AND CRUDE OIL UP MORE THAN A
PERCENTAGE, BACK ABOVE $40 A
BARREL.
OUR FIRST GUEST TONIGHT IS THE
MAN WHO RUNS THE DEPARTMENT
RESPONSIBLE FOR REPORTING ALL OF
THIS GREAT NEWS TO THE COUNTRY.
JOINING US TONIGHT IS THE
SECRETARY OF THE DEPARTMENT OF
LABOR, EUGENE SCALIA.
MR. SECRETARY, GREAT TO HAVE YOU
WITH US.
I HAVE TO, I WOULD IMAGINE YOU
WERE JUST ABOUT GIDDY WHEN YOU
REALIZED WHAT YOU GOT TO REPORT
TODAY TO THE AMERICAN PEOPLE.
>> IT WAS REALLY GREAT NEWS TO
BE ABLE TO DELIVER, LOU, YOU’RE
RIGHT.
YOU KNOW, THE PREDICTIONS HAD
BEEN MAYBE WE’D ADD 3 MILLION
JOBS IN JUNE, AND IT WAS SO MUCH
BETTER THAN THAT.
WE ACTUALLY INCREASED OUR
ASSESSMENT OF HOW MANY JOBS WERE
ADDED IN MAY TOO, SO OVER TWO
MONTHS, 75 MILLION JOBS ADDED --
7.5 MILLION JOBS ADDED.
AS YOU TOUCHED ON, ACROSS ALL
DEMOGRAPHIC GROUPS.
JOBS ADDED, LOWER UNEMPLOYMENT,
SO JUST A TERRIFIC REPORT.
THE OTHER GOOD NEWS I SEE IS I
SEE MORE OPPORTUNITIES FOR MANY
MILLIONS MORE AMERICANS TO GO
BACK TO WORK IN THE NEXT FEW
WEEKS.
IN HEALTH CARE, FOR EXAMPLE, WE
HAVE ABOUT 900,000 FEWER THAN WE
DID BACK IN FEBRUARY, BUT WE
KNOW THOSE PEOPLE WILL BE GOING
BACK FAIRLY SOON.
SO JUST TERRIFIC NEWS TO HEAD
INTO THIS WEEKEND WITH.
LOU: EXTRAORDINARY NEWS.
AND IT APPEARS THAT WE’RE
LOOKING AT THE PROSPECT, THE
PROSPECT AT LEAST, OF THAT
V-SHAPED RECOVERY FROM THIS
DISASTROUS THREE MONTHS THAT WE,
ALL AMERICANS HAVE EXPERIENCED.
THIS, IN YOUR VIEW, IS IT A V?
LET’S DISMISS THE W EXPECT U.
>> I THINK IT LOOKS MORE LIKE A
V, LOU.
HARD TO SAY EXACTLY WHAT LETTER
OF THE ALPHABET IT IS, BUT EVERY
INDICATIONS IS THAT IT CAN BE A
STRONG RECOVERY.
THAT HAS BEEN REALLY MY HOPE AND
EXPECTATION, BECAUSE WE DID NOT
HAVE A WEAK ECONOMY.
WE HAD AN INCREDIBLE ECONOMY.
AND THEN WE HAD A HEALTH PROBLEM
THAT CAUSED US TO PAUSE THE
ECONOMY.
I’VE ALWAYS THOUGHT IT WASN’T
RIGHT TO COMPARE THIS TO THE
SITUATION IN THE GREAT
DEPRESSION OR EVEN WHAT WE WERE
DEALING WITH, YOU KNOW, 10, 12
YEARS AGO.
SO I THINK WE CAN CONTINUE TO
COME BACK.
BUT I WILL SAY THERE’S STILL A
LOT OF PEOPLE THAT WE WANT TO
HELP, WE WANT TO GET BACK TO
WORK, AND AMERICANS DO NEED TO
CONTINUE TO BE CAREFUL, BE SAFE,
BE DISCIPLINED SO WE CAN KEEP
REOPENING SAFELY.
LOU: NO QUESTION ABOUT IT.
WE ARE NOT, WE ARE NOT IN
TRAJECTORY YET.
WE ARE AT THE BEGINNING OF THAT
TRAJECTORY THAT WE ALL ARE
HOPING FOR.
BUT THIS IS ALSO A STUNNING
REPORT.
TO SEE THIS NUMBER OF PEOPLE
COME BACK TO WORK THIS QUICKLY
SHOWS THE RESILIENCE OF THIS
ECONOMY.
IT ALSO SHOWS THAT THE PRESIDENT
OF THE UNITED STATES MADE A, I
THINK, A HEROIC DECISION THE
MOVE AHEAD -- TO MOVE AHEAD WHEN
NEARLY EVERY ONE OF HIS ADVISERS
WAS SAYING LET’S BE CAUTIOUS,
LET’S BE CAREFUL.
HE UNDERSTOOD CLEARLY WHAT WAS
REQUIRED OF THIS ECONOMY AND THE
AMERICAN WORKING FAMILY.
THIS IS NOT A COUNTRY THAT IS
GOOD AT SITTING IDLE, IS IT?
>> WE’RE NOT.
WE’RE MADE TO BE ACTIVE, WE’RE
MADE, WE’RE MADE FOR
INDEPENDENCE AS WE’RE
CELEBRATING THIS WEEKEND.
AND THE PRESIDENT, HE MOVED
SWIFTLY TO RESPOND TO CHINA, FOR
EXAMPLE, AS THE VIRUS BEGAN TO
LOOK LIKE IT WAS HEADING OUR
WAY, HE MOVED SWIFTLY TO MOVE
LEGISLATION IN MARCH TO HELP
CONTEND WITH IT.
AND HE’S CONTINUED TO LOOK FOR
WAYS TO HELP WORKING AMERICANS.
YOU KNOW, YESTERDAY WE
CELEBRATED THE USMCA GOING INTO
FORCE.
I THINK THAT’S ANOTHER REASON
THAT WE’RE GOING TO BE LOOKING A
LOT LIKE THE ECONOMY WE HAD JUST
A FEW MONTHS AGO.
WE WILL GET BACK THERE.
AND ACTIONS LIKE THE USMCA,
REPLACING NAFTA, NAFTA IS GONE
AS OF YESTERDAY.
THESE REALLY GREAT THINGS THE
PRESIDENT’S DONE TO GET US ALL
THE WAY BACK.
LOU: YEAH.
GOING ACROSS THE ENTIRE FIRST
TERM OF THIS, THIS PRESIDENT AND
HIS CHOICES ON ECONOMIC POLICY,
ALL OF THAT CONTRIBUTING TO WHAT
WE ARENSING -- WE ARE WITNESSING
HERE TODAY, AT LEAST THE
CORROBORATION OF IT IN YOUR
REPORT.
MR. SECRETARY, GREAT TO HAVE YOU