| recovery has two components getting | 4.321 | Jump to 236.799 |  |  | 
              
                
                  | at first today we learned that the | 4.0 | Jump to 249.76 |  |  | 
              
                
                  | lowest level since 1969. | 6.159 | Jump to 255.76 |  |  | 
              
                
                  | this one week even one month can be | 3.84 | Jump to 265.44 |  |  | 
              
                
                  | the first slide here you'll see that the | 3.2 | Jump to 270.88 |  |  | 
              
                
                  | underscores um that the four week moving | 5.6 | Jump to 274.08 |  |  | 
              
                
                  | down by about 75 since the beginning of | 3.44 | Jump to 279.68 |  |  | 
              
                
                  | there were 18 million americans uh who | 5.04 | Jump to 286.56 |  |  | 
              
                
                  | number has fallen to fewer than 2 | 2.959 | Jump to 293.52 |  |  | 
              
                
                  | million | 2.879 | Jump to 295.6 |  |  | 
              
                
                  | we're also seeing a reduction in 16 | 4.401 | Jump to 298.479 |  |  | 
              
                
                  | million americans who are previously | 3.119 | Jump to 301.36 |  |  | 
              
                
                  | unemployment rate fell uh to 4.2 percent | 5.84 | Jump to 308.32 |  |  | 
              
                
                  | on record um and in this uh second chart | 4.56 | Jump to 315.919 |  |  | 
              
                
                  | uh this the second chart you see that | 4.959 | Jump to 322.08 |  |  | 
              
                
                  | the end of 2024 to get to an | 5.2 | Jump to 365.36 |  |  | 
              
                
                  | unemployment rate of about 4.2 percent | 3.84 | Jump to 368.24 | 
                      
                        
                      
                        PERCENT
                      
                      
                        about 4.2 percent
                      
                     |  | 
              
                
                  | fourth quarter of 2021 | 4.959 | Jump to 372.08 | 
                      
                        
                      
                        DATE
                      
                      
                        fourth quarter of 2021
                      
                     |  | 
              
                
                  | look at increased by five tenths of a | 4.64 | Jump to 408.8 |  |  | 
              
                
                  | recovered nearly 85 percent of our uh | 6.4 | Jump to 413.44 | 
                      
                        
                      
                        PERCENT
                      
                      
                        nearly 85 percent
                      
                     |  | 
              
                
                  | american family is 350 a month higher | 5.04 | Jump to 443.84 |  |  | 
              
                
                  | the first is that that data is by | 4.24 | Jump to 514.88 |  |  | 
              
                
                  | nine cents uh but to get put some | 4.56 | Jump to 534.48 |  |  | 
              
                
                  | at the pump uh over the last uh 10 years | 7.679 | Jump to 544.16 | 
                      
                        
                      
                        DATE
                      
                      
                        the last uh 10 years
                      
                     |  | 
              
                
                  | 10 years and in fact this is true over | 3.52 | Jump to 553.68 |  |  | 
              
                
                  | the last 20 years | 4.401 | Jump to 555.279 |  |  | 
              
                
                  | 13 cents in real terms inflation | 5.92 | Jump to 561.44 |  |  | 
              
                
                  | adjusted and so today uh 20 states now | 6.161 | Jump to 563.279 |  |  | 
              
                
                  | 20-year average um and as uh the as | 6.24 | Jump to 569.44 |  |  | 
              
                
                  | down 25 from their average in november | 4.961 | Jump to 594.399 |  |  | 
              
                
                  | by about 25 percent uh over the course | 4.4 | Jump to 646.48 |  |  | 
              
                
                  | 2022 | 4.96 | Jump to 695.6 |  |  | 
              
                
                  | inflation for example and by the fourth | 4.56 | Jump to 700.56 |  |  | 
              
                
                  | quarter of next year is down to uh 2.2 | 4.88 | Jump to 702.48 | 
                      
                        
                      
                        DATE
                      
                      
                        quarter of next year
                      
                     |  | 
              
                
                  | about 60 percent of those costs fall | 3.841 | Jump to 806.639 |  |  | 
              
                
                  | to make that case one quick follow on | 5.36 | Jump to 846.32 |  |  | 
              
                
                  | any one piece of data or uh any one | 5.12 | Jump to 978.48 |  |  | 
              
                
                  | bipartisan lawmakers uh six of them from | 4.56 | Jump to 996.079 |  |  | 
              
                
                  | announced about 10 days ago | 4.561 | Jump to 1047.679 |  |  | 
              
                
                  | but that that specific issue is not one | 3.68 | Jump to 1056.72 |  |  | 
              
                
                  | the fourth quarter continues to grow | 5.44 | Jump to 1125.2 |  |  | 
              
                
                  | on buildback better and then one on | 4.0 | Jump to 1171.6 |  |  | 
              
                
                  | the uh there's sort of uh two two uh two | 5.52 | Jump to 1251.84 |  |  | 
              
                
                  | elements of that question the first is | 4.399 | Jump to 1255.52 |  |  | 
              
                
                  | down dramatically as i said from 18 | 4.721 | Jump to 1271.039 |  |  | 
              
                
                  | million to less than 2 million within | 4.321 | Jump to 1273.679 |  |  | 
              
                
                  | labor force and so one of the things | 3.76 | Jump to 1294.64 |  |  | 
              
                
                  | from an economic point of view one of | 4.08 | Jump to 1296.88 |  |  | 
              
                
                  | you want you hope to avoid so that one | 4.48 | Jump to 1309.84 |  |  | 
              
                
                  | their lives and uh no one likes to pay | 4.16 | Jump to 1376.32 |  |  | 
              
                
                  | for people in the bottom 40 percent of | 4.4 | Jump to 1401.12 |  |  | 
              
                
                  | uh to move into that's point one | 4.081 | Jump to 1414.159 |  |  | 
              
                
                  | point two is that in terms of household | 4.32 | Jump to 1416.4 |  |  | 
              
                
                  | look at the bottom uh 25 or the bottom | 5.28 | Jump to 1420.72 |  |  | 
              
                
                  | 40 percent of households and you look at | 4.399 | Jump to 1423.76 |  |  | 
              
                
                  | great 6.8 | 3.76 | Jump to 1551.12 |  |  | 
              
                
                  | with the 6.2 the month of our month | 3.281 | Jump to 1557.039 | 
                      
                        
                      
                        DATE
                      
                      
                        the month of our month
                      
                     |  | 
              
                
                  | figure is point seven | 2.641 | Jump to 1558.799 |  |  | 
              
                
                  | point nine so in other words they're | 2.8 | Jump to 1560.32 |  |  | 
              
                
                  | a couple of points first i'm not going | 4.159 | Jump to 1583.52 |  |  | 
              
                
                  | estimates uh the second is you raise an | 4.0 | Jump to 1597.36 |  |  | 
              
                
                  | the last 12 months or 11 months the | 6.0 | Jump to 1607.279 |  |  | 
              
                
                  | 100 a function of everything that | 2.239 | Jump to 1621.44 |  |  | 
              
                
                  | could take you know a month or two to uh | 4.72 | Jump to 1687.52 |  |  | 
              
                
                  | thanks brian two quick ones you know my | 3.68 | Jump to 1725.44 |  |  | 
              
                
                  | one of the concerns last month on the | 3.52 | Jump to 1727.279 |  |  | 
              
                
                  | one specifically have you guys seen | 3.439 | Jump to 1737.12 |  |  | 
              
                
                  | present issue one that will continue to | 3.039 | Jump to 1853.52 |  |  | 
              
                
                  | and number one number two i think that | 3.679 | Jump to 1906.48 |  |  | 
              
                
                  | we are in this economy is one where we | 4.0 | Jump to 1947.279 |  |  | 
              
                
                  | the child tax credit december 15 could | 4.64 | Jump to 1958.08 |  |  | 
              
                
                  | extending the child tax credit is one of | 3.84 | Jump to 1984.0 |  |  | 
              
                
                  | clear this is one the lack of affordable | 4.721 | Jump to 2017.279 |  |  | 
              
                
                  | you brian um my first question is on | 4.48 | Jump to 2149.76 |  |  | 
              
                
                  | 25 | 3.439 | Jump to 2207.68 |  |  | 
              
                
                  | day but you know four to five times | 4.801 | Jump to 2217.599 |  |  | 
              
                
                  | weekly earnings are down 1.3 | 5.36 | Jump to 2251.52 |  |  | 
              
                
                  | couple of a couple of lenses the first | 3.841 | Jump to 2273.119 |  |  | 
              
                
                  | uh that's point one distributionally the | 4.32 | Jump to 2296.16 |  |  | 
              
                
                  | second is in terms of overall household | 4.401 | Jump to 2297.839 |  |  | 
              
                
                  | know at the 50 the 50th percentile | 4.8 | Jump to 2322.48 |  |  | 
              
                
                  | bernie last one can you give an update | 4.559 | Jump to 2347.52 |  |  | 
              
                
                  | one that we have focused on both from an | 4.079 | Jump to 2498.0 |  |  | 
              
                
                  | making 500 million dollars available to | 3.6 | Jump to 2507.44 | 
                      
                        
                      
                        MONEY
                      
                      
                        500 million dollars
                      
                     |  | 
              
                
                  | attention there were 72 specific uh | 4.56 | Jump to 2519.92 |  |  | 
              
                
                  | all right so i only have one item for | 4.0 | Jump to 2541.76 |  |  | 
              
                
                  | states is planning to provide up to 424 | 6.24 | Jump to 2574.72 |  |  | 
              
                
                  | million dollars toward the initiative | 3.84 | Jump to 2578.88 |  |  | 
              
                
                  | and these efforts will center on five | 3.6 | Jump to 2580.96 |  |  | 
              
                
                  | and um another one just sort of related | 5.12 | Jump to 2615.52 |  |  | 
              
                
                  | start with the first when i came out | 3.12 | Jump to 2631.44 |  |  | 
              
                
                  | second i do have an update for you as | 4.56 | Jump to 2715.2 |  |  | 
              
                
                  | the president two presidents has their | 4.399 | Jump to 2891.2 |  |  | 
              
                
                  | support it's steps that 60 percent of | 4.48 | Jump to 3119.92 |  |  | 
              
                
                  | uh 400 billion i believe this is correct | 3.919 | Jump to 3180.16 |  |  | 
              
                
                  | 400 million sorry billion would be a lot | 3.68 | Jump to 3182.24 |  |  | 
              
                
                  | uh 400 million dollars in security | 3.841 | Jump to 3184.079 | 
                      
                        
                      
                        MONEY
                      
                      
                        400 million dollars
                      
                     |  | 
              
                
                  | 60 million dollars of security | 3.52 | Jump to 3193.2 |  |  | 
              
                
                  | a fourth shot | 5.28 | Jump to 3288.079 |  |  | 
              
                
                  | reporting on the hill today that 94 of | 4.639 | Jump to 3321.68 |  |  | 
              
                
                  | amtrak got 66 billion dollars from the | 3.441 | Jump to 3326.319 |  |  | 
              
                
                  | well first i would say and you touched | 3.039 | Jump to 3335.76 |  |  | 
              
                
                  | 94 of amtrak's workforce is vaccinated | 5.76 | Jump to 3338.799 |  |  | 
              
                
                  | january 4th or at least a couple of | 4.88 | Jump to 3352.0 |  |  | 
              
                
                  | weeks four weeks approximately uh are | 5.52 | Jump to 3353.68 |  |  | 
              
                
                  | seen in 2014 | 4.159 | Jump to 3442.64 |  |  | 
              
                
                  | which is that december 15th would be the | 5.2 | Jump to 3531.04 |  |  | 
              
                
                  | january 1st uh one of the reasons that | 5.04 | Jump to 3538.4 |  |  | 
              
                
                  | us but with at least four of our major | 4.32 | Jump to 3608.799 |  |  | 
              
                
                  | accommodation not one that i have pre to | 3.601 | Jump to 3668.079 |  |  | 
              
                
                  | well one i would say that global press | 5.12 | Jump to 3681.04 |  |  | 
              
                
                  | the p5 plus one format is our objective | 4.4 | Jump to 3777.76 |  |  | 
              
                
                  | democracy summit from the 424 million | 3.439 | Jump to 3802.16 |  |  | 
              
                
                  | after the preview go ahead ashley two | 3.679 | Jump to 3813.92 |  |  | 
              
                
                  | quick questions on ukraine one why did | 4.08 | Jump to 3815.68 |  |  | 
              
                
                  | president putin and waited two days to | 3.761 | Jump to 3821.119 |  |  | 
              
                
                  | thirty thousand applications but some of | 4.24 | Jump to 3876.64 |  |  | 
              
                
                  | threat given that it might have been 10 | 3.839 | Jump to 3886.96 |  |  | 
              
                
                  | proud to have welcomed more than 74 000 | 3.919 | Jump to 3910.88 |  |  | 
              
                
                  | up to 95 000 through operation allies | 4.08 | Jump to 3917.039 |  |  | 
              
                
                  | those two legislative measures given the | 4.96 | Jump to 4018.48 |  |  | 
              
                
                  | summit going on sure well one i would | 4.0 | Jump to 4020.88 |  |  | 
              
                
                  | second let me go to afp go ahead go | 3.2 | Jump to 4081.839 |  |  | 
              
                
                  | go ahead go ahead thank you one on | 3.601 | Jump to 4085.039 |  |  | 
              
                
                  | russia well one of ukraine yeah and one | 3.599 | Jump to 4086.72 |  |  | 
              
                
                  | one nation can't force another nation to | 4.64 | Jump to 4119.92 |  |  | 
              
                
                  | change its border one nation cannot tell | 4.56 | Jump to 4122.0 |  |  | 
              
                
                  | a quick one on china yes uh the olympics | 4.881 | Jump to 4163.199 |  |  | 
              
                
                  | well well first i would say this is the | 4.48 | Jump to 4191.92 |  |  | 
              
                
                  | back at 1980 and there was a boycott all | 4.641 | Jump to 4259.679 |  |  | 
              
                
                  | let me can i say one thing raquel and | 4.0 | Jump to 4290.4 |  |  | 
              
                
                  | the omicron variant is now in 57 | 5.039 | Jump to 4303.12 |  |  | 
              
                
                  | today and said that africa has 46 | 5.52 | Jump to 4308.159 |  |  | 
              
                
                  | percent of the nearly 1 000 cases | 6.799 | Jump to 4310.88 |  |  | 
              
                
                  | globally but 70 almost 70 countries in | 6.0 | Jump to 4313.679 |  |  | 
              
                
                  | sanctions on only eight african nations | 4.881 | Jump to 4324.159 |  |  | 
              
                
                  | when divide when the variant is in 57 | 4.64 | Jump to 4326.64 |  |  | 
              
                
                  | first that the the president convened | 4.801 | Jump to 4396.159 |  |  | 
              
                
                  | repairs from the damage done for four | 4.639 | Jump to 4439.04 |  |  |