not actually the fed chairman jerome paul christi, just recently said that the labor matter market is way too hot. so maybe he gets this wish and the labor market is starting to cool down quite a bit. i mean, if you look at those weekly figures that we've gotten here on thursday, as you mentioned the highest level in a month, even if in general, the level is still pretty low. but there are more and more science and the labor market start. so softening, there is some word that google, for example, is going to pause hiring for about 2 weeks. we just heard here on thursday, after hours from the social media company at nap, that they're actually going to reduce, hiring substantially that stop by the way, is down in our trading by about to 25 percent left. and right to hear more and more stories that companies start to pause hiring and in some incidents we even see some labels. okay. yeah, we also heard a bit of good news from the airline sector today. both united and american airlines reported their 1st profit without government assistance since the beginning of the pandemic. we know that

well, a daniel at the fed chairman jerome paul just recently said that the labor market in the u. s. is unstained, ably high. well, what does that mean? so now we have more than a $100000.00 jobs, so more than expected. so obviously the labor market remains a pretty hot. there was a slight negative. if you look at the participation rate that a fell and probably also the pandemic is still a factor by a lot of people do not return to the labor market yet. but if you look, for example, at the job openings, they're still almost at the record highs some so overall and the labor market is doing pretty well at this time. so good news in the labor market, but where is this going to go? are economists expecting the rate of jobs growth to slow i mean to a certain degree, we already do. see that growth is slowing. so the figures of june, when it comes to new jobs was a little bit lower than what we see in may. but then we have the federal reserve aggressively increasing interest rate, so they want to calm down the economy. and with that also job growth. so it is pretty likely that job growth

jerome paul did not scare the market and expressed hope for the speed of price reduction in the comingths. we expect to see strong evidence that inflation is declining, which will mean a gradual return to two percent. we expect the pace of rate hikes for open market committees to be commensurate. the markets breathed a sigh of relief after such statements and showed a real rally in the broad market index, regained the mark of 4,000 points, however, the further decision of the us federal reserve will depend on incoming macroeconomic statistics. the economic recession in the united states is already reflected in the reports of the largest companies. the figures for the second quarter of such flagships as microsoft and google turned out to be worse than forecasts. and today , the results of their work will be presented to apple in the uk next winter, there may be power outages, such a forecast was announced by the operator of the unified british power system national grid, the peak will fall in the first half december, and the reason will obviously be the cessation of russian gas supplies

jerome paul did not frighten the market and expressed hope for an early price reduction.he coming months, we expect to see strong evidence that inflation is declining, which will mean a gradual return to two percent. we expect the rate hikes by the open market committee to be commensurate. the markets breathed a sigh of relief after such statements and showed a real rally. broad market index. the mark of 4,000 points would return, however, the further decision of the us federal reserve system will depend on the incoming macroeconomic statistics. the economic recession in the states is already reflected in the reports of the largest companies, figures for the second quarter. here such flagships as microsoft and google turned out to be worse than forecasts. and today the results of their work will be presented to apple unicredit is studying options for leaving russia schitgeneral, that is, an urgent sale for a symbolic amount of unicredit does not suit preferable from the point of view of the bank's managers looks like an adequate deal with investors from countries friendly

but the us stock exchanges have reacted to all this powerful growth, because the head of the fed, jerome paulomy not is in recession, there are many areas in which the situation is very good , the fall of the russian economy accelerated in june. this is already minus four and nine tenths of a percent. compared to last year, the ministry of economy explains this with the problems of export industries, for example, chemistry and metallurgy, as well as those industries where there are a lot of imported raw materials. and this for example, cars, construction and furniture production. but the real incomes of russians, on the contrary, slowed down the decline in the second quarter, minus 0.8%. and again the mines of the economy explains that this is thanks to the money from the budget from june 1. 10% indexed minimum wage subsistence minimum and pensions of non-working pensioners in the russian stock market players. looks like today they decided to switch to profit-taking after four days of growth of the ruble. yesterday the price went up, today it's going down a bit . uh, the dollar again climbed

now that is something that jerome paul was asked about as well, but he said the indices in the market at present. in particular, if you look at the drug market, which is increasing by some 350000 each month over the past 3 months, as this type of into c would never preceded recession that didn't in the past. and he doesn't believe it's going to now is president joe biden has emerged from 5 days of isolation after contracting corona virus. biden told reporters in washington, he was feeling great, but they pandemic was not over. he said, serious illness can be avoided with vaccines booster shots and treatment. our white house correspondent, kimberly hallett has more, after isolating in the white house residents for 5 days, you as president joe biden emerged in the white house rose garden to the sound of cheers and applause, to celebrate and declared himself coven free. after he tested positive last thursday, the u. s. president celebrating the fact that he says his policies as well as science allowed for a quick recovery and noting that it was a sharp contrast to that of his predecessor

now that is something that jerome paul was asked about as well, but he said the indices in the market at present. in particular, if you look at the drug market, which is increasing by some 350000 each month over the past 3 months, as this type of in the c would never preceded recession, it didn't in the past have. he doesn't believe it's going to now are you a secretary of state antony blinkin says a substantial offer will be made to secure the release of basketball player britney griner and from the u. s. marine pool whelan, they're both currently detained in russia. he says he'll speak to his russian counterpart, sag elaborate in the coming days. good reason issues. it's a top priority for us. the release of americans, paul whelan, and brittany griner. we won't be detained and must be allowed to come home. we put a substantial proposal on the table weeks ago, facilitate the release. our governments are communicated repeatedly and directly on that proposal. and i use the conversation to follow up personally and i hope move us or to resolution. while patty col hand joins us from washi

the chairman of the federal reserve, jerome paul discussed that very issue. he wouldn't be drawn on whether there were going to be further hike increases this year. he hinted that there may be, but would not state specifically he said, come september when the fed meets again and just then a decision will be taken on the available data at the fed has made very clear that the whole point of this is to drive down the inflation rate, which is now over 9 percent. the fed insists it's got to get inflation down to at least 2 percent. and this is the aim. this is the intention of this interest hike now, this is the 4th in this year, 2.5 percent is the highest that the interest rate has been since 2018 or some have welcome this. the markets have actually sold in the wake up to rome pals announcement the dollars gone up by some 400 percent. there has been the sentiment on wall street for example, that the fed is to be welcomed in terms of his aggressive action. however, some economists are arguing that pushing the interest rate to this extent could result in a recessio

the chairman of the federal reserve, jerome paul discussed that very issue, he wouldn't be drawn on whether they were going to be further hike increases this year. he hinted that there may be, but would not state specifically he said, come september when the fed meets again, just then a decision will be taken on the available data. but the fed has made very clear that the whole point of this is to drive down the inflation rate, which is now over 9 percent. the fed insists it's got to get inflation down to at least 2 percent. and this is the aim. this is the intention of this interest type. now this is the 4th. in this year, 2.5 percent is the highest that the interest rate has been since 2018. some have welcome this. the markets have actually sold in the wake up to rome. house announcement, there has been the sentiment on wall street, for example, that the fed is to be welcomed in terms of his aggressive action. however, some economists are arguing that pushing the interest rate to this extent could result in a recession down the line. now that is something that to roam, paul was asked abou

the us federal reserve raised rates again as a solution explained the head of the department jerome paulrket reacted in our material the us federal reserve raised rates by 75% for the second time in a row while continuing to fight inflation, despite the slowdown in the economy and extremely high risks of a recession, in addition, the regulator maintains plans to expand the reduction program from september the balance sheet doubled to $95 billion the decision was expected by almost all experts. bloomberg respondents predicted just such an outcome. however. the main thing for the markets was to hear how the fed will act until the end of the year, because economic data is not just weak, but frightening, and raising rates only finishes off the economy, which has already fallen, but the head of the fed, jerome powell. it doesn't seem to be intimidating. he allowed another big increase and, in addition, noted the commitment to the fight against inflation, and he refused to recognize the recession at all, even optimistically said that inflation in the coming months would begin to decline in the

that's where jerome paul, the head of the fed, who considers there almost in the eleventh place the mostont of the house, which are sitting on a heap, he doesn’t epilates with no numbers. he says yes it's fine. we have everything in the economy. and in general, in principle, everything is fine. what a recession, we just have a continuous one. i mean, i'm not even corinne jumpier. this head of the federal reserve is sometimes considered to be higher than the ministerial body. you are the same as the prime minister of this or that country. he says everything is fine, in general. we have some sectors of the economy where there is a very large growth, did not even explain which industries do not know there production do not worry. yes? same this is the method of arrest. we have a counteroffensive. oh sorry industry, where is the big growth. and by the way, this is, well, a tracing paper of the action, she is amazing fantastic a. in fact, 75 by the end of the year is another one percent. they'll pick it up practically. it's about the bet. so today, everything has already taken place, a recess

paul volcker. i don't think jerome powell is a paul volcker. we have to live through the pain to fix this.if you don't stop it, we will get worse and worse economic problems down the road. every project that the government does will go overbudget. consumers will find their living standards eroded. charles: right. >> we have to fix inflation but in order do that we have to take some pain and the question is, is the world willing to take pain today? and the world i see doesn't want to take much pain at all. it is way easier to cut rates than it is to raise them. charles: by the way that is for everything. we don't want any physical pain, emotional pain, we just don't want it. if we can get a pill, fine. >> right. charles: we talk about things that are happening. we try to find solutions on the show. you mentioned four things, inflation, government debt, fuel, supply chains including labor which were destroyed by lockdowns, fiscal policy being a disaster. is there a way to get all of those things fixed? >> you know, charles, unfortunately part of this is looking back. we should never, ever, s

jerome powell talking about the run-away spending and debt? i don't think -- maybe i missed something. that's what alan greenspan would talk about and paul volcker. i don't know. i don't recall him saying anything and the run-away government spending. >> neil: you were fair criticizing both sides there. there's steve moore's christmas party invite. we'll keep -- kidding, kidding. all right. i want to thank you very much. by the way, as many were wrapping up there, we're learning that spirit airlines has terminated a merger agreement with frontier. spirit was going to take to it their shareholders. in the end they decided to junk it. that deal as it was originally intended between spirit and frontier to shore up airlines so they could deal more in unison with what is separately and individually -- they've had a time dealing with it. it's put off. more details. we'll see what their options are or they don't fall on anyone and take their chances. meantime, we're also getting word that meta, the parent of facebook, if you will, has a big earnings miss and a steeper than expected revenue drop. that is really pounding the stock in after hours