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The Fox News Rundown

Will The Jobs Report End The Recession Debate?

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 5 August 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

This Friday, the Bureau of Labor Statistics releases its July jobs report. After much debate about whether or not the country is in a recession, Americans and economists alike are looking to this data for insight on the trajectory of the U.S. economy which will inform influential monetary policy from the Federal Reserve. Senior Writer for The Wall Street Journal Jon Hilsenrath joins the Rundown to explain the delicate balance the Fed must strike to give the economy a soft landing, why inflation is being worsened by trends of stagnant wages and what he will be looking out for in the July jobs report to prove that economy could be back on a positive path. Fans who were once excited to get back into the concert scene are now finding themselves unable to afford tickets to see their favorite singers perform. Artists such as Bruce Springsteen and Adele have recently come under fire due to ticket costs ranging between hundreds and thousands of dollars for their shows. Many are placing blame on Ticketmaster and its dynamic pricing system for the skyrocketing prices. FOX News Senior Correspondent Laura Ingle joins the podcast to break down the reasons behind these surging costs and why there's no easy solution to the problem for artists and consumers. Don't miss the good news with Tonya J. Powers. Plus, commentary from co-Host of Fox & Friends Weekend and Host of ‘The Will Cain Podcast’ Will Cain. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi all how we doing afternoon afternoon let's get this meeting meeting meeting

0:06.0

started

0:07.0

when everyone's home erepte work mode

0:12.0

when everyone's home ee work mode prioritizes your broadband for working from home, with faster speeds in more places than anyone else.

0:18.0

So, yeah, yeah, I've got you loud and clear, clear is about.

0:21.0

This is broadband made for working from home.

0:24.0

Search EE broadband, powered by BT.

0:26.7

Work mode with EE smart hub plus to verify see EE.

0:28.9

C EE dot credit eK slash claims.

0:30.1

I'm Janice Dean. I'm Brad Bear. I'm Martha McCallum and this is the Fox News rundown

0:39.0

Friday August 5th 2022 I'm Jessica Rosenthal.

0:43.4

The Federal Reserve has said solid jobs numbers

0:46.2

should mean no recession.

0:47.7

But as the economy shows some signs of cooling,

0:50.0

could the Fed put us into one?

0:51.6

Well, first of all, in terms of the term recession,

0:53.6

you can go back and forth about it.

0:54.8

Like in my mind, I think it's safe to say that we're not in a good place.

0:59.4

I'm Chris Foster.

1:00.3

Going to see live music, the Big Acts acts especially, more expensive than ever.

1:04.0

It's always been supply and demand, but we are in an age where so many people have been craving live entertainment post-pandemic.

1:12.5

The straight-up ability of companies like Tiggomaster

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