let's get back to james sullivan, head of equity research at j.p. morgan.arry summers has come out and said the u.s. needs a jobless rate in excess of 5% for a sustained period to curb inflation. of course that harks back to the old phillips curve, which was defunct at some point. is he talking out of his hat, or does he have some basis in fact with this? james: with all the respect to larry, i do think it is the wrong number to focus on. this is not just an issue with the recent comments, it is an issue with the press more generally. we focus on the unemployment rate because it is easy to focus on and everyone thinks the understand it. the challenge is the definition of the unemployment rate is the percentage of jobseekers that are out of work. that is a critical definitional issue. the number that makes more sense is the total number of employed people in a particular country. that takes away, are you actively seeking a job or not. we have talked in prior segments about the importance of the participation rate in the broader employment base. the participa

he is due to emerge from that meeting that is being attended by the national security advisor james sullivan as well. and that should be wrapping up momentarily . so we're watching carefully for that. and of course, we'll be bringing those details as soon as they're available. or i can be, thanks lots to soon as we get any further development. so thanks for him to be you . created president is called on the west to step up its weapon supplies, say russia, now japan, the 5th of his country flooding his lensky has told luxemburg parliament, his troops are up against almost entire russian army with frontline, covering more than a 1000 kilometers. while the crating military says fear street fights are taking place in the eastern cities road, the next russian forces control 80 percent of the city. it is one of the last 2 major urban centers in the hands, korean that have not fallen. on wednesday, the regions governor said troops had partly retreated while waiting while waiting at western weapons supplies. officials say a russian missile has hit railway lines in the western deliveries and we shoul

plus, stephen welcomes: michael che and admiral james stavridis featuring jon batiste and stay human. and now, live on tape from the ed sullivaner in new york city, it's stephen colbert! ( cheers and applause ) ( band playing ) >> stephen: i was late. i'm sorry. i was late. i was late. i was late. i missed-- good to see you. hey, how's it going? hi, happy-- happy with-- please have a seat, everybody. thank you very much. very kind. welcome one, welcome all to "the late show." i'm your host, stephen colbert. ( cheers and applause ) lovely to be in here with all of these beautiful people here this evening. you out there, i've never met most of you out watching the show out in tv land. but i'm guessing, like me, you're still trying to process yesterday's mass shooting in uvalde, texas. if you're heartbroken and you're frustrated, you're not alone. americans have witnessed gun tragedy after gun tragedy, and while it can be argued there are many reasons. we all know the biggest reason for the tragedy is the gun. and right now, the united states has approximately 400 million firearms, which is more than 40% of the total guns in the

james thompson, iowa state university, dr. timothy. the next meeting will take place on monday june 13th at 5:00 p.m. thank you. >> commissioner sullivan. commissioner wong, a report on the operations commitsy. >> here, the operations committee last met on april 20th and we had three presentations including zero waste career pathways pilot program. healthy homes program and essential worker ride home program. our next meeting will be on wednesday, july 20th at 5:00. >> any other discussion, commissioners? seeing none. let's go to public comment, kyle. >> we will begin with public comment here in the room. once in-person comment has concluded, we'll proceed to remote public comment. are there members of the public present in the room who wish to speak, if so, come forward one-by-one and speak clearly into the mic. seeing none, we will proceed to remote public comment. members of the public who wish to make a public comment on this item should press star three to be added to the queue. for those on hold in the queue, please continue to wait until it's your turn to speak. seeing no calls in the queue, public comment on this item is closed