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PBS News Hour - Full Show

August 2, 2024 - PBS News Hour full episode

PBS News Hour - Full Show

PBS NewsHour

News, Daily News

4.52.2K Ratings

🗓️ 2 August 2024

⏱️ 54 minutes

🧾️ Download transcript

Summary

Friday on the News Hour, slower job growth and rising unemployment puts more pressure on the Federal Reserve to cut interest rates. As Americans who were detained in Russia arrive home, we speak with the family of one of those released. Plus, the Harris campaign pivots from labeling Trump a threat to democracy and leans into calling him weird. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Transcript

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0:00.0

Good evening. I'm Jeff Bennett. On the Navas is away. On the news hour tonight. Economic

0:09.0

warning signs. Slower job growth and rising unemployment put more pressure on the Federal Reserve to cut interest rates.

0:16.0

Americans who were detained in Russia arrive home.

0:20.0

We speak with the family of one of those released.

0:23.2

My sister and I are so over the moon and happy to have her back.

0:27.2

It's unbelievable how much you've this trip.

0:29.7

And the Harris campaign pivots from labeling Donald Trump a threat to democracy and leans into calling him weird.

0:37.0

What we're seeing here is a way to talk about this that is still on message and it's still on the theme, but there's some joy, there's some mirth, and there's some verve to it. Welcome to the news hour. The U labor market slowed down notably last month and

1:06.0

looked weaker than expected, creating just 114,000 new jobs. That's down

1:11.5

significantly from the average of 215,000 jobs a month over the past year.

1:17.0

The unemployment rate ticked up again to 4.3%, that's the highest since late 2021.

1:24.2

The reaction to today's report is raising questions

1:27.0

for the second time in as many days

1:29.2

about whether the Federal Reserve

1:30.8

has waited too long to cut interest rates.

1:33.8

Economist Mohammed Al Arian is among those who have been very vocal about this.

1:38.2

He's the president of Queens College, Cambridge University and the chief economic advisor at Alians and he joins us now.

1:44.4

Thanks so much for being with us.

1:45.8

Thanks for having me.

1:46.8

First a question about this jobs report.

1:49.2

What do it in recent economic data tell you about where the economy is right now.

1:55.5

They tell us that the economy is weakening in a much broader and much faster rate than most people

...

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