The Note

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TODAY SCHEDULE (all times ET)

FUTURES CALENDAR

NEWS SUMMARY

Like a laser beam: The Labor Department reported this morning that the economy added 248,000 jobs last month, a bit better than expected. Pre-report estimates had been for an increase of 200,000-225,000. May was the third consecutive month of solid jobs growth. March and April numbers were revised upward.

If you find a turtle on a fence post, it didn't get there by accident: Washington remains very, very Washington over the Tenet departure speculation game.

Don't stop thinking about tomorrow: The Bush-Cheney campaign is releasing a new 30-second ad today entitled "Pessimism," which focuses on the new jobs numbers. The spot moves into the campaign's cable television ad rotation on Monday along with the "Patriot Act" ad currently airing. The spot is also expected to take a shot at John Kerry's alleged pessimism.

"The public will never believe the innocence of the Clintons and their loyal staff": Bill Clinton gets boffo reviews but little TV coverage for his first show-a-little-leg book event.

President Bush meets with Pope John Paul II, the President and Prime Minister of Italy, and embassy personnel and U.S. Veterans in Rome before having dinner with Prime Minister Berlucsoni. It's nice to see Jim Nicholson in photo ops again.

On Saturday President Bush holds a joint press availability with Prime Minister Berlusconi at Villa Madoma. He then flies to Paris for a bilateral meeting, press availability and working dinner with French President Chirac at the Elysee Palace.

On Sunday, President Bush delivers remarks at the U.S. Cemetery at Colleville, holds a photo-op with all leaders at Caen town hall, and attends a ceremony at Arromanches. His exclusive interview with Tom Brokaw from Normandy airs Sunday evening on "Dateline NBC."

Sen. Kerry today holds a rally to launch "Veterans for Kerry" at the University of Minnesota, Minneapolis, Minn. He is down tomorrow in Boston. On Sunday he completes his 11-day focus on national security with a high school commencement address at Bedford Senior High School in Toledo, Ohio before flying to Denver.

On Sunday night C-SPAN airs an extended interview with Kerry -- going head-to-head with Brokaw's "Dateline" interview. No offense to Mr. Brokaw, but you aren't going to want to miss Susan Swain's grilling of the presumptive nominee -- she asks a lot of good questions.

On Monday Kerry flies to Los Angeles for campaign events and a fundraising concert featuring Barbra Streisand, Neil Diamond, and Willie Nelson.

Vice President Cheney today speaks at the Police Officers Association of Michigan's Annual Convention in Grand Rapids, Mich., appears on CNBC's Kudlow and Cramer, and speaks at a reception for Senatorial candidate Jack Ryan at the Hilton Hotel, Chicago, Ill.

RNC Chairman Ed Gillespie today delivers the keynote address at the West Virginia Republican State Convention at the Tamarack- the Best of West Virginia, Beckley, W. Va.

The Senate resumes consideration of the Department of Defense Authorization bill. No roll call votes will take place on Friday or Monday.

CIA Director George Tenet's resignation:

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