> so wonderful to see you all in person and to be together. >> so great. >> yeah. it's great to spend all of this time with you. >> finally. 24/7. you learned to love, haven't you? >> yes! >> and it's been good for you. >> 24/7. >> they say i should send it to stephanie ruhle, who picks up the coverage right now. ♪♪ hey, there, i'm stephanie ruhle. it is friday, june 4th, jobs day. i'm here at the westfield garden safe plaza mall in my home state of paramus, new jersey. i'm pretty sure malls were invented here. over the last few weeks we've seen the country make its way back to some sense of normalcy.

packed stadiums, family gatherings, restaurants back to 100% capacity. what about the economy? is it on the same path? just a few minutes ago, we learned the united states added 559,000 jobs in the month of may, employment is still lower than pre-pandemic levels but the games are strong and in line with expectations. today's news follows a surprisingly weak jobs report we saw last month when experts were predicting a big gain. total employment is still creeping up but we are not back to where we once were. we talked about people moving into new industries and away from jobs they once had. the numbers seem to be reflecting that. the hard-hit leisure and hospitality industry is still down 2.5 million jobs but it gained almost 300,000 in the last month. and what about that crazy disconnect between employers and employees? right now 48% of small business owners are reporting they have unfilled job openings, but i want you to look at the numbers,

millions of americans are still looking for work. 2.6 million have been unemployed for longer than six months so why aren't they getting these jobs? again, these numbers aren't going down but we're moving in the right direction and have to address the disconnect. one of the hardest hit over the pandemic has been women, specifically mothers. at the peak of the pandemic, nearly 11 million women were out of work. that number dropped to just under 4 million. but if you look around, it is clear. this recovery seems to be gaining steam. we're on the right track. people are eager to get back out in the world and the numbers are showing it. this is good news all around. consumers, they're spending. over the last few months, it's getting higher. are you ready for this, hiker than where it was before the pandemic and after spending the last few days right here in this mall, i can tell you, we can see it. shoppers are here and they're spending. i want to bring in my guest

nbc's mike memoli at the white house, jason furman, who was chair of president obama's economic advisers, michel martin, director of the new start career network at rat gerz university and john hope ryan, founder and ceo of operation hope, be financial literacy nonprofit. michael, i must start with you. we know the president will talk in about an hour. what are you expecting him to say? i assume he's going to try to connect this report with his push for infrastructure, but can he ask for more spending when the economy is really doing well? >> steph, you know, i covered joe biden's presidential campaign from start to finish. one of the hallmarks of that campaign was not to dwell on any one good or bad poll, to focus on the broader trend. as we expect to hear from the president the next hour, we expect to hear him echo what i have been hearing from advisers, as much as they're pleased with this report, they're not focused on any one data point but the

broader trend. the broader trend they argue is one that reinforces the president's message, what he's already done in terms of american rescue plan worked. the largest strong growth for any new president in the first four months of the administration. the economy hasn't fully rebounded over what we've seen from the course of the pandemic and requires a further investment in the economy. i think it's interesting as well, steph, where the president is going to be delivering his remarks. of course, not here at the white house but in rehoboth beach, delaware. he was there celebrating his wife's birthday. that is part of why. but another reason is the public health implications. may 14th is when we go that new cdc guidance about masking. the white house saying this jobs report doesn't fully capture the psychic boost that came from the economy from that moment when we can all removing our masks, vaccination pace has only picked up as well. focus is not just on what the president's remarks are later today but the meeting, phone calls he's going to have later

this afternoon with shelley moore capito. we expect both sides to be using some of this jobs data to make their case for either why the president should go more robustly in favor of a bigger infrastructure package or why maybe a more cautious approach like republicans are arguing is what's called for at this point, steph. >> jason, for months we were talking about the v recovery, looking for the v recovery, but it was nowhere to be found. when you look at this report, what does it tell you? >> this is a respect afl number of jobs. over 500,000 average for four months in a row. the united states economy is a huge complicated thing. it was always unrealistic to expect we would wake up one morning and it would all be back, especially in the month of may when still a lot of people weren't vaccinated. but you do look one level deeper, and you see a lot of job openings out there. you see huge wage increases, biggest since the 1980s, and my

big concern in this report, labor force inflation rate actually ticked down a little bit. that's what i'm going to be watching going forward. >> why is that? michelle, you work directly with people who are unemployed, many for months and months. why is that happening? we keep hearing people are choosing to stay at home but there are job openings out there and wages are going up. >> yeah, there are job openings out there but other things that go into the quality of jobs, the types of work that's available. part of what we hear from the people that we're working with is also the hiring process is broken. they go through multiple rounds of interviews. they will be contacted by recruiters, never to hear from those recruiters again. there are a lot of things that are sort of underneath these numbers and how the process takes place that people are really struggling to navigate. and to be able to access that work. we already had trends, i think,

prior to the pandemic where we really needed to be thinking about the quality of jobs, 43% of jobs were of low quality based on working conditions and so forth and that still exists. in many ways i think it's been exacerbated. then when you add in the hiring issues that we see, how employers are recruiting, adding personality assessments, one-way video interviews that will rate people on how agreeable they look in an interview, i think it's very complex and there are a lot of things that are going on that can have an impact on whether or not people are finding work. >> john, could the free market take care of this? help us understand how you see the disconnect. we know people want better jobs and higher wages. we know corporate america is flush with cash. even small businesses at this point have gotten a huge amount of government support and now they're reopened. is the market going to just fix this itself?

john? >> the market will help, and we may have a forced reckoning on a living wage, which is a good thing and that won't reverse. but i encourage the white house to look not at additional spending but additional investment. we're through the period if you have a reckoning, realignment and risk. people want a rest because they're exhausted and out shopping because it's almost therapy for them in the short term. but the stimulus got us to a point where people can sort of take a breath but what we need is i war plan, very much like the marshall plan after world war ii that pivots us into the next economy and people are not seeing that bridge. you can have three children, full-time job at 40 hours a week, and still under the poverty rate at $26,000. people say why should i do that? it's not connected to the can

new economy. the digital economy has disconnected so they're applying over the i the net internet. families are saying who will take care of my kids, my day care plan? there are a lot of issues people are looking for a plan forward. yes, they were forced to deal with the fact the wages were insufficient. we've got to a minimum wage conversation, which was sort of ridiculous, to a living wage conversation, which was completely appropriate. by the way, they will take all of that money and put it back in the economy. to put it another way, by rich granting those who want to stay rich, they still benefit from this living wage, that's a beautiful, positive thing, but we still need a plan from the government around long-term infrastructure and that means people and not just roads. >> never forget some of the most successful companies in the world -- walmart, amazon, you

know what they would benefit from? low-wage workers making more money and spending more money. how do we move forward when we don't agree why people aren't working? democrats say childcare issues. we look at the data, it doesn't show that. help us understand this. >> look, there's a lot of factors. the biggest is probably it just takes time to match workers to jobs. certainly the virus is out there. i think unemployment insurance has played a role. in some cases that can be a good role. it can help people find the right jobs for them. in other cases, it can have a down side. but the important thing is look forward. every one of those issues people talk about is going to solve itself over the next few months. what's the landing pad for after this? infrastructure plan, support for families and some form of unemployment insurance, not what we have now, but some cushion

still there after september. i think that's the most important conversation now, that forward-looking one, not the factors that are going to solve themselves in the next couple of months. >> and we will have unemployment insurance after september. we always have it. what we won't have is emergency action. john, does it feel like it's time for emergency action to be over? we are going to lose the extended unemployment. we are going to lose the rent moratorium. is that a good thing? is the country ready to kind of stand on its own? >> well, it's time for us to transmission from temporary stimulus to long-term investment. what was plaguing us before 2020 is now really aching us now as a really problem at the core of our economy. wealth and income inequality. there are a number of different ways -- stephanie, it's social justice through an economic lens. black unemployment, by the way, is 50% higher than everybody

else. that's what this report also says. so if you were doing bad before, you're doing it really bad. if you're disconnected before, you're really disconnected. if you were doing well before, you're off like a rocket. wall street is on fire. but those at the bottom have too much money at the end of their money. whether you're white, black, red, brown, you won't more green. and that group is saying enough is enough. i'm voting with my pocketbook. i'm voting with quality of life. i will no go into a situation is that i feel is not healthy. and i will be aspirational. why should i go back to a day-to-day job where i don't see a future ? short-term results have to stop and we need a plan. we need to pivot into the long-term reinvestment and reimagination plan. we're the best country on the planet. we can do better than this. every time we pivoted like this,

the economy has done this every time, every time. that's supported, every time. we need to do it now, sustainably with new skills, not just with a hand out but hand up. >> trickle down doesn't work. if you build a stronger, better foundation, you'll get a bigger house. michelle, what do people need most to support themselves, those who are struggling? >> i think certainly people need access to resources that are going to help them be able to have stable, somewhat stable financial situation. that's why i think extended unemployment has been really important in order to help people make the kinds of matches they need to make. we also think people who need support and being able to navigate this entire process if i need to make a career change, how do i do that? what does that look like? how do i access those kinds of positions. a disturbing statistic is the fact that companies actually become more focused on hiring people with the same background

so they're not as supportive of career change in these kinds of circumstances. that's something for us to be paying attention to. i also think that to be aware of the fact 40% of people who are unemployed are long-term unemployed. that means out six or month months. that has its own significant impact on people, not just financially but also mentally, emotionally. people become discouraged. it's much harder to have to brand yourself or sell yourself to the future employers when you're in that kind of state. so i also think we have to have a more holistic approach to how we're supporting people and understand the real long-term impact this could have. >> time for employers to stand themselves. thank you all so much. we're going to leave it there. i would like to bring in democratic governor of my home state right here in new jersey, governor phil murphy. governor, i wish you were here with me in paramus. alas, you're not but i'm glad

you're joining me. let's talk about what a big day this is for new jersey, ending its covid-19 public health emergency today. how is the reopening going? what are businesses telling you? >> stephanie, it's good to be with you and i hope i see you soon in paramus or elsewhere. i also want to say i'm wearing the orange ribbon today for national gun violence awareness day, to my friend fred guttenberg and thousands who have lost lives to gun violence, bless you. we're with you. our health numbers have consistently day to day gone in the right direction. it has allowed us to open this state back up wide. there are very few restrictions in place, frankly, and they are for the most part face masks when you're on a plane, bus, train, hospital, things like that. the jersey shore is alive and booming. our lakes, our main streets, things are getting back to normal. god knows we need it.

you can feel an unburdening up and down the state and it's about time and it feels good. >> we do have the labor disconnect here. what's the solution? >> yeah, i think we have it here as well. so we went from having among if not the lowest unemployment rate in the nation to one that is still sticky, the national numbers that have come out are encouraging. i think it's a combination of things, stephanie, i think it's more time on the clock, i do support jason's comments that this is temporary to some degree. perhaps it's due to that somewhat to the $300 premium. i think that may be part of it. but i actually believe it's a combination of things that i think it may be day care. we're not entirely full on in school, so you've got some realities of taking care of your kids. i think you've got folks who are scared still to get back into an indoor setting. i think the more folks we get

vaccinated and our success in new jersey has been good on that front. we still have a ways to go. i think this moves itself out over a number of months. >> let's talk about jersey and joe biden's infrastructure plan. as it stands, any household making more than $400,000 will see a tax hike. this is already a very high tax state, and we know people have been leaving in part because of the cap on the s.a.l.t. deduction. could new jersey risk losing a lot more people to other lower tax states because it's too expensive to live here if this infrastructure plan goes through? >> a couple of things, it turns out people in fact are not leaving new jersey. the census showed we gained many hundreds of thousands over the last decade and in the past year alone, somewhat due to the pandemic, by the way. a lot more people are coming than leaving. that does not mean we don't care about cost of living or the price you pay to live in a state

that we think is the number one state in america to raise a family. i would just say when you're the densest state in the nation, which we are, in the densest region in the nation, in the northeast corridor with a more than our share of legacy assets, any infrastructure program, we are a huge winner. where it's roads, bridges, rails, tunnels, offshore wind, broadband, you name it, jersey is a big winner in that equation. >> how about the human side of it, the family plan? are people from the state of new jersey going to want to back precommunity college, more support for childcare? >> we're already doing it. so in many respects, the biden plan, we're flattered because a lot of this is very consistent with what we're doing. a lot of what we do is income

means tested in terms of access to free community college or access to the first two years of free tuition for four-year college. we roll out pre-k. we are huge believers in pre-k. each year we roll out more seats in more communities. childcare aggressively, childcare health. there are a lot of steps that we're doing are very similar, if not exactly like what's being discussed by the biden administration. we think they're doing a great job. we love the direction of where this is headed. >> let's talk about covid for a moment. new jersey covid deaths at nursing homes are among the highest in the nation. we know that 85% of nursing home residents are vaccinated but only 61% of staff. do you want nursing homes in this state to stark requiring employees to get vaccinated and get safe? listen, you're absolutely right on the numbers.

the residents deserve a huge round of applause because their vaccination rates are among the highest of any long-term care in the country. and the staff has lagged. i have to say it's frustrating. the staff -- i'm not trying to vilify the staff, because they've been heroic the past 15 months as our hospital workers, essential workers, first responders. but the numbers are not acceptable. what we said to family members, to residents themselves, ask the operator what's the percentage of staff vaccinations here and what's your plan to get this to a higher number? it's going in the right direction and it needs to go in this direction faster and hopefully it will. >> before we go, what do we need to do about all of these cyberattacks, governor? are we taking things seriously enough? >> boy, i will tell you, i hope so. i know we are in jersey. we've been attacked at the state level and local and county

levels. our office of homeland security and preparedness said this is probably its highest priority. and our resilience to be able to recover and respond is a particular focus. but you've seen, stephanie, in the private sector my fear is this is going to become a more and more regular occurrence, and we know these are -- they may be criminals but we know in many cases they are state sponsored, if not directly then indirectly. we know who the state and foreign actors. and we've got to have our guard up. these are painful lessons we're learning. let's not have to learn them too many times. >> cyber warfare, it is massively important. we all need to focus on it. governor, thank you for joining me this morning. i appreciate it. as the governor just mentioned, he and i are both wearing orange today. it is wear orange day to support survivors of gun violence. he mentioned our dear friend steve gut enberg who lost his

daughter jamie. i want you to know there have been 313 gun violence incidents in the last 72 hours alone. this problem plagues every state in this nation and has to stop. governor, thank you for raising this awareness. fred, we are thinking about you today. >> thank you, stephanie. god bless and god bless fred and jamie's memory. we're going to have much more on this morning's breaking news. 559,000 jobs added in may. one of the president's top economic advisers, jared bernstein, joins me live. but up next -- in less than one hour, former trump aide don mcghan set to testify after a two-year legal battle. he didn't want to testify, but here he is today. a former lead investigator in the mueller probe joins us on his top questions he wishes he could be asking don mcghan. plus, after months and months of silence, former vice president mike pence speaks out on the january 6th attacks and former president trump's actions around it.

you get unlimited data for as little as $25 a month. but when you bring a friend, you get a month for $5. so i'm bringing everyone within 12 degrees of me. bam, 12 months of $5 wireless. visible. wireless that gets better with friends. [ echoing ] some of us were born for this. to protect people. to help them save. with a home and auto bundle from progressive. ahh. i was born for this. and now it's prime time. cut. jamie, what are you doing? you're not even in this one. i thought it was thursday. sorry. -it is. -i thought -- i thought it was last thursday. i don't feel sick why should i cure my hepatitis c? how can i handle one more thing? you can stay on track and be cured in only 8 weeks with mavyret. you can keep your momentum with mavyret. before starting mavyret your doctor will test

if you've had hepatitis b which may flare up and cause serious liver problems during and after treatment. tell your doctor if you've had hepatitis b, a liver or kidney transplant, other liver problems, hiv-1, or other medical conditions, and all medicines you take. don't take mavyret with atazanavir or rifampin, or if you've had certain liver problems. if you've had or have serious liver problems other than hep c, there's a rare chance they may worsen. signs of serious liver problems may include yellowing of the skin, abdominal pain or swelling, confusion, and unexplained bleeding or bruising. tell your doctor if you develop symptoms of liver disease. common side effects include headache and tiredness. now, i can live life cured and feel free. 8 weeks was faster than i thought. now, it's your turn to keep your momentum with mavyret. talk to your doctor about mavyret. there's interest you accrue, and interests you pursue. plans for the long term, and plans for a long weekend. at thrivent, we believe money is a tool, not a goal. to learn more, text thrive to 444555, or visit thrivent.com. we know how much you count on us...

...and that's why we're here 24/7... ...and on the road maintaining a fast and reliable network. we're always working to ensure the internet meets your needs... ...by making access easier for all... ...with comcast lift zones and our internet essentials program. we're invested in making our apps easy... ...to give you personalized assistance around the clock. and we're committed to keeping our team and customers safe by working from home... ...and using precautions in store. see what we're up to at xfinity.com/commitment

welcome back. you're watching msnbc and we're following several breaking stories now involving new legal drama from three key members of president trump's former circle. in less than an hour, former white house counsel don mcghan will testify before the house judiciary committee behind closed doors. it's all about former president trump's alleged attempts to

obstruct the russia investigation. second, a law enforcement source confirmed to nbc news federal prosecutors are investigating whether republican congressman matt gaetz of florida obstructed justice during a phone call with a witness in a potential sex crimes investigation. and we have to talk about this, former vice president mike pence, now acknowledging the january 6th insurrection, where crowds were chanting hang mike pence is now saying it was a dark day in our nation's history but he's not going as far to criticize former president trump. >> you know, president trump and i have spoken many times since we left office, and i don't know if we will ever see eye to eye on that day. but i will always be proud of what we accomplished for the american people over the last four years. >> here now andrew weissmann, who formally served as fbi general counsel and former

senior member of the mueller probe and yamiche alcindor, moderator of pbs. this is two years too late. what does this actually get you? >> on the too little too late, there really is a systemic issue here which the house is trying to remedy with a bill, which is this just took so long. there's a lot of blame to go around. the house didn't press this as quickly as it should have. the white house tried to delay it, as does don mcghan and the courts are slow. all of that needs fixing. on the other hand, it is important for people to actually hear from the proverbial horse's mouth. in other words, it's one thing to hear from don mcghan indirectly through the special

counsel counsel report but now people are going to be able to ask him questions under oath and hear what he has to say, and to remind viewers, he critically said that he was asked by the president to lie to the press and memorialize that lie in a memorandum and give it to former president trump. and the lie was about whether the president asked to have special counsel mueller fired. so that could be quite explosive hearing it directly from don mcghan as opposed to just reading it. >> okay, so let's say he says it. what does it get anyone? >> well, look, i agree with you that it's -- >> what are the consequences? >> it's already out there in the mueller special counsel report, but it will be don mcghan under oath saying it.

will it convince people on the far right? no. will it be conformtory of what people on the left think? yes. but i still think as a process matter, it is useful and hopefully it leads to systemic reform so you don't have this two-year delay because it's hardly congressional oversight when it takes two years to hear from witnesses. >> let's talk about former vp mike pence and a reminder, insurrectionists were hunting him down january 6th, chanting, "hang mike pence." we are finally hearing from him but all he's saying is it was a dark day and he and trump don't see eye to eye. it's not saying much. is he calling for a commission? >> it doesn't sound like he's calling for a commission. and what you hear though is mike pence saying something that he didn't say in the four years where he was vice president, which is that i disagree with former president trump on an issue. remember that mike pence was

someone that no matter what was going on, no matter whether it was -- a lot of people that former president trump knew getting charged or going to prison, time and time again you saw mike pence stand by the president, including when they were separating children from their families. the list goes on of things that the trump administration did that were controversial at best and critics would say racist and problematic at worst. but what you see here is mike pence at least showing a little daylight between him and former president trump. and that i think means something. i think at the end of the day, mike pence understands hee operating in a republican party that has taken the side of president trump, former president trump, on this issue, and that there's really a retelling of january 6th going on, a complete distortion of things that actually happened. mike pence wants to be understood as understanding this was a problematic day and he also understands the party isn't interested in hearing mike pence really go after former president trump in any real way.

>> it's a problematic day but we're not getting that commission. andrew, from a legal perspective, what's the fallout? is it the department of justice doing everything that they can to go after these insurrectionists? >> well, it remains to be seen. what i'm looking to see is whether they will put together a true conspiracy case that involves the oath keepers and the proud boys. bringing these individual cases seems like child's play. i mean, everyone was caught on tape. so while there were a lot of these cases, they're also rather mundane in terms of being able to put them together and prove them. so it remains to be seen whether they're going to be able to get to the finish line. >> andrew, let me ask you about congressman matt gaetz. we already knew he was facing legal issues. are they getting a whole lot

worse? we read the headlines and think holy cow, this is special, and at the same time he's going out there raising money, shaking hands, kissing babies? >> if they can prove obstruction, those are wonderful charges for the government to get. they're simple. they have a lot of jury appeal. it's like going into a crime scene and taking some of the evidence. the one thing we do know that i think happened with this reporting that is good for matt gaetz is there seems to be a law enforcement leak and having been in law enforcement, those things are awful for you. because matt gaetz is going to use that if gets indicted to say that, you know, there's improper activity going on and he's entitled to know how this happened and is there an investigation going on? i'm confident the department of justice are concerned and worried and want to get to the bottom of how that leak happened. >> andrew, only you see charges

as beautiful charges. i have to ask, matt gaetz is trump's boy. how is the news media handling all of the news about him? >> that's an interesting question. i think the big question will be how loyal will former president trump be and the people around him? we know the former president is someone who has shown him skfl to be very cut-throat when it comes to people bringing him down. we know matt gaetz was in touch with him after he's been out of office but i think it will come down to how serious are these charges and whether or not any sort of issues matt gaetz has, whether or not they rub off -- i'm not saying former president trump would be involved in the activities, but just the association might be problematic for him as he talks about going on campaign rallies and still being a big part of the republican party. matt gaetz, if he becomes problematic just based on talking to trump sources, it seems as though the former president would be very quickly ready to drop him and move on from him if needed.

>> he might say, you're fired. thank you both so much. we're going to leave it there. coming up, i mentioned at the top of the hour, we just got the monthly jobs report. 559,000 jobs added last month. good news. we will get reaction from one of president biden's top economic advisers. first, behind this number are americans, millions and millions of americans who are getting back to work over the last few months and breathing a very big sigh of relief. >> it felt like over the past year just with covid and losing my job, i had to deal with a lot of bad news kind of over and over again. it felt really great to finally get some good news. ief with a revolutionary, rollerball design. because with the right pain reliever... life opens up. aleve it, and see what's possible. i didn't realize how special it would be for me to discover

all of these things that i found through ancestry. i discovered my great aunt ruth signed up as a nursing cadet for world war ii. you see this scanned-in, handwritten document. the most striking detail is her age. she was only 17. knowing that she saw this thing happening and was brave enough to get involved and do something— that was eye opening. bring your family history to life like never before. get started for free at ancestry.com if you wanna be a winner then get a turkey footlong from subway®. to life like never before. that's oven roasted turkey. piled high with crisp veggies. on freshly baked bread! so, let's get out there and get those footlongs. now at subway®, buy one footlong in the app, and get one 50% off. subway®. eat fresh.

a lot of snacks are packed with air but not planters nuts. our dry roasted peanuts have an incredible ratio of size to substance a delicious, salty, crunchy ratio. planters. a nut above. [ suspenseful music ] crunchy ratio. hey, you wanna get out of here? ah ha. we've got you. during expedia travel week, save 20% or more on thousands of hotels. expedia. it matters who you travel with.

we got the may jobs report this morning with the united states adding 559,000 jobs, setting the stage for today's infrastructure talks in d.c. president biden is set to meet with senator shelley moore capito, the lead republican negotiator, talking again after talking just two days ago. sounds like good news. the second meeting coming just as we learned about the president's later counteroffer, keeping all of his 2017 tax cuts and paying for the bill with a 15% minimum corporate tax rate. you know what that means? it means everybody pays. and with all of this, president biden is still going to need

every democrat on board with his plan. senator manchin doubling down on the need for bipartisan in an interview with our own garrett haake. watch this. >> are you ready to go it alone with just democrats? >> i don't think we should. i really don't. >> at all, at any time? >> i don't think right now -- we need to be bipartisan. i always said this, i have never seen a pothole that had a republican or democrat's name on it. it will bust your tire, i don't care who you are. >> right now let's bring in a member of the president's council much economic adviser jared bernstein. always good to see you. i want to start with talking about the president's idea to raise money with a new minimum corporate tax rate. this sounds like something most americans and lawmakers have been complaining about forever. dozens of fortune 500 companies who pay nothing. does this proposal mean no matter what, no matter what, businesses are paying 15%? >> i will definitely speak to that but only if you promise to go back to this historic and

positive and extremely welcomes jobs report, one that shows the kind of progress this president intends to keep driving on behalf of the american people. record job gains, multiples of the beginnings of any other presidential administration, so as long as you're willing to get back to that, i will answer your question. that's a quid pro quo, in case you didn't expect it. look, that's precisely what the minimum tax is intended to do. it's really a safety net against the kind of loopholes that have pervaded our tax code that have been so beneficial to those at the top. by the way, as you well know, this is an environment of extremely high corporate profitability, so you have this double problem of accumulating income at the top of the scale that's increasingly untaxed. solid minimum like this is very important. by the way, it's also critical to recognize there's no jettisoning of the tax plan in the jobs plan here, comprehensive tax reform, corporate side, individual side,

for folks over 400-k, that's still very much part of our policy agenda. but please let's talk about the jobs report. >> we're going to talk about it in one second then. this idea though, this minimum corporate tax rate, that's something republicans could absolutely get on board for. my sources inside this white house are saying that president biden wants a deal with republicans, full stop. he does not want to focus on reconciliation. if you can reach a deal on the pay fors, is the size the easy part to solve? can you shrink this thing down? >> this isn't the venue for the kinds of negotiations that involves. i can only say the president has been extremely forthright in sticking with good faith bargaining. he's yet to say, my way or the highway by a long shot. he continues to work with anyone who's willing to oppose his edicts against inaction. that's the key. there has to be action. there can't be tax increases on

families below 400-k and we have to deal with our infrastructure. if we can do it in a bipartisan way, this president will make that happen. >> what gives you any faith or confidence that it's good faith on the republican side? mitch mcconnell has made it clear he doesn't want to play ball. >> look, i was just seeing a picture from your own show, and it wasn't mitch mcconnell sitting on that sofa, it was senator capito. so he's not the only republican. and the negotiations, ongoing. okay, i've kept my part of the bargain. now we have to talk jobs. >> let's do it. let's talk jobs reports. this is fantastic news. when we look at stimulus spending, we know we're on the right track. at the same time we are seeing a bunch of states canceling expanded unemployment. we don't need it. there are so many jobs out there. do you agree with that? can we say, let's cancel the expanded unemployment and use that money elsewhere, seeing how well this recovery is going?

>> i think the important part for us is to stick with what we're seeing. in the jobs report, i said when i was out here you have to take a couple of months and average it. since this president has taken office, historic gains for the american families and economy. 500,000 jobs per month. you cannot find -- pore through the data -- an administration that started with that kinds of jobs record. again, on behalf of people getting back to work. shots in arms, checks in pockets are absolutely part of this, as is just the inherent resiliency of the american people, something this president has always believed in and something he's tapped deeply with the american rescue plan. now, the unemployment insurance program has been a critical part of that success, helping to provide people with the insurance they need to get ahead. as states roll off, you're going to have different conditions at different places. you have the president say if people are offered a suitable

job, they have to take it. look, we're still over 7 million jobs down from pre-pandemic levels. we still have an unemployment rate, which by the way, fell to 5.8%, the lowest since before the pandemic. so, man, we are on the right track with real alacrity here. but we're not done. >> but to your point, we're doing so well. we have an enormous amount of job openings. to me the best part of that report is wage growth. >> yes, thank you. >> if we are seeing wages go up and jobs out there, why not deploy that $300 kicker elsewhere where we really need it? >> it's a fair question. think of it this way though, you're in a vehicle, you're heading towards a destination, your foot is on the gas. you're going faster than you thought. you thought it was going to take you six hours to get there. maybe it's going to take you four hours. but you're still not done with your trip. you're halfway through, three-quarters of the way

through. we can talk about those timing issues but you're not there yet. i hear some of the calls essentially saying, why we're making this significant progress to our goals, we should sort of cut the policy short and stop the car, pull over, get out. no, we have to keep going until we get there. by the way, when you're talking about unemployment insurance, it is in place until early september. i think that is very much in keeping with the analogy of we're getting there but we're not there yet and we have measures in place that will automatically adjust as that program comes off in early september. >> we are certainly on the right track. it is a good day for jobs in america. jared, always good to see you. thank you for joining us. coming up next -- americans are spending more now than before the pandemic. what are they spending their money on?

feeling sluggish or weighed down? it could be a sign that your digestive system isn't working at it's best taking metamucil everyday can help. metamucil psyllium fiber, gels to trap and remove the waste that weighs you down. it also helps lower cholesterol and slows sugar absorption to promote healthy blood sugar levels. so you can feel lighter and more energetic metamucil. support your daily digestive health. and try metamucil fiber thins. a great tasting and easy way to start your day. welcome to allstate. ♪ ♪ you already pay for car insurance, why not take your home along for the ride? allstate. here, better protection costs a whole lot less.

you're in good hands. click or call to bundle today. we just told you about the economy adding 559,000 jobs in may. we're getting back to normal. this morning, so is our behavior as consumers. with shots in arms and masks off, america is ready to party and trying to look good doing it. during the pandemic, we bought things that felt good and focus less on our appearances. but national changing now as people are heading back to malls like the one i'm in right now after a year stuck inside.

the mall has been predicted for years. the pandemic speeded it up, seeing a number of retailers closed. >> we are seeing a high number between now and july. >> reporter: and they were well-known names. >> brook brothers filed for bankruptcy protection. >> reporter: neiman-marcus, gnc and others. >> reporter: including department stores like jcpenneys. and with that some have found new lives with grocery stores, complexes and even distribution centers for amazon and other online stores, the very businesses that boomed during the pandemic. >> online it grew three years worth of growth in one year when covid hit. >> reporter: but covid might have a silver lining. as people got vaccinated and restrictions lifted, many logged off, closed their laptops and headed back to the mall. >> now in recent months, it feels like a mall again, if that makes sense. >> reporter: visits to the mall, similar to before the pandemic.

what does this feel like now when you walk in and the store is packed with people? >> it's a brand-new store. feels like a reopening of some sort. >> reporter: does it feel like people have money to spend? >> yes, they're coming in looking to spend and looking a half of isolation at home, malls offer something perhaps taken for granted. >> online doesn't feel the same. going back in stores and looking and seeing the options again, going in the fitting rooms feels better. >> it's an opportunity to touch and feel and socialize. shopping is a leisure activity, a family activity. >> reporter: seizing the moment, the need for personal connections with friends could be a path to success. how important is it to have things beyond just shopping? >> i think it's essential to our success. if we were just a bunch of stores and didn't have great restaurants, didn't have entertainment and the theaters

everything we would often someone could get from the couch. >> joining us now rent the runway founder and ceo jennifer hy marn and eric o'toole. jennifer, you saw demand for your business plummet in the pandemic but now subscribers are up 100% and went just started reopening. what is your data telling you? >> we haven't seen anything like this. this is not a return to 2019. we are -- the customer is living in a completely different world where she is maximizing every moment in the life and living with a renewed thrive. she is wearing the trendiest fast forward styles that we have seen in the over decade in business. we are seeing that she is coming from a wider set of geographic

occasions. double our subscribers are saying that the reason they sign back up is this is a more sustainable way to consume. so her values have shifted over this pandemic and she is favoring spending her money more on experiences and sustainable business. >> people were doing the bare minimum for personal care last year but we're going out again. how are things changing? >> yeah. hi, stephanie. good to be here. people are caring for themselves so a lot of activation on things like derma planing and higher end skin care like body wash. we have seen a move upward, especially at the higher end of our portfolio. jack black and creme in the higher end are performing well.

and one of the things is sun care. tourism was under a lot of pressure over the past year and over the past few months especially starting in march a lot over folks heading back to the beach as we saw in miami and we are seeing a real pickup in the sun care brands right now. >> jennifer, your business used to rely on people getting dressed to go to work or special occasions. it is amazing to me that demand is up and not really back out there yet. what are people getting dressed for? >> she is renting for an entirely new set of occasions. vacations are up 4x to 2019. birthdays are up 2x. brunches up 2x. she is taking the micromoments and amping them. it could have brunch with the family. it is about this philosophy of

carpe diem and covid will be the biggest accelerant and the economies crushed in the pandemic i think are about to not only v-shape recover but to a stronger position re-evaluating how to spend our money. >> that is amazing. eric, do you agree with that? >> i do. in fact, we see some interesting trends in the women's side. women really couldn't get to spas over the course of the past 12 months and took some of those activities back into the home, doing hair remooufrl and we think and data tells us they will continue to do that. there will be a return to spas for sure but the interest to recognize i can do this at home will stick to some degree. >> i think -- >> waxed and ready to party. jen, you just said you think covid is this axel rantd to the

experience economy. six months ago did you think we would be having this conversation right now and up 100%? >> absolutely not. this is -- this recovery is happening much earlier and steeper a clip and while the country is only 40% fully vaccinated. as you mentioned the going back to the office, the weddings, the black tie occasions aren't really coming back until the fall and that was the core of my business so this 100% up is an entirely new segment and use cases we had never really seen before so getting back to the core business will be just gravy. >> all right. thank you both so much for joining us here at the garden state plaza? people are back. they're shopping. even before this mall has opened there are people lined up at sneaker stores down stairs. consumer spending is up and same

time inflation is up. it is great to see people back to work. not great news that prices are going up but wow. consumers are back and spending in a very big way. before we go we want to update you on this breaking news. former white house counsel don mcgahn arrived on capitol hill. in a few moments he is set to testify before the house judiciary committee. it will be behind closed doors and all about former president trump's alleged attempts to obstruct the russia investigation. there's a lot of news going on today but this wraps up the special hour here at the west field garden state plaza. i will be here all day with updates on jobs, and the economy and where we are in terms of the american consumer. hallie jackson breaks up coverage on the other side of the break as we await the president's remarks on that jobs report any minute now. don't go anywhere. anywhere.

12 months of $5 wireless. visible, wireless that gets better with friends. woo! you are busy... working, parenting, problem solving. at new chapter vitamins we've been busy too... innovating, sourcing organic ingredients, testing them and fermenting. fermenting? yeah like kombucha or yogurt. and we formulate everything so your body can really truly absorb the natural goodness. that's what we do, so you can do you. new chapter wellness, well done. (vo) ideas exist inside you, electrify you. they grow from our imagination, but they can't be held back. they want to be set free. to make the world more responsible, and even more incredible.

ideas start the future, just like that. ♪ it's grilled cheese time. ♪ ♪ yeah, it's time for grilled cheese. ♪ ♪ after we make grilled cheese, ♪ ♪ then we're eating grilled cheese. ♪ ♪ because it's time. ♪ ♪ yeah. ♪ ♪ time for grilled cheese. ♪ limu emu... and doug. so then i said to him, you oughta customize your car insurance with liberty mutual, so you only pay for what you need. oh um, doug can we talk about something other than work, it's the weekend. yeah, yeah. [ squawk ] hot dog or... chicken? [ squawk ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

so, you have diabetes, here are some easy rules. no sugar. no pizza. no foods you love.

stressed? no stress. exercise. but no days off! easy, no? no. no. no. no. but with freestyle libre 14 day, you can take the mystery out of your diabetes. now you know. sir, do you know what you want to order? yes. freestyle libre 14 day. try it for free. good morning. this morning any minute you have president biden set to address those may jobs numbers that have just come out. the report showing nearly 560,000 people found a job last month but this missed expectations for the second month in a row. check out the big board. wall street's not too upset. with the markets up in the first 30 minutes of trading. we have the economic team standing by for the president live right here before he heads