Interest rates

News Envelope: Hiring Still Strong Despite Inflation and Interest Rates

Judy Woodruff:

Across Pakistan today, Khan’s supporters were already on the streets, blocking roads and battling police as they demanded political change.

Back in this country, the founder of the far-right militia Oath Keepers began testifying in Washington, DC, on January 6 on charges of seditious conspiracy. Stewart Rhodes described his group as peaceful, despite evidence that he was talking about – and I quote – “a bloody civil war”. Prosecutors will cross-examine Rhodes next week.

The chairman of former President Trump’s nominating committee was acquitted today of secretly working for a foreign government. Californian billionaire Tom Barrack had been accused of illegally promoting the interests of the United Arab Emirates. He denied trying to hide his links.

Federal agents say they have identified a man who posted online threats against Jewish synagogues in New Jersey. Today’s reports say investigators now doubt the man intended to carry out a real attack. The initial warning prompted cities to deploy additional police.

Flu hospitalization rates are the highest in a decade for the start of the year. Federal health officials said today that’s partly because fewer people are getting vaccinated. This year’s flu is spreading faster than usual, but does not appear to be more severe.

And, on Wall Street, stocks swung back and forth but ended higher. The Dow Jones Industrial Average gained 400 points to close at 32,403. The Nasdaq rose 132 points. The S&P 500 added 50. But, for the week, the Dow Jones lost more than 1%, the Nasdaq fell 5.6%, the S&P 500 fell 3%.

Still to come on the “NewsHour”: Oklahoma’s Five Tribes collectively endorse a gubernatorial candidate for the first time; Ukrainian Energy Minister discusses Russian attacks on critical infrastructure as winter approaches; And much more.