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get out the dictionary. well define recession for you. here is the bottom line. the biden economy is shrinking as the fed unleashes rapid fire rate hikes to stave off the highest inflation in 40 years. lets get right to it. maria bartiromo joins us now. go ahead and give us the news because they projected .5% on the positive side. the number was a negative .9. >> we are now in recession and we can confirm that because it is two quarters straight of contraction. the economy shrank in th...

process about $290 billion and in addition, also changes the circumstance for people on medicare by putting a cap of a maximum $2,000 a year they have to pay no more than $2,000 a year no matter how many prescriptions they have. for all the prescription drugs. which is especially important for people with cancer, and long-term diseases. its a god send. literally be a god send for many families. second, the bill locks in place lower health care premiums for the next three years for mill...

pundits about whether were in a recession. if you look at our job market, we see signs of economic progress in the second quarter as well. >> bank of america, citigroup, j.p. morgan, they have all said nothing in the data is consistent with the economy being in a recession. >> you dont think this is an indicator of an impending recession or one here? >> 64% of americans say otherwise. heres what some folks told fox digital this week. >> i believe were in a recession. >> have you checke...

>> good morning to all of you. welcome to "way too early." on this friday, july 1st. im alex witt in for jonathan lemire. there are new legal and ethical questions being raised about whether former president trump may be trying to influence witness testimony related to the house select committees january 6th investigation. so according to "the new york times," trumps save america pac and his allies have paid for or promised to finance the legal fees of more than a dozen in to testify. ...

these people are working, farm workers are working from sunrise to sunset, by the time they get home and ask for transportation and pay to go and find -- they find nothing. its so terrible. this has been a big, big issue. >> i thank you for being with us. thank you for doing what you do on a daily basis. its been great to have you here with us this morning. that wraps up the hour for me. see you tomorrow night on nbc news saturday. thank you for the privilege of your time. andrea mitch...

from washington today where we have a special show for you tonight on this first day of steve bannons criminal trial. were seeing this first sketches of the twice indicted trump aide in court with clues about the process as he faces up to two years in prison. john flannery joins me here in washington in person tonight, and well hear directly from a top economic figure in the biden white house, brian deese. plus, pulitzer prizewinner and author david kornacki on set with me. so we would...

trying to redefine recession? >> we are not redefining recession. >> greg: president bidens prediction there being no recession lasting about as long as kamalas doomed presidential campaign. democrats are pushing more massive spending for some reason, to get us out of it. biden is brushing off the bad economic news while claiming dishing out $700 billion for things like fighting climate change and that will actually lower inflation. >> chairman powell and many of the significant bankin...

traditional definition of being in a recession. the second quarter gross domestic product g.d.p. shrank at annual rate of nine tenths of a percentage point. thats the second straight quarterly deficit and that checks the box, historically considered as recessionary. president biden says its no surprise the economy is slowing down because of inflation. but he insists he has the nation on the right path and, quote: it doesnt look like a recession to me. the president also spent time toda...

the economy. the new report out just today driving new recession fears tonight. and what president biden said about this today. and the american families from new jersey to kentucky, across this nation, who say no matter what you call it, were feeling it. rebecca jarvis reporting. tonight, the big push. democrats racing to pass that surprise breakthrough deal on climate. it would be the most ambitious climate undertaking in u.s. history. the bill also lowers prescription drug costs, ...

mika, the feds took his phone. >> thats never good, honestly. hes the architect of the attempted coup and the feds have his phone. >> you know, we were asking, how could this guy not be in legal trouble? apparently he -- seems he may be. the battle over abortion hits the states, many are wondering if theres anything the federal government can do to protect services for women and what is the state of womens rights? well be talking about all of that. willie is with us. good morning. wi...