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CNN 5 Things

12 PM ET: Labor market boost, Obama’s campaign push, new Menendez brothers evidence & more

CNN 5 Things

CNN

Daily News, News

3.71.3K Ratings

🗓️ 4 October 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Today’s jobs report was stronger than expected—we'll tell you the big takeaways. CNN teams on the ground in Beirut have been hearing explosions again in the south of the city. Former President Barack Obama will hit the campaign trail next week for Vice President Kamala Harris. Tigers in a zoo in Vietnam have died after contracting bird flu. And, prosecutors in LA County are reviewing new evidence in the Erik and Lyle Menendez case.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:16.0

Hi there from CNN, I'm Emily Williams with The Five Things You Need to Know for Friday, October 4th.

0:22.0

A new US jobs report came in hot this morning,

0:25.0

showing 254,000 jobs were added in September.

0:30.0

That's more than economists expected.

0:32.0

I asked CNN's Alicia Wallace to break That's

0:33.6

economists expected. I asked CNN's Alicia Wallace to break down the big

0:35.5

takeaways from the report.

0:37.0

Thank you, Emily.

0:38.1

Stepping back a bit, so we had a really weak jobs report in July,

0:42.2

which got the anxiety spinning that maybe the labor market

0:45.6

wasn't as strong as we thought.

0:47.4

It was actually collapsing and would bring the economy down with it.

0:51.4

But in August, we had some solid job gains and today we have some

0:55.2

monster gains. Those concerns should be put to rest. Economists told me that

1:00.4

jobs market is strong enough to keep the broader U.S. economy on its

1:04.2

growth street. They also said that today's report should allow the Fed to stay the

1:08.8

course with its rate cuts, which in turn would alleviate price paying for American consumers.

1:15.0

CNN teams on the ground in Beirut have been hearing explosions and seeing smoke again in the south of the city.

...

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