hi, there. i'm chris jansing in for stephanie ruhle. it is friday, february 4th, and we start with breaking news and it is a real shocker on the economic front. the latest jobs number is out, and it is much, much better than we expected. 467,000 jobs were added in the month of january. the unemployment rate ticked up slightly to 4%. but it wasn't just january. february and november got huge revisions, adding a combined 709,000 additional jobs to the ones previously reported.

all this comes despite the fact that many economists were expecting a low number, perhaps even a negative number in the january report because the survey was taken in the middle of last month's covid spike. joining me now to break it all down, i want to bring in cnbc senior economics reporter steve liesman, jason fuhrman, douglas holtz-eakin, an economist and president of the american action forum, and karen kimbrough, chief economist for linked-in. i don't know if all of you are surprised as all the headlines would indicate we should be, but, steve, what's your take on these numbers is this report as good as it looks? >> i am surprised, but i'm also a little skeptical. i think viewers have to know the bureau of labor statistics has had a very difficult time in this pandemic counting jobs. you teased that in your opening remarks when you said how much the prior months had been revised. there was an original print, i

guess they said it was 210,000 in november. that number is now 647,000. to -- so they added some 400,000 jobs to november, several hundred thousand more to december. i'm skeptical of this number to the high side. i think there may have been fewer jobs created this time around. but i don't think that matters all that much. i think the story that people need to know is this -- the jobs market is very strong. employers are out there looking for workers. wages are going up. there is a shortage of workers. and so in any respect that you look at it, i think job market is reasonably strong. i'm a little skeptical of this number being quite so strong. why? because the month that the bls looked at how many jobs were created that week was the same week as the peak of omicron. and i think there were a lot of people who were out of work who mafk counted just this month. overall, though, i think the jobs market is very strong. >> jason, could we see a revision of this? how do you read these numbers?

>> over the last year the data has constantly surprised us and been revised. this month they tell a clear and consistent story. you see the headlines job number, a large increase in labor force participation taken from a different survey, you see the employment rate rising, and you saw really strong wage growth. wages up 0.7% in a month. in context, it averaged 0.4% per month last year. yeah, this may be revised but we'll look back at january as the month that the virus ceased to be all. >> douglas, bring this into a sort of conversation that the average american can understand. a lot of folks got, frankly, their 401(k) statements from january. they were terrible. they see this jobs report and think great, so this is a sign that things are going to come back. and then they look at the stock futures today and they're down.

put it all in context for us. >> well, i think we can easily understand the stock market reaction. that's simply this guarantees that the federal reserve will not just raise in march but will continue to raise rates through the year. and quite frankly they may raise more rapidly than before, perhaps twice as large as expected. there's some small chance to that. put the stock market aside, what we've learned from the past couple years is with each wave of the virus, the economy has proven or the more and more resilient. there's less economic impact of each wave, and this one we powered right through. to me, the biggest number in here is that a third of those jobs were in leisure and hospitality. that's the most hard hit sector through the pandemic. it's the place where a lot of the least skilled and experienced workers need a job and are now looking to get a job. and so the combination of labor force and high wages, that's a

good-news story for the average american. that's what you want to hear. >> let's talk, karen, about hiring from your perspective. linkedin has new data. does it show things moving in the right direction? >> it absolutely does. we're seeing jobs created this month at an unprecedented rate. we saw hiring a record level of 8% on the month and 27% relative to a year ago. so for us it's been absolutely a banner month in terms of labor market and it suggests to us that employers are looking beyond the virus right now. they're ready to hire. and it also suggests based on our data that we're seeing a lot more applications per role, a lot more people applying to multiple roles, so it suggests people are starting to look beyond omicron and coming back into the market. early days but a positive sign. >> steve, there seems to be this big change. in december of 2020, there were 7 million job openings but 1

million unemployed. a year later, it's the exact opposite, nearly 11 million job openings, just over 6 million workers. as we look ahead, what do those numbers mean for the economy? >> they mean we have a very long way to go before the job market is in any kind of balance out there. there are all sorts of reasons we have these problems. you have additional people retiring. we expect a larger number to retire with the aging of the baby boomers but more than what was expectd are retiring. we have a huge lack of immigration in this country. it began in the trump administration, continued in the biden administration. we have child care issues where women can't come to work because of issues with the virus and school closings and taking care of their kids. so it means that the economy has been strong but hasn't had the workers that it's needed to really grow maybe as much as it

otherwise would. so that means good news for job seeker, people who are willing to look for additional work, should be able to find raises we see that in the data. if you leave your job and got a new one, chances are you got a better paycheck. >> you talk about certainly the issue of inflation and the average american saying, look, i'm going to the grocery store and it's costing me a lot more money. maybe this is another data point that says it is. but when you look at the concerns, including the fact there are a lot of businesses out there that are having trouble hiring, what are the issues you think that in terms of keeping a robust economy, what are the things we need to look at and what needs to happen? >> i look at where we are in terms of labor supply, how many people are wanting to accept all of those job openings that are out there. i expect over the course of this year we probably see an extra something like 200,000 jobs a

month just from people returning to the labor force who left it. but there's a huge question mark around that. if that happens, we could be in a pretty normal place a year from now. if that doesn't happen, we'll maintain a pretty distorted economy as people are trying to consume at a high level without a commensurate number of workers to make things. that will be the big thing to look at, what's called labor force participation. >> douglas, that's one of my big questions, the psychology of omicron as it relates to jobs and people who have decided maybe i'm going to retire early or i'm going to take a break or i'm going to look for something else, my job now isn't fulfilling. is there any way to track that and sort of get a handle on if you are somebody who owns a business? how do i fill those jobs and appeal to those folks? and are there people -- how many of them actually can be appealed to? >> businesses can provide higher

wages. we're seeing them do that. so, you know, the paycheck is in the end the biggest incentive to get people back. you can change the work environment and the flexibility, and you see employers doing that as well. they will try to push at every margin to get people back into jobs. i think for the administration, the lesson is simple. the private sector is strong. handle over the recovery to that sector. let the government combat the pandemic and not take your eye off the ball as they did last year, focus on controlling the virus to the extent possible, make it possible for people to go back to work in the presence of maybe new variants and the labor force problems will take care of themselves. they originated with the virus and can be cleared up. >> thanks to all of you. president biden set to speak about an hour from now on these numbers. but in just a couple minutes i'll talk about this huge economic headline and what it really means with labor secretary marty walsh.

stay tuned for that. now to that nasty storm, that snow and ice that's making life miserable for millions of people right now. it stretches roughly 2,000 miles from texas to new england. more than 350,000 people are without power right now across eight states as temperatures dip below freezing. for people trying to travel, it has been a nightmare from widespread flight cancellations to at least a quarter inch of ice on roads in places like oklahoma, arkansas, and ohio. and check out this scene in texas, multiple crashes that have blocked highway 10 leaving traffic at a stand still there, drivers stuck in their cars for hours, temperatures in the low 20s. nbc's morgan chesky is a little further north in dallas. what's it like where you are, morgan? what can you tell us? >> reporter: another frigid morning, and a quick note, i actually grew up in curville.

that stretch of highway is brutal to be trapped on. feeling for those drivers right now because in that area and here in dallas we're still facing subfreezing temperatures for at least another 24 hours in some areas. there is a windchill advisory in the coastal city of corpus christi. that is borderline unheard of. meanwhile, here in dallas, any precipitation that fell yesterday was more or less packed down and is now frozen on a lot of the area roadways into a complete sheet of ice. we just witnessed an accident, in fact, about 100 yards from where we're standing when a car ran into a power pole, causing a couple nearby transformers to pop. and that's an important note, chris, because as we look at the texas state power grid that was crippled and failed in many ways this time last year during a storm, we expected to have the highest level of demand placed upon it this morning with these incredibly low temperatures. at last check, the grid is performing as needed.

there are upwards of 20,000 to 25,000 outages across the state of texas, but those are local outages. for example, a tree limb into a power power line causing an issue in a neighborhood there. we're told by the governor there are 10,000 linesmen ready across the state to address those outages as you needed. but even losing power for a short amount of time in this frigid weather is brutal, much less than those trapped outside in it in their cars. chris? >> yeah. i say your interview yesterday with a guy who spent days in a sleeping bag. let's hope that doesn't happen for folks there. thank you, morgan chesky. and coming up, u.s. officials taking the rare step of revealing key intelligence and publicly accusing russia of trying to stage a fake attack by ukraine to create a reason for russia to invade. we'll dig into the bitter standoff next. but first, we've got some fascinating new details about the operation that killed a

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developing at this hour, dramatic new details of that u.s. special forces and the death of an isis leader. a defense official telling us the u.s. is using electronic devices in the predawn raid

believed to be belong to the isis leader. that intel one more reason the risky operation was seen as such a success. >> thanks to the braveness of our troops this horrible terrorist leader is no more. our forces carried out the operation with their signature precision. >> we've learned a maintenance issue grounded one u.s. helicopter in the middle of that operation and troops blew it up before departing syria after two hours on the ground. let's go right to nbc's courtney kube, who's been following this from the beginning. an impressive strike for a lot of reasons. what more is the pentagon saying about the operation and the impact they think this might have on isis moving forward? >> you're absolutely right. his predecessor was killed in a similar raid.

he was a well-known name. that was a big deal and people knew who he was. they didn't know -- most americans, most people don't know a lot about his successor. he was in the job for a little over two years, but he really didn't make as much of a mark. that is due in part to the fact that isis hasn't held territory during that time. there wasn't an active battle or war going on between the united states and isis and the iraqi security forces and the syrian forces. he was not as well-known. that being said, this still was a significant blow to the isis terror network, both symbolic and operational. we heard a little bit of the specifics about why the u.s. military, why the pentagon believes this was such a signature blow to the isis terror network from pentagon press secretary john kirby yesterday. here's what he had to say. >> haji abdullah was a very hands-on leader and involved in

many day-to-day operations of isis and certainly keenly interested in restoring the lethality and the higher op tempo that isis once enjoyed. so his death we believe dealt a significant blow. >> reporter: in addition to the fact they took out this terrorist leader, there is also the value of any intelligence they were able to gather from the site afterwards. you mentioned that they were -- the u.s. troops who went in there afterwards were able to pick up some electronic devices believed to belong to that isis leader. that kind of intelligence can be very valuable going forward as well. >> courtney cube, than you for that. the u.s. releasing new intelligence of russian plans to stage and film a fake attack by the ukrainian military which would then give russia a pretext to invade ukraine.

the kremlin denies the claim. u.s. deputy national security adviser john finer sharing more new details right here on msnbc. >> we don't know definitively this is the route they're going to take, but we know it's an operation under consideration that would involve actors playing mourners for people who are killed in an event, that they would have created themselves, that would involve the deployment of corpses to represent bodies purr important -- purportedly killed. they have used these pretexts in the past. we think putting this out will make it more difficult for them with the claim they had to do whatever they decided to do. >> and vladimir putin arriving in beijing for a display of unity with chinese president xi jinping ahead of the official opening of the winter olympics of the chinese capital. here at home, there's new footage of u.s. troops packing up in ft. bragg, north carolina, ahead of boarding flights to

eastern europe. >> we flex to whatever mission we need and we were trained an will do the best we can when we get there. >> joining us is erin mclaughlin, joel rubin, former assistant secretary of state. good morning. i know, erin, you have been talking all along to people in kyiv. after hearing some ukrainians weren't too worried, i understand some are telling you they're preparing for the worst. why this change? >> local leaders are speaking up. mayor of kyiv enlisted himself in the ukraine army reserve saying it's up to ordinary ukrainians to defend themselves. they're trying to enlist 130,000 citizens. on weekends, we're seeing men, women, the elderly, teenagers train militarily and medical

training going on on the weekends as well. we were speaking to local restaurant owners, one owner of a pizza shop offering free pizzas to anyone who goes out and buys a gun and becomes a, quote, defender. he was telling us he was on the front lines in 2014 and he believes it is a matter of when, not if, russia invades. take a listen. >> for eight years we live in it. we understand our neighbors are [ bleep ] insane and they have a nuclear weapon and they have a big army, and for me, it's only about time when it will be. but it will be. >> reporter: now, this morning the ukrainian foreign minister said that he believes all of this pressure from ukraine and the west is working. he said he believes diplomacy is working, saying, quote, ukraine and the west have won the first round against russia.

the threat of invasion is postponed, pointing to the fact that this threat has been looming in december through january. now we're in february. but the threat persists noting the 130,000 estimated russian troops on three sides of ukraine's border. chris? >> admiral, very colorful language from that restaurant owner that he believes his neighbors are insane, and that would play into what we're hearing from the state department about this intelligence they say shows, and we've seen this before, that russia would be willing to stage an attack. here's a lit bit more about that pretext. >> we are publicizing it now, however, in order to lay bare the extenltd of russia's destabilizing actions towards ukraine and to dissuade russia from continuing this dangerous campaign and ultimately launching a military attack. >> admiral, do you think that making this intelligence public does dissuade russia from launching an attack on ukraine, essentially sending the message we're not buying it?

>> well, first, as we say on capitol hill, i want to associate myself with the remarks of the ukrainian bar tender. yes, i do absolutely. and i have often said in situations like this shine a little bit of light on it. you don't want to give away your sources, your methods. you'll put agents at real risk. it's fine to talk about some aspects of the technical collection to lay out a little bit more detail of this. the shadowy gangs, that's orchestrated and abetted and authorized by the kremlin. we have to shine more light on that kind of behavior as well, because it has a deterrent effect over time. >> joel, you continue to talk to folks at the white house. what are you hearing from inside about this? >> yeah, chris, as admiral

stavridis said, release of this information is critical to ensure that we are preventing a war. the release prevents a dynamic that everybody, including what we saw from the ukrainian bar tender, wants to avoid. that's where the white house is focused. this is a whole government approach right now. it's a high-stakes game of nerves. we're seeing the white house continually engage diplomatically to keep our allies on board, identifying sanctions, putting that out publicly, calling out russia's disinformation to keep them off balance and make sure they can't undertake operations that use ukrainians and our allies. this is what the white house is engaging in. it's a whole government effort to try to prevent a war so we don't have to see our forces get engaged directly. and i think we should also salute our forces as well for going out and supporting our allies and nato and ensuring they feel confident in american leadership at this moment. >> meantime, admiral, we've been hearing from folks on capitol hill trying to fast track a package that would essentially say we've got our sanctions

ready to go. but there is a debate over whether there should be a package of sanctions that really are tough if there is an invasion or ones that can start even in advance to act as a deterrent. where do you come down on that? >> i think it's an issue about which reasonable people can disagree. in other words, actively you can make a case, in particular, give them a little taste of what these sanctions would look like, maybe some very targeted, very personalized kinds of things. on the other hand, on this one, chris, i think bettor wait but to give full display, and that gets back to shining light. here we're shining light on what russia would walk into and it would be a slamming door right in their face in terms of the global economy, pretty significant. now, having said that, just this morning we see president xi, president putin, the new best friends forever. that is going to be the phone a

friend exit for vladimir putin. so it's a complicated calculus. personally, i would say show them what the sanctions are going to look like but hold that card back until he actually makes a move across the border. >> yeah. xi saying we're not going to have these olympics be politicized, then he has a summit with putin right before the opening ceremony. admiral james stavridis, joel rubin, erin mclaughlin, thanks to all of you. still ahead, we'll which can on the markets after the u.s. economy added that surprising 467,000 jobs in january. and the price of facebook's stock falling big time, losing more value than netflix and at&t. we'll see if this could impact other tech stocks. e if this cout e if this cout other tech stocks. but in only 8 weeks with mavyret i was cured. mavyret is the only 8-week cure for all types of hep c. before starting mavyret your doctor will test

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billion in valuation yesterday. that sets the record for largest one-day value drop in stock market history. it came after meta forecast their first-ever decline in total users and falling profits this quarter. here to break it down, cnbc's dominic chu. my head is spinning. what do you make of this week and what are we looking for in the markets? >> you mentioned the meta/facebook drop. it was closer to $230 billion. to give viewers and listeners context on how big that is, that's like losing about the same size as an entire pepsico in just one day. that's how much facebook lost in market value. >> okay. that's insane. >> it is. it's the same as cisco systems. we talk about big companies. adobe systems, costco, it's like losing an entire costco in one day. what this tells you, though, is meta platforms along with many other technology and telecommunications-type companies have become the real epicenter for a lot of the market volatility we've seen.

you mentioned the meta move. today amazon shares are surging, gaining nearly $200 billion because they had great earnings coming out and they said their web services, their cloud computing division, the stuff that powers so many of the websites and e-commerce sites we use is doing great, growing 40% year over year. so it's become very company specific, the narratives that are out there. you had companies like alphabet and amazon doing very well in terms of their business outlooks and other companies like paypal and of course meta platforms slash facebook that may have struggles ahead. this has become very much a story about individual-type companies as opposed to a broader market narrative. but, chris, it is very much about technology focused companies. >> dom chu breaking it down for us. thank you, dom. this morning, with a little over a week before super bowl 56, nbc has announced it has sold out ads for the game with some going for as much as, hold on to your hats, $7 million for

30 seconds. but the league heads into its biggest game of the year under a cloud of controversy with claims of racism and game fixing. cleveland browns owner jimmy haslem denying accusations made by a former coach, hue jackson, who alleges he was offered bonuses for losses so the team would get higher draft picks after the 2016 and twelfth seasons. he said, "unequivocally hue jackson was never paid to lose games. that is an absolute falsehood." this comes after brian flores said he was offered money to lose, an allegations the dolphins have called false and malicious. since the nfl instituted the rooney rule in 2003, the rule that encourages hiring of minority candidates, of 127 overall coaching positions that have come open, just 27 have gone to minority coaches, and in

the entire league right now there is just one black head coach. that's pittsburgh's mike tomlin. joining me now, "pro football talk's" mike florio, author of "playmakers -- how the nfl really works and doesn't." and michael holly, host of "brother from another" on peacock. michael, nine head coach openings in the nfl this season, six filled, none are black coaches. it looks like the rooney rule isn't working so great. so when the nfl says it's worked to become more inclusive, what do the numbers tell us? >> the numbers tell a familiar story. nothing really has changed. the you look at it, what the nfl was before the rooney rule and what the nfl has been since the rooney rule is pretty similar. you think about this league didn't get its first black coach until 1989. we're not talking about deep into yesteryear with art shell with the raiders in '89.

then the rooney rule came into place in 2003 because african american candidates were not getting what they felt was a fair shot at these jobs. we continue to tell the same story in 2022. it's not a surprise. the one thing the nfl needs to reconcile is that it has a problem, but when it is called out on the problem, it gets very defensive. and generally, and mike can attest to this, generally the nfl doesn't make change unless it comes through the courts or some time of embarrassment. the league, in other words, is not able to correct serious cultural and legal issues on its own. it's usually some outside force that comes in and makes that change. that's why i think brian flores' lawsuit is so effective. >> mike florio, the giants, broncos, and dolphins have pushed back as well against flores' allegations of racial discrimination, but you can't deny the track record.

it's pretty abysmal. what do you see going on here? >> well i think there's a disconnect between the people at the league office, many of whom would like to see this problem rectified -- troy vincent, for example, the executive vp of football operations on the record multiple occasions saying there is a double standard, saying the system is broken. and he will be a key witness in brian flores' litigation if it ever results in a trial because you have words spoken by a key member of the nfl acknowledging there's an issue, not that it needs to be acknowledged. the numbers have been hiding in plain sight. i think the deeper problem is that the teams are owned by oligarchs, plain and simple. very rich and powerful people who ultimately are going to do whatever they want to do, and no one is going to tell them, no seminars, no meetings, no policies new york lawsuits, no anything is going to tell them to do anything other than they want to do. until the nfl -- and this is not going to happen in our lifetimes

if ever -- until the nfl changes the way that teams are owned and operated, this is going to continue. and the green bay packers are a corporation because they had to be in the '20s because they didn't have any money. i've been arguing all week, if they would spin off these teams as corporations, which would have diverse and inclusive boards of executive, layers of executive, not that corporations are immune to violating the civil rights laws, but i think a corporate structure would go a lot farther toward ensuring equality than one person who rolls out of bed any given day and expects to get what he wants. >> michael holley, the other bill allegation coach flores made is he was offered money to lose games and jackson backs himself up with his own story in solidarity. i was looking at all these stories. one of the headlines in the last 24 hours read why nfl teams don't tank for a better draft

position, and the nfl's current draft system clearly incentivizes tanking, so two polar opposite headlines. which is it, michael holley? >> well, it depends. i guess to answer your question, chris, it depends on what year it is. as mike knows, if there's a great quarterback in the draft and you got a bad team and you don't have a quarterback, you are -- you're pretty likely to say, well, maybe we don't have some good players to help us win -- >> -- to win ten games? i'm a lifelong browns fan. >> i grew up in ohio, too, so the browns have had reason to tank for about 30 years. so i know how that goes. i know that story very well. the fumble, the drive, against the raiders in the playoff game at ancient cleveland stadium. on and on. in all seriousness, i think this

is a serious allegation that brian flores, this is really going to come down to brian flores as stephen ross, because the league as we know -- i live in boston now, when there are any competitive issues, any issues of cheating or scandal, the league comes down with a hammer. you know, the patriots have dealt with deflate gate over air pressure in footballs. it was the most expensive investigation in nfl history when they thought the patriots were stealing signals from opposing defensive coordinators. they came out with a loss of draft picks and heavy fines. so if an owner, supposed to be held to a different standard, if an owner encourages a head coach to lose games and incentivizes it with $100,000 per loss, that's a very serious allegation that should at the very least get that owner spnlded for a year. mike, i hear what you're saying about oligarchs, and that's the problem with the league. i think the problem is that

there's a real discomfort for a lot of general managers, presidents, and owners of looking at black leaders as -- black men as leaders. we could be your waumter payton man of the year, you could be our mvp, you could be our ambassador and go out and shake hands, but when we ask -- when we need somebody to lead our organization, we often look in other directions. >> you guys would be a great podcast. i'd love to be part of that. but no one's going to ask me, so. anyway, thank you both, mike and michael, for being with us. a lot more to talk about where that all is concerned. coming up, president biden set to speak about these new jobs numbers later this morning after we learned the u.s. added 467,000 jobs. what does it tell us about the state of our economy? i'll ask labor secretary marty walsch next. labor secretary may labor secretary may walsch next.

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back to the breaking news, the surprising positive jobs report in january showing 467,000 jobs add aid long with revisions showing an additional 709,000 added in november and december. joining me now, labor secretary marty walsch. good to see you. i know the white house was suggesting we brace for a disappointing number. so, was that a little bit of expectations game? are you genuinely surprised? what do you make of the fact that we defied expectations so dramatically? >> first and foremost, very pleased with this report. and maybe i should be a little stronger than that, but, you know, i think we're working this a month at a time. you know, a couple things i'll point out right off the bat is that the american economy, american workers and companies are more resilient right now today in 2022, february 2022, than we were march, april, may, june, july of 2020. we're learning to be able to

adapt and live in some ways with the virus, if that makes sense. and certainly, you know, when you think about what happens, more people work from home this last month than the previous month that were coming in to work, at least for january report. excuse me. and when you look back at the revision for 2021, today when i heard that number, i was surprised when i first heard it from bls this morning and asked them to explain them to me and what the history is about with revisions. we're on par with the last ten years. so it has been on par. bls was able to talk about that to me today. >> when you talk about revisions, look, i'm guessing if this report had been bad you might have come on and said, look, it's just one report, a snapshot in time, not necessarily a trend. is the same thing true even though the report is positive? if we saw the last two months get revised, could the same happen here? i guess in context, people are looking at how reliable is this

number. >> absolutely. if you go back and look at the film since i've been the secretary of labor, i don't lean on one month. we've had some great months in the summer months here at the department of labor, and i say the same way i'm talking today. you know, this is a good report. it's another sign of positive gain. but in saying that, there's a but. we have lots of work to do. the president has a plan to work and ease inflationary restrictions, ease inflation across the country. we've seen some growth in certain sectors here to the economy for wage growth. we've seen great wage growth in hospitality, but we have other areas to go. we saw construction this month, the numbers in construction weren't quite as high as they were the previous month, but we have the infrastructure, a lot of president biden's infrastructure law that we'll see investments there. i'll come on here and be consistent. i will say when i look at a whole year, though, when you look at 2021 and you see 6.7 million jobs that were created and added to the economy after

president biden laid out an economic plan, we can celebrate that. but the next day we go back to work. >> we only have a minute left, and i apologize for that, but good government is nimble. does this change the government's strategy in any way? you mentioned some of the things they're doing for things like inflation. you've been working on supply chain issues. but how do you take this number and put it into what still is a problem within the economy? >> well, we take it and learn from it. we learn every month as we go on, we take the lessons learned from the previous month. i think that, you know, i brought up inflation. i think it's important for us to continue to work at reducing inflation for the american people as well as increasing wages for american people. my goal is to continue to make sure that people have opportunities to get into the middle class, gain wages, gain opportunity for better wages, and to do that we need to bring down inflationary pressures on people because wage growth and inflation doesn't average to a net gain for american people, american families in this country. the president is really focused

on that. he has not run away from it. he's talked about it every single time he's given a speech on the economy. >> secretary walsh, thank you. thank you. still ahead, the u.s. surpassing 900,000 covid-related deaths since the pandemic began pandemic, forcing some hospitals to choose who to treat and even whether to stay open because of blood shortages. we'll dig into all of that next. . we'll dig into all of that next. , we can harness the energy of the tiny electron. we can create new ways to connect. rethinking how we communicate to be more inclusive than ever. with app, cloud and anywhere workspace solutions, vmware helps companies navigate change. faster. vmware. welcome change. it's still the eat fresh refresh™ and subway's refreshing everything like the new honey mustard rotisserie-style chicken.

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and while deaths remain on the rise, public alarm in some states is certainly not. iowa's governor will end the state's public health emergency proclamation and begin treating covid-19 like the flu and other seasonal illnesses. let me bring in an infectious disease physician. we know omicron cases are declining but these deaths numbers, and we always know that the number of deaths follows, right? they are startling. where does this put us in terms of the trajectory and do you think that some folks are moving too quickly on saying that it is the flu? >> i think so. i think that we're still seeing areas whereas you said, you know, cases have just plateaued. overall the country is starting to see a drop in cases but there are still hospitalizations that

are high. so we need to take caution partly because there is also a new question about ba 2 that might be more transmissible. and so i don't know whether that will extend the tail of omicron a bit more. but we're lagging the rest of the industrialized countries in termsof protecting our population. the u.s. has the highest rates of deaths compared to britain or bell france. and so while our trajectory may not look like that, because there is a gap betweens and theirs. >> and in california, there is a dangerously low blood supply forcing some hospitals to close their doors. california is not alone in its concern about the blood supply. how bad is it? >> so the problem here is both demand and supply. partly the supply has dropped overall 10% according to red cross during a pandemic because people are coming into give

blood. but the biggest drop is at colleges and universities. many went virtual, so 50% drop there in terms of donations. and the hospitalizations have been at a high and the need for blood is incredibly high because of covid cases. so in some cases you really are seeing shortages for procedures such ascaesarean sections. and so i can only urge people to donate thousand because we don't know how long for example the surges may continue. >> it is safe, right? you don't have to worry about going and giving blood. >> you do not. and you are vaccinated, you will wear a mask and a lot of the centers have been organized to provide greater protection of both staff and people who are coming there to donate blood. so go ahead and donate blood. >> doctor, thank you. and that will wrap up this hour. jose diaz-balart picks it up

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