Kayleigh McEnany: This is incredible to watch

>> Kayleigh: THIS WAS BREAKING LAST HOUR. STUNNING NEW NUMBERS FROM THE BUREAU OF LABOR AND STATISTICS. THE DEPARTMENT SAYS THE UNITED STATES ADDED 818,000 FEWER JOBS THAN INITIALLY REPORTED. THAT WAS BETWEEN MARCH 2023 AND 2024. THAT MAKES THE LARGEST DOWNWARD EMPLOYMENT REVISION IN 15 YEARS. MORE THAN 800,000 JOBS JUST VANISHED, JUST LIKE THAT, IN WHAT APPEARS TO BE A SIGN OF A WEAK AND VULNERABLE JOB MARKET. HELLO, EVERYONE. THIS IS "OUTNUMBERED." I'M KAYLEIGH McENANY LIVE AT THE DEMOCRATIC NATIONAL CONVENTION, JOINED BY MY COHOSTS, HARRIS FAULKNER, ALSO HERE IN CHICAGO, AND EMILY COMPAGNO LIVE ON OUR COUCH IN NEW YORK CITY. ALSO JOINING US FROM THE DNC, FOX NEWS CONTRIBUTOR AND FORMER SENIOR COUNSELOR TO PRESIDENT TRUMP AND HOST OF "HERE'S THE DEAL" ON FOX NATION, KELLYANNE CONWAY, AND FOX NEWS SENIOR POLITICAL ANALYST JUAN WILLIAMS. BUT FIRST, BRIAN BRENBERG, COHOST OF THE BIG MONEY SHOW, ON FOX BUSINESS, PERFECT GUY TO TALK TO. WHAT'S GOING ON? >> KAYLEIGH, THIS IS A HUGE REVISION. WE WERE THINKING IT MIGHT COME IN NEARLY A MILLION, AND IT DID. THAT IS 68,000 FEWER JOBS ON AVERAGE THAN WHAT WAS REPORTED. WHY DOES THAT MATTER? WE HAVE THIS GAP BETWEEN HOW PEOPLE FEEL ABOUT THE ECONOMY AND WHAT THE NUMBERS SUPPOSEDLY SAY. WHAT WE ARE FINDING IS THAT GAP IS SHRINKING, AND THE DIRECTION ON HOW PEOPLE FEEL. WHEN YOU GET THOSE MONTHLY NUMBERS, THE ONE THING IS YOU HAVE TO REMEMBER IS THEY ARE ESTIMATES, BASED ON SURVEYS. BUT WHEN A POLITICIAN TELLS YOU, HERE'S THE NUMBER. I THINK I WILL WAIT FOR THE ACTUAL NUMBER TO COME IN, AND IN SOME CASES IT MAY TAKE A YEAR OR MORE FOR US TO LEARN THAT. >> Kayleigh: IT IS STUNNING THAT A MILLION JOBS JUST VANISHED, AND A QUICK FOLLOW-UP TO YOU, THERE ARE A LOT OF AMERICANS OUT THERE WITH CREDIT CARD DEBT THAT I WANTED TO PURCHASE A CAR. GEN Z VOTERS OUT THERE WANTING A STARTER HOME, BUT THEY CAN'T BECAUSE OF INTEREST RATES. WHAT DOES THIS DO TO INTEREST RATES? >> BY THE WAY, WHAT IT MEANS IS THERE'S A MILLION JOBS THE GOVERNMENT SAID WE GOT THAT WE DIDN'T GET. THAT IS THE KEY HERE. BUT WHAT IT MEANS IS THIS JOB MARKET IS NOT AS STRONG AS WE THOUGHT, SO THAT CREDIT CARD DEBT, THE AUTO LOAN DEBT, THE HOME DEBT, ALL OF THAT THAT NEEDS TO BE PAID OFF, THERE ARE FEWER JOBS WE ARE HOLDING TO DO THAT. THAT MAKES PEOPLE VERY NERVOUS, AND THAT MEANS THAT THE CONSUMERS ARE PROBABLY MORE STRETCHED THAN THEY ARE SAYING WE ARE. >> WOW. BRIAN BRENBERG, INCREDIBLE TO WATCH. THANK YOU. >> THANK YOU. >> Kayleigh: OUT TO THE COUCH, JUAN WILLIAMS, ONE OF THE BIG TALKING POINTS OF THE LEFT HAS BEEN JOBS, AND HE WAS KAMALA HARRIS JUST FRIDAY. >> WHEN PRESIDENT BIDEN AND I TOOK OFFICE, WE DECIDED TO INVEST IN THE WORKING PEOPLE OF AMERICA TO CREATE MILLIONS OF JOBS. >> TODAY, BY VIRTUALLY EVERY MEASURE, OUR ECONOMY IS THE STRONGEST IN THE WORLD. [APPLAUSE] WE HAVE CREATED 16 MILLION NEW JOBS. >> Kayleigh: JUAN, IS THAT A TALKING POINT WE ARE GOING TO CONTINUE TO HEAR? >> Juan: OH, I THINK SO. I DON'T THINK THERE IS ANY DEBATING THE IDEA THAT THIS IS THE BEST ECONOMY IN THE WORLD. AS WE LOOK AT THIS REVISION, AS YOU JUST HEARD FROM BRIAN, IT IS A REVISION THAT IS DONE ANNUALLY. EVERYBODY REVISES DURING THAT PERIOD BACK. IT IS STILL THE CASE THAT, ON A MONTHLY BASIS, WE HAVE BEEN ADDING ABOUT 250,000 JOBS PER MONTH, AND THE UNEMPLOYMENT RATE IS 4.3%, WHICH IS NEAR A RECORD LOW. SO ON ALL THOSE MEASURES, PLUS THE FACT THAT THE STOCK MARKET IS NEAR A RECORD HIGH, YOU HAVE TO SAY, BOY, THIS IS A GREAT ECONOMY. IT'S NOT GOOD NEWS TO SEE JOBS GOING DOWN, BUT I THINK IT MEANS THAT, WHEN YOU HEAR FROM SECRETARY JAY POWELL, WHO'S GOING TO SPEAK FRIDAY IN JACKSON HOLE, WYOMING, HE'S LIKELY TO SAY THAT THE ECONOMY COULD USE A BIT OF A SPUR BY LIVING THE INTEREST RATES. AND THAT IS GOOD NEWS FOR PEOPLE WHO DO BUSINESS IN AMERICA, FOR PEOPLE IN TERMS OF CREDIT CARD DEBT. IT IS JUST GOOD NEWS IF YOU WANT TO BUY A HOUSE. THERE'S LOTS OF COMPLEXITY IN THE PICTURE, BUT IT'S NOT A DOOM AND GLOOM STORY. >> Kayleigh: KELLYANNE, HERE'S HOW AMERICANS ACTUALLY FEEL ABOUT THE ECONOMY. WE HAVE THE NUMBERS. WE HAVE A FOX POLL AND A GALLUP POLL AND THEY ARE NOT FEELING GOOD. FOX, 73% OF REGISTERED VOTERS DESCRIBE THE ECONOMY IS ONLY FAIR OR POOR, AND 51% OF DEMOCRATS, BY THE WAY. YOU GO OVER TO GALLUP, 70% OF AMERICANS FOR THE ECONOMY IS GETTING WORSE. NOBODY WANTS ECONOMY TO GET WORSE, BUT AMERICANS FEEL THAT IT IS. >> Kellyanne: THEY DO, KAYLEIGH, AND NO ONE WANTS THE GOVERNMENT LYING TO THEM THAT THE ECONOMY IS NOT AS POOR AS IT FEELS AROUND THEIR KITCHEN TABLES OR WATER COOLER AT WORK. JUAN IS MISTAKEN FOR A COUPLE OF REASONS, RESPECTIVELY. ONE CORE REASON IS THAT THE GOVERNMENT JUST LIED TO THE AMERICAN PEOPLE. AND IF POWELL GOES AHEAD AND CUTS RATES, HE'S GOING TO LOOK POLITICAL THIS CLOSE TO ELECTION DAY, EVEN THOUGH HE DOESN'T WANT TO LOOK POLITICAL AND CLAIMS THE FED IS NOT POLITICAL. OF COURSE IT IS, AT ITS CORE. WE HAVE BEEN SAYING FOR A LONG TIME, KAYLEIGH, WHEN YOU LOOK AT THE HEADLINE DATA, IT SEEMS REALLY PROMISING, AND IF YOU LOOK AT THE CORE CPI AND SOME OF THE UNDERLYING FACTORS, THERE'S A LOT OF SOFTNESS THEY ARE. NOW YOU HAVE A GOVERNMENT ADMITTING, OOPS, SORRY, FIRST WE LOST 240,000 UNACCOMPANIED MINORS AND NOW WE LIED TO YOU ABOUT CLOSE TO A MILLION JOBS THAT WEREN'T REALLY THERE. YOU CAN'T JUST DO THAT, AND THE CBO CAME OUT A COUPLE MONTHS AGO AND SAID THE NATIONAL DEBT IS ABOUT $1.8 TRILLION MORE THAN WE EXPECTED. GUYS, THESE ARE REAL NUMBERS. THIS IS A REAL PAIN PEOPLE ARE FEELING EVERY SINGLE DAY, AND IT IS RELEVANT BECAUSE THE SAME GOVERNMENT THAT HAS LIED TO YOU ABOUT JOB CREATION IS NOW GOING TO CUT RATES, AND KAMALA HARRIS IS GOING TO BENEFIT. SHE'S GOING TO SAY, WOW, LOOK AT THIS BOOMING ECONOMY EVERY SINCE I BECAME NOMINEE, EVEN THOUGH I NEVER SAID A WORD ABOUT THE ECONOMY. >> Kayleigh: EMILY, WHEN YOU DIG DOWN INTO THESE DETAILS -- I'M LOOKING NOW, ABOUT HALF OF THESE WERE IN THE PROFESSIONAL AND SERVICE INDUSTRIES. IT MAKES YOU THINK ABOUT NO TAX ON TIPS. MANUFACTURING DOWN 115,000 THAT THEY WERE OFF BY, AND THE POOR LUMINARY AND FINALIZE DATA DOESN'T COME UNTIL FEBRUARY 2025. AS AFTER THE ELECTION. >> Emily: YOU CONTRAST, AS KELLYANNE BROUGHT UP, THE HEADLINES, THE SMALL AND SHORT TALKING POINTS BY THE LEFT, THE SOUND BITES THEY LIKE TO TOUT MAGNIFIED BY THE MAINSTREAM LEFT-WING MEDIA, BUT THE REALITIES ARE MORE LIKE WHAT WE SAW AT THE RNC, WHEN SARAH WORKMAN GOT ON STAGE AND TALK ABOUT HOW SHE HAS TO HOLD DOWN TWO JOBS AS A SINGLE MOTHER TO MAKE ENDS MEET. WE HAVE TALKED ABOUT, ON THIS NETWORK, THAT THE SAME GROUP THAT RUNS THE ECONOMIC HOTLINE THROUGHOUT THE COUNTRY THAT SOUNDED THE ALARM FOR THE LAST HOUSING CRISIS RECESSION IS SOUNDING THE ALARM NOW AND SAYING THAT THERE ARE MILLIONS OF FAMILIES THAT HAVE ASSETS, THAT HAVE EMPLOYMENT, AND YET CANNOT STRETCH THEIR MONEY TO COVER THEIR BILLS. WE COVER, AS WELL, HOW THE AVERAGE AMERICAN SALARY RIGHT NOW IS NOT ENOUGH TO PURCHASE A HOUSE. THE INTEREST RATES ARE ABSOLUTELY PRECLUDING PEOPLE FROM ENTERING THIS HOUSING MARKET, AND THAT IS JUST SORT OF THE TIP OF THE ICEBERG. WHEN WE ARE TOLD EVERYTHING IS FINE, NOTHING TO SEE HERE, THAT'S NOT HOW THE MAJORITY OF AMERICANS FEEL, AND IT HAS BEEN UNDER THE WATCH OF THE PERSON RUNNING FOR PRESIDENT ON THE LEFT. >> Kayleigh: HARRIS, YOU HAVE A JITTERY MARKET WE HAVE SEEN AT TIMES. IT REBOUNDED. YOU HAVE THESE JOBS, AND YOU HAVE HIGH INTEREST RATES. AND THEN YOU HAVE ADVANTAGE TRUMP ON THE ECONOMY. WE WILL PUT THE POLES. >> Harris: IT'S GOING TO BE REALLY HARD TO TURN THIS AROUND FOR THE ELECTION IN NOVEMBER. BETTER TO HANDLE THE ECONOMY, THAT IS NOT GOING TO CHANGE BECAUSE THEIR POLICIES AREN'T CHANGING. EVEN IF YOU LOWER THE INTEREST RATES IN THE NEXT 15 MINUTES BETWEEN NOW AND NOVEMBER, THAT DOESN'T TOUCH THE PRICES THAT PEOPLE PAY FOR THE THINGS THEY EAT. I HIT THE STREETS OF CHICAGO TO TALK TO PEOPLE WHO LIVE HERE ABOUT WHAT MATTERS MOST TO THEM. ONE OF THE MAIN ISSUES WAS JOBS, AND WHAT THEY WERE TELLING ME IS KAMALA HARRIS AND SOME OF THEM LIKE HER WEREN'T REALLY CLEAR WHY SHE KEEPS SAYING THAT SO MANY JOBS WERE CREATED UNDER THE BIDEN-HARRIS ADMINISTRATION. THEY UNDERSTAND THE ECONOMY A LITTLE BIT BETTER THAN WHAT PEOPLE GIVE THEM CREDIT. JUST WATCH THIS. THIS IS AUSTIN. >> I DO, AND EVEN AFTER COVID, A LOT OF PEOPLE WERE LAID OFF DURING COVID. WHEN ALL THOSE PEOPLE GOT FIRED, AND THEN YOU BRING 3 MILLION PEOPLE BACK, YOU ARE NOT ADDING 3 MILLION NEW JOBS TO THE ECONOMY. YOU ARE STILL DOWN. IF I HAD A THOUSAND DOLLARS IN MY POCKET I LOT THAT THOUSAND DOLLARS AND THEN I SOUND $500 ON THE GROUND, I'M NOT UP $500. I'M STILL DOWN $500. >> Harris: I'M TELLING YOU, KAYLEIGH, THEY UNDERSTAND THIS. PEOPLE UNDERSTAND WHAT'S MISSING FROM THEIR POCKETBOOKS, AND HE HAD A REAL LIFE EXAMPLE THERE. I THINK IT'S GOING TO HAVE TO BE MORE THAN JUST THE SLEIGHT-OF-HAND THAT DEMOCRATS ARE GOING TO DO. THEY HAVE TO FIX THIS ECONOMY THAT THEY BROKE COMING OUT OF THE TRUMP ADMINISTRATION BEFORE NOVEMBER. IT IS A HAT TRICK. I'D LIKE TO SEE IT. >> Kayleigh: ME, TOO PRA