joining us in a "closing bell" exclusive is former treasury secretary jack lew it's good to have you, secretary lew, welcome back. >> good to see you, sara. >> so what do you think this jobs report does to the recession debate >> i think it's a good jobs number i don't think there's any way to read it as a bad number. it means there's a strong economy even with hates being increased pretty dramatically. i don't think we should think it's a sustainable number. we don't have enough people to grow the labor force that much continually month after month. but it means that in the very difficult process of transitioning from the covid economy to a more normal economy, so far the fed has managed to raise rates pretty substantially without the underlying economy taking too much of a hit. i think we have to expect -- >> what. >> go ahead. >> just this idea of transitioning to a more normal economy, it's something the white house is saying. it's something we heard from secretary yellen and president biden appeared his press secretary in fact today. i wondering if the market is a little skeptica

jack lew is weighing in on the state of the economy and whether a recession is avoidable. have a leaves growth will slow in what he says was not a normal moment. >> i think we have never seen an economy come out of a shutdown like this when the world is in the unusual and unique spot that it is in. i am optimistic that this can be managed without having a full-blown recession. it is not out of the question. mark: he spoke with bloomberg television today. global news 24 hours a day, on-air and at quicktake, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. ♪ kriti: pinterest is due to report is earnings. the shares are higher today. it has fallen more than 45%. this year. the platform has been feeling the pressure on digital ad pricing. and no user growth -- and low user growth. ed ludlow is also getting married, i bet he is using pinterest quite a bit. >> pinterest is interesting. we have seen deceleration in topline growth and a worsening. the big difference with pinterest is that they make less money per user than their peers. t

larry summers, tim geithner, jack lew, hank paulson, and bob rubin join over 120 leading economists including nobel prize winners, with analyze the inflation reduction act and agreed will lower cost, reduce inflation, address a range of critical and long-standing economic challenges. there are three new polls out today from political, yahoo! news and navigator research that underscore the american public's overwhelming support for the major components of the bill, including lowering the cost of prescription drugs, requiring large corporations on the wealthiest americans to pay their fair share and lower health insurance premiums. americans are weighing in with resort -- support for the act and that is in contrast to republican members of congress who want to block this legislation to protect tax welfare for the wealthy corporations. not only that but, while congressional democrats want to lower your prescription drugs and health-care costs, republicans want to put medicare and social security on the chopping block. every year. like ron johnson repeated yesterday, the choice is clear, we urge