we were speaking to marty walsh about the railroad strike. want to play some sound and give you a taste of what he had to say. >> if we don't get to an agreement, congress will have to take action. that is by design and in the railway act. the president has the authority to put together an emergency board, which he did. they came back with recommendations. the unions have to ratify. if they don't ratify -- we have two not ratified -- congress is the last stop to take action. kriti: in that context of a rail strike, what does that do to the jobs picture? you have higher wages. is that something that can change the labor market permanently? dana: certainly we are hearing more about the unions being developed and formed. most people are individual bargainers when it comes to their wages and salaries. we are seeing people express their opinions with their feet. when we looked at the jobs data this week, we are still pretty elevated and you have a lot of job openings indicating people still feel confident leaving their old jobs to look for higher

when i am out on the trail i want labor secretary marty walsh, firing up the crowd. a dynamic guy. play another democrat. will: i asked for this particular -- i said, okay, marty walsh wants to tell us that inflation isn't caused by this administration. pete: correct. will: inflation is caused by essentially three different factors, one the federal reserve printing massive amounts of money over the last two years during covid. two, the spending by the biden administration during covid years. massive amounts of stimulus shoving more money into the economy while there is a restriction of goods that you can spend the money on, the restriction of goods is caused by a pandemic policy of locking down our economy. this should never be overlook or or forgotten. this ex-extented policy should have h shutting our lives down, including our schools, most importantly in our businesses, broke the world's economy. there is really clear. been no accountability. request for amnesty on the policies that broke the world's economy and possibly our children's future. stacey abrams who is

let's bring in marty walsh to join us. mr.for having me today, jim. >> so first to the numbers. it showed a slowing as cared with september. a bit higher than economists had forecast. but begin that there is a lag effect at times with how interest rates impact this sort of thing, is the job market slowing and are you concerned that it is slowing significantly enough to lead the country into recession? >> well, i think what we're seeing is a slow stage tran transition and 173,000 jobs in manufacturing combined since the beginning of the pandemic. we're over where we were pre-pandemic. we're seeing in warehousing and trucking 700,000 jobs over. so we're seeing other industries grow. but we're seeing a slow and steady economy moving forward and what i would predict -- well i'm not predicting anything, but hopefully what we see is consistent job growth and continuing strong economy. we have to continue to do everything that we could to bring down the inflationary prices, and no matter how many jobs we've added and how great they a

indeed, he chose a labor secretary in secretary marty walsh, whose deep personal roots in organized labor joining laborers union 223 at age 21 and served as the boston building trades before he became mayor of boston. together, the white house -- the administration and the congress, we have proudly stood with working people. under president biden and our pro-union democratic majority, we're able to protect pensions, promote the pro-act for collective bargaining and create good-paying davis-bacon jobs in the infrastructure bill, in the chips and science law, and additional legislation. . weep believe that the middle class is the backbone of our democracy. and we believe that the middle class has a union label on it. madam speaker, today we are here to safeguard the financial security of america's families. to protect american economy as it continues to recover. and avert a devastating nationwide rail shut down. we all know that for too long the railroads ownership have made obscene profits on the backs of workers. selling out to wall street and its outrageous precision scheduled railroadin

labor secretary marty walsh. always a pleasure to see you on these fridays. about the state of the jobs market? >> when you look into them, it looks like we're seeing slow, steady growth here. getting back to a position maybe a little bit pre-pandemic that these job gains are great. seeing unemployment numbers low. we saw the unemployment number tick up because more people got into the workforce. but slow, steady growth into our economy moving forward. other than a complete shutdown in our economy that's what people want to see as we continue to battle inflation. >> so the unemployment ticked up slightly among hispanics, black unemployment also ticked up to 5.9%. what do you see in those communities? >> again, i think it's more people getting involved in the workforce. last month we had an all-time historic low in hispanic unemployment, and it shows us in the black unemployment number that we still have work to do. there are lots of folks in the black community in america eligible and looking for work and we need to continue to create pathways for jobs into p

labor secretary, marty walsh. think what we are starting to see now is a transition to a slow and steady economy. there are still jobs available out there. we are seeing the wages have gone up a little bit. a little less than last month. we are seeing gains in those sectors that the people to work in them. guy: marty walsh joining us -- joining us now, michael feroli, jp morgan's chief u.s. economist. did this number change anything? michael: not in a big way. obviously the headline number was stronger than expected. that will keep effect on track to deliver another pretty big hike next month. 50 or 75. still up in the air, i think there were some hints that things are moving in the right direction. you had the unemployment rate obviously moving up, which we don't want to celebrate, that is getting back into better balance, we think. you had a big decline in the household survey measure of employment. if you look at some of these things, like earnings for production, nonsupervisory workers, those were up, so showi

all this as the white house is layoffs are not a trend, listen to what labor secretary marty walsh toldedward lawrence after the last jobs report. >> they got reflected in this month's report, but we are keeping an eye on that. companies over the last 10 years have grown incredibly and created a whole new era of industry so we will continue to monitor that. stuart: this could get worse before it gets better. the consensus view of wall street analysts that the economy will wrestle with stagflation, rising prices, slow growth, fewer jobs. blue went don't care what marty walsh says, it is a trend, layoffs are trend, thank you very much indeed. the former president of levis pushed out of the company after speaking out about covid school closures in san francisco. who new book is out today called levis and button. jennifer say joins me now. big picture for second, get away from the book for a moment, where is corporate woke culture taking us? >> reporter: changing by ftx and sandbag, nowhere good. as if we needed any more proof for what i lay out in my book which is all about the lie that is

lisa: we do here for marty walsh, the labor secretary, how do they talk about a labor market that is when everyone talks about inflation being the foremost problem. from new york, this is bloomberg. ♪ quarks live from new york city, good morning. equity is positive by little more than 1% get the count onto the opens is right now. >> everything you need to get set for the start of u.s. trading. this is bloomberg, the open. with jonathan ferro. >> live from new york, this is the big issue. it job day in america. jobs on the employment report. >> this is a strong implement report. >> a

here's labor secretary marty walsh back then talking up how it saved the economy. listen.eil: you know, i understand that maybe a motivating force at least for the union representatives was republican effort to force legislation to force them to take a deal. how true is that? >> that wasn't true. i think what the motivating force was with myself and, more importantly, the president of the united states of america explaining to both sides what was at stake here. the supply chain working -- the president trying to bring down global inflation pressures, domestic inflation pressures and understanding that if this strike happened tonight, which would have been tonight at 12:00, it would have devastating impacts on the economy. and the american people have been through enough. what we didn't need was a national strike is. david: that's for sure. [laughter] sal style is here to give us more details. just for those who don't know, sal, you're an expert in all of these issues about moving stuff from a to b to z and all the transportation the means that we use for that, main one --

hassan campaigning with a member of labor secretary marty walsh who was here in his personal capacityesterday hassan campaigned with progressive senator elizabeth warren. how does having a progressive like senator elizabeth warren here on the campaign trail with you actually help you leading up to election day to win over moderates? >> you just heard her talking about getting out the vote, and she's a great fighter for families. look, i continue to talk about my work across party lines. i will work with anybody on both sides of the aisle to get things done. >> reporter: bolduc told his supporters that warren does not instill confidence that hasan's going to invest in change for a second term and that, in fact, she's going to double down on every policy that has hurt granite staters. >> she's all about status quo. that's why she has the secretary of labor with her and others that are just going to rubber stamp and continue to rubber stamp. and think about another six years of rubber stamping joe biden's or any of joe biden's policies that have failed. this is wrong. this is about heati

mentioned, the biden administration thought it solved this problem in september when they dispatched marty walsh to reach an agreement, which he did. the president said this was a win for america but here we are a couple of months later staring down the strike deadline for these rail workers at the beginning of december. if they do not agree with the carriers, and if congress does not intervene to force a contract, we are looking at a full-blown national rail strike weeks before christmas. amber: there has been a lot of numbers on how that would impact costs. can you walk us through how that would happen? ian: they haul so much cargo almost everything would be affected. you would have ports where the ships are coming in and goods not getting onto the trains to haul them inland. a retail industry expert i spoke with yesterday talked about how christmas shopping may not be interrupted as much as you might think because a lot of stores already have the nonperishable goods in stock. but it could be bad for agriculture, bad for food on store shelves, it could be bad for a number of other goods that n

the original september deadline for a strike approached, president biden's secretary of labor, marty walsh, negotiated a tentative agreement with the railroad companies and all 12 of the rail union leaders. president biden hailed the agreement as a win for rail workers. and secretary walsh and other union leaders, they praised it as well. we all saw that in the news. it's now clear that the administration cannot close their own deal. eight of the 12 unions voted to ratify the tentative agreement. four voted it down. and rail strike is now possible at midnight on december 9. as we approach a very busy holiday season. now it falls on congress to avert a railway shut down that would literally devastate the economy which is already coping with the disastrous consequences of the administration's economic policies. rail shut down would severely disrupt supply chains and add uh inflation that we are already seeing t would lead to higher energy costs as winter weather raises energy demand. and disrupt global food supplies. estimates are that america's economic output could decline by $2 billion a

manu noted that marty walsh is telling guys, sorry, eat your peas. >> some union members are fine withs deal. i think there are eight unions that agree with it and four that don't. you've got a situation where you've got this very pro union president, somebody who has gone into these union halls and talked with these folks saying, listen, you can get it done. you also have the reality that so many people would be affected by this. essentially christmas could be ruined by this because of the supply chain and the jobs affected. they've got to forge ahead and get this done immediately and essentially tell part of their very important base that they can't actually follow through on something that's very important to democrats. paid sick leave is very important to the democratic party's identity and something they would want to have for workers, but not this point. >> i've been struck by the relative science of the afl, the umbrella labor organization which has given biden a wide berth on this and not jamming him on this issue, which tells me the biden folks did their politics behind the sc

hassan campaigning today with a member of president biden's economic team, labor secretary marty walshand former boston mayor who was here in his personal capacity. and yesterday she campaigned with progressive massachusetts senator elizabeth warren. how does having a progressive like senator warren here on the campaign trail with you actually help you leading up to election day to win over moderates? >> well, you just heard her talking about getting out the vote, and she's a great fighter for families. look, i continue to talk about my work across party lines. you even heard senator warren say i will work with anybody on both sides of the aisle to get things done. >> reporter: bolduc telling supporters to pay attention to the company that senator hassan is keeping, saying that juan tagging along with her -- warren tagging along doesn't instill confidence that she's going to invest in change in the sec term and that she's going to double down on policies that are hurting granite staters like inflation. >> she's all about status quo. that's why she has the secretary of labor with her an

labor secretary marty walsh says the uptick could be the first sign the federal reserve's efforts to slow inflation are working. i think what was starting to see now is hopefully a transition into a slow, steady economy. >> mean that we'll see job growth games, but it's not as strong as they were in the past. and i think that that's what we want to seen earlier this week, the federal reserve raised interest rates again, aggressive push to try and lower inflation but with nearly 2 job openings for every unemployed worker, the fed will likely need to keep taking action. election day approaching, republicans hammering democrats over inflation. families are hurting while campaigning in michigan. former vice president mike pence promise republicans. >> have the remedy to bring prices down policies. >> going to lift the burden of inflation and the high cost of energy on working families. >> democrats continue to blame outside factors like the war in ukraine or supply chain issues for a high cost. of course, this is the final economic report card before election day and come tuesday. voters

but the report also shows unemployment increased slightly from 3.5 to 3.7% labor secretary marty walsh says the uptick could be the first sign the federal reserve's efforts to slow inflation are working. >> i think what was signed to see now is hopefully a transition into a slow, steady economy mean that we'll see job growth games. but it's not as strong as they were in the past. and i think that's what we want to see. >> earlier this week, the federal reserve raise interest rates again, an aggressive push to try to lower inflation. but with nearly 2 job openings for every unemployed worker, the fed will likely need to keep taking similar action. democrats continue to blame outside factors like the war in ukraine and supply chain problems for all the high prices. we're paying for things. of course, this is the final economic report going into election day next tuesday, voters nationwide will decide which party they trust. more to take the wheel on the economy. ken, catherine, back to you. all right, grant, thank you for that. time now for our 4 zone forecast as we step outside >> a lit

this is marty walsh's deal. this is the deal they are thrown to us to make sure we fix it before the holiday starts, before our economy blows up. >> thank you. i yield back. >> mr. raskin. >> thank you. i want to thank both witnesses for their testimony. i yield back. >> thank you, mr. chairman. i have a couple of questions. i was looking at the resolution. side letters, as that pretty typical that it is included in negotiated contracts when they are settled? what would be, this is really technical. what would be a side letter? >> i can only speculate that maybe that is the change the tentative agreement recommended for the railroad workers. i am not an expert in railroad agreements. >> this has never been done? >> in 1992. >> 30 years ago, congress was asked to intervene. a has not happened obviously very often. -- it has not happened obviously very often. congress has intervened it says 18 times in its history. >> i will be done in a minute. i wanted to reiterate what mr. davis said that the president is horri

you spoke with marty walsh. what did he have to say?reporter: pleased with the jobs report but you look at this you mention higher-than-expected report, revisions are moving up, adding 29,000 jobs for the last two months. this shows the federal reserve can stay the course on their rate hikes because the job side of the equation can handle more slow downs. the real pain for americans, average hourly wages going up 4.7%. we had cpi inflation up 8. 2%, average hourly wages, increased numbers coming down. with prices rising faster than wages consumers slow spending. >> don't want to see wages come down. the ideal world we need to bring wages up and pressure at the kitchen table, cost of food and energy down on the average american person. >> construction added a thousand jobs, leisure and hospitality adding 30,000, mining 600 jobs, retail of 7200 jobs, healthcare is the big one, 52,600 jobs. economists say this report indicates nothing to show that inflation will be coming back down. >> the lesson of the 1970s in 1980s is to bring inflation

kathleen: the department of labor secretary marne -- marty walsh.e have covid strategy not going away. we have the fed looking more than ever like it is willing to hike rates aggressively. what is filtering through the age of the most? annabelle: probably china at this stage. it is interesting what we heard there from the u.s. labor secretary really pinpointing how much americans are feeling the effect of inflation area that is -- inflation. that is a focus for traders coming into the week in asia given the u.s. inflation brand. we had jobs numbers. they don't seem to be moving the needle too much. the fed expects to hike by 50 basis points in december. as you said, we have moves around china. that also came through this morning in the last half hour or so with that headline from apple. essentially, they are guiding for lower shipments of iphones in the months ahead area this is their latest, 14 iteration. what they are blaming for this are lockdowns in china at some of their biggest factories there. that is a huge headwind. it shows the impact of s

ed to the to the be labor secretary marty walsh trying to take heat off the white house saying joe bidenme when it comes to inflation. >> quote, inflation was not caused by this administration. inflation is not caused by the amazing work that has been done joining us is president of the heritage foundation. a saying administration not caused by this administration. also have the president saying out there this election cycle is not a referendum. it's a choice. >> well, good to be with you, carley and todd. it's a shame that so many members of biden's cabinet are as dishonest as the president himself. you and i both know because we have talked about it over the summer that when you look at charts regarding inflation over the last two years, there is a strong correlation from that moment that president biden took office in january of 2021, each month inflation ticking up. and intensifying when really terribly named inflation reduction act was passed. all that did was make sure that inflation would be around to stay furthermore, as you talked about in your previous segment, perhaps the bigg

we are also going to be hearing from labor secretary marty walsh at 9:30 am how to they pitted to a constructive message ahead of the u.s. election giving -- given they set unemployment needs to rise to get inflation down. today we are talking about the twitter layoffs. about half the company workforce the longer has jobs. this is an elon musk issue as he comes in and tries to cut jobs. how much is this a tech issue or a broader issue? is this just an isolated case because this is the area that has benefited the most the past 10 years or is this a predecessor to some job cuts we are going to see but not yet. at 10:00 a.m. we hear from boston fed president susan collins at the brookins institute event. how much that she talked about the terminal rate? i was shocked at this. i was looking at the fed futures. a higher rate for pretty much the entirety of 2023. have we priced in this especially at a time when we have this yield inversion version that will only get steeper? >> fascinating to see the fed speak over the last couple days. do we seem split or are they all on the same page? >> to be have

eastern, labor secretary marty walsh should be joining jonathan ferro. how much they will talk about this being a good thing versus a bad thing. it is a perverse moment when job creation is letting people feel more comfortable with where we are in terms of how high the fed will go and what the fed will do. twitter is laying off about 3700 employees, half the company's workforce. this comes as you hear the anecdotal reports in tech companies of pretty significant layoffs. how drink -- how do we get a sense of how this is bleeding out the data? we did not see this yesterday and will probably not see this in the jobs report today. -- at an event hosted by brookings, exactly to your question about what we are doing right now, we are seeing the potential for how high we can go. what is the balance of risks? when do they understand perhaps what we can hold in terms of how high the rates go? >> can we take a look at the commodity screen this morning? renewed hopes that china is about to reopen. the whole of the commodity screen on the bloomberg this morning is

over the weekend labor secretary marty walsh and pete abu judge --buttigieg will be stumping on the trail is growing more competitive by the day. republican nominee don bolduc considered a tour of the granite state, a grassroots style campaign. he says it helped him win the primary and it will help him win in the general. >> i proved you can do a grassroots campaign, your campaign, in worthiness or seriousness as a candidate isn't based on money but hard work. i have $2 million. she has ads. the ads are all lies, people are catching on to that. it is inflation. she doesn't get it. that is what this election is about. >> reporter: remember in the primary republicans were reluctant to endorse bolduc because they didn't think he could beat her but he has a shot the past two weeks, they have been rolling out a roster of endorsements from republicans backing bolduc. neil: thank you for that. hillary vaughan in new hampshire. governor chris sununu, are you surprised the race is as close as it is? >> i'm surprised senator hassan even has a shot because she hasn't shown up for 5 or 6 years. this

marty walsh claims inflation is not caused by inflation.at it, please. >> well, stuart, i'll give you two numbers, write these down. number one, inflation rate when donald trump left office: 1.5 possessor. got that? what are we at today? 8.3, 8.4%. those numbers speak volumings. with the average inflation rate in the four years trump was president was about 2%. something happened when biden came into office and i'll tell you exactly what that was, stuart. it was the avalanche of additional, we estimate $4.1 trillion of additional debt finance spending that was basically financed by printing money, and that's what caused this forest fire of inflation. nine months now, stuart, nine months in a row, we have an 8%+ inflation. stu: how about the next nine months? you want to forecast the inflation rate well into the spring and early summer of next year? >> well, it depends a little bit, stuart, on what happens tomorrow, doesn't it? i agree with what you were just saying earlier that, you know, when you get divided power in washington, which i th

final jobs report, job gains slightly slow, the jobless rate picked up to 3.7%, labor secretary marty walshg the campaign trail with hassan who is in a battle to defend her seat from retired general don bolduc who is inching ahead in recent polls effectively turning this race into a dead heat. both candidates got face time with college students, senator hassan stumping for elizabeth warren. hassan did not mention in her pitch to college students. >> this is really about or future, the stakes are even higher for you than for people of my generation. this is about whether election deniers get to decide who wins an election or whether your votes get to decide who wins this election. >> reporter: don bolduc made heating and eating the number one issue in his campaign. even college students cannot escape inflation. >> talk to college students here. they think about the debt they are in because of decisions senator hassan has made, the job they want aren't paying the money they need to pay certainly not to the extent it will cover this 40 year inflation problem. once again she is off message. >>

labor secretary marty walsh and the secretary of transportation, pete buttigieg make their case tomorrow to senate democrats over lunch. >> where i hope to see it going is bipartisan cooperation to move this quickly through congress and get it to the president's desk. i don't care what your politics are, america can't have a rail shut down. >> some gop members scoffed at president biden. they say the president should have fixed the labor dispute in september. >> the president who has by his own declaration been the most union-friendly president in history, been here since 1970, joe amtrak, joe lunch box, he punted this to us to deal with his colossal mistake. >> unions balked at a possible deal because it lacked medical leave. the bill compels unions to accept the terms. eight democrats voted against congressional intervention. 129 gop members voted no. one notable ney, speaker hopeful, kevin mccarthy. sandra? >> sandra: thanks, chad. now to minority whip john thune on how that vote is shaping up in the senate. so where do things stand at this hour? >> it's not real clear. the house has

that is treasury secretary marty walsh hitting the campaign trail, insisting high inflation has nothing with the current administration, even praising the accomplishments. here to react, kevin mccarthy, by all accounts stone soon to e speaker o elect mcc mccarthy. their closing argument is to say inflation doesn't exist or it was created somewhere else. >> that labor secretary shows why they should all be replaced. even larry sommers, the former secretary of the treasury, a democrat, warned them not to pass the american rescue plan, otherwise inflation will take off. steve ratner, a democrat economic advisor to obama calls is the original sin of inflation, what's really happened to all of americans, the real question is could you afford to give up one month of your wages? 95% of americans would say no. that's exactly what's been taken. one month is 8.3% of your overall year's salary. and that's what inflation is. so they left you 12 months of bills with only 11 months of wages to pay for it and then they're denying they did it. >> joy reed is saying you taught voters that word, how dare

nelson: they have regulatory authority where they can tell the carriers either help, and welfe, and marty walsh, pete buttigieg, the interior secretary, they could use their collective governmental clout to have the carriers -- what they decided to do is cut the workforce by about a quarter to a third in the last decade. that saved a todd of money and they end -- a ton of money and they instituted this draconian system of labor availability which means workers have very few days off. one point. another in the industry of the longshore has the same system that has workers with greater seniority go to the bottom of the list. the longshore union has been able to control its own hiring and therefore it made certain that workers have time off when they want it and they can take time off, have flexibility. on the railroads, the carriers have been told and squeezed labor so workers have to be available 90% of the time. one other point, people talk about sick days and that's one reason people need time off but it is not just sick days. workers should have the right to take off work in a reasonable amou

maria: that was labor secretary marty walsh in september, expressing hope there would not be a rail strikenwide strike is looming and it could put the country's supply chain industry at risk ahead of the weekend's black friday shopping. joining us now is former logistics founder at and ceo, allen marshall. it's great to see you this morning. >> you too, maria. maria: we're talking about the potential for the strike. four unions rejected the deal that joe biden says that he brokered. what is your thought about the risk of a strike and its impact? >> from a logistics standpoint and from a retail standpoint it would be a disaster. everything that we have -- receive every day comes by train. 40% of all of the products in america are on a train. so everything people are waiting for, manufacturers are waiting for, it's on a train. it can't stop for a day, can't stop for an hour, can't stop for a week. so it's not something we can recover from. after co-i have, the system -- after covid, the system -- it's just catching up now. if we're fighting inflation, 170,000 barrels a day are on a train so

. >> i think what you have and now is a labor secretariat marty walsh, transportation secretary peteuttigieg in touch with both sides. the president's approach is i am going to try to ameliorate potential impact on american families in the economy for now. and so he is saving his intervention. another reason for that, it is very interesting. the unions don't want the congress and the president to intervene. ninety-two, less and there was a strike. the strike was over in 2 days because congress and the president intervened. suffern out both sides really want the pressure, the deadline drama. they think it helps them at the bargaining table. the railroad companies in this country are very profitable operations. in the september deal they gave a 24% over 5 year deal increase in pay, to the unions. and they think that is a generous offer. the unions on the other hand, the trainmen, the engineers have approved that deal. but the other union say no, why? because of benefits. you just talked about this with congressman fitzpatrick. the bigger railroad companies have not approved 6 days. the

thank god he is the dealmaker and has pete buttigieg and marty walsh on the cabinets.t enough to get through the midterms. similarly, student loan crisis, right? he says, "i'm going to give everyone student loan and then midterms, actually, no it's not constitutional bit sorry about that. they try to do it with the saudis on the loan deal, out the saudis to increase their production? saudi said "no" and they try to do it but wait until after the election. now, it is after the election and i don't think t i think it will be interesting because in the political realignment of both parties are trying to go after -- and so the rail strikers, they are close on a deal. they are saying they want to have a better quality of life and more time with their families. yes, 24% raise in the deal and pennies on the dollars the amount of time they spend. so where is everybody going to come down on this? that is interesting to see but the political band-aid spear there was another one by the way now if you have a student loan, you don't have to pay until august 2023. but if you took ou

but marty walsh, the chief of staff to the president, he is still taking a victory lap on what's happeninght now. listen. >> somewhere in the future there might be a recession. i think right now what we are no cussed on is bringing down inflationary pressures and make sure we move our economy forward. stock market is still strong. job hiring is still strong. still many openings in the country. lots of positive signs. >> sandra: obviously a labor secretary, but ron klain, too, we played that out last hour, but what is the story, bob, happy to have you on today. >> thanks so much, sandra. we have been talking about this for months and i think unfortunately a lot of my projections have come true. let's start at the top when you talked about the jobs number, the 261,000. you know, i always like to dig down one more level. 247,000 of those, sandra, were in transportation, 84,000, hospitality, 210,000. but, where was the reduction? information down 17,000. financial, down 10,000. professional services, down 14,000. education, health and service, down 5,000. so what we are seeing here is, you kno

christian, i love how -- marty walsh because of his accent seems to be the only person to engenders anyif you listen to him had like -- i won't do the accent anymore this morning but, anyway, i appreciate an accent, obviously. we're just getting started. coming up, markets on the rise, the shortened trading day, a look ahead to december's federal reserve meeting and how the central bank plans to bring down inflation, next. plus, travel can be tough this thanksgiving weekend. brian kelly is here to tell the us his tips on getting you where you need to go. we'll take you live to the philadelphia international airport of next hour. you don't want to miss a moment of it. you're watching "mornings with maria" live on fox business. ♪ that's right. ♪ got to love this american ride. ♪ ozone burning. ♪ funny how the world keeps turning. ♪ look ma, no hands. ♪ i love this american ride ♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment and a certified hearing care professional evaluated my hearing lo

that deal driven by labor secretary marty walsh secured pay raises and bonuses for workers, and was signed off on by union leadership subject to rank and file approval. four of the 12 unions rejected that plan. >> members aren't necessarily voting on the money issues. it's the quality of life, and how they're treated with dignity and respect while they're at work. >> reporter: leaving biden who has repeatedly said this. >> i intend to be the most pro union president, leading the most pro union administration in american history. >> reporter: to press forward and secure immediate action to save the broader economy in spite of that very pledge. >> we'll be back tomorrow morning, send the bill over to the senate. the biggest bipartisan volte. it is a compromise, and it is what we must do. >> reporter: white house officials made clear they are suppor supportive of paid leave for the workers but acknowledge they were not a party to the agreement. they were just mediators and while they will continue to push forward, this is what they need at the moment given the economic risks. as for the presi

biden set to dispatch labor secretary marty walsh and transportation secretary pete buttigieg.fficials say will focus on an agreement they say is clear wins for union workers including the largest pay increases in more than five decades. they're cautiously optimistic biden will get the votes putting the president on the precipice of another win driven by compromise even in the face of pressure by close allies. biden resolving a democratic deadlock on climate this summer the same month he had a sweeping bipartisan manufacturer law that sits at the core of his strategy. >> this will ensure new construction jobs. >> reporter: and his postmidterm election around the country with a stop in michigan on tuesday. >> for the first time in a long time we're investing in america and ourselves. >> reporter: ahead of a scheduled visit to arizona next week. and alex, obviously michigan and arizona are two states benefitting from legislation signed by the president. but they're also two very critical battleground states, states where democrats over performed expectations in a major way in the

. >> jake, marty walsh is going, the labor secretary, and pete buttigieg, the transportation secretaryak to senators on, or tomorrow, ahead of this vote. are they likely to change any minds? >> it is, the big question is whether bernie sanders says i'm going to vote against or block the main agreement, that agreement that the house just passed, that biden brokered agreement, and if i don't get the paid sick leave provision in that legislation, and whether he has kind of the stiff spine he needs to get to block it. i just, it's really difficult to see democratic senators at this point plunging the railroads into a strike because of this paid sick leave provision. i don't think it's impossible. alexandria ocasio-cortez, i spoke to her earlier today, and she indicated it is a showdown and they will fight tooth and snail for this. i think it is hard to believe. listen, every single senator, every republican, every democratic senator and member of the house i've spoken today is not happy with joe biden. they think this is a bad deal for unions and they believe unions should be fighting hard

hassan campaigning today with a member of president biden's economic team, labor secretary marty walshal capacity, and also yesterday with progressive senator elizabeth warren. how does having a progressive like senator elizabeth warren here on the campaign trail with you actually help you leading up to election day to win over moderates? >> well, you just heard her talking about getting out the vote, and she's a great fighter for families. look, i continue to talk about my work across party lines. senator warren say i will work with anybody on both sides of the aisle to get things done. >> reporter: bolduc telling supporters today obey attention to the company hassan is keeping, saying that warren tagging along with her on the trail shows that hassan is just going to double down on the policies that bolduc says is hurting granite spate theres -- staters like inflation. >> she's all about status quo, that's why she has the secretary of labor with her and others that are just going to rubber stamp and continue to rubber stamp. and think about another six years of rubber stamping joe bid

and the occupational safety and health administration part of the labor department, where's marty walshere's the white house, what are they going to do about this? i've been writing about this for years. this has been going on for years. it's an absolute epidemic. there are measures that can be taken but not if we don't collect the data, talk about the data. the secretary of labor needs to step forward today right now perhaps before the end of the week and say what he is prepared to do. there was some talk about violence being directed at hospital workers. that's a particular workplace where there was a lot of workplace violence during and after the pandemic, but there were a lot of other places as well. and we as a country have to really sort of isolate this piece of the crisis and make sure that employers are living up to their responsibility and the federal government that overseas those employers are living up to its responsibility as well. >> i knew you guys would be the perfect panel to talk about this because we are going to come back and talk about what each of you thinks is the

maybe marty walsh needs to butt out. what good have they done? maria: that's a good point. james, i'll tell you one thing, this is going to be a disaster for an economy that is already weakening because the federal reserve's rate hikes. we get a strike in the rails, that's going to he slow thingsn pretty significantly. >> yeah. there's never a good time. this probably is a particularly bad one. and to your point, this question of what that september announcement really meant, for these people in our industry who suddenly seem interested in digging into the details of white house announcements and holding the president accountable, they got very upset that naomi biden's wedding wasn't described in terms of the access correctly. now this is a great subject for an enterprising reporter to dig into. what exactly was that september announcement that essentially punted this issue until after the midterms? this is a deal the president announced he was working hard and had brokered this deal and we find out that the participants in the deal didn't accept it whavm. what did they lea

exhibit a, ladies and gentlemen, here is the secretary of larrick, marty walsh saying don't blame joelation was not caused by this administration. inflation was not caused by prosecute-[inaudible] rebuilding the infrastructure in america. >> stuart: excuse me, can i say something? >> steve: it's your turn. >> stuart: a lot of this inflation biden's fault. case closed from. day one when he ended america's energy independence. that got the ball rolling. day two was when he jacked nearly $2 trillion into the economy. it did not need $2 trillion. you raise the price of energy. you throw money into the economy, and you get inflation. and what have you got today. by the way, if you ask this question, i think we should all ask this question, are you better off now than you were two years ago? the answer is surely no, you are not better off now than two years ago. >> steve: stuart, look at the hand of people who are better off today than they were two years ago? okay. [laughter] exhibit a. >> stuart: there you go. >> ainsley: let's take some questions. the audience wants to talk to y'all beca

at the senate lunch, democratic lunch right now, labor secretary marty walsh and transportation secretary pete buttigieg are trying to urge them all to get behind it. they believe senators will support this because of their fears here, if they do nothing, the alternative could be a disastrous impact to the u.s. economy. that's the reality right now lawmakers are confronting. >> thank you for explaining the sausage making, manu. the next guest says he's de deeply -- peter kennedy is the director for the bmwed, a union representing roughly 24,000 track maintenance workers. peter, thanks for joining us. i know this issue of sick leave is an important issue for you. if we can put the graphic back up, i want to show our viewers, the deal as we know it that was reached back in september, a deal reached by the majority of unions previously. although i know your union was not one that signed off on this. it does include an immediate 14% raise with backpay to 2020, 24% pay increase by 2024, thousand dollar annual bonuses for five years, no health care cost increases. this includes the biggest rais

. >> this morning, labor secretary marty walsh spoke to cnn, and here's his read on the state of the economy and how americans are feeling. >> we have to continue to do everything we can to bring down inflationary prices. at the end of the day no matter how many jobs i can tell you we've added people are still feeling the struggle at the kitchen table so that's why the president has been -- every time he speaks he talks about that bringing costs down and have to do more to bring those costs down. >> how do you do that? we keep seeing the fed raise rates and yet hasn't tamed inflation yet. why not? >> yeah, and so i think that the labor market reports are a big part of that. we have not seen a slowdown in the job market that has been as pronounced or as meaningful as many economists would have expected given how much the fed has been acting to restrain the economy. and so, you know, with an economy that is growing as quickly as the one we have right now with job gains like we're seeing with wage gains in particular like we're seeing it's just going to take a while to get prices back d

secretary of labor marty walsh says doing nothing in that crisis would have cost americans their liveseen would have been on the street living on the street. other major spending legislation passed under president biden includes the infrastructure and chips laws which secretary walsh says are rebuilding the country and creating jobs and the implementation of these legislative achievements are going to be one of the key parts of the success, i believe for the economy in washington. alexandra limon. coming up here at 10 o'clock, the gop announcing a new investigation into president biden's son. >> hunter, what they're planning to expose. plus, ticketmaster under fire tonight after taylor swift fans run into trouble buying tickets for upcoming tour. the actions one attorney general is taking. and also when we return, former san francisco mayor willie brown among the first to get a ride on the new city central subway line kron. 4 news at 10 c oh ms. flores, what would we do without you? leader of many, and pet wrangler too. you report to your boss, every afternoon. so beautiful. so becomin

marty walsh and transportation sake pete buttigieg will be hitting the trail with hassan.t, president biden. he has no plans so far to help hassan in a race that is growing more competitive by the day. the republican nominee don bolduc has held over 70 town halls, at least one in every county in the state. a grass roots style campaign that helped him win in the primary and will help him win in the general. >> i prove that you can do a grass roots campaign, that your campaign worthiness or your seriousness as a candidate is not based off of money. it's based off of hard work. i got $2 million. she's got nearly 40 million. she has ads. they're all lies. it's inflation. itis heating and eating. she doesn't get it. that's what this election is about. >> senator maggie hassan earlier today when talking to the college students tried to put the stakes this way. she said this election has come down to whether or not they will let an extremist continue to deny results of the election and denied them their rights. so not exactly the top issue that the majority of voters in new hamps

. >>> and we should note we will get reaction from labor secretary marty walsh in the next hour. >>> today marks the final day of early voting in several states with the midterm elections just four days away. right now across 46 states more than 30 million americans have already cast their votes. several notable names are crisscrossing the nation for candidates in this final stretch. biden wakes up this morning in california, he's headed to chicago for a political reception tonight. biden along with former presidents trump and obama will make stops in pennsylvania, a crucial state this weekend. this as the pennsylvania democratic senate candidate john fetterman picks up a big name endorsement from someone who actually helped make his opponent a household name. you might have heard of her, the other big race we're following is in georgia republican herschel walker closing the gap with his democratic opponent, senator rafael warnock. first, however, former president donald trump on the trail in iowa, now making headlines not about these midterms but his own political ambition. cnn chie

labor secretary marty walsh says the uptick could be the first sign the federal reserve's efforts tolow inflation are working. i think what was starting to see now is hopefully a transition into a slow, steady economy. >> mean that we'll see job growth games, but it's not as strong as they were in the past. and i think that that's what we want to seen earlier this week, the federal reserve raise interest rates again, an aggressive push to try and lower inflation but with nearly 2 job openings for every unemployed worker, the fed will likely need to keep taking action. >> with election day approaching, republicans are hammering democrats over inflation. families are hurting while campaigning in michigan. former vice president mike pence promise republicans have the remedy to bring prices down policies. >> going to lift the burden of inflation and the high cost of energy on working families. >> democrats continue to blame outside factors like the war in ukraine or supply chain issues for high prices. of course, this is the final economic report before election day come tuesday. voters

labor secretary marty walsh sees cause for concern because of that. >> we're worried about the recessioning about inflation. i think we will have a bigger catastrophe if we don't get more workers into the society and we do that by immigration. >> joining me now is cnbc's senior economics reporter steve liesman. what's the deal with these visas? why so few? >> well, these are backed up in part from the pandemic, and also, the u.s. has this growing labor shortage in this country, in the wake of the pandemic, you had more people retire, and people left the work force, and there is a greater need for workers and we simply can't fill those jobs from the american worker pool. 10.7 million job openings, 6 million unemployed. so therefore, if everyone of those unemployed americans got a job, there would still be 4.7 million jobs open. so the estimates are that we are short because of the pandemic, because of the huge labor shortage in this country, about 1.6 million legal immigrant workers from abroad. >> so immigration is not all bad, if you're making that argument? >> it's not only not all bad